Economy -
  • Tanzania: IMFC stresses continued growth momentum, enhanced resilience in global economy
    23 april 2017 08:31:03
    Dar es Salaam, Tanzania (PANA) - Acknowledging the role of the International Monetary Fund (IMF) in providing country-specific advice on the policy mix to sustain the ongoing recovery and address excessive global imbalances, the Fund's advisory body has called on the organization to promote policies that will expand opportunities, facilitate multilateral solutions to meet global challenges, and strengthen the international monetary system. Full text...

  • US: UN, World Bank sign new partnership to build resilience for most vulnerable
    23 april 2017 07:08:35
    Washington, D.C., US (PANA) – Building resilience for the world's most vulnerable people by reducing poverty, promoting shared prosperity, enhancing food security, and sustaining peace in crisis-affected situations will be the focus of a new partnership framework agreed by the United Nations and World Bank. Full text...

  • US: Germany, IMF strengthen capacity development cooperation in Africa
    22 april 2017 08:39:17
    Washington, D.C., US (PANA) - Germany will provide €15 million in support of the International Monetary Fund’s capacity development activities across Africa in the context of the G-20 Compact with Africa, Germany’s Federal Minister of Finance, Wolfgang Schäuble, announced in Washington on Friday. Full text...

  • US: Addressing ‘fragility’ of societies key to preventing conflicts - Guterres
    21 april 2017 20:46:50
    Washington, DC, US (PANA) - Noting that a key trigger common to nearly all conflicts is the element of fragility – fragility of States, of institutions, or of societies – United Nations Secretary General António Guterres has called for increasing investments in preventative measures that address the problem of fragility before it turns into conflict. Full text...

  • South Africa: China asked to relocate its labour-intensive industries to Africa
    21 april 2017 20:27:12
    Johannesburg, South Africa (PANA) – China, a strategic partner for Africa, has been asked to make an important contribution to Africa’s diversification by outsourcing and relocating its labour-intensive industries as well as low-skilled jobs to Africa, while developing more capital-intensive, high-tech industries within China. Full text...

  • South Africa: SADC states urged to harmonise polices to manage operations of Chinese companies
    21 april 2017 19:11:47
    Johannesburg, South Africa (PANA) – Experts meeting for a research seminar on the Prospects for the Southern African Development Community (SADC) Regional Integration through Industrialization and the Role of China concluded their meeting Friday with a call on member states to develop harmonized policies to manage the operations of Chinese companies and ensure that the companies comply. Full text...

  • South Africa: SADC nations must align China’s assistance to national, regional strategies
    21 april 2017 15:09:14
    Johannesburg, South Africa (PANA) – The Southern Africa Development Community (SADC) and national governments must ensure that China’s assistance and investment are aligned to national and regional strategies, says Claude Kabemba, Director of the Southern Africa Resources Watch. Full text...

  • Mauritania: Friday's foreign exchange rates for Mauritanian Ouguiya
    21 april 2017 12:28:04
    Nouakchott, Mauritania (PANA) - Following are Friday’s exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Mauritius: Friday's forex rates for Mauritian Rupee
    21 april 2017 11:22:16
    Port-Louis, Mauritius (PANA) - Following are Friday’s exchange rates for the Mauritian Rupee, as issued by the commercial bank of Mauritius. Full text...

  • US: IFAD boss highlights making the most of Africa’s rural youth
    21 april 2017 10:22:58
    Washington, DC, US (PANA) - The potential powerhouse of energy and creativity of the world’s 1.2 billion young people has been highlighted by Gilbert F. Houngbo, President of International Fund for Agricultural Development (IFAD) during the annual spring meetings of the World Bank Group (Bank) and the International Monetary Fund (IMF) that are currently underway in the US capital. Full text...

  • Gambia Friday's forex rates for the Gambian Dalasi
    21 april 2017 08:26:58
    Banjul, Gambia (PANA) – The following are Friday’s exchange rates for the Gambian currency, the Dalasi (D), as published by Trust Bank Gambia Ltd: Full text...

  • Ghana: Friday's exchange rates for Ghana cedi
    21 april 2017 06:55:13
    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...

  • South Africa: ECA prods experts to review SADC new industrialization roadmap
    20 april 2017 19:36:58
    Johannesburg, South Africa (PANA) – The United Nations Economic Commission for Africa (ECA) Sub-regional office for Southern Africa has implored experts gathered in Johannesburg, South Africa, for a research seminar, to review the newly crafted Southern African Development Community (SADC) Industrialization Strategy and Roadmap. Full text...

  • South Africa: SADC countries face numerous challenges with the push for industrialisation
    20 april 2017 16:03:10
    Johannesburg, South Africa (PANA) – Many countries from the Southern Africa Development Community (SADC) are facing difficulties as they push for industrialisation and at core are issues relating to the declining GDP growth in most countries, the high cost of energy and the poorly developed and integrated road, rail and air infrastructure. Full text...

