Economy -
  • Future jobs require more investment in people – WB report
    12 october 2018 06:54:45
    Bali, Indonesia (PANA) - Greater investments in people’s health and education are urgent in a rapidly evolving labour market increasingly shaped by technology, according to the World Development Report 2019: The Changing Nature of Work released on Friday in Bali, Indonesia. Full text...

  • Kenyan economy to continue on high growth path into 2020: World Bank
    12 october 2018 06:46:10
    Nairobi, Kenya (PANA) - The Kenyan economy is projected to rise to 5.7% in 2018—from 4.9% in 2017—and continue to increase steadily to 5.8% in 2019 and 6.0% in 2020, the World Bank said in its latest economic update on Kenya released on Thursday. Full text...

  • Thursday's forex rates for Mauritanian Ouguiya
    11 october 2018 13:46:45
    Nouakchott, Mauritania (PANA) - The following are Thursday's foreign exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • AfDB provides 50m euros for Conakry-Bissau road project
    11 october 2018 13:42:51
    Abidjan, Cote d'Ivoire (PANA) - The governments of Guinea and Guinea Bissau will receive 50 million euros, in the form of grants and loans, to finance the first phase of the Boké-Québo road development project, a road corridor between Conakry and Bissau. Full text...

  • Kenya goes all out for renewable energy (A feature by AfDB)
    11 october 2018 13:28:44
    Nairobi, Kenya (PANA) - Kenya has taken less than a decade to make giant strides in its energy sector and the key to this are two iconic renewable energy projects that have benefited from the decisive support of the African Development Bank (AfDB): Turkana Wind Farm and Menengai Geothermal Power Station. Full text...

  • Bad weather disrupts flights at Kigali International Airport
    11 october 2018 11:06:26
    Kigali, Rwanda (PANA) - Bad weather at Kigali International Airport has caused several flight cancellations or delays on Thursday morning, an official statement issued in Kigali by Rwanda Air said. Full text...

  • EU adopts tougher rules on money laundering
    11 october 2018 10:38:40
    Brussels, Belgium (PANA) - The European Council on Thursday adopted a new anti money laundering directive, introducing new criminal law provisions which will disrupt and block access by criminals to financial resources, including those used for terrorist activities. Full text...

  • South African newsletter claims DRC, Tanzania taking extreme resource nationalist measures
    11 october 2018 10:35:27
    Johannesburg, South Africa (PANA) - Resource nationalist measures being implemented in Democratic Republic of Congo (DRC) and Tanzania are significantly more extreme than those being adopted and even considered in most other African countries, according to a mines-focused South African newsletter. Full text...

  • Thursday's forex rates for the Mauritian Rupee
    11 october 2018 08:21:45
    Port-Louis, Mauritius (PANA) - Following are Thursday's foreign exchange rates for the Mauritian Rupee as issued by the Mauritian Commercial Bank: Full text...

  • Thursday's forex rates for Rwandan Franc
    11 october 2018 08:19:39
    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 Gambian Dalasi
    11 october 2018 07:16:20
    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...

  • UN resolution paves way for mass use of driverless cars
    11 october 2018 03:36:59
    Geneva, Switzerland (PANA) - A resolution to ensure the safe use of automated vehicles was passed at the UN Economic Commission for Europe (UNECE) Global Forum on Road Traffic Safety in Geneva, on Wednesday. Full text...

  • AfDB, partner banks publish newly-harmonized framework for Private Sector operations
    10 october 2018 13:25:20
    Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) and other Multilateral Development Banks (MDBs) have published a harmonized framework for assessing "additionality" in their respective private sector operations. Full text...

  • Wednesday's forex rates for the Mauritanian Ouguiya
    10 october 2018 10:42:16
    Nouakchott, Mauritania (PANA) - The following are Wednesday's foreign exchange rates for the Mauritanian Ouguiya as issued by the Central Bank of Mauritania. Full text...

  • Wednesday's forex rates for Rwandan Franc
    10 october 2018 10:06:21
    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...

  • UN launches 16 million euro programme for Gambian youth, women
    10 october 2018 08:52:23
    Banjul, Gambia (PANA) – The UN Capital Development Fund (UNCDF) on Tuesday launched 16 million euro programme geared towards promoting climate resilience through local development finance and financial inclusion in support of job creation in the Gambia. Full text...

  • Wednesday's forex rates for the Mauritian Rupee
    10 october 2018 08:43:56
    Port-Louis, Mauritius (PANA) - Following are Wednesday's foreign exchange rates for the Mauritian Rupee as issued by the Mauritian Commercial Bank: Full text...

  • Wednesday’s forex rates for the Gambian Dalasi
    10 october 2018 08:39:37
    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...

  • Tuesday's exchange rates for Mauritanian Ouguiya
    09 october 2018 11:55:40
    Nouakchott, Mauritania (PANA) - The following are Tuesday's exchange rates for the Mauritanian Ouguiya as announced by the Central Bank of Mauritania. Full text...

  • Tuesday's exchange rates for Ghana cedi
    09 october 2018 10:28:08
    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 forex rates for the Mauritian Rupee
    09 october 2018 09:03:29
    Port-Louis, Mauritius (PANA) - Following are Tuesday's foreign exchange rates for the Mauritian Rupee as issued by the Mauritian Commercial Bank: Full text...

  • Tuesday’s forex rates for the Gambian Dalasi
    09 october 2018 07:40:36
    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...

  • 2-day India-West Africa business conclave begins in Abuja
    08 october 2018 16:45:41
    Abuja, Nigeria (PANA) – A two-day India-West Africa Business conclave began Monday in Abuja with stakeholders saying stable power supply in West Africa and stronger trade cooperation would aid the development of the sub-region. Full text...

  • Isuzu East Africa launch 1st Service Centre in Africa
    08 october 2018 13:13:48
    Nairobi, Kenya (PANA) - Truck and bus manufacturer, Isuzu East Africa, on Monday launched the first Isuzu Service Centre in Africa at its assembly plant in Nairobi, Kenya, as it marked the international customer service week. Full text...

  • Monday's exchange rates for Mauritian Rupee
    08 october 2018 09:15:00
    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...

  • Monday’s forex rates for the Gambian Dalasi
    08 october 2018 08:53:16
    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...

  • Australian company to invest in gold operations in Sudan
    07 october 2018 14:45:54
    Khartoum, Sudan (PANA) - An Australian company, Australian Resolute Company, is planning to spend 22 million dollars in gold prospecting in Sudan, bringing its expertise in the field to the country. Full text...

  • AfDB convenes Public Private Partnerships Workshop for Energy Sector in Eswatini
    06 october 2018 11:30:34
    Mbabane, Swaziland (PANA) - The African Development Institute of the African Development Bank (AfDB) and the Southern Africa Regional Development and Business Delivery Office will host a national workshop on “Enhancing Institutional Capacity to Implement Public Private Partnerships (PPPs) in the Energy Sector” in Mbabane, Eswatini, formerly called Swaziland, from 8-12 October, 2018. Full text...

  • Saturday’s forex rates for Gambian Dalasi
    06 october 2018 11:16:24
    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...

  • Walvis Bay Port expansion well under way in Namibia (An AfDB Feature)
    05 october 2018 15:21:42
    Windhoek, Namibia (PANA) - Sea sounds and splashing waves greet a docking ship at Walvis Bay, where cranes are ready to offload and place heavy containers from the vessel. Full text...

  • Friday's forex rates for Rwandan Franc
    05 october 2018 13:41:00
    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 Gambian Dalasi
    05 october 2018 07:03:52
    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...

  • IMF team sees Côte d’Ivoire putting up strong economic performance
    04 october 2018 18:11:52
    Abidjan, Côte d’Ivoire (PANA) - After the exogenous and endogenous shocks of 2017, the Ivoirian economy has exhibited resilience and strong economic performance is projected in 2018 and 2019, according to an International Monetary Fund (IMF) staff team that has completed a two-week mission to the West African country. Full text...

  • Thursday's forex rates for Rwandan Franc
    04 october 2018 15:09:44
    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...

  • Rwanda hosts 2018 African Economic Conference on regional, continental integration
    04 october 2018 13:05:02
    Kigali, Rwanda (PANA) - Key development actors, academics, researchers, development partners, politicians and financiers began a 3-day (3-5 Oct.) meeting in Kigali, Rwanda, on Wednesday, themed "Regional and Continental Integration for Africa’s Development", under the framework of the African Economic Conference (AEC). Full text...

  • Guinea's bauxite mining boom threatens rights - HRW says
    04 october 2018 11:52:08
    Conakry, Guinea (PANA) - Guinea’s fast-growing bauxite mining industry is threatening the livelihoods of thousands of Guineans, Human Rights Watch (HRW) said in a report released on Thursday. Full text...

  • Thursday's exchange rates for Mauritanian Ouguiya
    04 october 2018 10:32:55
    Nouakchott, Mauritania (PANA) - Following are Thursday’s exchange rates for the Mauritania Ouguiya, as issued by the Central bank of Mauritania. Full text...

  • Thursday’s forex rates for the Gambian Dalasi
    04 october 2018 07:52:58
    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...

  • Trade wars and protectionism threaten global shipping, warns UN agency
    04 october 2018 06:51:45
    New York, US (PANA) - Maritime trade is stronger than it’s been for five years, but “tit-for-tat” tariff battles and restructuring by shipping companies threaten to disrupt its role as a key player in global commerce, the UN said on Wednesday. Full text...

  • African Union tourism ministers launch push for broader tourism market
    04 october 2018 06:33:36
    Nairobi, Kenya (PANA) - African Union Ministers of tourism launched a process of creating a single continental tourism market with a renewed push for the removal of visas at the end of a ministerial meeting in Nairobi on Wednesday. Full text...

  • Growth in Sub-Saharan Africa is slower than expected – WB report
    03 october 2018 18:50:37
    Washington, US (PANA) - Sub-Saharan African economies are still recovering from the slowdown in 2015-16, but growth is slower than expected, according to the October 2018 issue of Africa's Pulse, the bi-annual analysis of the state of African economies by the World Bank. Full text...

  • Alcohol levy trimmed in Botswana
    03 october 2018 17:45:42
    Gaborone, Botswana (PANA) – Botswana has cut alcohol levy from 55 percent to 35 percent, following calls from brewery industry players who felt the levy negatively impacted on the operation cost. Full text...

  • Growth in Sub-Saharan Africa is slower than expected – WB report
    03 october 2018 17:41:36
    Washington, US (PANA) - Sub-Saharan African economies are still recovering from the slowdown in 2015-16, but growth is slower than expected, according to the October 2018 issue of Africa’s Pulse, the bi-annual analysis of the state of African economies by the World Bank. Full text...

  • Egypt, IFC launch Africa Start-Ups Initiative
    03 october 2018 11:06:14
    Nairobi, Kenya (PANA) - The International Finance Corporation (IFC) and the Egyptian Government have partnered in launching a new initiative geared towards strengthening the entrepreneurship ecosystem across Africa. Full text...

  • Wednesday's forex rates for Rwandan Franc
    03 october 2018 10:13:44
    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
    03 october 2018 07:44:31
    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...

  • Tuesday's forex rates for Mauritanian Ouguiya
    02 october 2018 13:16:05
    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 exchange rates for Mauritian Rupee
    02 october 2018 11:32:19
    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...

  • Tuesday's exchange rates for Ghana cedi
    02 october 2018 09:53:06
    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 forex rates for the Gambian Dalasi
    02 october 2018 07:16:33
    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...

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