Fitch downgrades Namibia to junk

Fitch on Monday announced it has downgraded Namibia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB+’, with a stable outlook. “The downgrade reflects weaker-than-forecast fiscal outcomes and our projection that public debt-to-GDP will continue to rise over the medium term. This will leave debt in financial year 2019 (FY19, to end-March 2020) at nearly double […]

Zimbabwe churches pray for Mugabe to go

Church denominations, under the umbrella of the United Citizens Alliance in Zimbabwe, held a short meeting during lunch hour in Harare on Monday to call and pray for the removal of President Robert Mugabe from office. The alliance will draw up a united citizen’s manifesto this week to ensure members speak with one voice on […]