Economy -
  • Latest forex rates for Central African CFA
    24 may 2013 12:30:01
    Libreville, Gabon (PANA) - Following are the latest exchange rates for the CFA issued by the Bank of Central African States (BEAC) Friday: Full text...

  • Libya, Egypt and Sudan reach tripartite development pact
    24 may 2013 12:28:41
    Tripoli, Libya (PANA) - Libya, Egypt and Sudan have agreed on tripartite development pact in the areas of energy, food security, telecommunications as well as information and communications technology. Full text...

  • Friday's forex rates for Gambian Dalasis
    24 may 2013 12:10:41
    Dakar, Senegal (PANA) - Following are Friday's exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Tanzania's forex rates Friday
    24 may 2013 10:25:31
    Dar es Salaam, Tanzania (PANA) - Following are Friday's exchange rates for the Tanzanian shilling: Full text...

  • Nigerian airline, Aero, begins flights to Cameroon 27 May
    24 may 2013 09:03:17
    Lagos, Nigeria (PANA) - Nigeria's second largest airline, Aero Contractors, is due to begin flights to Douala, Cameroon's largest city, from Nigeria's economic capital city of Lagos on 27 May, the airline announced. Full text...

  • Thursday's forex rates in Nigeria
    23 may 2013 20:19:13
    Lagos, Nigeria (PANA) - Here are Thursday's foreign exchange rates for the Nigerian currency, the Naira: Full text...

  • UN report says global economic growth still sluggish
    23 may 2013 19:34:10
    New York, US (PANA) - A UN report, released on Thursday, said global economic growth would continue to be “below potential” this year, noting that, "job creation will be vital to spur recovery". Full text...

  • Latest forex rates in Rwanda
    23 may 2013 19:21:11
    Kigali, Rwanda (PANA) – Here are Thursday's foreign exchange rates for the Rwandan francs: Full text...

  • AfDB approves US$20 million trade finance line of credit for UT Bank Ghana
    23 may 2013 16:24:27
    Addis Ababa, Ethiopia (PANA) - The Board of Directors of the African Development Bank (AfDB) has approved a US$ 20 million Trade Finance Line of Credit for UT Bank Ghana (UT Bank) to support the trade finance activities of small and medium enterprises (SMEs) and local corporates in Ghana, it was announced Thursday. Full text...

  • Executive Council passes US$ 308 million budget for AUC
    23 may 2013 14:54:24
    Addis Ababa, Ethiopia (PANA) – The African Union Commission (AUC) is set to hit the ground running come January 2014 after the Executive Council approved a budget of US$308 million for the organisation’s annual activities, the Commission’s Deputy Chairperson, Erastus Mwencha, said here Thursday. Full text...

  • Thursday's forex rates in Zambia
    23 may 2013 14:50:25
    Lusaka, Zambia (PANA) – Following are Thursday's foreign exchange rates for the Zambian kwacha: Full text...

  • Thursday’s forex rates for Central African CFA
    23 may 2013 13:03:33
    Libreville, Gabon (PANA) – Following are Thursday's foreign exchange rates for the CFA in central African States: Full text...

  • Latest forex rates for Mauritian rupee
    23 may 2013 13:01:30
    Port-Louis, Mauritius (PANA) - Following are Thursday's exchange rates for the Mauritian rupee: Full text...

  • Thursday’s forex rates for Mauritanian Ouguiya
    23 may 2013 12:39:13
    Nouakchott, Mauritania (PANA) - Following are Thursday's exchange rates for the Mauritanian Ouguiya: Full text...

  • IMF approves US$2.3m for The Gambia
    23 may 2013 12:06:45
    New York, US (PANA) - The Executive Board of the International Monetary Fund (IMF) on Wednesday completed the first review of The Gambia’s economic performance under a programme supported by the Extended Credit Facility (ECF) arrangement. Full text...

  • 'Nigeria’s apex bank committed to e-payment’
    23 may 2013 11:47:00
    Lagos, Nigeria (PANA) - Governor of the Central Bank of Nigeria (CBN) Sanusi Lamido Sanusi has assured of the readiness of the apex bank to provide a secure and accessible payment infrastructure. Full text...

  • Tanzania's forex rates Thursday
    23 may 2013 07:22:09
    Dar es Salaam, Tanzania (PANA) - Following are Thursday's exchange rates for the Tanzanian shilling: Full text...

  • Wednesday's forex rates in Nigeria
    22 may 2013 19:29:43
    Lagos, Nigeria (PANA) - Following are Wednesday's foreign exchange rates in Nigeria: Full text...

  • Wednesday’s forex rates for Mauritian rupee
    22 may 2013 13:37:54
    Port-Louis, Mauritius (PANA) – Following are Wednesday's foreign exchange rates for the Mauritian rupee: Full text...

  • Nigerian airline jolted by arrest of two crew members over drugs
    22 may 2013 13:18:09
    Lagos, Nigeria (PANA) - Apparently jolted by Monday's arrest of two of its crew members in London for alleged drug trafficking and possession of banned substances, Nigeria's largest carrier Arik Air has vowed to prevent a similar incident in future. Full text...

  • Malawi President sells off controversial presidential jet
    22 may 2013 12:32:47
    Blantyre, Malawi (PANA) - Malawi President Joyce Banda has lived up to her vow to sell off the presidential jet which her predecessor bought in controversial circumstances. Full text...

  • Wednesday’s forex rates for Mauritanian Ouguiya
    22 may 2013 12:26:12
    Nouakchott, Mauritania (PANA) - Following are Wednesday's exchange rates for the Mauritanian Ouguiya: Full text...

  • Tanzania's forex rates Wednesday
    22 may 2013 07:07:45
    Dar es Salaam, Tanzania (PANA) - Following are Wednesday's exchange rates for the Tanzanian shilling: Full text...

  • Latest forex rates in Nigeria
    21 may 2013 19:53:45
    Lagos, Nigeria (PANA) - Here are Tuesday's foreign exchange rates for the Nigerian currency, the Naira: Full text...

  • 2 crew members of Nigerian airline arrested in London over drug trafficking
    21 may 2013 18:52:22
    Lagos, Nigeria (PANA) - Two crew members of Nigeria's Arik Air were arrested in London on Monday over alleged drug trafficking, according to the National Drug Law Enforcement Agency (NDLEA). Full text...

  • ECOWAS Peace Ambassador urges greater empowerment for the youth
    21 may 2013 18:13:07
    Abuja, Nigeria (PANA) - The reigning ECOWAS Peace Ambassador, Ms Hyeladzirra “Zirra” Banu, has called on ECOWAS governments and institutions to empower and create more opportunities for the youth as part of efforts to promote peace and stability and facilitate the region’s development. Full text...

  • Sub-regional workshop gets underway in Gambia
    21 may 2013 17:49:41
    Dakar, Senegal (PANA) – The Gambia is playing host to a five-day sub-regional workshop on fundamentals of ''macroeconomic analysis'' which opened on Monday in the country's second city of Serre Kunda. Full text...

  • Tuesday’s forex rates for CFA Franc in Central Africa
    21 may 2013 17:25:22
    Libreville, Gabon (PANA) – Following are Tuesday's foreign exchange rates for the Central African CFA Franc: Full text...

  • Tuesday's forex rates in Gambia
    21 may 2013 15:10:18
    Dakar, Senegal (PANA) – Following are Tuesday's forex rates for the Gambian currency, the Dalasis (D): Full text...

  • Tuesday’s forex rates for Mauritian rupee
    21 may 2013 14:33:33
    Port-Louis, Mauritius (PANA) – Following are Tuesday's foreign exchange rates for the Mauritian rupee: Full text...

  • Tuesday’s forex rates for Mauritanian Ouguiya
    21 may 2013 14:31:59
    Nouakchott, Mauritania (PANA) – Following are Tuesday's foreign exchange rates for the Mauritanian Ouguiya: Full text...

  • East, South African regional blocs to set up free trade zone in 2014
    21 may 2013 12:54:35
    Addis Ababa, Ethiopia (PANA) - The Economic Community of Central African States (ECCAS), the South African Development Community (SADC) and the Common Market for Eastern and Southern Africa (COMESA) have decided to create a free trade zone in 2014, AU Commissioner for Trade and Industry Fatima Haroun Acyl disclosed. Full text...

  • Nigeria’s Sovereign Wealth Fund set to take off
    21 may 2013 11:52:21
    Lagos, Nigeria (PANA) - The Nigeria Sovereign Investment Authority (NSIA) has announced the plan to kick off its activities in June with the disbursement of US$850 million out of the US$1 billion set aside for Nigeria's Sovereign Wealth Fund (SWF). Full text...

  • Tanzania's forex rates Tuesday
    21 may 2013 07:54:18
    Dar es Salaam, Ethiopia (PANA) - Following are Tuesday's exchange rates for the Tanzanian shilling: Full text...

  • IMF approves US$27.4m for Guinea
    21 may 2013 07:17:01
    New York, US (PANA) - The Executive Board of the International Monetary Fund (IMF) on Monday completed the second review of Guinea’s economic performance under a programme supported by the Extended Credit Facility (ECF). Full text...

  • Nigerian aviation workers suspend strike
    20 may 2013 20:56:13
    Lagos, Nigeria (PANA) - Staffers of the Nigerian Airspace Management Agency (NAMA) have suspended the strike they embarked upon on Monday to press for higher wages, the Ministry of Aviation said. Full text...

  • Monday's forex rates in Nigeria
    20 may 2013 19:23:23
    Lagos, Nigeria (PANA) - Here are Monday's foreign exchange rates for the Nigerian currency, the Naira: Full text...

  • Jonathan wants blockade of funds illegally leaving Africa
    20 may 2013 17:55:27
    Abuja, Nigeria (PANA) - Receiving a delegation of the United Nations’ High-Level Panel on Illicit Financial Flows from Africa in Abuja, the Nigerian capital city, President, Godluck Jonathan on Monday canvassed that all African governments must check the huge funds being illegally taken out of the continent. Full text...

  • AU official urges member states to pursue continental integration
    20 may 2013 15:37:08
    Addis Ababa, Ethiopia (PANA) – Member states of the African Union (AU) and political leaders must muster political will to surrender part of their sovereignty over trade, economic and financial issues to regional and continental supranational organisations because the continent must be fully integrated in the coming 50 years, a senior AU official said here Monday. Full text...

  • Nigerian aviation workers' strike fails to shut country's airspace
    20 may 2013 14:39:39
    Lagos, Nigeria (PANA) - The strike called by the aviation workers in the employ of the Nigerian Airspace Management Agency (NAMA), to press for higher wages, started off as scheduled on Monday, but failed to shut down the country's airspace as threatened by the workers. Full text...

  • Monday's forex rates in Zambia
    20 may 2013 14:07:10
    Lusaka, Zambia (PANA) – Following are Monday's foreign exchange rates for the Zambian kwacha: Full text...

  • 'METAD/Kabu Coffee Quality Control Lab gets Africa's 1st int'l certification'
    20 may 2013 14:02:58
    Addis Ababa, Ethiopia (PANA) - The Addis Ababa-based METAD/Kabu Coffee Quality Control Laboratory has become the first privately-owned African laboratory to be certified by the Specialty Coffee Association of America (SCAA), the world's largest coffee trade association, the Ethiopian company announced Monday. Full text...

  • Monday's exchange rates in Mauritania
    20 may 2013 12:32:03
    Nouakchott, Mauritania (PANA) - Following are Monday's exchange rates for the Mauritanian Ouguiya: Full text...

  • Latest exchange rates in Mauritius
    20 may 2013 12:09:50
    Port-Louis, Mauritius (PANA) - Following are Monday's exchange rates for the Mauritian rupee: Full text...

  • Lagos-bound SAA plane makes air return
    20 may 2013 10:04:59
    Lagos, Nigeria (PANA) - A Lagos-bound South Africa Airways (SAA) flight on Sunday made an air return to the OR Tambo Airport in Johannesburg after a spark was detected in the aircraft galley, the private Guardian newspaper reported here Monday, quoting SAA Consultant Tope Awe. Full text...

  • Nigerian aviation workers' strike to start Monday as unions deny pact
    19 may 2013 15:41:59
    Lagos, Nigeria (PANA) - Aviation unions in Nigerian on Sunday denied that an agreement has been reached to prevent Monday's scheduled start of a strike to push their demand for higher wages. Full text...

  • Sunday’s exchange rates for Mauritanian Ouguiya
    19 may 2013 14:19:44
    Nouakchott, Mauritania (PANA) - Following are Sunday's exchange rates for the Mauritanian Ouguiya: Full text...

  • Nigeria banks 'dump' commercial airlines for private jet owners
    19 may 2013 10:42:59
    Lagos, Nigeria (PANA) - Nigerian banks prefer extending finance offers to high-net-worth individuals, including business moguls and top politicians, to buy private jets instead of giving such to commercial airliners, the private Punch newspaper reported on Sunday, quoting aviation sources. Full text...

  • Nigeria's aviation unions suspend planned strike
    19 may 2013 09:28:51
    Lagos, Nigeria (PANA) - The three aviation unions that threatened to shut the Nigerian airspace starting from Monday over the failure of the authorities to pay them higher wages have suspended their planned strike. Full text...

  • Profits of Bank of Central African States down in 2012
    17 may 2013 20:54:43
    Brazzaville, Congo (PANA) – The Bank of Central African States (BEAC) made a profit of 17.951 billion CFAF last financial year, down by 5.192 billion CFAF on the 2011 figure, says an official statement issued on Friday in the Congolese capital, Brazzaville. Full text...

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