Economy -
  • Friday's forex rates for the Mauritian Rupee
    16 november 2018 08:19:20
    Port-Louis, Mauritius (PANA) - Following are Friday’s foreign exchange rates for the Mauritian Rupee as issued by the Commercial Bank of Mauritius. Full text...

  • Africa Investment Forum 2018: a new bold vision tilts capital flows into Africa
    15 november 2018 13:30:06
    Abidjan, Cote d'Ivoire (PANA) - “Vision is the art of seeing what is invisible to others,” according to a popular saying. And this was exactly happened when the African Development Bank (AfDB) President, Akinwumi Adesina, laid out his vision to tilt the flow of capital into Africa by convening the first transaction-based investment forum, many did not see what was coming ahead. Full text...

  • A-List Attendees throw weight behind Africa Investment Forum 2018
    15 november 2018 13:20:01
    Johannesburg, South Africa (PANA) - Heads of State, presidents of Development Finance Institutions (DFIs), global and regional investors, business moguls and other A-list attendees are lauding the recently-concluded inaugural Africa Investment Forum (AIF) as an unprecedented game changer for Africa. Full text...

  • Donors commend NEPAD-IPPF’s operational performances
    15 november 2018 13:18:23
    Johannesburg, South Africa (PANA) - The 28th NEPAD-Infrastructure Project Preparation Facility (NEPAD-IPPF) Oversight Committee Meeting held at Sandton Sun Hotel, Sandton City, Johannesburg, South Africa on 5 November, 2018, has commended the operational performances of the Facility. Full text...

  • 'Use of blended finance as tool for scaling up investment in Africa, on the rise'
    15 november 2018 12:57:06
    Abidjan, Cote d'Ivoire (PANA) - The use of blended finance as a tool to address risk perceptions and crowd in private investment to develop Africa and achieve the Sustainable Development Goals (SDGs) is on the rise, according to delegates who attended the recently-concluded inaugural Africa Investment Forum (AIF), in Johannesburg, South Africa. Full text...

  • Thrusday's exchange rates for the Mauritanian Ouguiya
    15 november 2018 11:11:08
    Nouakchott, Mauritanie (PANA) - Following are Thrusday's foreign exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Thursday's forex rates for the CFA Franc in Central Africa
    15 november 2018 08:01:04
    Libreville, Gabon (PANA) – Following are Thursday’s foreign exchange rates for the CFA Franc as issued by the Bank of Central African States. Full text...

  • Thursday's forex rates for the Mauritian Rupee
    15 november 2018 07:59:09
    Port-Louis, Mauritius (PANA) - Following are Thursday’s foreign exchange rates for the Mauritian Rupee as issued by the Commercial Bank of Mauritius. Full text...

  • Congo’s non-oil sector wallows in deep recession – IMF team
    14 november 2018 19:26:38
    Brazzaville, Congo (PANA) – Congo’s stabilizing economic activity reflects diverging trends in the local oil and non-oil sectors, according to an International Monetary Fund (IMF) staff team that on Wednesday completed a nine-day visit to the country. Full text...

  • President Ouattara urges WAEMU countries to invest in renewable energy sources
    14 november 2018 18:14:16
    Lomé, Togo (PANA) – Ivorian President Alassane Ouattara on Wednesday called on member countries of the West African Economic and Monetary Union (WAEMU) to ‘invest massively’ in renewable energy sources, noting that less than half of the regional population has access to energy. Full text...

  • President Macron attends launch of high-speed train in Morocco
    14 november 2018 16:59:07
    Paris, France (PANA) - French President Emmanuel Macron will on Thursday, together with Moroccan King Mohammed VI, attend the official launch of a high-speed 200km railway linking Tangiers and Casablanca via Rabat, it was confirmed here on Wednesday. Full text...

  • Pan-African investment platform launched in Côte d'Ivoire
    14 november 2018 14:18:42
    Abidjan, Côte d'Ivoire (PANA) – A new Pan-African investment platform, called the New African Capital Partners (NACP), was launched on Tuesday in Cote d'Ivoire, according to a communiqué issued here on Wednesday. Full text...

  • Wednesday's forex rates for Rwandan Franc
    14 november 2018 14:01:21
    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...

  • IMF warns Gambia of dangers of its high debt
    14 november 2018 11:24:23
    Banjul, Gambia (PANA) - The International Monetary Fund (IMF) representative in the Gambia on Tuesday warned the West African country of its high debt to GDP ratio which stood at 88 per cent in 2017. Full text...

  • Wednesday's exchange rates for the Mauritanian Ouguiya
    14 november 2018 10:29:12
    Nouakchott, Mauritania (PANA) - Following are Wednesday's exchange rates for the Mauritanian Ouguiya, as issued by the Bank of Central African States. Full text...

  • Wednesday's exchange rates for Ghana cedi
    14 november 2018 09:10:58
    Accra, Ghana (PANA) - The following are Wednesday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Wednesday's forex rates for the CFA Franc in Central Africa
    14 november 2018 09:03:00
    Libreville, Gabon (PANA) – Following are Wednesday’s foreign exchange rates for the CFA Franc as issued by the Bank of Central African States. Full text...

  • Wednesday’s forex rates for the Gambian Dalasi
    14 november 2018 08:18:01
    Banjul, Gambia (PANA) – The following are Wednesday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Wednesday's forex rates for the Mauritian Rupee
    14 november 2018 08:16:07
    Port-Louis, Mauritius (PANA) - Following are Wednesday’s foreign exchange rates for the Mauritian Rupee as issued by the Commercial Bank of Mauritius. Full text...

  • Cameroonian authorities commit to re-prioritize domestically financed public investment
    13 november 2018 18:48:53
    Yaoundé, Cameroon (PANA) – An International Monetary Fund (IMF) team on Tuesday reached staff-level agreement with Cameroonian authorities on economic and financial policies that could support approval of the third review of their three-year programme supported by the Extended Credit Facility (ECF). Full text...

  • International Forum on Renewable Energy marks 45 years of BOAD
    13 november 2018 16:55:35
    Lomé, Togo (PANA) - An International Forum on Renewable Energy opens in Lomé on Wednesday as part of events to mark the 45th anniversary of the West African Development Bank (BOAD), PANA learned Tuesday from the bank headquarters in the Togolese capital. Full text...

  • Train services to resume soon on Bamako-Dakar railroad
    13 november 2018 16:40:09
    Bamako, Mali (PANA) - Passenger and freight trains will soon start rolling between Mali and Senegal after several months of interruption, Malian Transport minister Soumana Mory Coulibaly has said. Full text...

  • Tuesday's forex rates for Rwandan Franc
    13 november 2018 15:22:17
    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...

  • Electronic commerce targeted to narrow intra-Africa trade gaps
    13 november 2018 14:47:56
    Nairobi, Kenya (PANA) – African countries could rapidly increase the trade volumes and narrow down the gaps which hamper trade between countries in the region, officials said ahead of the upcoming UN Conference on Trade and Development (UNCTAD) World Electronic Commerce week in Nairobi, Kenya. Full text...

  • South African Bank liquidated over graft scandal
    13 november 2018 11:36:51
    Cape Town, South Africa (PANA) – The North Gauteng High Court on Tuesday issued a final order to liquidate VBS Mutual Bank which was embroiled in a massive graft scandal. Full text...

  • Tuesday's foreign exchange rates for the Mauritanian Ouguiya
    13 november 2018 10:15:22
    Nouakchott, Mauritania (PANA) - Following are Tuesday’s exchange rates for the Ouguiya, as issued by the Bank of Central African States. Full text...

  • Tuesday's exchange rates for the Mauritian Rupee
    13 november 2018 09:43:29
    Port-Louis, Mauritius (PANA) - Following are Tuesday’s exchange rates for the Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Tuesday’s forex rates for the Gambian Dalasi
    13 november 2018 07:41:55
    Banjul, Gambia (PANA) – The following are Tuesday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • AfDB achieves significant progress with energy projects across Africa
    12 november 2018 14:09:48
    Johannesburg, South Africa (PANA) - The just-concluded Africa Investment Forum (AIF) successfully convened key stakeholders, and provided an unprecedented platform for effective dialogue to drive investments into the continent. Full text...

  • Monday's forex rates for Rwandan Franc
    12 november 2018 11:25:51
    Kigali, Rwanda (PANA) - The following are Monday's foreign exchange rates for the Rwandan franc, as issued by the National Bank of Rwanda. Full text...

  • Monday's forex rates for the CFAF in Central Africa
    12 november 2018 11:20:10
    Libreville, Gabon (PANA) – Following are Monday’s exchange rates for the CFAF, as issued by the Bank of Central African States. Full text...

  • Monday's exchange rates for the Mauritian Rupee
    12 november 2018 10:34:43
    Port-Louis, Mauritius (PANA) – Following are Monday’s exchange rates for the Rupee, as issued by the commercial bank of Mauritius. Full text...

  • Monday's exchange rates for Ghana cedi
    12 november 2018 09:21:00
    Accra, Ghana (PANA) - The following are Monday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Monday’s forex rates for the Gambian Dalasi
    12 november 2018 08:35:51
    Banjul, Gambia (PANA) – The following are Monday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Burundi minister slams Kenya airways for suspending flights to Bujumbura
    10 november 2018 19:00:25
    Bujumbura, Burundi (PANA) - Burundian Minister of Transport, Public Works and Infrastructure, Jean Bosco Ntunzwenimana, on Saturday expressed sadness following the announcement by Kenyan civil aviation company, "Kenya Airways", that it is suspending flights to Bujumbura, the Burundian capital, as from 11 November, 2018, "for administrative reasons". Full text...

  • 'Africa Investment Forum exceeds expectations as the curtain falls'
    10 november 2018 13:13:49
    Johannesburg, South Africa (PANA) - The curtain fell on a three-day marathon investment marketplace on Friday, with transactions worth billions of dollars sealed. Full text...

  • Saturday's exchange rates for Mauritanian Ouguiya
    10 november 2018 13:03:42
    Nouakchott, Mauritanie (PANA) - Following are Saturday's exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania Full text...

  • At AIF, CwA assesses role in facilitating private sector investments
    10 november 2018 13:00:05
    Johannesburg, South Africa (PANA) - As part of the Africa Investment Forum (AIF), ministers from the G20 Compact with Africa (CwA) have assessed the impact and role of driving private sector investment into Africa. Full text...

  • Development Financial Institutions pledge joint effort to ramp up investment into Africa
    10 november 2018 12:42:13
    Johannesburg, South Africa (PANA) - Major Development Finance Institutions (DFIs) have agreed to join forces to help boost private investments in developing economies, particularly those in Africa. Full text...

  • Gabon unveils new oil licences
    10 november 2018 11:58:45
    Libreville, Gabon (PANA) - The Gabonese government on Friday launched its new round of oil licensing, covering 34 blocks of oil and gas, PANA learnt from the Gabonese Ministry of Petroleum and Hydrocarbons. Full text...

  • Investment interest secured for 45 deals, worth US$32bn, at AIF
    10 november 2018 11:39:18
    Johannesburg, South Africa (PANA) - The first of its kind transaction-based Investment Forum in Africa, on Friday unveiled the conclusions of the boardroom sessions at the heart of the Forum, which brought together over 1,000 participants from governments, the private sector, development finance institutions, commercial banks, and institutional investors such as sovereign wealth funds and pension funds. Full text...

  • Saturday's exchange rates for the CFAF in Central Africa
    10 november 2018 11:14:26
    Libreville, Gabon (PANA) - Following are Saturday's exchange rates for the CFAF, as issued by the Bank of Central African States (BEAC). Full text...

  • High-tech player, Mara, unveils first African-made smartphone
    10 november 2018 11:12:55
    Johannesburg, South Africa (PANA) - African high-tech player, Mara, on Friday announced the production of their newest product, the Maraphone – the first made-in-Africa, full-scale smartphone, soon to be manufactured in plants across Africa. Full text...

  • Saturday’s forex rates for Gambian Dalasi
    10 november 2018 10:47:49
    Banjul, Gambia (PANA) – The following are Saturday’s foreign exchange rates for the Gambian Dalasi (D), as published by Trust Bank Gambia Ltd: Full text...

  • South Africa’s IDC, AfDB sign loan agreement to ramp up Africa's industrial, infrastructure development
    10 november 2018 10:46:25
    Johannesburg, South Africa (PANA) - The African Development Bank (AfDB) and the Industrial Development Corporation (IDC) of South Africa, have signed a US$100 million and ZAR 1.3 billion loan agreement to finance industrial and infrastructure projects in South Africa and other African countries. Full text...

  • IMF staff anticipate Namibia’s growth to recover gradually after recession
    09 november 2018 20:01:10
    Windhoek, Namibia (PANA) – It is important for Namibia to remove obstacles to exports, reduce market barriers, and streamline business regulations that contribute to high business costs, while addressing the shortage of skilled workers, an International Monetary Fund (IMF) team observed Friday as it concluded a weeklong working visit to the southwestern African nation. Full text...

  • Burkinabe Civil society protests hike in fuel price
    09 november 2018 14:23:01
    Ouagadougou, Burkina Faso (PANA) - The Burkinabe National Coalition Against High Cost of Living, Corruption, Fraud, Impunity and Freedoms (CCVC), says it is "stunned and outraged by the 75 CFA franc increase announced on Thursday by the government on the liter of diesel and super gasoline. Full text...

  • IMF mission arrives in Gabon
    09 november 2018 12:14:27
    Libreville, Gabon (PANA) - A mission of the International Monetary Fund (IMF) has arrived in Gabon for a 10-day visit during which it will review Gabon's Economic Recovery Programme with the Minister of Economy, Jean-Marie Ogandaga. Full text...

  • Friday's exchange rates for the Mauritanian Ouguiya
    09 november 2018 12:09:15
    Nouakchott, Mauritania (PANA) – Following are Friday’s exchange rates for the Ouguiya, as issued by the central bank of Mauritania. Full text...

  • Friday's exchange rates for the Mauritian Rupee
    09 november 2018 12:07:06
    Port-Louis, Mauritius (PANA) – Following are Friday’s exchange rates for the Rupee, as issued by the commercial bank of Mauritius. Full text...

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