Africa - 29 April 2024
29 Apr 2024
AFRICA
- Kenya has seen weeks of rain and severe flooding, including in the capital, Nairobi, and in the country's western and central regions. And citizens have been warned to brace for “even heavier rainfall”. At least 70 people have died in Kenya since mid-March as heavy rain and flooding have continued across the country. (Source)
- In Morocco, efforts to grow the country’s $2 billion-a-year aerospace industry are part of a years-long push to transform the largely agrarian economy through subsidizing manufacturers of planes, trains, and automobiles. Officials hope it dovetails with efforts to grow Moroccan airlines, including the state-owned Royal Air Maroc. “There is a market today. Today, the global international supply chain is suffering. Morocco has a good opportunity and a good positioning in terms of the aeronautical industry," says Royal Air Maroc CEO Abdelhamid Addou. (Source)
- Nigeria has said it is seeking up to 2.25 billion dollars in World Bank loans, in a statement by Finance Minister Wale Edun. Speaking following the IMF/World Bank spring meetings in Washington D.C. at the weekend, Edun said the Nigerian government is also aiming to issue diaspora bonds later this year to attract foreign exchange into the country. The World Bank loans would comprise 1.5 billion dollars in development policy financing and 750 million dollars in programme-for-results financing. (Source)
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