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Angola to 'forgive' half of Mozambique's debt MAPUTO: Oil-rich Angola is ready to write off half of Mozambique's public debt which dates back decades, an official said on Friday.The decision, which covers half of the total of about $60 million (45 million) owed, follows a meeting between the two countries this week.The remaining $30 million will be "transformed into capital for Angolan investment in Mozambique," the Mozambican official said, asking not to be named because he is not authorised to speak to the press.The debt dates back to the 1970s and 1980s and was largely incurred by Mozambique importing oil from Angola.Angola had in 2007 agreed to write off $30 million of Mozambique's debt, but the deal was never implemented."The main idea is to implement economic relations so that they reach the same level as political relations which are excellent," the official added.The two countries have been close since gaining independence from Portugal in the mid-1970s. Both ...

Senegal confirms Ebola case DAKAR: The Ebola epidemic that has killed more than 1,500 people across West Africa spread to a fifth country in the region on Friday with the first confirmed case of the deadly virus in Senegal.The case marks the first time a new country has been hit by the outbreak since July and comes a day after the UN warned the number of infections is increasing rapidly.Senegal's health ministry said the patient is a young Guinean ...
Libya Islamists say they shot down jet of rival forces BENGHAZI: Libyan militants said on Friday they downed a plane belonging to forces of a rogue general, but a source close to the officer said it crashed because of a technical fault.The military aircraft came down in Al-Baida in eastern Libya after carrying out air strikes targeting Islamists in Derna farther east, a spokesman for general Khalifa Haftar said.Speaking on condition of anonymity, he said the crash happened because of a "technical" glitch, and added ...
Tunisia recovers 14 bodies from sea near Libya BEN GUERDANE: Tunisian rescuers on Friday recovered the bodies of at least 14 people from the sea near Libya's maritime border, in an area that has seen many boatloads of illegal migrants capsize.A child's body was among those plucked from the sea by the Tunisian coastguard and taken to Ben Guerdane, an AFP photographer said.Hospital official Abdelkarim Chafroud told AFP that 14 bodies were retrieved and rescuers were still trying to recover three more.Earlier Friday, ...
Senegal reports first case of Ebola DAKAR: Senegal confirmed its first case of Ebola on Friday, as the country's health minister announced that a young Guinean had tested positive for the deadly virus.Guinean health services had reported on Wednesday "the disappearance of a person infected with Ebola who reportedly travelled to Senegal," Senegalese health minister Awa Marie Coll-Seck said, adding that the infected patient was a young Guinean man who was immediately quarantined. Copyright AFP (Agence France-Presse), 2014 ...
South Africa convicts four of plot to kill Rwandan ex-general KRUGERSDORP: A South African court on Friday convicted four men of attempting to murder a Rwandan former general who had fled after falling out with the east African country's strongman, Paul Kagame.Magistrate Stanley Mkhari found three Tanzanians and one Rwandan "guilty of attempted murder" after acquitting two other Rwandans -- the alleged mastermind and General Kayumba Nyamwasa's former driver.Mkhari also concluded that the bid to assassinate Nyamwasa was politically motivated."The attempted murder of General Nyamwasa ...
Nigeria confirms Ebola death in oil city of Port Harcourt ABUJA: Nigeria on Thursday said that a doctor had died from Ebola in the southeastern oil city of Port Harcourt in the first case of the deadly virus outside the financial hub, Lagos.Health minister Onyebuchi Chukwu said the medic died on August 22 after treating a patient who had contact with a Liberian-American man, who brought the virus into Nigeria and died in a Lagos hospital on July 25."Following the report of this death by ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln