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U.N. request $234 million in assistance for Zimbabwe.

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The United Nations is requesting $234 million in humanitarian assistance for more than five million Zimbabweans in need.

Zimbabwe’s estimated 17 million people are facing a devastating drought and a declining economy.

The U.N on Thursday launched an international appeal for aid for Zimbabwe following a drought that it expects to affect around a third of the population as crop yields plummet.



“We are requesting for, as part of this launch, 234 million dollars from multi sectoral humanitarian and residents spending activities that have been implemented by some 70 humanitarian partners,” said Bishow Parajuli, United Nations Coordinator in Zimbabwe.

Parajuli stated that out of the nearly 5.3 million people who are estimated to be in urgent need of humanitarian assistance and protection, the flash appeal is targeting 2.2 million people in both rural and urban communities.

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According to a UN statement, these funds are needed “to provide food, sanitation, water, hygiene and protection for 2.2 million of the 5.3 million people in need over the next six months.

“I am releasing 10 million dollars today as a first contribution to the appeal,” said Mark Lowcock, United Nations Under-Secretary-General for Humanitarian Affairs.

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Zimbabwe’s annual maize consumption is 1.8 million tonnes and the Ministry of Agriculture said it is still assessing the extent of the drought, while Finance Minister Mthuli Ncube said the country has 500,000 tonnes in a strategic reserve.

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Crime

Ugandan Woman Bags 20 years jail term for killing husband

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A Uganda High Court has sentenced a 27-year-old woman, Jackline Nakku, to 20-years in jail for murdering her husband on Valentine’s Day in 2018.

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The High Court in Mukono District in central Uganda found her guilty of murdering her husband Eric Kiddu after hitting him several times on the head with an iron bar.

After the murder Nakku attempted to make the killing appear to be the result of an attack by unknown people by screaming and running to neighbours to ask for help. His body was later found in a pool of blood with a panga and brick besides it, the Daily Monitor reported.

The couple had quarrelled shortly before the bloody encounter with a misunderstanding leading to Kiddu’s death.

Nakku was advised by the judge to appeal the sentence if she was dissatisfied as relatives of both husband and wife argued outside the court, trading accusations.

-IOL News

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Business

Egypt Ranks 2nd Amidst World Emerging Economies.

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Amidst the 21 most flexible emerging economies worldwide, Renowned Bloomberg has listed Egypt’s economy behind Philippines in the face of the global trade war.

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In its analysis, the Bloomberg agency relied on a set of criteria, most important of which being the GDP growth rate, local currency performance against international currencies, foreign exchange reserves, credit rating, and finally current account performance.

The Egyptian cabinet’s Media Center said in a statement on Monday that indicators of the Egyptian economy improved significantly during the recent period, most notably the choice of the Egyptian pound as the second-best performing currency in the world against the US dollar this year so far, according to Bloomberg.

Of these indicators, GDP growth in the third quarter of fiscal year 2018/2019 reached 5.6 percent, alongside a rise in net foreign exchange reserves by the end of May 2019 to US$44.3 billion, with the current account deficit as a percentage of the GDP declined from 6.1 percent in 2016/2017 to 2.4 percent in 2017/2018.

The statement added that the Egyptian credit rating achieved its best level since 2011 after the agencies of Moody’s, Fitch and Standard & Poor’s upgraded Egypt’s credit rating.

-Egyptian Independent


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