Economy -
  • Thursday's exchange rates for Ghana cedi
    02 november 2017 06:21:54
    Accra, Ghana (PANA) - The following are Thursday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Women are looking for opportunities in business, UN forum told
    01 november 2017 22:50:02
    New York, US (PANA) – Despite overwhelming challenges women face at the workplace, “they are not helpless,” they will follow their dreams, work to the hardest and achieve their business goals, was a core message on day two of a United Nations forum on sustainable development. Full text...

  • 'Washington will not reverse decision to lift economic sanctions on Sudan'
    01 november 2017 22:11:45
    Khartoum, Sudan (PANA) - Sudan says it has received reassurances from the US Administration that it will not reverse its decision to lift economic and trade sanctions against the African country. Full text...

  • Rwandan president attends 2017 Africa Global Business Forum in Dubai
    01 november 2017 13:27:23
    Kigali, Rwanda (PANA) - Rwandan President Paul Kagame is currently in Dubai, United Arab Emirate (UAE) where he is attending a two-day international Africa Global Business Forum (GBF) along with some other four African heads of state, an official source confirmed Wednesday in Kigali. Full text...

  • African countries show most rapid improvements in World Banks doing business ranking
    01 november 2017 13:19:44
    Nairobi, Kenya (PANA) - African countries have shown the most dramatic improvements in the conditions of doing business, with Kenya, Nigeria, Senegal, Malawi and Zambia implementing important reforms to improve the business environment, the World Bank said Wednesday in its annual doing business rankings. Full text...

  • Wednesday's forex rates for the Gambian Dalasi
    01 november 2017 10:14:33
    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...

  • Wednesday's forex rates for Rwandan Franc
    01 november 2017 08:49:43
    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...

  • Wednesday's exchange rates for Ghana cedi
    01 november 2017 05:48:20
    Accra, Ghana (PANA) - The following are Wednesday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Integration will lift Africa from abject poverty - says Activist
    31 october 2017 17:41:28
    Banjul, Gambia (PANA) - Dr. Kumi Naidoo, founder and chair of Africans Rising, has said that integration is the only fundamental idea that will lift Africa from abject poverty. Full text...

  • IMF says Gambia’s economic growth projected to 0.3% in 2018
    31 october 2017 17:33:43
    Banjul, Gambia (PANA) - The International Monetary Fund (IMF) regional economic outlook has projected that Gambia’s economic growth will be 0.3% in 2018. Full text...

  • Private sector calls for paradigm shift in Botswana to attract FDI
    31 october 2017 12:42:40
    Gaborone, Botswana (PANA) - Botswana has been challenged to adopt a paradigm shift, if the country is to compete and attract foreign direct investment (FDI) among her peers. Full text...

  • Tuesday's forex rates for Mauritanian Ouguiya
    31 october 2017 12:31:27
    Nouakchott, Mauritania (PANA) - Following are Tuesday’s exchange rates for the Ouguiya, as issued by the Central bank of Mauritania. Full text...

  • Tuesday's exchange rates for CFAF in Central Africa
    31 october 2017 09:50:57
    Libreville, Gabon (PANA) - Following are Tuesday’s exchange rates for the CFA Franc in Central Africa as, as issued by the Bank of Central African States. Full text...

  • Tuesday's forex rates for the Gambian Dalasi
    31 october 2017 09:23:10
    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 Mauritian Rupee
    31 october 2017 09:21:23
    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 exchange rates for Ghana cedi
    31 october 2017 05:37:20
    Accra, Ghana (PANA) - The following are Tuesday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Angola's president nominates new Central Bank governor
    30 october 2017 20:24:48
    Luanda, Angola (PANA) - Angola's president João Lourenço on Monday nominated José de Lima Massano as the new governor of the Angolan National Central Bank, (Banque Nationale d'Angola (BNA). Full text...

  • IMF calls for action to strengthen economic recovery in sub-Saharan Africa
    30 october 2017 12:57:10
    Washington D.C, US (PANA) - Growth in sub-Saharan Africa is expected to pick up to 2.6 percent in 2017 from 1.4 percent in 2016, the IMF said in its latest Regional Economic Outlook for Sub-Saharan Africa report. Full text...

  • Monday's forex rates for Rwandan Franc
    30 october 2017 07:48:18
    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 Gambian Dalasi
    30 october 2017 07:06:46
    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...

  • Monday's exchange rates for Ghana cedi
    30 october 2017 05:29:58
    Accra, Ghana (PANA) - The following are Monday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Zambia ordered to pay US$ 380 million to Libya for Zamtel nationalization
    29 october 2017 12:22:26
    Tripoli, Libya (PANA) - The London Supreme Court in Britain has ordered Zambia to compensate Libya to the tune of US$ 380 million for the nationalization of the company "Zamtel", a National telecommunications company in Zambia held mainly by a Libyan fund, according to the Libyan newspaper, al-Wassat, citing the website "Lusaka Times". Full text...

  • AfDB approves US$ 3 million line of credit to Union Trust Bank Sierra Leone
    28 october 2017 07:12:03
    Freetown, Sierra Leone (PANA) - The Board of Directors of the African Development Bank (AfDB) has approved a line of credit of US$ 3 million (synthetic local currency equivalent) to the Union Trust Bank Sierra Leone (UTB) to help finance projects and enterprises in transformational sectors such as agriculture, energy, manufacturing and services, with strong emphasis on women-owned businesses. Full text...

  • ADF paves way for Guinea-Sierra Leone border road reconstruction with €48 million loan
    28 october 2017 06:55:18
    Abidjan, Cote d'Ivoire (PANA) - The Board of the African Development Bank (AfDB) Group has approved funding of 48 million Euros from the African Development Fund (ADF) for the reconstruction of the border road from Guinea to Sierra Leone. Full text...

  • Africa50 reaches financial close for solar plants in Egypt
    28 october 2017 06:49:06
    Cairo, Egypt, (PANA) - Africa50, the infrastructure fund for Africa, Scatec Solar and Norfund have signed the long-term financing documentation for the 400 MWDC utility scale photovoltaic (PV) power plants in Egypt for which they had previously entered into a Joint Development Agreement (JDA). Full text...

  • Botswana’s ease of doing business on spotlight
    27 october 2017 14:52:12
    Gaborone, Botswana (PANA) – As part of efforts to improve the ease of doing business in, authorities have launched the "Botswana One Stop Service Centre (BOSSC). Full text...

  • Friday's forex rates for Rwandan Franc
    27 october 2017 10:54:29
    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 Mauritanian Ouguiya
    27 october 2017 09:34:00
    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 forex rates for the CFA Franc in Central Africa
    27 october 2017 08:46:35
    Libreville, Gabon (PANA) - Following are Friday’s foreign exchange rates for the CFA Franc, as issued by the Bank of Central African States. Full text...

  • Friday's forex rates for the Mauritian Rupee
    27 october 2017 08:23:25
    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 exchange rates for Ghana cedi
    27 october 2017 05:18:12
    Accra, Ghana (PANA) - The following are Friday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Sierra Leone announces bidding process for oil drilling blocs
    26 october 2017 18:40:39
    Freetown, Sierra Leone (PANA ) - The Director General of Sierra Leone Petroleum, Raymond Kargbo, has announced a bidding process for license to drill oil in the country, saying that the process would be opened in January 2018. Full text...

  • 3rd AU Specialized Technical Committee meeting begins in Addis Ababa
    26 october 2017 15:53:56
    Addis Ababa, Ethiopia (PANA) - The Ministerial segment of the Third African Union (AU) Specialized Technical Committee (STC) on Finance, Monetary Affairs, Economic Planning and Integration opened in Addis Ababa, Ethiopia, on Thursday following a meeting of experts from 23-25 October, 2017. Full text...

  • Thursday's forex rates for Gambian Dalasi
    26 october 2017 12:14:33
    Banjul, Gambia (PANA) – The following are Thursday’s foreign exchange rates for the Gambian currency, the Dalasi (D), as published by Trust Bank Gambia ltd: Full text...

  • Thursday's forex rates for Rwandan Franc
    26 october 2017 10:30:21
    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...

  • Thursday's forex rates for the CFA Franc in Central Africa
    26 october 2017 08:29:54
    Libreville, Gabon (PANA) - Following are Thursday’s foreign exchange rates for the CFA Franc, as issued by the Bank of Central African States. Full text...

  • Thursday's forex rates for the Mauritian Rupee
    26 october 2017 08:01:06
    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...

  • AfDB grants 38.6 million euros to develop Tunisia's agricultural value chains
    26 october 2017 07:12:41
    Tunis, Tunisia (PANA) - The Board of Directors of the African Development Bank (AfDB) Group has agreed to provide Tunisia with two loans, totaling 38.626 million euros. Full text...

  • Thursday's exchange rates for Ghana cedi
    26 october 2017 05:38:42
    Accra, Ghana (PANA) - The following are Thursday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Poor maritime connectivity hurting weaker, smaller nations – UN report
    25 october 2017 22:42:36
    New York, US (PANA) – A United Nations report out on Wednesday has revealed that poor maritime connectivity continues to keep smaller and weaker economies from reaching world markets, highlighting the need for evidence-based improvements to trading systems and procedures to address these challenges. Full text...

  • Tanzania set to open giant graphite mineral project in 2018
    25 october 2017 19:38:16
    Dar es Salaam, Tanzania (PANA) - Tanzanian-focused flake graphite development company Volt Resources Limited on Wednesday announced that it has engaged Exotix Capital to undertake a Tanzanian Bond issue to raise up to US$30 million in structured debt to fund the Stage 1 development of the company’s flagship Bunyu Graphite Project in southeastern Tanzania. Full text...

  • Wednesday's forex rates for the Gambian Dalasi
    25 october 2017 12:06:07
    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...

  • Wednesday's forex rates for the Mauritanian Ouguiya
    25 october 2017 10:06:53
    Nouakchott, Mauritania (PANA) – Following are Wednesday's foreign exchange rates for the Mauritian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Wednesday's forex rates for the CFA Franc in Central Africa
    25 october 2017 10:01:58
    Libreville, Gabon (PANA) - Following are Wednesday’s foreign exchange rates for the CFA Franc, as issued by the Bank of Central African States. Full text...

  • Wednesday's forex rates for Mauritian Rupee
    25 october 2017 08:23:55
    Port-Louis, Mauritius (PANA) - Following are Wednesday’s foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Wednesday's exchange rates for Ghana cedi
    25 october 2017 05:13:28
    Accra, Ghana (PANA) - The following are Wednesday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Wednesday's exchange rates for Tanzania Shilling
    25 october 2017 05:11:26
    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...

  • Buhari says Nigeria not ready for single currency in West Africa
    24 october 2017 17:30:47
    Abuja, Nigeria (PANA) – Nigerian President Muhammadu Buhari on Tuesday urged member nations of the Economic Community of West African States (ECOWAS) to tread carefully in pushing for a single currency in the sub-region by 2020. Full text...

  • Botswana slashes bank rates to 5%
    24 october 2017 12:23:07
    Gaborone, Botswana (PANA) - Botswana’s central bank has cut the national lending bank rate to 5 percent. Full text...

  • Tuesday's forex rates for Rwandan Franc
    24 october 2017 12:17:55
    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...

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