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Zimbabwe's Mugabe stands firm on elections by July 31 HARARE: Zimbabwean President Robert Mugabe has said he will abide by a court ruling to hold elections by July 31 despite calls by Prime Minister Morgan Tsvangirai to allow time for key reforms before the vote, state media reported Sunday."We will work in accordance with that judgement (of the constitutional court)," Mugabe said in an interview with the Zimbabwe state-owned Spot FM radio in Japan on the sidelines of an international summit on African development."The time has come for elections to be held," the 89-year-old veteran leader was quoted as saying.The polls will end a unity government led by Mugabe and Tsvangirai that was formed in February 2009 after violent and disputed polls the previous year.The two have already confirmed they will run against each other in this year's polls.Mugabe's comments came after Zimbabwe's constitutional court ruled Friday that the southern African country must hold elections by July 31."We must ...

Sudan security bans opposition newspaper KHARTOUM: Sudan's security service has banned the newspaper of the opposition Communist party, its editor said on Sunday, the third paper targeted by authorities in the past few weeks.Sudan's constitution guarantees press freedom but the security service has clamped down on independent and even pro-government media if they criticise the government."The security services have issued a publication ban by ordering our printing and distribution firms to stop dealing with us," said Madiha Abdella, editor of ...
Zambian president's supporters beat up opposition, activists LUSAKA: Supporters of Zambia's ruling party beat up a group of civil society activists, opposition politicians and a cleric who had moved their protest against high food prices to a church on Friday after their planned demonstration was banned.Around 60 people were inside a church in Lusaka's Matero slum area when about 100 bussed-in supporters of President Michael Sata stormed the premises and started assaulting everyone, including a cleric who is highly critical of the ...
European topless protesters could face Tunisia jail terms: lawyer TUNIS: Three European women with radical activist group Femen, who were arrested after baring their breasts in Tunis, will be tried next week for public indecency and could be jailed, their lawyer said on Friday."They will appear in court in Tunis on June 5 The trial will be an open hearing," Souheib Bahri told AFP, information confirmed by French consular officials in Tunis.They will be tried for "public indecency" and an "attack on public morals," ...
Dangote Flour Mills says Q1 loss widens to $11mn LAGOS: Dangote Flour Mills said on Friday its 2013 first quarter loss before tax widened to 1.75 billion naira ($11 million) as against a loss of 90 million in the same period a year ago, sending its shares tumbling.Shares in the Nigerian unit of South Africa's Tiger Brands , fell 1.38 percent to 9.23 naira per share at 1100 GMT on the local bourse. The main index was down 0.28 percent.Gross margin at the flour ...
Zuma urges stability in S.Africa's troubled mining sector PRETORIA: South Africa's President Jacob Zuma moved Thursday to restore investors' confidence by urging stability in the key mining sector after the country's economic growth hit a fresh low.Gross Domestic Product figures released this week showed that Africa's wealthiest economy grew by just 0.9 percent in the first quarter as the country faces the prospect of renewed labour unrest in the mining sector."The figure means that we must strengthen economic performance and increase the rate ...
Cairo and Khartoum in talks on Ethiopia Nile diversion CAIRO: Egypt and Sudan were holding talks on Wednesday following a decision by Ethiopia to divert the Blue Nile as part of a giant dam project which risks affecting the two downstream Arab states.Sudan's minister of irrigation, Osama Abdallah al-Hassan, arrived in Cairo for a one-day visit to the discuss the issue with authorities, Egypt's official MENA news agency said.And Ethiopia's ambassador to Cairo, Mohammed Idriss, held talks with senior officials at the foreign ministry, ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln