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25 killed in two Egypt road accidents CAIRO: Twenty-five people were killed and 29 others injured on Sunday in two separate road accidents in Egypt, where poor road and traffic regulations kill thousands each year, officials said.One accident took place on the highway linking Cairo to the Mediterranean coast further north when a minibus collided with a truck killing 13 people and injuring four, said a health ministry official.Twelve people were killed and 25 injured in the other accident when a bus overturned near the Red Sea resort town of Hurghada, medics and security officials said.The driver of the bus, which was carrying hotel employees from Hurghada to Cairo, apparently lost control of the vehicle causing it to overturn, they said.Traffic accidents are common in Egypt, where roads are often poorly maintained and traffic regulations little enforced.The World Health Organisation says they account for nearly 12,000 deaths annually. Copyright AFP (Agence France-Presse), 2015 ...

DR Congo opens probe after NGO accuses UK firm of bribery KINSHASA: Kinshasa said on Friday it had opened an investigation after an NGO alleged a British energy company paid off an army officer accused of silencing critics of exploration in a Congolese national park.Global Witness, a British NGO, on Wednesday published scans of four cheques totalling $15,600 (14,000 euros) allegedly issued by a Congolese subsidiary of Soco International to an army major posted to Virunga National Park.The park, which lies in the east of the ...
Leaders at African summit expected to avoid migration troubles JOHANNESBURG: Despite growing pressure to address the tragedy of African migrants drowning in the Mediterranean, the African Union is unlikely to offer any home-grown solutions to the crisis, say analysts.Refugees will be discussed in a closed session at the first day of the African Union summit on Sunday, in anticipation of a meeting with the European Union in the latter half of this year.But African leaders, many of whom routinely flout human rights, are accused ...
Death toll now 31 in NE Nigeria market blast KANO: At least 31 people were killed when an explosion ripped through a busy market in the northeast Nigerian city of Yola, an emergency official said on Friday."So far, we have 31 dead victims and 38 people in hospital receiving treatment" as a result of Thursday's blast, the National Emergency Management Agency's coordinator in the city Sa'ad Bello told AFP."Some whose injuries were not severe were discharged," he added.The blast happened at about 7:40 pm ...
Burundi government calls for 'frank' dialogue with opposition BUJUMBURA: An aide to Burundian President Pierre Nkurunziza on Thursday called for "a frank and constructive dialogue" with the opposition, who have driven weeks of street protests against his bid to stand for a third term.Nkurunziza's communications advisor, Willy Nyamitwe, said although the government considered the president's bid to be perfectly legal, he said for the first time that the matter was not "taboo"."It is true that during previous discussions, we have left the issue ...
Burundi on the brink of economic collapse BUJUMBURA: During Monday's truce in anti-government protests, Renovat Ndayizeye was quick to try to reopen his stall in Jabe market in Burundi's capital. He has scarcely sold a single pair of shoes since demonstrations began weeks ago, and he is getting desperate."I haven't worked since the protests began, we are living on our savings, and now I have nothing," said the 26-year old salesman, surrounded by others who had taken advantage of a pause in ...
Guinea unrest hampering Ebola response: UN CONAKRY: The head of the UN mission on Ebola in Guinea on Monday said violence in the west of the country "jeopardised" the fight against the deadly virus.Around 60 people have been arrested as a result of unrest in the past week, according to local authorities and residents.The head of the UN mission (UNMEER) Abdou Dieng warned in a statement that the unrest had "jeopardised the treatment of people with the Ebola virus"."I call upon ...

 



 
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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