Prudence Journal

In a recent revelation, Alhaji Aliko Dangote, founder of the Dangote Petroleum Refinery, claimed that officials of the Nigerian National Petroleum Company Limited (NNPC) are operating blending plants in Malta. Supporting this, new data shows Nigeria imported $2.25 billion worth of fuel from Malta over the past nine years. According to Trade Map data, Nigeria's import of petroleum oils from Malta surged significantly, reaching $2.8 billion in 2023, a 342% increase from $47.5 million in 2013.

Dangote's claims have sparked controversy and speculation, with some Nigerians questioning the integrity of NNPC personnel. In his statement, Dangote mentioned that traders and NNPC officials have blending plants in Malta, implying questionable activities. However, NNPC Group Chief Executive Officer Mele Kyari has denied any involvement in such operations outside Nigeria, attempting to quell the suspicions surrounding these assertions.

This revelation comes amid scrutiny of Nigeria's petroleum import practices and the operations of its national oil company, adding another layer of complexity to the country's ongoing energy sector challenges. The significant rise in fuel imports from Malta highlights the need for transparency and accountability within the NNPC and related entities.

Overseas blending plant accusations - Nigeria imported $2.25bn fuel from Malta - Prudence Journal A few days after Alhaji Aliko Dangote, founder of the Dangote Petroleum Refinery, claimed that some officials of the Nigerian National Petroleum Company Limited (NNPC) operate blending plants in Malta, new data reveals that Nigeria imported $2.25 billion worth of fuel from Malta over the past nine y...

South Africa's President Cyril Ramaphosa has appointed Mandisa Maya, currently the deputy chief justice, as the nation's new chief judge. Maya will begin her term on September 1, succeeding Chief Justice Raymond Zondo, who is set to retire. She will head the Constitutional Court in her new role.

Mandisa Maya, 60, was formerly the judge president of the Supreme Court of Appeal, South Africa’s second-highest court. She is the first Black woman to be appointed to the Supreme Court of Appeal and has served as its deputy president and president.

In February, Cyril Ramaphosa proposed Maya for the chief justice role, and after facing questioning from the Judicial Services Commission in May, her nomination was backed, marking a significant milestone for the country.

South Africa appoints Mandisa Maya as Its first female chief Justice - Prudence Journal South Africa President Cyril Ramaphosa has appointed Mandisa Maya, the present deputy chief justice, as the nation's new chief judge. She will begin her term on September 1, replacing Chief Justice Raymond Zondo, who is set to retire. Maya will head the apex Constitutional Court in her new role. Man...

A Nigerian man has been charged following the stabbing of an army officer near Brompton Barracks in Gillingham, Kent. The incident occurred at around 5:55 PM on Tuesday, where Lieutenant Colonel Mark Teeton was attacked in Sally Port Gardens. The suspect, Anthony Esan, 24, was arrested on Mooring Road in Rochester around 6:30 PM, after allegedly fleeing the scene on a motorcycle.

Kent Police reported that the victim, in his 40s, is in a serious but stable condition after being airlifted to the hospital

Search teams are still working at the site of deadly mudslides in southern Ethiopia, with the death toll now at 257, according to the UN humanitarian office (OCHA). Heavy rains triggered the slides on Sunday and Monday, and the death toll could rise to as many as 500, as more than 15,000 affected people need evacuation.

Ethiopian Prime Minister Abiy Ahmed plans to visit the area on Friday, expressing deep sadness over the tragedy. Photos show residents recovering bodies from the mud, while rescue workers search the steep terrain for survivors.

Landslides are common during Ethiopia’s rainy season, which lasts until mid-September. Deadly mudslides also frequently occur in the wider East African region, including recent incidents in Kenya.

The Nigerian military announced on Thursday that it will take measures to prevent violence during upcoming protests. Defence Spokesperson Major General Edward Buba stated that while peaceful protest is a right, the demonstrations set for August 1 could escalate, similar to recent deadly protests in Kenya.

Buba emphasized the risk of anarchy, prompting military intervention. In response to economic struggles, Nigerians are mobilizing online for protests as inflation hits a 28-year peak of 34.2%. The government warns that influencers are instigating unrest, echoing the deadly EndSARS protests of 2020.

Protesters insist on their right to peaceful assembly, claiming the government’s warnings of violence are pretexts for suppression. Amnesty International previously reported police brutality during the EndSARS demonstrations, where at least 12 people died.

Building Collapse in Lagos State Claims Three Lives
A tragic building collapse occurred early Thursday morning at Arowojobe Estate, Maryland, Lagos State, resulting in three confirmed fatalities. The incident was reported at approximately 3:58 am, with the victims identified as site workers found amidst the rubble of three terraces under construction.

Olufemi Oke-Osanyintolu, Permanent Secretary of the Lagos State Emergency Management Agency (LASEMA), confirmed the prompt mobilization of a response team, leading to the recovery of the deceased and the rescue of two others.

Collaborative rescue efforts involved LASEMA, the Lagos State Fire Service, and the Nigeria Police, utilizing an excavator to facilitate the operations.

Three workers dead as building under construction collapses in Lagos - Prudence Journal Three people have been confirmed dead following the collapse of a building in Arowojobe Estate, Maryland, Lagos State. The incident occurred at approximately 3:58 am on Thursday, July 25, 2024, as reported by an eyewitness. Olufemi Oke-Osanyintolu, Permanent Secretary of the Lagos State Emergency Ma...

Nigeria’s External Reserves Surge
Nigeria’s external reserves have surged to $37.05 billion as of July 18, 2024, according to Central Bank Governor Yemi Cardoso. He announced the increase during a press briefing following the 296th Monetary Policy Committee (MPC) meeting in Abuja on Tuesday, noting a significant rise from $34.70 billion at the end of June 2024, representing a $2.35 billion increase in just over 18 days.

The MPC recently emphasized the importance of enhancing external reserves. To bolster foreign exchange inflows, the Central Bank plans to double diaspora remittances this year. According to data from the CBN’s quarterly statistical bulletin for Q1 2024, there was a 39% rise in inflows through International Money Transfer Operators (IMTOs), amounting to $1.07 billion compared to $770.23 million in Q1 2023. This also reflects an 11% increase from Q4 2023’s $965.82 million.

Nigeria’s external reserves hit 17-month high, gain $2.35 billion in 18 days - Prudence Journal Nigeria's external reserves have surged to $37.05 billion as of July 18, 2024, marking another increase, according to Central Bank Governor Yemi Cardoso. He disclosed this at a press briefing following the 296th Monetary Policy Committee (MPC) meeting in Abuja on Tuesday. Cardoso highlighted that th...

Tragic Plane Crash in Kathmandu
A passenger plane crashed during takeoff in Kathmandu on Wednesday, resulting in the deaths of 18 occupants, while the pilot was rescued from the flaming wreckage. According to Nepali police spokesman Dan Bahadur Karki, the Saurya Airlines flight carried two crew members and 17 airline staff. The pilot is currently receiving medical treatment.

Nepal’s aviation safety record is notorious, with a history of numerous fatal incidents involving light planes and helicopters. Gyanendra Bhul of Nepal’s Civil Aviation Authority mentioned the flight was undertaken for technical or maintenance purposes but did not provide specifics.

Authorities are preparing the 18 recovered bodies, including one foreigner, for post-mortem examination. The nationality of the foreigner remains unconfirmed #

18 dead in Nepal plane crash, pilot sole survivor - Prudence Journal A passenger plane crashed during takeoff in Kathmandu on Wednesday, resulting in the pilot being rescued from the flaming wreckage, while all 18 other occupants perished. Nepal's aviation safety record is notorious, with a history of numerous fatal incidents involving light planes and helicopters ov...

Kenya Submits Economic Repair Plan to IMF

Kenya has officially submitted an economic repair plan to the International Monetary Fund (IMF) for review. The country’s chief minister announced that the IMF board is expected to review and potentially approve the plan during a meeting at the end of August.

This submission comes as part of Kenya's efforts to stabilize and revitalize its economy amidst ongoing financial challenges. The approval of the plan by the IMF could provide much-needed support and confidence for Kenya's economic recovery strategies.

Kenya submits new economic plan to IMF amid protesters' fury - Prudence Journal Kenya has submitted an economic repair plan to the International Monetary Fund and it expects the fund's board to review it for approval at a meeting at the end of August, the country's chief minister has said. Kenya has been forced to rapidly draw up new spending cuts after widespread…

Algeria Extinguishes 26 Fires Across Central and Eastern Regions

Algeria successfully extinguished 26 fires across central and eastern regions within a 24-hour period, according to the Civil Defense Agency. The fires affected forests, brush, agricultural crops, and fruit trees in multiple provinces including Bejaia, Mila, Bordj Bou Arreridj, Skikda, Setif, and Tizi Ouzou, with no reported injuries.

Last week, Algerian-Tunisian firefighting teams collaborated to extinguish a wildfire in a border area of Souk Ahras province. To combat these incidents, Algeria has implemented a wildfire prevention system with 13 water-bombing aircraft and 100 drones for monitoring and surveillance operations.

Algeria faces frequent wildfire outbreaks exacerbated by prolonged drought and escalating temperatures, attributed to extreme weather patterns. In recent years, wildfires have claimed numerous lives and caused significant property damage.

Dozens of fires ravage Algerian forests, farms - Prudence Journal Algeria successfully extinguished 26 fires across central and eastern regions within a 24-hour period. The Civil Defense Agency reported on Monday that the fires had affected forests, brush, agricultural crops, and fruit trees in multiple provinces including Bejaia, Mila, Bordj Bou Arreridj, Skikda,...

The Economic Community of West African States (ECOWAS) has committed at least $14 million to support counterterrorism efforts and humanitarian initiatives in heavily affected member states.

Nigeria’s President Bola Tinubu, serving as Chairman of the ECOWAS Authority of Heads of State and Government, shared these updates during the Sixth Mid-Year Coordination Meeting of the African Union in Accra, Ghana.

Tinubu highlighted ECOWAS' achievements and challenges over the past year, noting that $9 million is allocated to aid vulnerable groups and $5 million directed to states combating terrorism.

ECOWAS to spend $14m on counterterrorism, humanitarian interventions - Prudence Journal The Economic Community of West African States (ECOWAS) has committed at least $14 million to support counterterrorism efforts and humanitarian initiatives in heavily affected member states. Nigeria's President Bola Tinubu, serving as Chairman of the ECOWAS Authority of Heads of State and Government,...

In a significant cabinet reshuffle announced late Sunday, President Hassan of Tanzania has terminated the appointments of two key ministers.

The Minister of Foreign Affairs and East Africa Cooperation, January Makamba, along with the Minister of Information, Communication and Information Technology, Nape Nnauye, have been relieved of their duties. This decision underscores the President's resolve to make critical changes within the government.

The abrupt dismissal of these ministers has sparked discussions about the direction of the administration and its approach to handling foreign and domestic policies moving forward.

Tanzania's President Hassan dismisses two ministers in major cabinet reshuffle - Prudence Journal Tanzania's President Samia Suluhu Hassan has dismissed two prominent ministers as part of a major cabinet reshuffle, according to acting director of presidential communications Sharifa Nyanga. Amid rumors of a secret plot to challenge President Samia Suluhu Hassan's re-election bid, Foreign Minister...

Gran Canaria, Spain – Dozens of exhausted migrants arrived in a wooden boat on a beach in Spain's Canary Islands early on Friday amid a sharp rise in perilous crossings from Africa.

Emergency personnel and a few stunned beachgoers rushed to help the 64 people who made it to Las Burras beach on the island of Gran Canaria. Authorities reported that the boat reached the shore by its own means.

Eleven migrants were taken to hospitals, some by helicopter, as four were in critical condition. This incident highlights the increasing number of dangerous journeys undertaken by migrants seeking safety and better opportunities.
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Nigeria has imposed a $220 million fine on Meta Platforms following an investigation that revealed data-sharing violations on Facebook and WhatsApp. Adama Abdullahi, head of Nigeria’s competition and consumer protection authority, announced the penalty, highlighting that Meta’s data practices did not comply with Nigeria’s strict privacy laws, raising significant concerns about personal information management.

The fine underscores Nigeria’s commitment to enforcing data protection standards and reflects growing global scrutiny of tech giants' practices. The Federal Competition and Consumer Protection Commission accused Meta of unfairly leveraging its market power and mishandling Nigerian user data without reasonable consent.

This penalty emphasizes the importance of adhering to local regulations and treating users equitably across different regions. Meta’s handling of user data has sparked significant concerns, prompting Nigeria to take decisive action to ensure compliance and protect consumer privacy.

Nigeria slaps Meta with $220 million fine for Facebook, WhatsApp data breach - Prudence Journal Nigeria has levied a $220 million fine against Meta Platforms (META.O) after investigations uncovered that the company's data-sharing practices on its Facebook and WhatsApp platforms violated Nigerian consumer protection, data privacy, and data protection regulations. Adama Abdullahi, head of Nigeri...

FIFA has delayed its decision on the Palestinian bid to suspend Israel from international soccer until after the Paris Olympics, following requests from both parties for more time to submit their positions. The Palestinian Football Association proposed the suspension in May due to the conflict in Gaza. FIFA, which committed to addressing the issue at a special council meeting in July, announced that a legal assessment will now be presented by August 31. The Paris Olympics are set for July 26 to August 11, with Israel participating in the men's soccer tournament.

FIFA postpones decision on Palestinian bid to suspend Israel until after Paris Olympics - Prudence Journal FIFA has postponed its decision on the Palestinian bid to suspend Israel from international soccer until after the Paris Olympics, citing requests from both parties for additional time to submit their positions. In May, the Palestinian Football Association (PFA) proposed suspending Israel from FIFA....

Republican presidential candidate Donald Trump has blamed US President Joe Biden for global conflicts, claiming he could stop wars with phone calls. Speaking at the Republican National Convention in Milwaukee on Thursday, Trump depicted a world on the brink of World War III under Biden’s administration and vowed to restore global peace and stability without detailing his methods.

Trump attributed various international conflicts to Biden, including those predating Biden’s term, and vowed to resolve them if elected for a second term. He criticized Biden’s leadership, calling it incompetent and promising to end crises such as the Russia-Ukraine war.

Additionally, Trump demanded the release of Americans held abroad, proposing a missile defense system for the US similar to Israel’s Iron Dome. Reflecting on his previous interactions with North Korean leader Kim Jong Un, Trump suggested that Kim would welcome his return to the White House.

Trump blames Biden for global conflicts, says he can stop wars with a telephone call - Prudence Journal Republican presidential candidate Donald Trump has blamed US President Joe Biden for global conflict, saying he's capable of stopping wars with telephone calls. Trump speaking at the Republican National Convention in Milwaukee on Thursday, July 18, 2024, depicted a world on the brink of World War II...

The World Bank has disbursed $751.88 million to Nigeria from a recently approved $1.5 billion loan.

According to findings by Nairametrics, the funds were allocated under the Nigeria Reforms for Economic Stabilization to Enable Transformation (RESET) and Development Policy Financing Program (DPF) project. This disbursement aims to support Nigeria's economic stability and transformational reforms.

The remaining portion of the $1.5 billion loan is expected to follow as Nigeria progresses with its economic stabilization and reform measures outlined in the RESET DPF project.

Nigeria gets over $751m loan from World Bank with conditions attached - Prudence Journal The Nigerian government has obtained $751.88m out of the recently approved $1.5bn loan by the World Bank. According to a document from the global financial institution seen on Wednesday, the loan under the Nigeria Reforms for Economic Stabilisation to Enable Transformation, Development Policy Financ...

United States President Joe Biden has been diagnosed with COVID-19 while on a trip to Las Vegas on Wednesday.

According to the White House, he is currently experiencing "mild symptoms," including a sense of overall discomfort due to the infection. White House Press Secretary Karine Jean-Pierre announced that President Biden will travel to his residence in Delaware, where he plans to "self-isolate and maintain full duties during this period."

President Biden, aged 81, developed upper respiratory symptoms such as a runny nose, non-productive cough, and general malaise this afternoon, according to Dr. Kevin O’Connor, the president’s physician. Following a positive COVID-19 test, Biden received a prescription for the antiviral medication Paxlovid and has already taken his first dose.

Malian Armed forces investigate Soldier's alleged cannibalism in viral video - Prudence Journal The Malian armed forces have launched an investigation into a video depicting a man in a Malian military uniform cutting into a co**se in front of his peers. In a statement on Wednesday, the army chief denounced the act as a "rare atrocity" likened to cannibalism. The statement also emphasised…

United States President Joe Biden has been diagnosed with COVID-19 while on a trip to Las Vegas on Wednesday.

According to the White House, he is currently experiencing "mild symptoms," including a sense of overall discomfort due to the infection. White House Press Secretary Karine Jean-Pierre announced that President Biden will travel to his residence in Delaware, where he plans to "self-isolate and maintain full duties during this period."

President Biden, aged 81, developed upper respiratory symptoms such as a runny nose, non-productive cough, and general malaise this afternoon, according to Dr. Kevin O’Connor, the president’s physician. Following a positive COVID-19 test, Biden received a prescription for the antiviral medication Paxlovid and has already taken his first dose.

U.S. President Joe Biden tests positive for COVID-19 during Las Vegas trip - Prudence Journal United States President Joe Biden has been diagnosed with COVID-19 while on a trip to Las Vegas on Wednesday. According to the White House, he is currently experiencing "mild symptoms," including a sense of overall discomfort due to the infection. White House Press Secretary Karine Jean-Pierre annou...

OKX to Halt Services in Nigeria

Cryptocurrency exchange OKX has announced it will discontinue its services in Nigeria starting August 16, 2024. This decision comes in response to unfavourable policies by the Nigerian government, as stated in an email to Nigerian users on Wednesday.

Citing unfavourable government policies, cryptocurrency exchange OKX has announced it will end its service in Nigeria from August 16, 2024. The company informed its Nigerian users via email on Wednesday about the upcoming discontinuation.

The International Monetary Fund (IMF) adjusted its economic growth forecasts for Sub-Saharan Africa. While the region's overall growth is still expected to rise in 2024, reaching 3.7%, it's slightly lower than the 3.8% projected in April.

Nigeria's outlook specifically saw a downgrade. The IMF now forecasts Nigeria's economy to grow 3.1% in 2024, down from the 3.3% growth predicted earlier. This revision reflects weaker growth recorded in the first quarter of the year. However, the IMF maintained its 3.0% growth forecast for Nigeria in 2025.

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On Monday, emergency services reported that six firefighters have died while battling a bushfire in South Africa’s eastern KwaZulu-Natal province, with two others in critical condition. Authorities suspect that poachers, attempting to trap animals, may have ignited Sunday’s fire.

Emergency services spokesperson Roland Robertson confirmed that three firefighters perished at the fire’s location near Boston, approximately 130 kilometers inland from Durban. Three additional firefighters, treated and placed on ventilators, succumbed shortly after being taken to the hospital. One firefighter remains on a ventilator, while another is also in critical condition.

Robertson added that some poachers are believed to have been injured in the fires near private farms, which spread uncontrollably due to wind and dry conditions. No arrests of suspected poachers have been reported.

Six firefighters dead, two critically injured in South Africa bushfire - storms batter other regions - Prudence Journal On Monday, emergency services reported that six firefighters have died while battling a bushfire in South Africa's eastern KwaZulu-Natal province, with two others in critical condition. It is suspected by authorities that poachers trying to trap animals may have ignited Sunday's fire. Emergency serv...

Hassana and Husiena have made history as the first female twin airline pilots in the aviation industry. Born in Nigeria and now based in Canada, they have broken barriers and shattered stereotypes, inspiring other women to pursue aviation careers.

Their passion for flying began early, and they relentlessly pursued their dreams, obtaining commercial pilot licenses and working as flight instructors before joining a leading Canadian airline.

Their achievement is not just remarkable because they are women but also because they are twins, showcasing the strength of their bond and the power of teamwork.

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Breaking News: Gambia Rejects FGM Legalization Bill

On Monday, Gambia’s parliament dismissed a bill aimed at lifting the ban on female ge***al mutilation (FGM). Lawmakers voted against all clauses in the proposed legislation, as confirmed by Parliament Speaker Fabakary Tombong Jatta.

The bill had ignited significant debate, with activists and women’s rights groups advocating for the continued protection of girls and women, while some traditionalists pushed for legalization, citing cultural reasons.

The rejection means the current ban on FGM, enacted in 2015, remains in effect, ensuring ongoing protection for Gambian women and girls.

Gambia's parliament rejects bill to lift ban on female ge***al mutilation - Prudence Journal On Monday, Gambia's parliament dismissed a bill aimed at lifting the ban on female ge***al mutilation, with lawmakers voting against all the clauses in the proposed legislation, according to Parliament Speaker Fabakary Tombong Jatta. The bill had sparked significant debate within the country, with a...

Spain Wins Euro 2024 Championship

Spain claimed a record fourth European soccer championship, with Mikel Oyarzabal scoring the decisive goal in the 86th minute to secure a 2-1 victory over England in the Euro 2024 final held in Berlin.

Spain triumphed in all seven matches they played, showcasing one of the most dominant international tournament performances ever. “I couldn’t be happier,” said Spain manager Luis de la Fuente. “For me, they are the best in the world and today I confirm that definition.”

Nico Williams scored Spain’s first goal just two minutes into the second half, while England’s Cole Palmer equalized in the 73rd minute before Oyarzabal’s winner.

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In his brief yet remarkable career, Carlos Alcaraz has already achieved milestones few can compare with. At just 21, he is winning major titles at an extraordinary rate, hinting at his immense potential. Each victory brings him closer to becoming the dominant force in his sport.

Alcaraz took another significant step by delivering an outstanding performance under pressure, defeating seven-time champion Novak Djokovic 6-2, 6-2, 7-6 (4) at Wimbledon , marking his second consecutive win at the tournament. With four major titles to his name, Alcaraz joins Roger Federer as the only men to win their first four Grand Slam finals.

Donald Trump Escorted Off Stage at Pennsylvania Rally After Apparent Gunfire

In a dramatic turn of events, Donald Trump was quickly escorted off the stage during a rally in Butler, Pennsylvania, after apparent gunshots were heard in the crowd.

The former president was in the midst of presenting a chart on border crossing numbers when the unsettling sounds erupted, causing immediate concern. Trump was seen reaching toward his neck, and there appeared to be blood on his face.

This incident has prompted heightened security measures and investigations into the source of the gunfire. Stay tuned for more updates.

Meta Lifts Restrictions on Trump's Social Media Accounts
META – Meta has announced plans to roll back restrictions on former US President Donald Trump's Facebook and Instagram accounts as he gears up for his 2024 presidential campaign. Trump's accounts were indefinitely suspended following the January 6, 2021, Capitol riot but were reinstated in February 2023 with penalties for future breaches, which Meta lifted on Friday.

Meta, headed by Mark Zuckerberg, cited the importance of allowing political expression and ensuring presidential candidates can communicate with voters on equal footing.

The Biden campaign has criticized Meta's decision, emphasizing the need to uphold community standards to prevent hate speech and incitement to violence.

Meta lifts restrictions on Trump’s Facebook, Instagram accounts - Prudence Journal Meta has announced a plan to roll back restrictions on former US President Donald Trump's Facebook and Instagram accounts, as the presumptive Republican nominee seeks to regain the White House in November. The social media company headed by Mark Zuckerberg had indefinitely suspended Trump's accounts...

Argentina Labels Hamas a Terrorist Organisation
ARGENTINA – On Friday, Argentina officially designated Hamas as a terrorist organisation, implementing a freeze on the Palestinian group's financial assets. This move is part of President Javier Milei's strategy to strengthen ties with the U.S. and Israel.

The decision follows Hamas's deadly attack on Israel on October 7, which led to significant casualties and hostages. Argentina also cites Hamas’s connections with Iran, blaming it for past attacks on Jewish sites in Buenos Aires.

The announcement precedes the 30th anniversary of the 1994 Jewish community center bombing in Buenos Aires, a tragic event with lasting impacts on Argentina’s history.

Argentina labels Hamas a terrorist organisation, freezes assets - Prudence Journal On Friday, Argentina labeled Hamas a terrorist organisation and ordered a freeze on the Palestinian group's financial assets. This largely symbolic move comes as President Javier Milei aims to strengthen Argentina's alignment with the U.S. and Israel. Milei's office, announcing the decision, referre...

IMF Cuts Botswana’s 2024 Growth Forecast to 1%

The International Monetary Fund (IMF) has reduced Botswana’s 2024 growth forecast to 1%, down from the previous estimate of 3.6%, due to decreased diamond production. This downturn is expected to widen the budget deficit to 6% from 3.45% as mineral revenues decline.

The IMF advises Botswana to delay new infrastructure projects to strengthen the economy, prioritizing projects with the greatest returns. The IMF cited decreased consumer demand and global economic weakness as factors diminishing the demand for diamonds, which are considered luxury goods.

Earlier this year, Finance Minister Peggy Serame had forecasted a 4.2% economic growth, but the IMF’s revised outlook emphasizes the need for fiscal flexibility and strategic planning in response to declining mineral revenues.

IMF cuts Botswana’s 2024 growth forecast to 1% due to decline in diamond production - Prudence Journal The International Monetary Fund (IMF) has cut Botswana's 2024 growth forecast to 1%, down from the previous April estimate of 3.6%, citing decreased diamond production as the main reason, according to a statement. According to the IMF, the budget deficit is expected to grow to 6% from 3.45% due to.....