Economy -
  • Trade and Development Bank opens branch in Rwanda
    23 november 2017 18:01:13
    Kigali, Rwanda (PANA) - The Eastern and Southern African Trade and Development Bank (TDB), formerly known as PTA Bank, on Thursday opened a branch in Kigali, Rwanda. Full text...

  • AU ministers agree to seek greater say on global internet governance agenda
    23 november 2017 17:46:41
    Addis Ababa, Ethiopia (PANA) - African ministers of communication, technology and information resolved on Thursday to seek a greater role in international internet governance. Full text...

  • Kenyan Central Bank retains base lending rate at 10%
    23 november 2017 17:29:09
    Nairobi, Kenya (PANA) - The Central Bank of Kenya (CBK) has retained the base lending rate at 10% on the back of a 5.1% economic growth rate in 2017, CBK Governor Patrick Njoroge said on Thursday. Full text...

  • Rwanda, Cape Verde sign air service agreement
    23 november 2017 16:26:05
    Kigali, Rwanda (PANA) - Rwanda and Cape Verde have entered a bilateral air service agreement under which their respective national airlines will operate direct flights to each other's capital, it was officially confirmed here on Thursday. Full text...

  • Political impasse hurting Kenyan economy, warn manufacturers
    23 november 2017 12:38:31
    Nairobi, Kenya (PANA) - The Kenya Association of Manufacturers (KAM) has called on Kenyan authorities to ensure that General Elections are conducted peaceful because post-election violence and uncertainty witnessed at recent polls contribute to economic down turn. Full text...

  • Thursday's forex rates for Rwandan Franc
    23 november 2017 12:28:56
    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...

  • Botswana’s agriculture sector lures more expatriates
    23 november 2017 12:27:36
    Gaborone, Botswana (PANA) - Botswana’s latest labour data indicates that the country has attracted more foreign employees in the agriculture sector. Full text...

  • Thursday’s forex rates for Gambian Dalasi
    23 november 2017 12:23:19
    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...

  • Tunisia to be invited to accept ECOWAS membership, official says
    23 november 2017 10:07:38
    Tunis, Tunisia (PANA) - As the north African state of Tunisia sets its sights on joining the Economic Community of West African States (ECOWAS), it has announced that it will be invited to accept its membership at its summit in the Togolese captial, Lome, in December. Full text...

  • Mauritania: Thursday's forex rates for Ouguiya
    23 november 2017 09:33:17
    Nouakchott, Mauritania (PANA) - Following are Thursday’s exchange rates for the Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Thursday's forex rates for the CFA Franc in Central Africa
    23 november 2017 08:21:58
    Libreville, Gabon (PANA) - Following are Thursday’s exchange rates for the CFA Franc, as issued by the Bank of Central African States. Full text...

  • AU urges postal corporations to tap internet revolution for electronic commerce
    23 november 2017 08:15:51
    Addis Ababa, Ethiopia (PANA) – The African Union Technical Committee on Communication and Information, Technology and Communication (ICT) has embarked on a new push to revolutionise the ailing postal services through a project aiming to rapidly fast-track regional integration and trade. Full text...

  • Ethiopia launches online mobile airtime recharging
    23 november 2017 07:34:36
    Addis Ababa, Ethiopia (PANA) – Mobile customers in Ethiopia can now recharge their airtime online after the country’s sole telecommunication provider, Ethio Telecom, announced the launch of prepaid mobile recharging. Full text...

  • Thursday's exchange rates for Ghana cedi
    23 november 2017 06:31:59
    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...

  • Thursday's exchange rates for Tanzania Shilling
    23 november 2017 06:30:49
    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...

  • Nigeria aims at single digit inflation in 2018
    22 november 2017 18:44:42
    Abuja, Nigeria (PANA) – Central Bank of Nigeria (CBN) Governor Godwin Emefiele on Wednesday said the apex bank is on course to realise its target of bringing the country’s inflation rate down to single digits by next year. Full text...

  • Mauritania: Wednesday's forex rates for Mauritanian Ouguiya
    22 november 2017 12:08:54
    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 the Mauritian Rupee
    22 november 2017 08:07:27
    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...

  • Wednesday’s forex rates for the Gambian Dalasi
    22 november 2017 07:20:09
    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
    22 november 2017 06:47:04
    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...

  • Wednesday's exchange rates for Ghana cedi
    22 november 2017 05:16:19
    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...

  • Nigeria retains monetary policy rate at 14 per cent
    21 november 2017 19:01:50
    Abuja, Nigeria (PANA) – Nigeria’s Monetary Policy Committee (MPC) has for the eighth consecutive time retained the monetary policy rate at 14 per cent due to persistently uncertain economic conditions and high inflation. Full text...

  • Nigeria, US sign MoU on commercial investment instrument
    21 november 2017 18:07:34
    Abuja, Nigeria (PANA) – Nigeria and the United States of America on Tuesday signed a Memorandum of Understanding (MoU) on an investment instrument titled US-Nigeria Commercial Investment Dialogue (CID), designed to deepen commercial and investment ties between the two countries. Full text...

  • Nigeria, Japan sign agreement on economic, social development aid projects
    21 november 2017 17:58:14
    Abuja, Nigeria (PANA) – Nigeria and Japan on Tuesday signed a grant aid project on economic and social development worth N642 million ($1=N305). Full text...

  • Tuesday's exchange rates for Mauritanian Ouguiya
    21 november 2017 12:15:57
    Nouakchott, Mauritania (PANA) - Following are Tuesday’s exchange rates for the Mauritanian Ouguiya, as issued by the central bank of Mauritania. Full text...

  • AU celebrates Africa Industrialization Day with plan to accelerate growth
    21 november 2017 12:12:21
    Addis Ababa, Ethiopia (PANA) - The African Union (AU) has identified the development of Special Economic Zones as part of projects to be pursued by member states to deepen industrialisation. Full text...

  • Gabon: Tuesday's forex rates for CFAF in Central Africa
    21 november 2017 11:03:42
    Libreville, Gabon (PANA) - Following are Tuesday’s exchange rates for the CFA Franc, as issued by the Bank of Central African States. Full text...

  • Tuesday's exchange rates for Mauritian Rupee
    21 november 2017 10:33:21
    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
    21 november 2017 06:39:21
    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...

  • UN chief stresses 'mutually supportive' nature of Africa's free trade, industrialization
    20 november 2017 20:52:55
    New York, USA (PANA) – Africa's industrial development and proposed continental free trade would complement each other, United Nations Secretary-General António Guterres said on Monday, marking the UN-proclaimed day for Africa's industrialization. Full text...

  • Sudan moves to stamp out funding for terrorists
    20 november 2017 19:49:03
    Khartoum, Sudan (PANA) - Dealers in currency black market in Sudan, including those who smuggle gold and subsidized commodities to neighbouring countries risk to face charges of funding terrorism, the government announced on Monday. Full text...

  • Nigeria's economy registers 1.4 per cent growth in Q3 2017
    20 november 2017 17:49:58
    Abuja, Nigeria (PANA) – Nigeria’s National Bureau of Statistics (NBS) on Monday announced that the nation’s economic growth accelerated in the third quarter as the economy grew by 1.4 per cent year-on-year in real terms in the third quarter of 2017. Full text...

  • AU experts in crucial session on ending internet shutdowns, cyber security
    20 november 2017 17:25:42
    Addis Ababa, Ethiopia (PANA) - An expert session to discuss the governance of the internet in Africa kicked off at the African Union (AU) Commission on Monday, aiming to achieve broad consensus on ending the shutdown of the internet because of its economic consequences. Full text...

  • Monday's forex rates for Rwandan Franc
    20 november 2017 11:31:41
    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...

  • Monday’s forex rates for the Gambian Dalasi
    20 november 2017 11:28:37
    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 forex rates for the Mauritian Rupee
    20 november 2017 08:30:39
    Port-Louis, Mauritius (PANA) - Following are Monday’s foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Monday's exchange rates for Ghana cedi
    20 november 2017 06:35:46
    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...

  • Monday's exchange rates for Tanzania Shilling
    20 november 2017 06:32:16
    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...

  • 'Betting firms key contributors to Kenya Exchequer'
    18 november 2017 11:01:09
    Nairobi, Kenya (PANA) - With over 45 sports betting and gaming companies in Kenya, the firms contribute over US$2 billion to the Kenya Revenue Authority (KRA) annually, a mobile telephony service provider company head said on Saturday. Full text...

  • Saturday’s forex rates for the Gambian Dalasi
    18 november 2017 06:54:55
    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...

  • Friday's forex rates for Rwandan Franc
    17 november 2017 10:31:54
    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
    17 november 2017 10:29:26
    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...

  • Friday's exchange rates for Tanzania Shilling
    17 november 2017 06:13:23
    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
    17 november 2017 05:11:14
    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...

  • Rwanda braces itself for cashless economy
    16 november 2017 17:35:02
    Kigali, Rwanda (PANA) - Rwanda on Thursday launched a one-month public enlightenment campaign before introducing the use of electronic money instead of cash transactions. Full text...

  • Thursday's foreign exchange rates for Mauritanian Ouguiya
    16 november 2017 09:51:34
    Nouakchott, Mauritania (PANA) - Following are Thursday’s exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Nigeria's inflation declines for 9th consecutive month to 15.91% in October
    16 november 2017 09:04:11
    Abuja, Nigeria (PANA) – Nigeria’s National Bureau of Statistics (NBS) says the inflation rate, measured by the Consumer Price Index (CPI), has further dropped to 15.91% in October, from 15.98% recorded in September. Full text...

  • Thursday's exchange rates for Mauritian Rupee
    16 november 2017 08:56:08
    Port-Louis, Mauritius (PANA) - Following are Thursday’s exchange rates for the Mauritian Rupee, as issued the Commercial Bank of Mauritius. Full text...

  • Thursday’s forex rates for the Gambian Dalasi
    16 november 2017 08:00:58
    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 forex rates for Rwandan Franc
    16 november 2017 07:23:24
    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...

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