Economy -
  • Friday's forex rates for Mauritian Rupee
    13 july 2018 10:39:04
    Port-Louis, Mauritius (PANA) - Following are Friday’s exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Friday's forex rates for Rwandan Franc
    13 july 2018 09:57:58
    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 forex rates for the Gambian Dalasi
    13 july 2018 08:19:07
    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...

  • Tanzania’s Economic Reform Program receives AfDB support
    12 july 2018 20:04:51
    Dar Es Salaam, Tanzania (PANA) - Tanzania’s ongoing macroeconomic reform program has received a boost from the African Development Bank (AfDB) through a US$40-million budget support loan to be provided by the African Development Fund (ADF), the concessional arm of the Bank Group. Full text...

  • Zambia to diversify energy generation with AfDB support
    12 july 2018 19:58:40
    Lusaka, Zambia (PANA) - The Board of Directors of the African Development Bank (AfDB) has approved US$50 million framework financing for small-scale renewable energy projects in Zambia, which will help diversify Zambia’s energy generation which is heavily reliant on hydro-electricity. Full text...

  • AfDB promotes SMEs access to funds in Africa
    12 july 2018 19:50:32
    Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) has approved an additional US$10 million equity investment in the African Guarantee Fund (AGF) for SMEs, to enable the Fund to continue guaranteeing loans to small- and medium-sized enterprises across Africa. Full text...

  • AfDB Energy Forum makes case for accelerated electrification of Africa
    12 july 2018 19:40:47
    Abidjan, Cote d'Ivoire (PANA) - Energy and development experts from Africa and beyond have called for renewed urgency in the drive to light up and power the continent. Full text...

  • Kenya to host maiden Africa monitoring, evaluation conference
    12 july 2018 17:35:19
    Nairobi, Kenya (PANA) - Kenya will host the first Africa Monitoring and Evaluation conference, which is geared towards facilitating dialogue among stakeholders on research and evaluation agenda. Full text...

  • Upgrade ICT skills or lose in global market, African firms told
    12 july 2018 16:58:24
    Nairobi, Kenya (PANA) - In September, the world’s leading experts on online learning will be in Kigali, the capital of Rwanda, for eLearning Africa, the continent’s largest conference on technology-assisted learning and training. Full text...

  • Kenya's Real Estate markets post improvement in 1st half of 2018 - Report
    12 july 2018 15:50:52
    Nairobi, Kenya (PANA) - Absorption of grades A and B office spaces in Nairobi rose by 12% in the first half of the year compared to the second half of the 2017, according to property consultancy firm, Knight Frank Kenya, in its Market Update report for the first half of 2018. Full text...

  • Thursday's exchange rates for Mauritanian Ouguiya
    12 july 2018 15:13:07
    Nouakchott, Mauritania (PANA) - Following are Thursday’s foreign exchange rates for the Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Thursday’s forex rates for the Gambian Dalasi
    12 july 2018 09:08:12
    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...

  • IMF lauds Equatorial Guinea for implementation of reform programme
    12 july 2018 07:17:11
    Malabo (Equatorial Guinea) - The International Monetary Fund (IMF) has lauded Equatorial Guinea's implementation of its reform programme saying despite substantial economic difficulties, the authorities have made progress and are contributing to the regional adjustment strategy. Full text...

  • IMF Executive Board approves US$44.25 million for Madagascar
    12 july 2018 07:02:58
    Washington, US (PANA) - The International Monetary Fund (IMF) is to disburse SDR 31.43 million (about US$44.25 million) to Madagascar, following the completion of the third review under the Extended Credit Facility (ECF) for the country. Full text...

  • AU report shows marginal cut on extreme poverty rates in East Africa
    12 july 2018 06:42:53
    Addis Ababa, Ethiopia (PANA) – Economic growth in East Africa managed to reduce extreme poverty rates by an average of 1 percentage point annually sustained over 23 years between 1990 and 2013, a maiden report by the African Union measuring economic trends in Africa shows. Full text...

  • AU launches inaugural report on economic growth prospects
    11 july 2018 12:36:19
    Addis Ababa, Ethiopia (PANA) – The potential for economic growth and development in Africa remains weak despite the entry of foreign partners investing in key sectors, including infrastructure development and low-cost technologies, according to a maiden report launched by the African Union. Full text...

  • Wednesday's exchange rates for Mauritanian Ouguiya
    11 july 2018 11:23:39
    Nouakchott, Mauritania (PANA) - Following are Wednesday’s exchange rates for the Ouguiya, as issued by the central bank of Mauritania. Full text...

  • Wednesday's exchange rates for Mauritian Rupee
    11 july 2018 11:21:34
    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 exchange rates for Ghana cedi
    11 july 2018 10:36:40
    Accra, Ghana (PANA) - The following are Wednesday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Wednesday’s forex rates for the Gambian Dalasi
    11 july 2018 08:02:24
    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...

  • Africa50 to unveil new shareholders, investment results in Nairobi 19 July
    10 july 2018 14:48:30
    Nairobi, Kenya (PANA) - Africa50, the pan-African infrastructure investment platform, holds its third general shareholders' meeting on 19 July, 2018, in Nairobi, Kenya Full text...

  • African Union Development Agency to be established in 2019
    10 july 2018 12:37:14
    Kigali, Rwanda (PANA) - The African Union Development Agency (AUDA), which is to take over all responsibilities assigned to the current New Partnership for Africa’s Development (NEPAD), will be established in January 2019, according to an official statement made available to PANA in Kigali. Full text...

  • Tuesday's forex rates for Rwandan Franc
    10 july 2018 11:37:53
    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 Mauritian Rupee
    10 july 2018 08:28:58
    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...

  • Tuesday’s forex rates for the Gambian Dalasi
    10 july 2018 07:22:38
    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...

  • UAE's leading satellite Broadband service to launch YahClick across West Africa
    09 july 2018 16:00:53
    Banjul, Gambia (PANA) - Yahsat, a UAE-based global satellite operator will be the Gold Sponsors when it participates in West Africa Com on 10-11 July, 2018, at the launch of its flagship broadband service – YahClick – in the region. Full text...

  • World Bank appoints new Vice President for Africa
    09 july 2018 13:40:34
    Washington, US (PANA) - The World Bank has appointed Hafez Ghanem as the new World Bank Vice President for Africa, effective July 1, the Bank announced on Monday. Full text...

  • Monday's forex rates for Rwandan Franc
    09 july 2018 08:36:36
    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 Mauritian Rupee
    09 july 2018 08:34:32
    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...

  • Monday’s forex rates for the Gambian Dalasi
    09 july 2018 07:38:44
    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...

  • International Day of Cooperatives sets stage for long-standing production, consumption
    08 july 2018 06:34:31
    Geneva, Switzerland (PANA) - Each year on the first Saturday in July, the international community celebrates the International Day of Cooperatives – successful businesses based on ethical values and principles. This year, the Day focused on the theme “Sustainable consumption and production of goods and services.” Full text...

  • AfDB convenes Africa Energy Market Place
    07 july 2018 11:15:24
    Abidjan, Cote d'Ivoire (PANA) - Public, private and civil society stakeholders, including government agencies, development partners and investors in the energy sector began a two-day workshop here on Friday to discuss the technical, commercial, regulatory and financial issues in Africa’s fast-growing Energy market. Full text...

  • Saturday’s forex rates for Gambian Dalasi
    07 july 2018 10:30:58
    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...

  • Mauritania: Friday's forex rates for Mauritanian Ouguiya
    06 july 2018 14:03:40
    Nouakchott, Mauritania (PANA) - Following are Friday’s exchange rates for the Ouguiya, as issued by the central bank of Mauritania. Full text...

  • Friday's forex rates for Rwandan Franc
    06 july 2018 13:57:05
    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 forex rates for the Mauritian Rupee
    06 july 2018 08:09:17
    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
    06 july 2018 07:59:05
    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...

  • Former ECA chief appointed chief negotiator for ACP-EU new Partnership deal
    05 july 2018 14:39:11
    Kigali, Rwanda (PANA) - The former Executive Secretary of the Economic Commission for Africa (ECA), Carlos Lopez of Guinea Bissau, has been officially appointed the High Representative of the African Union (AU) to support Member States in their negotiations for a new agreement with the EU after 2020, an official statement made available Thursday to PANA in Kigali said. Full text...

  • Thursday's forex rates for Rwandan Franc
    05 july 2018 14:01:24
    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...

  • AfDB, APUA organize 2018 CEO Governance, Leadership Forum on power sector
    05 july 2018 13:58:48
    Cairo, Egypt (PANA) - To Improve Governance and Leadership in Africa’s power sector, the African Development Bank (AfDB), in collaboration with the Association of Power Utilities of Africa (APUA), is to organize the African Power Utilities CEO Governance and Leadership Forum in Cairo, Egypt, from 9-10 July, 2018. Full text...

  • Thursday's exchange rates for Ghana cedi
    05 july 2018 10:17:33
    Accra, Ghana (PANA) - The following are Thursday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Thursday's forex rates for the Mauritian Rupee
    05 july 2018 09:24:27
    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
    05 july 2018 08:24:36
    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...

  • AfDB partners African countries to transform investment-ready projects into real opportunities
    04 july 2018 17:32:24
    Abuja, Nigeria (PANA) - The African Development Bank (AfDB) says it will embark on a roadshow in Abuja, Nigeria, on 10 July, 2018, to mobilize key stakeholders towards putting together a pipeline of bankable projects ahead of the Africa Investment Forum (AIF). Full text...

  • AfDB improves ranking in 2018 Global Aid Transparency Index
    04 july 2018 17:30:16
    Abidjan, Cote d'Ivoire (PANA) - The 2018 Aid Transparency Index Report, released by Publish What you Fund, has ranked the African Development Bank (AfDB) 4th among 45 development organizations, thereby lifting the Bank by six positions since 2016. Full text...

  • Wednesday's exchange rates for Mauritanian Ouguiya
    04 july 2018 12:07:20
    Nouakchott, Mauritania (PANA ) - Following are Wednesday’s exchange rates for the Ouguiya, as issued by the central bank of Mauritania. Full text...

  • IMF says economic situation in Egypt has continued to improve this year
    04 july 2018 11:48:48
    Cairo, Egypt (PANA) - The International Monetary Fund (IMF) has said the economic situation of Egypt has continued to improve during this year. Full text...

  • Senegal's growth rate commendable but public finances deteriorate - IMF
    04 july 2018 11:34:47
    Dakar, Senegal (PANA) - The Executive Board of the International Monetary Fund (IMF) has completed the sixth review of Senegal’s economic performance under a programme supported by the Policy Support Instrument (PSI). Full text...

  • CAR relies on grant financing due to debt distress risk - IMF
    04 july 2018 10:19:46
    Bangui, Central African Republic (PANA) – Continued reliance on grant financing is essential to support debt sustainability in Central African Republic (CAR), the Executive Board of the International Monetary Fund (IMF) has said while approving a disbursement of US$32.1 million for the country. Full text...

  • Wednesday’s forex rates for the Gambian Dalasi
    04 july 2018 09:43:49
    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...

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