Economy -
  • Gambia: Saturday's forex rates Gambian Dalasi
    24 june 2017 15:14:06
    Banjul, Gambia (PANA) - The following are Saturday's foreign exchange rates for the Gambian Dalasi, as issued by the Central Bank of The Gambia. Full text...

  • Gambia: Friday's forex rates for Gambian Dalasi
    23 june 2017 14:29:19
    Banjul, Gambia (PANA) – The following are Friday’s foreign exchange rates for the Gambian currency, the Dalasis (D) as published by Trust Bank Gambia ltd: Full text...

  • Tanzania: Friday's exchange rates for Tanzania Shilling
    23 june 2017 07:07:42
    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...

  • Ghana: Friday's exchange rates for Ghana cedi
    23 june 2017 05:44:56
    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...

  • Spain: IMF chief urges collaboration to fight money laundering, terrorist financing
    22 june 2017 18:47:38
    Valencia, Spain (PANA) - As terrorism becomes more pervasive in societies, it is a collective responsibility of all nations to choke off the financial flows—both large and small—that enable terrorists to inflict unspeakable suffering on individuals, families, and communities, International Monetary Fund (IMF) Managing Director Christine Lagarde said on Thursday. Full text...

  • Rwanda: Thursday's forex rates for Rwandan Franc
    22 june 2017 14:18:08
    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...

  • Senegal: AfDB to finance Dakar train project with US$193 million
    22 june 2017 10:01:06
    Dakar, Senegal (PANA) - The African Development Bank (AfDB) has voted US$193 million (about CFAF 120 billion) to finance the Dakar Regional Express Train (TER) project, aimed at facilitating movements within the most populated and productive area of ​​Senegal. Full text...

  • Equatorial Guinea: IMF initiates talks to rescue Equatorial Guinea's economy
    22 june 2017 09:45:49
    Malabo, Equatorial Guinea (PANA) - Equatorial Guinea's fiscal and external imbalances have widened and the economy has contracted, an International Monetary Fund (IMF) staff team concluded at the end of a two-week visit to the west African country to initiate discussions on an economic policy package that would help address these challenges. Full text...

  • Malawi: IMF extends US$ 26.9m credit to drought-shocked Malawi
    22 june 2017 09:23:15
    Lilongwe, Malawi (PANA) - Malawi has secured a US$26.9 million loan under an Extended Credit Facility (ECF) arrangement, after the Executive Board of the International Monetary Fund (IMF) on Wednesday completed its ninth and final review of the country's economic performance. Full text...

  • Tanzania: Thursday's exchange rates for Tanzania Shilling
    22 june 2017 06:57:18
    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...

  • Ghana: Thursday's exchange rates for Ghana cedi
    22 june 2017 06:05:02
    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...

  • US: World population to hit 9.8 billion by 2050 – UN
    21 june 2017 20:18:54
    New York, US (PANA) – The world population is now at least 7.6 billion, up from 7.4 billion last year, spurred by the relatively high levels of fertility in developing countries – despite an overall drop in the number of children people have around the globe – the United Nations today reported. Full text...

  • Rwanda: Wednesday's forex rates for Rwandan Franc
    21 june 2017 14:34:17
    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...

  • Zambia: President Lungu launches Zambia's 7th National Development Plan
    21 june 2017 11:17:29
    Lusaka, Zambia (PANA) – Zambian President Edgar Lungu on Wednesday launched the Seventh National Development Plan (2017-2021) centered on bringing about inclusive development, without leaving anyone behind, in line with the principles of Sustainable Development Goals (SDGs)of the United Nations. Full text...

  • France: 'Shortfall in financial contributions crippling UNESCO'
    21 june 2017 08:10:05
    Paris, France (PANA) - Worried by the huge financial crisis facing UNESCO, Director-General Irina Bokova has summoned her management team to a meeting on Wednesday to discuss the protracted critical financial situation faced by the Organization as a result of the current shortfall in cash flow, stemming from the non-payment of major contributors to the Organization. Full text...

  • Cote d'Ivoire: AfDB steps up efforts to create 25 million jobs
    21 june 2017 07:39:02
    Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) has unveiled a new strategy under which it seeks to create 25 million jobs and positively impact a total of 50 million youth over the next decade. Full text...

  • Mozambique: AfDB supports Mozambique SMEs in the construction sector
    21 june 2017 07:14:52
    Maputo, Mozambique (PANA) - The Board of Directors of the African Development Bank (AfDB) has approved a US$1-million African Private Sector Assistance Fund (FAPA) grant to the Government of Mozambique to finance the Nacala Corridor Business Linkages Technical Assistance Project. Full text...

