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China's Xi meets South Africa's Zuma ahead of BRICS summit PRETORIA: Chinese President Xi Jinping met his South African counterpart Jacob Zuma on Tuesday in a state visit ahead of a BRICS summit of emerging powers.Xi and his wife received a 21-gun salute at the seat of government in Pretoria as he arrived for the meeting.The talks should see the signing of several agreements before the heads of states fly to Durban for the summit of the BRICS grouping of Brazil, Russia, India, China and South Africa.Trade between China and South Africa last year totalled $60 billion (47 billion euros) -- nearly one-third of total China-Africa trade.Xi will travel to the Republic of Congo after South Africa, his third stop on the continent as part of his first presidential foreign trip which began in Russia.Copyright AFP (Agence France-Presse), 2013 ...

Zambia's ex-president pleads not guilty to graft charge LUSAKA: Zambia's ex-president Rupiah Banda Tuesday pleaded not guilty to a charge of abuse of power linked to an oil contract signed while he was in office.He was arrested on Monday after being questioned by investigators over his role in a deal with a Nigerian firm."No my Lord, I deny the charge," Banda told Magistrate Joshua Banda.The former president was accompanied by his wife Thandiwe, and senior lawmakers from his party including opposition leader Nevers ...
127 prisoners escape in Nigerian jail attack: official KANO: One hundred twenty-seven prison inmates escaped when gunmen attacked their jailhouse in Nigeria's eastern Adamawa state, a prison chief said on Sunday. "A total of 127 inmates escaped following the attack. So far, we have not recaptured any of them," said Adamawa state prison chief Andrew Barka. Only one prisoner, who was shot and injured in the leg, was left behind in the prison in the town of Ganye after the Friday attack, he ...
Islamists battle Malian army for second day in Gao GAO: Fierce fighting between Islamist rebels and Malian and French forces raged for a second day in the northern Malian town of Gao on Sunday, residents said.The rebels attacked the north's largest town just days after French President Francois Hollande said Mali's sovereignty had almost been restored.It was the third major offensive there by Islamists since the town was retaken by a French-led military operation in late January."This time there are a lot of them ...
Egypt sees deal soon in OCI tax dispute: reports CAIRO: The Egyptian government is close to a deal with Orascom Construction Industries (OCI) over a tax dispute, the finance minister was quoted by local media as saying on Sunday.Al-Mursi Al-Sayed Hegazy said so far the agreement was for OCI to pay 7.1 billion Egyptian pounds ($1.04 billion), Al-Borsa and Al-Youm Al-Sabei newspapers reported.The Egyptian stock exchange briefly halted dealing in OCI's shares, before resuming trading after it received a statement from the company.In that ...
UN to transport Bozize KINSHASA: Democratic Republic of Congo's government asked the United Nations refugee agency (UNHCR) on Sunday for help transporting the family of Central African Republic President Francois Bozize after he fled his country, a UN official said. "(Government of DRC) has asked UNHCR to transport 25 family members of Bozize from (Congolese border town) Zongo to Gemena," the official, who asked not to be named, said via text message. Copyright Reuters, 2013 ...
Bollore, partners preferred bidder for I.Coast port expansion ABIDJAN: Ivory Coast has named a consortium of French industrial groups Bollore and Bouygues and Denmark's Maersk as the preferred bidder to operate a new container terminal, an official for one of the companies said.The West African nation plans to open a second container terminal in the commercial capital Abidjan one of Africa's busiest ports as part of a drive to make up ground lost to competitors during a decade-long political crisis."This new terminal project ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln