Economy -
  • UNCTAD says promises to world’s poorest need to be kept to stop massive inequalities
    05 february 2018 18:13:25
    Geneva, Switzerland (PANA) - Economic development in the world’s most-disadvantaged countries – mostly in sub-Saharan Africa – is stalling against the background of a lukewarm global recovery, risking widening inequality, according to a new analysis from the UN Conference on Trade and Development (UNCTAD). Full text...

  • World Bank grants Liberia US$24.6 million for governance, economic boost
    05 february 2018 17:46:16
    Monrovia. Liberia (PANA) – The Liberian government and the World Bank have signed a US$24.67 million grant agreement for the Fourth Poverty Reduction Support Development Policy Operation (PRSDPO-IV) for Liberia. Full text...

  • Tunisia announces maritime deals with Senegal, Côte d'Ivoire, Ghana
    05 february 2018 15:48:17
    Tunis, Tunisia (PANA) - Tunisia is considering to establish direct commercial maritime link between Tunis and Dakar, Abidjan (Côte d’Ivoire) and Tema (Ghana), a communiué issued Monday by the Tunisian ministry of Transport says. Full text...

  • Rwanda to upgrade Gisenyi domestic airport to international standard
    05 february 2018 14:15:46
    Kigali, Rwanda (PANA) - The Rwandan government is planning to upgrade its domestic airport in the country’s nort westen town of Gisenyi, near the border with the Democratic Republic of Congo (DRC), to international standard by 2021, an official source revealed Monday in Kigali. Full text...

  • Monday's forex rates for Rwandan Franc
    05 february 2018 10:05:55
    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...

  • 'Belt tightening' continues in Botswana
    05 february 2018 09:40:43
    Gaborone, Botswana (PANA) – Botswana economy remains in the woods, the finance minister has reiterated ahead of the new fiscal year 2018/2019. Full text...

  • Botswana invest more in ICT
    05 february 2018 09:35:09
    Gaborone, Botswana (PANA) - Botswana has announced plans to move her economy to the next level of a knowledge-based economy through investment in information and communications technology (ICT). Full text...

  • Monday's forex rates for the Mauritian Rupee
    05 february 2018 09:15:23
    Port-Louis, Mauritius (PANA) - Following are Monday’s foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Monday’s forex rates for the Gambian Dalasi
    05 february 2018 09:13:25
    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...

  • Saturday’s forex rates for Gambian Dalasi
    03 february 2018 08:10:17
    Banjul, Gambia (PANA) – The following are Saturday’s foreign exchange rates for the Gambian Dalasi (D), as published by the Trust Bank Gambia Ltd: Full text...

  • Friday’s forex rates for Gambian Dalasi
    02 february 2018 14:21:55
    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...

  • Friday's forex rates for Rwandan Franc
    02 february 2018 11:10:23
    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 forex rates for the Mauritanian Ouguiya
    02 february 2018 10:40:36
    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 Mauritian Rupee
    02 february 2018 10:17:54
    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 exchange rates for Ghana cedi
    02 february 2018 06:55:24
    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...

  • Gambia’s economy set on path to recovery
    01 february 2018 17:23:16
    Banjul, Gambia (PANA) - Thanks to tight expenditure limits, fiscal consolidation and ongoing economic reforms, Gambia's gross international reserves increased to about 4 months of imports of goods and services in January 2018 while the country’s fiscal position markedly improved, said the country's central bank chief on Thursday. Full text...

  • Tanzania set to open world’s largest graphite mine
    01 february 2018 15:05:31
    Dar es Salaam, Tanzania (PANA) – Volt Resources, an Australian Securities Exchange (ASX)-listed company developing a graphite mine in Bunyu area of southern Tanzania, on Thursday said the project’s funding pathway provides for local investment in the largest graphite project in the country and one of the largest in the world. Full text...

  • Thursday's forex rates for the Mauritanian Ouguiya
    01 february 2018 12:11:02
    Nouakchott, Mauritania (PANA) - Following are Thursday’s foreign exchange rates for the Ouguiya, as issued by the Central bank of Mauritania. Full text...

  • Tanzania’s leading gold miner enters price protection measures
    01 february 2018 10:20:54
    Dar es Salaam, Tanzania (PANA) - Acacia Mining Plc, Tanzania’s largest gold miner, on Thursday announced that it has bought additional put options covering 120,000 ounces of gold at a strike price of US$1,320 per ounce for a cost of US$2.0 million. Full text...

  • Thursday’s forex rates for the Gambian Dalasi
    01 february 2018 10:01:44
    Banjul, Gambia (PANA) – The following are Thursday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Wednesday’s forex rates for the Gambian Dalasi
    31 january 2018 08:30:37
    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 forex rates for Rwandan Franc
    31 january 2018 07:46:19
    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...

  • World Bank report finds rise in global wealth, but inequality persists
    30 january 2018 21:00:23
    Dar es Salaam, Tanzania (PANA) - Global wealth grew significantly over the past two decades but per capita wealth declined or stagnated in more than two dozen countries in various income brackets, says a new World Bank report. Full text...

  • AU's free trade area set for launch in March
    30 january 2018 10:51:20
    Kigali, Rwanda (PANA) - The long-awaited Free Trade Area (FTA) that aims to increase intra-regional trade within the continent, will be launched in March this year in Kigali, Rwandan Foreign Affairs minister, Louise Mushikiwabo, said in a statement obtained by PANA on Tuesday in Kigali. Full text...

