Economy -
  • Tanzania's forex rates Friday
    10 may 2013 09:11:08
    Dar es Salaam, Tanzania (PANA) - Following are Friday's exchange rates for the Tanzanian shilling: Full text...

  • 'How to translate Africa's economic growth to sustainable development'
    10 may 2013 09:10:19
    Addis Ababa, Ethiopia (PANA) - Involving low-income communities in markets and businesses across Africa is essential for economic growth to translate into sustainable development, according to a UNDP report released Friday. Full text...

  • Nigerian Air Force chopper makes emergency landing
    09 may 2013 15:06:59
    Lagos, Nigeria (PANA) - A Nigerian Air Force (NAF) helicopter was forced to make an emergency landing at a military facility in the country's oil city of Port Harcout on Thursday, but there were no casualty, the NAF spokesman, Group Capt. Dele Alonge said. Full text...

  • Nigeria planning measures to encourage investors
    09 may 2013 13:53:24
    Lagos, Nigeria (PANA) - Nigeria's federal government has announced it is working on a national industrial revolution plan to further encourage investors and local production. Full text...

  • Thursday's exchange rates in Zambia
    09 may 2013 11:15:45
    Lusaka, Zambia (PANA) - Following are Thursday's exchange rates for the Zambian kwacha: Full text...

  • Africa's portrayal as 'risky continent' retards growth - ECA boss
    09 may 2013 11:10:33
    Addis Ababa, Ethiopia (PANA) - Africa's negative portrayal as “a risky continent in which to do business” must be tackled, Carlos Lopes, Executive Secretary of the UN Economic Commission for Africa (ECA), told a high-level roundtable on ‘Building Private Equity and Private Capital Markets in Africa'. Full text...

  • EU supports Tanzania’s small sugarcane growers
    09 may 2013 08:23:03
    Dar es Salaam, Tanzania (PANA) - The European Union (EU) will provide euros 9.5 million to support growers in Tanzania Mainland’s sugar industry as well as civil society organisations in the offshore Zanzibar Island, it was officially announced here Thursday. Full text...

  • 'WEF on Africa, platform to promote African Agenda'
    09 may 2013 07:57:56
    Cape Town, South Africa (PANA) - South Africa's President Jacob Zuma has described the ongoing World Economic Forum (WEF) on Africa as a perfect platform to promote the African Agenda. Full text...

  • Tanzania's forex rates Thursday
    09 may 2013 07:30:50
    Dar es Salaam, Tanzania (PANA) - Following are Thursday's exchange rates for the Tanzanian shilling: Full text...

  • Ghana minister wants entrepreneurship studied in schools
    08 may 2013 22:11:47
    Accra, Ghana (PANA) - Ghana’s Minister of Employment and Labour Relations, Nii Armah Ashietey, has called for the introduction of entrepreneurship as a course in institutions of higher learning in ECOWAS member states. Full text...

  • Moroccan bank acquires majority shares in Togolese bank
    08 may 2013 20:03:47
    Lomé, Togo (PANA) – Moroccan bank, Attijariwafa Bank, has acquired majority shares in International Bank for Africa (BIA-Togo) by buying 55% of its capital. Full text...

  • AgriProtein team wins African ''Innovation Prize Award''
    08 may 2013 19:05:51
    Dakar, Senegal (PANA) – Organisers of the ''Innovation Prize for Africa'' (IPA) award Wednesday named AgriProtein team as the winner of its 2013 Prize. Full text...

  • Wednesday's forex rates in Gambia
    08 may 2013 15:59:21
    Dakar, Senegal (PANA) – Following are Wednesday's foreign exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • BEAC's capital base increases by F CFA 950 billion
    08 may 2013 14:45:32
    Libreville, Gabon (PANA) - The capital base of the Bank of Central African States (BEAC) has risen from 250 billion to 1,200 billion CFA francs, an increase of 950 billion CFA francs, according to a statement issued here Wednesday by the Gabonese Ministry of the Economy. Full text...

  • Wednesday’s forex for Mauritian rupee
    08 may 2013 14:14:15
    Port-Louis, Mauritius (PANA) – Following are Wednesday's foreign exchange rates for the Mauritian rupee: Full text...

  • Wednesday’s exchange rates for Mauritanian Ouguiya
    08 may 2013 13:09:13
    Nouakchott, Mauritania (PANA) - Following are Wednesday's exchange rates for the Mauritanian Ouguiya: Full text...

  • Wednesday’s forex rates for Central African CFA
    08 may 2013 11:45:32
    Libreville, Gabon (PANA) - Following are Wednesday's exchange rates for the CFA franc issued by the Bank of Central African States (BEAC): Full text...

  • Wednesday's exchange rates in Zambia
    08 may 2013 11:16:42
    Lusaka, Zambia (PANA) - Following are Wednesday's exchange rates for the Zambian kwacha: Full text...

  • Tanzania's forex rates Wednesday
    08 may 2013 06:48:09
    Dar es Salaam, Tanzania (PANA) - Following are Wednesday's exchange rates for the Tanzanian shilling: Full text...

  • Gambia increases policy rate to 14%
    07 may 2013 22:15:44
    Banjul, Gambia (PANA) - Gambia has increased its policy rate by 2% to 14% as it forecasts a further depreciation of the currency, the delasi, on account of economic challenges. Full text...

  • About US$1.0 billion pledge released to Burundi
    07 may 2013 20:56:34
    Bujumbura, Burundi (PANA) – About US$1.0 billion has so far been released to Burundi after the roundtable held by the country's bilateral and multilateral partners in October last year in the Swiss capital, Geneva, official sources say in Bujumbura. Full text...

  • Tuesday’s forex rates for Mauritanian Ouguiya
    07 may 2013 15:16:42
    Nouakchott, Mauritania (PANA) – Following are Tuesday's foreign exchange rates for the Mauritanian Ouguiya: Full text...

  • Tuesday’s forex rates for Central African CFA
    07 may 2013 15:13:35
    Libreville, Gabon (PANA) – Following are Tuesday's foreign exchange rates for CFA in central African States: Full text...

  • Tuesday’s exchange rates for Mauritian rupee
    07 may 2013 13:37:50
    Port Louis, Mauritius (PANA) - Following are Tuesday's exchange rates for the Mauritian rupee: Full text...

  • Latest foreign exchange for Rwandan franc
    06 may 2013 23:07:45
    Kigali, Rwanda (PANA) – The following are the exchange rates for the Rwandan franc, as against major currencies as issued on Monday by the Central Bank of Rwanda. Full text...

  • Monday’s forex rates for Mauritian rupee
    06 may 2013 14:25:04
    Port-Louis, Mauritius (PANA) – Following are Monday's foreign exchange rates for the Mauritian rupee: Full text...

  • Monday’s forex rates for Mauritanian Ouguiya
    06 may 2013 14:20:28
    Nouakchott, Mauritania (PANA) – Following are Monday's foreign exchange rates for the Mauritanian Ouguiya: Full text...

  • Africa's share of FDI 'increases'
    06 may 2013 12:14:53
    Johannesburg, South Africa (PANA) - Africa’s share of global foreign direct investment (FDI) has grown over the past five years, highlighting the growing interest from foreign investors, according to international accounting firm Ernst & Young’s third Africa Attractiveness Survey, released on Monday. Full text...

  • Monday's exchange rates in Zambia
    06 may 2013 10:22:50
    Lusaka, Zambia (PANA) - Following are Monday's exchange rates for the Zambian kwacha: Full text...

  • Nigeria's external debt rises to US$6.67b
    06 may 2013 08:25:32
    Lagos, Nigeria (PANA) - Six years after Nigeria paid off its external debt and obtained a clean bill of health, the country's external debt has risen to US$6.67 billion, the local media Monday quoted the Debt Management Office (DMO) as saying. Full text...

  • Nigeria bans rice importation through land borders
    06 may 2013 08:22:24
    Lagos, Nigeria (PANA) - Nigeria's federal government has banned the importation of rice through the country's land borders, according to the Nigerian Customs Service (NCS). Full text...

  • Nigeria's President leads economic team to SA, Namibia
    05 may 2013 10:31:26
    Lagos, Nigeria (PANA) - Nigeria's President Goodluck Jonathan will lead key members of his economic management team to this week's World Economic Forum (WEF) on Africa in Cape Town, South Africa, in continuation of his efforts to promote rapid national economic growth and development, the presidency said in a statement made available to PANA in Lagos on Sunday. Full text...

  • Ghana's energy crisis yet to be over despite 'significant' power generation
    05 may 2013 07:14:36
    Accra, Ghana (PANA) - Ghanaian industrial and domestic power consumers, who have been going through a serious energy crisis, will still have to wait a few more months before the current load shedding ends despite the addition of 265 megawatts of power to generation in the past few weeks. Full text...

  • ‘Nigerian refineries produce 10.2m litres of petrol daily’
    04 may 2013 16:34:58
    Lagos, Nigeria (PANA) - State-owned Nigerian National Petroleum Corporation (NNPC) has said that its refineries in north Central Kaduna and south south Warri and Port Harcourt currently produce a total of 10.23 million litres of premium motor spirit (petrol) per day instead of the previous eight million litres. Full text...

  • 'Nigeria is one of world's most attractive investment destinations'
    04 may 2013 15:25:50
    Lagos, Nigeria (PANA) - Saying that Nigeria’s foreign reserve has hit about US$ 50 billion, the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, declared that Nigeria has become one of the world's most attractive investment destinations and Africa's best, local newspapers reported Saturday. Full text...

  • Friday’s forex rates in Mauritius
    03 may 2013 19:48:42
    Port-Louis, Mauritius (PANA) – Following are Friday's foreign exchange rates for the Mauritanian rupee: Full text...

  • Friday's forex rates in Nigeria
    03 may 2013 18:39:30
    Lagos, Nigeria (PANA) - Here are Friday's foreign exchange rates for the Nigerian currency, the Naira, and the last for the week: Full text...

  • Friday's foreign exchange rates in Zambia
    03 may 2013 14:22:37
    Lusaka, Zambia (PANA) – Following are Friday's foreign exchange rates for the Zambian kwacha: Full text...

  • Friday’s exchange rates for CFA Franc
    03 may 2013 12:58:20
    Libreville, Gabon (PANA) - Following are Friday's exchange rates for the Central African CFA Franc: Full text...

  • British investors in Nigeria to improve bilateral relations
    02 may 2013 20:54:27
    Lagos, Nigeria (PANA) - A team of British entrepreneurs, led by the Lord Mayor, city of London, Mr. Alderman Gifford, is in Nigeria to deepen investment relationship between the two Commonwealth countries, PANA reported Thursday. Full text...

  • Thursday's forex rates for Nigerian naira
    02 may 2013 20:36:50
    Lagos, Nigeria (PANA) - Following are Thursday's foreign exchange rates for the Nigerian currency, the Naira: Full text...

  • Thursday’s forex rates for Mauritian rupee
    02 may 2013 16:16:00
    Port-Louis, Mauritius (PANA) – Following are Thursday's foreign exchange rates for the Mauritian rupee: Full text...

  • Thursday's forex rates for Gambian Dalasis
    02 may 2013 13:59:03
    Dakar, Senegal (PANA) – Following are Thursday's foreign exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Nigeria needs 77b naira for electricity metering
    02 may 2013 12:20:13
    Lagos, Nigeria (PANA) - Nigeria's Minister of Power Chinedu Nebo has said about 77 billion naira (US$484 million) will be needed to buy and install electricity meters in residences as a way of addressing the existing metering gap in the country. Full text...

  • ICD, Egypt sign sugar project financing pact
    02 may 2013 11:45:57
    Cairo, Egypt (PANA) - The Islamic Corporation for the Development of the Private Sector (ICD) and Egypt have signed a pact for the financing facilities and initial working capital terms for the Al Nouran Sugar Project in Egypt. Full text...

  • Thursday’s forex rates for Mauritanian Ouguiya
    02 may 2013 11:00:40
    Nouakchott, Mauritania (PANA) - Following are Thursday's exchange rates for the Mauritanian Ouguiya: Full text...

  • Thursday’s forex rates for Central African CFA
    02 may 2013 10:52:41
    Libreville, Gabon (PANA) - Following are Thursday's exchange rates for the CFA franc issued by the Bank of Central African States (BEAC): Full text...

  • Cape Town International Airport is Africa's best
    01 may 2013 23:56:07
    Johannesburg, South Africa (PANA) - South African airports dominated the list of the 10 best airports in Africa in 2013, winning the first three places, in addition to the sixth and eighth places, according to the 2013 World Airport Awards held at Passenger Terminal EXPO in Geneva, Switzerland. Full text...

  • Jonathan ressures Nigerian workers of enhanced welfare
    01 may 2013 19:53:46
    Abuja, Nigeria (PANA) - Nigerian President Goodluck Jonathan has said that his administration will leave no stone unturned towards the practical enhancement of the welfare of all workers in both the private and public sectors, and in facilitating better relations with employers and government. Full text...

  • Mahama urges Ghana workers to make strikes 'absolute last resort'
    01 may 2013 15:01:12
    Sekondi, Ghana (PANA) - Ghana's President John Mahama, whose government has been under siege from a wave of strikes, on Wednesday asked workers to make the declaration of strike "an absolute last resort". Full text...

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