Economy -
  • Ethiopia: UNECA calls for more private equity fund investment in Africa
    09 april 2014 21:12:29
    Addis Ababa, Ethiopia (PANA) - The UN Economic Commission for Africa (ECA) has called for increments in the private equity funds investment in Africa to improve infrastructure. Full text...

  • Mauritius: Parliament passes bill to boost science and technology research
    09 april 2014 19:41:33
    Port-Louis, Mauritius (PANA) - The Mauritian Parliament on Wednesday passed the Mauritius Research Council (Amendment) BiIl which, according to the Tertiary Education, Research and Technology Minister Rajesh Jeetah, will enable Mauritius realise its full potential in the future by making the present and future generations use of science and technology. Full text...

  • Senegal: Wednesday's forex rates for the Gambian currency
    09 april 2014 17:09:51
    Dakar, Senegal (PANA) – Following are Wednesday's foreign exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Libya: Al-Harriga oil terminal reopened
    09 april 2014 15:21:40
    Tripoli, Libya (PANA) – The oil port of al-Harriga (East), handed back to the Libyan government following an agreement signed with the armed groups who control several oil ports, was reopened on Wednesday and put under the control of soldiers, official sources told PANA in Toubrouk, Eastern Libya. Full text...

  • Cote d'Ivoire: Trading at the West African Bourse declines again
    09 april 2014 15:00:28
    Abidjan, Côte d’Ivoire (PANA) - Trading at the West African regional stock exchange (BRVM) ended Tuesday on the decline with the BRVM index 10 falling from 256.09 to 253.68 points, representing a decrease of 0.94%. Full text...

  • Nigeria: Senate passes 4.6 trillion naira budget for 2014
    09 april 2014 13:50:00
    Abuja, Nigeria (PANA) - Nigeria's upper legislative chamber, the Senate, Wednesday passed the country's 2014 budget, worth 4,695,190,000,000 Naira (US$28.4 billion). Full text...

  • Nigeria: Finance Minister wins Rockefeller award
    09 april 2014 13:30:07
    Abuja, Nigeria (PANA) - Nigeria's Finance Minister and Coordinating Minister for the Economy Ngozi Okonjo-Iweala has been honoured with the prestigious David Rockefeller Bridging Leadership Award, the ministry said in a statement. Full text...

  • Tunisia: Tunisia, Arab Fund sign pacts
    09 april 2014 13:08:41
    Tunis, Tunisia ( PANA) - The Arab Fund for Economic and Social Development (FADES) and the Tunisian government have signed three agreements for the financing of small and medium enterprises and for the strengthening of road infrastructure, PANA learnt Wednesday from reliable sources. Full text...

  • Nigeria: Govt disburses 11b naira to vehicle production outfits
    09 april 2014 12:27:49
    Lagos, Nigeria (PANA) - The Nigerian government has disbursed over 11 billion naira (US$66.6 million) to 33 companies in vehicle production business to jump start the newly-introduced automotive policy, the local media reported Wednesday. Full text...

  • Libya: Wednesday's forex rates for Dinar
    09 april 2014 12:07:43
    Tripoli, Libya (PANA) - Following are Wednesday's exchange rates for the Libyan Dinar: Full text...

  • Mauritania: Wednesday's exchange rates for Ouguiya
    09 april 2014 11:49:49
    Nouakchott, Mauritania (PANA) - Following are Wednesday's exchange rates for the Mauritanian Ouguiya: Full text...

  • Ethiopia: African experts meet on how to stop capital flight
    09 april 2014 11:47:00
    Addis Ababa, Ethiopia (PANA) - African finance Ministers and Central Bank Governors were meeting here Wednesday to discuss policies required to stop the excessive illegal flow of capital from Africa to tax havens around the world. Full text...

  • Ghana: Wednesday's exchange rates for Ghana Cedi
    09 april 2014 09:19:53
    Accra, Ghana (PANA) - The following are Wednesday’s average inter-bank exchange rates for the Ghana Cedi, as announced by the Ghana Association of Bankers: Full text...

  • Zambia: Wednesday’s exchange rates in Zambia
    09 april 2014 08:33:00
    Lusaka, Zambia (PANA) - Following are the latest exchange rates for the Zambian kwacha, as released by the Bank of Zambia Wednesday: Full text...

  • Mauritius: Wednesday's forex rates for Rupee
    09 april 2014 08:22:09
    Port-Louis, Mauritius (PANA) - Following are Wednesday's exchange rates for the Mauritian Rupee: Full text...

  • Ethiopia: Ethiopia reduces business risk to attract more investors - Deputy PM
    08 april 2014 22:14:36
    Addis Ababa, Ethiopia (PANA) - Ethiopia has passed laws protecting investments from forceful takeover, easing the repatriation of dividends and signing deals avoiding double taxation to improve business climate, Deputy Prime Minister, Economy, Debretsion Gebremichael said Tuesday. Full text...

  • Tunisia: Arab financial organisations meet in Tunisia
    08 april 2014 21:16:15
    Tunis, Tunisia (PANA) – The Tunisian Prime minister, Mehdi Jomâa, on Tuesday opened the annual meetings for Arab financial organizations in Tunisia with a call for implementation of measures to ensure economic development for Arab countries. Full text...

  • Tunisia: Tunisia's trade deficit 'very serious' - Governor
    08 april 2014 20:58:39
    Tunis, Tunisia (PANA) – The governor of the central bank of Tunisia, Chedly Ayari, on Tuesday admitted that the country's trade deficit in the first quarter of the year is "very serious". Full text...

  • Nigeria: Tuesday's foreign exchange rates in Nigeria
    08 april 2014 20:10:16
    Lagos, Nigeria (PANA) - The following are Tuesday's exchange rates for the Nigerian currency, the Naira, against other currencies as released by the Central Bank of Nigeria (CBN). Full text...

  • Cote d'Ivoire: Trading at the West African Bourse declines
    08 april 2014 15:42:29
    Abidjan, Côte d’Ivoire (PANA) - Trading at the West African regional stock exchange (BRVM) ended Monday on the decline, with the BRVM index 10 falling from 256.66 to 256.09 points, representing a decrease of 0.22%. Full text...

  • Mauritania: Tuesday's forex rates for Ouguiya
    08 april 2014 15:39:21
    Nouakchott, Mauritania (PANA) - Following are Tuesday's foreign exchange rates for the Mauritanian Ouguiya: Full text...

  • Zambia: Govt. successfully issues US$1b bond in int'l capital market
    08 april 2014 14:02:56
    Lusaka, Zambia (PANA) - Zambia has successfully issued a second sovereign bond in the international capital market, amounting to US$ 1 billion, the Ministry of Finance announced here Tuesday. Full text...

  • Libya:Lufthansa, Austrian Airlines suspend flights to Libya
    08 april 2014 13:54:04
    Tripoli, Libya (PANA) - German Airline Lufthansa and the Austrian Airlines have suspended flights to Libya indefinitely, after a security incident at the Tripoli airport two weeks ago. Full text...

  • Nigeria: Group warns on rebasing of GDP
    08 april 2014 13:20:11
    Lagos, Nigeria (PANA) - Nigeria’s foremost business group has said the country's rebasing of the country’s Gross Domestic Product (GDP), which now places it as the largest economy in Africa, does not yet call for celebration, as more work still needs to be done to positively impact on the ordinary citizens. Full text...

  • Gabon: Tuesday's exchange rates in Central Africa
    08 april 2014 11:49:55
    Libreville, Gabon (PANA) - Following are Tuesday's exchange rates in the Central African States: Full text...

  • Rwanda: Tuesday's exchange rates for Rwandan Franc
    08 april 2014 11:40:14
    Kigali, Rwanda (PANA) - Following are Tuesday's exchange rates for the Rwandan Franc: Full text...

  • Ghana: Exchange rates for Ghana cedi
    08 april 2014 11:38:32
    Accra, Ghana (PANA) - The following are Tuesday’s inter-bank exchange rates for the Ghana Cedi, as announced by the Ghana Association of Bankers. Full text...

  • Libya: Tuesday's forex rates for Dinar
    08 april 2014 11:33:37
    Tripoli, Libya (PANA) - Following are Tuesday's exchange rates for the Libyan Dinar: Full text...

  • Zambia: Tuesday’s exchange rates for Kwacha
    08 april 2014 09:03:40
    Lusaka, Zambia (PANA) - Following are the latest exchange rates for the Zambian kwacha, as released by the Bank of Zambia Tuesday. Full text...

  • Equatorial Guinea: AU Transport Ministers to meet
    08 april 2014 09:00:31
    Malabo, Equatorial Guinea (PANA) - Senior officials and experts from ministries and agencies responsible for transportation from African Union (AU) member states are meeting in Malabo, Equatorial Guinea, in preparation for the Third Session of the African Union Conference of African Ministers of Transport (CAMT), scheduled for 10-11 April. Full text...

  • Mauritius: Tuesday's forex rates for Rupee
    08 april 2014 08:49:04
    Port-Louis, Mauritius (PANA) - Following are Tuesday's exchange rates for the Mauritian Rupee: Full text...

  • Tunisia: Tunisian Bank, African Islamic banks sign pact
    08 april 2014 00:03:00
    Tunis, Tunisia (PANA) - Tunisia’s Zitouna Bank has signed an agreement on the exchange of experts and capacity building in microfinance with Islamic banks in Senegal, Niger, Guinea, Mauritania and Sudan. Full text...

  • Nigeria: Aviation parastatals to be merged
    07 april 2014 19:48:40
    Abuja, Nigeria (PANA) - Nigeria is to merge the nation's three aviation parastatals into one agency, as recommended by a presidential panel set up to restructure and rationalise government parastatals, commissions and agencies. Full text...

  • Nigeria: Monday's forex rates for Naira
    07 april 2014 19:12:42
    Lagos, Nigeria (PANA) - Here are the latest foreign exchange rates for the Nigerian currency, the Naira: Full text...

  • Ethiopia: World Bank says high wage bill, inflation dim economic outlook in Ghana
    07 april 2014 18:27:23
    Addis Ababa, Ethiopia (PANA) - The World Bank is willing to assist Ghana to cope with a new economic situation which has eroded the foreign currency reserves and sent inflation up against a downward inflationary trend recorded in most African countries, the bank's Chief Economist for Africa, Francisco Ferreira, said Monday. Full text...

  • Ethiopia: Nigeria’s emergence as Africa's largest economy good news for Africa, but.... - WB
    07 april 2014 17:25:04
    Addis Ababa, Ethiopia (PANA) - The World Bank Monday described Nigeria's emergence as Africa's biggest economy as good news for the continent, since it indicates that Africa may not be as poor as originally thought. Full text...

  • Congo: Green Business International Forum to be held next May in Congo
    07 april 2014 16:28:00
    Brazzaville, Congo (PANA) – The fifth edition of the Green Business International Forum will be held on 20-22 May in Pointe-Noire, Southern Congo, the local media indicated here Monday. Full text...

  • Niger: Govt. surpasses revenue-generation forecast
    07 april 2014 16:19:34
    Niamey, Niger (PANA) - President Mahamadou Issoufou of Niger on Monday said his government had mobilized, in just three years, over 2,190 billion CFA francs against forecasts of 1872 billion CFA francs, representing a completion rate of 117%. Full text...

  • Ghana: Monday's exchange rates for Ghana cedi
    07 april 2014 13:41:40
    Accra, Ghana (PANA) - The following are Monday’s average inter-bank exchange rates for the Ghana cedi, as announced by the Ghana Association of Bankers. Full text...

  • Mauritania: Monday's forex rates for Ouguiya
    07 april 2014 13:37:15
    Nouakchott, Mauritania (PANA) - Following are Monday's exchange rates for the Mauritanian Ouguiya: Full text...

  • Mauritius: Monday's forex rates for Rupee
    07 april 2014 12:41:09
    Port-Louis, Mauritius (PANA) - Following are Monday's foreign exchange rates for the Mauritian Rupee: Full text...

  • Libya: Monday's forex rates for Dinar
    07 april 2014 11:13:15
    Tripoli, Libya (PANA) - Following are Monday's foreign exchange rates for the Libyan Dinar: Full text...

  • Nigeria: Nigeria overtakes South Africa as biggest economy in Africa
    07 april 2014 09:32:16
    Lagos, Nigeria (PANA) - Nigeria has overtaken South Africa as the biggest economy in Africa, the local media reported Monday, quoting the head of the National Bureau of Statistics (NBS), Dr. Yemi Kale. Full text...

  • Zambia: Monday’s exchange rates in Zambia
    07 april 2014 09:23:44
    Lusaka, Zambia (PANA) - Following are Monday's exchange rates for the Zambian kwacha, as released by the Bank of Zambia: Full text...

  • Cote d'Ivoire: Trading at West African Bourse ends week on strong note
    07 april 2014 00:02:00
    Abidjan, Côte d’Ivoire (PANA) - Trading at the West African regional stock exchange (BRVM) ended the past week on a rising note, with the BRVM index 10 inching up from 252.96 to 256.96 points, representing a rise of 1.46%. Full text...

  • Libya: Civil society activists close Benghazi airport
    06 april 2014 17:41:43
    Benghazi, Libya (PANA) – A group of civil society protesters on Sunday closed the Benghazi airport, in protest against insecurity in the country. Full text...

  • Libya: Oil tanker returns "stolen" cargo to Libya
    06 april 2014 16:58:22
    Zaouia, Libya (PANA) – The oil tanker, "Morning Glory", carrying an illegally-loaded oil from Libya has started unloading its loot at the oil refinery in Zaouia (Western Libya), local sources said. Full text...

  • Zambia: 'Landlocked countries need urgent acceleration of economic growth'
    06 april 2014 16:21:03
    Lusaka, Zambia (PANA) - Zambia says Landlocked Developing Countries (LLDCs) have an urgent task of shifting their social economic scales to accelerate development through overcoming the physical and geographical barriers of inherent disadvantage. Full text...

  • Cote d'Ivoire: Private-sector operators validate ECOWAS investment code, policy
    06 april 2014 10:34:09
    Abidjan, Cote d'Ivoire (PANA) - Representatives of regional organized private sector and other stakeholders rose from their three-day meeting in Abidjan, Cote d'Ivoire, on Saturday, validating the draft ECOWAS Investment Code and Policy, with minor amendments. Full text...

  • Nigeria: UBA posts healthy performance in 2013
    04 april 2014 20:21:49
    Lagos, Nigeria (PANA) – One of Nigeria’s leading financial institutions, United Bank for Africa (UBA), posted a healthy performance in 2013, with profit rising by 7.8% to 56.06 billion naira from 52.01 billion naira recorded in the previous year. Full text...

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