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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

Port-Louis, Mauritius (PANA) - Following are Friday’s foreign exchange rates for the Rupee, as issued by the commercial bank of Mauritius. Full text...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

Windhoek, Namibia (PANA) - The Board of Directors of the African Development Bank (AfDB) has approved a loan of US$ 217.8 million (ZAR 3 billion) to finance the second phase of Namibia’s Economic Governance and Competitiveness Support Programme (EGCSP II). Full text...

Nairobi, Kenya (PANA) - The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, is visiting Kenya from 19 to 21, July, 2018, to participate in high-level activities aimed at strengthening cooperation with the Kenyan Government to attract more private-sector funding Full text...

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...

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...

Cairo, Egypt (PANA) - Here are the results and latest standings from Day 3, Group Stage of the 2018 CAF Confederation Cup, played across Africa on Wednesday. Full text...

Lusaka, Zambia (PANA) – Zambia's former Deputy Finance Minister Chileshe Kapwepwe has been appointed as Secretary General of the Common Market for Eastern and Southern Africa (COMESA), becoming the first woman to occupy that position. Full text...

Lusaka, Zambia (PANA) – Outgoing Secretary General of the Common Market for Eastern and Southern Africa (COMESA) has called on leaders of the economic bloc to cooperate more so as to destroy the artificial boundaries that were bequeathed to Africa by colonialism. Full text...

Lusaka, Zambia (PANA) – The 20th Summit of the Common Market for Eastern and Southern Africa (COMESA) Heads of State and Government began on Wednesday in the Zambian capital, Lusaka, with high level discussions anchored on transforming the region’s economy through adoption of digital technologies and scaling up value addition and beneficiation. Full text...

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...

Nairobi, Kenya (PANA) - The safety and convenience of mobile banking services have been severely hit by fraud involving the rapid swapping of SIM cards, according to Myriad Connect, a digital software applications firm. Full text...

Abidjan, Cote d'Ivoire (PANA) - A team from the Sahel Alliance Secretariat, led by Jean-Marc Gravellini, Head of the Sahel Alliance Coordination Unit, will visit the African Development Bank (AfDB) headquarters in Abidjan, Côte d'Ivoire, from 18 to 19 July, 2018. Full text...

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...

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...

Port-Louis, Mauritius (PANA) - Following are Tuesday’s foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

Lusaka, Zambia (PANA) – Tunisia and Somalia are expected to join the Common Market for Eastern and Southern Africa (COMESA) during the 20th COMESA Summit taking place 18-19 July, in the Zambian capital, Lusaka. Full text...

Lusaka, Zambia (PANA) - Kenya has secured an extension of a protectionist measure to shield local sugar companies from extreme competition from regional sugar exporters in Eastern and Southern Africa, Kenya's foreign ministry officials said on Sunday. Full text...

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...

N'Djamena, Chad (PANA) - Human rights group Amnesty International on Monday published a report that criticises the Chadian authorities for a host of austerity measures that are pushing people into deeper poverty, undermining access to necessary health care and putting education beyond the reach of many. Full text...

Abidjan, Cote d'Ivoire (PANA) - From 13 to 29 July, 2018, the African Development Bank (AfDB) will present the Africa Investment Forum (AIF), the largest investment market in Africa, in North Africa, in a regional road show preceding the first ever Africa Investment Forum, to be held in Johannesburg, South Africa, from 7 to 9 November, 2018. Full text...

Abuja, Nigeria (PANA) - Although higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures for Nigeria economy, the West African country's recovery remains challenging. Full text...

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...

Tokyo, Japan (PANA) - The African Development Bank (AfDB) will on 2 August, 2018, organize a seminar on Africa’s energy and investment potentials in Tokyo, Japan. Full text...

Tunis, Tunisia (PANA) - The European Commissioner for neighbourhood policy and extension, Johannes Hahn, announced on Friday in Tunis, on arrival for an official visit, that eight international partners have agreed to give Tunisia 5.5 billion euros, made up of 2.5-billion-euro loans and donations for 2018-2019. Full text...