Economy -
  • Wednesday's forex rates in Nigeria
    19 june 2013 20:32:36
    Lagos, Nigeria (PANA) - Following are the latest exchange rates for the Nigerian currency, the Naira: Full text...

  • Congo, Angola to jointly exploit Lianzi oil field
    19 june 2013 18:35:36
    Brazzaville, Congo (PANA) – Congolese and Angolan government officials rose from their meeting in Pointe-Noire Tuesday, agreeing to jointly exploit their common oil field in Lianzi, situated at the maritime border between the two countries, a communiqué released here Wednesday by the Congolese ministry of Hydro-fuel has indicated. Full text...

  • Wednesday’s forex rates for Mauritian Rupee
    19 june 2013 18:26:55
    Port-Louis, Mauritius (PANA) – Following are Wednesday's exchange rates for the Mauritian rupee: Full text...

  • Wednesday’s forex rates for Central African CFA
    19 june 2013 16:24:01
    Libreville, Gabon (PANA) – Following are Wednesday's foreign exchange rates for the CFA in central African States: Full text...

  • Wednesday's forex rates in Gambia
    19 june 2013 16:20:45
    Dakar, Senegal (PANA) – Following are Wednesday's forex rates for the Gambian currency, the Dalasis: Full text...

  • Latest forex rates for Mauritanian Ouguiya
    19 june 2013 11:38:33
    Nouakchott, Mauritania (PANA) - Following are Wednesday's exchange rates for the Mauritanian Ouguiya: Full text...

  • Botswana cuts bank rate
    19 june 2013 08:07:32
    Gaborone, Botswana (PANA) - Botswana’s central bank has slashed the country’s bank rate by half a percentage point to 8.5 percent, the bank announced after a meeting of its Monetary Policy Committee (MPC) on Tuesday. Full text...

  • Tanzania's forex rates Wednesday
    19 june 2013 08:01:29
    Dar es Salaam, Tanzania (PANA) - Following are Wednesday's exchange rates for the Tanzanian shilling: Full text...

  • Latest foreign exchange rates in Rwanda
    18 june 2013 21:27:38
    Kigali, Rwanda (PANA) – The following are the exchange rates for the Rwandan Franc against foreign currencies as issued in Kigali on Tuesday by the central bank of Rwanda. Full text...

  • Tuesday's forex rates in Nigeria
    18 june 2013 19:52:06
    Lagos, Nigeria (PANA) - Here Tuesday's foreign exchange rates for the Nigerian currency, the Naira: Full text...

  • EU, ACP MPs divided over EPAs
    18 june 2013 16:59:47
    Brussels, Belgium (PANA) – The rift between the European Union (EU) and the Africa, Caribbean and Pacific group (ACP) remained unresolved during negotiations on the Economic Partnership Agreements (EPAs), PANA reported from here. Full text...

  • Kenyan developers reach UNHCR 'hack' final contest
    18 june 2013 16:27:07
    Nairobi, Kenya (PANA) - Two projects developed by Kenya-based software developers have been selected as finalists at the two-day developer session or “hackathon”, organized by Refugees United and Ericsson at the weekend in Nairobi. Full text...

  • Sweden pledges US$1.125b facility for Nigerian firms
    18 june 2013 13:20:16
    Lagos, Nigeria (PANA) - The Swedish government, in conjunction with a consortium of international banks, has pledged a US$1.125 billion credit facility for any local haulage company operating in Nigeria that is interested in buying premium Mack trucks from its authorised dealer in the country, Lanre Shittu Motors. Full text...

  • Botswana's inflation drops, edges towards central bank target
    18 june 2013 12:23:31
    Gaborone, Botswana (PANA) - Botswana’s national year-on-year inflation rate has dropped sharply towards the central bank’s 3-6% objective, according to Statistics Botswana on Tuesday. Full text...

  • Tuesday’s forex rates for Mauritian rupee
    18 june 2013 11:56:16
    Port-Louis, Mauritius (PANA) - Following are Tuesday's exchange rates for the Mauritian rupee: Full text...

  • Tuesday’s forex rates for Mauritanian Ouguiya
    18 june 2013 11:54:22
    Nouakchott, Mauritania (PANA) - Following are Tuesday's exchange rates for the Mauritanian Ouguiya: Full text...

  • Tuesday’s forex rates for Central African CFA
    18 june 2013 11:52:19
    Libreville, Gabon (PANA) - Following are Tuesday's exchange rates for the CFA franc issued by the Bank of Central African States (BEAC): Full text...

  • EAC wants more flexibility in EPA talks with EU
    18 june 2013 09:49:29
    Dar es Salaam, Tanzania (PANA) - East African Community (EAC) Secretary General Richard Sezibera has called for a greater flexibility by the European Union (EU) on the contentious clauses touching on export taxes and most favourable nation (MFN) treatment in the ongoing regional negotiations for THE Economic Partnership Agreement (EPA). Full text...

  • Monday's forex rates in Rwanda
    17 june 2013 19:45:59
    Kigali, Rwanda (PANA) – The following are Monday's foreign exchange rates for the Rwandan franc: Full text...

  • Monday’s forex rates for Mauritian Rupee
    17 june 2013 19:24:24
    Port-Louis, Mauritius (PANA) – Following are Monday's foreign exchange rates for the Mauritian rupee: Full text...

  • ILO conference opens in Geneva focusing on jobs for Africa youth
    17 june 2013 19:12:06
    Lagos, Nigeria (PANA) - The 102nd session of the International Labour Organization (ILO) opened Monday in Geneva, Switzerland, with discussions on the need to expand job opportunities for the African youth, as the continent's population is expected to double in the next 50 years, the Executive Secretary of the Economic Commission for Africa (ECA), Mr. Carlos Lopes, said in statement, obtained here by PANA. Full text...

  • Telkom Kenya, Eaton sign 15-year tower management partnership
    17 june 2013 16:27:50
    Nairobi, Kenya (PANA) - Integrated telecommunications services provider, Telkom Kenya, which operates Orange's mobile and fixed-line telecommunications services in Kenya, have signed an agreement with Eaton Towers for the management of its passive network infrastructure. Full text...

  • AfDB President hails G8 countries
    17 june 2013 16:13:49
    Dakar, Senegal (PANA) - Donald Kaberuka, the President of African Development Bank (AfDB), Monday hailed the G8 for its emphasis on the issues around resource mobilization through greater transparency in taxation of Africa’s natural resources. Full text...

  • Monday's forex rates in Gambia
    17 june 2013 13:04:59
    Dakar, Senegal (PANA) - Following are Monday's exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Nigeria bank boosts mechanised farming with US$22m
    17 june 2013 12:19:28
    Lagos, Nigeria(PANA) - Nigeria's Bank of Agriculture (BOA) has signed a Memorandum of Understanding (MOU) with the country's Ministry of Agriculture for a 3.6 billion naira (US$22 million) facility for farm mechanisation programme in the country, as part of efforts to boost agricultural production. Full text...

  • Monday's forex rates for Mauritanian Ouguiya
    17 june 2013 12:14:11
    Nouakchott, Mauritania (PANA) - Following are Monday's exchange rates for the Mauritanian Ouguiya: Full text...

  • Why Nigerian external reserves remains stagnant at US$48b - report
    17 june 2013 12:11:24
    Lagos, Nigeria(PANA) - Nigeria's external reserves have remained stagnant at US$48 billion for over three months as a result of the volatility in crude oil prices, according to an independent outfit, Financial Derivatives Company Limited (FDCL). Full text...

  • Tanzania reduces current account deficit, external debt stock rises
    17 june 2013 10:59:15
    Dar es Salaam, Tanzania (PANA) - Net inflows of capital grants, foreign direct investment and foreign borrowing enabled Tanzania to narrow its current account deficit in April 2013 to US$3.9 billion, compared to US$4.5 billion in the corresponding period last year, according to the Bank of Tanzania. Full text...

  • Africa’s high-level panel on illicit financial flows meets in Lusaka
    17 june 2013 07:47:09
    Addis Ababa, Ethiopia (PANA) - Over 60 delegates comprising key stakeholders from East and Southern Africa are meeting in the Zambian capital, Lusaka, for two days from Monday to discuss the issue of illicit financial flows from Africa and its impact on the continent’s development. Full text...

  • Tanzania's forex rates Monday
    17 june 2013 07:43:08
    Dar es Salaam, Tanzania (PANA) - Following are Monday's exchange rates for the Tanzanian shilling: Full text...

  • ‘Regional sea link will boost trade in Africa’ - Nigerian bank official
    15 june 2013 16:01:17
    Lagos, Nigeria (PANA) - The abysmally law trading activities within West and Central Africa will soon receive a boost when a proposed regional sea link project becomes operational, a senior official of Nigerian Export Import Bank (NEXIM), Mr. Hope Yongo, has said. Full text...

  • Central African states to present policy statements to G8
    15 june 2013 14:35:10
    Libreville, Gabon (PANA) - Two major policy announcements, signed by the six African heads of state of the Communauté Economique et Monetaire de l’Afrique Centrale (CEMAC) summit in Libreville, Gabon, agreed on Friday are to be presented to the leaders of the G8 in London on Saturday. Full text...

  • More interventions needed to overcome Africa’s Aid for Trade constraints - ECA
    14 june 2013 21:20:25
    Lagos, Nigeria (PANA) - Urgent interventions are needed to overcome the short and long term constraints militating against the progress that could have been recorded in the "Aid for Trade (AfT)" in African initiative despite the fact that it is starting to show results. Full text...

  • Friday's forex rates in Nigeria
    14 june 2013 19:08:18
    Lagos, Nigeria (PANA) - Here are Friday's foreign exchange rates for the Nigerian currency, the Naira: Full text...

  • British PM Cameron lauds Ghana's economic progress
    14 june 2013 14:29:30
    Accra, Ghana (PANA) - British Prime Minister David Cameron on Friday lauded Ghana's swift economic progress over the last few years, becoming the eighth fastest growing economy in the world. Full text...

  • New York Forum Africa 2 opens in Libreville
    14 june 2013 12:21:40
    Libreville, Gabon (PANA) - The second edition of the New York Forum Africa opened Friday in Libreville, the Gabonese capital, under the theme "New challenges, new hopes, new leadership," PANA reported from here. Full text...

  • Friday’s forex rates for Mauritian rupee
    14 june 2013 11:52:10
    Port-Louis, Mauritius (PANA) – Following are Friday's foreign exchange rates for the Mauritian rupee: Full text...

  • Aid for Trade meeting to discuss plan to boost intra-Africa trade
    14 june 2013 11:48:51
    Addis Ababa, Ethiopia (PANA) - The Fourth Global Review of Aid for Trade is due to be held from 8-10 July 2013 in Geneva, Switzerland, bringing together key stakeholders worldwide, to monitor and discuss Aid for Trade (AfT) practices from the perspective of joining and adding value within the network of production chains, the UN Economic Commission for Africa (UNECA) said here Friday. Full text...

  • ECA sees positive trends in Africa’s Aid for Trade
    14 june 2013 11:39:06
    Addis Ababa, Ethiopia (PANA) - Although Aid for Trade in Africa is starting to show results, interventions are urgently needed to overcome the short- and long-term constraints, according to the UN Economic Commission for Africa (UNECA). Full text...

  • 'Kadhafi millions headIng back to Tripoli'
    14 june 2013 10:16:42
    Cape Town, South Africa (PANA) – The South African Treasury has confirmed that an agreement, to repatriate the millions of dollars held in South Africa by the Mouammar Kadhafi regime, has been reached with the Libyan Government, PANA reported Friday. Full text...

  • Tanzania's forex rates Friday
    14 june 2013 06:50:32
    Dar es Salaam, Tanzania (PANA) - Following are Friday's foreign exchange rates for the Tanzanian shilling: Full text...

  • China grants Mali 69.1 billion CFA for hydro-electric project
    13 june 2013 18:55:49
    Bamako, Mali (PANA) – China will grant Mali a loan of about 69.1 billion CFAF to enable the West African nation finance its hydro-electric project in Gouina, near Kayes, in the Western region, the Malian government indicated in a statement here Thursday. Full text...

  • Latest forex rates for Mauritian rupee
    13 june 2013 13:31:25
    Port-Louis, Mauritius (PANA) – Following are Thursday's foreign exchange rates for the Mauritian rupee: Full text...

  • Thursday’s forex rates for Mauritanian Ouguiya
    13 june 2013 13:28:27
    Nouakchott, Mauritania (PANA) – Following are Thursday's foreign exchange rates for the Mauritanian Ouguiya: Full text...

  • Nigerian banks ordered to check activities of terrorist groups
    13 june 2013 09:14:04
    Lagos, Nigeria (PANA) - In the aftermath of last week's proscription of Nigeria's Islamic sects Boko Haram and Ansaru by the Nigerian government, the country's apex Central Bank of Nigeria (CBN) has ordered banks to check the activities of the terrorist groups. Full text...

  • Tanzania bans importation, sale of used undergarments
    13 june 2013 08:57:08
    Dar es Salaam, Tanzania (PANA) - Concerned about the people’s health and the need to protect the environment, the Tanzanian government has, with immediate effect, banned the importation and sale of second-hand undergarments in the country. Full text...

  • Tanzania's forex rates Thursday
    13 june 2013 07:14:00
    Dar es Salaam, Tanzania (PANA) - Following are Thursday's exchange rates for the Tanzanian shilling: Full text...

  • Wednesday’s forex rates for Central African CFA F
    12 june 2013 18:18:55
    Libreville, Gabon (PANA) – Following are Wednesday's foreign exchange rates for the Central African CFA Franc: Full text...

  • Ghana's inflation inches up to 10.9%
    12 june 2013 18:15:47
    Accra, Ghana (PANA) - Ghana's rate of inflation for May inched up to 10.9% from 10.6% in April due to an increase in prices of electricity, imported items, housing and other utilities, the Ghana Statistical Service (GSS) announced on Wednesday. Full text...

  • President Mahama to attend G8 Summit on Tax, Trade and Transparency
    12 june 2013 14:35:59
    Accra, Ghana (PANA) - Ghana's President John Dramani Mahama has been invited by the British Prime Minister, David Cameron, to next Saturday's G8 Summit on Tax, Trade and Transparency in the UK, the Office of the President announced here Wednesday. Full text...

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