Economy -
  • Islamic Finance, Tunisia seal natural gas import deal
    07 february 2019 16:05:32
    Nairobi, Kenya (PANA) - The International Islamic Trade Finance Corporation (ITFC) and the Tunisian Government have signed a $154-million financing agreement for the import natural gas from Tunisia, the Islamic Trade Finance Organization said on Thursday. Full text...

  • Egypt’s records increased deficit in balance of trade
    07 february 2019 15:37:31
    Cairo, Egypt (PANA) - Egypt's central service for general mobilisation and statistics on Thursday said the deficit in the country's balance of trade rose by 8.8% to US$3.78 billion in November compared to US$3.47 billion in 2017. Full text...

  • Third meeting on tuna supply and fishing activities opens
    07 february 2019 15:32:47
    Balaclava, Mauritius (PANA) - The third meeting between the European Union (EU) fishing industry and the Indian Ocean tuna processing industry opened on Thursday in Balaclava, northern Mauritius, with the participation of representatives of the EU fishing fleets as well as those of the fisheries sector of Madagascar and Seychelles. Full text...

  • Facebook to open African content review centre in Nairobi
    07 february 2019 13:16:08
    Nairobi, Kenya (PANA) - American social media and social network firm, Facebook, is set to open its first sub-Saharan Africa content review centre in Nairobi. Full text...

  • More than 8 million tourists visit Tunisia
    07 february 2019 12:24:51
    Tunis, Tunisia (PANA) - The Tunisian tourism sector achieved very good results in 2018 with more than eight million tourists visiting the country, an increase of 18 percent compared to 2017, the secretary general of the Tunisian Federation of Hotels, Rym Ben Fadhel, said on Thursday. Full text...

  • Thursday's forex rates for the Mauritanian Ouguiya
    07 february 2019 10:47:00
    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 Gambian Dalasi
    07 february 2019 10:44:53
    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...

  • Cote d'Ivoire to host Seventh round table on financial inclusion policies
    07 february 2019 09:38:48
    Abidjan, Cote d'Ivoire (PANA) - The Seventh annual round table of leaders of the African Initiative on Financial Inclusion Policies (AFPI) will take place on 1 March in Abidjan, the Ivorian economic capital, says a government communiqué. Full text...

  • Thursday's forex rates for the Mauritian Rupee
    07 february 2019 07:53:38
    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...

  • Niger bagged CFAF 612 billion in oil revenues between 2012 and 2018 - oil minister
    06 february 2019 22:58:14
    Zinder, Niger (PANA) - Niger’s oil industry bagged 621 billion CFA francs in revenue for its public treasury between 2012-2018, Foumakoye Gado, Minister of Petroleum, announced on Wednesday. Full text...

  • Tanzania to become continent's fastest growing economy - AfDB Report
    06 february 2019 20:08:35
    Dar es Salaam, Tanzania (PANA) - Tanzania’s economy will grow at an estimated 6.6 percent in 2019 and 2020, according to the latest continental economic report published by the African Development Bank (AfDB). Full text...

  • 2nd Africa Investment Forum to be held in November in South Africa
    06 february 2019 20:05:24
    Abidjan, Côte d'Ivoire (PANA) - The second Africa Investment Forum (AIF), organized by the African Development Bank (AfDB), will be held in Johannesburg from November 6 to 8 in South Africa. Full text...

  • Mauritius combats money laundering and financing of terrorism
    06 february 2019 15:21:36
    Flic-en-Flac, Mauritius (PANA) – Mauritian Financial Services and Good Governance minister Dharmendar Sesungkur on Wednesday expressed the government’s determination and perseverance in enhancing capacity and competence to counter terrorism and achieve a “zero tolerance” policy. Full text...

  • AfDB invests over one billion dollars in Burundi
    06 february 2019 13:40:07
    Bujumbura, Burundi (PANA) – The African Development Bank (AfDB) has financed 100 projects in Burundi for more than one billion US dollars since 1968, officials of the bank said here on Wednesday. Full text...

  • Lesotho on slow growth recovery driven by diamonds production
    06 february 2019 12:50:40
    Maseru, Lesotho (PANA) - Growth is recovering in Lesotho following last year’s slowdown, although the economic situation remains challenging, and the erosion of fiscal buffers highlights the need for adjustment, according to an International Monetary Fund (IMF) staff team that has conducted the 2019 Article IV Consultation with authorities in the country’s capital, Maseru. Full text...

  • Egypt faces favourable macroeconomic outlook
    06 february 2019 10:56:01
    Cairo, Egypt (PANA) – Egypt’s unemployment has declined to its lowest level since 2011 and, as a result of strong policy implementation, the country’s macroeconomic outlook remains favourable, according to the Executive Board of the International Monetary Fund (IMF). Full text...

  • Wednesday's forex rates for the Mauritanian Ouguiya
    06 february 2019 09:48:28
    Nouakchott, Mauritania (PANA) – Following are Wednesday’s exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Wednesday's exchange rates for the Mauritian Rupee
    06 february 2019 08:59:06
    Port-Louis, Mauritius (PANA) – Following are Wednesday’s exchange rates for the Rupee, as issued by the commercial bank of Mauritius. Full text...

  • Wednesday’s forex rates for the Gambian Dalasi
    06 february 2019 07:41:38
    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...

  • AfDB needs to increase capital to achieve 2063 agenda goals - President Adesina
    05 february 2019 20:27:25
    Abidjan, Côte d 'Ivoire (PANA) - The President of the African Development Bank (AfDB), Akinwumi Adesina, on Tuesday appealed for an increase in the institution's capital base to enable it achieve the objectives of Agenda 2063 - "the Africa we want" - from the African Union (AU). Full text...

  • African Mining Conference attracts 6,000 delegates
    05 february 2019 12:21:00
    Cape Town, South Africa (PANA) – South Africa is a safe venue for mining investments and the country’s documented scourge of corruption is being addressed, according to Mineral Resources Minister Gwede Mantashe who addressed delegates at the Investing In African Mining Conference in Cape Town on Tuesday. Full text...

  • EU ambassador urges Botswana to diversify the economy and export
    05 february 2019 12:20:19
    Gaborone, Botswana (PANA) - The European Union (EU) Ambassador to Botswana and Southern African Community (SADC), Jan Sadek, has urged Botswana to diversify its economy to produce more export commodities. Full text...

  • AfDB, ECOWAS seal Abidjan-Lagos Highway study deal
    05 february 2019 12:03:16
    Nairobi, Kenya (PANA) - The African Development Bank (AfDB) and the Economic Community of West African States (ECOWAS) Commission have signed an agreement for a study into a 1,000 kilometre highway from Abidjan to Lagos. Full text...

  • Tuesday's forex rates for the Mauritanian Ouguiya
    05 february 2019 09:53:40
    Nouakchott, Mauritania (PANA) – Following are Tuesday’s exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Tuesday’s forex rates for the Gambian Dalasi
    05 february 2019 08:13:28
    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
    05 february 2019 06:42:44
    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...

  • Botswana moves to comply with ILO conventions
    04 february 2019 21:25:11
    Gaborone, Botswana (PANA) - Botswana is currently reviewing its labour laws to ensure compliance with the International Labour Organisation (ILO) conventions, the Botswana finance minister, Kenneth Matambo, has revealed. Full text...

  • French business delegation to visit Luanda
    04 february 2019 18:02:54
    Paris, France (PANA) - A delegation of French business leaders from Medef-International Africa Committee will visit Luanda, the capital of Angola, on Tuesday to strengthen economic relations between the two parties. Full text...

  • Monday's forex rates for Rwandan Franc
    04 february 2019 09:17:00
    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
    04 february 2019 08:54:26
    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 the Mauriritian Rupee
    04 february 2019 08:07:58
    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...

  • Kenya asked to improve its planning system
    03 february 2019 13:55:11
    Addis Ababa, Ethiopia (PANA) - Kenya has been asked to improve its planning system, as strong linkages between key institutions are needed to ensure integrated planning, effective implementation of economic policies, programmes and projects and regular follow-up and monitoring. Full text...

  • US businessmen discuss investment opportunities in Benghazi
    03 february 2019 13:52:53
    Benghazi, Libya (PANA) - Saqr Omran Boujawari, President of the Benghazi City Council in Libya, has spoken with a number of investors from the United States of America about ways to cooperate and opportunities to establish investment projects in various economic fields. Full text...

  • EU willing to support Congo on negotiations with IMF
    02 february 2019 17:39:02
    Brazzaville, Congo (PANA) – The European Union is ready to support the Congolese government in tackling its debt crisis during negotiations with the International Monetary Fund (IMF), EU Ambassador in Congo, Raul Mateus Paula, assured Congo's Minister of Finance and Budget, Calixte Nganongo on Saturday. Full text...

  • Cape Verde fuel prices rise again
    02 february 2019 15:42:16
    Praia, Cape Verde (PANA) - Fuel prices in Cape Verde went up on Friday after successive reductions in recent months, PANA learned on Saturday. Full text...

  • Leak repaired on pipeline at Ras Lanouf oil terminal in Libya
    02 february 2019 14:14:58
    Tripoli, Libya (PANA) - Libyan oil company Al-Hourrou, announced on Saturday that transport and maintenance crews on Friday managed to control a leak in the 'Amal' line 36 of the Ras Lanouf crude oil pipeline in the northeast of the country. Full text...

  • Saturday's forex rates for the Mauritanian Ouguiya
    02 february 2019 11:34:15
    Nouakchott, Mauritania (PANA) – Following are Saturday’s exchange rates for the Mauritanian Ouguiya as issued by the Central Bank of Mauritania. Full text...

  • Mauritius Commercial Bank opens branch in Kenya
    02 february 2019 11:31:26
    Port Louis, Mauritius (PANA) – Mauritius Commercial Bank (MCB) Group has opened an office in the Kenyan capital, Niarobi, according to a statement released by the Group on Saturday in Port Louis. Full text...

  • Saturday’s forex rates for Gambian Dalasi
    02 february 2019 10:28:05
    Banjul, Gambia (PANA) – The following are Saturday’s foreign exchange rates for the Gambian Dalasi as published by Trust Bank Gambia Ltd: Full text...

  • Friday's forex rates for the Mauritanian Ouguiya
    01 february 2019 10:57:20
    Nouakchott, Mauritania (PANA) – Following are Friday’s exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Friday’s forex rates for the Gambian Dalasi
    01 february 2019 08:09:07
    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...

  • Sahel region solar power projects to connect 250 million - AfDB
    31 january 2019 20:43:12
    Nairobi, Kenya (PANA) - Solar projects stretching across the Sahel region are expected to connect 250 million people with electricity by tapping into the region’s abundant solar resource, the African Development Bank (AfDB) announced on Thursday. Full text...

  • WB economist advises Congo to ditch 'unsustainable' economic model
    31 january 2019 14:03:44
    Brazzaville, Congo (PANA) – A principal economist at the World Bank on Thursday suggested that Congo should discard its current economic model because it is no longer sustainable. Full text...

  • Mauritius, Mozambique sign three MoUs to deepen economic ties
    31 january 2019 12:58:19
    Port Louis, Mauritius (PANA) - Mauritius and Mozambique on Thursday renewed their commitment to deepen existing bilateral and economic ties and enhance their engagement in Africa by signing of three Memoranda of Understanding (MoUs) pertaining to the environment, tourism and trade, and investment opportunities. Full text...

  • Thursday's forex rates for the CFA Franc in Central Africa
    31 january 2019 10:15:23
    Libreville, Gabon (PANA) – Following are Thursday’s foreign exchange rates for the CFA Franc, as issued by the Bank of Central African States. Full text...

  • Foreign investments in Tunisia up by 27pc in 2018
    31 january 2019 10:03:30
    Tunis, Tunisia (PANA) - Foreign investments in 2018 in Tunisia reached US$1.0 billion against US$926 million in 2017. Full text...

  • Ivorian government adopts regulatory measures for inland transport
    31 january 2019 08:49:05
    Abidjan, Côte d'Ivoire (PANA) - The Ivorian Government on Wednesday adopted regulatory measures for the organisation and regulation of inland transport. Full text...

  • Thursday's forex rates for the Mauritian Rupee
    31 january 2019 08:41:40
    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 the Gambian Dalasi
    31 january 2019 08:38:45
    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...

  • Botswana strives to meet demands of labour market
    31 january 2019 00:27:58
    Gaborone, Botswana (PANA) - The Human Resource Development Council (HRDC), a supervisory organization acting as the government’s advisor on human resource development, has taken yet another stride to aid human development in Botswana. Full text...

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