  • Tanzania: Wednesday's exchange rates for Tanzania Shilling
    21 june 2017 06:12:26
    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...

  • Ghana: Wednesday's exchange rates for Ghana cedi
    21 june 2017 05:41:02
    Accra, Ghana (PANA) - The following are Wednesday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • US: IMF Board approves US$642m under Extended Fund Facility for Gabon
    20 june 2017 19:52:50
    Washington, D.C., US (PANA) - The International Monetary Fund (IMF) on Tuesday announced the approval of a three-year extended arrangement under the Extended Fund Facility (EFF) for Gabon for US$642 million in support of the country's medium-term recovery programme. Full text...

  • Rwanda: Tuesday's forex rates for Rwandan Franc
    20 june 2017 14:28:39
    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...

  • Gambia: Tuesday's forex rates for Gambian Dalasi
    20 june 2017 13:44:42
    Banjul, Gambia (PANA) – The following are Tuesday’s foreign exchange rates for the Gambian currency, the Dalasi (D), as published by Trust Bank Gambia ltd: Full text...

  • Côte d’Ivoire: IMF Board approves US$133.8 m disbursement to Côte d’Ivoire
    20 june 2017 08:56:13
    Abidjan, Côte d’Ivoire (PANA) - The Executive Board of the International Monetary Fund (IMF) has augmented Côte d’Ivoire's access to the Extended Credit Facility (ECF) and Extended Arrangement under the Extended Fund Facility (EFF) by US$224.8 million, the Board announced on Tuesday after completing first reviews of the country's economic programme. Full text...

  • DR Congo: SEFA invests US$1 million in North Kivu electricity project
    20 june 2017 08:21:23
    Kinshasa, DR Congo (PANA) - The African Sustainable Energy Fund (SEFA), hosted by the African Development Bank (AfDB), has approved a US$985,500 grant to improve bankability and achieve financial closure of an integrated project, including construction of 2 small hydropower plants, and transmission and distribution networks. Full text...

  • Tanzania: Tuesday's exchange rates for Tanzania Shilling
    20 june 2017 08:02:23
    Dar es Salaam, Tanzania (PANA) - The following are Tuesday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • Ghana: Tuesday's exchange rates for Ghana cedi
    20 june 2017 05:29:05
    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...

  • Swaziland: Swazi economy rolls in challenging environment
    19 june 2017 19:00:27
    Mbabane, Swaziland (PANA) - Following a prolonged drought in 2016 and a sharp decline in revenue from the Southern African Customs Union (SACU), Swaziland faces a challenging economic environment, according to an International Monetary Fund (IMF) staff team that on Monday completed a 12-day visit to the southern Africa country. Full text...

  • Mauritius: Air Mauritius posts profit worth 26.9 million euros
    19 june 2017 16:17:28
    Port Louis, Mauritius (PANA) – The Mauritian national carrier, Air Mauritius, recorded a 26.9 million euro profit in the financial year ended 31 March 2017 as compared to 15.4 million euro for the previous year, the company revealed on Monday. Full text...

  • Gambia: Monday's forex rates for Gambian Dalasi
    19 june 2017 13:50:09
    Banjul, Gambia (PANA) – The following are Monday’s foreign exchange rates for the Gambian currency, the Dalasi (D), as published by Trust Bank Gambia ltd: Full text...

  • Rwanda: Monday's forex rates for Rwandan Franc
    19 june 2017 11:55:44
    Kigali, Rwanda (PANA) - The following are Monday's foreign exchange rates for the Rwandan Franc, as issued by the National Bank of Rwanda. Full text...

  • Germany: IOM joins major global brands to tackle forced labour
    19 june 2017 10:02:21
    Berlin, Germany (PANA) - The UN Migration Agency (IOM) on Monday joined leading global brands, government officials, trade associations, recruiters and other expert organizations in Berlin to tackle forced labour in supply chains and encourage international companies to commit to the ethical recruitment of migrant workers. Full text...

  • US: IFAD, Uganda Postbank, Posta Uganda sign agreement on expanding remittances
    19 june 2017 09:53:49
    New York, US (PANA) – The International Fund for Agricultural Development (IFAD), Postbank of Uganda (PBU) and Posta Uganda have signed a grant agreement aimed at expanding the role of postal networks in the delivery of remittances and access to financial inclusion across the country. Full text...

