Economy -
  • Libya to replace fuel subsidies with cash bonuses to reduce smuggling
    31 december 2018 13:10:04
    Tripoli, Libya (PANA) - The Economy Minister of the Libyan national union government, Ali al-Issaoui, has announced that the ministry is considering to replace fuel subsidies with cash bonuses in order to counteract the smuggling of the product. Full text...

  • Rise in oil production revives Libyan economy, says Central Bank governor
    31 december 2018 11:39:36
    Tripoli, Libya (PANA) – The Governor of the Tripoli-based Libya's central bank, Seddik Omar al-Kébir, has attributed the revival of the country's economy to the rise in oil revenues following an increase in production. Full text...

  • Monday's forex rates for Rwandan Franc
    31 december 2018 10:39:34
    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
    31 december 2018 09:02:24
    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 the Mauritian Rupee
    31 december 2018 08:09:45
    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...

  • Construction of bridge over Gambia River to completed early next month
    29 december 2018 16:38:12
    Dakar, Senegal (PANA) - The construction of the Farafagné bridge over the Gambia River will be completed by 10 January, according to a communiqué from the Senegalese Ministry of Infrastructure and Land Transport. Full text...

  • Online transactions in Cape Verde up by 12.73% during Christmas period
    28 december 2018 16:33:36
    Praia, Cape Verde (PANA) - Online purchases by Vinti4 Card have increased by 12.73% during the Christmas period (from 15 to 25 December) compared to the same period in 2017, business sources told PANA on Friday. Full text...

  • 'Libya earned US$24.2 billion in oil revenue in 2018'
    28 december 2018 12:00:01
    Tripoli, Libya (PANA) - Libya's total oil revenue for 2018 was about US$24.2 billion, showing an increase of 76 per cent on last year, the Libyan National Oil Company (NOC) announced on Friday. Full text...

  • Friday's forex rates for Rwandan Franc
    28 december 2018 10:11:08
    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 Gambian Dalasi
    28 december 2018 09:18:48
    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 forex rates for the Mauritian Rupee
    28 december 2018 08:13:42
    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...

  • Algeria to negotiate preferential trade agreement with ECOWAS - Trade minister
    27 december 2018 13:39:19
    Algiers, Algeria (PANA) - Algeria will soon start negotiations with the Economic Community of West African States (ECOWAS) to sign a preferential trade agreement between the two parties, the Algerian trade minister, Saïd Djellab, has announced. Full text...

  • MTN resolves massive Nigerian forex dispute with Nigeria
    27 december 2018 10:54:12
    Cape Town, South Africa (PANA) – Africa’s biggest telecoms company on Thursday confirmed that it has reached a settlement with the Central Bank of Nigeria (CBN) over disputed foreign exchange payments of US$8.1 billion between 2007 and 2015. Full text...

  • Thursday's forex rates for the CFA Franc in Central Africa
    27 december 2018 10:41:24
    Libreville, Gabon (PANA) – Following are Thursday’s foreign exchange rates for the CFA Franc, as issued by the Bank of the Central African States. Full text...

  • Thursday's forex rates for the Mauritanian Ouguiya
    27 december 2018 10:33:54
    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
    27 december 2018 08:09:06
    Port-Louis, Mauritius (PANA) - The following are Thursday's exchange rates for the Mauritian Rupee as announced by the Commercial Bank of Mauritius. Full text...

  • Thursday’s forex rates for the Gambian Dalasi
    27 december 2018 08:08:14
    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...

  • Wednesday's exchange rates for the Mauritanian Ouguiya
    26 december 2018 12:21:42
    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 CFA Franc in Central Africa
    26 december 2018 09:09:13
    Libreville, Gabon (PANA) – Following are Wednesday’s foreign exchange rates for the CFA Franc, as issued by the Bank of the Central African States. Full text...

  • Wednesday's forex rates for the Mauritian Rupee
    26 december 2018 09:07:26
    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 forex rates for the Gambian Dalasi
    26 december 2018 08:26:07
    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...

  • Tuesday’s forex rates for the Gambian Dalasi
    25 december 2018 11:58:25
    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...

  • Monday's forex rates for the Mauritian Rupee
    24 december 2018 08:53:32
    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 forex rates for the Gambian Dalasi
    24 december 2018 08:48:12
    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...

  • 'Tunisia loses US$4.05 billion to tax evasion'
    23 december 2018 18:02:07
    Tunis, Tunisia (PANA) - Tax evasion in Tunisia causes the country to lose 50% of its revenues estimated at 12 billion Tunisian dinars (US$4.05 billion), according to a member of the Tunisian National Council of Taxation, Mohamed Salah Ayari. Full text...

  • Libyan foreign minister 'closely following' seizure of oil tanker in Bulgaria
    23 december 2018 17:20:30
    Tripoli, Libya (PANA) – The Libyan minister of foreign affairs says he is closely following the seizure of one of the country's oil tankers, Badr, at the Port of Burgas in Bulgaria. Full text...

  • Benin gets 42 billion CFAF from ECOWAS bank for water, energy in rural areas
    23 december 2018 15:15:00
    Cotonou, Benin (PANA) – The ECOWAS Bank for Investment and Development (EBID) has given Benin two loans totalling 42 billion CFAF to finance water and electricity supply in rural areas in the West African country, official sources said on Sunday in Cotonou. Full text...

  • Congo, UNDP prepare 2022-2024 programme to fight poverty
    23 december 2018 14:49:24
    Brazzaville, Congo (PANA) – Congolese and UN Development Programme (UNDP) experts are preparing the terms of reference of Congo's 2022-2024 country document, that is aimed at helping the central African country consolidate progress made during the past cycle and eliminate problems that exist in terms of poverty and social inequalities. Full text...

  • EU gives 28.9 billion CFAF to support Benin's budget
    23 december 2018 14:27:19
    Cotonou, Benin (PANA) – The European Union on Saturday authorised the transfer to Benin of 28.9 billion CFAF to support policies and reforms of the government in the areas of good governance, decentralization and agriculture, the Beninese delegation to the EU said on Sunday. Full text...

  • Sonangol and Total launch network of service stations in Angola
    22 december 2018 18:02:51
    Paris, France (PANA) - Total and Angolan state-owned Sonangol oil company have signed an agreement to create a joint venture for developing, distribution and marketing petroleum products in Angola. Full text...

  • The 54th ECOWAS Ordinary Summit opens in Abuja
    22 december 2018 16:51:26
    Abuja, Nigeria (PANA) - The 54th Ordinary Summit of the Economic Community of West African States (ECOWAS) opened on Saturday in Abuja, Nigeria, with a welcome note from Nigerian President Muhammadu Buhari, who is current Chair of the ECOWAS Authority of Heads of State and Government. Full text...

  • IMF indicates ‘favourable medium-term outlook’ for Guinea
    22 december 2018 13:33:14
    Conakry, Guinea (PANA) – Guinea’s strong economic growth momentum continues, and the medium-term outlook is favourable, according to International Monetary Fund (IMF) Deputy Managing Director Tao Zhang. Full text...

  • IMF Board approves US$25.1m credit facility for Burkina Faso
    22 december 2018 10:04:08
    Ouagadougou, Burkina Faso (PANA) – Agreeing that Burkina Faso faces large social and physical infrastructure gaps, a deteriorating security situation, and unease among the rapidly-expanding population about economic prospects, the International Monetary Fund (IMF) Executive Board has approved US$25.1m disbursement to the country under its Extended Credit Facility (ECF) arrangement. Full text...

  • IMF Board approves US$48.6m disbursement to Chad
    22 december 2018 09:28:12
    Ndjamena, Chad (PANA) – The Executive Board of the International Monetary Fund (IMF has completed the third review of Chad’s economic and financial programme supported by an Extended Credit Facility (ECF) and approved a US$48.6 million disbursement to the north-central Africa country. Full text...

