Economy -
  • Thursday's exchange rates for Ghana cedi
    16 november 2017 07:12:16
    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...

  • IMF team reports imbalances in Angolan economy
    15 november 2017 19:42:32
    Luanda, Angola (PANA) – Despite a mild recovery in the Angolan economy this year, significant macroeconomic imbalances remain, according to an International Monetary Fund (IMF) staff team that on Wednesday completed a 10-day visit to the country’s capital, Luanda. Full text...

  • Nigeria hires Malaysian consultancy firm to prop up economic recovery
    15 november 2017 18:06:31
    Abuja, Nigeria (PANA) – Nigeria’s Federal Executive Council (FEC) on Wednesday approved the engagement of a Malaysian consultancy firm to do a study that will aid implementation of the National Economic Recovery and Growth Plan (ERGP). Full text...

  • Ghana projects 6.8% economic growth in 2018
    15 november 2017 13:13:31
    Accra, Ghana (PANA) - Ghna's economy is expected to grow by 6.8% in 2018, up 0.5% on the projected 2017 figure, Finance Minister Ken Ofori-Atta announced on Wednesday. Full text...

  • Wednesday’s forex rates for the Gambian Dalasi
    15 november 2017 11:45:56
    Banjul, Gambia (PANA) – The following are Wednesday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Wednesday's exchange rates for Mauritanian Ouguiya
    15 november 2017 10:20:33
    Nouakchott, Mauritania (PANA) - Following are Wednesday’s exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • 'Industry giants fail to tackle child labour allegations in cobalt battery supply chains'
    15 november 2017 08:59:13
    Kinshasa, DRC (PANA) - Major electronics and electric vehicle companies are still not doing enough to stop human rights abuses entering their cobalt supply chains, almost two years after an Amnesty International investigation exposed how batteries used in their products could be linked to child labour in the Democratic Republic of Congo (DRC), the human rights organization said on Wednesday. Full text...

  • Wednesday's forex rates for Mauritian Rupee
    15 november 2017 08:38:45
    Port-Louis, Mauritius (PANA) - Following are Wednesday’s foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • One in 10 children work, ILO reports at start of conference to end underage labour
    15 november 2017 07:07:19
    Buenos Aires, Argentina (PANA) – An estimated 152 million children around the world work, a practice that the international community at a United Nations co-organised conference in Buenos Aires, Argentina, is trying to eliminate. Full text...

  • Wednesday's exchange rates for Ghana cedi
    15 november 2017 06:30:00
    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...

  • Wednesday's exchange rates for Tanzania Shilling
    15 november 2017 06:28:06
    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...

  • African conference on diamond opens on Wednesday in Brussels
    14 november 2017 13:49:06
    Brussels, Belgium (PANA) - About 400 delegates including 10 African ministers of Mines will, from Wednesday, take part in a conference organised in Brussels on the initiative of African diamond producing countries, Belgium and the International Diamond Centre of Antwerp, a communiqué issued by the Belgian ministry of foreign affairs said on Tuesday. Full text...

  • Tuesday's forex rates for Mauritanian Ouguiya
    14 november 2017 10:21:08
    Nouakchott, Mauritania (PANA) - Following are Tuesday’s foreign exchange rates for the Ouguiya, as issued by the central bank of Mauritania. Full text...

  • Tuesday's forex rates for the Mauritian Rupee
    14 november 2017 08:53:28
    Port-Louis, Mauritius (PANA) - Following are Tuesday’s foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Tuesday's exchange rates for Tanzania Shilling
    14 november 2017 08:50:15
    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...

  • Tuesday's forex rates for Rwandan Franc
    14 november 2017 07:16:47
    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...

  • Tuesday’s forex rates for the Gambian Dalasi
    14 november 2017 06:58:36
    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...

  • Tuesday’s exchange rates for Ghana cedi
    14 november 2017 06:43:21
    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...

  • IMF approves US$20.7 million disbursement to Liberia
    14 november 2017 06:36:33
    Washington, US (PANA) – The Executive Board of the International Monetary Fund (IMF) has announced an immediate disbursement of US$20.7 million to Liberia following completion of the seventh and eighth (final) reviews of the country’s economic performance under the programme supported by the Fund’s Extended Credit Facility (ECF) arrangement. Full text...

  • Botswana announces plan to cut electricity imports
    13 november 2017 20:04:27
    Gaborone, Botswana (PANA) - Botswana Power Corporation (BPC) on Monday said it has embarked on a US$430 million power project in its bid to reduce electricity imports from Namibia, Zimbabwe and Zambia. Full text...

  • Energy company to invest US$10 million in bioenergy
    13 november 2017 11:52:25
    Freetown, Sierra Leone (PANA) - Sunbird Bio Energy Africa Limited, a sustainable energy developer, has announced that the company is willing to invest US$10 million to supplement energy production in rural Sierra Leone. Full text...

  • Monday's forex rates for Rwandan Franc
    13 november 2017 09:15:21
    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 Tanzania Shilling
    13 november 2017 08:50:53
    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...

  • Monday's exchange rates for Ghana cedi
    13 november 2017 06:17:15
    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...

  • Mauritania reaches staff-level deal with IMF on policies and reforms
    11 november 2017 10:08:29
    Nouakchott, Mauritania (PANA) – Following productive discussions, an International Monetary Fund (IMF) team has reached a staff-level agreement ad referendum with Mauritanian authorities on an economic reform programme to be supported by a three-year arrangement under the Fund’s Extended Credit Facility (ECF). Full text...

  • 'Egypt ambitious to unlock its growth potential' - IMF team
    11 november 2017 09:15:45
    Cairo, Egypt (PANA) – Reducing unemployment among Egypt’s youth and integrating more women into the labour force are key to the country’s economic liftoff and are the strongest and most sustainable form of social protection, an International Monetary Fund (IMF) team has observed. Full text...

  • IMF team highlights good performance of Rwanda’s economy
    11 november 2017 07:37:26
    Kigali, Rwanda (PANA) – An International Monetary Fund (IMF) team has reached preliminary agreement with the government of Rwanda on policies that could support completion of eighth and third reviews of the country’s Policy Support Instrument (PSI) and Standby Credit Facility (SCF)-supported programmes. Full text...

  • SDGs present trillion dollar potential business for Africa - UN official
    10 november 2017 17:09:20
    Nairobi, Kenya (PANA) - Sustainable Development Goals of the United Nations present US$1.1 trillion US dollars potential for business in Africa and creation of up to 85 million jobs, UN Global Compact CEO and Executive Director Ms. Lise Kingo has said. Full text...

  • Kenyan oil pipeline nears completion to bolster regional distribution
    10 november 2017 16:54:34
    Nairobi, Kenya (PANA) - Kenya is set to complete the construction of a new oil pipeline running from the port city of Mombasa to Nairobi by next month, the office of the President, said Friday. Full text...

  • Friday's forex rates for the Mauritanian Ouguiya
    10 november 2017 10:02:17
    Nouakchott, Mauritania (PANA) - Following are Friday’s foreign exchange rates for the Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Rwanda's inflation rate inches up in October
    10 november 2017 09:38:42
    Kigali, Rwanda (PANA) - Rwanda's headline annual inflation increased slightly to 3.6 percent in October from 3.8 percent in the previous month, the National Institute of Statistics of Rwanda said on Friday. Full text...

  • Friday's forex rates for the Mauritian rupee
    10 november 2017 08:43:07
    Port-Louis, Mauritius (PANA) - Following are Friday’s foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Friday's forex rates for Rwandan Franc
    10 november 2017 08:20:04
    Kigali, Rwanda (PANA) - The following are Friday's foreign exchange rates for the Rwandan franc, as issued by the National Bank of Rwanda. Full text...

  • Friday's exchange rates for Ghana cedi
    10 november 2017 06:29:36
    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...

  • Rwanda's first ever motorbike plant: A breath of fresh air into manufacturing (A Feature by Aimable Twahirwa, PANA Correspondent, Kigali)
    09 november 2017 15:07:10
    Kigali, Rwanda (PANA) - Rwanda has its first ever motorcycle assembly plant and it is a breath of fresh air into manufacturing in the country. Full text...

  • Thursday's forex rates for Rwandan Franc
    09 november 2017 11:43:12
    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 exchange rates for Ghana cedis
    09 november 2017 08:00:15
    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...

  • Nigeria extols nation's impressive World Bank Doing Business report
    08 november 2017 19:29:00
    Abuja, Nigeria (PANA) – Nigeria’s Vice President, Professor Yemi Osinbajo on Wednesday said that the nation’s impressive ranking in the latest World Bank Doing Business report is proof that the country can do better if Nigerians faces its challenges head on. Full text...

  • Wednesday's forex rates for Rwandan Franc
    08 november 2017 13:20:29
    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...

  • Wednesday's exchange rates for Ghana cedis
    08 november 2017 05:52:00
    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...

  • Sierra Leone gov’t lifts ban on overseas employment
    07 november 2017 20:10:33
    Freetown, Sierra Leone (PANA) - The Minister of Labour and Social Security, Martin Teambo, on Tuesday announced that the government has lifted the ban on overseas employment for Sierra Leoneans. Full text...

  • Nigeria's 2018 budget based on US$45 per barrel, 2.3 million barrels per day
    07 november 2017 19:52:41
    Abuja, Nigeria (PANA) – Nigeria’s President Muhammadu Buhari on Tuesday presented the 2018 budget proposal of 8.612 trillion naira to the joint session of the National Assembly. (N305=$1). Full text...

  • African negotiators begin final round of talks on continental free trade area
    07 november 2017 16:20:28
    Abuja, Nigeria (PANA) - African trade negotiators have kicked off a meeting in Abuja, Nigeria's administrative capital, to finalise the key planks of a continental free trade agreement, the African Union's trade and industry department said on Tuesday. Full text...

  • Tuesday's forex rates for Rwandan Franc
    07 november 2017 13:27:44
    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...

  • Tuesday's forex rates for the Mauritanian Ouguiya
    07 november 2017 09:12:41
    Nouakchott, Mauritania (PANA) - Following are Tuesday’s foreign exchange rates for the Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Tuesday's forex rates for the Mauritian Rupee
    07 november 2017 07:59:37
    Port-Louis, Mauritius (PANA) - Following are Tuesday’s foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Tuesday's exchange rates for Ghana cedi
    07 november 2017 06:46:11
    Accra, Ghana (PANA) - The following are Tuesday's average interbank exchange rates for Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Monday's forex rates for Rwandan Franc
    06 november 2017 12:26:51
    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 forex rates for the Gambian Dalasi
    06 november 2017 11:53:20
    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...

  • Monday's exchange rates for Ghana cedi
    06 november 2017 06:29:54
    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...

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