Economy -
  • Monday’s forex rates for the Gambian Dalasi
    18 december 2017 09:06:10
    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...

  • Monday's exchange rates for Ghana cedi
    18 december 2017 06:49:56
    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...

  • Niger’s economic performance impresses IMF Board
    17 december 2017 10:04:28
    Niamey, Niger (PANA) - Despite security challenges and unfavorable commodity prices, Niger’s economic performance has been satisfactory against the backdrop of a good crop season, with real GDP growing by 5 percent in 2016 while inflation remained contained at 0.2 percent, according to the International Monetary Fund (IMF). Full text...

  • Saturday’s forex rates for Gambian Dalasi
    16 december 2017 08:56:10
    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...

  • IMF appreciates Togo’s ‘moderate economic growth’ in 2017
    15 december 2017 17:41:41
    Lome, Togo (PANA) - The Executive Board of the International Monetary Fund (IMF) on Friday announced a release of US$35.61 million to Togo under the Extended Credit Facility (ECF) arrangement saying it has completed the first review of the country’s performance under the ECF supported programme. Full text...

  • Morocco’s economy springs back after 2016 drought
    15 december 2017 17:08:46
    Rabat, Morocco (PANA) - After last year’s drought, Morocco’s economic growth has picked up in 2017 and is expected to reach 4.4 percent, mostly driven by a significant rebound in agricultural activity while non-agricultural activity remains subdued, according to the International Monetary Fund (IMF). Full text...

  • EU gives Benin 23 billion for reforms
    15 december 2017 14:42:56
    Cotonou, Benin (PANA) - The European Union (EU) has given Benin a 23.800 billion CFAF aid for the modernisation of the State and decentralisation, sources close to the EU told PANA on Friday in Cotonou. Full text...

  • Friday’s forex rates for the Gambian Dalasi
    15 december 2017 09:17:55
    Banjul, Gambia (PANA) – The following are Friday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Friday's forex rates for the Mauritian Rupee
    15 december 2017 08:41:49
    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...

  • Friday's exchange rates for Ghana cedi
    15 december 2017 06:19:53
    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...

  • World Bank approves US$ 170m loan to boost livestock economy in Ethiopia
    14 december 2017 18:23:52
    Addis Ababa, Ethiopia (PANA) - The World Bank has approved an International Development Association (IDA) credit of US$170 million to boost the contribution of the livestock and fisheries sectors to Ethiopia’s economy, the Bank said on Thursday. Full text...

  • Mozambique faces challenging outlook as growth slows down
    14 december 2017 18:13:59
    Maputo, Mozambique (PANA) - Mozambique’s growth continues to slow down and the outlook remains challenging, requiring an urgent re-balancing of the policy mix to ensure durable macroeconomic stability and enhance inclusive growth prospects, an International Monetary Fund (IMF) mission observed on Thursday. Full text...

  • IMF says Tunisia’s economic vulnerabilities need urgent action
    14 december 2017 10:08:22
    Tunis, Tunisia (PANA) - Two opposing trends characterise the Tunisian economy at the end of this year, according to a senior official of the International Monetary Fund (IMF) who on Wednesday completed a mission on the second review of the country’s economic programme supported by the four-year IMF Extended Fund Facility (EFF). Full text...

  • IMF approves three-year policy coordination instrument for Seychelles
    14 december 2017 09:46:52
    Dar es Salaam, Tanzania (PANA) – Seychelles has not only become the first International Monetary Fund (IMF) member country to request a Policy Coordination Instrument (PCI) but also got it approved by the Fund’s Executive Board. Full text...

  • Thursday's forex rates for the Mauritanian Ouguiya
    14 december 2017 08:31:00
    Nouakchott, Mauritania (PANA) - Following are Thursday’s exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Thursday’s forex rates for the Gambian Dalasi
    14 december 2017 07:48:29
    Banjul, Gambia (PANA) – The following are Thursday’s foreign exchange rates for the Gambian Dalasi (D) as published by the Trust Bank Gambia Ltd: Full text...

  • Thursday's exchange rates for Ghana cedi
    14 december 2017 06:29:04
    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...

  • Women, youth and SMEs to benefit from AfDB's US$100-million loan to Mauritius
    13 december 2017 14:09:20
    Abidjan, Cote d'Ivoire (PANA) - Thousands of small and medium enterprises in Mauritius will benefit from a US$100-million loan to the country from the African Development Bank (AfDB). Full text...

  • Drought, terrorist attacks take toll on Somalia’s economy - IMF
    13 december 2017 10:59:38
    Mogadishu, Somalia (PANA) – Following the 2017 Article IV Consultation and the first review of the Staff Monitored Programme (SMP) with Somalia, the International Monetary Fund (IMF) has concluded that the 2017 drought and sporadic terrorist attacks took a toll on economic activity in the Horn of Africa country. Full text...

  • Wednesday's forex rates for the Mauritian Rupee
    13 december 2017 10:53:10
    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...

  • Wednesday’s forex rates for the Gambian Dalasi
    13 december 2017 10:14:30
    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...

  • IMF Board approves US$170.1m support for Guinea’s development plan
    13 december 2017 10:11:43
    Conakry, Guinea (PANA) – Following Guinea’s rebound from the adverse impact of the Ebola epidemic, the International Monetary Fund (IMF) has set aside US$170 million to support the West African nation’s economic policies and reforms to achieve high and more broad-based growth and reduce poverty while preserving macroeconomic stability. Full text...

  • Namibia’s economic growth set to speed up to 4 percent
    13 december 2017 09:52:52
    Windhoek, Namibia (PANA) - After years of exceptional growth, Namibia’s economy has entered an adjustment phase and growth is expected to turn slightly negative in 2017, compared to a growth of 1.1 percent in 2016, as large constructions in the mining sector have been completed and the government continues consolidating. Full text...

  • Tanzania, IMF staff complete talks on macroeconomic policies
    13 december 2017 09:42:02
    Dar es Salaam, Tanzania (PANA) – Tanzania needs to enhance its budget credibility and set realistic revenue projections to underpin implementable budget spending estimates, according to an International Monetary Fund (IMF) team that has just concluded a two-week visit to the East African country. Full text...

  • Wednesday's exchange rates for Ghana cedi
    13 december 2017 06:57:57
    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...

  • Commodity-dependent developing countries urged to diversify economies
    12 december 2017 10:36:29
    Geneva, Switzerland (PANA) - Without a renewed commitment to policy change, commodity-dependent developing countries (CDDCs) are by 2030 set to lag behind countries with more diverse economies in their social and economic achievements. Full text...

  • Tuesday’s forex rates for the Gambian Dalasi
    12 december 2017 07:58:39
    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...

  • Tuesday's exchange rates for Ghana cedi
    12 december 2017 06:41:16
    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...

  • Lift in global economy prompts opportunities to tackle deep-rooted dev't issues – UN
    11 december 2017 21:15:15
    New York, USA (PANA) – A three per cent upturn in the global economy has paved the way to readjust policy towards longer-term issues, such as addressing climate change, tackling existing inequalities and removing institutional obstacles to development, according to a new United Nations report on global economic prospects. Full text...

  • Tunisia, EU sign Open Sky agreement in Tunis
    11 december 2017 20:48:03
    Tunis, Tunisia (PANA) - Tunisia and the European Union on Monday signed the Open Sky agreement at a ceremony in Tunis which will involve all Tunisian airports, except Tunis-Carthage. Full text...

  • Monday's forex rates for Rwandan Franc
    11 december 2017 12:42:31
    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 Mauritian Rupee
    11 december 2017 08:47:13
    Port-Louis, Mauritius (PANA) - Following are Monday’s foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Monday's exchange rates for Ghana cedi
    11 december 2017 07:06:15
    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...

  • Monday’s forex rates for the Gambian Dalasi
    11 december 2017 07:05:29
    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...

  • Sudan bans importation of 19 commodities
    09 december 2017 15:24:45
    Khartoum, Sudan (PANA) - Sudan on Saturday decided to freeze imports of at least 19 commodities, under a policy seeking to shrink demand for hard currency Full text...

  • AfDB accelerates development pace in Tanzania with ‘High 5’ priorities
    09 december 2017 09:25:37
    Dar es Salaam, Tanzania (PANA) - The African Development Bank’s 2017 Country Results Brief on Tanzania, released recently, says Tanzania’s economic situation as that of a country at the crossroads that has maintained an average growth rate of 6% over the last decade — supported by the industrial sector and agricultural exports — with human development gains. Full text...

  • AfDB leading the way in renewable energy - President Adesina
    09 december 2017 09:24:09
    Abidjan, Cote d'Ivoire (PANA) - In line with the New Deal on Energy for Africa, the African Development Bank (AfDB) says it has approved US$324 million in loan support to two renewable energy projects in Morocco and Côte d’Ivoire that are expected to significantly increase power supplies and keep economic growth on track. Full text...

  • Senegal’s New Airport opens
    09 december 2017 06:43:09
    Dakar, Senegal (PANA) - Senegal’s new International Blaise Diagne Airport (AIBD), a 525-million-euro infrastructure masterpiece, co-financed with the African Development Bank (AfDB), opened on Thursday, confirming the Bank’s commitment to Africa’s air transportation development, and a strategic component of the High 5 agenda to integrate Africa. Full text...

  • Liberia gets 5 million euro EU boost for cocoa sector
    08 december 2017 14:16:04
    Monrovia, Liberia (PANA) – The European Union (EU) and Solidaridad West Africa have signed a 5 million Euro grant agreement to develop the cocoa sector in Liberia. Full text...

  • Friday’s forex rates for the Gambian Dalasi
    08 december 2017 13:24:35
    Banjul, Gambia (PANA) – The following are Friday’s foreign exchange rates for the Gambian Dalasi (D), as published by the Trust Bank Gambia Ltd: Full text...

  • Friday's forex rates for Rwandan Franc
    08 december 2017 12:03:34
    Kigali, Rwanda (PANA) - The following are Friday's foreign exchange rates for the Rwandan franc, as issued by the National Bank of Rwanda. Full text...

  • Friday's exchange rates for Tanzania Shilling
    08 december 2017 07:32:44
    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...

  • Friday's exchange rates for Ghana cedi
    08 december 2017 06:46:25
    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...

  • Thursday's forex rates for Rwandan Franc
    07 december 2017 13:42:56
    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...

  • Two West African scholars scoop top prize for labour market, taxation research
    07 december 2017 13:41:33
    Addis Ababa, Ethiopia (PANA) - Two West African economists have emerged winners from a selection of 36 academic papers presented at the 12th African Economic Conference for proposing reforms, including the de-regulation of the labour markets and the tax administration reforms aimed at raising government revenue. Full text...

  • Thursday's exchange rates for Ghana cedi
    07 december 2017 08:44:21
    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...

  • Mauritania obtains US$163.9m credit facility from IMF
    07 december 2017 08:02:18
    Nouakchott, Mauritania (PANA) – Mauritania has secured US$163.9 million in support for economic and financial reform from the International Monetary Fund (IMF) under the Fund’s three-year Extended Credit Facility (ECF), it was disclosed in Nouakchott on Thursday. Full text...

  • Thursday’s forex rates for the Gambian Dalasi
    07 december 2017 07:10:00
    Banjul, Gambia (PANA) – The following are Thursday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Thursday's exchange rates for Tanzania Shilling
    07 december 2017 06:51:39
    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...

  • African Economic Conference ends with calls for de-politicisation of mining sector
    06 december 2017 22:36:58
    Addis Ababa, Ethiopia (PANA) – The African Economic Conference concluded three-days of talks in Addis Ababa on Wednesday, calling for an end to the politicisation of the mining sector in Africa and a raft of reform measures which would lead to better livelihoods for the continent’s population. Full text...

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