Economy -
  • US: ‘Our economic advice proven accurate, applicable for sustainable dev't’ - UN
    14 july 2017 11:39:08
    New York. US (PANA) – Economic analysis by the United Nations over the past 70 years has proven to be accurate and can help countries navigate through a difficult current world economic situation and implement the new global development goals, an in-depth review of the analysis has found. Full text...

  • Gambia: Friday's forex rates for Gambian Dalasi
    14 july 2017 08:23:44
    Banjul, Gambia (PANA) - The following are Friday's foreign exchange rates for the Gambian Dalasi, as issued by the Central Bank of The Gambia. Full text...

  • Ghana: Friday's exchange rates for Ghana cedi
    14 july 2017 07:07:20
    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...

  • Egypt: IMF Board gives Egypt green light to draw US$1.25bn
    14 july 2017 05:52:26
    Cairo, Egypt (PANA) – Egyptian authorities can now draw US$1.25 billion from the Extended Fund Facility (EFF) of the International Monetary Fund (IMF), following completion of the first review of the country’s economic reform programme by the IMF Executive Board on Thursday. Full text...

  • Tanzania: Friday's exchange rates for Tanzania Shilling
    14 july 2017 05:48:52
    Dar es Salaam, Tanzania (PANA) - The following are Friday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • France: UNESCO, World Bank collaborate on Culture, Urban Development, Resilience
    14 july 2017 05:45:19
    Paris, France (PANA) - The Director-General of UNESCO, Irina Bokova, and Sameh Wahba, Director of the Social, Urban, Rural and Resilience Global Practice of the World Bank, on Thursday signed a new Memorandum of Understanding (MoU) at the UNESCO Headquarters in Paris, France, to reinvigorate the two institutions’ joint commitment to advance sustainable development by investing in culture, urban development and resilience in an integrated manner. Full text...

  • Uganda: AfDB approves Uganda’s Country Strategy Paper 2017-2021
    14 july 2017 05:42:50
    Kampala, Uganda (PANA) - The Board of Directors of the African Development Bank Group (AfDB) has approved Uganda’s Country Strategy Paper (CSP) for the period 2017-2021, which focuses on infrastructure development for industrialization; skills and capacity development. Full text...

  • Cote d'Ivoire: AfDB President on 3-day visit to Cameroon
    14 july 2017 05:39:08
    Abidjan, Cote d'Ivoire (PANA) - The President of the African Development Bank Group (AfDB), Dr. Akinwumi Adesina, will undertake an official visit to Yaounde, Cameroon, from 15 to 18 July, 2017. Full text...

  • Rwanda: Rwanda concludes Concession Agreement for new Bugesera Int'l Airport
    14 july 2017 05:34:28
    Kigali, Rwanda (PANA) - With the backing of the African Legal Support Facility (ALSF), the Government of Rwanda has taken a concrete step towards becoming a transportation hub for the East African region with the signing of a Concession Agreement for the construction and operation of Bugesera International Airport. Full text...

  • Switzerland: Tourism key to foster trade for LDCs – UN-backed report
    13 july 2017 19:46:30
    Geneva, Switzerland (PANA) – A United Nations-backed report released on Thursday has stressed the need for greater recognition of tourism as a key service export in order to attract technical assistance to the sector in least developed countries (LDCs). Full text...

  • Rwanda: IMF Board commends Rwanda’s strong macroeconomic policy
    13 july 2017 18:37:56
    Kigali, Rwanda (PANA) – Rwanda has made notable economic progress in the past two decades, anchored by its carefully-considered development strategy, according to the International Monetary Fund (IMF)’s Deputy Managing Director, Mr. Tao Zhang. Full text...

  • Rwanda: Thursday's forex rates for Rwandan Franc
    13 july 2017 14:05:55
    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...

  • Cote d'Ivoire: AfDB Group approves historic agreement with European Commission
    13 july 2017 12:31:11
    Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Bank Group has approved a historic framework agreement known as the Pillar Assessed Grant or Delegation Agreement (PAGODA) between the Bank and the European Commission (EC). Full text...

  • Morocco: AfDB’s regional open data platform features at World Statistics Congress
    13 july 2017 12:28:44
    Marrakech, Morocco (PANA) - The African Information Highway, a first of its kind data hub developed by the African Development Bank (AfDB) to revolutionize data management and dissemination in Africa, will be spotlighted at the 61st World Statistics Congress. Full text...

  • Gambia: Thursday's forex rates for Gambian Dalasi
    13 july 2017 06:42:36
    Banjul, Gambia (PANA) - The following are Thursday's foreign exchange rates for the Gambian Dalasi, as issued by the Central Bank of The Gambia. Full text...

  • Ghana: Thursday's exchange rates for Ghana cedi
    13 july 2017 06:15:08
    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...

  • Ethiopia: ECA calls for strengthened intra-African trade to spur growth
    12 july 2017 18:22:08
    Addis Ababa, Ethiopia (PANA) - The Aid for Trade Global Review 2017 opened Wednesday at the World Trade Organisation (WTO) headquarters with the Economic Commission for Africa’s Capacity Development Division (CDD) Director, Stephen Karingi, emphasizing the need to boost intra-African trade. Full text...

  • Gambia: 'World Bank committed to support Gambian gov’t'
    12 july 2017 15:51:13
    Banjul, Gambia(PANA) - Mrs. Louis J. Cord, the World Bank country director to the Gambia, has reassured the government and people of the Gambia that the world's finance institution is committed to formidable economic challenges and opportunities in the tiny west African country, PANA report Wednesday. Full text...

  • Gambia: Wednesday's forex rates for Gambian Dalasi
    12 july 2017 14:28:16
    Banjul, Gambia (PANA) - The following are Wednesday's foreign exchange rates for the Gambian Dalasi, as issued by the Central Bank of The Gambia. Full text...

  • Rwanda: Wednesday's forex rates for Rwandan Franc
    12 july 2017 11:56:31
    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...

  • Cote d'Ivoire: AfDB, Islamic Development Bank sign new US$ 2bn deal to fund energy
    12 july 2017 08:11:15
    Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) and the Islamic Development Bank (IsDB) have signed a landmark agreement to strengthen partnership at country level. Full text...

  • Botswana: Aviation authorities in Botswana investigate crash
    12 july 2017 07:21:34
    Gaborone, Botswana (PANA) - Botswana’s transport and communications ministry has launched an investigation into last week’s aircraft crash inn which a trainee pilot died. Full text...

  • Ghana: Wednesday's exchange rates for Ghana cedi
    12 july 2017 06:29:02
    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...

  • Chad: AfDB to finance construction of 32 megawatts solar power plant in N’Djamena
    11 july 2017 20:18:06
    N’Djamena, Chad (PANA) - The African Development Bank (AfDB) is to fund the construction of a 32 megawatts solar plant in N’Djamena, the Chadian capital. Full text...

  • Rwanda: Tuesday's forex rates for Rwandan Franc
    11 july 2017 14:41:11
    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...

  • Gambia: Tuesday's forex rates for Gambian Dalasi
    11 july 2017 13:00:28
    Banjul, Gambia (PANA) - The following are Tuesday's foreign exchange rates for the Gambian Dalasi, as issued by the Central Bank of The Gambia. Full text...

  • Tanzania: IMF experts see sub-Saharan Africa informal economy as world's largest
    11 july 2017 09:55:24
    Dar es Salaam, Tanzania (PANA) - The informal economy in sub-Saharan Africa (SSA) remains among the largest in the world, although this share has been very gradually declining, according to a working paper released on Tuesday by three staffers of the International Monetary Fund (IMF). Full text...

  • Morocco: Rabat retains US$3.42bn with IMF as precautionary
    11 july 2017 09:39:20
    Rabat, Morocco (PANA) - Though the International Monetary Fund (IMF) Executive Board approved the Precautionary and Liquidity Line (PLL) for Morocco to the tune of US$3.42 billion in July 2016, the authorities in Rabat have not drawn on it and intend to keep the arrangement as precautionary. Full text...

  • Ghana: Tuesday's exchange rates for Ghana cedi
    11 july 2017 06:28:23
    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...

  • Tanzania: Tuesday's exchange rates for Tanzania Shilling
    11 july 2017 06:27:35
    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...

  • Mali: IMF approves US443.96m disbursement to Mali
    10 july 2017 16:48:44
    Bamako, Mali (PANA) - The Executive Board of the International Monetary Fund (IMF) on Monday announced approval of a request by Malian authorities for a one-year extension of the country's Extended Credit Facility (ECF) arrangement to 17 December 2018 and the disbursement of US$43.96 million. Full text...

  • Gambia: Monday's forex rates for Gambian Dalasi
    10 july 2017 13:51:57
    Banjul, Gambia (PANA) - The following are Monday's foreign exchange rates for the Gambian Dalasi, as issued by the Central Bank of The Gambia. Full text...

  • Tanzania: Monday's exchange rates for Tanzania Shilling
    10 july 2017 08:10:06
    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...

  • Ghana: Monday's exchange rates for Ghana cedi
    10 july 2017 05:04:24
    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...

  • Germany: G20 Leaders launch 'Africa Partnership' to address challenges in African countries
    08 july 2017 17:41:17
    Hamburg, Germany (PANA) - Globalisation and technological change have contributed significantly to driving economic growth and raising living standards across the globe, but besides the challenges it has created, its benefits have not been shared widely enough, Leaders of the G20 said in a declaration at the end of their two-day meeting in Hamburg, Germany, on Saturday. Full text...

  • Zimbabwe: Zimbabwe economy wriggles in fiscal imbalances
    08 july 2017 08:15:24
    Harare, Zimbabwe (PANA) - Zimbabwe's ongoing deficit financing modalities, particularly the credit from the central bank, are unsustainable and have significant potential for generating inflationary pressures, the Executive Board of the International Monetary Fund (IMF) has warned the southern Africa country. Full text...

  • Zimbabwe: IMF says overvalued Zim dollar hurts Zimbabwe's external competitiveness
    07 july 2017 18:50:47
    Harare, Zimbabwe (PANA) - An overvalued real exchange rate for the Zimbabwean dollar is hurting the southern African country's external competitiveness, the Executive Board of the International Monetary Fund (IMF said Friday on conclusion of the Article IV consultation with authorities in Harare. Full text...

  • US: IMF Board nods approval to Guinea-Bissau's public financial management
    07 july 2017 09:36:24
    Washington, D.C., US (PANA) - Guinea-Bissau's economic activity has remained robust and there has been good progress in improving public financial management, supported by an Extended Credit Facility (ECF) arrangement with the International Monetary Fund (IMF) since July 2015. Full text...

  • Ghana: Friday's exchange rates for Ghana cedi
    07 july 2017 07:08:50
    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...

  • US: Low growth takes toll on South Africa's public finances, raises government debt
    06 july 2017 17:22:49
    Washington, D.C., US (PANA) - South Africa’s vulnerabilities have become more pronounced and are set to increase further unless economic growth revives, according to the International Monetary Fund (IMF)'s findings released Thursday, while the Fund's Executive Directors said they considered that the country's scope for monetary or fiscal policy to provide stimulus was limited. Full text...

  • US: Trade reinvigoration can boost global economic growth, say IMF, WB, WTO
    06 july 2017 16:44:27
    Washington, D.C., US (PANA) - The economic well-being of billions of people around the world depends on trade, heads of the global finance and trade institutions said on Thursday, calling for deeper trade integration twinned with supportive domestic policies to help boost incomes and accelerate global growth. Full text...

  • Cote d'Ivoire: AfDB creates jobs for millions of women, youth in Africa through the fashion industry
    06 july 2017 14:28:57
    Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) has called for the empowerment of small and medium operators in the textiles, apparel and accessories sectors as a deliberate job creation strategy. Full text...

  • Ghana: 'Ghana’s Northern Rural Growth Programme is transforming agriculture' - AfDB
    06 july 2017 14:17:52
    Accra, Ghana (PANA) - Ghana has continued to show steady improvements in economic growth of over 7% per year on average since 2005, making it the first African country to meet the Millennium Development Goal (MDG) 1 of eradicating extreme poverty and hunger, according to the African Development Bank (AfDB). Full text...

  • Gambia: Thursday's forex rates for Gambian Dalasi
    06 july 2017 11:37:37
    Banjul, Gambia (PANA) - The following are Thursday's foreign exchange rates for the Gambian Dalasi, as issued by the Central Bank of The Gambia. Full text...

  • Mauritius: Thursday's forex rates for Mauritian Rupee
    06 july 2017 09:59:07
    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...

  • Rwanda: Thursday's forex rates for Rwandan Franc
    06 july 2017 08:23:08
    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...

  • Tanzania: Thursday's exchange rates for Tanzania Shilling
    06 july 2017 06:48:30
    Dar es Salaam, Tanzania (PANA) - The following are Thursday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • Ghana: Thursday's exchange rates for Ghana cedi
    06 july 2017 05:18:31
    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...

  • US: Guterres outlines steps to strengthen UN’s development framework
    06 july 2017 05:16:54
    New York, US (PANA) – Stating that the 2030 Agenda for Sustainable Development is the “boldest agenda for humanity” and requires equally bold changes in the United Nations development system, Secretary-General António Guterres on Wednesday outlined steps to better place the Organization to deliver tangible results in the lives of the people it serves. Full text...

  • US: New UN report urges African countries to harness growing tourism sector
    06 july 2017 05:09:16
    New York, US (PANA) – The United Nations has said in a new report released in New York on Wednesday has urged African governments to make it easier and safer for Africans to travel within the continent, noting that tourism demand there is increasingly driven by the people themselves. Full text...

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