All
 

 

Just in:  

You are here: Home»World»Africa

Africa

Archive

Fighting in eastern DR Congo leaves 19 dead GOMA: Nineteen people have been killed and 27 injured in fierce clashes between the army and M23 rebels in the restive eastern Democratic Republic of Congo, the government said as fighting resumed on Tuesday.Mortar fire rang out for a second day north of Goma, ahead of a visit by UN chief Ban Ki-moon to DRC on Wednesday as part of a tour that will take him to the volatile provincial capital.Government spokesman Lambert Mende told journalists that Monday's fighting the first involving the M23 rebels in six months had left 15 insurgents dead and 21 injured, while four soldiers were killed and six injured.He said that fighting continued on Tuesday in the same area, 12 kilometres (seven miles) north of Goma.Mende said the rebel assault was carefully planned and was "without doubt aimed at dissuading, even preventing, the deployment of the United Nations special intervention brigade."The latest fighting comes a ...

Egyptian army boosts forces in Sinai after kidnapping EL-ARISH: The Egyptian army sent reinforcements into the Sinai Peninsula on Monday after President Mohamed Mursi said there would be no talks with militant Islamists who abducted seven members of the security forces last week.Radical Islamists have expanded into a security vacuum in Sinai that the state has struggled to fill since an uprising swept autocrat Hosni Mubarak from power in 2011. The groups have launched attacks on Israel and targets in North Sinai.The kidnapping ...
South African mine wage demands roil shares, rand JOHANNESBURG: Big wage hikes demanded by the government-allied trade union in South Africa's coal and gold industries helped push the rand to a four-year low on Monday, highlighting the ripple effect of the prospect of more turmoil in the industry.The National Union of Mineworkers' (NUM) call for pay rises of up to 60 percent in a submission to the Chamber of Mines seen by Reuters on Sunday rattled mining investors after wildcat strikes at platinum ...
Nigeria says switching to foreign debt to lower costs LAGOS: Nigeria will increase the amount it borrows overseas to around 40 percent of all debt over the next three to five years, from 12 percent currently, to lower its funding costs, the head of the debt office said on Monday.DMO Director General, Abraham Nwankwo, said he expected Nigeria's debt to GDP ratio to fall to 17 percent over the same period from 21 percent, as Africa's second-biggest economy switches into cheaper foreign debt.The move ...
Improving rains boost optimism for strong I.Coast cocoa ABIDJAN: Increased rainfall and abundant sunshine across most of Ivory Coast's main growing regions have increased optimism among growers following a turbulent start to mid-crop harvesting, farmers and analysts said on Monday.While the majority of traders and exporters expect an abundant April-to-September mid-crop, harvesting got off to a slow start after dry, hot conditions at the beginning of the year caused many flowers and small pods to wither on the trees.Farmers and exporters complained last ...
Boosting Ethiopia's economy, one shoe at a time ADDIS ABABA: For Bethlehem Tilahun, the answer to ending poverty in Africa is not aid or sympathy or donations from the West. It's shoes.Specifically, building a successful shoe manufacturing business that creates jobs, empowers employees, like the one she founded SoleRebels, the first ever global footwear company to come out of a developing country."You don't build your economy based on aid, you want to build your economy based on the way SoleRebels built its business, ...
Zimbabwe's top rights lawyer won't relent JOHANNESBURG: As Zimbabwe approaches watershed elections, a renowned lawyer at the forefront of defending human rights activists, vowed never to give up even after her own arrest earlier this year.Beatrice Mtetwa spoke to journalists in Johannesburg Friday at the screening there of a film about her fight for the rule of law in Zimbabwe.Mtetwa was arrested in March when she went to represent clients during a raid of Prime Minister Morgan Tsvangirai's office. But she ...

 



 
IndexClosingChg%
ArrowDJIA 15,387.58 0.34
ArrowNasdaq 3,502.12 0.16
ArrowS&P 1,669.16 0.17
ArrowFTSE 6,803.87 0.71
ArrowDAX 8,472.20 0.19
ArrowCAC-40 4,036.18 0.33
ArrowNikkei 15,381.02 0.13
ArrowH.Seng 23,366.37 0.54
ArrowSensex 20,111.61 0.56






Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyApril
Trade Balance $-1.779 bln
Exports $2.130 bln
Imports $3.909 bln
WeeklyMay 20, 2013
Reserves $11.601 bln