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Ugandan presidential challengers freed after arrests KAMPALA: Police released two Ugandan presidential challengers late Thursday after they were arrested for planning campaign rallies without permission.The opposition leaders, ex-prime minister Amama Mbabazi and Kizza Besigye, a leader of the Forum for Democratic Change (FDC) party, are both hoping to challenge veteran President Yoweri Museveni in elections next year.Police spokesman Fred Enanga told the state-run New Vision newspaper that "the two politicians recorded statements and had since been released unconditionally."Police have made several warnings against holding public rallies without permission, with organisers required to submit details to the police at least three days before any meetings.Museveni, who has led the east African nation since 1986, has been endorsed by the ruling National Resistance Movement (NRM) to represent it in next year's election.But Mbabazi, a former close ally of the president, announced last month he would challenge the 70-year-old incumbent for the nomination.The move sparked criticism from the government, ...

Tanzanian parliament passes petroleum bill DAR ES SALAAM: Tanzanian lawmakers have passed a new petroleum bill that creates a regulatory and legal framework to manage discoveries and control of the East African nation's natural gas reserves and possible future oil finds, officials said.Tanzania has an estimated 55.1 trillion cubic feet of gas reserves, the second-largest in the region after Mozambique, and the new law is aimed at speeding up the development of the sector.It was passed late on Sunday amid ...
Egypt says 25 militants killed in air strikes as Sisi inspects troops ISMAILIA: Egyptian warplanes killed 25 Islamist militants in North Sinai on Saturday, security sources said, as the Egyptian president visited the province after a major escalation of the conflict there.The sources said the air strikes hit militant targets near the town of Sheikh Zuweid, destroying weapons and explosives caches.They also said security forces had found about half a tonne of explosives in a tunnel on the border between the Sinai and Gaza.Egyptian President Abdel Fattah ...
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 ...
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 ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln