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Kenya shuts down Somali remittance firms, freezes accounts NAIROBI: Kenya has suspended the licences of 13 Somali remittance firms following the massacre at a Kenyan university last week, Somalia's central bank governor said on Wednesday, and Kenyan media reported that dozens of bank accounts had been frozen.The killing of 148 students by Somalia's al Shabaab at Garissa, some 200 km (120 miles) from the border, has piled pressure on President Uhuru Kenyatta to deal with the militants who have killed more than 400 people in Kenya in the last two years.Kenya's biggest selling Daily Nation newspaper said on Wednesday that the government has "frozen the accounts of 86 individuals and entities suspected to be financing terrorism in the country", including Somali remittance firms.Somalia's central bank governor Bashir Issa Ali told Reuters that 13 Somali money transfer firms have been officially notified by Central Bank of Kenya (CBK) about the closure of accounts.He said the move would have a ...

Boko Haram disguised as preachers kill at least 24 in Nigeria MAIDUGURI: Boko Haram militants disguised as preachers killed at least 24 people and wounded several others in an attack near a mosque in northeast Nigeria's Borno state, a military source and witness said on Monday. The attackers arrived in cars late on Sunday and gathered people at a mosque in the remote village of Kwajafa, pretending to preach Islam. They then opened fire on them, witness Simeon Buba said. The group's six-year insurgency, and President ...
Seven killed in Boko Haram attack in Chad BAGA SOLA: Seven civilians were killed in an attack in Chad blamed on Nigerian Boko Haram rebels, officials said on Monday.The militants ambushed people on their way to a market in Tchoukou Telia near Lake Chad on Friday, Dimouya Souapebe, the deputy prefect of Baga Sola told AFP.Some of the victims had their throats cut while others were shot, he said.Improvised mines were later discovered along the road between Tchoukou Telia and Ngouboua close to ...
Zimbabwe's Mugabe ruling party fires former deputy Mujuru HARARE: Zimbabwean President Robert Mugabe's ruling ZANU-PF has expelled former vice president Joice Mujuru, completing the purging from national politics of a woman who only a year ago was seen as frontrunner to succeed the 91-year-old leader.Mujuru lost her positions in the party and government in December and had become an ordinary ZANU-PF member. ZANU-PF spokesman Simon Khaya Moyo said in a statement that the ruling party's top decision-making organ politburo had on Thursday agreed ...
Fortune runs out for Nigeria's Goodluck Jonathan LAGOS: Goodluck Jonathan's rise to the top of the pile in Nigeria's ruthless political world had been described as accidental -- a matter of good luck.But the amazing run of coincidence and chance that brought the son of a canoe-maker to the presidential villa in the capital Abuja, has come to an end, with his electoral defeat at the hands of challenger Muhammadu Buhari.The 57-year-old southern Christian -- the first head of state from the ...
At least 10 killed in Burundi landslides BUJUMBURA: Landslides in Burundi have killed at least 10 people after torrential rains, a local governor said Monday, revising downwards an earlier toll after eight were found alive."It is a disaster... dozens of houses were destroyed, crops have been washed away," said Jacques Minani, governor of the Bujumbura district, some 35 kilometres (20 miles) south of the capital.However, he revised an earlier toll of 18 dead, after saying that five of those believed killed had ...
Curfew in Nigeria's Rivers state over election tensions: state govt PORT HARCOURT: An overnight curfew was imposed in Nigeria's southern Rivers state as tensions ran high over local results of the country's general election, the state government said on Monday."The government has imposed a curfew in Rivers state from 7:00 pm (1800 GMT) to 6:00 am to prevent the breakdown of law and order because of the tense political situation," said information commissioner Ibim Semenitari.Rivers, in the oil-producing Delta region, is seen as a key ...

 



 
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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%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln