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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), 2015 ...

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 ...
Nigeria's Jonathan starts handover to president-elect Buhari ABUJA: Nigeria's outgoing President Goodluck Jonathan on Thursday showed Muhammadu Buhari around his new quarters, as the former military ruler prepared to take over as elected head of state.The 57-year-old took Buhari and his vice-president-elect Yemi Osinbajo on a tour of the presidential villa, Aso Rock, in Abuja, before submitting his formal handover notes.Buhari, 72, defeated Jonathan in March 28 elections -- the first time in Nigeria's history that an opposition candidate had beaten a ...
Madagascar's parliament votes to dismiss president ANTANANARIVO: Madagascar's parliament voted overwhelmingly on Tuesday to dismiss President Hery Rajaonarimanpianina for alleged constitutional violations and general incompetence.The Indian Ocean island's constitutional court will now decide whether the decision to dismiss Rajaonarimanpianina can be enacted.The motion was backed by 121 of the 125 lawmakers who voted, easily clearing the two-thirds majority required.The parliament's speaker, Jean Max Rakotomamonjy, said after the votes were counted: "It is officially declared that everyone accepts that the request of ...


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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 $-1.998 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklySeptember 21, 2015
Reserves $18.726 bln