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South Africa opposition leader steps down JOHANNESBURG: South Africa's opposition leader Helen Zille announced Sunday she would step down from her position at the party congress next month.Her departure is seen by many as an opportunity for a black leader to take the helm of Democratic Alliance as it continues its crusade to win black support.Zille, a white woman who has been the DA leader since 2007, said her decision not to stand for re-election was in the interests of the party."Facing the upcoming congress I have spent months wondering whether it is time to go now... therefore, (I) decided not to make myself available for re-election as leader at the forthcoming congress," she said in a statement.The 64-year-old said she would however remain premier of the Western Cape, which includes the city of Cape Town, and the only region not governed by the opposition.Her term as premier expires in 2019.The former journalist has been credited ...

Nigeria votes for state governors, local assemblies LAGOS: Nigeria votes in gubernatorial and state assembly polls on Saturday, bringing to an end a remarkable election cycle that saw the first win for an opposition presidential candidate in the country's history.Governorship elections are being held in 29 of Nigeria's 36 states and in local assemblies in all states, with polls due to open at 8:00 am (0700 GMT) for registration and voting getting underway in the afternoon.The ruling Peoples Democratic Party (PDP) is ...
Sudan's Bashir: political survivor wanted for war crimes KHARTOUM: Sudanese President Omar al-Bashir, who is running for reelection on Monday.Vilified by many in the West for hosting al Qaeda in the 1990s and for alleged war crimes in Darfur, he oversaw South Sudan's secession in 2011.The 71-year-old has proved to be a cunning political operator.While indicted twice by the International Criminal Court, he has strengthened his hand at home and abroad.Parliament granted him greater powers last year and recent diplomatic successes have left ...
Mugabe in South Africa for first state visit in 20 years PRETORIA: Zimbabwean President Robert Mugabe visited South Africa on Wednesday in his first state trip to the country since 1994 as he seeks to drum up foreign investment to revive his nation's moribund economy.Mugabe, 91, who was accompanied by his wife Grace, has visited South Africa regularly in the past but his two-day stay will be his first official state visit in 21 years.Zimbabwe's economy has been on a downturn for more than a decade ...
Kenya shuts down Somali remittance firms, freezes accounts NAIROBI: Kenya has suspended the licences of 13 Somali remittance firms following the massacre at a Kenyan university last week, Somalia's central bank governor said on Wednesday, and Kenyan media reported that dozens of bank accounts had been frozen.The killing of 148 students by Somalia's al Shabaab at Garissa, some 200 km (120 miles) from the border, has piled pressure on President Uhuru Kenyatta to deal with the militants who have killed more than 400 ...
Boko Haram disguised as preachers kill at least 24 in Nigeria MAIDUGURI: Boko Haram militants disguised as preachers killed at least 24 people and wounded several others in an attack near a mosque in northeast Nigeria's Borno state, a military source and witness said on Monday. The attackers arrived in cars late on Sunday and gathered people at a mosque in the remote village of Kwajafa, pretending to preach Islam. They then opened fire on them, witness Simeon Buba said. The group's six-year insurgency, and President ...
Seven killed in Boko Haram attack in Chad BAGA SOLA: Seven civilians were killed in an attack in Chad blamed on Nigerian Boko Haram rebels, officials said on Monday.The militants ambushed people on their way to a market in Tchoukou Telia near Lake Chad on Friday, Dimouya Souapebe, the deputy prefect of Baga Sola told AFP.Some of the victims had their throats cut while others were shot, he said.Improvised mines were later discovered along the road between Tchoukou Telia and Ngouboua close to ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln