Economy -
  • Tuesday’s forex rates for the Gambian Dalasi
    04 december 2018 08:24:45
    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...

  • Tuesday's forex rates for the Mauritian Rupee
    04 december 2018 08:05:51
    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...

  • Government warns of poisonous fish in Cape Verde waters
    03 december 2018 19:49:54
    Praia, Cape Verde (PANA) – The Cape Verde government warned at weekend about the presence in the archipelago of fish banks of the kind of Lagocephalus, known as the "peixe sapo" (frog fish), a poisonous marine species that can cause death if consumed. Full text...

  • EU and ACP parliamentarians meet in Cotonou
    03 december 2018 18:35:23
    Cotonou, Benin (PANA) - The 36th Joint Parliamentary Assembly of the African, Caribbean and Pacific Group (ACP) and the European Union (EU) Group of countries started on Monday in Cotonou, Benin, to discuss the post-Cotonou Agreement, the fight against cybercrime and terrorism in the Sahel and climate change. Full text...

  • AfDB says freedom of movement vital for global market in Africa
    03 december 2018 16:38:27
    Kigali, Rwanda (PANA) – Freedom of movement is inextricably tied to the African Development Bank’s vision to create the global market in Africa, the Bank said Monday as the African Economic Conference opened in the Rwandan capital Kigali. Full text...

  • Protesting civil aviation agents paralyze flights in Tripoli
    03 december 2018 15:55:27
    Tripoli, Libya (PANA) - Flight operations at the Maitigua airport, eastern Tripoli, the Libyan capital, have been paralyzed following a protest by agents of the Libyan civil aviation, including air traffic controllers, who are requesting the regularisation of their appointments. Full text...

  • Monday's forex rates for the CFA Franc in Central Africa
    03 december 2018 09:22:44
    Libreville, Gabon (PANA) – Following are Monday’s foreign exchange rates for the CFA Franc, as issued by the Bank of the Central African States. Full text...

  • Monday's forex rates for the Mauritian Rupee
    03 december 2018 09:20:29
    Port-Louis, Mauritius (PANA) - Following are Monday's foreign exchange rates for the Mauritian Rupee as issued by the Mauritian Commercial Bank: Full text...

  • Kenya, Tanzania launch single border stop post
    01 december 2018 20:07:05
    Namanga, Kenya (PANA) – Kenyan President Uhuru Kenyatta and his Tanzanian counterpart John Pombe Magufuli pitched for small traders facilitation on Saturday during the launch of the Namanga One-Stop-Border Post. Full text...

  • AfDB releases US$28 million to support economic reforms in Niger
    01 december 2018 14:24:56
    Niamey, Niger (PANA) – Satisfied with results of the implementation of the first phase of the support programme for reform and economic resilience (PARRE) in Niger, the Board of Directors of the African Development Bank (AfDB) has granted a new financial aid of US$28 million to the country, a government statement said on Saturday. Full text...

  • Saturday's exchange rates for Mauritanian Ouguiya
    01 december 2018 11:37:50
    Nouakchott, Mauritania (PANA) – Following are Saturday’s exchange rates for the Ouguiya as issued by the Central Bank of Mauritania. Full text...

  • Saturday’s forex rates for Gambian Dalasi
    01 december 2018 09:32:18
    Banjul, Gambia (PANA) – The following are Saturday’s foreign exchange rates for the Gambian Dalasi as published by Trust Bank Gambia Ltd: Full text...

  • IMF approves US$172.1 million credit for Sierra Leone
    01 december 2018 09:20:26
    Freetown, Sierra Leone (PANA) – The Executive Board of the International Monetary Fund (IMF) on Friday approved a new 43 months arrangement for Sierra Leone under the Extended Credit Facility (ECF) for US$172.1 million to support the country’s economic and financial reforms. Full text...

  • IMF finds Rwanda’s economic activity gaining momentum
    01 december 2018 05:27:32
    Kigali, Rwanda (PANA) – Rwanda’s macroeconomic conditions have continued to improve owing to the strong implementation of reforms underlying the government’s economic programme, according to Mr. Tao Zhang, Deputy Managing Director of the International Monetary Fund (IMF). Full text...

  • Congo's economy to grow by 2.4 pc at the end of 2018
    30 november 2018 17:13:34
    Brazzaville, Congo (PANA) - Michel Dzombala, National Director of the Bank of Central African States (BCAS), on Thursday in Brazzaville indicated that the Congolese economy will grow by 2.4 percent at the end of this year, compared to 2017 which was marked by an estimated regression of 2%. Full text...

  • Mauritius moves to accelerate development
    30 november 2018 13:59:09
    Balaclava, Mauritius (PANA) – The Mauritian Technology, Communication and Innovation Minister, Yogida Sawmynaden, on Friday said that the age of "Blockchain" has dawned on the people and the technology is painting a new vista of advanced solutions for businesses, individuals and governments. Full text...

  • Reduce non-tariff barriers to boost intra-African trade - AfDB
    30 november 2018 13:27:21
    Abidjan, Cote d'Ivoire (PANA) - Estimates by the Economic Commission for Africa (ECA) indicate that the African Continental Free Trade Area (AfCFTA) has the potential to boost intra-African trade by eliminating import duties, and double trade- if non-tariff barriers are also reduced, the African Development Bank (AfDB) said on Friday. Full text...

  • Mauritius Africa FinTech Hub due to launch on 5 Dec
    30 november 2018 13:04:04
    Port Louis, Mauritius (PANA) - The Mauritius Africa FinTech Hub (MAFH), a not-for-profit organisation meant to propel Mauritius into becoming one of the world’s next big FinTech hubs, focussed on Africa, will be launched on 5 December, 2018. Full text...

  • Friday's forex rates for the CFA Franc in Central Africa
    30 november 2018 10:34:48
    Libreville, Gabon (PANA) - Following are Friday's foreign exchange rates for the CFA Franc in Central Africa, as issued by the Central African States Bank. Full text...

  • Friday's forex rates for the Mauritanian Ouguiya
    30 november 2018 10:29:18
    Nouakchott, Mauritania (PANA) - Following are Friday's foreign exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Friday's exchange rates for the Mauritian Rupee
    30 november 2018 10:27:55
    Port-Louis, Mauritius (PANA) – Following are Friday’s exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Libya doubles volume of oil exports to China
    30 november 2018 10:08:03
    Tripoli, Libya (PANA) – The value of Libya's crude oil exports to China this year has doubled to US$3.5 billion, up from US$1.7 billion last year, according to the Libyan National Oil Company (NOC), which says it is a sign that bilateral cooperation between Tripoli and Beijing is growing. Full text...

  • Friday’s forex rates for the Gambian Dalasi
    30 november 2018 07:47:16
    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...

  • Saudi Arabia extends US$ 500m loan to Tunisia
    29 november 2018 20:02:46
    Tunis, Tunisia (PANA) – Tunisian president's political advisor, Noureddine Ben Ticha, on Thursday said that Saudi Arabia has lent Tunisia a US$500 million at a preferential rate. Full text...

  • Belgium, Benin sign cooperation deal
    29 november 2018 19:32:17
    Brussels, Belgium (PANA) – Belgian Minister of Cooperation Alexander De Croo on Thursday signed with Beninese Minister of Higher Education, Marie Odile Attanaso, a cooperation programme for five years, starting in 2019. Full text...

  • African Airlines Association rates Ethiopian best African airline
    29 november 2018 18:21:50
    Addis Ababa, Ethiopia (PANA) - Ethiopian Airlines has emerged Africa’s Best Airline in 2018, making it the 7th for the airline in a row, according to a statement issued by the airline’s Group Chief Executive Officer, Tewolde GebreMariam. Full text...

  • Senegal authorizes ratification of treaty on CFTA
    29 november 2018 17:28:57
    Dakar, Senegal (PANA) - Senegal on Thursday adopted a bill authorising its president to ratify the Treaty Establishing the Continental Free Trade Area (CFTA) brokered by the African Union (AU) and initially signed by 44 of its member states in Kigali, Rwanda on 21 March 2018. The measure followed a decision by the Council of Ministers. Full text...

  • Thursday's forex rates for Rwandan Franc
    29 november 2018 13:57:20
    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...

  • Three fairs open in Tripoli
    29 november 2018 11:49:32
    Tripoli, Libya (PANA) - Three fairs opened in Tripoli on Wednesday to promote the importance of the products locally and to outside world. Full text...

  • Côte d'Ivoire to launch national assessment on money laundering risks
    29 november 2018 10:18:15
    Abidjan, Côte d 'Ivoire (PANA) - Côte d' Ivoire will on 12 December launch a national assessment of the risks in the Fight against Money Laundering and Financing of Terrorism (FML/FT). Full text...

  • AfDB gives Gabon 65.5 billion CFAF loan
    29 november 2018 10:03:42
    Libreville, Gabon (PANA) - In the context of fiscal consolidation and support for economic diversification, the African Development Bank (AfDB) has given Gabon a loan of 65.5 billion CFA franc to finance the third phase of a support programme for economic and financial reforms called PAREF-III. (US$1=CFAF 582.2) Full text...

  • Thursday's forex rates for the Mauritanian Ouguiya
    29 november 2018 09:33:56
    Nouakchott, Mauritania (PANA) - Following are Thursday's foreign exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Thursday's forex rates for the CFA Franc in Central Africa
    29 november 2018 09:32:22
    Libreville, Gabon (PANA) - Following are Thursday's foreign exchange rates for the CFA Franc in Central Africa, as issued by the Bank of Central African States. Full text...

  • Thursday's forex rates for the Mauritian Rupee
    29 november 2018 09:30:15
    Port-Louis, Maurice (PANA) - Following are Thursday's foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Mauritius tourist arrivals forecast to grow by 4% in 2018
    29 november 2018 07:15:16
    Port-Louis, Mauritius (PANA) - Based on latest available data on tourist arrivals and information gathered from stakeholders, the forecast of tourist arrivals in Mauritius for 2018 is expected to be 1.395 million, representing an increase of 4% over the figure of about 1.341 million in 2017. Full text...

  • World cannot be transformed without ‘ingenuity of the countries of the South’: Guterres
    28 november 2018 22:39:13
    New York, US (PANA) - The 2030 Agenda for Sustainable Development, the plan to transform the world agreed at the UN by 193 countries, cannot happen without “the ideas, energy, and tremendous ingenuity of the countries of the South,” said UN chief António Guterres on Wednesday. Full text...

  • Africa Forum aims to boost business, reduce costs, help countries trade out of poverty
    28 november 2018 22:27:07
    Addis Ababa, Ethiopia (PANA) - Better transport, logistics and foreign investment are essential to smooth the way for the African continent to reduce trade hurdles, according to the United Nations Conference on Trade and Development (UNCTAD). Full text...

  • African leaders take front row in seeking blue economy dividends
    28 november 2018 18:02:51
    Nairobi, Kenya (PANA) – African leaders took the front-line position to urge the world to take serious steps to conserve oceans, marine ecosystems and internal rivers while also putting them to effective economic use in order to feed the worldwide population of some 7.6 billion people. Full text...

  • AfDB supports entrepreneurship in transition states through equity investment
    28 november 2018 15:49:07
    Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development (AfDB) Bank has approved an additional equity investment of US$ 25 million in Trade and Development Bank (TDB), to enhance the latter’s trade, finance and infrastructure investment operations. Full text...

  • New oil well starts production in Eastern Libya
    28 november 2018 11:33:59
    Tripoli, Libya (PANA) - The Arabian Gulf Oil Company (AGOCO), based in Benghazi, eastern Libya, has announced the start of production of an oil well in the Nafoura oilfield, according to a statement issued on Wednesday by the National Oil Company (NOC), illustrating the resumption of oil production in the country in recent months. Full text...

  • Wednesday's forex rates for Rwandan Franc
    28 november 2018 11:23:14
    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...

  • AfDB, enterprise body partner to train African businesswomen
    28 november 2018 09:11:56
    Nairobi, Kenya (PANA) - As part of its Affirmative Finance Action for Women in Africa (AFAWA) programme, the African Development Bank (AfDB) is partnering with Entreprenarium Foundation to train 1,000 women entrepreneurs in Africa. Full text...

  • AU tightens sanctions regime to enforce timely payment of membership financial contributions
    28 november 2018 07:40:21
    Addis Ababa, Ethiopia (PANA) - The African Union has strengthened its sanctions regime to ensure its 55 member states meet their financial obligations to the Union in time, Deputy Commission Chairperson Kwesi Quartey has said. Full text...

  • Wednesday’s forex rates for the Gambian Dalasi
    28 november 2018 07:27:51
    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...

  • Senegal readies opening of 27th edition of Dakar International Fair
    27 november 2018 19:59:22
    Dakar, Senegal (PANA) – The 27th edition of the Dakar International Fair (FIDAK) opens on Thursday at the Senegalese International Foreign Trade Centre (CICES), and will end on 16 December. Full text...

  • Kenyan Central Bank keeps lending rate unchanged at 9%
    27 november 2018 18:23:09
    Nairobi, Kenya (PANA) – Central Bank of Kenya (CBK) said on Tuesday it has maintained the benchmark lending rate at 9.0% based on increased optimism over the economic growth prospects and heightened uncertainty in the global financial markets. Full text...

  • Burkina Faso wants to make farming sector more competitive
    27 november 2018 16:45:33
    Ouagadougou, Burkina Faso (PANA) - The government of Burkina Faso is committed to making the farming sector "more competitive and more professional," Animal Resources minister Sommanogo Koutou said on Tuesday at the opening of the first Agricultural Fair in the country. Full text...

  • Tuesday's forex rates for CFA Franc in Central Africa
    27 november 2018 14:16:40
    Libreville, Gabon (PANA) – Following are Tuesday’s foreign exchange rates for the CFA Franc, as issued by the Bank of the Central African States. Full text...

  • US grants US$350 million to Tunisia
    27 november 2018 12:08:23
    Tunis, Tunisia (PANA) - The US government has granted US$350 million to Tunisia for the implementation of a series of development projects, an official statement received by PANA said on Tuesday. Full text...

  • Tuesday's forex rates for the Mauritanian Ouguiya
    27 november 2018 10:40:24
    Nouakchott, Mauritania (PANA) - Following are Tuesday's foreign exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

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