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Kenya lockdown as Obama comes to talk security, trade NAIROBI: US President Barack Obama arrives in his ancestral homeland Kenya late Friday, with a massive security operation under way to protect him from Al-Qaeda-linked Somali militants.Obama, making his first visit as president to his father's birthplace, will address an entrepreneurship summit and hold talks on trade and investment, security and counter-terrorism, and democracy and human rights.Parts of the Kenyan capital Nairobi have been locked down and airspace will be closed during the president's arrival late Friday and his departure late Sunday, when he travels up the Rift Valley to neighbouring Ethiopia, the seat of the African Union.At least 10,000 police officers, roughly a quarter of the entire national force, have been deployed to the capital.Excitement has been building in Kenya for weeks, with the visit painted as a major boost for the country's position as an African hub -- something that has taken a battering in recent years due ...

Volcano forces fresh shutdown of Bali airport DENPASAR: Ash spewing from a volcano closed the airport on the Indonesian resort island of Bali Wednesday for the third time this month, forcing the cancellation of flights and stranding tourists during peak holiday season.Mount Raung on Indonesia's main island of Java, which has been rumbling for weeks, sent an ash cloud floating over Bali that closed the island's Ngurah Rai airport, the transport ministry said. Two small airports on Java serving domestic routes were ...
Burundi's Nkurunziza: ex-rebel, born-again Christian who divided a nation BUJUMBURA: A former sports teacher, ex-rebel, born-again Christian and football fanatic, Burundi President Pierre Nkurunziza has divided the nation over his bid to secure a third term in office.Violent clashes between protesters and security forces began in April following the announcement that 51-year-old Nkurunziza, from Burundi's majority Hutu ethnic group, would stand for a third consecutive five-year term -- something his opponents say is a violation of the constitution and a peace deal that ended ...
Burundi's presidential election delayed to July 21 BUJUMBURA: Burundi's presidential election has been postponed to July 21 from July 15, a presidential spokesman said on Saturday, after African leaders called for a delay in a bid to resolve the nation's worst political crisis since a civil war ended in 2005.President Pierre Nkurunziza's announcement on April 25 that he planned to seek a third term in office triggered weeks of protests by opponents who say it violates the constitution. The president cites a ...
Ugandan presidential challengers freed after arrests KAMPALA: Police released two Ugandan presidential challengers late Thursday after they were arrested for planning campaign rallies without permission.The opposition leaders, ex-prime minister Amama Mbabazi and Kizza Besigye, a leader of the Forum for Democratic Change (FDC) party, are both hoping to challenge veteran President Yoweri Museveni in elections next year.Police spokesman Fred Enanga told the state-run New Vision newspaper that "the two politicians recorded statements and had since been released unconditionally."Police have made several ...
Tanzanian parliament passes petroleum bill DAR ES SALAAM: Tanzanian lawmakers have passed a new petroleum bill that creates a regulatory and legal framework to manage discoveries and control of the East African nation's natural gas reserves and possible future oil finds, officials said.Tanzania has an estimated 55.1 trillion cubic feet of gas reserves, the second-largest in the region after Mozambique, and the new law is aimed at speeding up the development of the sector.It was passed late on Sunday amid ...
Egypt says 25 militants killed in air strikes as Sisi inspects troops ISMAILIA: Egyptian warplanes killed 25 Islamist militants in North Sinai on Saturday, security sources said, as the Egyptian president visited the province after a major escalation of the conflict there.The sources said the air strikes hit militant targets near the town of Sheikh Zuweid, destroying weapons and explosives caches.They also said security forces had found about half a tonne of explosives in a tunnel on the border between the Sinai and Gaza.Egyptian President Abdel Fattah ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune-July
Trade Balance $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln