Economy -
  • Tanzania: African countries among developing markets on road to inflation targeting
    25 september 2014 07:59:08
    Dar es Salaam, Tanzania (PANA) - The growing interest in many developing and emerging markets to move towards an inflation targeting (IT) regime calls for particular attention, especially during the transition, to be devoted to strengthening internal analytical and operational capacity of their financial sectors, participants of an International Monetary Fund's (IMF) Forum for Developing Markets have agreed. Full text...

  • Tanzania: Thursday's forex rates for Shilling
    25 september 2014 07:22:10
    Dar es Salaam, Tanzania (PANA) - Following are Thursday's exchange rates for the Tanzania Shilling: Full text...

  • Nigeria: Wednesday's foreign exchange rates in Nigeria
    24 september 2014 21:59:15
    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...

  • UN: Museveni calls for economic, security partnership between African countries
    24 september 2014 19:39:55
    New York, US (PANA) - Ugandan President Yoweri Museveni on Wednesday called for economic and security partnerships between African countries to foster growth and development on the continent. Full text...

  • Cote d'Ivoire: Trading goes down on West African Bourse
    24 september 2014 17:58:42
    Abidjan, Cote d’Ivoire (PANA) - Trading at the West African regional stock exchange, BRVM, ended Tuesday on the decline with the BRVM Index 10 falling from 276.33 to 275.86 points, representing a decrease of 0.17%. Full text...

  • Zambia: Wednesday’s forex rates for Kwacha
    24 september 2014 14:40:53
    Lusaka, Zambia (PANA) – Following are Wednesday's foreign exchange rates for the Zambian kwacha, as released by the Bank of Zambia: Full text...

  • Tanzania: IFC, Airtel Uganda sign US$3.9 million deal to expand mobile financial services
    24 september 2014 13:38:13
    Dar es Salaam, Tanzania (PANA) - The International Finance Corporation (IFC), the private lending arm of the World Bank Group, has signed an advisory services agreement, valued at US$3.9 million, with Airtel Uganda to expand access to mobile financial services throughout the country, Pyramid Research said Wednesday in its daily update. Full text...

  • Tanzania: IMF approves US$ 122m credit facility for Chad
    24 september 2014 13:32:59
    Dar es Salaam, Tanzania (PANA) - The Executive Board of the International Monetary Fund (IMF) has approved a new three-year arrangement under the Extended Credit Facility (ECF) for SDR 79.92 million (about US$122.4 million) in support of Chad's medium-term economic programme, the Fund announced Wednesday. Full text...

  • Nigeria: Nigerian bank partners African insurance firm to boost regional trade
    24 september 2014 12:48:16
    Lagos, Nigeria (PANA) - One of Nigeria’s leading financial institutions, United Bank for Africa (UBA) Plc, has signed a partnership agreement with the Pan African Trade Insurance Agency (ATI) to ease the flow of credit to clients engaging in regional and international trade. Full text...

  • Mauritania: Wednesday's exchange rates for Ouguiya
    24 september 2014 11:51:54
    Nouakchott, Mauritania (PANA) - Following are Wednesday's exchange rates for the Mauritanian Ouguiya: Full text...

  • Tanzania: Political uncertainties ahead of 2015 polls cloud Burundi's economic outlook
    24 september 2014 09:17:28
    Dar es Salaam, Tanzania (PANA) - Burundi's medium-term economic outlook remains difficult, with downside risks arising from political uncertainties ahead of the 2015 elections, according to Naoyuki Shinohara, Deputy Managing Director of the International Monetary Fund (IMF). Full text...

  • Senegal: Wednesday’s forex rates for Gambian Dalasis
    24 september 2014 09:04:03
    Dakar, Senegal (PANA) - Following are Wednesday’s exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Ghana: Wednesday's exchange rates for Ghana cedi
    24 september 2014 08:28:04
    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...

  • Tanzania: Wednesday's forex rates for Shilling
    24 september 2014 07:55:06
    Dar es Salaam, Tanzania (PANA) - Following are Wednesday's exchange rates for the Tanzania Shilling: Full text...

  • Nigeria: Tuesday's foreign exchange rates in Nigeria
    23 september 2014 21:08:48
    Lagos, Nigeria (PANA) - Here are the latest exchange rates for the Nigerian currency, the Naira, against other major currencies, as released by the Central Bank of Nigeria (CBN). Full text...

  • Cameroon: Cameroon registers over 348 billion CFAF in 2013 foreign direct investments
    23 september 2014 16:26:00
    Douala, Cameroon (PANA) – Cameroon's National Technical Balance of Payment Committee revealed Tuesday that the country recorded foreign direct investments valued at 348.2 billion CFAF in 2013, which was a significant drop when compared to investments made the previous year. Full text...

  • Senegal: Dakar to host Africa SME Champions Forum
    23 september 2014 15:20:44
    Dakar, Senegal (PANA) – The first Africa SME Champions Forum, slated for 11-12 November, will be held in Dakar, organisers announced Tuesday. Full text...

  • Mauritania: Tuesday's forex rates for Ouguiya
    23 september 2014 12:33:49
    Nouakchott, Mauritania (PANA) - Following are Tuesday's exchange rates for the Mauritanian Ouguiya: Full text...

  • Cote d'Ivoire: All set for Afreximbank branch take-off
    23 september 2014 12:14:15
    Abidjan, Cote d'Ivoire (PANA) - All is now set for the take-off of an Abidjan Branch Office of the African Export-Import Bank (Afreximbank) to serve Francophone West Africa, with the signing of the two foundation agreements for the Branch by the Bank and the Government of Cote d’Ivoire, the bank said in a statement. Full text...

  • Cote d'Ivoire: Trading on the rise at West African Bourse
    23 september 2014 11:50:17
    Abidjan, Cote d’Ivoire (PANA) - Trading at the West African regional stock exchange, BRVM, ended Monday on the rise with the BRVM Index 10 inching up from 275.14 to 276.33 points, representing a rise of 0.43%. Full text...

  • Gabon: Tuesday's exchange rates in Central Africa
    23 september 2014 11:17:44
    Libreville, Gabon (PANA) - Following are Tuesday's exchange rates in the Central African States: Full text...

  • Senegal: Tuesday’s forex rates for Gambian Dalasis
    23 september 2014 09:11:07
    Dakar, Senegal (PANA) - Following are Tuesday’s exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Mauritius: Tuesday's forex rates for Rupee
    23 september 2014 08:24:09
    Port-Louis, Mauritius (PANA) - Following are Tuesday's exchange rates for the Mauritian Rupee: Full text...

  • Ghana: Tuesday's exchange rates for Ghana cedi
    23 september 2014 08:19:09
    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...

  • Tanzania: Tuesday's forex rates for Shilling
    23 september 2014 06:47:07
    Dar es Salaam, Tanzania (PANA) - Following are Tuesday's exchange rates for the Tanzania Shilling: Full text...

  • UN: General Assembly reaffirms UN goals on population, development
    22 september 2014 22:24:13
    New York, US (PANA) - The President of the UN General Assembly, Mr. Sam Kutesa, says the international community must renew its pledge to protect women and girls as it strives to improve the dignity of all people and secure the future of the planet. Full text...

  • Nigeria : Monday's foreign exchange rates in Nigeria
    22 september 2014 19:35:28
    Lagos, Nigeria (PANA) - Following are the latest exchange rates for the Nigerian currency,the Naira, as released by the Central Bank of Nigeria(CBN). Full text...

  • Tanzania: M2M services to help operators succeed in challenging Africa, Middle East market
    22 september 2014 18:44:25
    Dar es Salaam, Tanzania (PANA) - Machine-to-machine services are growing fast and providing new revenue streams for operators in Africa and the Middle East, according to latest findings by Pyramid Research (PR), the US-based global monitor of telecom business and industry. Full text...

  • Senegal: WAEMU trade fair to be held in Dakar
    22 september 2014 16:53:05
    Dakar, Senegal (PANA) – The third West African Trade Fair will be held in Dakar, Senegal, from 23 October-2 November, organisers of the event said Monday, confirming that 300 sub-regional companies will exhibit their products at the fair. Full text...

  • Tanzania: Cyberoam launches Sophos end point security for partners in Kenya, Tanzania
    22 september 2014 16:22:42
    Dar es Salaam, Tanzania (PANA) - Leading network security vendor Cyberoam has announced the availability of award winning Sophos end-point protection portfolio for its partners in Kenya and Tanzania, opening up more revenue opportunities as well as enabling Cyberoam partners to differentiate with enhanced and unique security portfolio in the process. Full text...

  • Zambia: Zambia’s int'l credit rating rises
    22 september 2014 14:10:59
    Lusaka, Zambia (PANA) - Fitch, one of the world’s top three rating agencies, has revised Zambia’s economic outlook from stable to positive, and affirmed the country’s ceiling at B . Full text...

  • Mauritania: Monday's forex rates for Ouguiya
    22 september 2014 14:03:42
    Nouakchott, Mauritania (PANA) - Following are Monday's foreign exchange rates for the Mauritanian Ouguiya: Full text...

  • Zambia: Monday’s forex rates for Kwacha
    22 september 2014 13:27:38
    Lusaka, Zambia (PANA) – Following are Monday's foreign exchange rates for the Zambian kwacha, as released by the Bank of Zambia: Full text...

  • Senegal: BADEA’s board of directors meets 24-26 Sept
    22 september 2014 11:55:28
    Dakar, Senegal (PANA) - The Board of Directors of the Arab Bank for Economic Development in Africa (BADEA) is scheduled to meet in the Sudanese capital, Khartoum, 24-26 Sept., under the Chairmanship of Yousif Bin Ibrahim Al Bassam. Full text...

  • Gambia: Monday’s forex rates for Gambian Dalasis
    22 september 2014 11:18:52
    Banjul, Gambia (PANA) - The following are Monday’s foreign exchange rates for the Gambian Dalasis: Full text...

  • Nigeria: All share index declines by 4.3% at Nigerian bourse
    22 september 2014 10:04:01
    Lagos, Nigeria (PANA) - Activities at the Nigerian capital market have declined, with the All Share Index (ASI) decreasing by 4.3% from 42,482.48 recorded on 30 June to 40,672.94 on 12 Sept., according to a statement posted on the Central Bank of Nigeria (CBN) website. Full text...

  • Ghana: Nigeria resumes gas supply to Ghana
    22 september 2014 08:57:19
    Accra, Ghana (PANA) - Nigeria has resumed gas supply to Ghana following the resolution of a strike by oil and gas workers in Nigeria, the West Africa Gas Pipeline Company said on Monday. Full text...

  • Mauritius: Monday's forex rates for Rupee
    22 september 2014 08:50:30
    Port-Louis, Mauritius (PANA) - Following are Monday's exchange rates for the Mauritian Rupee: Full text...

  • Tanzania: IMF chief calls for action to strengthen global recovery
    22 september 2014 07:39:40
    Dar es Salaam, Tanzania (PANA) - Commending Group of 20 (G20) countries for significant progress in developing growth strategies to lift medium-term growth, Managing Director of the International Monetary Fund (IMF) Christine Lagarde has warned that the pace of global recovery remains low and uneven. Full text...

  • Tanzania: Monday's forex rates for Shilling
    22 september 2014 07:27:26
    Dar es Salaam, Tanzania (PANA) - Following are Monday's exchange rates for the Tanzania Shilling: Full text...

  • Cote d'Ivoire: Trading at the West African Bourse rises
    21 september 2014 12:13:44
    Abidjan, Cote d’Ivoire (PANA) - Trading at the West African regional stock exchange, BRVM, ended Friday on the rise with the BRVM Index 10 inching up from 271.23 to 275.14 points, representing a rise of 1.44%. Full text...

  • Mauritania: Sunday's forex rates for Ouguiya
    21 september 2014 11:17:49
    Nouakchott, Mauritania (PANA) - Mauritania's Ouguiya appreciated against the Euro and the CFA Franc but remained stable against the US Dollar, according to Sunday's foreign exchange rates issued by the Mauritanian central bank. Following are the exchange rates: Full text...

  • Angola: Angola, Namibia to sign currencyb conversion agreement
    20 september 2014 11:54:51
    Luanda, Angola (PANA) – The central banks of Angola and Namibia will on Monday sign a currency conversion agreement to guarantee commercial transactions between the two countries, particularly at their borders. Full text...

  • Congo: World Bank gives Congo US$60 million loan to improve energy network
    20 september 2014 11:21:27
    Brazzaville, Congo (PANA) – The World Bank’s Board of Executive Directors has approved US$60 million loan to the Republic of Congo to help increase access to electricity and improve the efficiency and reliability of the distribution system. Full text...

  • Nigeria: Nigeria’s apex bank retains interest rate at 12%
    20 september 2014 09:56:19
    Lagos, Nigeria (PANA) – The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR), otherwise known as interest rate, at 12%, according to a statement posted on the apex bank's website. Full text...

  • Tanzania: IMF foresees sub-Saharan Africa growth at 6 per cent in 2015
    20 september 2014 07:52:08
    Dar es Salaam, Tanzania (PANA) - Despite the Ebola crisis, there is an increasing recognition that Africa is rising, according to the International Monetary Fund (IMF) Deputy Managing Director, Naoyuki Shinohara. Full text...

  • Mauritius: Friday's forex rates of Mauritian Rupee
    19 september 2014 18:55:44
    Port Louis, Mauritius (PANA) – The Commercial Bank of Mauritius has issued the following exchange rates of the Mauritian Rupee for Friday: Full text...

  • Nigeria: Friday's foreign exchange rates in Nigeria
    19 september 2014 18:34:42
    Lagos, Nigeria (PANA) - Here are the latest exchange rates for the Nigerian currency,the Naira against as released by the Central Bank of Nigeria(CBN): Full text...

  • Gambia: Friday’s forex rates for Gambian Dalasis
    19 september 2014 13:13:49
    Banjul, Gambia (PANA) - The following are Friday’s foreign exchange rates for the Gambian Dalasis: Full text...

  • Côte d'Ivoire: Trading at the West African bourse drops
    19 september 2014 12:55:18
    Abidjan, Côte d’Ivoire (PANA) – The West African regional bourse (BRVM) closed Thursday's trading down, with the BRVM 10 Index dropping from 273.27 to 271.23 points, representing a a drop of 0.75%. Full text...

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