Economy -
  • Africa Investment Forum: All set to tilt the tide of Investments into Africa
    06 november 2018 15:25:01
    Johannesburg, South Africa (PANA) - The Africa Investment Forum (AIF) kicked off on Monday with a media briefing in Johannesburg, the South African capital, with the game changing event, aimed at attracting multi-billion-dollar deals across the continent. Full text...

  • Safaricom partners Western Union in mobile money transfer deal
    06 november 2018 14:58:04
    Nairobi, Kenya (PANA) - Kenya's leading telcom outfit, Safaricom, on Tuesday announced a global mobile money transfer deal in partnership with Western Union that will allow Safaricom customers to send and receive money from any part of the world via a mobile phone. Full text...

  • Mauritania slams Trump for exclusion from AGOA benefits
    06 november 2018 14:44:00
    Nouakchott, Mauritania (PANA) - The Mauritanian government said in a statement on Monday that it is surprised and regrets the decision of US President, Donald Trump, to remove Mauritania from the list of beneficiary countries of the African Growth and Opportunity Act (AGOA). Full text...

  • Investors' future in Africa is bright - AfDB President
    06 november 2018 14:03:05
    Nairobi, Kenya (PANA) - The African Development Bank (AfDB) is removing barriers that have stemmed the flow of investment finance into the African continent. Full text...

  • Tuesday's forex rates for the Mauritanian Ouguiya
    06 november 2018 10:31:27
    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 Mauritian Rupee
    06 november 2018 10:17:37
    Port-Louis, Mauritius (PANA) - Following are Tuesday’s exchange rates for the Rupee, as issued by the commercial bank of Mauritius. Full text...

  • Tuesday's forex rates for Rwandan Franc
    06 november 2018 09:18:44
    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...

  • IMF accents infrastructure investment, social spending in Mali
    06 november 2018 09:14:52
    Bamako, Mali (PANA) – The International Monetary Fund (IMF) is prodding the authorities in Mali to step up, over the medium term, their efforts to create space for infrastructure investment and social spending, according to a press statement made available to PANA on Tuesday following an IMF staff-level agreement with Malian authorities. Full text...

  • Tuesday’s forex rates for the Gambian Dalasi
    06 november 2018 08:40:13
    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...

  • Niger renounces Chinese 480 billion CFA francs credit for development projects
    05 november 2018 17:25:32
    Niamey, Niger (PANA) - Niger on Monday repealed the ratification of a financing agreement with EXIM Bank of China to the tune of CFAF 480 billion for various development projects, which was signed in September 2013, according to an official statement released here on Monday. Full text...

  • Commuters stranded as Kenyan govt. implements new traffic rules
    05 november 2018 15:54:58
    Nairobi, Kenya (PANA) - Commuters in different parts of the Kenya started feeling the pinch on Monday when Public Service Vehicle (PSV) withdrew their vehicles from the roads following the implementation of new traffic rules. Full text...

  • Monday's forex rates for Rwandan Franc
    05 november 2018 14:45:43
    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 exchange rates for CFAF in Central Africa
    05 november 2018 10:58:58
    Libreville, Gabon (PANA) – Following are Monday’s exchange rates for the CFAF in Central Africa, as issued by the bank of central African States. Full text...

  • Kenya calls on China to provide tax-free status to African exports into China
    05 november 2018 10:56:30
    Shanghai, China (PANA) — Kenyan President Uhuru Kenyatta has requested the Chinese to offer preferential treatment to goods from Africa as Beijing continues opening up its market to the rest of the world. Full text...

  • Monday's forex rates for Rupee
    05 november 2018 10:44:05
    Port-Louis, Mauritius (PANA) – Following are Monday’s exchange rates for the Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Monday’s forex rates for the Gambian Dalasi
    05 november 2018 08:49:21
    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...

  • WB gives provides over US $460 million for electricity in Benin, Burkina Faso, Niger, Nigeria
    04 november 2018 15:21:45
    Cotonou, Benin (PANA) – The World Bank has released US $465.5 million for the improvement of the power interconnection linking Benin, Burkina Faso, Niger and Nigeria, sources at the national representation of the financial institution told PANA. Full text...

  • PM Fayez al-Sarraj, ENI director discuss oil investment in Libya
    04 november 2018 13:21:38
    Tripoli, Libya (PANA) – Fayez Mustafa al-Sarraj, Chairman of the Presidential Council of Libya and Prime Minister on Saturday held talks in Tripoli on oil investment projects with a delegation of the Italian national oil and gas company ENI, that was led by its Managing Director Claudio Descalzi. Full text...

  • Saturday's exchange rates for CFAF in Central Africa
    03 november 2018 13:43:09
    Libreville, Gabon (PANA) – Following are Saturday’s exchange rates for the CFAF in Central Africa, as issued by the Bank of Central African States. Full text...

  • Italy gives Tunisia 165 m Euros
    03 november 2018 12:29:55
    Tunis, Tunisia (PANA) – Italy has given Tunisia 165 million Euros to support small and medium-size firms. Full text...

  • Saturday's forex rates for the Mauritanian Ouguiya
    03 november 2018 12:19:04
    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 the Gambian Dalasi
    03 november 2018 10:56:30
    Banjul, Gambia (PANA) – The following are Saturday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Friday's forex rates for CFAF in Central Africa
    02 november 2018 15:40:50
    Libreville, Gabon (PANA) – The following are Friday’s foreign exchange rates for the CFAF in Central Africa, as issued by the Bank of Central African States. Full text...

  • Friday's forex rates for the Mauritanian Ouguiya
    02 november 2018 10:58:33
    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 Gambian Dalasi
    02 november 2018 07:41:26
    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...

  • Airbus releases report on aviation impact on Africa
    01 november 2018 13:36:33
    Nairobi, Kenya (PANA) - Africa will achieve its potential demographic dividend by investing in its youthful and increasingly techno-savvy population, European aircraft manufacturer, Airbus, says in its report on the impact of aviation on the continent. Full text...

  • President Keita inaugurates new thermal power plant in Mali
    01 november 2018 13:18:10
    Bamako, Mali (PANA) - A new thermal power plant was inaugurated Wednesday by Malian President, Ibrahim Boubacar Kéita, in Kayes, a commune located some 500 km in the west of the capital, Bamako. Full text...

  • Thursday's forex rates for Rwandan Franc
    01 november 2018 13:00:31
    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 Mauritanian Ouguiya
    01 november 2018 11:56:48
    Nouakchott, Mauritania (PANA) – Following are Thursday’s exchange rates for the Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Prudent monetary policy lowers Egypt’s annual inflation
    01 november 2018 10:23:52
    Cairo, Egypt (PANA) - Prudent monetary policy of the Central Bank of Egypt’s (CBE) has helped bring down annual inflation from 33 percent in July 2017 to 11.4 percent in May 2018, according to an International Monetary Fund (IMF) team that has just concluded the fourth review of the country’s economic reform programme supported by a three-year Extended Fund Facility. Full text...

  • Ethiopian Airlines to fly to Russia from December
    01 november 2018 09:49:54
    Abidjan, Cote d'Ivoire (PANA) - Ethiopian Airlines will begin its flights to the Russian capital, Moscow, on 5 December, a statement received by PANA said. Full text...

  • IMF staff see stability in Togo’s economy
    01 november 2018 09:40:45
    Lomé, Togo (PANA) – Togo’s overall economic activity is showing signs of incipient stabilization despite continuing weaknesses in some sectors, according to an International Monetary Fund (IMF) team that on Thursday completed a review mission to the West African country. Full text...

  • Thursday's forex rates for the Mauritian Rupee
    01 november 2018 09:25:06
    Port-Louis, Mauritius (PANA) - Following are Thursday's foreign exchange rates for the Mauritian Rupee as issued by the Mauritian Commercial Bank: Full text...

  • Ease of Doing Business: Rwanda now ranks 29 globally
    31 october 2018 15:43:21
    Kigali, Rwanda (PANA) - Rwanda is the 29th country in the list of nations adjudged "easiest place to do business in the world", according to the 2019 World Bank Doing Business index of the world's most business-friendly economies. Full text...

  • RwandAir launches Kigali-Tel Aviv route in 2019
    31 october 2018 15:34:39
    Kigali, Rwanda (PANA) - Rwanda's national carrier, RwandAir, will launch the Kigali-Tel Aviv direct flight in 2019, a source close to RwandAir confirmed Wednesday in Kigali. Full text...

  • Seychelles issues world's first ever "blue bond" to expand marine fisheries development project
    31 october 2018 14:39:34
    Victoria, Seychelles (PANA) - The World Bank has hailed Seychelles, an Island state in the Indian Ocean, for issuing the world's first sovereign "blue-bond" to finance marine fisheries development projects. Full text...

  • Wednesday's forex rates for Rwandan Franc
    31 october 2018 13:06:30
    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 forex rates for Mautanian Ouguiya
    31 october 2018 12:48:46
    Nouakchott, Mauritania (PANA) – Following are Wednesday’s exchange rates for the Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Construction of motorway by-pass in Ouagadougou begins
    31 october 2018 12:26:05
    Ouagadougou, Burkina Faso (PANA) - Burkina Faso President Roch Marc Christian Kaboré on Tuesday launched the construction a 181 billion CFA francs motorway by-pass in Ouagadougou. Full text...

  • Ethiopia hailed for granting AU citizens visa upon arrival
    31 october 2018 11:27:03
    Nairobi, Kenya (PANA) - Kenyan hotel and tour operators have hailed Ethiopia's decision to grant visas on arrival to African Union (AU) member state citizens Full text...

  • Tunis to host African statistic institute
    31 october 2018 10:19:30
    Tunis, Tunisia (PANA) – Tunisia will soon be the headquarters of the African Statistic Institute, which will play a key role in the publication and production of statistical data, the Tunisian minister of Development, International Cooperation and Investment, Zied Ladhari said on Tuesday. Full text...

  • World Bank provides US$1.2 billion to accelerate economic growth in Ethiopia
    31 october 2018 09:42:45
    Addis Ababa, Ethiopia (PANA) - The World Bank’s Board of Executive Directors has approved US$1.2 billion credit and a grant to accelerate economic growth in Ethiopia following the East African nation's efforts to open up the economy to the private sector, the Bank said on Wednesday. Full text...

  • Wednesday's forex rates for the Mauritian Rupee
    31 october 2018 07:56:50
    Port-Louis, Mauritius (PANA) - Following are Wednesday's foreign exchange rates for the Mauritian Rupee as issued by the Mauritian Commercial Bank: Full text...

  • Niger improves business environment, clears domestic payments arrears - IMF
    31 october 2018 06:32:00
    Niamey, Niger (PANA) – A visiting team of the International Monetary Fund (IMF) has welcomed the Nigerien authorities’ continuing efforts to improve the business environment through financial inclusion and clearance of domestic payments arrears. Full text...

  • 2018 African Economic Conference to offer practical solutions - AfDB
    30 october 2018 19:52:33
    Kigali, Rwanda (PANA) - “The 2018 African Economic Conference (AEC), which will take place in Kigali, Rwanda, from 3-5 December, will feature practical solutions from regional integration experts and the private sector,” a senior African Development Bank (AfDB) staff has said, as preparations for the event move into top gear. Full text...

  • ECOWAS Brown Card sensitization forum opens in Banjul
    30 october 2018 19:03:10
    Banjul, Gambia (PANA) - The Economic Community of West African States (ECOWAS) 35th Ordinary General Assembly of the Council of Bureau of ECOWAS Brown Card Insurance Scheme opened in Banjul on Tuesday. Full text...

  • Kenyan Capital Markets regulator approves cross-listing of Bank of Kigali
    30 october 2018 18:50:48
    Nairobi, Kenya (PANA) - Kenya's Capital Markets Authority (CMA), said on Tuesday it issued an approval for the cross-listing of the Bank of Kigali to the Nairobi Securities Exchange (NSE). Full text...

  • AfDB, partners, launch E-Learning program for African financial institutions
    30 october 2018 15:12:39
    Abidjan, Cote d'Ivoire (PANA) - The Trade Finance Division of the African Development Bank (AfDB) and the International Islamic Trade Finance Corporation (ITFC) have teamed up with the International Chamber of Commerce (ICC) to launch a joint AfDB-ITFC Trade Finance E-Learning Programme for African Financial Institutions. Full text...

  • Algeria signs two deals for off-shore oil exploration with ENI and Total
    30 october 2018 13:59:34
    Algiers, Algeria (PANA) - Algeria's national oil research, production, transportation, processing and marketing company (Sonatrach) on Monday signed two contracts with Italian energy giant ENI and Total of France for offshore oil exploration. Full text...

  • Tuesday's forex rates for the Mauritanian Ouguiya
    30 october 2018 12:02:27
    Nouakchott, Mauritania (PANA) – Following are Tuesday’s exchange rates for the Ouguiya, as issued by the central bank of Mauritania. Full text...

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