Economy -
  • OPEC members reduce crude oil quota, Libya hopes for exemption
    20 november 2018 18:44:37
    Tripoli, Libya (PANA) - Libya counts on the Organization of Petroleum Exporting Countries (OPEC) and its allies for exempt from any reduction in oil production, said Mustapha Sanallah, director of National Oil Company (NOC). Full text...

  • Libya's Council of State rejects subsidy removal on electricity, fuel
    20 november 2018 15:09:33
    Tripoli, Libya (PANA) - The President of the High Council of the State (HCS) in Libya, Khaled al-Machri, says he has rejected moves to remove subsidies on electricity, energy and fuel, in the absence of clear alternatives to replace them for the benefit of the citizen. Full text...

  • Tuesday's forex rates for Rwandan Franc
    20 november 2018 11:27:45
    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 CFAF in Central Africa
    20 november 2018 10:26:25
    Libreville, Gabon (PANA) - Following are Tuesday's foreign exchange rates for the CFAF, as issued by the Bank of Central African States. Full text...

  • Tuesday's forex rates for the Mauritian Rupee
    20 november 2018 10:14:25
    Port-Louis, Maurice (PANA) - Following are Tuesday's foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Tuesday’s forex rates for the Gambian Dalasi
    20 november 2018 08:41:44
    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...

  • Burkina PM rules out cost increase on transport after fuel price rise
    19 november 2018 19:48:15
    Ouagadougou, Burkina Faso (PANA) – No tariff readjustment is expected in transportation following the rise of fuel price in Burkina Faso, Prime Minister Paul Kaba Thiéba assured at his meeting with transporters on Monday. Full text...

  • Mauritania receives 57.5 million euros from EU on fishing
    19 november 2018 15:45:09
    Nouakchott, Mauritania (PANA) - The European Union (EU) has paid the Government of Mauritania 57.5 million euros as an annual payment under the fisheries agreement between the two countries, EU's diplomatic representative in Mauritania indicated this on Monday. Full text...

  • Centurion, American firm forge alliance in the oil sector
    19 november 2018 15:36:44
    Abidjan, Côte d'Ivoire (PANA) - Endeavor Management, a US-based oilfield consulting firm, has entered into a strategic alliance with Centurion, a pan-African law and advisory firm which operates in sub-Saharan Africa, to provide advisory services to the various players in the oil sector. Full text...

  • Gambia scores well in latest World Bank, IMF and Freedom House Rankings
    19 november 2018 14:32:35
    Banjul, Gambia (PANA) - The Gambian government has been favorably rated in almost all aspects of political and economic governance in studies supported by 14 renowned global political and financial institutions, including the IMF, World Bank and Freedom House. Full text...

  • Monday's forex rates for Rwandan Franc
    19 november 2018 13:05:01
    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...

  • Kenyan hotels bag global awards
    19 november 2018 12:37:42
    Nairobi, Kenya (PANA) - Ten Kenyan hotels have received global recognition, bagging various awards at the World Luxury Hotel Brands Awards 2018, held in Bali, Indonesia. Full text...

  • Monday’s forex rates for the Gambian Dalasi
    19 november 2018 10:53:44
    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 Ghana cedi
    19 november 2018 09:34:36
    Accra, Ghana (PANA) - The following are Monday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Monday's foreign exchange rates for the CFAF in Central Africa
    19 november 2018 09:28:45
    Libreville, Gabon (PANA) – Following are Monday’s exchange rates for the CFAF, as issued by the bank of Central African States. Full text...

  • Monday's exchange rates for the Mauritian Rupee
    19 november 2018 09:26:53
    Port-Louis, Mauritius (PANA) – Following are Monday’s exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Saturday’s exchange rates for the Mauritanian Ouguiya
    17 november 2018 13:03:33
    Nouakchott, Mauritania (PANA) – Following are Saturday’s exchange rates for the Ouguiya, as issued by the central bank of Mauritania. Full text...

  • WB report highlights new linkages between sustainable high growth and job creation
    16 november 2018 19:41:20
    Washington, US PANA) - High-growth firms in emerging economies account for more than 50% of all new jobs and sales despite making up less than 20% of all firms in manufacturing and services, according to a new World Bank report. Full text...

  • IMF mission draws Gabon’s attention to public enterprises in precarious position
    16 november 2018 19:11:42
    Libreville, Gabon (PANA) – Despite some progress, the financial position of several public agencies and enterprises in Gabon remains precarious, and unless improved, it could represent significant contingent liabilities for the government, an International Monetary Fund (IMF) staff mission cautioned on Friday. Full text...

  • Tourist arrivals in Mauritius grow by 3.1 % in October 2018
    16 november 2018 15:33:12
    Port-Louis, Mauritius (PANA) – A total of 134,052 tourists visited Mauritius in October 2018, as compared to the 130,070 that came calling in October 2017, an increase of 3.1%, according to the last monthly report published by the Statistics Unit of the Ministry of Tourism. Full text...

  • Air Mauritius posts half-yearly losses of 17.6 million euros
    16 november 2018 15:28:52
    Port-Louis, Mauritius (PANA) – The Mauritian national airline, Air Mauritius, has incurred after-tax losses of 17.6 million euros for the first half (April-September) of the 2018-19 financial year, as compared to net profits of 6.2 million euros for the same period of the previous fiscal year. Full text...

  • African Road Safety Observatory set up in Marrakech
    16 november 2018 15:24:20
    Rabat, Morocco (PANA) - Africa's first Road Safety Forum ended Thursday in Marrakech, Morocco, urging participating countries to focus on road safety management at institutional level and the establishment of an African Road Safety Observatory. Full text...

  • Gabon takes stock of miners, other stakeholders in its gold sector
    16 november 2018 13:27:58
    Libreville, Gabon (PANA) - Gabon on Friday launched a national census of operators in its gold sector, with a view to ending illegal mining of gold across the country. Full text...

  • WAEMU launches 2018 annual review of reforms, programs and projects in Mali
    16 november 2018 13:11:14
    Bamako, Mali (PANA) - The annual review of reforms, programs and projects in Mali, undertaken by the West African Economic and Monetary Union (WAEMU), began in Bamako on Thursday. Full text...

  • Kenya, Japan and Canada to co-host Blue Economy Conference
    16 november 2018 12:06:14
    Nairobi, Kenya (PANA) - Seychelles President Danny Faure and Namibia’s Hage Geingob are among world leaders who will attend a three-day Blue Economy Conference, kicking off on 26 November in Nairobi. Full text...

  • Friday's forex rates for the Mauritanian Ouguiya
    16 november 2018 11:47:59
    Nouakchott, Mauritania (PANA) - Following are Friday's foreign exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Friday's exchange rates for the CFA Franc in Central Africa
    16 november 2018 11:19:12
    Libreville, Gabon (PANA) - Following are Friday’s foreign exchange rates for the CFA Franc as issued by the Bank of Central African States. Full text...

  • Commercial banks in Tripoli spring back to life after cash injection
    16 november 2018 11:16:42
    Tripoli, Libya (PANA) - An injection of cash into banks in Tripoli by banks in the capital has improved liquidity thus ending a two-year cash crunch that disrupted economic activities. Full text...

  • EIB, UNIDO partner to bolster industrialization in Africa
    16 november 2018 10:24:33
    Nairobi, Kenya (PANA) - The European Investment Bank (EIB) and the United Nations Industrial Development Organization (UNIDO) are hosting Africa Day on 22 November in Addis Ababa, Ethiopia, the bank said in a press release on Friday. Full text...

  • Friday's forex rates for the Mauritian Rupee
    16 november 2018 08:19:20
    Port-Louis, Mauritius (PANA) - Following are Friday’s foreign exchange rates for the Mauritian Rupee as issued by the Commercial Bank of Mauritius. Full text...

  • Africa Investment Forum 2018: a new bold vision tilts capital flows into Africa
    15 november 2018 13:30:06
    Abidjan, Cote d'Ivoire (PANA) - “Vision is the art of seeing what is invisible to others,” according to a popular saying. And this was exactly happened when the African Development Bank (AfDB) President, Akinwumi Adesina, laid out his vision to tilt the flow of capital into Africa by convening the first transaction-based investment forum, many did not see what was coming ahead. Full text...

  • A-List Attendees throw weight behind Africa Investment Forum 2018
    15 november 2018 13:20:01
    Johannesburg, South Africa (PANA) - Heads of State, presidents of Development Finance Institutions (DFIs), global and regional investors, business moguls and other A-list attendees are lauding the recently-concluded inaugural Africa Investment Forum (AIF) as an unprecedented game changer for Africa. Full text...

  • Donors commend NEPAD-IPPF’s operational performances
    15 november 2018 13:18:23
    Johannesburg, South Africa (PANA) - The 28th NEPAD-Infrastructure Project Preparation Facility (NEPAD-IPPF) Oversight Committee Meeting held at Sandton Sun Hotel, Sandton City, Johannesburg, South Africa on 5 November, 2018, has commended the operational performances of the Facility. Full text...

  • 'Use of blended finance as tool for scaling up investment in Africa, on the rise'
    15 november 2018 12:57:06
    Abidjan, Cote d'Ivoire (PANA) - The use of blended finance as a tool to address risk perceptions and crowd in private investment to develop Africa and achieve the Sustainable Development Goals (SDGs) is on the rise, according to delegates who attended the recently-concluded inaugural Africa Investment Forum (AIF), in Johannesburg, South Africa. Full text...

  • Thrusday's exchange rates for the Mauritanian Ouguiya
    15 november 2018 11:11:08
    Nouakchott, Mauritanie (PANA) - Following are Thrusday's foreign exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Thursday's forex rates for the CFA Franc in Central Africa
    15 november 2018 08:01:04
    Libreville, Gabon (PANA) – Following are Thursday’s foreign exchange rates for the CFA Franc as issued by the Bank of Central African States. Full text...

  • Thursday's forex rates for the Mauritian Rupee
    15 november 2018 07:59:09
    Port-Louis, Mauritius (PANA) - Following are Thursday’s foreign exchange rates for the Mauritian Rupee as issued by the Commercial Bank of Mauritius. Full text...

  • Congo’s non-oil sector wallows in deep recession – IMF team
    14 november 2018 19:26:38
    Brazzaville, Congo (PANA) – Congo’s stabilizing economic activity reflects diverging trends in the local oil and non-oil sectors, according to an International Monetary Fund (IMF) staff team that on Wednesday completed a nine-day visit to the country. Full text...

  • President Ouattara urges WAEMU countries to invest in renewable energy sources
    14 november 2018 18:14:16
    Lomé, Togo (PANA) – Ivorian President Alassane Ouattara on Wednesday called on member countries of the West African Economic and Monetary Union (WAEMU) to ‘invest massively’ in renewable energy sources, noting that less than half of the regional population has access to energy. Full text...

  • President Macron attends launch of high-speed train in Morocco
    14 november 2018 16:59:07
    Paris, France (PANA) - French President Emmanuel Macron will on Thursday, together with Moroccan King Mohammed VI, attend the official launch of a high-speed 200km railway linking Tangiers and Casablanca via Rabat, it was confirmed here on Wednesday. Full text...

  • Pan-African investment platform launched in Côte d'Ivoire
    14 november 2018 14:18:42
    Abidjan, Côte d'Ivoire (PANA) – A new Pan-African investment platform, called the New African Capital Partners (NACP), was launched on Tuesday in Cote d'Ivoire, according to a communiqué issued here on Wednesday. Full text...

  • Wednesday's forex rates for Rwandan Franc
    14 november 2018 14:01:21
    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...

  • IMF warns Gambia of dangers of its high debt
    14 november 2018 11:24:23
    Banjul, Gambia (PANA) - The International Monetary Fund (IMF) representative in the Gambia on Tuesday warned the West African country of its high debt to GDP ratio which stood at 88 per cent in 2017. Full text...

  • Wednesday's exchange rates for the Mauritanian Ouguiya
    14 november 2018 10:29:12
    Nouakchott, Mauritania (PANA) - Following are Wednesday's exchange rates for the Mauritanian Ouguiya, as issued by the Bank of Central African States. Full text...

  • Wednesday's exchange rates for Ghana cedi
    14 november 2018 09:10:58
    Accra, Ghana (PANA) - The following are Wednesday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Wednesday's forex rates for the CFA Franc in Central Africa
    14 november 2018 09:03:00
    Libreville, Gabon (PANA) – Following are Wednesday’s foreign exchange rates for the CFA Franc as issued by the Bank of Central African States. Full text...

  • Wednesday’s forex rates for the Gambian Dalasi
    14 november 2018 08:18:01
    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 forex rates for the Mauritian Rupee
    14 november 2018 08:16:07
    Port-Louis, Mauritius (PANA) - Following are Wednesday’s foreign exchange rates for the Mauritian Rupee as issued by the Commercial Bank of Mauritius. Full text...

  • Cameroonian authorities commit to re-prioritize domestically financed public investment
    13 november 2018 18:48:53
    Yaoundé, Cameroon (PANA) – An International Monetary Fund (IMF) team on Tuesday reached staff-level agreement with Cameroonian authorities on economic and financial policies that could support approval of the third review of their three-year programme supported by the Extended Credit Facility (ECF). Full text...

  • International Forum on Renewable Energy marks 45 years of BOAD
    13 november 2018 16:55:35
    Lomé, Togo (PANA) - An International Forum on Renewable Energy opens in Lomé on Wednesday as part of events to mark the 45th anniversary of the West African Development Bank (BOAD), PANA learned Tuesday from the bank headquarters in the Togolese capital. Full text...

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