Gaddafi death - what's next for Africa?

By Bizclik Editor

Libya officials are said to be planning a secret burial for their leader Muammar Gaddafi, who was captured and shot yesterday.

Officials said the dictator was captured by rebel gangs and loaded on to a vehicle in his birthplace, Sirte. He was reportedly shot in crossfire between rebels and supporters and died on his way to hospital of gunshot wounds to the head.

There is speculation over whether the 69-year-old will be buried at sea like Osama Bin Laden to stop any potential grave being turned into a shrine for the former ruler who reigned for 42 years.

Jubilatory scenes in Libya carried on late into the night as citizens celebrated Gaddafi’s death, while there are hopes for a democratic election within the next two years.

 

Read more from the WDM content network:

Attracting and keeping online shoppers in Africa

Africa's highest paid sports stars

Setting the standard for corporate sponsorship

Technology giant Siemens re-organises to excel in African industry sector

 

To read the latest issue of African Business Review, click here

 

But Gaddafi’s financial influence in Africa, exercised through the African Union of which he had a major role in its formation, may feel the negative impact of his death.

Kathryn Sturman, an AU expert with the South African Institute for International Affairs told the BBC that Colonel Gaddafi's death will initially have a detrimental effect on the AU’s finances.

"It's the end of an era for the AU. Libya was one of the big five (along with South Africa, Nigeria, Egypt and Algeria) financial contributors of the organisation. It paid 15 percent of its budget, and also the membership fees of countries in arrears, like Malawi," Sturman said.

"The new government in Libya is not goingto be well disposed to the AU (which opposed the Nato-led intervention in Libya)."

African Business Review is now available on the iPad. Click here to download it.

Share

Featured Articles

Middle East GDP hike of 57% if more women join workforce

By tapping into the potential of next-generation female workers, the MENA region could unlock new economic opportunities, up to US$2 trillion, reports PwC

Dialight supplies LED solutions for industrial safety

Reliance on inefficient lighting technologies are not only harmful to the environment, but also increase injury risk and cost

Top 10: Tech, AI, cloud, cyber speakers at TECH LIVE LONDON

TECH LIVE LONDON events sees technology leaders from IBM, Oracle, Vodafone, JP Morgan, Accenture and the US Space Force among the inspirational speakers

Cyber LIVE adds Vodafone head of cyber Kawalec to line-up

Leadership & Strategy

Musk’s multibillion hostile Twitter takeover – the timeline

Leadership & Strategy

Sustainable moves businesses can make to win customers, IBM

Sustainability