Economy -
  • Senegal: Saturday's forex rates for Gambian Dalasis
    23 july 2016 08:45:58
    Dakar, Senegal (PANA) – The following are Saturday’s exchange rates for the Gambian Dalasis as published by Trust Bank Gambia Limited: Full text...

  • Kenya: Ministers reach trade deal bolstering role of UN trade body
    22 july 2016 14:47:35
    Nairobi, Kenya (PANA) - Ministers of Trade have reached consensus on the strengthening of the U.N. Conference on Trade (UNCTAD) at talks in Nairobi, Kenya, opening the world of private and public investments to UN scrutiny for the first time. Full text...

  • Libya: Oil exports to resume Sunday
    22 july 2016 13:05:21
    Tripoli, Libya (PANA) – Libya will Sunday resume its crude oil exports from the ports of al-Sedra and Ras Lanouf, the commander of the guards contingent securing oil installations in the central region, Ibrahim Jadhran, announced here on Thursday. Full text...

  • Mauritania: Friday's forex rates for Ouguiya
    22 july 2016 12:53:45
    Nouakchott, Mauritania (PANA) – The Central Bank of Mauritania (BCM) Friday issued the following foreign exchange rates for the Ouguiya: Full text...

  • US: South African Airways launches biofuel on domestic flights
    22 july 2016 11:44:48
    New York, US (PANA) - South African Airways (SAA) made history on Friday when some of its domestic flights departed Johannesburg to Cape Town becoming Africa’s first airline to fly on jet fuel made from tobacco plants. Full text...

  • Mauritius: Air Mauritius posts 16.5 million-euro profit for 2015/2016
    22 july 2016 10:29:22
    Port-Louis, Mauritius (PANA) - The Mauritian national airline, Air Mauritius, generated profits of 16.5 million euro for the financial year 2015/16 contrasting with a loss of 23.7 million euro for the previous financial year 2014/15. Full text...

  • Rwanda: Friday's forex rates for Rwandan franc
    22 july 2016 09:49:22
    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...

  • Mauritius: Friday's forex rates for Mauritian Rupee
    22 july 2016 08:07:23
    Port-Louis, Mauritius (PANA) – The following are Friday's foreign exchange rates for the Mauritian Rupee as issued by the Commercial Bank of Mauritius. Full text...

  • Kenya: African states risk economic failing amid foreign debt repayment
    22 july 2016 07:19:09
    Nairobi, Kenya (PANA) - African states are at risk of economic failure amid rising foreign and domestic debts estimated at US$443 billion with Sudan and Zimbabwe having failed completely to repay their debts and with seven others, including Ghana, Djibouti and Chad, on the brink of total collapse, a new UN Conference on Trade and Development (UNCTAD) report on Africa said Thursday. Full text...

  • Senegal: Friday's forex rates for the Gambian Dalasi
    22 july 2016 06:20:21
    Dakar, Senegal (PANA) – The following are Friday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Ghana: Friday's exchange rates for the Ghana cedi
    22 july 2016 06:14:40
    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...

  • Tanzania: Friday's exchange rates for Tanzania Shilling
    22 july 2016 06:13:30
    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...

  • UN: UN deputy chief stresses partnerships, coherence to tackle global challenges
    22 july 2016 06:03:12
    New York, US (PANA) - UN deputy chief Jan Eliasson on Thursday stressed the importance of partnerships and coherent policy and action in tackling global challenges, including inequalities, conflicts, terrorism and climate change, and achieving the new international development goals. Full text...

  • Nigeria: Nigeria officially in recession, Finance Minister
    21 july 2016 20:36:24
    Abuja, Nigeria (PANA) - Nigeria's Finance, Mrs. Kemi Adeosun, on Thursday admitted that the Nigeria is in recession. Full text...

  • Botswana: Pan Africa financial group, Letshego, granted banking licence in Namibia
    21 july 2016 15:51:53
    Gaborone, Botswana (PANA) - Botswana's Pan African financial service group, Letshego, has been awarded a commercial banking licence in Namibia, as part of the company’s aggressive expansion across the continent. Full text...

  • Kenya: Kenya Airways full year loss rises to US$262 million on currency risk
    21 july 2016 15:47:07
    Nairobi, Kenya (PANA) - A massive weakening of the Kenya Shilling and high interest rates pushed the Kenya Airways (KQ) full year loss to US$262 million in the financial year ending March 2016, the airline's top executive said on Thursday. Full text...

  • Ghana: Thursday's exchange rates for Ghana cedi
    21 july 2016 06:16:14
    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...

  • Senegal: Thursday's forex rates for the Gambian Dalasi
    21 july 2016 06:15:21
    Dakar, Senegal (PANA) – The following are Thursday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Tanzania: Thursday's exchange rates for Tanzania Shilling
    21 july 2016 06:11:37
    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...

  • Tanzania: IMF directors commend Tanzania’s strong macroeconomic performance
    20 july 2016 19:29:47
    Dar es Salaam, Tanzania (PANA) – Executive Directors of the International Monetary Fund (IMF) have commended Tanzania’s strong macroeconomic performance, with high growth and low inflation, and noting that, despite some delays in the structural reform agenda, the country’s outlook remains favourable. Full text...

  • Kenya: EU agrees protection to Kenyan farmers over EAC trade impasse
    20 july 2016 18:04:08
    Nairobi, Kenya (PANA) - On the verge of losing access to the lucrative export markets, the European Union (EU) said Wednesday it was prepared to consider a request for Kenyan exporters to continue exports to the EU, should the two sides fail to sign a free trade pact which has left the East African region divided. Full text...

  • Tanzania: China’s Exim Bank loans Tanzania US$7.6 billion for railway project
    20 july 2016 17:43:16
    Dar es Salaam, Tanzania (PANA) - Exim Bank of China has agreed to extend to Tanzania a concessional loan of US$ 7.6 billion for financing the construction and modernization of the country’s railway network, the Bank’s president, Mr. Liu Liang announced Wednesday after his meeting with Tanzanian President John Pombe Magufuli. Full text...

  • Mauritania: Wednesday’s exchange rates for Mauritanian Ouguiya
    20 july 2016 11:49:09
    Nouakchott, Mauritania (PANA) – The following are Wednesday's exchange rates for the Mauritanian Ouguiya as issued by the Central Bank of Mauritania. Full text...

  • Rwanda: RwandAir Express resumes Kigali-Juba flights
    20 july 2016 10:58:42
    Kigali, Rwanda (PANA) - Rwanda's national carrier, RwandAir Express, will resume direct flights between Kigali and Juba on Wednesday after they were suspended on 10 July, due to the renewed fighting in the South Sudan capital city, the airline said in a statement made available to PANA in Kigali. Full text...

  • Mauritius: Wednesday's forex rates for Mauritian Rupee
    20 july 2016 08:31:16
    Port-Louis, Mauritius (PANA) – The following are Wednesday's foreign exchange rates for the Mauritian Rupee as issued by the Commercial Bank of Mauritius. Full text...

  • Rwanda: Wednesday's forex rates for Rwandan franc
    20 july 2016 08:21:39
    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...

  • Senegal: Wednesday's forex rates for the Gambian Dalasi
    20 july 2016 06:14:23
    Dakar, Senegal (PANA) – The following are Wednesday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Tanzania: Wednesday's exchange rates for Tanzania Shilling
    20 july 2016 06:04:24
    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
    20 july 2016 05:52:51
    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...

  • Kenya: Nigerian, SA ministers urge trade reforms to spur economic growth in Africa
    19 july 2016 18:18:00
    Nairobi, Kenya (PANA) - Nigerian Trade Minister Okechukwu Enelamah has called for reforms focusing on trade and economic development to enable faster growth and reduction of poverty in Africa. Full text...

  • UN: UN releases first report on achieving SDGs
    19 july 2016 15:55:10
    New York, US (PANA) - As the world begins the implementation of the 2030 Agenda for Sustainable Development and its 17 Sustainable Development Goals (SDGs), 13 per cent of the world population still lives in extreme poverty, 800 million people are suffering from hunger and 2.4 billion live without improved sanitation, UN Secretary-General Ban Ki-moon said on Tuesday. Full text...

  • Tanzania: IMF cuts global growth forecasts on Brexit, warns of risks to outlook
    19 july 2016 15:48:55
    Dar es Salaam, Tanzania (PANA) - The International Monetary Fund (IMF) has cut its forecasts for global economic growth this year and next as the unexpected U.K. vote to leave the European Union has created a wave of uncertainty amid already-fragile business and consumer confidence. Full text...

  • South Africa: IMF official urges fundamental economic reforms in South Africa
    19 july 2016 14:45:00
    Johannesburg, South Africa (PANA) – Economic challenges currently facing South Africa call for reforms that create opportunities and enable all people to successfully pursue them - particularly the excluded one-third of the population, according to David Lipton, First Deputy Managing Director of the International Monetary Fund (IMF). Full text...

  • Rwanda: Tuesday's forex rates for Rwandan franc
    19 july 2016 13:20:18
    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...

  • US: US to host AGOA Forum in September
    19 july 2016 07:13:13
    Washington, DC, US (PANA) - The United States will host the 15th annual U.S.-sub-Saharan Africa Trade and Economic Cooperation Forum, commonly known as the AGOA Forum, on 26 September, 2016, at the U.S. Department of State, in Washington, D.C. Full text...

  • Senegal: Tuesday's forex rates for the Gambian Dalasi
    19 july 2016 06:39:13
    Dakar, Senegal (PANA) – The following are Tuesday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Ghana: Tuesday's exchange rates for Ghana cedi
    19 july 2016 06:37:30
    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...

  • Tanzania: Tuesday's exchange rates for Tanzania Shilling
    19 july 2016 06:36:16
    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...

  • UN: ILO report says trade-related labour provisions don't hamper business
    18 july 2016 19:43:50
    New York, US (PANA) -Trade-related labour provisions that address labour relations or minimum working conditions for employees, do not harm business or make trade provisions less popular, according to a study released on Monday by the International Labour Organization (ILO). Full text...

  • Kenya: Sudan calls on UNCTAD to lift trade sanctions
    18 july 2016 17:44:24
    Nairobi, Kenya (PANA) - Sudanese Trade minister Salah El-Hassan Saeed has asked the UN Conference on Trade and Development (UNCTAD) to urgently intervene on its request to join the World Trade Organisation (WTO) and order the lifting of international trade sanctions against Khartoum. Full text...

  • AU Summit: Countries set new import tax rules to reduce dependence on donors
    18 july 2016 15:43:06
    Kigali, Rwanda (PANA) - The 27th African Union (AU) summit ended Monday in Kigali, Rwanda, with a commitment for the first time in the continental body's history to come up with new strategies to reduce dependence on donors, PANA correspondent reported here. Full text...

  • Kenya: Namibia, Kenyan leaders press for global trade reforms at UNCTAD talks
    18 july 2016 15:32:36
    Nairobi, Kenya (PANA) - Visiting Namibian President Hage Geingob and his Kenyan host President Uhuru Kenyatta led calls Monday for the reform of the global trading system during high-level talks on globalization and trade at the start of the 14th session of the UN Conference on Trade and Development (UNCTAD) in Nairobi, Kenya. Full text...

  • Nigeria: Inflation records fifth monthly consecutive increase
    18 july 2016 15:17:47
    Abuja, Nigeria (PANA) – For the fifth consecutive month since February 2016, Nigeria's inflationary trend has maintained steady increases, galloping to 16.5 per cent in the month of June, according to a report released Monday by the Nigerian National Bureau of Statistics (NBS). Full text...

  • Mauritius: Monday's forex rates Mauritian Rupee
    18 july 2016 10:04:46
    Port-Louis, Mauritius (PANA) – The following are Monday's foreign exchange rates for the Mauritian Rupee as issued by the Commercial Bank of Mauritius. Full text...

  • Tanzania: Monday's exchange rates for Tanzania Shilling
    18 july 2016 06:29:33
    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...

  • Senegal: Monday's forex rates for the Gambian Dalasi
    18 july 2016 06:15:20
    Dakar, Senegal (PANA) – The following are Monday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Ghana: Monday's exchange rates for Ghana cedi
    18 july 2016 05:12:24
    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...

  • Kenya: Ban urges broader partnerships, investments to drive global development
    17 july 2016 19:14:32
    Nairobi, Kenya (PANA) - UN Secretary-General Ban Ki-moon on Sunday in Nairobi, Kenya, urged participants at the 14th session of the UN Conference at Trade and Development (UNCTAD), to focus on strong collaboration, equality and inclusion in trade, finance and investment, in order to better align action with agreed-upon sustainable development targets and help restore trust in the global economy. Full text...

  • Senegal: Saturday's forex rates for Gambian Dalasis
    16 july 2016 07:50:25
    Dakar, Senegal (PANA) – The following are Saturday’s foreign exchange rates for the Gambian currency, the Dalasis (D), as published by Trust Bank Gambia ltd: Full text...

  • Rwanda: Friday's forex rates for Rwandan franc
    15 july 2016 11:52:30
    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...

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