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Sri Lanka tense after protesters torch leaders’ homes in night of unrest
A curfew is in force across Sri Lanka after mobs burned down homes belonging to the ruling Rajapaksa family amid mounting anger at the economic crisis.
The overnight violence capped a day of unrest that saw PM Mahinda Rajapaksa quit, but this failed to bring calm.
Crowds besieged his residence and tried to storm it – he was evacuated to safety in a pre-dawn operation amid tear gas and warning shots.
Seven people have died and more than 190 have been injured since Monday.
The island-wide curfew has been extended to Wednesday morning as authorities seek to quell the violence. Many protesters are still calling for President Gotabaya Rajapaksa, brother of Mahinda, to leave office.https://emp.bbc.com/emp/SMPj/2.44.15/iframe.htmlMedia caption, Watch: Tear gas and physical force disperse pro and anti-government protesters
Reports say more than 50 houses of politicians were burned overnight. Violence abated as day broke, although protests continued despite the curfew.
In the east, protesters gathered in front of Trincomalee Naval Base after unconfirmed reports that Mahinda Rajapaksa had gone there with family members after escaping from his Colombo residence.
Since last month Sri Lanka has been gripped by escalating demonstrations over soaring prices and power cuts.
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On Monday, government supporters clashed violently with protesters in the capital Colombo outside Mahinda Rajapaksa’s Temple Trees residence, and then at the main protest site at Galle Face Green.
Police and riot squads were deployed, and tear gas and water cannon were fired at government supporters after they breached police lines and attacked protesters using sticks and poles.
Angry demonstrators retaliated, attacking government supporters and targeting ruling party MPs, including one who shot two people after a mob swarmed his car and then killed himself, according to Sri Lankan police.
As the night went on, mobs of protesters across the country torched houses belonging to the Rajapaksas, various ministers and MPs. This included a house turned into a controversial museum by the Rajapaksas in the family’s ancestral village in Hambantota in southern Sri Lanka.
Footage posted on social media showed homes enveloped in flames as people cheered.
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Areas near the president’s official residence were also set ablaze, according to reports. A municipal lawmaker died in hospital after an attack on his house.
Following Mahinda Rajapaksa’s resignation, protesters attempted to breach the inner compound of Temple Trees where he was staying along with several loyalists, and set fire to a bus outside the home. Police fired shots in the air and tear gas in an attempt to disperse them.
Mr Rajapaksa was flown out of Colombo to an undisclosed location on Tuesday morning.
Elsewhere in Colombo, tensions remained high. Men armed with sticks and rods had established road blocks on the routes leading to and from the airport, and police and security forces – usually a common sight in the area – were nowhere to be seen, reports the BBC’s Anbarasan Ethirajan.
Sri Lanka is facing its worst economic crisis since gaining independence from Britain in 1948, and people are furious because the cost of living has become unaffordable.
The country’s foreign currency reserves have virtually run dry, and people can no longer afford essential items including food, medicines and fuel.
The government has requested emergency financial help. It blames the Covid pandemic, which all but killed off Sri Lanka’s tourist trade – one of its biggest foreign currency earners.
But many experts say economic mismanagement is also to blame.
Source:BBC News
The Global Network of Export-Import Banks and Development Finance Institutions (G-NEXID) successfully held its sixth (6th) Exchange Programme, hosted by the Ghana Export – Import Bank (GEXIM) Bank in Accra from March 22 to 23 March.
The event brought together member institutions, partner organisations and Ghanaian public entities to advance dialogue on South-South trade, investment and development finance, while also creating opportunities for knowledge-sharing and institutional cooperation.
Organised as a capacity-building and networking platform, the 2026 edition of the G-NEXID Exchange focused on GEXIM’s experience in developing innovative solutions to promote intra-African and extra-African trade.
It also highlighted trade and investment opportunities in Ghana, particularly in the context of the African Continental Free Trade Area (AfCFTA) and broader national development initiatives.
The Exchange Programme forms part of G-NEXID’s mandate to foster cooperation among export-import banks and development finance institutions in support of South-South trade and investment.
This 6th edition follows earlier successful programmes hosted by India Exim Bank (2016), BNDES (2017), Indonesia Eximbank (2018), Afreximbank (2019) and Saudi EXIM Bank (2025).
On the first day, participants were presented with G-NEXID institutional information and received an update on the Network’s 2026 work programme.
There were a series of substantive presentations, including an overview of the Ghanaian economy by the Ministry of Finance, with particular attention to debt-related challenges; a presentation by the Ghana Investment Promotion Centre (GIPC), on investment opportunities in the country; and institutional presentations by GEXIM and Development Bank Ghana (DBG) on their respective mandates, initiatives, products and services.
Discussions during the sessions underscored strong interest in sector-focused webinars and business dialogues, particularly in agribusiness value chains such as poultry and rice.
Participants also emphasized the importance of continued information exchange and the sharing of best practices, especially in the area of guarantees.
The second day opened with a presentation on the 24-Hour Economy and Accelerated Export Development Programme, a national economic transformation strategy launched by President John Dramani Mahama in July 2025.
The initiative aims to enhance economic productivity through continuous industrial activity, accelerated export development and strategic import substitution.
As the programme is expected to mobilise both private and development capital, it presents concrete opportunities for G-NEXID members in areas such as co-financing, guarantees, trade finance and technical cooperation.
The programme also featured institutional presentations by guest organisations, namely the African Guarantee and Economic Cooperation Fund (FAGACE) and the West African Development Bank (BOAD), which shared their mandates, initiatives, products and services.
Following these exchanges, the G-NEXID Secretariat held bilateral discussions with both institutions as part of the Network’s ongoing membership drive.
Participants further benefited from a presentation by the Eastern and Southern African Trade and Development Bank (TDB), as well as a showcase of GEXIM’s key pipeline projects.
On the margins of the Exchange Programme, G-NEXID members also held their 20th Annual General Assembly Meeting to review progress and discuss strategic priorities.
Following the event, participants joined the GEXIM@10 International Conference, held from March 24-25, 2026 under the theme, “A Decade of Enabling Export Trade and Industrial Transformation: Resetting GEXIM for the Next Frontier.”
The conference provided an important platform for exploring how Ghana can strengthen its transition from a primary commodity exporter to a more competitive player in value-added trade and industrial development.
Source – G-NEXID
President John Dramani Mahama on Tuesday, March 31, 2026, signed five bills including three amendment bills passed by Parliament into law.
They are: Security and Intelligence Agencies Bill, 2025; University of Engineering and Agricultural Sciences Bill, 2025; Ghana Deposit Protection (Amendment) Bill, 2025; Growth and Sustainability Levy (Amendment) Bill, 2026; and Education Regulatory Bodies (Amendment) Bill, 2026.
In a brief remark after assenting to the bills, President Mahama explained that the Security and Intelligence Agencies Act, 2026, scraps the Office of Minister of National Security and frees the President’s to appoint any Minister to supervise the security agencies.
He said it also reverses the name of the office of National Intelligence Bureau (NIB), to the original name, Bureau of National Intelligence, (BNI).
This the President said, addresses the confusion between that security agency and a well-known Ghanaian financial institution, the National Investment Bank.
President Mahama also noted that the University of Engineering and Agricultural Sciences Act, 2026, establishes another University in the Eastern Region, at Bonsu, with three campuses – the main campus at Bonsu in the Eastern Region, with the second campus to be cited at Ohawu in the Oti Region.
The third, the Presdient assed will be located at Acherensua in the Ahafo Region.
Touching on the Amendment to the Growth and Sustainability Levy Act, the President said, “As you’re aware, the act was amended to increase it from 1% to 3%, and so this act reduces it again. That is the levy on mining companies. It reduces it again to 1%, because of the introduction of the sliding scale of royalties.”
He also spoke to the passage of the Government Education Regulatory Bodies Amendment Act, emphasising that amends Act 1023 to grant greater flexibility to private tertiary institutions and the option to Charter.
The Ghana Deposit Protection Amendment Act, the President concluded, is an amendment to an original act that was supposed to guarantee deposits held in commercial banks or financial institutions.
It basically expands protection to include mobile money wallets and other digital platforms, ensuring a wider scope of digital financial assets are secured.
The signing ceremony, was witnessed by the Clerk of Parliament, Mr. Ebenezer Ahumah Djietror, Secretary to the President, Dr Callistus Mahama, the Minister of Justice and Attorney General, Dr Dominic Akrutinga Ayine, Chief of Staff, Julius Debrah, Joyce Bawa Mogtari, a Senior Presidential Advisor and a Special Aide to the President, Finance Minister, Dr Cassiel Ato Baah Forson, and the Vice President, Professor Jane Naana Opoku Agyemang.
