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Buhari to be sworn in as Nigeria president after historic win ABUJA: Muhammadu Buhari becomes Nigeria's new head of state on Friday, in an unprecedented ceremony after he won the first opposition victory over a sitting president in the nation's history.The 72-year-old takes charge of Africa's most populous nation, which is facing crises on several fronts, from severe economic turmoil to Boko Haram's still-raging insurgency. The inauguration, before visiting heads of state and dignitaries, comes 32 years after the former army general seized power in a military coup. He was ousted after 20 months in office.Buhari has described himself as a "converted democrat" and vowed to lead an administration committed to the needs of Nigeria's 173 million people by cracking down on the scourge of corruption. But analysts said his first task may be managing the expectations of a nation that has struggled for decades with woeful infrastructure, crippling unemployment and widespread unrest.Copyright AFP (Agence France-Presse), 2015 ...

European Union suspends Burundi vote observer mission BUJUMBURA: The European Union said Thursday it was suspending its electoral observer mission to Burundi and warned that current conditions in the east African nation would not allow for credible polls in June.EU foreign policy chief Federica Mogherini "has decided, with my agreement, to suspend the deployment of the European Union Election Observation Mission," David Martin, the mission's chief observer, said in a statement.The statement said that "at the current time, conditions in Burundi do ...
Nigeria's Jonathan starts handover to president-elect Buhari ABUJA: Nigeria's outgoing President Goodluck Jonathan on Thursday showed Muhammadu Buhari around his new quarters, as the former military ruler prepared to take over as elected head of state.The 57-year-old took Buhari and his vice-president-elect Yemi Osinbajo on a tour of the presidential villa, Aso Rock, in Abuja, before submitting his formal handover notes.Buhari, 72, defeated Jonathan in March 28 elections -- the first time in Nigeria's history that an opposition candidate had beaten a ...
Madagascar's parliament votes to dismiss president ANTANANARIVO: Madagascar's parliament voted overwhelmingly on Tuesday to dismiss President Hery Rajaonarimanpianina for alleged constitutional violations and general incompetence.The Indian Ocean island's constitutional court will now decide whether the decision to dismiss Rajaonarimanpianina can be enacted.The motion was backed by 121 of the 125 lawmakers who voted, easily clearing the two-thirds majority required.The parliament's speaker, Jean Max Rakotomamonjy, said after the votes were counted: "It is officially declared that everyone accepts that the request of ...
Rights groups decry Ethiopia press clampdown ahead of elections NAIROBI: Rights groups said elections on Sunday in Ethiopia, Africa's second most populous country, would not be free or fair due to a clampdown on freedom of speech.Ethiopia on Sunday holds its first general election since the death of long-time strongman Meles Zenawi whose successor, Hailemariam Desalegn, is almost certain to stay in office.Over 36.8 million Ethiopians have registered to vote in what is seen by the international community as a key test of the ...
Burundi leader makes first appearance since failed coup BUJUMBURA: Burundi's President Pierre Nkurunziza on Sunday made his first appearance since an attempted coup, warning of a threat from Shebab militants and sending a clear message he is in charge of the central African nation.Dressed in a blue blazer and polo shirt, the president smiled and shook hands with reporters at the presidency in Bujumbura's city centre. He gave only a brief statement, without even mentioning the failed plot to overthrow him.A group of ...
Gunmen kill 2 Egypt judges, prosecutor in Sinai CAIRO: Gunmen killed two Egyptian judges and a prosecutor Saturday in the Sinai Peninsula, where security forces are battling an Islamist insurgency spearheaded by an Islamic State group affiliate, officials said.The shooting in North Sinai's provincial capital El-Arish also killed the officials' driver and wounded another prosecutor, the health ministry said.Police initially said three judges were killed in the attack that came hours after a court in Cairo sentenced ousted president Mohamed Morsi to death ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln