Economy -
  • Wednesday's forex rates for the Mauritian Rupee
    09 may 2018 08:21:52
    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...

  • Tuesday's forex rates for Rwandan Franc
    08 may 2018 15:46:03
    Kigali, Rwanda (PANA) - The following are Tuesday's foreign exchange rates for the Rwandan franc, as issued by the National Bank of Rwanda. Full text...

  • Tuesday's forex rates for Mauritanian Ouguiya
    08 may 2018 13:13:33
    Nouakchott, Mauritania (PANA) - Following are Tuesday’s foreign exchange rates for the Ouguiya, as issued by the central bank of Mauritania. Full text...

  • Saudi Arabia agrees to supply Sudan with oil for five years
    08 may 2018 13:10:02
    Khartoum, Sudan (PANA) - The Sudanese government has signed a draft agreement with Saudi Arabia under which the gulf country will supply Sudan with oil for five years at an annual rate of 1.8 million tons for a preferential price. Full text...

  • Tuesday's exchange rates for Ghana cedi
    08 may 2018 10:38:21
    Accra, Ghana (PANA) - The following are Tuesday's foreign exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Tuesday's forex rates for Mauritian Rupee
    08 may 2018 09:58:51
    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...

  • Burkina Faso economy shows resilience in face of security, weather-related shocks
    07 may 2018 19:38:43
    Ouagadougou, Burkina Faso (PANA) – Burkina Faso’s economy expanded by more than 6 percent per year on average during 2016-2017, showing considerable resilience in the face of security and weather-related shocks, the International Monetary Fund (IMF) said on Monday. Full text...

  • KTB, mountain bikers partner to promote domestic tourism in Kenya
    07 may 2018 15:10:53
    Nairobi, Kenya (PANA ) - Kenya Tourism Board (KTB) is partnering with an adventure cycling events organiser, Ngong Hills Individual Time Trial (NHITT), to promote domestic travel. Full text...

  • AfDB debars CHINT Electric for 36 months for fraudulent practices
    07 may 2018 13:48:04
    Abidjan, Cote d'Ivoire (PANA) - In a move portraying the African Development Bank (AfDB) as maintaining its "Integrity in Development Projects", the bank on Monday announced the suspension of CHINT Electric Co., Ltd., a power transmission and distribution equipment manufacturer and EPC contractor, for three years over some fraudulent pactices. Full text...

  • AfDB provides 121 villages in Tanzania with improved access to reliable, affordable electricity
    07 may 2018 13:27:12
    Dar Es Salaam, Tanzania (PANA) - In line with its Light up and power Africa initiative, the African Development Bank (AfDB) is expanding access to reliable and affordable electricity with funding support for the construction of the Zuzu substation in Dodoma, connecting 121 villages to the power supply in the capital city. Full text...

  • 5th international fair of Algiers opens on Tuesday
    07 may 2018 11:56:39
    Algiers, Algeria (PANA) - The 5th edition of the Algiers International Fair opens on Tuesday in the Algerian capital with 704 exhibitors, including 296 foreigners from 25 African, American, Asian and European countries expected to participate, organisers told PANA on Monday. Full text...

  • Monday's exchange rates for Ghana cedi
    07 may 2018 10:01:05
    Accra, Ghana (PANA) - The following are Monday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Monday's forex rates for Mauritian Rupee
    07 may 2018 07:52:34
    Port-Louis, Mauritius (PANA) - Following are Monday’s foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Cairo to Cape Town road boosts cross-border economies, links Tanzania to rest of Africa (Feature by AfDB)
    06 may 2018 04:01:24
    Dodoma, Tanzania (PANA) - Rehema Tukai grew up in Kondoa and works in Dodoma, Tanzania’s capital city. Until now, visiting her family in Kondoa involved a five-hour journey along a bumpy and dusty road. Thanks to a new road co-funded by the African Development Bank (AfDB), it takes her a little over one hour to travel the same distance. Full text...

