Economy -
  • Monday’s forex rates for the Gambian Dalasi
    30 july 2018 08:53:59
    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...

  • Mauritius, Kenya to sign MOUs l
    28 july 2018 09:06:38
    Port-Louis, Mauritius (PANA) - Mauritius and Kenya will sign a series of Memorandums of Understanding (MOU) with Kenya in several fields. Full text...

  • Saturday’s forex rates for the Gambian Dalasi
    28 july 2018 07:35:24
    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...

  • IFC supports diversification of Liberian economy
    27 july 2018 16:34:10
    Nairobi, Kenya (PANA) - Sérgio Pimenta, the Vice President for Africa and the Middle-East at the International Finance Corporation (IFC), has completed a working visit to Liberia, where he outlined IFC’s engagement and support for efforts to diversify the Liberian economy, the Corporation said on Friday. Full text...

  • AIF Road Show takes place in Cairo
    27 july 2018 15:39:16
    Cairo, Egypt (PANA) - Over 80 Egyptian public- and private-sector entities attended the African Investment Forum (AIF) road show organised by the African Development Bank (AfDB) on Wednesday in Cairo. Full text...

  • Friday's forex rates for Rwandan Franc
    27 july 2018 14:03:25
    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 Mauritian Rupee
    27 july 2018 08:42:12
    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 forex rates for the Gambian Dalasi
    27 july 2018 07:44:59
    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...

  • Guterres sounds alarm over worst cashflow crunch in years
    27 july 2018 06:20:55
    New York, US (PANA) - The United Nations is at risk of running out of cash, the UN chief has warned, urging Member States to pay their mandatory contributions on time and in full, so that the world body can continue to deliver on its key mandates. Full text...

  • 'South Africa sees Africa Investment Forum as vehicle for economic growth'
    26 july 2018 16:34:46
    Johannesburg, South Africa (PANA) - The Africa Investment Forum (AIF), African Development Bank’s new platform to enhance private-sector cooperation and drive investment to key development sectors on the continent, has received commendation from South Africa’s Finance Minister, Nhlanhla Nene. Full text...

  • RwandAir ranked third best Africa regional airline
    26 july 2018 11:43:04
    Kigali, Rwanda (PANA) - Rwanda's national carrier, RwandAir, has been ranked third Best Regional Airline in Africa by British-based consultancy, SKYTRAX, which runs an airline and airport review and ranking site. Full text...

  • Thursday's forex rates for Rwandan Franc
    26 july 2018 11:01:22
    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 Mauritian Rupee
    26 july 2018 09:00:18
    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
    26 july 2018 07:39:31
    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...

  • President Lungu to attend BRICS summit in South Africa
    25 july 2018 17:48:38
    Lusaka, Zambia (PANA) – Zambia President Edgar Lungu, will be among regional Heads of State attending the BRICS Summit being held in Johannesburg, South Africa, from 26-27 July, 2018, Zambia’s Foreign Affairs Minister Joseph Malanji, disclosed here Wednesday. Full text...

  • Nigeria, Benin Republic agree on joint committee to combat smuggling
    25 july 2018 17:44:38
    Abuja, Nigeria (PANA) – Nigeria’s President, Muhammadu Buhari, on Wednesday hosted President Patrice Talon of the Republic of Benin at the Presidential Villa, Abuja, during which the two leaders agreed on the need to set up a joint committee to combat smuggling. Full text...

  • Wednesday's forex rates for Mauritanian Ouguiya
    25 july 2018 14:53:00
    Nouakchott, Mauritania (PANA) - Following are Wednesday’s foreign exchange rates for the Ouguiya, as issued by the central bank of Mauritania. Full text...

  • Young people key actors in Africa's economic, social development - Meeting
    25 july 2018 10:15:52
    Brussels, Belgium (PANA) - The Africa-EU Economic and Social Stakeholders' Network sees young people as key actors in Africa's economic and social development. Full text...

  • Wednesday's forex rates for Rwandan Franc
    25 july 2018 09:10:21
    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...

  • Wednesday's forex rates for the Mauritian Rupee
    25 july 2018 07:53:51
    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...

  • Consortium delivers Bujagali refinancing to reduce Ugandan electricity costs
    24 july 2018 18:10:45
    Kampala, Uganda (PANA) - A consortium of development finance institutions and commercial lenders have announced the completion of the refinancing of more than USUS$400 million loans of Bujagali Energy Limited (BEL), aiming to help reduce electricity costs in Uganda. Full text...

  • Rwanda Airlines to open direct flights to China in Feb. 2019
    24 july 2018 15:53:59
    Kigali, Rwanda (PANA) - Rwanda national carrier, RwandAir is readying itself to open direct flights to Chinese city of Guangzhou if the two countries reach a bilateral Air Service Agreement by February 2019, an official source confirmed Tuesday to PANA in Kigali. Full text...

  • AfDB marks a milestone in financing clean energy in Africa
    24 july 2018 15:36:03
    Nairobi, Kenya (PANA) - As a cloud of steam rises from beneath the earth’s surface, sending fine showers onto the faces of dignitaries visiting the Menengai Well-01, a major geothermal power project in Kenya is set to significantly boost the country’s electricity capacity and lead the way in providing clean energy. Full text...

  • Colombian appointed WB Country Director for Eritrea, Kenya, Uganda and Rwanda
    24 july 2018 15:10:16
    Nairobi, Kenya (PANA) - Felipe Jaramillo has been appointed as the new World Bank Country Director for Eritrea, Kenya, Rwanda and Uganda, according to the World Bank. Full text...

  • Kagame says India will take advantage of African Continental Free Trade Area initiative
    24 july 2018 14:39:11
    Kigali, Rwanda (PANA) - Rwandan President Paul Kagame, has said that India will take full advantage of the recent ratification of the African Continental Free Trade Area (AfCTA), saying that the platform provides a larger and more robust market to tap into. Full text...

  • Tuesday's forex rates for Rwandan Franc
    24 july 2018 12:42:15
    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 Gambian Dalasi
    24 july 2018 08:46:04
    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...

  • IMF completes review programme for São Tomé and Principe
    24 july 2018 05:55:17
    São Tomé, São Tomé and Principe (PANA) - The Executive Board of the International Monetary Fund (IMF) on Monday completed the fifth review of the arrangement under the Extended Credit Facility (ECF) for São Tomé and Príncipe. Full text...

  • Trans-Gambia Bridge to be inaugurated in January
    23 july 2018 17:45:33
    Banjul, Gambia (PANA) - Contractors handling the Trans-Gambia Bridge construction at Yelli Tenda – Bamba Tenda crossing point, on Monday informed President Adama Barrow that the bridge will be ready for inauguration in January 2019. Full text...

  • AfDB, partners discuss key roles in accelerating Africa’s investment opportunities
    23 july 2018 17:14:57
    Johannesburg, South Africa (PANA) - The AfDB will on 25 July 2018, host a discussion on “Attracting Private Sector Investment into Africa” along the Business Forum of the countries of Brazil, Russia, India and China (BRICS), and in collaborating with the South African Chamber of Commerce and Industry (SACCI) in the Capital Empire Hotel in Johannesburg, South Africa. Full text...

  • Monday's forex rates for Rwandan Franc
    23 july 2018 09:43:21
    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
    23 july 2018 09:13:10
    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 Mauritian Rupee
    23 july 2018 08:36:46
    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...

  • Kenya's State oil corporation unveils plans to expand retail stations
    21 july 2018 19:22:56
    Nairobi, Kenya (PANA) - The National Oil Corporation of Kenya, whose mandate is to secure supply of petroleum products in the country, plans to increase its petrol station outlets to 300 by 2020, the state corporation's head of strategy and corporate affairs, Ken Mugambi, has said. Full text...

  • Saturday’s forex rates for Gambian Dalasi
    21 july 2018 11:22:39
    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...

  • Tanzania gets AfDB's US$ 123 million loan to finance power project
    21 july 2018 06:32:08
    Dar es Salaam, Tanzania (PANA) - The African Development Bank (AfDB) on Friday approved a loan of US$ 123.39 million for Tanzania to finance part of its North-West Grid 400 kV Nyakanaz–Kigoma power transmission line project. Full text...

  • AfDB approves US$ 250-million Risk Participation Agreement with ABSA
    21 july 2018 06:19:04
    Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Bank (AfDB) has approved an unfunded US$ 250-million Risk Participation Agreement (RPA) with ABSA Bank Limited. Full text...

  • SMEs benefit from US$20-million AfDB loan to Uganda Development Bank
    21 july 2018 06:08:11
    Kampala, Uganda (PANA) - The African Development Bank (AfDB) has approved a US$20 million loan to the Uganda Development Bank Limited (UDBL), the first development finance institution established by the Government of Uganda in 1972. Full text...

  • Friday's forex rates for Mauritian Rupee
    20 july 2018 14:46:13
    Port-Louis, Mauritius (PANA) - Following are Friday’s foreign exchange rates for the Rupee, as issued by the commercial bank of Mauritius. Full text...

  • Kenyatta, Adesina call for accelerated private sector investment in infrastructure
    20 july 2018 14:37:06
    Nairobi, Kenya (PANA) - Kenyan President, Uhuru Kenyatta, has made an urgent call for developing and funding bankable infrastructure projects to drive Africa’s growth agenda. Full text...

  • AfDB, partners sign declaration to spur economic development in Lusophone Africa
    20 july 2018 14:12:23
    Sal, Cabo Verde (PANA) - The African Development Bank (AfDB) and the Community of Portuguese Language Countries (CPLP) have signed a Declaration to support the “Development Finance Compact for the Lusophone Countries of Africa”. Full text...

  • Friday's forex rates for Rwandan Franc
    20 july 2018 12:25:30
    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 exchange rates for Ghana cedi
    20 july 2018 11:46:48
    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...

  • Tanzania’s top gold miner reports strong performance in halfway 2018
    20 july 2018 09:57:51
    Dar es Salaam, Tanzania (PANA) - Tanzania’s largest gold miner and one of the largest producers of gold in Africa, Acacia Mining plc, on Friday announced that it has delivered a strong operational performance in the first half of 2018 despite the continuation of the challenging environment in which it operates. Full text...

  • Multilateral trade challenged by ‘increasingly unilateral trade measures,’ UN forum hears
    20 july 2018 06:31:14
    New York, US (PANA) - Despite the improved economic growth, risks to the economic outlook are rising, the United Nations economic and social affairs chief said on Thursday, warning against “increasingly unilateral trade measures” that are challenging the multilateral trading system. Full text...

  • Mozambican President Filipe Nyusi visits Special Economic Zone in Rwanda
    19 july 2018 20:28:03
    Kigali, Rwanda (PANA) - The visiting Mozambican President, Filipe Nyusi, is looking to emulate Rwanda in the establishment of a Special Economic Zone with a view to attracting foreign direct investment to his country, an official source revealed Thursday in Kigali. Full text...

  • COMESA Summit applauds Tunisia, Somalia for joining regional bloc
    19 july 2018 20:23:12
    Lusaka, Zambia (PANA) – The 20th Common Market for Eastern and Southern Africa (COMESA) Summit ended in Lusaka on Thursday, commending Tunisia and Somalia for becoming new members of the regional bloc. Full text...

  • AfDB gives Burkina Faso 18-million-euro budget support
    19 july 2018 15:49:50
    Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Bank (AfDB) Group on Wednesday approved 18 million euros in funding from the African Development Fund (ADF) for Burkina Faso. Full text...

  • South Africa's Country Strategy Paper endorsed by AfDB
    19 july 2018 15:31:55
    Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) has approved a string of measures aimed at supporting South Africa’s economic development ambitions as an upper Middle-Income Country. Full text...

  • AfDB approves €20 million for private-sector competitiveness, others in Cabo Verde
    19 july 2018 15:04:46
    Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Bank (AfDB) has agreed to award to Cabo Verde, a 20-million-euro loan to finance the first phase of the country’s Private-Sector Competitiveness and Local Economic Development Program (PSC-LED). Full text...

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