· Algeria has rejected financial help from financial
institutions, such as the IMF despite a financial crisis in the
country. The financial crisis is mostly because of the fall in oil
prices. President Abdelmadjid Tebboune said that he would borrow from
citizens rather than international institutions.
· The Prime Minister of Lesotho, Thomas Thabane, stated his
intention to retire by the end of July, in spite of the risk of
prosecution for his alleged involvement in the murder of his wife from
whom he separated in 2017. The government last week rejected his
request for immunity from prosecution after his retirement. The prime
minister and his former wife Lipolelo Thabane, were in the midst of a
divorce when she was shot dead in front of her house in the capital
Maseru.
· Current penetration rate of the insurance sector in Africa
stands at 3%. African leaders are discussing the way forward for
increasing the insurance cover in the continent, which is a
necessary condition for not only for inclusive growth but also
ensuring universal health leveraging insurance.
