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Nigerian senator says 228 killed in gunfight MAIDUGURI: A gun-battle between security forces and insurgents in Nigeria a week ago killed 228 people, a local senator said on Saturday, putting the death toll six times higher than the government's estimate. A large number of civilian deaths will fuel accusations that the military acted heavy-handedly and failed to protect bystanders and might also increase pressure on the government to seek a negotiated settlement with the rebels group Boko Haram. There have been conflicting death tolls from the April 19 operation carried out by joint forces from Nigeria, Chad and Niger against Boko Haram insurgents in the remote northeastern town of Baga. The Red Cross is investigating a report by locals that 187 people died, including many civilians, but defence spokesman Chris Olukolade said only 37 were killed. The military barred aid agencies from entering Baga for several days after the attack. The Red Cross and some other ...

Sudan rebels widen offensive KHARTOUM: Sudanese rebels swept through a major town in North Kordofan state, residents said on Saturday, widening an anti-government offensive in one of the insurgents' most audacious acts in years.North Kordofan has been largely free from the rebel activity taking place in the Darfur region to its west, and South Kordofan to its south."This is part of our strategy to overthrow the regime and we want to weaken the troops on the road towards Khartoum," ...
2013 inflation seen below central bank forecast PORT LOUIS: Mauritius' annual average inflation rate in 2013 is expected to fall below the central bank forecast of 4.7 percent to 4.9 percent, Finance Minister Xavier Duval said on Saturday. The rate is expected at 4.5 percent or 4.6 percent this year, Duval said, adding that the bigger concern is flagging economic growth in the Indian Ocean island state. Mauritius cut growth forecast from 3.7 percent to 3.5 percent last month, citing deeper contraction ...
Zimbabwe unlikely to seize mine stakes LONDON: Fears that Zimbabwe's government will strip foreign mines of half their assets without compensation are unfounded, according to Kalaa Mpinga, chief executive of Mwana, which has gold and nickel operations there. "There is a lot of noise but we're having a good conversation with the government," Mpinga said. A document seen by Reuters this week showed a draft proposal by President Robert Mugabe's party to amend its "indigenisation" law, by which foreign companies must ...
S.Africa sees record number of tourists JOHANNESBURG: A record 9.2 million tourists visited South Africa last year, President Jacob Zuma said Thursday, revealing a surge in visitors from China.The number of tourists travelling to South Africa grew by more than 10 percent, despite the global economic crisis."This phenomenal tourism growth is evidence that we are successfully setting ourselves apart in a competitive marketplace," Zuma said.Britons continued to come to South Africa in droves and were the most frequent visitors, followed by ...
Namibia keeps repo rate steady at 5.5pc JOHANNESBURG: Namibia's central bank left its lending rate steady at 5.5 percent for the fourth straight meeting on Wednesday, saying economic growth was strong while inflation was at manageable levels."The repo rate needs to remain low to support the economy and mitigate, as far as possible, the impact of endured slow growth in many of our trading partners," the Bank of Namibia said in a statement.The bank maintained its GDP forecast of 4.4 percent for ...
French embassy bombing 'terrorist act': Libya TRIPOLI: Libyan Foreign Minister Mohammed Abdel Aziz condemned Tuesday's car bomb attack on the French embassy in Tripoli, calling it a "terrorist act"."We strongly condemn this act, which we regard as a terrorist act against a brother nation that supported Libya during the revolution" of 2011 that ousted the regime of Moamer Kadhafi, Abdel Aziz told AFP at the scene of the blast.The car bomb wounded two French guards and caused extensive damage in the ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 20, 2015
Reserves $16.132 bln