Economy -
  • Sudan bans importation of 19 commodities
    09 december 2017 15:24:45
    Khartoum, Sudan (PANA) - Sudan on Saturday decided to freeze imports of at least 19 commodities, under a policy seeking to shrink demand for hard currency Full text...

  • AfDB accelerates development pace in Tanzania with ‘High 5’ priorities
    09 december 2017 09:25:37
    Dar es Salaam, Tanzania (PANA) - The African Development Bank’s 2017 Country Results Brief on Tanzania, released recently, says Tanzania’s economic situation as that of a country at the crossroads that has maintained an average growth rate of 6% over the last decade — supported by the industrial sector and agricultural exports — with human development gains. Full text...

  • AfDB leading the way in renewable energy - President Adesina
    09 december 2017 09:24:09
    Abidjan, Cote d'Ivoire (PANA) - In line with the New Deal on Energy for Africa, the African Development Bank (AfDB) says it has approved US$324 million in loan support to two renewable energy projects in Morocco and Côte d’Ivoire that are expected to significantly increase power supplies and keep economic growth on track. Full text...

  • Senegal’s New Airport opens
    09 december 2017 06:43:09
    Dakar, Senegal (PANA) - Senegal’s new International Blaise Diagne Airport (AIBD), a 525-million-euro infrastructure masterpiece, co-financed with the African Development Bank (AfDB), opened on Thursday, confirming the Bank’s commitment to Africa’s air transportation development, and a strategic component of the High 5 agenda to integrate Africa. Full text...

  • Liberia gets 5 million euro EU boost for cocoa sector
    08 december 2017 14:16:04
    Monrovia, Liberia (PANA) – The European Union (EU) and Solidaridad West Africa have signed a 5 million Euro grant agreement to develop the cocoa sector in Liberia. Full text...

  • Friday’s forex rates for the Gambian Dalasi
    08 december 2017 13:24:35
    Banjul, Gambia (PANA) – The following are Friday’s foreign exchange rates for the Gambian Dalasi (D), as published by the Trust Bank Gambia Ltd: Full text...

  • Friday's forex rates for Rwandan Franc
    08 december 2017 12:03:34
    Kigali, Rwanda (PANA) - The following are Friday's foreign exchange rates for the Rwandan franc, as issued by the National Bank of Rwanda. Full text...

  • Friday's exchange rates for Tanzania Shilling
    08 december 2017 07:32:44
    Dar es Salaam, Tanzania (PANA) - The following are Friday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • Friday's exchange rates for Ghana cedi
    08 december 2017 06:46:25
    Accra, Ghana (PANA) - The following are Friday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Thursday's forex rates for Rwandan Franc
    07 december 2017 13:42:56
    Kigali, Rwanda (PANA) - The following are Thursday's foreign exchange rates for the Rwandan franc, as issued by the National Bank of Rwanda. Full text...

  • Two West African scholars scoop top prize for labour market, taxation research
    07 december 2017 13:41:33
    Addis Ababa, Ethiopia (PANA) - Two West African economists have emerged winners from a selection of 36 academic papers presented at the 12th African Economic Conference for proposing reforms, including the de-regulation of the labour markets and the tax administration reforms aimed at raising government revenue. Full text...

  • Thursday's exchange rates for Ghana cedi
    07 december 2017 08:44:21
    Accra, Ghana (PANA) - The following are Thursday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Mauritania obtains US$163.9m credit facility from IMF
    07 december 2017 08:02:18
    Nouakchott, Mauritania (PANA) – Mauritania has secured US$163.9 million in support for economic and financial reform from the International Monetary Fund (IMF) under the Fund’s three-year Extended Credit Facility (ECF), it was disclosed in Nouakchott on Thursday. Full text...

  • Thursday’s forex rates for the Gambian Dalasi
    07 december 2017 07:10:00
    Banjul, Gambia (PANA) – The following are Thursday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Thursday's exchange rates for Tanzania Shilling
    07 december 2017 06:51:39
    Dar es Salaam, Tanzania (PANA) - The following are Thursday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • African Economic Conference ends with calls for de-politicisation of mining sector
    06 december 2017 22:36:58
    Addis Ababa, Ethiopia (PANA) – The African Economic Conference concluded three-days of talks in Addis Ababa on Wednesday, calling for an end to the politicisation of the mining sector in Africa and a raft of reform measures which would lead to better livelihoods for the continent’s population. Full text...

  • African economists question IMF lax enforcement of tax transparency
    06 december 2017 19:52:58
    Addis Ababa, Ethiopia (PANA) – Economists attending the African Economic Conference convened by three prominent development organisations have questioned the laxity of the International Monetary Fund (IMF) and the World Bank in enforcing international transparency in the utilization of public tax. Full text...

  • Rwandan commercial bank switches to investment business
    06 december 2017 17:08:25
    Kigali, Rwanda (PANA) - Bank of Kigali has turned into an investment company instead of being a mere finance house focused on credits and savings, an official source confirmed on Wednesday in Kigali. Full text...

  • Rwanda posts 9.1% annual growth in producer price index in Q3 of 2017
    06 december 2017 16:21:55
    Kigali, Rwanda (PANA) - Rwanda’s general producer price index (PPI), combining both prices for local and export products, registered an annual growth of 9.11% in the third quarter of 2017 compared with the same period in 2016, while on quarterly basis it increased by 1.0 percent compared with the second quarter, the National Institute of Statistics said in a report on Wednesday. Full text...

  • Mauritania: Wednesday's forex rates for Ouguiya
    06 december 2017 15:27:12
    Nouakchott, Mauritania (PANA) - Following are Wednesday’s exchange rates for the Ouguiya, as issued by the central bank of Mauritania. Full text...

  • Wednesday's forex rates for Rwandan Franc
    06 december 2017 11:46:15
    Kigali, Rwanda (PANA) - The following are Wednesday's foreign exchange rates for the Rwandan franc, as issued by the National Bank of Rwanda. Full text...

  • Wednesday’s forex rates for the Gambian Dalasi
    06 december 2017 10:31:22
    Banjul, Gambia (PANA) – The following are Wednesday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Wednesday's exchange rates for Tanzania Shilling
    06 december 2017 06:18:18
    Dar es Salaam, Tanzania (PANA) - The following are Wednesday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • Somalia Partnership Forum stresses job creation, poverty reduction to promote stability
    06 december 2017 05:58:41
    Mogadishu, Somalia (PANA) – A gathering of senior representatives of the Somali Government, the United Nations and the international community concluded in Mogadishu on Tuesday with a call for greater investment in the country’s economic development to create more job opportunities, rehabilitate essential infrastructure, and improve the living conditions of the Somali people. Full text...

  • World Bank approves US$1.15bn loan to Egypt to boost economy, create jobs
    05 december 2017 19:48:53
    Washington, US (PANA) - The World Bank’s Board of Executive Directors on Tuesday approved US$1.15 billion in a development policy financing loan to support Egypt’s economic reform programme. Full text...

  • Namibia secures ZAR 1 billion AfDB loan for education sector
    05 december 2017 12:41:20
    Windhoek, Namibia (PANA) - Namibia’s efforts to develop efficient basic, technical and vocational education (TVET) to cater for its development needs has received a boost from the African Development Bank (AfDB) which approved a ZAR 1 billion loan to finance the country’s education and training (US$1 = ZAR13.62). Full text...

  • Egypt hosts forum on trade promotion, investment in Africa
    05 december 2017 11:58:38
    Sharm El- Sheikh, Egypt (PANA) – A three-day high-level forum on promoting trade and investment within Africa opens on Thursday in Sharm El- Sheikh, the Egyptian resort city on the Red Sea, with at least six heads of state discussing with the business and investment community a wide range of business and development issues in the continent. Full text...

  • Tuesday's forex rates for Rwandan Franc
    05 december 2017 11:52:49
    Kigali, Rwanda (PANA) - The following are Tuesday's foreign exchange rates for the Rwandan franc, as issued by the National Bank of Rwanda. Full text...

  • Tuesday’s forex rates for the Gambian Dalasi
    05 december 2017 09:46:24
    Banjul, Gambia (PANA) – The following are Tuesday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Tuesday's forex rates for Mauritian Rupee
    05 december 2017 09:09:23
    Port-Louis, Mauritius (PANA) - Following are Tuesday’s foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Tuesday's exchange rates for Ghana cedi
    05 december 2017 05:39:54
    Accra, Ghana (PANA) - The following are Tuesday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • African Economic Conference confronts bad governance setbacks to growth
    04 december 2017 21:45:12
    Addis Ababa, Ethiopia (PANA) – African economists and policy-makers met for the start of a three-day conference in Addis Ababa on Monday, to confront bad governance, corruption and political instability caused by rigged elections, whose economic impact could be worse than the fall of commodity prices. Full text...

  • Angola's Sovereign Wealth Fund claims US$ 4.7 billion investment
    04 december 2017 19:57:44
    Luanda, Angola (PANA) – Angola’s Sovereign Wealth Fund (FSDEA) has said its investments portfolio has reached a net value of US$ 4.7 billion in internationally diversified assets ranging from venture capital to fixed and variable income funds. Full text...

  • Namibia hosts 2017 Programme for Infrastructure Development in Africa
    04 december 2017 15:55:18
    Windhoek, Namibia (PANA) - The 2017 Programme for Infrastructure Development in Africa Week (PIDA Week) will take place from 10 to 14 December in Swakopmund, Namibia, on the theme “Regional infrastructure development for job creation and economic transformation.” Full text...

  • Monday’s forex rates for the Gambian Dalasi
    04 december 2017 07:33:54
    Banjul, Gambia (PANA) – The following are Monday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Monday's exchange rates for Tanzania Shilling
    04 december 2017 06:52:40
    Dar es Salaam, Tanzania (PANA) - The following are Monday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • Monday's exchange rates for Ghana cedi
    04 december 2017 05:51:03
    Accra, Ghana (PANA) - The following are Monday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • US Corporate Council on Africa visits Sudan
    03 december 2017 18:28:40
    Khartoum, Sudan (PANA) - A high level US Trade delegation arrived in the Sudan on Sunday in the first ever visit by the US Corporate Council on Africa (CCA) to the country. Full text...

  • Saturday’s forex rates for Gambian Dalasi
    02 december 2017 12:00:57
    Banjul, Gambia (PANA) – The following are Saturday’s foreign exchange rates for the Gambian Dalasi (D), as published by Trust Bank Gambia Ltd: Full text...

  • IMF approves US$22.58 million disbursement for Benin
    02 december 2017 08:46:33
    Porto-Novo, Benin (PANA) - The Executive Board of the International Monetary Fund (IMF) on Friday completed Benin’s first review of the arrangement under the Extended Credit Facility (ECF), enabling the disbursement of US$ 22.58 million to the West African country. Full text...

  • Friday's forex rates for Rwandan Franc
    01 december 2017 10:56:08
    Kigali, Rwanda (PANA) - The following are Friday's foreign exchange rates for the Rwandan franc, as issued by the National Bank of Rwanda. Full text...

  • Friday’s forex rates for the Gambian Dalasi
    01 december 2017 07:04:42
    Banjul, Gambia (PANA) – The following are Friday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Thursday’s forex rates for Gambian Dalasi
    30 november 2017 12:30:52
    Banjul, Gambia (PANA) – The following are Thursday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Thursday's exchange rates for Tanzania Shilling
    30 november 2017 06:52:28
    Dar es Salaam, Tanzania (PANA) - The following are Thursday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • Thursday's exchange rates for Ghana cedi
    30 november 2017 05:50:38
    Accra, Ghana (PANA) - The following are Thursday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Four billion people have no social security protection - ILO
    30 november 2017 05:28:21
    Geneva, Switzerland (PANA) – More than half of the global population – some four billion people – have no social security protection, UN labour experts said on Wednesday. Full text...

  • AfDB supports JKIA airport expansion project towards making Nairobi an aviation hub
    29 november 2017 15:33:23
    Nairobi, Kenya (PANA) - Efforts being made by the Kenyan government to make Nairobi an aviation hub has received a big boost from the African development Bank (AfDB) which approved a US$ 160 million loan for the expansion of the Jomo Kenyatta International Airport (JKIA). Full text...

  • 30th anniversary of SA air disaster commemorated
    29 november 2017 14:42:57
    Cape Town, South Africa (PANA) – South Africa on Wednesday commemorated the 30th anniversary of the country’s worst air disaster, remembering when in 1987 a South African Airways (SAA) Helderberg aircraft plunged into the sea near Mauritius, killing all 159 passengers and crew after a fire on board. Full text...

  • Wednesday's forex rates for Rwandan Franc
    29 november 2017 14:16:31
    Kigali, Rwanda (PANA) - The following are Wednesday's foreign exchange rates for the Rwandan franc, as issued by the National Bank of Rwanda. Full text...

  • Wednesday's exchange rates for Mauritian Rupee
    29 november 2017 12:03:07
    Port-Louis, Mauritius (PANA) - Following are Wednesday’s exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

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