Economy -
  • Friday's forex rates for the CFA Franc in Central Africa
    18 january 2019 09:50:50
    Libreville, Gabon (PANA) – Following are Friday’s foreign exchange rates for the CFA Franc, as issued by the Bank of Central African States. Full text...

  • Friday’s forex rates for the Gambian Dalasi
    18 january 2019 09:41:58
    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...

  • UNESCO ready to support Congo's tourism
    18 january 2019 09:16:14
    Brazzaville, Congo (PANA) - The United Nations Educational, Scientific and Cultural Organization (UNESCO) in Congo is prepared to support Congo's efforts to develop its tourism to strengthen its national economy. Full text...

  • Friday's forex rates for the Mauritian Rupee
    18 january 2019 09:11:46
    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...

  • EU, IMF sign agreement to financing Africa regional centre
    17 january 2019 21:01:49
    Ebene, Mauritius (PANA) - The European Union (EU) and the International Monetary Fund (IMF) on Thursday signed an agreement to finance the second phase of the Regional Technical Assistance Centre for Southern Africa (AFRITAC South – AFS) Phase 11 to the tune of about US$23.5 million) at the Africa Training Institute in Ebène, south of the capital, Port-Louis. Full text...

  • President Barrow inaugurates Trans-Gambia Bridge Monday
    17 january 2019 20:52:58
    Dakar, Senegal, (PANA) – Gambian President Adama Barrow alongside with his Senegalese counterpart Macky Sall will on Monday preside over the inauguration of the much anticipated Trans-Gambia Bridge, the Gambian presidency said on Thursday. Full text...

  • Thursday's forex rates for the Mauritanian Ouguiya
    17 january 2019 11:22:06
    Nouakchott, Mauritania (PANA) - 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 Rwandan Franc
    17 january 2019 10:17:50
    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...

  • Cote d'Ivoire introduces model to improve business
    17 january 2019 09:32:52
    Abidjan, Cote d'Ivoire (PANA) - The Ivorian government on Wednesday adopted a model for the creation and improvement of business in the West African country. Full text...

  • Thursday's forex rates for the Mauritian Rupee
    17 january 2019 08:16:04
    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...

  • Thursday’s forex rates for the Gambian Dalasi
    17 january 2019 08:01:58
    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...

  • Congo launches single window in Likouala to boost State revenue
    16 january 2019 21:39:56
    Brazzaville, Congo (PANA) - The Congolese government has launched a single window for goods clearance at Impfondo, Mokabi and Bétou, in the Likouala region, in the far north, to boost the country's revenue and streamline its spending to have a single point of all formalities related to customs clearance. Full text...

  • Tunisia obtains 500-million-dollar credit from Saudi Arabia
    16 january 2019 19:47:20
    Tunis, Tunisia (PANA) - Saudi Arabia has granted a credit of 500 million dollars to Tunisia on "preferential terms", the Tunisian Ministry of Finance announced here on Wednesday. Full text...

  • Tunisian FM calls on Spanish businessmen to invest in Tunisia
    16 january 2019 19:05:47
    Tunis, Tunisia (PANA) - The Tunisian Foreign Minister, Khemaies Jhinaoui, has invited Spanish businessmen to invest in Tunisia to benefit from the advantages and opportunities offered by the Tunisian economy. Full text...

  • CADB President announces continuation of reforms to improve bank performance
    16 january 2019 18:53:44
    Brazzaville, Congo (PANA) - The President of the Central African Development Bank (CADB), Fortunato Mbo Nchama, has announced the continuation of a reform process aimed at improving the performance of the sub-regional financial institution . Full text...

  • Nigeria's Inflation rate rises by 0.16 per cent to 11.44 per cent
    16 january 2019 18:44:43
    Abuja, Nigeria (PANA) – Nigeria’s National Bureau of Statistics (NBS) on Wednesday said that the Consumer Price Index (CPI), which measures inflation, increased to 11.44 percent in December 2018. Full text...

  • ENI investments in Egypt estimated at US$ 13 billion in three years
    16 january 2019 17:55:01
    Cairo, Egypt (PANA) - Italian energy giant ENI's investment in Egypt is estimated at US$13 billion in the last three years, the president of the company, Claudio Descazi, gave this indication during a meeting with the Egyptian Prime Minister, Mustapha Medloubi, on Wednesday. Full text...

  • IFC provides US$1.7m support to improve business climate in Mauritania
    16 january 2019 13:05:50
    Nouakchott, Mauritania (PANA) - The International Finance Corporation, a lending arm of the World Bank for development projects in developing countries, will provide Mauritania technical and financial support of about US$1.7 million, according to an agreement signed here on Tuesday by Economy and Finance minister Moctar Ould Diaye and the IFC Director for West and Central Africa, Dr. Aliou Maiga. Full text...

  • Wednesday's forex rates for the Mauritanian Ouguiya
    16 january 2019 11:19:09
    Nouakchott, Mauritania (PANA) – Following are Wednesday’s exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Wednesday's forex rates for Rwandan Franc
    16 january 2019 10:58:41
    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...

  • Wednesday’s forex rates for the Gambian Dalasi
    16 january 2019 09:50:47
    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...

  • Libyan oil production down by 88,000 b/d because of bad weather
    16 january 2019 09:48:16
    Tripoli, Libya (PANA) - Al Waha oil company, a branch of the Libyan national oil company, which exports oil through the port of al-Sidra in the east, has been closed due to bad weather, thus reducing production by 88,000 barrels per day, a source from the NOC said on Wednesday. Full text...

  • Wednesday's forex rates for the Mauritian Rupee
    16 january 2019 09:01:36
    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 CFA Franc in Central Africa
    16 january 2019 08:58:51
    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...

  • Egyptian Investor says Gambia can be the sub-region's supermarket
    15 january 2019 21:13:36
    Banjul, Gambia (PANA) - Hatem Raslan, an Egyptian investor, on Tuesday stressed the strategic importance of the Gambia when it comes to business, saying the West African country has the potential of becoming “the supermarket of the sub-region”. Full text...

  • Tunisian Secretary of State for Economic Diplomacy visits Ghana
    15 january 2019 19:01:42
    Tunis, Tunisia (PANA) - The Tunisian Secretary of State for Economic Diplomacy, Hatem Ferjani, leading a large delegation of businessmen and members of the Tunisian-African Business Council, on Monday began a four-day visit to Ghana as part of Tunisia's desire to strengthen relations with Sub-Saharan African countries. Full text...

  • Kenya's energy regulator reduces oil pump price
    15 january 2019 14:34:02
    Nairobi, Kenya (PANA) - Kenya's Energy Regulatory Commission on Tuesday announced reduced oil pump prices in its latest review, to the relief of local consumers. Full text...

  • Tuesday's exchange rates for the Mauritanian Ouguiya
    15 january 2019 11:41:28
    Nouakchott, Mauritania (PANA) – Following are Tuesday’s exchange rates for the Ouguiya, as issued by the central bank of Mauritania. Full text...

  • Tuesday's forex rates for Rwandan Franc
    15 january 2019 11:29:19
    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 CFA Franc in Central Africa
    15 january 2019 10:11:44
    Libreville, Gabon (PANA) – Following are Tuesday’s foreign exchange rates for the CFA Franc, as issued by the Bank of Central African States. Full text...

  • Tuesday’s forex rates for the Gambian Dalasi
    15 january 2019 09:00:45
    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...

  • Tuesday's forex rates for the Mauritian Rupee
    15 january 2019 08:58:12
    Port-Louis, Mauritius (PANA) - Following are Tuesday's foreign exchange rates for the Mauritian Rupee as issued by the Commercial Bank of Mauritius. Full text...

  • Egyptian investors express interest in Gambia's agriculture, energy and tourism sectors
    14 january 2019 20:34:26
    Banjul, Gambia (PANA) - A group of Egyptian investors that called on the Gambian leader Adama Barrow at State House on Monday have expressed interest in agricultural processing and manufacturing, rice production, energy and tourism industries of the tiny West African nation. Full text...

  • Togo obtains US$15m to set up a solar power station
    14 january 2019 19:33:08
    Lome, Togo (PANA) - Togo has secured a US$15 million loan from the Abu Dhabi Development Fund (ADFD) and the International Renewable Energy Agency (IRENA) for the establishment of a 30 MW solar power plant, PANA learned from official sources in Lomé on Monday. Full text...

  • Acacia Mining beats own gold production target in Tanzania
    14 january 2019 19:07:19
    Dar es Salaam, Tanzania (PANA) –Acacia Mining plc, one of the largest gold producers in Africa, announced on Monday that it beat its target in Tanzania in 2018 when gold production for the full year reached 521,980 ounces. Full text...

  • Ethiopian Airlines cargo freighter forced to land in Indonesia
    14 january 2019 18:29:10
    Addis Ababa, Ethiopia (PANA) – Ethiopian Airlines (ET) has explained its crew operating an unscheduled cargo flight to Singapore were relaxing in Indonesia on Monday after the authorities there commandeered the airline's cargo plane as it flew on their airspace. Full text...

  • Dakar hosts international conference on Africa's emergence
    14 january 2019 18:25:18
    Dakar, Senegal (PANA) – The third edition of the International Conference on Africa’s Emergence (CIEA) will begin on Thursday in the Senegalese capital, Dakar, bringing together representatives of the African and international private sector. Full text...

  • Niger grants gold exploration permit to Planet Mining
    14 january 2019 18:00:18
    Niamey, Niger (PANA) - The Niger government has granted a gold exploration licence in the northern Agadez region to a local company, Planet Mining SARL, according to an official statement released on Monday. Full text...

  • Sub-Saharan Africa to register 3.4 percent growth - Report
    14 january 2019 13:18:16
    Nairobi, Kenya (PANA) - Sub-Saharan Africa (SSA) is expected to register economic growth of 3.4 percent in 2019, higher than 2.7 percent expected in 2018 and 2.6 percent recorded in 2017, according to the World Bank. Full text...

  • Monday's forex rates for Rwandan Franc
    14 january 2019 08:57:27
    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
    14 january 2019 08:54:46
    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 forex rates for the Gambian Dalasi
    14 january 2019 07:32:22
    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...

  • Fuel prices go down by about 5% in Mauritius
    12 january 2019 18:32:31
    Port-Louis, Mauritius (PANA) - Fuel prices have gone down by about 5% in Mauritius following the decrease in world market price of crude oil. Full text...

  • Niger adopts national oil policy
    12 january 2019 17:36:48
    Niamey, Niger (PANA) - Eight years after Niger began producing oil, the government on Friday adopted a National Oil Policy highlighting the strategic nature of the commodity, an official statement said on Saturday. Full text...

  • Niger gets national investment action plan for jobs
    12 january 2019 16:57:34
    Niamey, Niger (PANA) – The Nigerien government has adopted, at its weekly Council of Ministers meeting, a national investment action plan to create jobs in the health, social and economic growth sectors, an official statement issued on Saturday said. Full text...

  • Top official of Dakar-Bamako railway calls for early resumption of services
    12 january 2019 13:29:08
    Bamako, Mali (PANA) - The general manager of Dakar-Bamako Railway company, Senegalese Kibily Touré, has stressed the urgent need to resume rail services between Mali and Senegal so that workers can be paid. Full text...

  • Saturday's forex rates for the Mauritanian Ouguiya
    12 january 2019 11:25:47
    Nouakchott, Mauritania (PANA) – Following are Saturday’s exchange rates for the Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Saturday’s forex rates for the Gambian Dalasi
    12 january 2019 09:27:26
    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...

  • Mauritania approves additional gas deal with Senegal
    11 january 2019 14:59:26
    Nouakchott, Mauritania (PANA) - The Mauritanian government has approved "the additional act to the Inter-State Cooperation Agreement on the development and exploitation of offshore cross-border gas field reserves" with Senegal, said a statement from the Council of Ministers in Nouakchott. Full text...

  • Shortage of domestic gas hits Niamey
    11 january 2019 14:06:31
    Niamey, Niger (PANA) - Shortage of domestic gas has hit Niger's capital, Niamey, with the country's only refinery unable to satisfy demand. Full text...

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