Economy -
  • Saturday's exchange rates for Mauritanian Ouguiya
    22 september 2018 12:57:47
    Nouakchott, Mauritania (PANA) - The following are Saturday's exchange rates for the Mauritanian Ouguiya as announced by the Central Bank of Mauritania. Full text...

  • Saturday’s forex rates for the Gambian Dalasi
    22 september 2018 08:04:50
    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...

  • Mano River Union Phase II improving more roads, transportation in countries
    21 september 2018 13:56:49
    Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Bank (AfDB) has given the green light for the launch of the second phase of the Mano River Union (UFM) programme, which would improve roads and facilitate transport between Liberia and Cote d’Ivoire. Full text...

  • Adesina wraps up Canada visit with a plea: “Africa cannot be ignored”
    21 september 2018 13:48:12
    Alberta, Canada (PANA) - “Given the size of its markets, growth, and huge potential across multiple sectors, Africa cannot be ignored,” this was the African Development Bank (AfDB) President, Akinwumi Adesina’s message at a public and private sector investor roundtable on Thursday. Full text...

  • Clear external arrears first to get support for reform, IMF tells Zimbabwe
    21 september 2018 09:42:40
    Dar es Salaam, Tanzania (PANA) – The International Monetary Fund (IMF) stands ready to help the authorities in Zimbabwe design a reform package that can help facilitate the clearance of the country’s external payment arrears to international development banks and bilateral official creditors, the Fund’s spokesman has said. Full text...

  • Kenyan President signs new taxation law amid outrage
    21 september 2018 09:36:43
    Nairobi, Kenya (PANA) - Kenyan President Uhuru Kenyatta signed the Finance Bill 2018 into law on Friday, hours after Parliament passed it under unclear circumstances. Full text...

  • Friday's exchange rates for Mauritian Rupee
    21 september 2018 08:36:32
    Port-Louis, Maurice (PANA) - The following are Friday's exchange rates for the Mauritian Rupee as announced by the Mauritian Commercial Bank. Full text...

  • Friday’s forex rates for the Gambian Dalasi
    21 september 2018 08:28:13
    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...

  • DRC wins praise over planned exploitation of cobalt for electric car plants
    20 september 2018 18:11:07
    N’Djamena, Chad (PANA) - UN Economic Commission for Africa (ECA) officials have lauded the Democratic Republic of Congo' s (DRC) plans to establish industrial parks to attract makers of car batteries and fabricators of electric cars. Full text...

  • AfDB debars GEO SCIENCES for 48 Months for fraudulent practices
    20 september 2018 15:56:14
    Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) Group on Thursday announced the debarment of GEO SCIENCES INTERNATIONAL SARL, a consulting firm based in Yaoundé, Cameroon, for a minimum period of 48 months. Full text...

  • Thursday's forex rates for Rwandan Franc
    20 september 2018 14:18:05
    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...

  • Thursday's exchange rates for Mauritian Rupee
    20 september 2018 11:06:58
    Port-Louis, Mauritius (PANA) - The following are Thursday's exchange rates for the Mauritian Rupee as announced by the Commercial Bank of Mauritius. Full text...

  • Thursday’s forex rates for the Gambian Dalasi
    20 september 2018 09:44:01
    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...

  • Decline of global extreme poverty continues but has slowed: World Bank
    19 september 2018 18:55:37
    Washington, US (PANA) - Fewer people are living in extreme poverty around the world, but the decline in poverty rates has slowed, raising concerns about achieving the goal of ending poverty by 2030 and pointing to the need for increased pro-poor investments, the World Bank has found. Full text...

  • AfDB, private entities team up to bolster African infrastructure lending
    19 september 2018 10:32:02
    Nairobi, Kenya (PANA) - The African Development Bank, the European Commission, Mariner Investment Group, LLC (Mariner), Africa50, and Mizuho International plc on Wednesday announce the pricing of Room2Run, a US $1 billion synthetic securitization. Full text...

  • Wednesday's exchange rates for Ghana cedi
    19 september 2018 09:20:24
    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 exchange rates for Mauritian Rupee
    19 september 2018 09:15:27
    Port-Louis, Mauritius (PANA) - The following are Wednesday's exchange rates for the Mauritian Rupee as announced by the Commercial Bank of Mauritius. Full text...

  • Wednesday’s forex rates for the Gambian Dalasi
    19 september 2018 09:03:21
    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...

  • Tuesday's exchange rates for the Ghana cedi
    18 september 2018 11:30:27
    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 exchange rates for Mauritian Rupee
    18 september 2018 11:25:11
    Port-Louis, Mauritius (PANA) - The following are Tuesday's exchange rates for the Mauritian Rupee as announced by the Comercial Bank of Mauritius. Full text...

  • Tuesday's exchange rates for Mauritanian Ouguiya
    18 september 2018 11:19:15
    Nouakchott, Mauritania (PANA) - The following are Tuesday's exchange rates for the Mauritanian ouguiya as announced by the Central Bank of Mauritania. Full text...

  • Tuesday’s forex rates for the Gambian Dalasi
    18 september 2018 07:39:45
    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, MCB Group launch African Domestic Bond Fund
    17 september 2018 14:47:21
    Port Louis, Mauritius (PANA) - The African Development Bank (AfDB) and Mauritius Commercial Bank Group (MCB) have launched the African Domestic Bond Fund (ADBF), ahead of its listing on the Stock Exchange of Mauritius Ltd on 18 September, 2018. Full text...

  • Qatar Airways launch direct flight to Mombasa
    17 september 2018 13:39:45
    Nairobi, Kenya (PANA) - Qatar Airways have announced plans to launch direct flights to Kenya's port city of Mombasa, starting December 2018, a move that will see four flights between Doha, Qatar, and Mombasa, per week. Full text...

  • Monday's forex rates for Rwandan Franc
    17 september 2018 10:19:23
    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 exchange rates for Ghana cedi
    17 september 2018 09:47:03
    Accra, Ghana (PANA) - The following are Monday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • South African opposition seeks answers over massive Chinese loan
    17 september 2018 09:41:44
    Cape Town, South Africa (PANA) – The official opposition Democratic Alliance (DA) on Monday confirmed that it will demand full details about a US$24.5 billion loan allegedly negotiated by President Cyril Ramaphosa with China as a “stimulus package” for South Africa’s spluttering economy. Full text...

  • Monday's exchange rates for Mauritian Rupee
    17 september 2018 09:36:56
    Port-Louis, Mauritius (PANA) - The following are Monday's exchange rates for the Mauritian Rupee as announced by the Ghana Association of Bankers. Full text...

  • Monday’s forex rates for the Gambian Dalasi
    17 september 2018 09:31:05
    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...

  • Greek investors to construct ship-building plant in Nigeria's Niger Delta
    17 september 2018 07:54:03
    Lagos, Nigeria (PANA) - Ιnvestors from Greece are to set up a ship-building plant in Nigeria‘s Niger Delta, said the Greek news platform "The Greek Reporter". Full text...

  • Morocco tops African countries making progress in SDGs
    17 september 2018 06:57:27
    Rabat, Morocco (PANA) - Morocco tops African countries making progress in the implementation of Sustainable Development Goals, said the 2018 report on Sustainable Development Goals (SDGs). Full text...

  • CAR leaders set for better governance, business environment
    15 september 2018 11:35:14
    Bangui, Central African Republic (PANA) - The authorities in Central African Republic (CAR) have agreed on the need to accelerate the efforts to strengthen governance and transparency and sustain structural reforms aimed at improving the business environment, according to a statement released on Saturday by the Communications Department of the International Monetary Fund (IMF). Full text...

  • Saturday’s forex rates for the Gambian Dalasi
    15 september 2018 08:43:19
    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 African Airways cancels flights to Hong Kong
    15 september 2018 06:12:56
    Cape Town, South Africa (PANA) – South African Airways has cancelled flights between Johannesburg and Hong Kong as a result of the severe weather conditions caused by Super Typhoon Manghkut. Full text...

  • ‘Shadow’ of persistent inequality is growing, key UN human development report reveals
    15 september 2018 05:59:56
    New York, US (PANA) - While health, education, and income levels have improved overall across the globe, “wide inequalities” both among and within countries, are casting a shadow on sustained human development, a new United Nations report shows. Full text...

  • Kenya declares 50% fuel tax cut
    14 september 2018 13:22:30
    Nairobi, Kenya (PANA) - Kenyan President Uhuru Kenyatta announced a 50% cut in a controversial petroleum tax, which the government was implementing even though Parliament had passed a bill seeking to defer implementation for two years. Full text...

  • Friday's forex rates for Rwandan Franc
    14 september 2018 11:27:10
    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 Ghana cedi
    14 september 2018 09:48:57
    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 exchange rates for Mauritanian ouguiya
    14 september 2018 09:43:06
    Nouakchott, Mauritania (PANA) - The following are Friday's exchange rates for the Mauritanian ouguiya as announced by the Central Bank of Mauritania. Full text...

  • Tourist arrivals up 7% in Morocco in seven months
    14 september 2018 06:53:53
    Rabat, Morocco (PANA) - A total of 7 million tourists visited Morocco in the first seven months of 2018, up 7%, according to the Moroccan Tourism Observatory. Full text...

  • WB says Somalia outpaces mobile money markets in Africa
    13 september 2018 17:34:21
    Nairobi, Kenya (PANA) - Somalia’s economy is projected to grow at an annual rate of 3–4 percent, according to the third Somalia Economic Update (SEU) published on Thursday by the World Bank. Full text...

  • IMF seeks ways to stop debt vulnerabilities in low-income countries
    13 september 2018 17:14:02
    Dar es Salaam, Tanzania (PANA) - Maintaining a moderate level of borrowing is essential to lift incomes and living standards in low-income countries, the International Monetary Fund (IMF)’s chief said on Thursday urging creation of better prospects for the world’s poorest nations. Full text...

  • AfDB President, Adesina, to embark on 4-day working visit to Canada
    13 september 2018 15:38:09
    Abidjan, Cote d'Ivoire (PANA) - The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, will lead a delegation to Canada from 17-20 September, along with David Stevenson, Executive Directors at the Bank representing Canada, China, Republic of Korea, Turkey and Kuwait. Full text...

  • South-South Cooperation Day focuses in on sustainable development
    13 september 2018 06:17:32
    New York, US (PANA) - As part of the 40th anniversary of the International Day for South-South Cooperation, the United Nations drew together on Wednesday, more than 100 best-practices developed in the countries of the Global South, which embody the 17 Sustainable Development Goals (SDGs) and 2030 Agenda for Sustainable Development. Full text...

  • World Bank review reveals unchanged quality of policies, institutional performance in Africa
    12 september 2018 19:54:58
    Washington, US (PANA) - The average quality of policies and institutions in Sub-Saharan Africa was broadly unchanged in 2017, according to the latest review by the World Bank, which affirmed this is a shift from the deterioration observed in the previous year. Full text...

  • Wednesday's exchange rates for Mauritanian Ouguiya
    12 september 2018 11:50:03
    Nouakchott, Mauritania (PANA) - The following are Wednesday's exchange rates for the Mauritanian Ouguiya as announced by the Central Bank of Mauritania. Full text...

  • Wednesday's exchange rates for the Ghana cedi
    12 september 2018 10:33:20
    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 exchange rates for Mauritian Rupee
    12 september 2018 10:24:49
    Port-Louis, Mauritius (PANA) - The following are Wednesday's exchange rates for the Mauritian Rupee as announced by the Commercial Bank of Mauritius. Full text...

  • World Bank Group set to boost private sector investment in East Africa
    11 september 2018 17:04:05
    Kigali, Rwanda (PANA) - The World Bank Group on Tuesday launched the Development Finance Forum in Kigali, Rwanda, for global public and private sector leaders to explore and demonstrate strategies to boost private sector investment in East Africa’s priority sectors, notably, housing, agriculture and tourism. Full text...

  • AfDB sets Sept. 14 deadline for applications to next African Global IT Leaders Program
    11 september 2018 14:01:59
    Abidjan, Cote d'Ivoire (PANA) - The African Development Institute of the African Development Bank (AfDB) has announced the implementation of the Next African Global IT Leaders' Program, under the aegis of the Korea-Africa Economic Cooperation (KOAFEC) Knowledge Sharing Program (KSP). Full text...

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