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Hollande invites African leaders to security summit ADDIS ABABA: French President Francois Hollande on Saturday invited African leaders to a "peace and security" summit later in the year."I invite all African leaders to Paris for a meeting that will be devoted to peace and security and therefore in some way also, the fight against terrorism," he told reporters on the sidelines of African Union celebrations to mark 50 years of a continental bloc.Copyright AFP (Agence France-Presse), 2013 ...

Niger president says militants came from Libya PARIS: The attackers who staged deadly twin bombings at an army base and French-run uranium mine in northern Niger came from neighbouring Libya, Niger's President Mahamadou Issoufou said on Saturday."The attackers, according to all the information we have received, came from Libya, from the south of Libya," Issoufou told television channel France 24."Libya continues to be a source of destabilisation for the countries of the Sahel," the semi-arid band of territory that crosses Africa south ...
Kerry accuses Sudan leader of repression in war-torn regions ADDIS ABABA: US Secretary of State John Kerry Saturday accused Sudanese President Omar al-Bashir of repressing the people of the South Kordofan and Blue Nile regions and trying to impose Islamic rule on them.In both regions "you have people who for a long time have felt that they want their secular governance and identity respected," Kerry told reporters on the sidelines of an African Union summit.The US top diplomat insisted people in the war-torn areas ...
African Union opens 50th anniversary celebrations ADDIS ABABA: African leaders on Saturday opened celebrations for the 50th jubilee of the continental bloc, with Africa's myriad problems set aside for a day to mark the progress that has been made.African Union Chairman and Ethiopian Prime Minister Hailemariam Desalegn, in a speech to open the ceremony, said the celebrations would look forward to "create a continent free from poverty and conflict and an Africa whose citizens enjoy a middle income status."Today's 54-member AU ...
Burundi Q1 trade deficit widens to $197.3mn BUJUMBURA: Burundi's trade deficit widened to $197.3 million in the first quarter from $131.4 million in the same period of 2012 as imports rose sharply, the central bank said on Friday.Export revenues nudged 1.4 percent higher, to $33.4 million, while import costs surged 43.3 percent to $218.9 million.Dependence on imports and a weak currency are seen as the main economic weaknesses for the central African country of more than 8 million people.Burundi's franc fell 14 ...
Africa backs Kenya call for Hague court to drop Kenyatta case ADDIS ABABA: African nations have backed a request by Kenya for charges of crimes against humanity by its president to be referred back to the east African country, African Union documents show.President Uhuru Kenyatta and his deputy, William Ruto, are both facing trial in the International Criminal Court (ICC), accused of masterminding ethnic bloodshed in post-election violence five years ago that killed more than 1,200 people. Both deny the charges.One minister, who asked to remain ...
South Africa's Khoisan people demand recognition JOHANNESBURG: South Africa's first inhabitants, the Khoi and San people, want official recognition of their identity and reject the mixed-race tag they've been carrying since the end of apartheid, a leader has said.The country's first indigenous people want to benefit more from policies to address abuses under white minority-rule, provincial leader Raymond Trollip said at a conference."Our black brothers and sisters drive nice cars and live in nice houses and we are lower down the ...

 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyMay
Trade Balance $-2.171 bln
Exports $2.175 bln
Imports $4.346 bln
WeeklyJune 17, 2013
Reserves $11.446 bln