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Burundi government calls for 'frank' dialogue with opposition BUJUMBURA: An aide to Burundian President Pierre Nkurunziza on Thursday called for "a frank and constructive dialogue" with the opposition, who have driven weeks of street protests against his bid to stand for a third term.Nkurunziza's communications advisor, Willy Nyamitwe, said although the government considered the president's bid to be perfectly legal, he said for the first time that the matter was not "taboo"."It is true that during previous discussions, we have left the issue on the menu" during a summit of regional powers that was held in neighbouring Tanzania last Sunday, he told AFP."So this question (of a third mandate) should not come up again. But for the president, it is not a taboo subject," he added, urging the opposition to engage in "a frank, constructive dialogue" so that elections can be held.Although still standing by Nkurunziza's bid for re-election, the comments nevertheless mark a more conciliatory stance by ...

Burundi on the brink of economic collapse BUJUMBURA: During Monday's truce in anti-government protests, Renovat Ndayizeye was quick to try to reopen his stall in Jabe market in Burundi's capital. He has scarcely sold a single pair of shoes since demonstrations began weeks ago, and he is getting desperate."I haven't worked since the protests began, we are living on our savings, and now I have nothing," said the 26-year old salesman, surrounded by others who had taken advantage of a pause in ...
Guinea unrest hampering Ebola response: UN CONAKRY: The head of the UN mission on Ebola in Guinea on Monday said violence in the west of the country "jeopardised" the fight against the deadly virus.Around 60 people have been arrested as a result of unrest in the past week, according to local authorities and residents.The head of the UN mission (UNMEER) Abdou Dieng warned in a statement that the unrest had "jeopardised the treatment of people with the Ebola virus"."I call upon ...
Burundi president warns against another coup attempt BUJUMBURA: Burundi's President Pierre Nkurunziza, whose controversial bid to seek a third consecutive term has sparked weeks of civil unrest and a failed coup attempt, on Monday warned against any fresh move to try to unseat him.Addressing supporters in his hometown in the north of the country, Nkurunziza thanked those who backed him after a top general launched a failed coup while the president was out of the country in May for a summit.He "warned ...
Egypt road crash kills 13 policemen, 3 others CAIRO: Sixteen people were killed, all but three of them Egyptian policemen, in a collision between a police vehicle and a truck south of Cairo, authorities said on Saturday.The accident happened on Friday night along a stretch of road in Beni Suef province about 100 kilometres (62 miles) from the Egyptian capital.The police vehicle, which was carrying conscripts, crashed into the truck, sending the two vehicles into a roadside canal, said medics and the police."Sixteen ...
5.6 magnitude earthquake shakes Ecuador QUITO: A magnitude 5.6 earthquake shook parts of Ecuador early Saturday, though there were no immediate reports of damage or injuries. Ecuador's Geophysical Institute said the quake occurred at 01:26 am (0626 GMT) at a depth of 12 kilometers (7.5 miles) off the Ecuadorian coast.The quake was felt in the capital Quito and the coastal city Esmeraldas near Colombia.Despite the seismic event's strength, authorities said there was no immediate sign of damage.Copyright AFP (Agence France-Presse), ...
US condemns Burundi violence, calls for election delay WASHINGTON: The United States on Friday strongly condemned a grenade attack in the Burundi capital and called on President Pierre Nkurunziza to postpone legislative elections to avoid further unrest and violence.Weeks of unrest in Bujumbura continued Friday, when demonstrations against Nkurunziza saw two protesters shot dead and two others wounded in a separate grenade attack."The United States strongly condemns the May 29 grenade attack in Bujumbura, and the continued violence in Burundi," US State Department ...


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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 $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJune 25, 2015
Reserves $17.457 bln