Economy -
  • Niger: WAEMU regional statistic programme opens in Niamey
    28 july 2015 22:03:13
    Niamey, Niger (PANA) – The third annual conference of the Regional Statistic Committee (CRS) of the West African Economic and Monetary Union (WAEMU) opened on Tuesday in Niamey. Full text...

  • Rwanda: Stock market appreciates over rising shares of key investors
    28 july 2015 21:45:55
    Kigali, Rwanda (PANA) - Rwanda's stock market on Tuesday closed higher for the second consecutive day with Rwanda Stock Exchange Share Index (RSI) and the All Share Index (ALSI) recording increases of 0.30 points and 0.04 points respectively. Full text...

  • Kenya: Kenya ready to host WTO ministerial conference
    28 july 2015 19:46:45
    Nairobi, Kenya (PANA) - Kenya's Foreign Affairs and International Trade Cabinet Secretary Amina Mohamed has said that necessary arrangements are in place and Kenya is ready to host the 10th World Trade Organization (WTO) Ministerial Conference in December 2015. Full text...

  • Congo: Chinese firm to build industrial parks in Congo
    28 july 2015 19:32:13
    Brazzaville, Congo (PANA) – A delegation of CGCOC Trading Company of China is currently in Brazzaville to present its designs for construction of four industrial parks in Congo Republic, the company's marketing supervisor, Li Zhi said Tuesday after his meeting with Congolese Minister for Special Economic Zones Alain Akouala Atipault. Full text...

  • Congo: Namibia, Congo to improve cooperation in several sectors
    28 july 2015 15:23:57
    Brazzaville, Congo (PANA) - Namibia and Congo have committed to raise their level of cooperation in several sectors and scale up their partnership, according to an official statement, published Tuesday in the Congolese capital. Full text...

  • Libya: Libya takes 4 African states to court over nationalized funds
    28 july 2015 15:15:16
    Tripoli, Libya (PANA) - The Libyan National Investment Authority (LIA) has launched a legal action against four African countries which nationalized the assets of the Libyan sovereign fund during the political crisis facing the country. Full text...

  • Sudan: Sudan constructs new sugar factory with loan from China
    28 july 2015 15:06:58
    Khartoum, Sudan (PANA) - Sudan will deploy US$ 488 million from a loan provided by China for the construction of a new sugar factory in central Sudan, about 300 km south of the capital, Khartoum, raising the number of sugar factories in the country to five. Full text...

  • Gabon: Tuesday's forex rates for Central African CFA
    28 july 2015 14:36:07
    Libreville, Gabon (PANA) – Following are Tuesday's foreign exchange rates for the CFA, issued by the bank of central African States (BEAC). Full text...

  • Rwanda: Afro-American Pop Star, Akon, to invest in solar energy schemes in Rwanda
    28 july 2015 13:07:20
    Kigali, Rwanda (PANA) - Popular Afro-American pop star, Akon, has arrived in Kigali where he has engaged in a series of meetings with senior Rwandan officials to discuss the implementation of power generation projects, focusing on solar energy schemes, under his charity initiative, dubbed "Akon Lighting Africa", an official source revealed here Tuesday. Full text...

  • Rwanda: Tuesday's forex rates for Rwandan Franc
    28 july 2015 10:29:11
    Kigali, Rwanda (PANA) - The following are Tuesday's exchange rates for the Rwandan Franc, as published by the National Bank of Rwanda: Full text...

  • Botswana: New pan-Africa company lists on Botswana bourse
    28 july 2015 09:46:52
    Gaborone, Botswana (PANA) - Pan-African investment firm Afinitas has listed on the Botswana bourse, PANA reported from here Tuesday. Full text...

  • Gambia: Tuesday’s forex rates for Gambian Dalasis
    28 july 2015 09:30:34
    Banjul, Gambia (PANA) - The following are Tuesday's exchange rates for the Gambian currency, the Dalasis: Full text...

  • Mauritius: Tuesday's forex rates for Rupee
    28 july 2015 08:26:53
    Port-Louis, Mauritius (PANA) - The following are Tuesday's exchange rates for the Mauritian Rupee: Full text...

  • Tanzania: Bharti Airtel to shake up Africa operations by reducing headcount
    28 july 2015 07:19:43
    Dar es Salaam, Tanzania (PANA) - Bharti Airtel is shaking up operations in Africa, where some 20 senior executives are moving out as the world's third-largest carrier takes steps to reduce headcount by 15 per cent to 20 per cent this financial year in a concerted bid to turn around the loss-making business. Full text...

  • UN: UN General Assembly endorses Addis Ababa Action Agenda
    28 july 2015 07:14:13
    New York, US (PANA) - The UN General Assembly has endorsed the new global action agenda for financing sustainable development adopted two weeks ago by a major UN conference, which was held in Addis Ababa, Ethiopia. Full text...

  • Tanzania: Tuesday's exchange rates for Tanzania Shilling
    28 july 2015 07:00:38
    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
    28 july 2015 06:58:26
    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...

  • Nigeria: Ex-Minister 'stole US$6b'
    27 july 2015 21:12:10
    Lagos, Nigeria (PANA) - An unidentified minister who served under the immediate past Nigerian federal government stole US$6 billion by selling crude oil and paying the money into private accounts, the local media reported Monday. Full text...

  • Cote d'Ivoire: PM seeks strengthened trade finance from Afreximbank
    27 july 2015 21:09:30
    Abidjan, Cote d'Ivoire (PANA) - Ivorian Prime Minister Daniel Kablan Duncan Monday in Abidjan called on the African Export- Import Bank (Afreximbank) to strengthen its trade finance support to the country to enable it raise its trade volume with other African countries to 50 per cent of its total external trade volume by 2020. Full text...

  • Rwanda: Rwanda stock exchange closes with raised turnover
    27 july 2015 16:29:17
    Kigali, Rwanda (PANA) - Rwanda's stock market on Monday closed higher with Rwanda Stock Exchange Share Index (RSI) and the All Share Index (ALSI) recording an increase of 0.38 points and 0.05 points respectively compared with the previous trading session, Rwanda Capital Market Authority (CMA) said in a statement issued to PANA in Kigali. Full text...

  • Botswana: 'Strike will not disrupt BURS revenue services'
    27 july 2015 15:33:16
    Gaborone, Botswana (PANA) - The Botswana Unified Revenue Service (BURS) has allayed fears that its services will come to a halt at the country’s points of entry following the ongoing strike by its employees. Full text...

  • Rwanda: Monday's forex rates for Rwandan Franc
    27 july 2015 15:21:55
    Kigali, Rwanda (PANA) - The following are Monday's foreign exchange rates for the Rwandan Franc, as published by the National Bank of Rwanda: Full text...

  • Zambia: Monday’s forex rates for Kwacha
    27 july 2015 13:15:32
    Lusaka, Zambia (PANA) - Following are Monday's foreign exchange rates for the Zambian kwacha, as released by the Bank of Zambia. Full text...

  • Senegal: Monday's forex rates for the Gambian Dalasis
    27 july 2015 11:40:46
    Dakar, Senegal (PANA) – The following are Monday’s exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Kenya: GE Africa to build 100MW wind farm in Kenya
    27 july 2015 08:03:33
    Nairobi, Kenya (PANA) - General Electric Company (GE) Africa has announced that it is partnering with Kipeto Energy Limited to build a new wind farm in Kenya’s Kajiado County. Full text...

  • Mauritius: Monday's forex rates for Rupee
    27 july 2015 07:48:36
    Port-Louis, Mauritius (PANA) - The following are Monday's exchange rates for the Mauritian Rupee: Full text...

  • Tanzania: Monday's exchange rates for Tanzania Shilling
    27 july 2015 07:45:48
    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...

  • Ghana: Monday's exchange rates for Ghana cedi
    27 july 2015 06:06:02
    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...

  • Belgium: EU allocates 20 million euros to road maintenance in Mali
    25 july 2015 16:54:09
    Brussels, Belgium (PANA) – The European Union has released 20 million euros to the Malian government for financing road maintenance projects, which will enable to create 6,680 jobs, official sources said. Full text...

  • Benin: Former Beninese minister involved in embezzlement of Dutch aid
    25 july 2015 14:16:26
    Cotonou, Benin (PANA) – Former Beninese Water minister, Barthelemy Kassa, currently Member of Parliament and president of a parliamentary group, as well as executives of the same ministry and some economic operators, have been indicted in a case of embezzlement of aid funds provided by the Netherlands for a potable water supply project in Benin, said an audit report issued Saturday by the Council of Ministers. Full text...

  • Senegal: Saturday's forex rates for Gambian Dalasis
    25 july 2015 12:12:29
    Dakar, Senegal (PANA) – The following are Saturday’s exchange rates for the Gambian Dalasis (D): Full text...

  • Kenya: President Obama hails Africa as future hub for global economic growth
    25 july 2015 12:10:20
    Nairobi, Kenya (PANA) - Visiting US President Barack Obama on has hailed Africa’s growth potential as the future hub of global economic growth and paid rare tribute to Zimbabwean voters for using technological innovations to advance democracy in a speech Saturday in Nairobi, Kenya. Full text...

  • Tanzania: US sanctions Tanzania’s commercial bank over suspected ties to money laundering
    25 july 2015 07:50:09
    Dar es Salaam, Tanzania (PANA) - FBME, one of Tanzania’s commercial banks, has been cut off from accessing the US financial system on suspicions that the bank has facilitated money laundering, terrorist financing, and organized crime. Full text...

  • Rwanda: Friday's exchange rates for Rwandan Franc
    24 july 2015 11:54:36
    Kigali, Rwanda (PANA) - The following are Friday's exchange rates for the Rwandan Franc, as published by the National Bank of Rwanda: Full text...

  • Senegal: Friday's forex rates for Gambian Dalasis
    24 july 2015 11:53:16
    Dakar, Senegal (PANA) - The following are Friday’s exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Mauritius: Friday's forex rates for Rupee
    24 july 2015 08:21:41
    Port-Louis, Mauritius (PANA) - The following are Friday's exchange rates for the Mauritian Rupee: Full text...

  • Ghana: Friday's exchange rates for Ghana cedi
    24 july 2015 08:20:27
    Accra, Ghana (PANA) - The following are Friday's average inter-bank exchange rates for the Ghana cedi, as announced by the Ghana Association of Bankers: Full text...

  • Tanzania: Friday's exchange rates for Tanzania Shilling
    24 july 2015 08:19:31
    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...

  • Rwanda: Rwandan stock market closes lower
    23 july 2015 17:32:05
    Kigali, Rwanda (PANA) - Rwanda 's stock market on Thursday remained on the slide whereby Rwanda Stock Exchange Share Index (RSI) and the All Share Index (ALSI) shares edged down 2.45 points and 0.31 points respectively, the Rwanda Capital Market Authority (CMA) said in a statement issued to PANA in Kigali. Full text...

  • Rwanda: Thursday's forex rates for Rwandan Franc
    23 july 2015 15:23:27
    Kigali, Rwanda (PANA) - The following are Thursday's foreign exchange rates for the Rwandan Franc, as published by the National Bank of Rwanda: Full text...

  • Gabon: Thursday's forex rates in Central Africa
    23 july 2015 13:43:03
    Libreville, Gabon (PANA) – The following are Thursday's foreign exchange rates the CFA Franc in Central African States. Full text...

  • Mauritius: Thursday's foreign exchange rates for Rupee
    23 july 2015 12:33:37
    Port-Louis, Mauritius (PANA) – The following are Thursday's foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Senegal: Thursday's forex rates for Gambian Dalasis
    23 july 2015 11:16:43
    Dakar, Senegal (PANA) - The following are Thursday’s exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Sudan: Sudan, Ethiopia sign electricity link contract
    23 july 2015 10:51:17
    Khartoum, Sudan (PANA) - Sudan and Ethiopia have signed a contract for an electric connection line of 500 kilovolt which will enable the Sudan to benefit from the electricity that will be generated from the Ethiopian Renaissance Dam. Full text...

  • Egypt: Afreximbank's rating goes from 'negative to stable'
    23 july 2015 09:21:51
    Cairo, Egypt (PANA) - The outlook on the Baa2 long-term issuer rating of the African Export-Import Bank (Afreximbank) has been changed from negative to stable, Moody's Investors Service announced Thursday. Full text...

  • Tanzania: Thursday's exchange rates for Tanzania Shilling
    23 july 2015 08:33:19
    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
    23 july 2015 07:34:35
    Accra, Ghana (PANA) - The following are Thursday's average inter-bank exchange rates for the Ghana cedi, as announced by the Ghana Association of Bankers: Full text...

  • Côte d'Ivoire: Initiative Trade Africa, US sign agreement protocol
    22 july 2015 21:41:30
    Abidjan, Côte d’Ivoire (PANA) – The US ambassador in Côte d'Ivoire, Terence P. McCulley and the Ivorian minister of Foreign Affairs and International Cooperation, Charles Koffi Diby, on Wednesday signed an protocol agreement on Initiative Trade Africa, to improve the business and trade opportunities in Côte d’Ivoire and the sub-region. Full text...

  • South Africa: Southern Africa comes up with roadmap on developmental state
    22 july 2015 18:18:05
    Pretoria, South Africa (PANA) – A regional conference on Building Democratic Developmental States for Economic Transformation in Southern Africa ended Wednesday in Pretoria, South Africa, with far reaching recommendations to provide policy guidance and roadmap on how countries in the region can achieve economic transformation and sustainable development through the developmental state paradigm. Full text...

  • South Africa: Development of market economy key to sustainable industrialization in Southern Africa
    22 july 2015 16:56:03
    Pretoria, South Africa (PANA) – A regional conference on Building Democratic Development States for Economic Transformation in Southern Africa has put emphasis on domestic capital accumulation and the development of market economy as key ingredients to sustainable industrialization and private sector-led economic growth. Full text...

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