|
Economy
| Last Updated 02/09/2010 21:26:00
|
|
|
|
 | Gambiaâ?s economic growth to ease slightly in 2010 | | Banjul, Gambia (PANA) - Gambiaâ?s economy is projected to grow by 5.0 per cent
in 2010, compared to 5.6 per cent in 2009, despite the effects of the global eco
n
omic crisis on the service and manufacturing sectors, wholesale and retail trade
,
Momodou Bamba Saho, Governor of the Central Bank of the Gambia, said on Thursda
y
.
02/09/2010 full text... |
|
|
|
|
|
|
|
|
| US dollar dips against Libyan dinar | | Tripoli, Libya (PANA) - The US dollar slightly depreciated, while the euro appre
ciated against the Libyan dinar, according to the latest exchange rates publishe
d
here Thursday by the Libyan Central Bank (BCL).
02/09/2010 full text... |
|
|
| 'Mauritius needs lots of capital for project financing' | | Port-Louis, Mauritius (PANA) - Mauritian Finance and Economic Development Minist
er Pravind Jugnauth said Thursday that the need for financing in the island is e
x
pected to grow at a fast pace over the next 10 years, depending on the impact of
the euro-zone crisis and other such global events, PANA reported from here.
02/09/2010 full text... |
|
|
| Latest exchange rates for the Comorian franc | | Moroni, Comoros (PANA) - The Comorian franc appreciates against the US dollar an
d declines against the British pound, while being stable
against the Swiss franc, according to the exchange rates bulletin issued Thursda
y by the Federal Bank of Commerce (BFC) of Moroni.
02/09/2010 full text... |
|
|
| Latest exchange rates for CFA franc | | Libreville, Gabon (PANA) - Following are the latest exchange rates for the CFA f
ranc of the Bank of the Central Africa States (BEAC), according to the exchange
r
ates bulletin issued Thursday by the financial institution in Libreville.
02/09/2010 full text... |
|
|
|
|
|
|
| Zimbabwe turns down US$50b loan offer | | Harare, Zimbabwe (PANA) - Authorities in Zimbabwe said Thursday they had turned
down a US$50 billion loan offer by an
obscure South African company on suspicion the firm was involved in money launde
ring.
02/09/2010 full text... |
|
|
|
|
|
|
| Ghana targets US$ 5bln for non-traditional exports | | Accra, Ghana (PANA) - Ghana is formulating a five-year national export strategy
to focus mainly on increasing non-traditional export earnings from the current U
S
$ 1.2 billion to US$ 5 billion by 2015, the Minister of of Trade and Industries,
Ms Hanna Tetteh, said Wednesday.
01/09/2010 full text... |
|
|
|
|
| Puffing more expensive in Malawi as taxman calls | | Blantyre, Malawi (PANA) - Cigarette smoking may be chic but from Wednesday (1Sep
t), smokers in the southern African country of
Malawi will have to dig deeper in their pockets to maintain that life-style, as
the tax authority has effected what it calls ''tax stamps''
on cigarette
In a statement published Wednesday, Lloyd Muhara, Commissioner General of the Ma
lawi Revenue Authority (MRA) - Malawi's official tax collectors -
said from 1 September, 2010 all manufacturers, importers and distributors of cig
arettes must obtain a licence from the tax body that will
indicate that they have paid duty or tax on their cigarettes.
01/09/2010 full text... |
|
|
|
|
| Latest exchange rates for CFA | | Libreville, Gabon (PANA)- Following are the latest exchange rates for
the CFA franc of the Bank of the Central Africa States (BEAC),
according to the exchange rates bulletin issued Wednesday by the
financial institution in Libreville.
01/09/2010 full text... |
|
|
|
|
| ECOWAS researchers meet in Dakar | | Dakar, Senegal (PANA) - About 60 representatives from universities and research
centres, members of research networks and resource persons from the Economic Com
m
unity of West African States (ECOWAS) on Tuesday opened a three-day meeting on t
h
e community's programme for the development of ECOWAS and regional research poli
c
y.
31/08/2010 full text... |
|
|
|
|
| Nigerian bourse approves 74.3 billion naira issues for listing | | Lagos, Nigeria (PANA) - The Council of the Nigerian Stock Exchange, through its
Quotation Committee, on Tuesday approved for listing, issues worth 74.302 billio
n
naira for six companies, two state governments and one financial instrument. (U
S
$1.00=150 naira)
A statement from the Exchange made available to PANA in Lagos said this was part
of efforts to deepen the capital market.
31/08/2010 full text... |
|
|
| Nigerian bourse ends trading upbeat | | Lagos, Nigeria (PANA) - Major market indicators on the floor of the Nigerian Sto
ck Exchange (NSE) Tuesday experienced a jack up, as the market capitalization in
c
reased to 5.946 trillion naira in contrast to what obtained Monday, when it clos
e
d at 5.923 trillion naira.
31/08/2010 full text... |
|
|
| Dud cheques' issuance increases in Mali | | Bamako, Mali (PANA) - The issuance of dud or "bounced" cheques is on the increas
e in Mali, as the country's banking authorities issued 801 warnings to issuers o
f
such illegal cheques in 2010 against the 758 incidents in 2009, sources close t
o
the Central Bank of West African States (BCEAO), told PANA here Tuesday.
31/08/2010 full text... |
|
|
| EAC prepares for first Lake Victoria basin investment forum | | Dar es Salaam, Tanzania (PANA) - In a bid to showcase the investment potentials
in the Lake Victoria Basin, the secretariat of the East African Community (EAC)
s
aid Tuesday that preparations were underway for the first-ever EAC Lake Victoria
Basin Investment Forum, planned for 1-5 December, 2010.
31/08/2010 full text... |
|
|
|
|
|
|
|
|
|
|
| World Cup 'has no impact on investments in SA' | | Cape Town, South Africa (PANA) - South African investment firm Bidvest has annou
nced that the 2010 World Cup made ''no material impact''
on its latest annual results, and indicated that it continued to look for strate
gic acquisitions.
31/08/2010 full text... |
|
|
|
|
| Latest forex in Tanzania | | Dar es Salaam, Tanzania (PANA) - Following are the latest foreign exchange rates
for the Tanzanian shilling,
as issued Tuesday by the Bank of Tanzania:
31/08/2010 full text... |
|
|
| Swedish mining firm MII AB wins DR Congo gold contract | | Kinshasa, DR Congo (PANA) - The Congolese Gold Mining Board of Kilomoto (OKIMO)
has signed a contract with Swedish group Mineral Invest International (MII) AB t
o
explore for gold reserves and other minerals in north-eastern Democratic Republ
i
c of Congo (DRC), official sources told PANA on Monday.
30/08/2010 full text... |
|
|
| Latest exchange rates in Nigeria | | Lagos, Nigeria (PANA) - Following are the latest exchange rates of the Nigerian
currency, the naira, against other foreign currencies, as released Monday by the
Central Bank of Nigeria (CBN).
30/08/2010 full text... |
|
|
| Investors stake 1.27 billion naira on banking stocks in Nigeria | | Lagos, Nigeria (PANA) - Investors on the floor of the Nigerian Stock Exchange (N
SE) Monday staked 1.274 billion naira on 135.67 million banking stocks in 3,320
d
eals, as market capitalization opened for the week with 5.923 trillion naira and
the All Share-Index with 24,221.13 points (150 naira = US$ 1).
30/08/2010 full text... |
|
|
|
|
|
|
| Shell Petroleum replaces major oil pipeline in Nigeria | | Lagos, Nigeria (PANA) - The Shell Petroleum Development Company of Nigeria (SPDC) joint venture has said it is about to complete the construction of a major oil pipeline, worth US$ 1.1 billion, in the Niger Delta as part of its ongoing programme to keep its facilities well maintained.
30/08/2010 full text... |
|
|
|
|
|
|
| Latest exchange rates for CFA franc | | Libreville, Gabon (PANA) - Following are the latest exchange rates for
the CFA franc of the Bank of the Central Africa States (BEAC),
according to the exchange rates bulletin issued Monday by the
financial institution in Libreville.
30/08/2010 full text... |
|
|
|
|
| Nigerian bank records US$ 65m half-year profit | | Lagos, Nigeria (PANA) - One of Nigeriaâ?s leading financial institutions, Acces
s bank Plc, has posted a profit before tax of 9.8 billion naira (about US$ 65.3
m
illion), representing a 14% increase for the first half of the year ended on 30
J
une, 2010, according to a statement from the bank, made available to PANA here.
29/08/2010 full text... |
|
|
|
|
|
|
| Libya to diversify economy | | Tripoli, Libya (PANA) - Libya intends to diversify its sources of income over
the next few years that would see the contribution of oil to the economy
coming down to 40% from 75%, the Secretary of the Libyan General People's
Committee for Industry, Economy and Trade, Mohamed Haweij has said.
27/08/2010 full text... |
|
|
| Latest exchange rates in Nigeria | | Lagos, Nigeria (PANA) - Following are Friday's exchange rates of the Nigerian cu
rrency, the naira, against other major foreign currencies, as released Friday by
the Central Bank of Nigeria (CBN).
27/08/2010 full text... |
|
|
|
|
|
|
TICAD
AFRAA