Economy -
  • Thursday's exchange rates for Ghana cedi
    06 september 2018 09:22:35
    Accra, Ghana (PANA) - The following are Thursday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Thursday's exchange rates for Mauritian Rupee
    06 september 2018 09:17:02
    Port-Louis, Mauritius (PANA) - The following are Thursday's exchange rates for the Mauritian Rupee as announced by the Commercial Bank of Mauritius. Full text...

  • IMF suggests public sector reform to enhance growth in Botswana
    06 september 2018 07:32:10
    Gaborone, Botswana (PANA) – International Monetary Fund (IMF) Directors have underscored the importance of adjusting Botswana’s development model to boost growth potential, lower unemployment, and promote diversification in the southern Africa country. Full text...

  • Lesotho gripped in economic shock from declining revenues of SACU
    06 september 2018 06:40:09
    Maseru, Lesotho (PANA) – Lesotho authorities must focus efforts on addressing the public sector wage bill, which is one of the largest in the world compared to the size of the economy, an International Monetary Fund (IMF) mission has recommended at the end of a two-week visit to the country’s capital, Maseru, to discuss the authorities’ economic and financial programme and possible financial support by the Fund. Full text...

  • World Bank VP in Algeria to strengthen partnership in inclusive growth, job creation
    05 september 2018 18:02:29
    Washington, US PANA) - World Bank Vice President for the Middle East and North Africa, Ferid Belhaj is in on a two-day visit to Algeria from Wednesday to reaffirm the Bank’s support for the national goals of transforming the economy and unlocking the potential of the country’s large youth population, the Bank said. Full text...

  • Wednesday's exchange rates for Ghana cedi
    05 september 2018 09:48:02
    Accra, Ghana (PANA) - The following are Wednesday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Wednesday's exchange rates for Ghana cedi
    05 september 2018 09:40:32
    Port-Louis, Mauritius (PANA) - The following are Wednesday's exchange rates for the Mauritian Rupee as announced by the Commercial Bank of Mauritius. Full text...

  • Disgraced former South African CEO grilled in Parliament
    05 september 2018 09:32:42
    Johannesburg, South Africa (PANA) – Nine months after the biggest corporate scandal in South African history saw the global Steinhoff International group face collapse, its disgraced former CEO appeared in Parliament on Wednesday. Full text...

  • Tanzania solicits China’s cooperation to improve its agro-processing industries
    04 september 2018 17:13:57
    Beijing, China (PANA) – Underlining the importance of improved technologies in the development of Tanzania’s agricultural sector, Prime Minister Kassim Majaliwa has invited potential Chinese investors to focus on agro-processing industries in order to increase the value and find global markets for the country's farm products. Full text...

  • High-Level Consultation on the AfDB's 2018-2022 Country Strategy Paper for Côte d'Ivoire
    04 september 2018 15:22:50
    Abidjan, Cote d'Ivoire (PANA) - "We salute the African Development Bank (AfDB), a major player that assists our country and whose multifaceted support contributes to the fight against poverty and the transformation of our economy," said Nialé Kaba, the Ivorian Minister of Planning and Development of Africa, Monday, on Monday in Abidjan,during the high-level consultation on the Bank's new Country Strategy Paper (CSP) in Côte d'Ivoire for the period 2018-2022. Full text...

  • Tuesday's exchange rates for Ghana cedi
    04 september 2018 11:35:56
    Accra, Ghana (PANA) - The following are Tuesday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Tuesday's exchange rates for the Mauritanian Ouguiya
    04 september 2018 11:14:23
    Nouakchott, Mauritania (PANA) - The following are Tuesday's exchange rated for the Mauritanian Ouguiya as announced by the Central Bank of Mauritania. Full text...

  • South Africa enters technical recession
    04 september 2018 11:02:27
    Johannesburg, South Africa (PANA) – South Africa has officially entered a technical recession. This after Stats SA on Tuesday announced that the country's real gross domestic product had decreased by 0.7% in the second quarter of the year. A GDP contraction of 2.2% in the first quarter resulted in two consecutive quarters of negative growth. Full text...

  • Tuesday's exchange rates for Mauritian Rupee
    04 september 2018 08:02:04
    Port-Louis, Mauritius (PANA) - The following are Tuesday's exchange rates for the Mauritian Rupee as announced by the Commercial Bank of Mauritius. Full text...

  • Morocco's Net International Reserves up 5.1%
    04 september 2018 07:42:29
    Rabat, Morocco (PANA) - Morocco's net international reserves as at 24 August amounted to 226.2 billion dirhams (US$24.3 billion), up 5.1% year-on-year, Morocco's Central Bank has said in a statement published on Tuesday. Full text...

  • UN chief urges China, Africa for a win-win collaboration for ‘the future we want’
    03 september 2018 19:59:30
    Beijing, China (PANA) - Highlighting the economic and development progress made in China and Africa, United Nations Secretary-General António Guterres has urged them to unite their combined potential for peaceful, sustainable and equitable progress to the benefit of all humankind. Full text...

  • Monday's exchange rates for Ghana cedi
    03 september 2018 10:19:27
    Accra, Ghana (PANA) - The following are Monday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Monday's forex rates for Mauritian Rupee
    03 september 2018 10:12:40
    Port-Louis, Mauritius (PANA) - The following are Monday's exchange rates for the Mauritian Rupee as announced by the Commercial Bank of Mauritius. Full text...

  • Nigeria, China to sign US$328 million agreement on ICT
    01 september 2018 17:02:44
    Abuja, Nigeria (PANA) – Nigeria’s President Muhammadu Buhari arrived Beijing on Saturday to attend the Beijing Summit of the Forum on China-Africa Cooperation (FOCAC) holding September 3 - 4, 2018. Full text...

  • Tunisian economy picks up with robust performance in tourism
    01 september 2018 07:49:31
    Tunis, Tunisia (PANA) - There are encouraging signs that economic activity is picking up in Tunisia following a 2.6 percent (year-on-year) growth registered in the first half of this year, with robust performance in agriculture, tourism, and services. Full text...

  • Australian energy developer clears final legislative hurdle in Tanzania
    31 august 2018 10:21:26
    Dar es Salaam, Tanzania (PANA) - Graphite developer Walkabout Resources, based in Western Australia, wants to advance project funding negotiations after a mining licence was granted for its Lindi Jumbo project, in southeastern Tanzania. Full text...

  • Minerals Council executive says South Africa could create 50,000 more mining jobs
    31 august 2018 08:42:57
    Johannesburg, South Africa (PANA) - A South Africa moderately more attractive to investors would catalyse the creation of 50,000 more mining jobs and an additional 200, 000 jobs overall, Minerals Council South Africa CEO Roger Baxter told the Africa Down Under conference in Perth, Australia, on Thursday. Full text...

  • Tanzanian PM leads national delegation to Africa-China summit in Beijing
    31 august 2018 08:28:38
    Dar es Salaam, Tanzania (PANA) – Tanzanian Prime Minister Kassim Majaliwa will head the country’s delegation to the 2018 Beijing Summit of the Forum on China-Africa Cooperation (FOCAC) to be held from 1-4 September in the Chinese capital, the Ministry of Foreign Affairs and East African Cooperation said here on Friday. Full text...

  • African Battery Metals abandons Sierra Leone projects for nickel, cobalt in Cameroon, Côte d’Ivoire
    31 august 2018 06:57:35
    Dar es Salaam, Tanzania (PANA) – AIM-listed African Battery Metals (ABM) has decided to relinquish its interests in gold and iron-ore projects in Sierra Leone to focus on its newly acquired nickel and cobalt projects in Cameroon and Côte d’Ivoire. Full text...

  • Thursday's exchange rates for Mauritanian ouguiya
    30 august 2018 11:33:15
    Nouakchott, Mauritania (PANA) - The following are Thursday's exchange rates for the Mauritanian ouguiya as announced by the Central Bank of Mauritania. Full text...

  • Thursday's exchange rates for Mauritian Rupee
    30 august 2018 11:25:34
    Port-Louis, Mauritius (PANA) - The following are Thursday's exchange rates for the Mauritian Rupee as announced by the Commercial Bank of Mauritius. Full text...

  • Royal Morocco Air to launch Casablanca-Athens route
    30 august 2018 09:12:02
    Rabat, Morocco (PANA) - Moroccan flag carrier Royal Air Maroc (RAM) will from 2 April, 2019 launch a direct flight between Casablanca and Athens. Full text...

  • Wednesday's exchange rates for Ghana cedi
    29 august 2018 09:55:28
    Accra, Ghana (PANA) - The following are Wednesday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Wednesday's exchange rates for Mauritian Rupee
    29 august 2018 09:49:17
    Port-Louis, Mauritius (PANA) - The following are Wednesday's exchange rates for the Mauritian Rupee as announced by the Commercial Bank of Mauritius. Full text...

  • Tuesday's exchange rates for Mauritanian ouguiya
    28 august 2018 11:27:48
    Nouakchott, Mauritania (PANA) - The following are Tuesday's exchange rates for the Mauritanian Ouguiya as announced by the Central Bank of Maurtitania. Full text...

  • AfDB, FAO target agriculture investments to end hunger, create wealth in Africa
    28 august 2018 10:25:24
    Rome, Italy (PANA) - The African Development Bank (AfDB) and FAO on Tuesday agreed to boost joint efforts aimed at catalysing agriculture sector investments in Africa to end hunger and malnutrition and increase prosperity throughout the continent. Full text...

  • Tuesday's exchange rates for Ghana cedis
    28 august 2018 10:14:13
    Accra, Ghana (PANA) - The following are Tuesday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Tuesday's exchange rates for Mauritian rupee
    28 august 2018 10:02:02
    Port-Louis, Mauritius (PANA) - The following are Tuesday's exchange rates for the Mauritian rupee as announced by the Commercial Bank of Mauritius. Full text...

  • International tourism arrivals hit record high in 2017, UN agency reports
    28 august 2018 06:35:56
    New York, US (PANA) - The number of people travelling abroad has hit its highest level since 2010, according to data from the Tourism Organization (UNWTO), a specialised agency of the United Nations. Full text...

  • Civil Society Organizations endorse AfDB's 2018–2022 Country Strategy Paper for Cote d’Ivoire
    27 august 2018 15:22:17
    Abidjan, Cote d'Ivoire (PANA) - Civil Society Organizations (CSOs) in Côte d’Ivoire have affirmed their support for the African Development Bank’s draft Country Strategy Paper for Côte d’Ivoire, which establishes the Bank’s development priorities in the west African country for the next five years (2018-2022). Full text...

  • AfDB, Nordic Development Fund and Partners launch Off-Grid Energy Access Fund with US$58 million
    27 august 2018 15:11:45
    Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB), the Nordic Development Fund and other partners have committed US$ 58 million to support the Off-Grid Energy Access Fund (OGEF). Full text...

  • Monday's exchange rates for Mauritian rupee
    27 august 2018 10:09:55
    Port-Louis, Mauritius (PANA) - The following are Monday's exchange rates for the Mauritian rupee as announced by the Mauritian Commercial Bank. Full text...

  • Monday's exchange rates for Ghana cedi
    27 august 2018 09:52:38
    Accra, Ghana (PANA) - The following are Monday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Namibia opens two solar plants to diversify its energy mix
    24 august 2018 16:39:18
    Windhoek, Namibia (PANA) – Namibia has opened two solar plants, Ejuva One and Ejuva Two, built at a total cost of US$21 million in Gobabis, capital of the eastern Omaheke Region. Full text...

