PSG Ready 91 Million Euro Bid For Ronaldo

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The French club are convinced that Ronaldo may leave Real Madrid in the summer and are already preparing a mega bid to land the three time Ballon D’Or winner.

Ronaldo has been incredible for Real Madrid this season but rumors flying round suggest that the Portuguese is far from happy at the Spanish capital and may be seeking a move as his agent, Jorde Mendes is up and about making negotiations over his future. Paris Saint-Germian are ready to move in and are preparing to bid about 91 million Euros for Ronaldo if Real Madrid would let him go as they on their own part might just be willing to let either Caveni, Ibrahimovic or Lavezzi go in the summer.

This might result in some serious negotiations over the next coming weeks but Ronaldo would most likely still be a Real Madrid player on the 1st of September, 2015.

 


Source: 360

Da Gea’s Future Is In His Hands: Van Gaal

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Louis Van Gaal told reporters today that Manchester United goalkeeper, David De Gea, who is being heavily pursued by Real Madrid would have the freedom to make the decision on where he wants to continue playing his football.

Van Gaal was speaking ahead of Manchester United’s weekend tie against Hull City which would be the final game of the season and he expressed optimism that the former Atletico Madrid shot stopper would remain at Old Trafford but he however conceded that it was the 22 year old’s choice. “I believe still that David de Gea shall stay,” Van Gaal said. “You know that I shall talk with [the players] maybe tomorrow, we’ll have a farewell drink. After the match, I have the Monday to talk, I have spoken to some players this week. You have to wait and see how these talks develop in terms of players staying or going.”

Manchester United would be looking to bring in a replacement if De Gea leaves and they are reportedly in the market looking at possible options.


Source: 360

Welbeck Might Not Make FA Cup Final

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Arsene Wenger revealed today that the Arsenal injury curse may just have caught up with Danny Welbeck as the former Manchester United forward could miss the FA Cup final with a knee injury.

Welbeck has not featured for Arsenal since April when he played in the goalless draw against Chelsea as he has battled with knee problem. Wenger however revealed today that the knee injury may continue until June and see him miss both the clash against Aston Villa at Wembley and England’s qualifier against Ireland. “If he is not available for the FA Cup final then I can’t see him being available for England,” Wenger told reporters. Wenger also revealed that he would be resting a fe players on Sunday to keep his squad fresh for the FA Cup final.

Oxlade-Chamberlain and Debuchy are also doubts for the final even though both players are back in training.


Source: 360

Former Footballer John Carew Makes Debut As An Actor

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Former Aston Villa forward, John Carew made his debut as an actor in this Norwegian gangster flick titled “Hovdinger”.

Carew who was an important part of Aston Villa’s set up from around 2006 to 2009 sent out a tweet about the movie which is set to hit cinemas on the 26th of June.

Below is a trailer of the movie


Source: 360

Queen Bee! Beyonce claims her title in sexy new photos

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Queen Beyonce just shut down competition in these new photos..She is also paying homage to the Beehive by rocking a sweater which defines Queen Bee as ‘someone who calls the shots”
It’s unknown if she intends to market the sweater..The Beehive are already crazy about it..

In Italy with Jay Z


Source: 15

Reading To Offload Aiyegbeni

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Reading may have made it to the semifinals of the FA cup but a terrible run in the championship that saw them finish in 19th place has forced manager, Steve Clarke to shake things up at the club and a few players have been told they can leave, among them is Nigerian veteran, yakubu Aiyegbeni.

Aiyegbeni who has 95 premier league goals to his credit from his time with Everton, Portsmouth, Middlesbrough and Balckburn Rovers has been disappointing in recent times with just one goal in his last seven games. Clarke told the 32 year old who is most popular for failing to score from two yards with an empty goal against South Korea at the 2010 World Cup that he is free to start looking for a new club.

Zat Knight, Danny Guthrie and Mikkel Andersen have also been told that like Aiyegbeni, they do not have any place in Reading’s future.


Source: 360

Sick! ISIS jihadi bride justifies kidnapping and raping Yazidi girls

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ISIS has released a chilling document in which it justifies the kidnapping and rape of slave girls – and brands Michelle Obama a prostitute whose ‘price won’t even exceed a third of a dinar’.

These shocking admissions are made by a jihadi bride in the ninth edition of its propaganda magazine Dabiq, in a feature entitled: ‘Slave girls or prostitutes.’

The hate-filled rant is penned by a suspected jihadi bride named Umm Sumayyah Al-Muhajirah, who called for her ‘sisters’ to emigrate to Syria and become wives to Islamic State extremists in the previous edition of Dabiq.

During her latest despicable five-page article, she even describes the First Lady of the United States as a prostitute.

Saying: ‘Who knows, maybe Michelle Obama’s price won’t even exceed a third of a dinar, and a third of a dinar is too much for her!’

And she openly admits that ISIS has plundered villages and kidnapped women, saying: 

‘As for the slave-girl that was taken by the swords of men following the cheerful warrior then her enslavement is in opposition to human rights and copulation with her is rape?!’What is wrong with you? How do you make such a judgment? What is your religion? What is your law? Rather, tell me who is your lord?’Allah has opened the lands for His awliya [supporter], so they entered and dispersed within the lands, killing the fighters of the kuffar [non-believer], capturing their women, and enslaving their children.’

 She angrily adds

‘I write this while the letters drip of pride… We have indeed raided and captured the kafirah women, and drove them like sheep by the edge of the sword.’

 Sumayyah Al-Muhajirah expresses deep disappointment to Islamic State fanatics who refuted the mass kidnappings of Yazidi girls, saying:

‘So the supporters started denying the matter as if the soldiers of the Khilafah [Caliphate] had committed a mistake or evil.’

 The maniacal jihadi bride claims in Dabiq that slave girls were ‘turned into hard-working, diligent seekers of knowledge after she found in Islam what she couldn’t in Kuffar [non-believer], despite the slogans of “freedom” and “equality”

‘We’re kind to them and we don’t force them to convert. Yes, this is our – as they allege – ‘savage’ Islam, ordering us with kindness even towards slaves.
I swear by Allah, I haven’t heard of nor seen anyone in the Islamic State who coerced his slave-girl to accept Islam… On the contrary, I saw all of those who accepted Islam had done so voluntarily, not against their will.

Culled from Dailymail 


Source: 15

MUSIC: Alvan C – Oyeze

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Alvan C is a Nigerian versatile artiste, based in the east. He switches genre from hip hop, R&b, highlife and dancehall but much concentrated on afro-hiphop.

Oyeze (meaning a king) is a highlife tune he used in praying to God to put him among the elites by making him a king, he also used it to thank those who have helped him over the years.

Note: There is a file embedded within this post, please visit this post to download the file.



Source: 360

Arsenal Fan Writes Queen Requesting For Tickets To See FA Cup Final, Gets Reply!

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An Arsenal fan, Charlie Pierce really wanted to see Arsenal take on Aston Villa at Wembley but couldn’t get tickets. He decided to seek help from the queen and wrote a letter. Guess what, he actually got a reply.

Although the Queen declined to help (or as her senior correspondence officer put it, was unable to), Charlie admitted that it was worth a try.


Source: 360

Are women too busy for romance really booking escorts instead? Market for male services triples in last five years

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Rising numbers of British women are paying for male escorts because they are too busy for conventional relationships, researchers are claiming.

A high proportion appear to be busy career women in their thirties and forties looking for a brief fling, they say.

And some even claim they want more than just time in the bedroom – and are prepared to pay for companionship, too.

Researchers say they have evidence that the market for male escorts has tripled in the past five years – eclipsing the rise in demand for female escorts.

They counted advertisement profiles by escorts of all sexes, and found that those by men rose from 5,246 in 2010 to 15,732 now.

Female profiles rose from 11,056 to 28,614 over the same period.

The study, led by academics at Lancaster University and Manchester Metropolitan University, claims the rise in online escorts shows women are increasingly using their phones and the internet to access sexual services.

Escorts who took part in the study claimed that many of their female clientele did not have the time for relationships.

And some women were thought to have paid for sexual services even though they were in a relationship so they could add excitement to their love life.

The study further suggests that many women who pay for sex take control of the situation and assert their sexual desires in advance.

Some women were thought to have paid for sexual services even though they were in a relationship so they could add excitement to their love life
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Some women were thought to have paid for sexual services even though they were in a relationship so they could add excitement to their love life

Dr Sarah Kingston, a lecturer in criminology at Lancaster University, said: ‘Our participants say most of the women who buy sex are professional people. Some female clients also seem to not want or have the time for a “conventional” relationship.
258B2EC700000578-3092084-image-a-54_1432255747138
‘In some instances women were very specific about the services they required.

‘This came across in some interviews with escorts who had one-to-one bookings with women.

‘Escorts relay how women with specific requests email their expectations ahead of meeting. Some women also pay for more than just sexual intercourse, they might go for a drink or meal with their chosen escort – described as the “boyfriend experience”.

‘It is also evident that women purchase sexual services as part of a couple.

‘The majority of the escorts interviewed see couples, stating they are booked for regular excitement and fun, or simply for a relationship treat.

‘In couples, some men appeared more nervous than their female partner.’

Source: sutbeatcom

Dencia premieres new video in Lagos(Photos)

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Dencia was in Lagos (Sheraton Hotels,Ikeja) today where she had a media parley and premiered her new video, African Energy. During the parley, the singer and businesswoman addressed several issues like why she won’t be featuring any Nigerian artist. She says they didn’t believe in her and even some she collaborated with didn’t end up shooting videos with her.

She also revealed she would be launching her next single as an international artist (in the US) because she doesn’t want to be confined to Nigeria or Africa.

Her impressive video celebrates African achievers including Lupita Nyong’o. When Miss Petite Nigeria asked if that meant her ‘beef with her is settled, Dencia said she had no issues with Lupita but had to fight back because her brand was being tarnished. She said Lupita has made history and that can’t be denied. She also said she has love for Lupita but stressed, no one can bring down her brand.

She left Lagos immediately  after the meeting! More details and official photos later


Source: 15

Woman Goes Ahead To Give Head At A Train Station

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A couple at a subway platform in Boston yesterday were carefreely engaging in oral sex as people passed by.

A man who was very disgusted by the act took a photo and shared it on Twitter and complained to the Massachusetts Bay Transportation Authority, demanding action.

“Dear MBTA, I understand you are having financial problems and it is difficult to maintain a broken system. However my tax dollars should be going to pay your police force because I shouldn’t have to stand next to a man receiving oral sex.” he tweeted

The police have since responded, saying that they are looking for the two people involved.


Source: 360

Civil Servant Attempts Suicide Over Unpaid Salaries

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Mr. Ojo Owolabi, a senior civil servant in the Obokun Local Government Area of Osun State, tried to kill himself by drinking a large quantity of insecticide.

It was gathered that Owolabi tried to kill himself because his salary hadn’t been paid for the last 6 months, hence was unable to feed his family. According to Punch, the incident which took place last Saturday caused panic in the neighborhood when the news spread that Owolabi had tried to commit suicide.

Owolabi, who is a sanitary officer at the council was receiving treatment at a hospital.

A source close to Owolabi said he became frustrated because he couldn’t take care of his family.

The source said: Baba Ibeji (Owolabi) drank herbicide. He was frustrated because he has been unable to feed himself and other members of his family. You are aware that the state government has not paid workers for some months now. I think he just lost hope and decided to take his life by drinking Gramoxone.

Members of his family rushed him to a hospital in Ile Ife, where he was admitted.

 


Source: 360

Van Gaal Believes De Gea Will Stay

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Van gaal is confident that United will retain the services of Spanish goalkeeper David de Gea.

The United manager has absolute belief that de Gea will stay at Old Trafford. As United are trying to get him to sign a new bumper contract, Real Madrid are doing everything in their power to pry him away from them.

“I believe still that David de Gea shall stay,” said the veteran Dutch boss ahead of United’s final game of the season, an away trip to the KC Stadium against the relegation-threatened Tigers.

“You know that I shall talk with [the players] maybe tomorrow, we’ll have a farewell drink.

“After the match, I have the Monday to talk, I have spoken to some players this week. You have to wait and see how these talks develop in terms of players staying or going.”


Source: 360

#DrunkInLove: Beyonce And JayZ Look Picture Perfect As They Stroll On The Streets Of Florence

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If we are to believe MTO and a few other gossip blogs, Beyonce and JayZ are not truly happy.

And we do know pictures can deceive but this pair look blissfully in love as they take a stroll in Florence, Italy.

Beyonce who was decked in oversized coat and a pair of distressed H&M jeans was looking beautiful by her man, multimillionaire record label executive, Shawn “JayZ” Carter.

Blue Ivy was nowhere in sight but the two seemed like they needed the time alone.

And even though they were joined by a group of tourists (we would too if we spotted Jay and Bey on our streets!), they still seemed very much into each other while mingling with the others.

Don’t you just love them?

B and J

Beyonce and Jayz

Bey and JayZ 2

And the last picture stays giving us life.

 

Photo credit: Dailymail


Source: 360

U.S Embassy Lists Major Reasons Why Nigerians Are Denied Visa

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Speaking with Punch, Consul General of the US embassy, William Laidlaw, has expressed that contrary to popular opinion, US visa application processes are not as stringent as people think. He stated that efforts are being made to improve visa processes better for Nigerians by decentralizing the process. He also revealed that one of the most common reasons why Nigerians are refused visa, is because of failure to show evidence of social and economic ties. below is get statement.

To really qualify for a visit to the US, you have to show you have social and economic ties sufficient to meet the immigration terms we have in our laws. To have those social and economic ties usually means somebody who has developed a career, developed a household and has done something to develop himself within Nigeria.

If you can establish your social and economic ties and we understand who you are in Nigerian context, that allows us to make an evaluation judgment; It’s very hard for very young people, I’m sorry, but that’s the way the law is written,” he said.

He also noted that at least 7,000 Nigerians are currently attending school in the United States, and that 66 percent of tourist visa applications were approved in 2014.

Source: sutbeatcom

Man City and Man United set for summer transfer BATTLE over Chelsea hero Arjen Robben

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The former Chelsea star is said to be keen on a new challenge having won three league titles and one Champions League with the German giants.

And, reports in Italy suggest the Manchester duo are the frontrunners for his signature.

Robben played at Stamford Bridge between 2004-07 winning two Premier League titles and the FA Cup.

And despite being 31 he is still regarded as one of the top players in the world and would command a fee of around £24million.

Robben worked with United boss Louis van Gaal during his time in charge of Holland – building his World Cup side in 2014 around him as they progressed to the semi-finals.

But it’s City who have the greatest need for wide players after United secured the signing of Memphis Depay.

Source: sutbeatcom

Unexploded Bomb Found Near Wembley Stadium. Tomorrow’s FA Cup Final Threatened

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Homes have been evacuated as the Army works to defuse an unexploded World War II bomb discovered near Wembley Stadium.
The 50kg explosive, which is believed to have been dropped over London during Nazi bombing raids in the the early 1940s, was discovered by builders working near the stadium.

The British Army has warned of a “genuine risk to life” as homes and businesses, reportedly including the studio in which the ITV show Britain’s Got Talent is filmed, were evacuated outside a 400-metre police cordon.

This bomb is a live munition in a potentially dangerous condition so it’s important that people listen to the police and evacuate their homes if asked.
We will do all we can to minimise the disruption but ask the public to bear with us – any bomb, even under a controlled explosion, could cause significant damage to property and there is a genuine risk to life.

Source: sutbeatcom

Ethiopia’s bullish economic outlook to boost ruling party’s chances of re-election

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VENTURES AFRICA – Ethiopia’s economy is expected to grow by 9.5 percent this fiscal year ending June and at 10.5 percent in the next fiscal year, the World Bank said today. It added that inflation will remain in single digits during this period, which will further boost the already bright chances of the ruling Ethiopian People’s Revolutionary Democratic Front (EPRDF) ahead of Sunday’s election.

At a time when oil-based economies were booming, Ethiopia had matched up their growth with the impressive performance of its services and agricultural sector. The country recorded an average annual growth rate of 10.8 percent in 2003/04 – 2012/13, just 0.2 percent short of the government’s target for the past five years.

Despite boasting one of the world’s highest growth rates, Ethiopia remains one of the poorest countries across the globe. However, EPRDF’s efforts at making the lives of Ethiopians is evident. The ruling party has embarked on several infrastructure projects since the 2005 post-election crisis. It has also launched a scheme to reduce soaring unemployment by funding small businesses. Lars Christian Moller, the World Bank’s lead economist and program leader for Ethiopia believes the slump in global oil prices can add more gains.

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Data from World Bank

“If lower oil prices are passed on to consumer in the form of lower fuel prices, it gives additional disposable income to consumers,” Moller said in Addis Ababa.

Moller said the service and agriculture sectors, along with the booming construction sector, are likely to drive growth in the next fiscal year. Inflation will average 7.2 percent this fiscal year, rising to 8.2 percent in the next.

Sunday’s election will be the first held under Prime Minister, Hailemariam Desalegn. He took office in September 2012 after the sudden death of Meles Zenawi, who had ruled for 21 years. But he is not expected to face much of a challenge. Apart from the accelerated economic growth of Ethiopia under the EPRDF, the ruling party boasts of a large support base of over six million members, as well as huge resources.

The closest to posing a real challenge is the Blue Party whose supporters have faced arrests, but the relatively new party remains confident it will snap up a lot of seats in the national legislature. While the EPRDF denies it interferes with the opposition, the government’s history of human rights abuse puts it on the spot. Press freedom is poor in the horn of African nation, where several journalists critical of the administration have been jailed.

But “Whatever else one may say about the ruling coalition, there is no denying the stability, economic growth, and development it has delivered,” said J. Peter Pham, head of Africa analysis at US think-tank the Atlantic Council.

Yeshi Assefa is one of the several Ethiopians who have gained from the government’s programmes and want the EPRDF to continue its 25-year rule. She was deported from Saudi Arabia in 2013 after leaving in search of greener pastures. But with the help of the government, Yeshi and 14 others now run a chicken farm. “Because the EPRDF government has done something for me I will vote for it,” she told The Guardian.

 

Source: jobd23

Clean Up Continues Along Santa Barbara Coast After ‘Nightmare’ Oil Spill

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An oil-covered lobster lies dead on the beach after an oil spill near Refugio State Beach on May 20, 2015 north of Goleta, California on the Santa Barbara coast. (David McNew/Getty)

Clean up continues along the Santa Barbara coastline after a ruptured pipe spilled more than 100,000 gallons of crude oil into the Pacific earlier this week.

According to an analysis from the Los Angeles Times, Plains Pipeline—the company in charge of the ruptured pipe—has racked up 175 over the last nine years. The company’s rate of violations per mile of pipeline is more than three times the national average. Environmental groups are starting to tally up the damage.

“This is a nightmare for the Santa Barbara Channel,” Kira Redmond, executive director of Santa Barbara Channelkeeper, told area station KPLU. “We’re devastated, and obviously very concerned about the immediate impacts to marine life and the environment.”

Source: sutbeatcom

The EAC is facing its biggest threat yet

VENTURES AFRICA – Formed in 1999, the the East African Community (EAC) was established with a vision of being prosperous, competitive, secure, stable and politically united East Africa. Landlocked Burundi is considered as the weakest link of the five countries that make up the bloc, but is ironically one of the biggest gainers in its shared prosperity. However, the current political instability ravaging socio-economic activities within Burundi threatens to plunge the poverty-ridden nation deeper into chaos, and its neighbours will be expected to endure a fair share of the consequences.

The economic growth of  countries over the past decade has been impressive at 6.2 percent. The Economic Commission for Africa (ECA) projected that the growth will continue in 2015 at 6.8 percent, driven largely by Uganda and Kenya. However, the crisis in Burundi, instigated by its president’s decision to further his political mission, is undermining the growth of the economic bloc.

The decision of Burundian President Pierre Nkurunziza to run for a third term in office has stoked tension, barely a decade after a historic peace accord ended years of civil war. Wide protests had followed his party’s choice of the former rebel leader for re-election in June. Some locals, however, argue that his candidacy violates the country’s constitution – which mandates a maximum two-terms.

President Nkurunziza remains defiant in his quest to seek another term despite local and international pressure on him to back down from contesting. Rather, the failed attempt by a faction of the military to unseat him, while he was away in Tanzania last week, seems to have strengthened his resolve.

The crisis in Burundi, however, continues, heightening fears in neighbouring countries of a spillover effect. “We are expecting if the situation in Burundi gets worse there could some economic effect on Uganda,” Nebert Rugadya, a business commentator in Kampala, told the BBC.

Burundi is important to the EAC’s regional economic plan which aims to create a single market. Projects worth billions of dollars show how committed the bloc is to develop the region’s economy. But crisis in Burundi, whose capital, Bujumbura is part of the trade routes the EAC wants to develop in the region, signals a setback.

François Conradie from the African economic consultants NKC paints a gloomy picture if the crisis continues. “If matters unravel further in Burundi then the Hutu-Tutsi dynamics which informed its civil war will come to the surface again, and play a role in tensions in the DRC’s Kivu provinces,” he told BBC. The conflict between ethnic Hutus and Tutsis at the time left around 300,000 people dead. President Nkurunziza was during the conflict among the mainly Hutu rebels fighting against the army, which was then dominated by the Tutsi minority. More than 112,000 refugees have already fled Burundi, most of them to Rwanda, Tanzania and the Democratic Republic of Congo as violence and intimidation of protesters continue.

Burundi, Kenya and Uganda, contribute troops to the African Union force fighting al-Shabaab in Somalia. The terrorists have retaliated by carrying out violent attacks in Kenya and Uganda. Nkurunziza said he was with leaders of the EAC to discuss this.

“You know that Burundi is among the countries that is contributing troops in Somalia and that’s why I came here to contact my friends and my fellow presidents in Kenya and Uganda and these countries are being targeted by al-Shabaab,” Nkurunziza said in French.

 

 EAC Average Real Growth Rate (in percent)  Source: World Economic Outlook, International Monetary Fund

EAC Average Real Growth Rate (in percent)…Burundi has always lagged
Source: World Economic Outlook, International Monetary Fund

Burundi’s economy has grown annually at over 4 percent since 2012, it remained stable last year at about 4.7 percent, riding on the back of a rebound in coffee production and growth of the construction industry. However, foreign investment in the country remain very low when compared with other countries in the EAC. According to  Transparency International, Burundi is among the most corrupt countries in the world, hence the reluctance of donors to invest in the country. Incessant conflict also discourage them from pumping in development funds. An average of $11.20 per inhabitant in FDI goes to members of the EAC, as against Burundi’s $0.04 per inhabitant, Katrin Wittig wrote.

Kermas group was one of the few foreign firms that took a bet on the east African nation, investing in its mining sector. The European firm is building a nickel and iron mine through the Burundi Mining Metallurgy Ltd. where it holds majority stake.

Kermas’s spokesperson Kreso Raguz told the BBC of the company’s sadness about the crisis in Burundi. “Burundi’s economy is something we are very interested in, as well as stability in that country and that is why we can only hope that a peaceful solution of these issues in Burundi will be found soon.”

Sadly, a peaceful solution seems far-fetched as the resolve of Burundians to ensure the president does not run for a third term is evident in their continued protests despite police crackdown. President Nkurunziza remains unperturbed as his only response to the violence in the country so far has been adding a week extension to the parliamentary election date. The presidential election is expected to still hold as scheduled, except the president listens to the advice of his Kenyan counterpart. Uhuru Kenyatta was reported to have advised Nkurunziza to postpone June’s presidential election due to the ongoing crisis. Already, the aid-dependent country has been hit by suspension of support from donors. The EU has withheld €2 million, out of the €8 million designated for elections. Belgium also said it would pull out of a €5 million police cooperation deal it jointly funds with the Netherlands.

According to the Africa Economic Report 2015, deficit in fiscal balances in East Africa is expected to slightly widen to 3.7 percent of GDP, partly caused by Burundi. This will be underpinned by high spending on military and civil servant salaries and public spending on imported goods.

The consequences of events in Burundi may be grave for the nascent economy, but it also poses a major setback to the progress achieved so far by the EAC. Leaders of the economic bloc should put more effort into helping Burundi solve its issues.

Source: job24

The EAC is facing its biggest threat yet

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VENTURES AFRICA – Formed in 1999, the the East African Community (EAC) was established with a vision of being prosperous, competitive, secure, stable and politically united East Africa. Landlocked Burundi is considered as the weakest link of the five countries that make up the bloc, but is ironically one of the biggest gainers in its shared prosperity. However, the current political instability ravaging socio-economic activities within Burundi threatens to plunge the poverty-ridden nation deeper into chaos, and its neighbours will be expected to endure a fair share of the consequences.

The economic growth of  countries over the past decade has been impressive at 6.2 percent. The Economic Commission for Africa (ECA) projected that the growth will continue in 2015 at 6.8 percent, driven largely by Uganda and Kenya. However, the crisis in Burundi, instigated by its president’s decision to further his political mission, is undermining the growth of the economic bloc.

The decision of Burundian President Pierre Nkurunziza to run for a third term in office has stoked tension, barely a decade after a historic peace accord ended years of civil war. Wide protests had followed his party’s choice of the former rebel leader for re-election in June. Some locals, however, argue that his candidacy violates the country’s constitution – which mandates a maximum two-terms.