  • IMF commends Malawi for macroeconomic stability, cautions over risks
    04 may 2018 18:35:53
    Lilongwe, Malawi (PANA) – International Monetary Fund (IMF) executive directors have commended Malawian authorities for achieving macroeconomic stability, noting that economic activity in the southern Africa country has rebounded after two consecutive years of drought, driven by a recovery in agricultural production. Full text...

  • Friday's exchange rates for Mauritanian Ouguiya
    04 may 2018 11:19:51
    Nouakchott, Mauritania (PANA) - Following are Friday’s exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Friday's exchange rates for Mauritian Rupee
    04 may 2018 11:02:44
    Port-Louis, Mauritius (PANA) - Following are Friday’s exchange rates for the Rupee, as issued by the commercial bank of Mauritius. Full text...

  • Friday’s forex rates for the Gambian Dalasi
    04 may 2018 09:53:11
    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...

  • Bharti Airtel may sell 25% in Africa unit to raise up to US$1.5 billion
    04 may 2018 08:03:02
    Dar es Salaam, Tanzania (PANA) – India’s leading global telecommunications company, Bharti Airtel plans to raise as much as US$1.5 billion by diluting about a fourth of its stake when it lists the holding company for Africa operations early 2019, ETTelecom online Daily Newsletter reported on Friday. Full text...

  • UK finances microcredit project in Libya
    03 may 2018 14:21:18
    Paris, France (PANA) – The government of the United Kingdom and Expertise France, France’s international technical expertise agency, have signed a deal to set up jointly the first microcredit agency in Libya, official sources told PANA on Thursday in Paris. Full text...

  • Thursday’s forex rates for the Gambian Dalasi
    03 may 2018 14:12:12
    Banjul, Gambia (PANA) – The following are Thursday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Thursday's forex rates for Mauritanian Ouguiya
    03 may 2018 12:50:39
    Nouakchott, Mauritania (PANA) - Following are Thursday’s exchange rates for the Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Thursday's exchange rates for Ghana cedi
    03 may 2018 11:20:54
    Accra, Ghana (PANA) - The following are Thursday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • IMF prods Guinean authorities on poverty reduction
    03 may 2018 09:36:13
    Conakry, Guinea (PANA) – Though Guinea’s economy is growing at a fast pace, driven by a buoyant mining sector, the country needs to preserve its macroeconomic stability and generate more inclusive and broad-based growth for poverty reduction improved living standards of the population. Full text...

  • Thursday's forex rates for the Mauritian Rupee
    03 may 2018 08:26:07
    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...

  • Wednesday's forex rates for Mauritanian Ouguiya
    02 may 2018 11:04:04
    Nouakchott, Mauritania (PANA) - Following are Wednesday’s exchnage rates for the Ouguiya, as issued by the central bank of Mauritania. Full text...

  • Pretoria slams US trade import duties
    02 may 2018 08:21:01
    Cape Town, South Africa (PANA) – South Africa's Department of Trade and Industry (DTI) has slammed the Trump administration's decision not to exempt it from taxes on its steel and aluminium exports to the United States. Full text...

  • Tuesday’s forex rates for the Gambian Dalasi
    01 may 2018 11:30:31
    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...

  • Nearly two-thirds of global workforce in the ‘informal’ economy – UN study
    01 may 2018 04:53:44
    Geneva, Switzerland (PANA) - More than 61 per cent of the world’s employed population – two billion people – earn their livelihoods in the informal sector, the United Nations labour agency said on Monday, stressing that a transition to the formal economy is critical to ensure rights’ protection and decent working conditions. Full text...

  • IMF approves US$112.3 million for Malawi
    01 may 2018 04:45:08
    Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) on Monday approved a new three-year arrangement for Malawi under the Extended Credit Facility (ECF) for SDR78.075 million (about US$112.3 million) to support the country’s economic and financial reforms. Full text...

  • IMF Executive Board approves US$191 million disbursement for Ghana
    01 may 2018 04:32:44
    Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) on Monday approved the disbursement of SDR 132.84 million (about US$191 million) to Ghana following the completion of the fifth and sixth reviews of the West African country's economic performance programme supported by an Extended Credit Facility (ECF) arrangement. Full text...

  • Monday’s forex rates for the Gambian Dalasi
    30 april 2018 16:08:08
    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 forex rates for Rwandan Franc
    30 april 2018 16:06:10
    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 Mauritian Rupee
    30 april 2018 11:56:08
    Port-Louis, Mauritius (PANA) - Following are Monday’s foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Monday's exchange rates for Ghana cedi
    30 april 2018 11:02:31
    Accra, Ghana (PANA) - The following are Monday's exchange rates for Ghana cedi as announced by Ghana Association of Bankers. Full text...

  • Friday’s forex rates for the Gambian Dalasi
    27 april 2018 10:34:55
    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...

  • Friday's exchange rates for Ghana cedi
    27 april 2018 09:35:45
    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...

  • Friday's forex rates for Rwandan Franc
    27 april 2018 09:29:06
    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...

  • Djibouti launches digital transformation to improve services to citizens
    26 april 2018 13:38:16
    Washington, US (PANA) - The World Bank announced on Thursday a four-year support for Djibouti’s ongoing efforts to leverage digital technology to bring government closer to citizens and improve the impact, transparency and efficiency of its public administration. Full text...

  • Thursday's exchange rates for Mauritanian Ouguiya
    26 april 2018 12:40:41
    Nouakchott, Mauritania (PANA) - Following are Thursday’s exchange rates for the Ouguiya as issued by the Central Bank of Mauritania. Full text...

  • Thursday's exchange rates for Mauritian Rupee
    26 april 2018 12:35:45
    Port Louis, Mauritius (PANA) - Following are Thursday’s exchange rates for the Rupee as issued by the Commercial Bank of Mauritius. Full text...

  • Thursday’s forex rates for the Gambian Dalasi
    26 april 2018 10:38:35
    Banjul, Gambia (PANA) – The following are Thursday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Thursday's exchange rates for Ghana cedi
    26 april 2018 09:14:32
    Accra, Ghana (PANA) - The following are Thursday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Morocco to host World Bank Group, IMF 2021 annual meetings in Marrakech
    25 april 2018 16:33:25
    Washington, US (PANA) - The 2021 Annual Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) will take place in Marrakech, Morocco, in October 2021, following a vote by the Boards of Governors of the two institutions. Full text...

  • WB forecasts commodity prices to rise more than expected in 2018
    25 april 2018 16:24:13
    Washington, US (PANA) - Prices for energy commodities – which include oil, natural gas, and coal -- are forecast to jump 20 percent in 2018, a 16 percentage point upward revision from October’s outlook, the World Bank said in its April Commodity Markets Outlook. Full text...

  • Thousands of disgruntled workers protest in South Africa
    25 april 2018 16:07:39
    Cape Town, South Africa (PANA) – Tens of thousands of striking workers marched through the streets of South Africa’s major cities on Wednesday demanding higher salaries and better working conditions. Full text...

  • Real estate chief advises Kenyan authorities on affordable housing
    25 april 2018 13:55:18
    Nairobi, Kenya (PANA) - Username Investment CEO, Reuben Kimani, has urged the Kenyan Government to consider Inclusionary Zoning as part of their strategy to offer affordable homes to all Kenyans. Full text...

  • Wednesday's forex rates for Mauritanian Ouguiya
    25 april 2018 11:27:29
    Nouakchott, Mauritania (PANA) - Following are Wednesday’s exchange rates for the Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Wednesday’s forex rates for the Gambian Dalasi
    25 april 2018 10:51:04
    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 exchange rates for Ghana cedi
    25 april 2018 10:30:53
    Accra, Ghana (PANA) - The following are Wednesday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

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