Economy -
  • Tanzania: G24 on International Monetary Affairs warns of downside risks on developing countries
    10 october 2014 10:55:40
    Dar es Salaam, Tanzania (PANA) - After global growth forecasts were revised downward for the remainder of 2014 and for 2015, the Intergovernmental Group of 24 on International Monetary Affairs and Development has warned that important downside risks have risen with potentially large spillovers on emerging market and developing countries (EMDCs). Full text...

  • Mauritius: Friday's forex rates for Rupee
    10 october 2014 10:35:14
    Port-Louis, Mauritius (PANA) - The following are Friday's exchange rates for the Mauritian Rupee: Full text...

  • Zambia: Friday’s exchange rates for Kwacha
    10 october 2014 08:56:13
    Lusaka, Zambia (PANA) - Following are Friday's exchange rates for the Zambian kwacha, as released by the Bank of Zambia: Full text...

  • Tanzania: Friday's forex rates for Shilling
    10 october 2014 07:52:31
    Dar es Salaam, Tanzania (PANA) - The following are Friday's foreign exchange rates for the Tanzania Shilling, as issued by the Bank of Tanzania: Full text...

  • Ghana: Friday's exchange rates for Ghana cedi
    10 october 2014 07:50:37
    Accra, Ghana (PANA) - The following are Friday's average inter-bank exchange rates for the Ghana cedi, as announced by the Ghana Association of Bankers: Full text...

  • Gambia: Friday’s forex rates for Gambian Dalasis
    10 october 2014 07:48:11
    Banjul, Gambia (PANA) - The following are Friday’s exchange rates for the Gambian Dalasis: Full text...

  • UN: 'UN’s fiscal health depends on member states meeting obligations'
    09 october 2014 22:33:20
    New York, US (PANA) - UN Under Secretary-General for Management, Mr. Yukio Takasu, says with its limited cash reserves, the financial health of the UN is totally dependent on how quickly and how much member states pay towards the organization’s operations. Full text...

  • Nigeria: Thursday's foreign exchange rates in Nigeria
    09 october 2014 21:16:28
    Lagos, Nigeria (PANA) - Following are Thursday's exchange rates for the Nigerian currency, the Naira, against other currencies, as released by the Central Bank of Nigeria (CBN). Full text...

  • Ethiopia: Govt plans to make mining sector Ethiopia's economic growth engine
    09 october 2014 18:01:58
    Addis Ababa, Ethiopia (PANA) - Ethiopia has embarked on an aggressive campaign to make the mining sector a key part of the new pillar of its economic growth engine, PANA reported Thursday. Full text...

  • Rwanda: Thursday's forex rates for Rwandan Franc
    09 october 2014 17:02:10
    Kigali, Rwanda (PANA) – Following are Thursday’s exchange rates for the Rwandan franc as issued by the National Bank of Rwanda: Full text...

  • Cote d'Ivoire: Trading continues declining at West African Bourse
    09 october 2014 15:41:59
    Abidjan, Cote d’Ivoire (PANA) - Trading at the West African regional stock exchange, BRVM, ended Wednesday on the decline, with the BRVM Index 10 falling from 273.10 points to 270.98 points, representing a decrease of 0.78%. Full text...

  • Mauritius: Thursday's forex rates for Rupee
    09 october 2014 11:30:11
    Port-Louis, Mauritius (PANA) - Following are Thursday's exchange rates for the Mauritian Rupee: Full text...

  • Nigeria: Rating firm predicts drop in Nigerian Banks’ profits
    09 october 2014 11:03:38
    Lagos, Nigeria (PANA) - Nigerian Banks’ asset growth and earnings will fall in the next 18 months due to the moves by the apex Central Bank of Nigeria (CBN) to protect the economy and banking customers, according to the latest report from the international rating agency Fitch Ratings Ltd. Full text...

  • Tanzania: Kenya's Equity Bank to launch new mobile money SIM
    09 october 2014 09:28:49
    Dar es Salaam, Tanzania (PANA) - Taisys Technologies Limited, a world leading mobile inter-connectivity company, has announced that Kenya’s Equity Bank will be issuing an ultra-thin mobile banking smart SIM with patented technology from Taisys, according to global telecommunications industry monitor Pyramid Research (PR). Full text...

  • Zambia: Kwacha edges slightly lower against US dollar
    09 october 2014 09:14:30
    Lusaka, Zambia (PANA) - Despite the market being fairly quiet in terms of market activity from corporate buyers, the Zambian currency, Kwacha, Wednesday edged slightly lower owing to increased US dollar demand on inter-bank transactions. Full text...

  • Ghana: Thursday's exchange rates for Ghana cedi
    09 october 2014 08:34:44
    Accra, Ghana (PANA) - The following are Thursday's average inter-bank exchange rates for the Ghana cedi, as announced by the Ghana Association of Bankers: Full text...

  • Gambia: Thursday’s forex rates for Gambian Dalasis
    09 october 2014 07:10:47
    Banjul, Gambia (PANA) - The following are Thursday’s exchange rates for the Gambian Dalasis: Full text...

  • Tanzania: Thursday's forex rates for Shilling
    09 october 2014 06:54:26
    Dar es Salaam, Tanzania (PANA) - Following are Thursday's exchange rates for the Tanzania Shilling, as issued by the Bank of Tanzania: Full text...

  • Nigeria: Wednesday's foreign exchange rates in Nigeria
    08 october 2014 22:06:30
    Lagos, Nigeria (PANA) - Here are Wednesday's exchange rates for the Nigerian currency, the Naira, against other currencies as released by the Central Bank of Nigeria (CBN). Full text...

  • Rwanda: Wednesday's forex rates in Rwanda
    08 october 2014 20:08:38
    Kigali, Rwanda (PANA) – The following are Wednesday’s exchange rates for the Rwandan franc as issued by the central bank of Rwanda. Full text...

  • Rwanda: Wednesday's exchange rates for Rwandan Franc
    08 october 2014 17:02:52
    Kigali, Rwanda (PANA) - Following are Wednesday's exchange rates for the Rwandan Franc: Full text...

  • Cote d'ivoire: Trading declines at West African Bourse
    08 october 2014 15:06:20
    Abidjan, Cote d’Ivoire (PANA) - Trading at the West African regional stock exchange, BRVM, ended Tuesday on the decline, with the BRVM Index 10 falling from 273.98 points to 273.10 points, representing a decrease of 0.32%. Full text...

  • Tanzania: WB-IMF report assesses progress on development goals
    08 october 2014 14:16:02
    Dar es Salaam, Tanzania (PANA) - Much more work needs to be done to end poverty and close the gap in living standards between those in the bottom 40 percent and the top 60 percent of the population around the world, according to the Global Monitoring Report (GMR 2014/2015), released Wednesday by the World Bank (WB) and the International Monetary Fund (IMF). Full text...

  • Nigeria: Work resumes after Muslim festival
    08 october 2014 13:04:57
    Lagos, Nigeria (PANA) - Workers across Nigeria returned to their offices and students in public schools in 11 states resumed for the new academic year Wednesday, after the long holiday weekend to mark the Muslim festival of Eid Eil Kabir. Full text...

  • Cote d'Ivoire: AfDB to finance biomedical science centres in East Africa with US$98m
    08 october 2014 12:39:27
    Abidjan, Cote d'Ivoire (PANA) - The board of directors of the African Development Bank (AfDB) has approved loans totaling US$ 98.22 million with which to build the first phase of centres of excellence in biomedical sciences in four East African countries, according to a statement from the financial institution, received here by PANA. Full text...

  • Tanzania: IMF urges CEMAC to foster innovative finance, step financial inclusion
    08 october 2014 11:50:19
    Dar es Salaam, Tanzania (PANA) - Regulations put in place by the Central African Economic and Monetary Community (CEMAC) should foster innovative finance such as mobile banking, as they lower transaction costs and would allow offering financial services at lower costs, thereby widening their usage, the International Monetary Fund (IMF) has recommended in a new report. Full text...

  • Senegal: Wednesday’s forex rates for Gambian Dalasis
    08 october 2014 10:07:22
    Dakar, Senegal (PANA) - The following are Wednesday’s exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Ghana: Wednesday's exchange rates for Ghana cedi
    08 october 2014 10:03:42
    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...

  • Mauritius: Wednesday's forex rates for Rupee
    08 october 2014 10:01:32
    Port-Louis, Mauritius (PANA) - Following are Wednesday's exchange rates for the Mauritian Rupee: Full text...

  • Tanzania: Wednesday's forex rates for Shilling
    08 october 2014 07:10:30
    Dar es Salaam, Tanzania (PANA) - The following are Wednesday's exchange rates for the Tanzania Shilling, as issued by the Bank of Tanzania: Full text...

  • US: IMF says Rwanda's economic performance favourable
    07 october 2014 19:33:06
    New York, US (PANA) - The International Monetary Fund (IMF) on Tuesday said Rwanda's economic performance is favourable and the growth in various sectors of the economy is also satisfactory. Full text...

  • Malawi: First 'cashgate' convict gets 3-year jail term
    07 october 2014 15:44:02
    Blantyre, Malawi (PANA) - The High Court in the Malawi capital, Lilongwe, Tuesday sentenced former Tourism Principal Secretary Treza Senzani, the first Malawian top official to be sentenced for systematic theft of government money, to three years imprisonment with hard labour. Full text...

  • Senegal: Tuesday’s forex rates for Gambian Dalasis
    07 october 2014 13:11:11
    Dakar, Senegal (PANA) - The following are Tuesday’s exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Chad: Serious fuel shortage reported in Chadian capital
    07 october 2014 11:26:03
    N’Djamena, Chad (PANA) - N'Djamena, the Chadian capital, has been hit by a serious fuel shortage that has caused long vehicular queues at filling stations for several days, PANA reported Tuesday. Full text...

  • Nigeria: Govt wants EU to invest in Dev Bank
    07 october 2014 10:00:46
    Lagos, Nigeria (PANA) - The Nigerian government has called on the European Union (EU) to invest in the proposed Wholesale Development Bank in Nigeria through its development financing outfit, the European Development Bank (EIB), according to local media reports. Full text...

  • Zambia: Tuesday’s exchange rates for Kwacha
    07 october 2014 08:56:28
    Lusaka, Zambia (PANA) - The following are Tuesday's exchange rates for the Zambian kwacha, as released by the Bank of Zambia: Full text...

  • Mauritius: Tuesday's forex rates for Rupee
    07 october 2014 08:45:25
    Port-Louis, Mauritius (PANA) - The following are Tuesday's exchange rates for the Mauritian Rupee: Full text...

  • Ghana: Tuesday's exchange rates for Ghana cedi
    07 october 2014 08:03:57
    Accra, Ghana (PANA) - The following are Tuesday's average inter-bank exchange rates for the Ghana cedi, as announced by the Ghana Association of Bankers: Full text...

  • Tanzania: Tuesday's forex rates for Shilling
    07 october 2014 08:02:26
    Dar es Salaam, Tanzania (PANA) - Following are Tuesday's exchange rates for the Tanzania Shilling, as issued by the Bank of Tanzania: Full text...

  • Mauritius: 'High level of financial inclusion in Mauritius'
    06 october 2014 14:49:03
    Port-Louis, Mauritius (PANA) - Revealing that the level of financial inclusion is high in Mauritius, a survey by the FinScope Consumer Mauritius 2014 has shown that about 90% of adults, aged 18 years and above, have access to financial services with only 10% not using any formal or informal financial product or service to manage their finances. Full text...

  • Zambia: Kwacha expected to remain stable
    06 october 2014 14:32:30
    Lusaka, Zambia (PANA) – The Zambian Kwacha is expected in the interim to remain stable, with minimal resistance to the current levels, Cavmont Bank stated Monday. Full text...

  • Mauritius: Monday's forex rates for Rupee
    06 october 2014 10:31:24
    Port-Louis, Mauritius (PANA) - Following are Monday's exchange rates for the Mauritian Rupee: Full text...

  • Tanzania: Monday's forex rates for Shilling
    06 october 2014 08:27:03
    Dar es Salaam, Tanzania (PANA) - Following are Monday's exchange rates for the Tanzania Shilling, as issued by the Bank of Tanzania: Full text...

  • Cote d’Ivoire: AfDB approves 100-million-euro loan for Morocco
    05 october 2014 08:11:23
    Abidjan, Cote d'Ivoire (PANA) – The African Development Bank (AfDB) has approved a loan of 100 million euros for Morocco to support the African country’s financial sector, PANA reported from here, quoting a communique issued this weekend. Full text...

  • Kenya: Business confidence rises strongly on economic re-basing 
    04 october 2014 15:54:34
    Nairobi, Kenya (PANA) - Kenya's business sentiment rose strongly in September to 63.3 from 56.0 in August, despite the slowdown in the tourism sector due to a series of terrorist attacks. Full text...

  • Zambia: Zambian currency, Kwacha, trades on Johannesburg Stock Exchange
    04 october 2014 15:30:26
    Lusaka, Zambia (PANA) - The Zambian Kwacha has broken new grounds after it was listed on the Johannesburg Stock Exchange (JSE) on Friday as one of the three African currencies through which investors, as well as importers and exporters, will now be able to protect themselves against currency fluctuations in the three countries. Full text...

  • Tanzania: IMF tips Ethiopia on export competitiveness
    04 october 2014 10:32:54
    Dar es Salaam, Tanzania (PANA) - Ethiopia could improve its export competitiveness by reducing overvaluation of the real effective exchange rate through enhanced exchange rate flexibility, the Executive Board of the International Monetary Fund (IMF) has suggested. Full text...

  • Tanzania: IMF helps member countries move from stabilisation to sustainable growth
    04 october 2014 10:19:19
    Dar es Salaam, Tanzania (PANA) - Seven years after the onset of the global financial crisis, the world is yet to secure a sustainable recovery marked by strong growth that supports rapid job creation and benefits all, according to International Monetary Fund (IMF) Managing Director Christine Lagarde. Full text...

  • Nigeria: Friday's foreign exchange rates in Nigeria
    03 october 2014 22:36:25
    Lagos, Nigeria (PANA) - Following are Friday's exchange rates for the Nigerian currency, the Naira, against other currencies, as released by the Central Bank of Nigeria (CBN). Full text...

  • Ghana: Independent power producer secures US$900m to build 350MW plant in Ghana
    03 october 2014 20:37:41
    Accra, Ghana (PANA) - An Independent Power Producer (IPP) announced on Friday that it has secured US$900 million required to finance a 350MW project in Ghana. Full text...

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