  • Gambia: Gambian consumers call for price control (Feature by Musa Sheriff, PANA correspondent)
    19 june 2017 07:44:57
    Banjul, Gambia (PANA) - Gambian consumers of various commodities in the commercial city of Serekunda are calling on the government of President Adama Barrow to introduce price control measures to address the high cost of commodities. Full text...

  • Ghana: Monday's exchange rates for Ghana cedi
    19 june 2017 05:26:55
    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...

  • Cote d'Ivoire: AfDB approves US$15m equity investment to support inclusive growth in Africa
    17 june 2017 08:38:34
    Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Bank (AfDB) has approved a US$15 million investment in Shore Capital Fund III (ShoreCap III), a multinational Private Equity Fund, which promotes financial inclusion by supporting financial institutions serving Africa’s low-income and emerging middle-class communities. Full text...

  • US: IFAD president highlights 'the power of remittances'
    17 june 2017 05:11:49
    New York, US (PANA) - Marking the third International Day of Family Remittances on Friday, the President of the International Fund for Agricultural Development (IFAD) reminded more than 400 policymakers, private-sector stakeholders and civil-society representatives of the key role they play to support the more than 200 million migrants who send money home. Full text...

  • Kenya: UNIDO seeks expansion of industrial parks in Africa through private enterprise
    16 june 2017 17:22:46
    Nairobi, Kenya (PANA) - The U.N. Industrial Development Organisation (UNIDO) has started a pilot roll-out of industrial parks as part of a new drive to push the growth of the manufacturing sector in Africa. Full text...

  • Gambia: Friday's forex rates for Gambian Dalasi
    16 june 2017 11:22:28
    Banjul, Gambia (PANA) – The following are Friday’s foreign exchange rates for the Gambian currency, the Dalasi (D), as published by Trust Bank Gambia ltd: Full text...

  • Cote d'Ivoire: Africa Tourism Monitor wants policies on inclusive tourism growth, intra-Africa trade, visa openness
    16 june 2017 10:38:06
    Cote d'Ivoire (PANA) - More than ever before, African countries need to craft economic and trade policies that will foster inclusive and green tourism growth, intra-Africa trade, and contribute to visa openness for a borderless and interconnected continent, according to the latest report of the Africa Tourism Monitor. Full text...

  • Nigeria: Nigeria's inflation rate drops to 16.25%
    16 june 2017 07:11:48
    Abuja, Nigeria (PANA) – The Nigerian National Bureau of Statistics (NBS) says that the country’s inflation dropped to 16.25 per cent in May from 17.24 per cent in April. Full text...

  • Benin: IMF supports Benin to maintain macroeconomic, financial stability
    16 june 2017 07:05:46
    Cotonou, Benin (PANA) - Authorities in Benin are implementing a package of measures to maintain macroeconomic and financial stability and raise living standards, following a 4 percent growth in real terms in 2016 which overcame the low-growth environment that resulted from negative spillovers from Nigeria. Full text...

  • Tanzania: Friday's exchange rates for Tanzania Shilling
    16 june 2017 05:40:03
    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...

  • Ghana: Friday's exchange rates for Ghana cedi
    16 june 2017 05:31:33
    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...

  • Botswana: May annual inflation rate increase in Botswana
    15 june 2017 18:01:34
    Gaborone, Botswana (PANA) - Botswana’s annual inflation rate for May reached 3.5 percent, the country’s data authority said on Thursday. Full text...

  • Rwanda: Thursday's forex rates for Rwandan Franc
    15 june 2017 13:11:46
    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...

  • Gambia: Thursday's forex rates Gambian Dalasi
    15 june 2017 12:29:02
    Banjul, Gambia (PANA) - The following are Thursday's foreign exchange rates for the Gambian Dalasi, as issued by the Central Bank of The Gambia. Full text...

  • Nigeria: ECOWAS, World Bank partner on investment climate scorecard
    15 june 2017 08:17:22
    Abuja, Nigeria (PANA) - The Economic Community of West African States (ECOWAS) and the World Bank have launched the ECOWAS Investment climate scorecard which aims to unlock investment opportunities and deepen regional integration in West Africa. Full text...

  • Cote d'Ivoire: AfDB approves US$100m for soft commodity value chain operations in sub-Saharan Africa
    15 june 2017 07:32:19
    Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) has approved a US$100 million facility to finance Export Trading Group (ETG’s) soft commodity value chain operations in sub-Saharan Africa. Full text...

  • Tanzania: Thursday's exchange rates for Tanzania Shilling
    15 june 2017 07:23:59
    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...

  • Ghana: Thursday's exchange rates for Ghana cedi
    15 june 2017 06:12:42
    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...

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