Economy -
  • Monday's exchange rates for the Mauritian Rupee
    12 november 2018 10:34:43
    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 exchange rates for Ghana cedi
    12 november 2018 09:21:00
    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 the Gambian Dalasi
    12 november 2018 08:35:51
    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...

  • Burundi minister slams Kenya airways for suspending flights to Bujumbura
    10 november 2018 19:00:25
    Bujumbura, Burundi (PANA) - Burundian Minister of Transport, Public Works and Infrastructure, Jean Bosco Ntunzwenimana, on Saturday expressed sadness following the announcement by Kenyan civil aviation company, "Kenya Airways", that it is suspending flights to Bujumbura, the Burundian capital, as from 11 November, 2018, "for administrative reasons". Full text...

  • 'Africa Investment Forum exceeds expectations as the curtain falls'
    10 november 2018 13:13:49
    Johannesburg, South Africa (PANA) - The curtain fell on a three-day marathon investment marketplace on Friday, with transactions worth billions of dollars sealed. Full text...

  • Saturday's exchange rates for Mauritanian Ouguiya
    10 november 2018 13:03:42
    Nouakchott, Mauritanie (PANA) - Following are Saturday's exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania Full text...

  • At AIF, CwA assesses role in facilitating private sector investments
    10 november 2018 13:00:05
    Johannesburg, South Africa (PANA) - As part of the Africa Investment Forum (AIF), ministers from the G20 Compact with Africa (CwA) have assessed the impact and role of driving private sector investment into Africa. Full text...

  • Development Financial Institutions pledge joint effort to ramp up investment into Africa
    10 november 2018 12:42:13
    Johannesburg, South Africa (PANA) - Major Development Finance Institutions (DFIs) have agreed to join forces to help boost private investments in developing economies, particularly those in Africa. Full text...

  • Gabon unveils new oil licences
    10 november 2018 11:58:45
    Libreville, Gabon (PANA) - The Gabonese government on Friday launched its new round of oil licensing, covering 34 blocks of oil and gas, PANA learnt from the Gabonese Ministry of Petroleum and Hydrocarbons. Full text...

  • Investment interest secured for 45 deals, worth US$32bn, at AIF
    10 november 2018 11:39:18
    Johannesburg, South Africa (PANA) - The first of its kind transaction-based Investment Forum in Africa, on Friday unveiled the conclusions of the boardroom sessions at the heart of the Forum, which brought together over 1,000 participants from governments, the private sector, development finance institutions, commercial banks, and institutional investors such as sovereign wealth funds and pension funds. Full text...

  • Saturday's exchange rates for the CFAF in Central Africa
    10 november 2018 11:14:26
    Libreville, Gabon (PANA) - Following are Saturday's exchange rates for the CFAF, as issued by the Bank of Central African States (BEAC). Full text...

  • High-tech player, Mara, unveils first African-made smartphone
    10 november 2018 11:12:55
    Johannesburg, South Africa (PANA) - African high-tech player, Mara, on Friday announced the production of their newest product, the Maraphone – the first made-in-Africa, full-scale smartphone, soon to be manufactured in plants across Africa. Full text...

  • Saturday’s forex rates for Gambian Dalasi
    10 november 2018 10:47:49
    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...

  • South Africa’s IDC, AfDB sign loan agreement to ramp up Africa's industrial, infrastructure development
    10 november 2018 10:46:25
    Johannesburg, South Africa (PANA) - The African Development Bank (AfDB) and the Industrial Development Corporation (IDC) of South Africa, have signed a US$100 million and ZAR 1.3 billion loan agreement to finance industrial and infrastructure projects in South Africa and other African countries. Full text...

  • IMF staff anticipate Namibia’s growth to recover gradually after recession
    09 november 2018 20:01:10
    Windhoek, Namibia (PANA) – It is important for Namibia to remove obstacles to exports, reduce market barriers, and streamline business regulations that contribute to high business costs, while addressing the shortage of skilled workers, an International Monetary Fund (IMF) team observed Friday as it concluded a weeklong working visit to the southwestern African nation. Full text...

  • Burkinabe Civil society protests hike in fuel price
    09 november 2018 14:23:01
    Ouagadougou, Burkina Faso (PANA) - The Burkinabe National Coalition Against High Cost of Living, Corruption, Fraud, Impunity and Freedoms (CCVC), says it is "stunned and outraged by the 75 CFA franc increase announced on Thursday by the government on the liter of diesel and super gasoline. Full text...

  • IMF mission arrives in Gabon
    09 november 2018 12:14:27
    Libreville, Gabon (PANA) - A mission of the International Monetary Fund (IMF) has arrived in Gabon for a 10-day visit during which it will review Gabon's Economic Recovery Programme with the Minister of Economy, Jean-Marie Ogandaga. Full text...

  • Friday's exchange rates for the Mauritanian Ouguiya
    09 november 2018 12:09:15
    Nouakchott, Mauritania (PANA) – Following are Friday’s exchange rates for the Ouguiya, as issued by the central bank of Mauritania. Full text...

  • Friday's exchange rates for the Mauritian Rupee
    09 november 2018 12:07:06
    Port-Louis, Mauritius (PANA) – Following are Friday’s exchange rates for the Rupee, as issued by the commercial bank of Mauritius. Full text...

  • Friday's exchange rates for CFAF in Central Africa
    09 november 2018 11:32:31
    Libreville, Gabon (PANA) - Following are Friday's exchange rates for the CFAF, as issued by the Bank of Central African States (BEAC) Full text...

  • Friday’s forex rates for the Gambian Dalasi
    09 november 2018 09:31:53
    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...

  • Egypt creates investment company to promote African cooperation
    08 november 2018 18:45:49
    Cairo, Egypt (PANA) - Seeking to promote cooperation with other African countries through technology transfer and experience sharing, Egypt is creating its National Company for African Investment, according to an announcement made Wednesday after the weekly ministerial council meeting. Full text...

  • AfDB presidents sees Africa as future global renewable-energy leader
    08 november 2018 17:19:22
    Johannesburg, South Africa (PANA) - African Development Bank (AfDB) president Akinwumi Adesina has said Africa is poised to become the leading region for renewable-energy globally and has reaffirmed the bank’s support for the ambitious ‘Desert to Power’ programme in the Sahel region. Full text...

  • Thursday's exchange rates for the Mauritanian Ouguiya
    08 november 2018 11:39:01
    Nouakchott, Mauritania (PANA) – Following are Thursday’s exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Gambia finance minister says economic outlook promising
    08 november 2018 10:08:38
    Banjul, Gambia (PANA) - Gambian Minister of Finance and Economy Affairs Mambury Njie, has indicated that the country's economic recovery is well underway and described the outlook as promising. Full text...

  • Thursday's exchange rates for Mauritian Rupee
    08 november 2018 09:36:36
    Port-Louis, Mauritius (PANA) - Following are Thursday’s exchange rates for the Mauritian Rupee, as issued by the commercial bank of Mauritius. Full text...

  • Thursday’s forex rates for the Gambian Dalasi
    08 november 2018 09:30:53
    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 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...

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