  • Mauritius: Thursday's exchange rates for Rupee
    20 april 2017 14:04:45
    Port-Louis, Mauritius (PANA) - Following are Thursday’s exchange rates for the Rupee, as issued by the Commercial bank of Mauritius. Full text...

  • Mauritania: Thursday's forex rates for Ouguiya
    20 april 2017 13:58:57
    Nouakchott, Mauritania (PANA) - Following are Thursday’s foreign exchange rates for the Ouguiya, as issued by the Central bank of Mauritania. Full text...

  • South Africa: 'SADC industrialization policy must involve disadvantaged groups'
    20 april 2017 11:50:07
    Johannesburg, South Africa (PANA) – Oxfam International has challenged experts at a research seminar scrutinizing the Southern African Development Community (SADC) industrialization policy and the Role of China to seriously think of how industrialization can happen in Africa that will be inclusive and benefit all groups of people. Full text...

  • Botswana: Botswana economy remains in doldrums - Khama
    20 april 2017 10:04:43
    Gaborone, Botswana (PANA) - Botswana is still in economic doldrums six years after the global meltdown, the country’s President Ian Khama has said. Full text...

  • Gambia: Thursday's forex rates for the Gambian Dalasi
    20 april 2017 08:16:43
    Banjul, Gambia (PANA) – The following are Thursday’s exchange rates for the Gambian currency, the Dalasi (D) as published by Trust Bank Gambia ltd: Full text...

  • Ghana: Thursday's exchange rates for Ghana cedi
    20 april 2017 06:56:58
    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...

  • Kenya: Kenyan economy grows 5.8% on strong service sector demand
    19 april 2017 18:41:45
    Nairobi, Kenya (PANA) - Kenya’s economy grew to 5.8 percent with the gross domestic product rising to US$70.5 billion in 2016 from US$63.7 billion on the back of renewed economic growth from key sectors of tourism, mining, transport and the real estate, Kenya’s latest economic survey showed on Wednesday. Full text...

  • Rwanda: Wednesday's forex rates for Rwandan Franc
    19 april 2017 12:37:34
    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...

  • US: UN forum highlights stronger partnerships for financing sustainable development
    19 april 2017 07:57:44
    New York, US (PANA) – Underlining the importance of sustainable finance for the implementation of the 2030 Agenda for Sustainable Development, senior United Nations officials on Tuesday called for stronger partnerships with a diverse range of stakeholders to ensure that resource requirements are met. Full text...

  • Tanzania: Oxfam prods World Bank, IMF to recommit to combating climate change, inequality
    19 april 2017 07:34:15
    Dar es Salaam, Tanzania (PANA) - The World Bank and the International Monetary Fund (IMF) cannot allow political and economic shocks to hijack their ambitions to combat climate change and curb inequality, international agency Oxfam warned on Wednesday. Full text...

  • Tanzania: Wednesday's exchange rates for Tanzania Shilling
    19 april 2017 06:48:29
    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
    19 april 2017 06:00:38
    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: AfDB to participate in World Bank, IMF Spring Meetings
    18 april 2017 10:56:23
    Washington, DC, US (PANA) - The African Development Bank (AfDB) is participating in the 2017 Spring Meetings of the International Monetary Fund (IMF) and World Bank, in Washington, DC, from 18-23 April, the Bank said on Tuesday. Full text...

  • Tanzania: Tanzania prepares to set up helium production company
    18 april 2017 10:42:03
    Dar es Salaam, Tanzania (PANA) - Plans are afoot for the Tanzanian government to establish a specialised firm to handle the country's newly found helium gas deposits, Energy and Minerals minister Sospeter Muhongo has said, directing senior officials in his ministry to fast-track work with Helium One Limited of the UK on exploration and production. Full text...

  • Gambia: Tuesday's forex rates for the Gambian Dalasi
    18 april 2017 09:58:30
    Banjul, Gambia (PANA) – The following are Tuesday’s exchange rates for the Gambian currency, the Dalasi (D), as published by Trust Bank Gambia Ltd: Full text...

  • Tunisia: Tunisia's growth too slow to ease unemployment amidst rising debt - IMF
    18 april 2017 09:20:20
    Tunis, Tunisia (PANA) - Tunisia’s economy faces significant challenges, including high external and fiscal deficits, increasing debt, and growth that is too low to reduce unemployment, according to the latest observation on the country's economic performance by an International Monetary Fund (IMF) mission. Full text...

  • Tanzania: Tuesday's exchange rates for Tanzania Shilling
    18 april 2017 07:58:51
    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...

