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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 country, is a UNESCO World Heritage Site that is home to many of the world's critically endangered mountain gorillas.The NGO also published what it said was a receipt for the cheques signed by the officer on May 15, 2014, along with another dated April 30, 2014, confirming he had received $26,650 (24,000 euros)."The government... has ordered the opening of an inquiry to verify the allegations" made by Global Witness, an official statement said.It noted that ...

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 ...
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 ...


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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 $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln