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Burundi president warns against another coup attempt BUJUMBURA: Burundi's President Pierre Nkurunziza, whose controversial bid to seek a third consecutive term has sparked weeks of civil unrest and a failed coup attempt, on Monday warned against any fresh move to try to unseat him.Addressing supporters in his hometown in the north of the country, Nkurunziza thanked those who backed him after a top general launched a failed coup while the president was out of the country in May for a summit.He "warned any person who tries to take power by overthrowing elected institutions", saying "any such attempt will go nowhere", a statement from the ruling CNDD-FDD party said.Nkurunziza also "called on party members to be vigilant so that the achievements of democracy are safeguarded," the statement added.The crisis in Burundi erupted in late April after the ruling party designated Nkurunziza, in power for 10 years, as its candidate in upcoming elections. Weeks of street protests, which were ...

Egypt road crash kills 13 policemen, 3 others CAIRO: Sixteen people were killed, all but three of them Egyptian policemen, in a collision between a police vehicle and a truck south of Cairo, authorities said on Saturday.The accident happened on Friday night along a stretch of road in Beni Suef province about 100 kilometres (62 miles) from the Egyptian capital.The police vehicle, which was carrying conscripts, crashed into the truck, sending the two vehicles into a roadside canal, said medics and the police."Sixteen ...
5.6 magnitude earthquake shakes Ecuador QUITO: A magnitude 5.6 earthquake shook parts of Ecuador early Saturday, though there were no immediate reports of damage or injuries. Ecuador's Geophysical Institute said the quake occurred at 01:26 am (0626 GMT) at a depth of 12 kilometers (7.5 miles) off the Ecuadorian coast.The quake was felt in the capital Quito and the coastal city Esmeraldas near Colombia.Despite the seismic event's strength, authorities said there was no immediate sign of damage.Copyright AFP (Agence France-Presse), ...
US condemns Burundi violence, calls for election delay WASHINGTON: The United States on Friday strongly condemned a grenade attack in the Burundi capital and called on President Pierre Nkurunziza to postpone legislative elections to avoid further unrest and violence.Weeks of unrest in Bujumbura continued Friday, when demonstrations against Nkurunziza saw two protesters shot dead and two others wounded in a separate grenade attack."The United States strongly condemns the May 29 grenade attack in Bujumbura, and the continued violence in Burundi," US State Department ...
French soldiers stalked by invisible enemy in Mali GAO: Based in Mali's inhospitable northern desert, French troops are waging an attritional campaign against a ghost-like, invisible enemy -- a master in the guerrilla art of hit-and-run.More than two years after the French-led Operation Serval routed militants advancing on the capital Bamako, armed groups in the area are no longer able to carry out coordinated attacks."Since Serval they have suffered high attrition rates. They no longer have freedom of action on the ground," the ...
Buhari to be sworn in as Nigeria president after historic win ABUJA: Muhammadu Buhari becomes Nigeria's new head of state on Friday, in an unprecedented ceremony after he won the first opposition victory over a sitting president in the nation's history.The 72-year-old takes charge of Africa's most populous nation, which is facing crises on several fronts, from severe economic turmoil to Boko Haram's still-raging insurgency. The inauguration, before visiting heads of state and dignitaries, comes 32 years after the former army general seized power in a ...
European Union suspends Burundi vote observer mission BUJUMBURA: The European Union said Thursday it was suspending its electoral observer mission to Burundi and warned that current conditions in the east African nation would not allow for credible polls in June.EU foreign policy chief Federica Mogherini "has decided, with my agreement, to suspend the deployment of the European Union Election Observation Mission," David Martin, the mission's chief observer, said in a statement.The statement said that "at the current time, conditions in Burundi do ...


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Banking Review 2014

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