President Nkurunziza remains defiant in his quest to seek another term despite local and international pressure on him to back down from contesting. Rather, the failed attempt by a faction of the military to unseat him, while he was away in Tanzania last week, seems to have strengthened his resolve.

The crisis in Burundi, however, continues, heightening fears in neighbouring countries of a spillover effect. “We are expecting if the situation in Burundi gets worse there could some economic effect on Uganda,” Nebert Rugadya, a business commentator in Kampala, told the BBC.

Burundi is important to the EAC’s regional economic plan which aims to create a single market. Projects worth billions of dollars show how committed the bloc is to develop the region’s economy. But crisis in Burundi, whose capital, Bujumbura is part of the trade routes the EAC wants to develop in the region, signals a setback.

François Conradie from the African economic consultants NKC paints a gloomy picture if the crisis continues. “If matters unravel further in Burundi then the Hutu-Tutsi dynamics which informed its civil war will come to the surface again, and play a role in tensions in the DRC’s Kivu provinces,” he told BBC. The conflict between ethnic Hutus and Tutsis at the time left around 300,000 people dead. President Nkurunziza was during the conflict among the mainly Hutu rebels fighting against the army, which was then dominated by the Tutsi minority. More than 112,000 refugees have already fled Burundi, most of them to Rwanda, Tanzania and the Democratic Republic of Congo as violence and intimidation of protesters continue.

Burundi, Kenya and Uganda, contribute troops to the African Union force fighting al-Shabaab in Somalia. The terrorists have retaliated by carrying out violent attacks in Kenya and Uganda. Nkurunziza said he was with leaders of the EAC to discuss this.

“You know that Burundi is among the countries that is contributing troops in Somalia and that’s why I came here to contact my friends and my fellow presidents in Kenya and Uganda and these countries are being targeted by al-Shabaab,” Nkurunziza said in French.

 

 EAC Average Real Growth Rate (in percent)  Source: World Economic Outlook, International Monetary Fund

EAC Average Real Growth Rate (in percent)…Burundi has always lagged
Source: World Economic Outlook, International Monetary Fund

Burundi’s economy has grown annually at over 4 percent since 2012, it remained stable last year at about 4.7 percent, riding on the back of a rebound in coffee production and growth of the construction industry. However, foreign investment in the country remain very low when compared with other countries in the EAC. According to  Transparency International, Burundi is among the most corrupt countries in the world, hence the reluctance of donors to invest in the country. Incessant conflict also discourage them from pumping in development funds. An average of $11.20 per inhabitant in FDI goes to members of the EAC, as against Burundi’s $0.04 per inhabitant, Katrin Wittig wrote.

Kermas group was one of the few foreign firms that took a bet on the east African nation, investing in its mining sector. The European firm is building a nickel and iron mine through the Burundi Mining Metallurgy Ltd. where it holds majority stake.

Kermas’s spokesperson Kreso Raguz told the BBC of the company’s sadness about the crisis in Burundi. “Burundi’s economy is something we are very interested in, as well as stability in that country and that is why we can only hope that a peaceful solution of these issues in Burundi will be found soon.”

Sadly, a peaceful solution seems far-fetched as the resolve of Burundians to ensure the president does not run for a third term is evident in their continued protests despite police crackdown. President Nkurunziza remains unperturbed as his only response to the violence in the country so far has been adding a week extension to the parliamentary election date. The presidential election is expected to still hold as scheduled, except the president listens to the advice of his Kenyan counterpart. Uhuru Kenyatta was reported to have advised Nkurunziza to postpone June’s presidential election due to the ongoing crisis. Already, the aid-dependent country has been hit by suspension of support from donors. The EU has withheld €2 million, out of the €8 million designated for elections. Belgium also said it would pull out of a €5 million police cooperation deal it jointly funds with the Netherlands.

According to the Africa Economic Report 2015, deficit in fiscal balances in East Africa is expected to slightly widen to 3.7 percent of GDP, partly caused by Burundi. This will be underpinned by high spending on military and civil servant salaries and public spending on imported goods.

The consequences of events in Burundi may be grave for the nascent economy, but it also poses a major setback to the progress achieved so far by the EAC. Leaders of the economic bloc should put more effort into helping Burundi solve its issues.

Source: job24