  • Kenya: Youth driven cultural incubation programme targets African multinationals
    18 april 2017 07:24:26
    Nairobi, Kenya (PANA) - The Global E-Schools and Communities Initiative (GESCI), created by the UN to champion a global Information Technology push in rural communities, is working with youth entrepreneurs to commercialise the African culture in a programme designed to promote creativity. Full text...

  • Ghana: Tuesday's exchange rates for Ghana cedi
    18 april 2017 06:27:24
    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...

  • Gambia: Monday's forex rates for the Gambian Dalasi
    17 april 2017 10:07:45
    Banjul, Gambia (PANA) – The following are Monday’s exchange rates for the Gambian currency, the Dalasi (D), as published by Trust Bank Gambia Ltd: Full text...

  • Mauritius: Monday's exchange rates for Mauritian rupee
    17 april 2017 09:38:32
    Port-Louis, Mauritius (PANA) - The following are Monday's exchange rates for the Mauritian rupee as announced by the Commercial Bank of Mauritius. Full text...

  • Cote d'Ivoire: AfDB to hold 2017 Annual Meetings in India in May
    17 april 2017 06:51:06
    Abidjan, Cote d'Ivoire (PANA) - The 2017 Annual Meetings of the African Development Bank (AfDB) Group will be held from 22-26 May in Ahmedabad, India. Full text...

  • Gambia: President Barrow swears in energy minister
    15 april 2017 14:39:42
    Banjul, Gambia (PANA) – Gambian President, Adama Barrow has sworn in the Minister of Petroleum and Energy, Fafa Sanyang, a statement from the presidency said on Saturday. Full text...

  • Kenya: IMF says Kenya's economy continues to 'perform well'
    15 april 2017 11:32:12
    Nairobi, Kenya (PANA) - The International Monetary Fund (IMF) says Kenya’s economy has continued to perform well, with real GDP growth reaching 5.9 percent in the first three quarters of 2016, up from 5.6 percent in 2015. Full text...

  • Gambia: Saturday's forex rates for Gambian Dalasi
    15 april 2017 10:24:12
    Banjul, Gambia (PANA) – The following are Saturday’s exchange rates for the Gambian currency, the Dalasi (D), as published by Trust Bank Gambia Ltd: Full text...

  • Tanzania: Tanzania 'hits soft patch' in slow budget implementation - IMF
    14 april 2017 17:45:14
    Dar es Salaam, Tanzania (PANA) - After remaining strong in 2016, with an estimated growth of about 7 percent, Tanzania's economy "has hit a soft patch in the context of slow budget implementation, a slowdown in monetary aggregates and credit to the private sector, and the impact of a drought," a visiting team of staff from the International Monetary Fund (IMF) said Friday. Full text...

  • Ghana: IMF lauds 'promising' initial economic steps of new Ghana government
    14 april 2017 17:42:43
    Accra, Ghana (PANA) - The International Monetary Fund (IMF) said the initial steps of Ghana's new government on the economy are promising, but more is needed. Full text...

  • Gabon: Friday's foreign exchange rates for CFAF in Central Africa
    14 april 2017 12:22:00
    Libreville, Gabon (PANA) - Following are Friday’s exchange rates for the CFA Franc in Central Africa, as issued by the Bank of Central African States. Full text...

  • Mauritius: Friday's forex rates for Mauritian Rupee
    14 april 2017 12:19:14
    Port-Louis, Mauritius (PANA) - Following are Friday’s exchange rates for the Mauritian Rupee, as issued by the Commercial bank of Mauritius. Full text...

  • Rwanda: Thursday's forex rates for Rwandan Franc
    13 april 2017 15:34:08
    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...

  • Mauritania: Thursday's forex rates for Ouguiya
    13 april 2017 12:59:13
    Nouakchott, Mauritania (PANA) - Following are Thursday’s exchange rates for the Ouguiya, as issued by the Central bank of Mauritania. Full text...

  • Mauritius: Thursday's exchange rates for Mauritian Rupee
    13 april 2017 11:57:25
    Port-Louis, Mauritius (PANA) - Following are Thursday’s exchange rates for the Mauritian Rupee, as issued by the Commercial bank of Mauritius. Full text...

  • Gambia: Thursday's forex rates Gambian Dalasi
    13 april 2017 09:58:21
    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...

  • Tanzania: Thursday's exchange rates for Tanzania Shilling
    13 april 2017 07:32:22
    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
    13 april 2017 06:12:11
    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: IMF team encourages Senegal to improve business climate
    12 april 2017 19:48:35
    Dakar, Senegal (PANA) - Senegal's economic outlook for 2017 remains favourable, with growth once again expected to exceed 6 percent, but this will require continued fiscal consolidation, strengthened public financial management and enhanced governance, improvements to the business climate, and measures to promote SMEs and social inclusiveness, according to an International Monetary Fund (IMF) staff team that on Wednesday completed a two-week visit to Dakar. Full text...

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