By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AIT LIVEAIT LIVEAIT LIVE
  • Live TV
  • Politics
  • National News
  • Business
  • Sports
  • Tech
  • Entertainment
  • Global
  • Videos
Font ResizerAa
Font ResizerAa
AIT LIVEAIT LIVE
Search AIT
  • Live TV
  • Politics
  • National News
  • Business
  • Sports
  • Tech
  • Entertainment
  • Global
  • Videos
Follow US

Sri Lanka Economy: President flees as thousands of persons protest worsening situation

Last updated: July 9, 2022 6:21 pm
3 years ago
Share
1 Min Read
Sri Lanka
Sri Lanka Economy

Thousands of persons have stormed the presidential palace in the Sri Lankan capital, Colombo in protest over the worsening economic situation in the country.

President Gotabaya Rajapaksa has already fled the expansive mansion even as Police fired shots in the air but could not stop crowds from overrunning the residence.

Also Read: Ondo Poly Students protest alleged killing of colleague by Amotekun
Sri Lanka protest
25srilanka 1

The Prime Minister Ranil Wickremesighe has reportedly agreed to resign to make way for an all-party government.

The country has run out of foreign currency and is struggling to import basics like fuel, food and medicine.

Long queues stretching for kilometers are seen across the country.

The blame has been put at the doorstep of the Rajapaksa family, which has been in power for years, for mismanaging the economy and borrowing heavily from overseas.

(Editor: Nkoli Omhoudu)

Share This Article
Facebook Twitter Whatsapp Whatsapp Email Print

RSS APO Group – Africa-Newsroom: latest news releases related to Africa

  • Mercy Ships Celebrates a Year of Growth, Partnership, and Transformative Surgical Care December 26, 2025
  • Ministry of Finance Ghana and Afreximbank announce successful resolution of US$750 million facility December 26, 2025
  • TECNO Brings Immersive Fan Experience to Africa Cup of Nations (AFCON) 2025 with Pop-Up Stores and Interactive Zones Across Morocco December 26, 2025
  • Jokpeme Joseph Omode, Founder of Alexa News Network, Extends Heartfelt Christmas Greetings to Christians Worldwide with Message of Hope and Gratitude — Appreciates Partners, Readers, and Global Audience December 26, 2025
  • Statement of the Chairperson of the African Union Commission on the Tragic Loss of Senior Libyan Military Officials December 24, 2025

Trending

Insecurity
Coalition of Northern Youths threaten mass action over insecurity
Local
aitlive 3 5
NAPTIP rescues 12-year-old girl forced into marriage in Benue State
Local
aitlive 1 33
President Tinubu vows to end Nigeria’s reliance on borrowing, targets 18% rise in Tax to GDP ratio
Economy Headlines
aitlive 7 1
Tinubu Meets Ayim, Metuh At Presidential Villa
Local
AIT IMAGES 4
Zamfara Govt. Pledges To Prioritise Girl-Child Education
Local

Section

  • Headlines
  • Local
  • Business
  • Politics
  • Sports
  • Crime
  • Education
  • Health
  • Entertainment

Programmes

  • Kakaaki
  • Focus Nigeria
  • Democracy Today
  • People Politics and Power
  • News Hour
  • AIT Reports
  • World News
  • Moneyline With Nancy
  • Jigsaw

About Us

  • About AIT
  • Our History
  • Our Awards
  • Our Values
  • Privacy Policy


Follow US
© AIT.LIVE. All Rights Reserved.
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

THE MOST IMPORTANT NEWS HEADLINE AND EVENT OF THE DAY

Subscribe to our mailing list to receive daily news update direct in your inbox!

Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?