Economy -
  • Thursday's exchange rates for CFAF in Central Africa
    08 november 2018 09:13:22
    Libreville, Gabon (PANA) - Following are Thursday’s exchange rates for the CFAF, as issued by the Bank of central African States (BEAC). Full text...

  • Thursday's forex rates for Rwandan Franc
    08 november 2018 08:33:25
    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...

  • Emerging, developing economies face challenges if global inflation rises – WB study
    07 november 2018 19:18:06
    Dar es Salaam, Tanzania (PANA) – Further upward acceleration of global inflation from record low levels may impair efforts in emerging and developing economies to sustain the low inflation environment achieved over the past several decades, the World Bank said Wednesday in a groundbreaking examination of inflation in the emerging and developing world. Full text...

  • Japan to host AfDB's Pre-TICAD7 Seminar on Investing in Africa
    07 november 2018 14:54:18
    Tokyo, Japan (PANA) - The African Development Bank (AfDB) will organise a seminar focusing on investments in Africa on 29 November, 2018, in Tokyo, Japan, in collaboration with the Japanese private sector. Full text...

  • At AIF, Finance Institutions join forces to ‘Deliver As One For Africa’
    07 november 2018 14:42:07
    Johannesburg, South Africa (PANA) - The African Development Bank (AfDB) President, Akinwumi Adesina, on Tuesday appealed to investors to join the partnership platform offered by the Africa Investment Forum (AIF) and “grab the chance to fast track the continent’s investment and development agenda". Full text...

  • Kenya nets US$3.7million from charter flight incentive
    07 november 2018 14:24:09
    Nairobi, Kenya (PANA) - Kenya has realized US$3.7 million in revenue value from the Charter Incentive Programme. Full text...

  • Wednesday’s exchange rates for the Mauritanian Ouguiya
    07 november 2018 10:53:04
    Nouakchott, Mauritania (PANA) - Following are Wednesday’s exchange rates for the Ouguiya, as issued by the central bank of Mauritania. Full text...

  • Peace and reconciliation remain key to CAR’s economic growth - IMF
    07 november 2018 10:26:01
    Bangui, Central African Republic (PANA) – Economic growth in Central African Republic (CAR) is projected to reach 4.3 percent in 2018, and 5 percent in the medium term, but the International Monetary Fund (IMF) has cautioned that the projections were predicated on the peace and reconciliation efforts under the African Union Initiative. Full text...

  • Italian energy giant to increase power production at Congo plant
    07 november 2018 09:17:29
    Brazzaville, Congo (PANA) - The Italian oil company, ENI, is to increase production of power at its Congolese electric power station (CEC) from 300 to 450 MW with the installation of a new turbine, the company’s Managing Director, Claudio Descalzi, said on Tuesday at the end of his audience with Congolese president, Denis Sassou Nguesso. Full text...

  • Wednesday's exchange rates for the CFAF in Central Africa
    07 november 2018 09:06:35
    Libreville, Gabon (PANA) - Following are Wednesday’s exchange rates for the CFAF, as issued by the Bank of Central African States. Full text...

  • Wednesday's forex rates for Rwandan Franc
    07 november 2018 07:58:14
    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...

  • Nigeria tops African countries in remittance of inflows
    06 november 2018 17:39:44
    Abuja, Nigeria (PANA) – Nigeria tops African countries in remittances of inflows and is among the top five globally, said Mr Godwin Emefiele, Governor of Central Bank of Nigeria (CBN). Full text...

  • Free-to-air broadcast live TV feeds from 2018 Africa Investment Forum in South Africa
    06 november 2018 15:35:34
    Johannesburg, South Africa (PANA) - As part of efforts to ensure that broadcast, cable, and satellite television stations networks receive clean quality free-to-air broadcast feeds from the Africa Investment Forum (AIF), CBNC Africa, the official broadcast partner of the event, will provide real-time clean feeds via the following link: Sat yamal 402 @55 deg East. HD feeds will be available at the the Sandton Convention Centre venues and OB van. Full text...

  • Africa Investment Forum: All set to tilt the tide of Investments into Africa
    06 november 2018 15:25:01
    Johannesburg, South Africa (PANA) - The Africa Investment Forum (AIF) kicked off on Monday with a media briefing in Johannesburg, the South African capital, with the game changing event, aimed at attracting multi-billion-dollar deals across the continent. Full text...

  • Safaricom partners Western Union in mobile money transfer deal
    06 november 2018 14:58:04
    Nairobi, Kenya (PANA) - Kenya's leading telcom outfit, Safaricom, on Tuesday announced a global mobile money transfer deal in partnership with Western Union that will allow Safaricom customers to send and receive money from any part of the world via a mobile phone. Full text...

  • Mauritania slams Trump for exclusion from AGOA benefits
    06 november 2018 14:44:00
    Nouakchott, Mauritania (PANA) - The Mauritanian government said in a statement on Monday that it is surprised and regrets the decision of US President, Donald Trump, to remove Mauritania from the list of beneficiary countries of the African Growth and Opportunity Act (AGOA). Full text...

  • Investors' future in Africa is bright - AfDB President
    06 november 2018 14:03:05
    Nairobi, Kenya (PANA) - The African Development Bank (AfDB) is removing barriers that have stemmed the flow of investment finance into the African continent. Full text...

  • Tuesday's forex rates for the Mauritanian Ouguiya
    06 november 2018 10:31:27
    Nouakchott, Mauritania (PANA) - Following are Tuesday’s exchange rates for the Ouguiya, as issued by the central bank of Mauritania. Full text...

  • Tuesday's exchange rates for Mauritian Rupee
    06 november 2018 10:17:37
    Port-Louis, Mauritius (PANA) - Following are Tuesday’s exchange rates for the Rupee, as issued by the commercial bank of Mauritius. Full text...

  • Tuesday's forex rates for Rwandan Franc
    06 november 2018 09:18:44
    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...

  • IMF accents infrastructure investment, social spending in Mali
    06 november 2018 09:14:52
    Bamako, Mali (PANA) – The International Monetary Fund (IMF) is prodding the authorities in Mali to step up, over the medium term, their efforts to create space for infrastructure investment and social spending, according to a press statement made available to PANA on Tuesday following an IMF staff-level agreement with Malian authorities. Full text...

  • Tuesday’s forex rates for the Gambian Dalasi
    06 november 2018 08:40:13
    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...

  • Niger renounces Chinese 480 billion CFA francs credit for development projects
    05 november 2018 17:25:32
    Niamey, Niger (PANA) - Niger on Monday repealed the ratification of a financing agreement with EXIM Bank of China to the tune of CFAF 480 billion for various development projects, which was signed in September 2013, according to an official statement released here on Monday. Full text...

  • Commuters stranded as Kenyan govt. implements new traffic rules
    05 november 2018 15:54:58
    Nairobi, Kenya (PANA) - Commuters in different parts of the Kenya started feeling the pinch on Monday when Public Service Vehicle (PSV) withdrew their vehicles from the roads following the implementation of new traffic rules. Full text...

  • Monday's forex rates for Rwandan Franc
    05 november 2018 14:45:43
    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 exchange rates for CFAF in Central Africa
    05 november 2018 10:58:58
    Libreville, Gabon (PANA) – Following are Monday’s exchange rates for the CFAF in Central Africa, as issued by the bank of central African States. Full text...

  • Kenya calls on China to provide tax-free status to African exports into China
    05 november 2018 10:56:30
    Shanghai, China (PANA) — Kenyan President Uhuru Kenyatta has requested the Chinese to offer preferential treatment to goods from Africa as Beijing continues opening up its market to the rest of the world. Full text...

  • Monday's forex rates for Rupee
    05 november 2018 10:44:05
    Port-Louis, Mauritius (PANA) – Following are Monday’s exchange rates for the Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Monday’s forex rates for the Gambian Dalasi
    05 november 2018 08:49:21
    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...

  • WB gives provides over US $460 million for electricity in Benin, Burkina Faso, Niger, Nigeria
    04 november 2018 15:21:45
    Cotonou, Benin (PANA) – The World Bank has released US $465.5 million for the improvement of the power interconnection linking Benin, Burkina Faso, Niger and Nigeria, sources at the national representation of the financial institution told PANA. Full text...

  • PM Fayez al-Sarraj, ENI director discuss oil investment in Libya
    04 november 2018 13:21:38
    Tripoli, Libya (PANA) – Fayez Mustafa al-Sarraj, Chairman of the Presidential Council of Libya and Prime Minister on Saturday held talks in Tripoli on oil investment projects with a delegation of the Italian national oil and gas company ENI, that was led by its Managing Director Claudio Descalzi. Full text...

  • Saturday's exchange rates for CFAF in Central Africa
    03 november 2018 13:43:09
    Libreville, Gabon (PANA) – Following are Saturday’s exchange rates for the CFAF in Central Africa, as issued by the Bank of Central African States. Full text...

  • Italy gives Tunisia 165 m Euros
    03 november 2018 12:29:55
    Tunis, Tunisia (PANA) – Italy has given Tunisia 165 million Euros to support small and medium-size firms. Full text...

  • Saturday's forex rates for the Mauritanian Ouguiya
    03 november 2018 12:19:04
    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
    03 november 2018 10:56:30
    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...

  • Friday's forex rates for CFAF in Central Africa
    02 november 2018 15:40:50
    Libreville, Gabon (PANA) – The following are Friday’s foreign exchange rates for the CFAF in Central Africa, as issued by the Bank of Central African States. Full text...

  • Friday's forex rates for the Mauritanian Ouguiya
    02 november 2018 10:58:33
    Nouakchott, Mauritania (PANA) – Following are Friday’s foreign exchange rates for the Mauritanian Ouguiya, as issued by the central bank of Mauritania. Full text...

  • Friday’s forex rates for the Gambian Dalasi
    02 november 2018 07:41:26
    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...

  • Airbus releases report on aviation impact on Africa
    01 november 2018 13:36:33
    Nairobi, Kenya (PANA) - Africa will achieve its potential demographic dividend by investing in its youthful and increasingly techno-savvy population, European aircraft manufacturer, Airbus, says in its report on the impact of aviation on the continent. Full text...

  • President Keita inaugurates new thermal power plant in Mali
    01 november 2018 13:18:10
    Bamako, Mali (PANA) - A new thermal power plant was inaugurated Wednesday by Malian President, Ibrahim Boubacar Kéita, in Kayes, a commune located some 500 km in the west of the capital, Bamako. Full text...

  • Thursday's forex rates for Rwandan Franc
    01 november 2018 13:00:31
    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 forex rates for the Mauritanian Ouguiya
    01 november 2018 11:56:48
    Nouakchott, Mauritania (PANA) – Following are Thursday’s exchange rates for the Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Prudent monetary policy lowers Egypt’s annual inflation
    01 november 2018 10:23:52
    Cairo, Egypt (PANA) - Prudent monetary policy of the Central Bank of Egypt’s (CBE) has helped bring down annual inflation from 33 percent in July 2017 to 11.4 percent in May 2018, according to an International Monetary Fund (IMF) team that has just concluded the fourth review of the country’s economic reform programme supported by a three-year Extended Fund Facility. Full text...

  • Ethiopian Airlines to fly to Russia from December
    01 november 2018 09:49:54
    Abidjan, Cote d'Ivoire (PANA) - Ethiopian Airlines will begin its flights to the Russian capital, Moscow, on 5 December, a statement received by PANA said. Full text...

  • IMF staff see stability in Togo’s economy
    01 november 2018 09:40:45
    Lomé, Togo (PANA) – Togo’s overall economic activity is showing signs of incipient stabilization despite continuing weaknesses in some sectors, according to an International Monetary Fund (IMF) team that on Thursday completed a review mission to the West African country. Full text...

  • Thursday's forex rates for the Mauritian Rupee
    01 november 2018 09:25:06
    Port-Louis, Mauritius (PANA) - Following are Thursday's foreign exchange rates for the Mauritian Rupee as issued by the Mauritian Commercial Bank: Full text...

  • Ease of Doing Business: Rwanda now ranks 29 globally
    31 october 2018 15:43:21
    Kigali, Rwanda (PANA) - Rwanda is the 29th country in the list of nations adjudged "easiest place to do business in the world", according to the 2019 World Bank Doing Business index of the world's most business-friendly economies. Full text...

  • RwandAir launches Kigali-Tel Aviv route in 2019
    31 october 2018 15:34:39
    Kigali, Rwanda (PANA) - Rwanda's national carrier, RwandAir, will launch the Kigali-Tel Aviv direct flight in 2019, a source close to RwandAir confirmed Wednesday in Kigali. Full text...

  • Seychelles issues world's first ever "blue bond" to expand marine fisheries development project
    31 october 2018 14:39:34
    Victoria, Seychelles (PANA) - The World Bank has hailed Seychelles, an Island state in the Indian Ocean, for issuing the world's first sovereign "blue-bond" to finance marine fisheries development projects. Full text...

  • Wednesday's forex rates for Rwandan Franc
    31 october 2018 13:06:30
    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...

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