  • Tuesday’s forex rates for the Gambian Dalasi
    30 january 2018 10:26:48
    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 forex rates for Rwandan Franc
    30 january 2018 08:30:58
    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 Mauritian Rupee
    30 january 2018 08:12:56
    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...

  • Poverty eradication, inclusive growth focus of UN Social Development Commission's 2018 session
    30 january 2018 06:56:17
    New York (PANA) - Countries must accelerate inclusive and equitable economic growth and sustainable development that will not leave behind vulnerable populations, such as women and youth, the United Nations deputy chief told the Commission for Social Development, which opened its annual session on Monday. Full text...

  • Tunisian PM in Morocco for regional high-level conference
    29 january 2018 14:57:28
    Tunis, Tunisia (PANA) – The Tunisian Prime Minister, Youssef Chahed, will participate in a two-day regional high-level conference, jointly organized by the International Monetary Fund (IMF), the Arab Monetary Fund (FMA), the Arab Fund for economic and social development (FADES) and the Moroccan government. Full text...

  • Monday’s forex rates for the Gambian Dalasi
    29 january 2018 10:52:56
    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 forex rates for Rwandan Franc
    29 january 2018 10:03:27
    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 Mauritian Rupee
    29 january 2018 09:04:03
    Port-Louis, Mauritius (PANA) - Following are Monday’s foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • African Economic Outlook 2018 presented to AU Summit delegates in Addis Ababa
    27 january 2018 15:43:39
    Addis Ababa, Ethiopia (PANA) - African economies have been resilient to negative shocks, but poor infrastructure is a serious impediment to inclusive growth, according to the 2018 edition of the African Economic Outlook (AEO) presented to delegates in Addis Ababa, Ethiopia, at the African Union (AU) Summit on Friday. Full text...

  • Cutting down public debt remains elusive in Cape Verde - IMF
    27 january 2018 06:44:52
    Praia, Cape Verde (PANA) – Cape Verde’s economic recovery is gaining momentum reflecting a more favourable external environment and the payoff of ongoing economic reforms, according to the International Monetary Fund (IMF), as it forecasts output growth of the group of islands off the West African coast to accelerate to 4.3 percent in 2018. Full text...

  • Germany grants Mali Euros 53 million for water supply, irrigation projects
    26 january 2018 17:39:41
    Bamako, Mali (PANA) - Germany has given Mali 53 million Euros for a water supply and irrigation project in the regions of Timbuktu (north-east), Mopti (centre), Gao (north), Koulikoro (north-east) and Kayes (west), according to an agreement signed here on Friday by the German ambassador in Mali, Dietricch Becker, and the Malian Minister of Defence and Former Combatants. Full text...

  • Aircraft movements rise in Botswana
    26 january 2018 16:26:07
    Gaborone, Botswana (PANA) - Botswana’s aircraft movement has recorded an increase though international flights decreased, according to the country's Statistician General, Anna Majelantle. Full text...

  • Friday forex rates for Mauritanian Ouguiya
    26 january 2018 15:53:38
    Nouakchott, Mauritania (PANA) - Following are Friday’s foreign exchange rates for the Ouguiya, as issued by the Central bank of Mauritania. Full text...

  • Friday’s forex rates for the Gambian Dalasi
    26 january 2018 09:51:32
    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...

  • Friday's exchange rates for Ghana cedi
    26 january 2018 06:49:16
    Accra, Ghana (PANA) - The following are Friday's the average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • WAEMU embarks on reforms to modernize financial sector
    25 january 2018 17:31:36
    Dakar, Senegal (PANA) – Member countries of the West African Economic and Monetary Union (WAEMU) have introduced an ambitious set of reforms to modernize the financial sector regulations. Full text...

  • Thursday’s forex rates for the Gambian Dalasi
    25 january 2018 11:24:13
    Banjul, Gambia (PANA) – The following are Thursday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Thursday's forex rates for the Mauritanian Ouguiya
    25 january 2018 10:26:39
    Nouakchott, Mauritania (PANA) - Following are Thursday’s exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Thursday's forex rates for the Mauritian Rupee
    25 january 2018 08:40:05
    Port-Louis, Mauritius (PANA) - Following are Thursday’s foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Thursday's forex rates for Rwandan Franc
    25 january 2018 08:29:50
    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...

  • Mauritius geared to become key Indian Ocean maritime hub
    24 january 2018 19:53:34
    Balaclava, Mauritius (PANA) – Mauritian Prime Minister Pravind Jugnauth said on Wednesday that the island is determined to have world class transportation systems, logistics and facilities for the sustainable growth of its economy and thus, it is investing massively in the infrastructural development of its port to make it a preferred maritime hub in the Indian Ocean. Full text...

  • Wednesday's forex rates for Rwandan Franc
    24 january 2018 11:30:55
    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 forex rates for the Gambian Dalasi
    24 january 2018 09:49:43
    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 forex rates for the Mauritian Rupee
    24 january 2018 08:05:39
    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...

  • President Kagame attends World Economic Forum in Davos
    23 january 2018 14:23:47
    Kigali, Rwanda (PANA) - Rwandan President Paul Kagame is among World leaders attending the 48th annual World Economic Forum (WEF) from 23-26 January, 2018, in Davos, Switzerland, an official source confirmed on Tuesday. Full text...

  • AfDB to support Tunisia's 2018 budget with US$ 460 million
    23 january 2018 14:09:17
    Tunis, Tunisia (PANA) - The African Development Bank (AfDB) will give Tunisia US$ 462.5 million to sustain its 2018 budget, the Tunisian ministry of Development, Investment and International cooperation said on Tuesday in a communiqué. Full text...

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