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Ecuador court clears way for Correa third term QUITO: Ecuador's Constitutional Court gave lawmakers the green light on Friday to set new rules on term limits that would allow President Rafael Correa to extend his rule beyond 2017.The court said parliament may pursue amendments tabled by 16 deputies, including one that tweaks term limits to all elected offices, reports said.Ecuadoran lawmakers issued the proposals, which would allow presidents to seek unlimited terms, following a request from leftist leader Correa.In office since 2007, Correa was re-elected in February 2013 to a four-year term, the last he is currently allowed under the law.Ecuador's constitution, which was adopted by referendum under Correa in 2008, only allows two consecutive terms for public office holders, including the president.Correa has long claimed he has no intention of running for a third term, but in May asked the national assembly to modify the constitution to allow unlimited terms.On his Twitter account, opposition leader Guillermo Lasso ...

A term too far for plotter Compaore OUAGADOUGOU: Blaise Compaore, the long-serving president of Burkina Faso, took power in a coup in 1987 but quickly swapped the "democratic revolution's" Marxist ideals for authoritarian rule.The 63-year-old may have been re-elected four times since 1991, but it was often with dubious percentages of the vote.And it was his bid to extend his rule beyond three decades that led to his political downfall, as hundreds of thousands descended on the streets this week to demand ...
South Africa's high jobless rate reflects rigid labour market PRETORIA: South Africa's high unemployment rate is reflective of a rigid labour market, the central bank's Lesetja Kganyago said on Friday. "The nature of unemployment in South Africa is emanating from the structural constraints that we are facing and there is pretty little that monetary policy could do to sustainably bring down unemployment," Kganyago, who will take over as central bank governor next week, told a conference in Pretoria. "There are rigidities in our own ...
Zimbabwe opposition hopes to reboot and challenge Mugabe HARARE: Enfeebled by its electoral loss to veteran leader Robert Mugabe and a post-vote split, Zimbabwe's opposition Movement for Democratic Change meets on Friday to elect new leaders and forge a new plan against Mugabe's 34-year rule.MDC spokesman Nelson Chamisa said the two-day party congress, expected to attract 7,000 delegates, was likely to retain Morgan Tsvangirai as leader and, MDC members hope, see the embattled party emerge stronger."We are reinvigorating the party. It's going to ...
US hopeful of peaceful Burkina Faso transition WASHINGTON: The United States on Thursday said it hoped for a peaceful transition of power in Burkina Faso following a violent uprising sparked by anger at President Blaise Compaore's 27-year reign.The explosion of violence in Burkina Faso left around 30 people dead and 100 injured according to opposition figures, after tens of thousands protested Compaore's plans to extend his rule.The government eventually withdrew legislation which would have altered the constitution to allow Compaore to run ...
South Africa's jobless rate little changed at 25.4 percent in Q3 PRETORIA: South Africa's unemployment rate was little changed at 25.4 percent of the labour force in the third quarter of 2014 from 25.5 percent in Q2, data showed on Thursday. In its quarterly labour force survey, which polls households, Statistics South Africa said this amounted to 5.151 million people without work, down slightly from 5.154 million in the previous three months. It said the construction and mining sectors had added 135,000 and 19,000 jobs respectively ...
US offers condolences at death of Zambian leader WASHINGTON: The United States on Wednesday sent condolences to Zambia at the death of president Michael Sata, but stressed it believed there would be a peaceful political transition in the African nation."On behalf of the American people, Michelle and I send our condolences ... for the loss of President Michael Chilufya Sata," President Barack Obama said in a statement."The United States remains committed to our enduring friendship and partnership with Zambia, and strongly supports a ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln