Economy -
  • AU marks milestone in self-financing initiative
    19 october 2018 19:25:05
    Addis Ababa, Ethiopia (PANA) - The African Union (AU) has marked a major milestone in the implementation of plans to make it self-sustaining in financial matters, an AU official said Friday. Full text...

  • Acacia Mining firm turns out over 136,000 oz of gold in third quarter
    19 october 2018 17:20:36
    Dar es Salaam, Tanzania (PANA) – Tanzania’s leading gold miner, Acacia Mining plc, announced Friday it produced 136,640 ounces of gold at an all-in sustaining cost of US$880 per ounce sold during the third quarter of 2018 and recorded a net cash position of US$74 million. Full text...

  • Chinese bank grants 93 billion CFAF loan to fund Mali digital project
    19 october 2018 12:44:46
    Bamako, Mali (PANA) – China export-import bank will give Mali a loan of more than 93.7 billion CFAF to finance the Mali-digital project, official sources told PANA on Thursday. Full text...

  • IFC urges start-ups to seize business strengthening initiative
    19 october 2018 11:41:13
    Nairobi, Kenya (PANA) - The International Finance Corporation (IFC) and Egypt’s Ministry of Investment and International Cooperation (MIIC) have put out a last cal to Kenyan start-ups to apply for a new initiative designed to strengthen the entrepreneurship ecosystem across Africa. Full text...

  • Friday's forex rates for the Mauritanian Ouguiya
    19 october 2018 09:39:46
    Nouakchott, Mauritania (PANA) - The following are Friday's foreign exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Friday's exchange rates for Mauritian Rupee
    19 october 2018 08:43:28
    Port-Louis, Mauritius (PANA) – Following are Friday’s exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Friday’s forex rates for the Gambian Dalasi
    19 october 2018 08:35:02
    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 Rwandan Franc
    19 october 2018 08:33:09
    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...

  • Radisson Hotel Group to expand presence in Kenya
    18 october 2018 14:59:05
    Nairobi, Kenya (PANA) - Global hotelier, Radisson Hotel Group, has announced plans to open its first residence in Nairobi’s Arboretum neighborhood in the second quarter of 2019. Full text...

  • Thursday's exchange rates for Ghana cedi
    18 october 2018 10:22:47
    Accra, Ghana (PANA) - The following are Thursday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Thursday's forex rates for the Mauritanian Ouguiya
    18 october 2018 10:13:52
    Nouakchott, Mauritania (PANA) - The following are Thursday's foreign exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Thursday's forex rates for the Mauritian Rupee
    18 october 2018 08:28:09
    Port-Louis, Mauritius (PANA) - Following are Thursday's foreign exchange rates for the Mauritian Rupee as issued by the Mauritian Commercial Bank: Full text...

  • Thursday’s forex rates for the Gambian Dalasi
    18 october 2018 07:18:29
    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...

  • World population set to grow another 2.2 billion by 2050: UN survey
    17 october 2018 18:37:25
    Geneva, Switzerland (PANA) - The world’s population is set to grow by 2.2 billion between now and 2050, the UN said on Wednesday, and more than half of that growth - 1.3 billion - is likely to be in sub-Saharan Africa, where women’s rights are hampered by limited access to healthcare and education, along with “entrenched gender discrimination”. Full text...

  • Ethiopian Airlines to resume flights to Somalia in November
    17 october 2018 11:55:44
    Abidjan, Côte d'Ivoire (PANA) - Ethiopian airlines will on 2 November resume flights to the Somali capital, Mogadishu, 41 years after the interruption of its flights to that destination. Full text...

  • Wednesday's forex rates for Mauritanian Ouguiya
    17 october 2018 10:54:51
    Nouakchott, Mauritania (PANA) – Following are Wednesday’s exchange rates for the Ouguiya, as issued by the central bank of Mauritania. Full text...

  • Wednesday’s forex rates for the Gambian Dalasi
    17 october 2018 08:03:19
    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
    17 october 2018 07:49:17
    Port-Louis, Mauritius (PANA) - Following are Wednesday's foreign exchange rates for the Mauritian Rupee as issued by the Mauritian Commercial Bank: Full text...

  • Despite decline in extreme poverty billions still struggle to meet basic needs - World Bank
    17 october 2018 07:33:11
    Washington, US (PANA) - Economic advances around the world mean that while fewer people live in extreme poverty, almost half the world’s population — 3.4 billion people — still struggles to meet basic needs, the World Bank said in a report released on End Poverty Day which is marked Wednesday. Full text...

  • Guterres calls for proper management, exploitation of natural resources
    17 october 2018 05:18:26
    New York, US (PANA) - The struggle over natural resources often lies at the heart of violent conflicts, fuelling strife in many parts of the world, United Nations Secretary-General António Guterres said on Tuesday, urging governments and everyone with a stake in valuable resources, to think hard about how they are managed and exploited. Full text...

  • Moody's retains South Africa's stable rating
    16 october 2018 14:58:56
    Cape Town, South Africa (PANA) – International ratings agency Moody's on Tuesday released its research report on South Africa, giving it a stable outlook and a Baa3 status which is one rung above junk status. Full text...

  • Inflation rate rises in Nigeria
    16 october 2018 13:45:54
    Abuja, Nigeria (PANA) – The Nigerian National Bureau of Statistics (NBS) says the Consumer Price Index, (CPI) which measured inflation for September increased to 11.28 per cent (year-on-year) from 11.23 per cent recorded in August. Full text...

  • Tuesday's exchange rates for the Ghana cedi
    16 october 2018 10:56:59
    Accra, Ghana (PANA) - The following are Tuesday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Tuesday's forex rates for Rwandan Franc
    16 october 2018 10:18:55
    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...

  • Tuesday's forex rates for the Mauritanian Ouguiya
    16 october 2018 10:11:17
    Nouakchott, Mauritania (PANA) - The following are Tuesday's foreign exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Tuesday's forex rates for the Mauritian Rupee
    16 october 2018 08:34:17
    Port-Louis, Mauritius (PANA) - Following are Tuesday's foreign exchange rates for the Mauritian Rupee as issued by the Mauritian Commercial Bank: Full text...

  • Tuesday’s forex rates for the Gambian Dalasi
    16 october 2018 07:53:46
    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...

  • Overseas investment falling, developing countries largely unscathed: UNCTAD
    16 october 2018 05:25:33
    New York, US (PANA) - Foreign direct investment (FDI) has dropped 40 per cent year-on-year so far, the UN Conference on Trade and Development (UNCTAD) said on Monday, but the $470 million decline is happening mainly in wealthy, industrialized nations, especially in North America and Western Europe. Full text...

  • AfDB to host Seminar on Promotion of Gender Equality in Africa’s Power Sector
    15 october 2018 15:52:09
    Abidjan, Cote d’Ivoire (PANA) - The African Development Bank (AfDB), in partnership with the Association of Power Utility of Africa and the French Development Agency will host a seminar on “How to Promote Gender Equality in the African Power Sector” from 16 to 18 October, 2018, in Abidjan, Cote d’Ivoire. Full text...

  • Monday's forex rates for Rwandan Franc
    15 october 2018 14:14:47
    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...

  • Private Ethiopian airline undertakes first commercial to Somalia in 41 years
    15 october 2018 09:19:38
    Mogadishu, Somalia (PANA) - A private Ethiopian airline, National Airways, on Saturday undertook the first commercial flight between Ethiopia and Somalia in 41 years, signalling the further warming of relations between the two neighbouring countries of the Horn of Africa. Full text...

  • Monday's forex rates for the Mauritian Rupee
    15 october 2018 08:42:32
    Port-Louis, Mauritius (PANA) - Following are Monday's foreign exchange rates for the Mauritian Rupee as issued by the Mauritian Commercial Bank: Full text...

  • Monday’s forex rates for the Gambian Dalasi
    15 october 2018 08:06:51
    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...

  • EU signs financing agreement to bolster Somalia govt Treasury
    14 october 2018 14:39:49
    Mogadishu, Somalia (PANA) - The European Union (EU) has signed a budget support agreement with Somalia for US$116 million (€100 million) to be released over the next two-and-a-half years. Full text...

  • UN chief outlines importance of international financial cooperation for sustainable dev't
    14 october 2018 09:32:30
    Bali, Indonesia (PANA) - United Nations Secretary-General António Guterres has called for a surge in investment, long-term financing and global stability to overcome the obstacles to inclusive, resilient and environmentally sustainable global growth. Full text...

  • AfDB approves strategy to accelerate Eastern Africa transformation
    13 october 2018 12:06:57
    Abidjan, Cote d'Ivoire (PANA) - The African Development Bank has approved the East Africa Regional Integration Strategy Paper (RISP) laying out the road-map for accelerating regional integration, with regional infrastructure development among the main pillars of the plan. Full text...

  • Norway donates US $54 million for Somalia reconstruction
    13 october 2018 11:40:00
    Mogadishu, Somalia (PANA) -Somalia will benefit from a US$54.3 million contribution by the Norwegian government to a World Bank-managed reconstruction fund, the Bank announced on Saturday. Full text...

  • Saturday’s forex rates for Gambian Dalasi
    13 october 2018 08:29:05
    Banjul, Gambia (PANA) – The following are Saturday’s foreign exchange rates for the Gambian Dalasi as published by Trust Bank Gambia Ltd: Full text...

  • Friday's forex rates for Rwandan Franc
    12 october 2018 14:59:12
    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 forex rates for Mauritanian Ouguiya
    12 october 2018 14:08:22
    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 Mauritian rupee
    12 october 2018 11:56:39
    Port-Louis, Maurice (PANA) - The following are Friday's exchange rates for the Mauritian Rupee as announced by the Mauritius Commercial Bank. Full text...

  • Friday's exchange rates for Ghana cedi
    12 october 2018 11:03:23
    Accra, Ghana (PANA) - The following are Friday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Friday’s forex rates for the Gambian Dalasi
    12 october 2018 07:16:40
    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...

  • World Bank economic update praises Kenyan taxpayers' expenses on education, health
    12 october 2018 07:02:59
    Nairobi, Kenya (PANA) –  Government spending on education and health has helped cushion the most vulnerable Kenyans from extreme poverty, a new World Bank report on the status of the Kenyan economy shows. Full text...

  • Future jobs require more investment in people – WB report
    12 october 2018 06:54:45
    Bali, Indonesia (PANA) - Greater investments in people’s health and education are urgent in a rapidly evolving labour market increasingly shaped by technology, according to the World Development Report 2019: The Changing Nature of Work released on Friday in Bali, Indonesia. Full text...

  • Kenyan economy to continue on high growth path into 2020: World Bank
    12 october 2018 06:46:10
    Nairobi, Kenya (PANA) - The Kenyan economy is projected to rise to 5.7% in 2018—from 4.9% in 2017—and continue to increase steadily to 5.8% in 2019 and 6.0% in 2020, the World Bank said in its latest economic update on Kenya released on Thursday. Full text...

  • Thursday's forex rates for Mauritanian Ouguiya
    11 october 2018 13:46:45
    Nouakchott, Mauritania (PANA) - The following are Thursday's foreign exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • AfDB provides 50m euros for Conakry-Bissau road project
    11 october 2018 13:42:51
    Abidjan, Cote d'Ivoire (PANA) - The governments of Guinea and Guinea Bissau will receive 50 million euros, in the form of grants and loans, to finance the first phase of the Boké-Québo road development project, a road corridor between Conakry and Bissau. Full text...

  • Kenya goes all out for renewable energy (A feature by AfDB)
    11 october 2018 13:28:44
    Nairobi, Kenya (PANA) - Kenya has taken less than a decade to make giant strides in its energy sector and the key to this are two iconic renewable energy projects that have benefited from the decisive support of the African Development Bank (AfDB): Turkana Wind Farm and Menengai Geothermal Power Station. Full text...

  • Bad weather disrupts flights at Kigali International Airport
    11 october 2018 11:06:26
    Kigali, Rwanda (PANA) - Bad weather at Kigali International Airport has caused several flight cancellations or delays on Thursday morning, an official statement issued in Kigali by Rwanda Air said. Full text...

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