  • ‘Gold price may bounce back amid currency depreciation’ – World Gold Council
    24 august 2018 09:35:40
    Dar es Salaam, Tanzania (PANA) - The gold price has fallen to a 20-month low amid sharp emerging-market currency depreciation, South Africa’s Mining Weekly reported on Friday quoting the World Gold Council (WGC). Full text...

  • Textile, Clothing industries can drive Africa’s industrialization, benefit women (By Vanessa Moungar, Emanuela Gregorio, AfDB)
    23 august 2018 13:44:16
    Abidjan, Cote d'Ivoire (PANA) - As the African Development Bank (AfDB) celebrates World Fashion Day, we take this opportunity to reflect on the potential of the Fashion industry to create value and wealth across the continent, with women and youth at the heart of this change. Full text...

  • 'IMF ready to help Angola address economic challenges', says deputy MD
    22 august 2018 16:55:58
    Luanda, Angola (PANA) – The Government of President João Manuel Gonçalves Lourenço has taken important steps toward improving governance and restoring macroeconomic stability in Angola, according to Mr. Tao Zhang, Deputy Managing Director of the International Monetary Fund (IMF). Full text...

  • Buhari signs Instrument of Accession to International Cocoa Agreement
    20 august 2018 16:47:05
    Abuja, Nigeria (PANA) – Nigeria’s President Muhammadu Buhari on Monday signed the Instrument of Accession to the International Cocoa Agreement, 2010, sequel to an approval by the Federal Executive Council (FEC). Full text...

  • FAO Director-General stresses the need to create more jobs for youth
    20 august 2018 11:41:13
    Kigali, Rwanda (PANA) - Africa's young people are key to achieving the continent's sustainable development, but realising this great potential requires creating more jobs for them, including in the increasingly digitalized agriculture sectors, FAO Director-General José Graziano da Silva, said on Monday Full text...

  • AUC Chief participaties in SADC Summit in Windhoek
    17 august 2018 13:47:39
    Addis Ababa, Ethiopia (PANA) - The Chairperson of the African Union Commission, Moussa Faki Mahamat, is in Windhoek, Namibia, to take part in the 38th Ordinary Summit of the Southern African Development Community (SADC), scheduled to take place on 17 and 18 August 2018. Full text...

  • AfDB, partners organize 2018 Global Public Procurement Conference in Washington
    17 august 2018 13:45:06
    Washington D.C., US (PANA) - The African Development Bank (AfDB), in collaboration with the Inter-American Development Bank (IADB), and other multilateral development banks and international institutions, will organize a Global Public Procurement Conference on the theme: "Towards the digital frontier". Full text...

  • Canadian Minister visits AfDB in Côte d’Ivoire, reinforces Canada’s role in Africa
    16 august 2018 14:49:55
    Abidjan, Cote d'Ivoire (PANA) - At the invitation of the Government of Côte d’Ivoire and the African Development Bank (AfDB) Group President, Dr. Akinwumi Adesina, Canada’s Minister for International Development, Marie-Claude Bibeau, is due to visit Côte d’Ivoire on Thursday to strengthen relations with the Bank, of which Canada is the fifth-largest shareholder and the fourth among non-regional member countries. Full text...

  • Thursday's exchange rates for the Mauritanian Ouguiya
    16 august 2018 11:05:31
    Nouakchott, Mauritania (PANA) - The following are Thursday's exchange rates for the Mauritanian Ouguiya as announced by the Central Bank of Mauritania. Full text...

  • Nigeria’s inflation drops to 11.14% in July
    15 august 2018 15:51:17
    Abuja, Nigeria (PANA) – The Nigerian National Bureau of Statistics (NBS), says the country’s Consumer Price Index (CPI), which measured inflation for July 2018, dropped to 11.14 per cent (year-on-year) from 11. 23 per cent recorded in June. Full text...

  • Wednesday's exchange rates for the Mauritanian Ouguiya
    15 august 2018 10:29:53
    Nouakchott, Mauritania (PANA) - The following are the exchange rates for the Mauritanian Ouguiya on Wednesday as issued by the Central Bank of Mauritania. Full text...

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