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Chad's UN envoy says Boko Haram 'more dangerous' than IS UNITED NATIONS: Chad's UN envoy on Wednesday voiced frustration over Security Council inaction on endorsing a regional force fighting Boko Haram, arguing that the Nigerian extremists are "more dangerous" than Islamic State fighters.Ambassador Mahamat Cherif told reporters that a draft resolution circulated last week to the 15-member council had hit a wall over a key provision invoking chapter 7 of the UN charter."I think Boko Haram is more dangerous than ISIS," said Cherif, using the acronym for the Islamic State group sowing violence and fear in Syria and Iraq."What we do for ISIS, we should do against Boko Haram."Chapter 7 allows member states to use all possible means to enforce a resolution including economic sanctions and military force to confront a threat to world peace and security.Diplomats told AFP that Nigeria had balked at the provision, dealing a major setback to weeks of negotiations on the draft resolution that would ...

S&P cuts Nigeria to B+ on weak oil, cites political risk ABUJA: Credit agency Standard & Poor's downgraded Nigeria's rating to B+ from BB- on Friday, saying the decline in oil prices in the past seven months had significantly affected the country's finances. Setting a stable outlook on the new rating, it also said political risk was a significant factor while the country's non-oil sector would support economic growth. Nigeria holds a presidential election on March 28 when Goodluck Jonathan will seek another term. He faces ...
DR Congo groups seek stronger UN presence ahead of polls KINSHASA: Nearly 180 civil society and rights groups have urged strengthened powers for the UN mission in DR Congo to ensure peaceful elections due in November and help end unrest in the country's volatile east. The appeal by the 179 groups came just ahead of the expiry of the UN mission's mandate at the end of the month, and in the wake of political unrest over fears President Joseph Kabila could seek to stay on ...
Egypt to end on-arrival visas for lone travellers: officials CAIRO: Egypt will stop issuing on-arrival visas to tourists travelling alone, officials said Tuesday, in a move aimed at bolstering border security but prompting fears that tourism revenues could be harmed.Groups travelling with tour operators will be exempted from the measure, which goes into effect on May 15, but others will have to apply at consulates abroad, tourism and foreign ministry officials said.The country is trying to woo back tourists after almost four years of ...
Egypt condemns to death Brotherhood chief, 13 others: state media CAIRO: An Egyptian court on Monday condemned to death Muslim Brotherhood leader Mohamed Badie and 13 other senior members of the banned movement, state media and lawyers said.The 14 members of the Brotherhood, which was declared a "terrorist organisation" in 2013, were found guilty of planning attacks against the state, according to the sources.Copyright AFP (Agence France-Presse), 2015 ...
South African minister killed in car crash JOHANNESBURG: South African cabinet minister Collins Chabane was killed in a car crash on Sunday, President Jacob Zuma said. Chabane was a minister in the President's office and a member of the ruling African National Congress (ANC) National Executive Committee."We are deeply shocked and saddened by this untimely death of an outstanding cadre of our liberation struggle and a competent, accomplished and dependable member of my cabinet," Zuma said in a statement.Chabane, in his capacity ...
Zambia's president recovering after surgery in South Africa LUSAKA: Zambia's new President Edgar Lungu has undergone surgery in a South African hospital to correct a narrowing of the oesophagus which caused him to fall ill a week ago, his spokesman said. Lungu underwent "a medical procedure" on Friday and he was expected to be discharged from the Pretoria hospital later on Saturday, spokesman Amos Chanda said in a statement. "Doctors have said the results of the procedure were good. The president has been ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln