UN agency alerted to fraudulent Botswana flags on ships in January
via Mmegi1 min read
The United Nations agency overseeing global shipping was informed in January by credit ratings agency S&P Global about ships illicitly flying Botswana's flag. This activity could potentially affect Botswana's international image. While S&P Global recently downgraded Botswana's sovereign credit rating, the fraudulent flags are unlikely to have influenced this decision. S&P, in its role as a credit ratings agency, monitors various activities related to countries and their future prospects for research purposes. However, actual ratings decisions are based on evaluations of public finances, short to medium-term forecasts, and government plans.
Free daily or weekly digest of the most important stories from across 18 African countries. No spam, unsubscribe any time.
This summary was AI-generated from a story originally published by Mmegi.
Botswana's annual inflation rate held steady at 10.7% between May and June, according to Statistics Botswana. This figure marks a three-and-a-half-year high, reflecting the continued impact of earlier fuel price increases. The 10.7% rate is the highest recorded since December 2022, a period influenced by the global surge in food and fuel prices following Russia's invasion of Ukraine. Statistics Botswana data indicates that between May and June, indices for various goods and services showed stable movement, with changes under one percent. The transport sector was the primary contributor to the 10.7% annual inflation rate in June. The upcoming increase in electricity tariffs from August 1 is expected to counteract any inflation relief anticipated from the July 6 reduction in fuel prices.
The Mmegi Online website, a leading independent source for news in Botswana, encountered a "404 Page Not Found" error when attempting to access the article titled "Molokomme eyes new horizons." Mmegi provides breaking news, current affairs, politics, business, sport, and entertainment news. The site also offers various features, analysis, blogs, and classifieds, and allows users to subscribe for news updates and follow them on social media platforms like Facebook, Twitter, YouTube, and Instagram. Mmegi is a publication of Dikgang Publishing Company.
The requested page on Mmegi Online, which was expected to contain an article about credit growth, could not be found. The website displayed a "404 The page you're looking for does not exist!" error message. Mmegi is an independent news source in Botswana, covering various topics including business, politics, and current affairs.