  • IMF says Kenya’s external buffers remain healthy with forex reserves at US$8bn
    22 december 2018 08:48:04
    Nairobi, Kenya (PANA) – Kenya’s external current account deficit narrowed to 5.3 percent of GDP in the year to September 2018 from 6.3 percent of GDP in 2017, reflecting improved agriculture exports, rising tourism receipts, strong diaspora remittances, and lower Standard Gauge Railway-related capital goods imports, according to a brief by the International Monetary Fund (IMF) staff team. Full text...

  • Saturday’s forex rates for Gambian Dalasi
    22 december 2018 07:49:42
    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...

  • BP announces final investment decision for Mauritania-Senegal LNG development
    21 december 2018 19:09:03
    Noukachott, Mauritania (PANA) – BP and partners on Friday announced agreement of the Final Investment Decision (FID) for Phase 1 of the innovative cross-border Greater Tortue Ahmeyim development project off the coast of Mauritania and Senegal. Full text...

  • Mauritania, Senegal firm up deal on joint investment in offshore gas project
    21 december 2018 18:43:06
    Nouakchott, Mauritania (PANA) – Mauritanian and Senegalese presidents Mohamed ould Abdel Aziz and Macky Sall respectively on Friday presided over the signing of a series of agreements on investment in a cross-border offshore gas project, Tortue/Ahmeyim. Full text...

  • Niger to set up 20 MW solar plant for power supply in Niamey
    21 december 2018 14:33:32
    Niamey, Niger (PANA) - Niger's Council of Ministers on Friday approved a credit agreement worth 23.5 million Euros with the French Development Agency (AFD) for funding a 20 MW solar PV plant to be built on Gorou Banda plateau in Niamey. Full text...

  • ECOWAS single currency: 'One of the biggest issues'
    21 december 2018 13:03:25
    Niamey, Niger (PANA) - The accomplishment of a single currency for the Economic Community of West African States (ECOWAS) is one of the biggest issues for Heads of State of member countries for a real affirmation of regional integration, reports the Niger pro-government news weekly Sahel Dimanche. Full text...

  • Friday's forex rates for the Mauritanian Ouguiya
    21 december 2018 11:27:24
    Nouakchott, Mauritania (PANA) – Following are Friday’s exchange rates for the Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Friday’s forex rates for the Gambian Dalasi
    21 december 2018 09:59:36
    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 forex rates for the Mauritian Rupee
    21 december 2018 08:42:20
    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...

  • Kenyan authorities suspend demolition of 'illegally acquired' properties
    20 december 2018 17:58:07
    Nairobi, Kenya (PANA) - The Kenyan Government on Thursday suspended the ongoing demolition of property across the country until further notice. Full text...

  • Ghassan Salamé calls on Libyans to leave oil out of clashes
    20 december 2018 17:39:20
    Tripoli, Libya (PANA) - The UN Secretary-General's Special Envoy and Head of the UN Support Mission in Libya (UNSMIL), Ghassan Salamé, has urged Libyans not to use oil as "hostage" or something that they should "loot". Full text...

  • Only 21 per cent of Burkina Faso's population has access to electricity
    20 december 2018 14:07:47
    Ouagadougou, Burkina Faso (PANA) - Only 21 percent of Burkina Faso's 18 million citizens have access to electricity. Full text...

  • Liptako Gourma Council of Ministers to hold 55th session on Friday
    20 december 2018 13:54:21
    Bamako, Mali (PANA) - The 55th Ordinary Session of the Council of Ministers of the Liptako-Gourma member countries - Burkina Faso, Mali and Niger - will open on Friday in Bamako. Full text...

  • AfDB grants $66.5 million for infrastructure projects in Burundi
    20 december 2018 13:42:06
    Bujumbura, Burundi (PANA) - The African Development Bank (AfDB) is to finance the construction of a regional road linking Burundi to neighbouring Tanzania. Full text...

  • Thursday's forex rates for the Mauritanian Ouguiya
    20 december 2018 10:51:09
    Nouakchott, Mauritania (PANA) – Following are Thursday’s exchange rates for the Ouguiya, as issued by the central bank of Mauritania. Full text...

  • Thursday’s forex rates for the Gambian Dalasi
    20 december 2018 09:35:44
    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...

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