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Ugandan inflation rises in Feb on non-food prices KAMPALA: Uganda's inflation rose in February, inching higher on an increase in non-food prices, the Uganda Bureau of Statistics said on Friday.The statistics office said year-on-year inflation went up to 1.4 percent from 1.3 percent in January, driven by a rise in core inflation to 3.0 percent from with 2.7 percent.The bureau said the rise in core inflation - which excludes food, fuel, electricity and metered water - was attributed to rising prices of items like cement and education services.Earlier this month, central bank Governor Emmanuel Tumusiime-Mutebile said he expected core inflation to rise to between 4 and 6 percent over the next year.On a monthly basis, the statistics office said overall inflation rose by 0.4 percent.Copyright Reuters, 2015 ...

Nigeria's Buhari vows to 'lead from the front' against Boko Haram LONDON: Nigerian presidential candidate Muhammadu Buhari on Thursday vowed to "lead from the front" in the fight against Boko Haram if elected in the country's forthcoming election.The former military ruler, who rejected descriptions of him as a "dictator", also argued against further delays to the election and said a free, fair and peaceful vote would boost democracy in Africa.The 72-year-old from the All Progressives Congress (APC) opposition has been seen as neck-and-neck with President Goodluck ...
One dead in Cairo bomb blasts CAIRO: One person was killed in a bomb explosion outside a pizzeria in the Egyptian capital Thursday, after three other blasts hit offices of cell phone companies, a health official said.The bomb tore off the legs of the victim who was pronounced dead in hospital, health ministry spokesman Hossam Abdel Ghaffar told AFP. Two other people were wounded.Copyright AFP (Agence France-Presse), 2015 ...
Ebola-hit Liberia no longer America's forgotten stepchild DAKAR: As Liberia's president visits the US Senate on Thursday to thank Americans for their pivotal role in the Ebola recovery, she will reflect on a sometimes fractious relationship spanning two centuries.Ellen Johnson Sirleaf is due to address senators before meeting US President Barack Obama Friday to discuss the recovery from an outbreak which has claimed 9,500 lives.Of the West African nations afflicted by the disease, Liberia -- where more 4,000 people have died -- ...
Over 2,000 workers strike at Barrick Gold Zambia copper mine LUSAKA: Over 2,000 unionised workers at the Lumwana copper mine owned by Barrick Gold Corp. downed tools on Monday demanding an explanation of their fate when the company closes the operation, a senior government official said. "They are demanding to know their future when the mine is closed," Amos Malupenga, the top civil servant in North-Western province, told ReutersCopyright Reuters, 2015 ...
Egypt's Sisi vows to free wrongly jailed 'youths' CAIRO: President Abdel Fattah al-Sisi promised Sunday to release young people who may have been wrongly jailed during Egypt's crackdown on the opposition since he overthrew his Islamist predecessor in 2013.In an almost 40-minute televised address, Sisi also said the jihadist targets that his country's air force struck in neighbouring Libya last week had been carefully chosen to avoid civilian casualties.Sisi has come under increasing criticism for a deadly crackdown on Islamists that has also ...
World's oldest leader Mugabe triumphant ahead of 'obscene' birthday bash HARARE: The world's oldest leader, Zimbabwe's President Robert Mugabe, turns 91 on Saturday with much to celebrate -- even as critics condemn as "obscene" his lavish birthday party plans in a country he is accused of plunging into poverty.After years of international criticism, the European Union is resuming aid to the country and has already lifted sanctions on some senior government figures, while Mugabe has taken up the rotating chair of the African Union."To put ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln