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African Union troops retreat in Somalia as Shebab attack MOGADISHU: African Union troops fighting Somalia's Shebab insurgents have pulled back from several key towns following a series of attacks by the Al-Qaeda-affiliated fighters, local officials said Friday.The withdrawal, a rare retreat after AU troops seized swathes of territory from the radical militants, includes the towns of Qoryoley and Awdhegele, which have since been taken over by Shebab in Somalia's southern Lower Shabelle region.The Islamic militants have stepped up their attacks during Islam's holy fasting month of Ramadan."They pulled out of Qoryoley, there is not a single soldier left behind," local government official Mohamed Haji Osman said. Residents reported that the Shebab had since moved in and hoisted their black flag over the town, some 80 kilometres (50 miles) southwest of the capital Mogadishu."Shebab fighters entered the town and their flag is flying over the district headquarters. All AMISOM and Somali troops pulled out," said resident Ahmed Hassan.Awdhegele district commissioner ...

Liberia announces return of Ebola, with one new death MONROVIA: Liberia announced the return of the deadly Ebola virus on Tuesday, more than six weeks after the country eradicated the disease."A new case of Ebola has been reported in Margibi County. The person has died and was confirmed positive before death. He has been buried," said deputy health minister Tolbert Nyensuah.The official told a radio station experts had traced and quarantined anyone who may have had contact with the victim, without giving numbers or ...
Mozambique turns 40, high on gas prospects MAPUTO: Mozambique turned 40 on Thursday, mixing formal military parades with exuberant African dancing as it turned from a generation of civil war and poverty to look to a more prosperous future, powered, it hopes, by vast amounts of natural gas.In contrast to the early years of independence from Portugal in 1975, when the challenge was navigating the choppy waters of the Cold War, the southern African nation's leaders now face the burden of the ...
Top Burundi leader flees days ahead of polls BUJUMBURA: Burundian President Pierre Nkurunziza's controversial bid to stand for a third consecutive term in office was dealt a fresh blow on Thursday after one of his top deputies fled the country and urged him to step down.In a letter addressed to Nkurunziza, whose re-election bid has already sparked weeks of civil unrest, a refugee crisis and a coup attempt, second vice-president Gervais Rufyikiri urged the president to "put the interests of the Burundian people ...
25 killed in two Egypt road accidents CAIRO: Twenty-five people were killed and 29 others injured on Sunday in two separate road accidents in Egypt, where poor road and traffic regulations kill thousands each year, officials said.One accident took place on the highway linking Cairo to the Mediterranean coast further north when a minibus collided with a truck killing 13 people and injuring four, said a health ministry official.Twelve people were killed and 25 injured in the other accident when a bus ...
DR Congo opens probe after NGO accuses UK firm of bribery KINSHASA: Kinshasa said on Friday it had opened an investigation after an NGO alleged a British energy company paid off an army officer accused of silencing critics of exploration in a Congolese national park.Global Witness, a British NGO, on Wednesday published scans of four cheques totalling $15,600 (14,000 euros) allegedly issued by a Congolese subsidiary of Soco International to an army major posted to Virunga National Park.The park, which lies in the east of the ...
Leaders at African summit expected to avoid migration troubles JOHANNESBURG: Despite growing pressure to address the tragedy of African migrants drowning in the Mediterranean, the African Union is unlikely to offer any home-grown solutions to the crisis, say analysts.Refugees will be discussed in a closed session at the first day of the African Union summit on Sunday, in anticipation of a meeting with the European Union in the latter half of this year.But African leaders, many of whom routinely flout human rights, are accused ...

 



 
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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%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln