MARKET NEWS
‘Cash Strapped’ Zimbabwe Beats Nigeria In Paying UN Fees – Report - AFRICA REPORT
A report by the Africa Report says Zimbabwe is one of the 129 countries to have paid its UN fees as of 7 October. Describing Zimbabwe as cash strapped country, the article went on to say, Nigeria, Africa’s second-largest economy is yet to make good on its obligation to pay the UN fees 10 months into 2019.
The United Nations is facing a serious cash shortage crisis with the secretary-general admitting that if other countries don’t pay their member fees they may not be able to meet their salary obligation for next month.