Economy -
  • Senegal: Thursday’s forex rates for Gambian Dalasis
    26 february 2015 11:40:45
    Dakar, Senegal (PANA) - The following are Thursday’s exchange rates for the Gambian currency, the Dalasis (D), as issued by Gambia’s Trust Bank: Full text...

  • Tanzania: Zambia,Tanzania agree to revamp jointly-owned railroad
    26 february 2015 09:09:54
    Dar es Salaam, Tanzania (PANA) - Tanzania and Zambia have declared the political will to give their jointly-owned railway line a new lease of life in order to facilitate regional trade and attract investments, following discussions between the heads of state of the two neighbouring countries. Full text...

  • Tanzania: Thursday's exchange rates for Tanzania Shilling
    26 february 2015 08:47:54
    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...

  • Ghana: Thursday's exchange rates for Ghana cedi
    26 february 2015 08:44:23
    Accra, Ghana (PANA) - The following are Thursday's average inter-bank exchange rates for the Ghana cedi, as announced by the Ghana Association of Bankers: Full text...

  • Nigeria: Wednesday's foreign exchange rates in Nigeria
    25 february 2015 22:02:15
    Lagos, Nigeria (PANA) - Here are Wednesday's exchange rates for the Nigerian currency, the Naira, against other currencies, as released by the Central Bank of Nigeria (CBN). Full text...

  • Egypt: Africa needs 93 billion dollars to honour its commitments, says expert
    25 february 2015 20:12:05
    Cairo, Egypt (PANA) – A survey carried out by the African Import-Export Bank has indicated that the African market needs about US$93 billion every year, for a decade, to honour its numerous commitments, the deputy governor of the Bank, Bénedict Oruma, said on Wednesday. Full text...

  • Mauritius: IOC renews its regional fishing, aquaculture strategy for 2015-2020
    25 february 2015 18:41:05
    Flic-en-Flac, Mauritius (PANA) – Representatives of the five member countries of the Indian Ocean Commission who met in Mauritius during the past two days have worked out a new regional strategy for fishing and aquaculture for the period 2015 to 2020, PANA reported Wednesday. Full text...

  • Rwanda: Wednesday's forex rates in Rwanda
    25 february 2015 16:06:41
    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...

  • Egypt: Afreximbank helps African exporters compete with global players
    25 february 2015 15:28:06
    Cairo, Egypt (PANA) - The African Export-Import Bank (Afreximbank) is successfully supporting African exporters to compete effectively with global players in African markets, Afreximbank President Jean-Louis Ekra has said in Cairo, the Egyptian capital, where the bank is based. Full text...

  • Kenya: Kenya, Algeria sign oil exploration pact
    25 february 2015 14:39:06
    Nairobi, Kenya (PANA) - Kenya has signed a Memorandum of Understanding (MoU) with Algeria to promote bilateral cooperation in the field of oil, gas and power, according to a news dispatch from Algiers Wednesday. Full text...

  • Tunisia: BERD finances 20 Tunisian projects for 210 million euros
    25 february 2015 14:23:51
    Tunis, Tunisia (PANA) - The European Bank for Reconstruction and Development (BERD) has financed 20 projects in Tunisia since 2012, at a cost of 210 million euros (about 460 million dinars), according to the bank's executive director for north African and Middle-East region, Mrs Hildegard Gacek. Full text...

  • Mauritius: AfrAsia Bank stops operations in Zimbabwe
    25 february 2015 14:11:25
    Port-Louis, Mauritius (PANA) – AfrAsia Bank Zimbabwe Ltd. (ABZL), a subsidiary of AfrAsia Bank Ltd. (Mauritius), has stopped its banking operations in Zimbabwe, citing the poor economic situation in the country, PANA learnt from bank sources here. Full text...

  • Mauritania: Wednesday's forex rates for Mauritanian Ouguiya
    25 february 2015 11:53:12
    Nouakchott, Mauritania (PANA) - Following are Wednesday's foreign exchange rates for the Mauritanian Ouguiya: Full text...

  • UN: UN meeting stresses role of extractive industries in Africa's growth, development
    25 february 2015 09:11:32
    New York, US (PANA) - A high-level meeting organised by the UN Office of the Special Adviser on Africa, held in New York, has stressed the importance of extractive industries to sustainable Full text...

  • Mauritius: Wednesday's forex rates for Mauritian Rupee
    25 february 2015 09:00:03
    Port-Louis, Mauritius (PANA) - Following are Wednesday's exchange rates for the Mauritian Rupee: Full text...

  • Tanzania: Wednesday's exchange rates for Tanzania Shilling
    25 february 2015 08:05:33
    Dar es Salaam, Tanzania (PANA) - The following are Wednesday's exchange rates for the Tanzania Shilling, as issued by the Bank of Tanzania: Full text...

  • Senegal: Wednesday’s forex rates for Gambian Dalasis
    25 february 2015 08:00:30
    Dakar, Senegal (PANA) - The following are Wednesday’s exchange rates for the Gambian currency, the Dalasis (D), as issued by Gambia’s Trust Bank: Full text...

  • Ghana: Wednesday's exchange rates for Ghana cedi
    25 february 2015 07:54:39
    Accra, Ghana (PANA) - The following are Wednesday's average inter-bank exchange rates for the Ghana cedi, as announced by the Ghana Association of Bankers: Full text...

  • Rwanda: Producer prices edged up 0.96 pct in fourth quarter 2014
    24 february 2015 21:26:54
    Kigali, Rwanda (PANA) - The producer price index (PPI) which measures inflation from the manufacturers’ perspective, increased by 0.96 per cent from October to December 2014, the National Institute of Statistics of Rwanda (NISR) said in a statement issued on Tuesday in Kigali. Full text...

  • Gabon: Tuesday's forex rates in Central Africa
    24 february 2015 20:32:38
    Libreville, Gabon (PANA) – The following are Tuesday's exchange rates for the CFA franc as issued by the Bank of Central African States. Full text...

  • Tanzania: AfDB , Bloomberg launch African Bond Index
    24 february 2015 20:08:00
    Dar es Salaam, Tanzania (PANA) - Global business, financial information and news leader Bloomberg and the African Development Bank (AfDB) on Tuesday announced the launch of a new family of African bond indices. Full text...

  • Côte d'Ivoire: Ecobank Transnational (Togo), Sonatel lead activity on Abidjan stock market
    24 february 2015 16:38:31
    Abidjan, Côte d'Ivoire (PANA) - The West African Regional Securities Exchanges of Abidjan (BRVM) concluded its Monday trading session with a drop compared to the previous session on Friday. Full text...

  • Mauritius: Govt to support small farmers in Mauritius
    24 february 2015 15:26:42
    Port-Louis, Mauritius (PANA) – Mauritian Prime Minister Sir Anerood Jugnauth, on Monday night announced several measures aimed at supporting small farmers who, he said, have been neglected for too long by the former government that ruled the island between 2005 and end 2014. Full text...

  • Rwanda: Tuesday's forex rates in Rwanda
    24 february 2015 12:53:26
    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...

  • Egypt: Afreximbank nets US$107.5m from capital raising effort
    24 february 2015 12:13:42
    Cairo, Egypt (PANA) - The capital raising exercise embarked upon by the African Export-Import Bank (Afreximbank) in September 2014 raised US$107.5 million for Afreximbank as at 31 Dec. 2014, exceeding the US$100 million year-end target, the Bank has revealed in Cairo. Full text...

  • Mauritania: Tuesday's forex rates for Mauritanian Ouguiya
    24 february 2015 11:48:09
    Nouakchott, Mauritania (PANA) - The following are Tuesday's exchange rates for the Mauritanian Ouguiya: Full text...

  • Zambia: Tuesday’s exchange rates for Kwacha
    24 february 2015 11:15:14
    Lusaka, Zambia (PANA) - The following are Tuesday's exchange rates for the Zambian kwacha, as released by the Bank of Zambia: Full text...

  • US: IMF approves funds for Liberia to support economy, Ebola recovery
    24 february 2015 09:27:55
    New York, US (PANA) - The Executive Board of the International Monetary Fund (IMF) has approved Full text...

  • Mauritius: Tuesday's forex rates for Rupee
    24 february 2015 09:22:49
    Port-Louis, Mauritius (PANA) - Following are Tuesday's exchange rates for the Mauritian Rupee: Full text...

  • Tanzania: IMF advises Gabon to curb growth in current spending
    24 february 2015 09:17:48
    Dar es Salaam, Tanzania (PANA) - Underscoring the need for further fiscal adjustment to rebuild policy buffers while preserving medium-term fiscal sustainability in Gabon, the International Monetary Fund (IMF) has urged the West-central African country to curb growth in current spending, including the wage bill, and effectively phase out general oil subsidies. Full text...

  • Tanzania: IMF commends Morocco for minimising economic vulnerabilities
    24 february 2015 07:56:16
    Dar es Salaam, Tanzania (PANA) - Executive Directors of the International Monetary Fund (IMF) have commended authorities in Morocco for their strong policy actions which have reduced economic vulnerabilities in the northwest African country. Full text...

  • Tanzania: Tuesday's exchange rates for Tanzania Shilling
    24 february 2015 07:43:57
    Dar es Salaam, Tanzania (PANA) - The following are Tuesday's exchange rates for the Tanzania Shilling, as issued by the Bank of Tanzania: Full text...

  • Senegal: Tuesday’s forex rates for Gambian Dalasis
    24 february 2015 07:41:12
    Dakar, Senegal (PANA) - The following are Tuesday’s exchange rates for the Gambian currency, the Dalasis (D), as issued by Gambia’s Trust Bank: Full text...

  • Ghana: Tuesday's exchange rates for Ghana cedi
    24 february 2015 07:39:01
    Accra, Ghana (PANA) - The following are Tuesday's average inter-bank exchange rates for the Ghana cedi, as announced by the Ghana Association of Bankers: Full text...

  • Algeria: Algeria to diversify energy sources - Minister
    23 february 2015 20:52:56
    Tunis, Tunisia (PANA) – Algeria has set up an independent watchdog in charge of advising on all energy projects, including gas, the Algerian minister of Energy, Youcef Yousfi, said on Monday. Full text...

  • Nigeria: Monday's foreign exchange rates in Nigeria
    23 february 2015 20:09:59
    Lagos, Nigeria (PANA) - The following are Monday's foreign exchange rates for the Nigerian Naira as released by the Central Bank of Nigeria. Full text...

  • Zambia: President Lungu concerned about future of Zambia's copper industry
    23 february 2015 18:08:24
    Lusaka, Zambia (PANA) – Zambian President Edgar Lungu has expressed concern at recent reports that Barrick Gold, a Canadian company owning Lumwana Mine in northwestern Zambia, would put the mine under care and maintenance, a development that would put over 4,000 jobs at risk. Full text...

  • Libya: Govt. suspends Turkish companies from participating in projects
    23 february 2015 12:30:01
    Beidha, Libya (PANA) – The acting government in Libya, under Prime Minister Abdallah al-Theni, has suspended Turkish companies from participating in Libyan projects, citing alleged Turkish support for a parallel Libyan administration in the capital, Tripoli. Full text...

  • Mauritania: Monday's forex rates for Ouguiya
    23 february 2015 11:38:29
    Nouakchott, Mauritania (PANA) – Here are Monday’s foreign exchange rates for the Ouguiya as issued by the Central bank of Mauritania: Full text...

  • Tanzania: Monday's exchange rates for Tanzania Shilling
    23 february 2015 08:14:55
    Dar es Salaam, Tanzania (PANA) - The following are Monday's exchange rates for the Tanzania Shilling, as issued by the Bank of Tanzania: Full text...

  • Senegal: Monday’s forex rates for Gambian Dalasis
    23 february 2015 08:13:09
    Dakar, Senegal (PANA) - The following are Monday’s exchange rates for the Gambian currency, the Dalasis (D), as issued by Gambia’s Trust Bank: Full text...

  • Ghana: Monday's exchange rates for Ghana cedi
    23 february 2015 08:07:00
    Accra, Ghana (PANA) - The following are Monday's average inter-bank exchange rates for the Ghana cedi, as announced by the Ghana Association of Bankers: Full text...

  • Egypt: Egypt, IFAD sign US$63.1m loan agreement
    22 february 2015 11:31:58
    Cairo, Egypt (PANA) – Egypt and the International Fund for Agricultural Development (IFAD) have signed a US$ 63.1 million loan agreement for financing a sustainable agricultural project in the North African country, according to a communiqué issued Sunday by Egypt's Ministry of Foreign Affairs and International Cooperation. Full text...

  • Egypt: G/Bissau becomes Afreximbank's 37th member state
    21 february 2015 11:47:30
    Cairo, Egypt (PANA) - Guinea Bissau has become the 37th country to join the African Export-Import Bank (Afreximbank) as a Participating State, following the signing of the Bank’s Establishment Agreement by the Government, the Bank has announced from its headquarters in Cairo, Egypt. Full text...

  • Guinea: Ebola costs more than US$500m economic loss to Guinea
    21 february 2015 10:53:09
    Conakry, Guinea (PANA) – The World Bank has estimated that Guinea will suffer economic loss of more than US$500m in 2015 because of the Ebola Virus Disease (EVD), according to a report obtained by PANA. Full text...

  • Senegal: Saturday’s forex rates for the Gambian Dalasis
    21 february 2015 10:43:53
    Dakar, Senegal (PANA) – The following are Saturday’s exchange rates for the Gambian currency, the Dalasis (D) as issued by Gambia’s Trust Bank. Full text...

  • Senegal: 466 villages of Casamance will soon be electrified
    21 february 2015 07:54:13
    Ziguinchor, Senegal (PANA) – Four hundred and sixty-six villages from the region of Casamance will soon get electricity, Senegalese President Macky Sall said on Friday at the inauguration of the electricity plant of Ziguinchor, the main town in the south of the country, whose capacity has been extended from 10 to 20 MW. Full text...

  • UN: World Tourism Organization praises global visa openness
    20 february 2015 22:30:06
    New York, US (PANA) - The UN World Tourism Organization (WTO) says visa facilitation has experienced strong progress in recent years, particularly through the implementation of visa on arrival policies, thereby enhancing the growth of the tourism industry. Full text...

  • Nigeria: President Jonathan inaugurates 750 mw power plant
    20 february 2015 22:15:48
    Ifo, Nigeria (PANA) - The Nigerian President, Dr. Goodluck Jonathan, on Friday commissioned the 650 million-dollar Olorunsogo power station at Ifo, in the southwest Nigerian state of Ogun. Full text...

  • Nigeria: Friday's foreign exchange rates in Nigeria
    20 february 2015 21:34:39
    Lagos, Nigeria (PANA) - Here are Friday's exchange rates for the Nigerian currency, the Naira, against other currencies, as released by the Central Bank of Nigeria (CBN). Full text...

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