Economy -
  • Kenya: Freight volumes decline worries Kenyan port managers
    15 september 2016 19:33:27
    Nairobi, Kenya (PANA) - Kenya Ports Authority (KPA) has reported declining freight volumes destined to other countries in East African despite efforts to modernize Mombasa Port and increase its efficiency. Full text...

  • Rwanda: Thursday's exchange rates for Rwandan franc
    15 september 2016 15:54:35
    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...

  • Nigeria: Buhari, ministers, top aides brainstorm on Nigeria's recession
    15 september 2016 13:46:44
    Abuja, Nigeria (PANA) – Nigerian President Muhammadu Buhari and Vice President Yemi Osinbajo on Thursday held a daylong retreat with members of the Federal Executive Council and top aides to discuss the state of the nation’s economy and strategies to get the country out of recession. Full text...

  • Botswana: Inflation continues to fall in Botswana
    15 september 2016 13:32:50
    Gaborone, Botswana (PANA) - Botswana annual inflation rate in August, recorded a drop of 0.1 of a percentage point on the July 2016 rate of 2.7 percent, according to the government statistics bureau. Full text...

  • Ghana: Thursday's exchange rates for Ghana cedi
    15 september 2016 06:16:46
    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...

  • Kenya: Kenya gets second mobile banking innovation linked to Visa cards
    14 september 2016 17:29:03
    Nairobi, Kenya (PANA) - Visa Inc. has introduced mVisa, a new mobile payment service that will accelerate digital commerce in Kenya and across Africa, competing with Kenya's leading mobile money transfer service, M-pesa. Full text...

  • Rwanda: Wednesday's exchange rates for Rwandan franc
    14 september 2016 14:25:45
    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...

  • Italy: FAO to reduce spread of antimicrobial resistance on farms, food
    14 september 2016 10:58:26
    Rome, Italy (PANA) - The UN Food and Agriculture Organization (FAO) on Wednesday pledged to help countries develop strategies for tackling the spread of antimicrobial resistance in their food supply chains, as governments prepare to debate the emerging challenge posed by medicine-resistant "superbugs" next week at the UN General Assembly. Full text...

  • Kenya: Will new-found international trade allies grow more African capitalists? (News analysis by Kennedy Abwao, PANA Correspondent)
    14 september 2016 10:25:47
    Nairobi, Kenya (PANA) - Zimbabwean President Robert Mugabe stole the show during a Summit of African and Chinese leaders in Johannesburg, when he said Beijing was doing to Africa, what the former colonialist—the European Union—could have done to fight poverty and under-development. Full text...

  • Nigeria: Arik Air resumes operations, apologises to passengers
    14 september 2016 09:35:57
    Abuja, Nigeria (PANA) – Barely 24 hours after announcing the suspension of services over its inability to renew insurance for the aircraft in its fleet, due to liquidity issues, Arik Air, Nigeria’s largest carrier, will resume full regular operations on Wednesday. Full text...

  • UN: UN report calls for synergies between universal 2030 Agenda and goals for LDCs
    14 september 2016 07:08:50
    New York, US (PANA) – The world’s 48 least developed countries (LDCs) have experienced some positive developments, yet challenges remain with new risks and uncertainties threatening development gains, according to a new United Nations report released today. Full text...

  • Ghana: Wednesday's exchange rates for Ghana cedi
    14 september 2016 05:42:34
    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...

  • Central African Republic: IMF team finds CAR's growth constrained by low public investment
    13 september 2016 19:56:26
    Bangui, Central African Republic (PANA) - Though the economy of Central African Republic (CAR) has been on a strong recovery path since the beginning of the year, its growth remains constrained by low public investment spending, weak infrastructure and continued weaknesses in the banking sector, a staff team from the International Monetary Fund (IMF) confirmed Tuesday. Full text...

  • Nigeria: Arik Air of Nigeria shuts operations
    13 september 2016 19:32:40
    Abuja, Nigeria (PANA) – The recession that hit the Nigerian economy is biting hard on the aviation sector as Arik Air, West Africa’s leading airline stopped operations on Tuesday. Full text...

  • UN: UN expert tasks govts, lawmakers on trade pacts, human rights
    13 september 2016 15:04:02
    New York, US (PANA) - UN expert on the promotion of a democratic and equitable international order, Mr. Alfred de Zayas on Tuesday called on governments and parliaments to ensure that all future trade agreements stipulate the primacy of human rights, urging them to align existing treaties to fulfill binding human rights treaties and meet environmental and health goals. Full text...

  • Rwanda: Tuesday's exchange rates for Rwandan franc
    13 september 2016 13:36:43
    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...

  • US: Top UN officials highlight importance of South-South cooperation
    13 september 2016 07:07:59
    New York, US (PANA) – Senior United Nations officials, including UN Secretary-General Ban Ki-moon and Director-General of the International Labour Organization (ILO) Guy Ryder on Monday highlighted the importance of South-South Cooperation in their respective messages on the occasion of the UN Day for South-South Cooperation. Full text...

  • Ghana: Tuesday's exchange rates for Ghana cedi
    13 september 2016 05:55:27
    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...

  • US: Turkish Airlines adds flights to Seychelles
    12 september 2016 17:25:56
    New York, US (PANA) - Turkey's national carrier, Turkish Airlines, is adding Seychelles, an Indian Ocean nation, to its global destinations, according to a brief statement it made available to PANA in New York on Monday. Full text...

  • Rwanda: Rwanda's consumer prices up 6.4 pct in August 2016
    10 september 2016 11:08:16
    Kigali, Rwanda (PANA) - Rwanda's consumer price index (CPI), a main gauge of inflation, grew 6.4 percent year on year in August 2016, the National Institute Statistics announced on Saturday. Full text...

  • US: Djibouti joins African Export-Import Bank
    09 september 2016 21:58:14
    New York, US (PANA) - Djibouti President, Ismail Omar Guelleh, has announced the country’s accession to the African Export-Import Bank (Afreximbank) Establishment Agreement, making it a participating state of the continental trade finance institution. Full text...

  • Morocco: Royal Air Maroc inaugurates Casablanca-Washington route
    09 september 2016 14:10:27
    Rabat, Morocco (PANA) – The Moroccan national carrier, Royal Air Maroc, on Thursday inaugurated a new direct route between Casablanca and Washington. Full text...

  • Mauritius: Friday's forex rates for Rupee
    09 september 2016 14:00:52
    Port-Louis, Mauritius (PANA) – Following are Friday's exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Guinea: Positive supply shocks drive Guinea's post-Ebola economic recovery
    09 september 2016 09:38:04
    Conakry, Guinea (PANA) - Available data suggest Guinea's economic activity is recovering, albeit at an uneven pace, according to staff of the International Monetary Fund (IMF) who this week completed a final review of the country's programme, which is supported by an arrangement under the Extended Credit Facility (ECF) of the Fund. Full text...

  • Senegal: Friday's forex rates for the Gambian Dalasi
    09 september 2016 06:30:53
    Dakar, Senegal (PANA) – The following are Friday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Ghana: Friday's exchange rates for Ghana cedi
    09 september 2016 05:32:12
    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...

  • Tanzania: EAC wants more time to clear concerns before signing EPA with EU
    08 september 2016 19:33:40
    Dar es Salaam, Tanzania (PANA) - East African Community (EAC) leaders on Thursday asked for three months to finalise concerns of some of the regional bloc member states before considering the signature of the proposed Economic Partnership Agreement (EPA) with the European Union (EU). Full text...

  • Kenya: Kenya urges signing of EU trade deal to push EAC industrialisation
    08 september 2016 18:40:41
    Nairobi, Kenya (PANA) - East African leaders on Thursday converged for a key Summit in Dar es Salaam, Tanzania, with Kenyan officials pushing for the signing of the Economic Partnership Agreement (EPA) with the European Union. Full text...

  • Nigeria: Central Bank of Nigeria borrows over US$3bn from local sources to fund budget
    08 september 2016 17:31:21
    Abuja, Nigeria (PANA) – The Central Bank of Nigeria (CBN) said Thursday it intends to raise N952.04 billion (US$3.02 billion) for the country through the issuance of Treasury bills from 15 September to 1 December 2016. (US$1 equals N305) Full text...

  • US: African leaders, Obama to hold business forum in New York
    08 september 2016 17:14:54
    New York, US (PANA) - African leaders, US President Barack Obama, businessmen and women, as well as chief executives of companies in Africa and the US, will participate in the 2nd US-Africa Business Forum in New York on 21 September, a statement from the US State Department said on Thursday. Full text...

  • Mauritania: Thursday's exchange rates for Ouguiya
    08 september 2016 15:06:10
    Nouakchott, Mauritania (PANA) – Following are Thursday's exchange rates for the Ouguiya, as issued by the Central Bank of Mauritania (BCM). Full text...

  • US: Namibia 'attracts more tourists'
    08 september 2016 14:48:47
    New York, US (PANA) - Namibia is becoming an increasingly popular tourism destination, with the 2015 statistics showing that some 1.5 million international visitors travelled to Namibia, a statement made available to PANA in New York on Thursday said. Full text...

  • Mauritania: Japan gives Mauritania US$2 million for Nouakchott, Nouadhibou airports
    08 september 2016 14:09:41
    Nouakchott, Mauritania (PANA) – The Mauritanian minister of Economy and Finance, Moctar ould Diaye, and the Japanese ambassador, Hisatsugu Shimuzu, on Thursday exchanged notes on a US$2 million grant to finance the purchase of equipment to improve security at the Nouakchott and Nouadhibou airports. Full text...

  • Senegal: Thursday's forex rates for the Gambian Dalasi
    08 september 2016 06:36:05
    Dakar, Senegal (PANA) – The following are Thursday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Ghana: Thursday's exchange rates for Ghana cedi
    08 september 2016 05:43:42
    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...

  • Kenya: Volkswagen South Africa to assemble cars in Kenya
    07 september 2016 18:37:22
    Nairobi, Kenya (PANA) - German car maker, Volkswagen, has announced plans to establish an assembly plant in Kenya, President Uhuru Kenyatta, said Wednesday, after talks with visiting executives of Volkswagen Group . Full text...

  • China: China launches development company for African infrastructure
    07 september 2016 12:19:27
    Guagzhou, China (PANA) - China on Wednesday announced the start of operations of a new company to help solve Africa’s shortage of bankable infrastructure projects. Full text...

  • Mauritania: Wednesday's exchange rates for Ouguiya
    07 september 2016 12:05:24
    Nouakchott, Mauritania (PANA) – Following are Wednesday's exchange rates for the Ouguiya, as issued by the Central Bank of Mauritania (BCM). Full text...

  • Ghana: Wednesday's exchange rates for Ghana cedi
    07 september 2016 06:32:13
    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...

  • Senegal: Wednesday's forex rates for the Gambian Dalasi
    07 september 2016 06:20:31
    Dakar, Senegal (PANA) – The following are Wednesday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia lLd: Full text...

  • Rwanda: Tuesday's exchange rates for Rwandan franc
    06 september 2016 14:42:21
    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...

  • Mauritania: Tuesday's exchange rates for Mauritanian Ouguiya
    06 september 2016 11:38:59
    Nouakchott, Mauritania (PANA) – Following are Tuesday's exchange rates for the Ouguiya, as issued by the Central Bank of Mauritania (BCM). Full text...

  • Senegal: Tuesday's forex rates for the Gambian Dalasi
    06 september 2016 06:28:23
    Dakar, Senegal (PANA) – The following are Tuesday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Ghana: Tuesday's exchange rates for Ghana cedi
    06 september 2016 05:21:54
    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...

  • UN: Ban stresses importance of financing mechanisms for SDGs, climate pact
    05 september 2016 15:22:13
    New York, US (PANA) - UN Secretary-General Ban Ki-moon on Monday stressed the importance of financing and other support mechanisms to implement the Sustainable Development Goals (SDGs) and climate action, urging further efforts by G20 countries to fulfill their commitments. Full text...

  • Senegal: Monday's forex rates for the Gambian Dalasi
    05 september 2016 11:45:54
    Dakar, Senegal (PANA) – The following are Monday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Mauritius: Monday's forex rates for Mauritian Rupee
    05 september 2016 09:26:57
    Port-Louis, Mauritius (PANA) – Following are Monday's exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Ghana: Monday's exchange rates for Ghana cedi
    05 september 2016 06:10:48
    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...

  • Nigeria: Nigeria's purchasing managers' index, productivity decline further
    04 september 2016 18:19:50
    Abuja, Nigeria (PANA) - The string of bad news on the Nigerian economy continues as the nation's Manufacturing Purchasing Manager’s Index (PMI) declined to 42.1 points in August 2016. Full text...

  • Senegal: Saturday's forex rates for the Gambian Dalasis
    03 september 2016 06:53:32
    Dakar, Senegal (PANA) – The following are Saturday’s exchange rates for the Gambian Dalasis as published by Trust Bank Gambia Ltd: Full text...

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