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Moody’s Tags Namibia Risky For Investment

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Moody's Tags Namibia Risky For Investment

Instead of Namibia regaining a positive investment grading, Moody’s rating agency has declared the country as speculative.  The rating agency says, although there are improving prospects for economic growth, it is still risky to lend to the country.

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So, Moody’s has affirmed the ba1 rating of the country, maintaining a negative outlook.

The ba1 rating reflects Namibia’s gradually improving medium-term growth prospects and moderate wealth levels that support the economy’s capacity to absorb shock.

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In an announcement on its website, moody’s also projected a three and a half percent growth in gross domestic product and a GDP growth of one percent next year.  It says these growth projections are supported by developments in the diamond industry, the tourism sector, and logistics.

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MSF Raises Alarm Over Malnutrition In Southern Ethiopia

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MSF Raises Alarm Over Malnutrition In Southern Ethiopia

Medical charity, Doctors Without Borders, MSF has raised the alarm over malnutrition rates in Southern Ethiopia amongst tens of thousands of Internally Displaced People (IDPs).

MSF says, its teams saw rates of malnutrition amongst children to be well above the emergency threshold in one local government area, last month. They also saw a high number of malnourished pregnant women.

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MSF field coordinator in the area, Markus Boening said, the camps are overcrowded and in extremely poor conditions. Markus added that, the people living there are at risk from outbreaks of epidemics and their health is very vulnerable after being forced to move so many times.

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At least a million people were forced from their homes by ethnic clashes last year. Some have returned, but many still live in IDP camps. MSF is now working with local authorities focusing on improving nutrition.

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Egypt Parliament Votes To Extend Sisi Rule Until 2030

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Egypt Parliament Votes To Extend Sisi Rule Until 2030

Egypt’s capital Cairo is full of banners encouraging Egyptians to participate in a referendum after parliament approved amendments to the constitution that could keep President Abdel Fattah Al-Sisi in power until 2030. The 596-member parliament, dominated by Sisi supporters, voted 531 to 22 in favor of the amendments, though they still have to be endorsed in a referendum before it takes effect.

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The changes would extend Sisi’s current term to six years from four and then allow him to run again for a third term, which would last six years.

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Sisi’s supporters say the changes are necessary to give him more time to complete major development projects and economic reforms.

Critics of the changes say, the amendments would encourage the role of the military in political life and increase the president’s power over the judiciary.

READ:  Egypt's President Wants Libya To Hand Over Captured Militant

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Libya Death Toll Rises To 205 Amid Clashes In Tripoli says W.H.O

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Libya Death Toll Rises To 205 Amid Clashes In Tripoli says W.H.O

World Health Organization (WHO) has said on Thursday, at least, 205 persons have been killed in Libya, including 18 civilians, and more than 900 wounded in two weeks of fighting near the capital, Tripoli.

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It says, shells slammed, into a densely-populated district of the area on Tuesday, piling misery on civilians, from a two-week assault by commander Khalifa Haftar’s forces, to take Libya’s capital from an internationally-backed government.

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The UN refugee agency says it has now evacuated nearly 180 migrants from a detention centre close to the area of fighting. It says, people relocated from the Abu Salim centre were among its most vulnerable detainees – including women and children.  U.N said, there’s grave concern for those still in the facility.

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