Economy -
  • 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...

  • Tuesday's forex rates for the Mauritian Rupee
    30 october 2018 08:25:55
    Port-Louis, Mauritius (PANA) - Following are Tuesday's foreign exchange rates for the Mauritian Rupee as issued by the Mauritian Commercial Bank: Full text...

  • Tuesday’s forex rates for the Gambian Dalasi
    30 october 2018 07:52:36
    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 Rwandan Franc
    30 october 2018 07:49:56
    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...

  • Ryanair launches direct flight between Athens and Marrakech
    29 october 2018 16:58:53
    Athens, Greece (PANA) - Ryanair, the European low-cost airline, on Monday launched a direct flight service linking the Greek capital, Athens, and the Moroccan touristic destination, Marrakech . Full text...

  • Monday's forex rates for Rwandan Franc
    29 october 2018 16:38:17
    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...

  • AfDB releases 30 million Euros to Mali Development Bank
    29 october 2018 13:04:15
    Bamako, Mali (PANA) – The African Development Bank (AfDB) has given 30 million Euros (about 20 billion CFAF) to the Mali Development Bank (BDM) to finance several investment projects, sources at the Malian bank told PANA on Monday. Full text...

  • Monday's forex rates for the CFA Franc in Central Africa
    29 october 2018 11:24:01
    Libreville, Gabon (PANA) - Following are Monday’s exchange rates for the CFA Franc, as issued by the Bank of Central African States. Full text...

  • Monday's exchange rates for the Ghana cedi
    29 october 2018 09:37:26
    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 the Mauritian Rupee
    29 october 2018 08:47:23
    Port-Louis, Mauritius (PANA) - Following are Monday's foreign exchange rates for the Mauritian Rupee as issued by the Mauritian Commercial Bank: Full text...

  • Monday’s forex rates for the Gambian Dalasi
    29 october 2018 08:41:05
    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...

  • Kenya Airways begins direct flights to New York
    29 october 2018 05:12:15
    Nairobi, Kenya (PANA) - Kenya Airways launched direct flights to New York on Sunday, making Kenya to become the eighth African country to have direct flights to the US, officials said. Full text...

  • Tunisian president to attend Berlin mini-summit Tuesday
    28 october 2018 20:03:34
    Tunis, Tunisia (PANA) - The Tunisian president, Béji Caïd Essebsi, will Tuesday take part in a mini-summit of leaders of African countries, under the German initiative for a partnership with Africa. Full text...

  • Financial misappropriation discovered in two Benin ministries
    28 october 2018 12:07:04
    Cotonou, Benin (PANA) - An investigation by the government of the Republic of Benin has uncovered a huge financial misappropriation, amounting to 682,886,284 CFA Francs, in the ministries of quality of life, and sustainable development. Full text...

  • Libya's oil and gas revenues drop by $445 million in August
    27 october 2018 14:32:35
    Tripoli, Libya (PANA) - The Libyan National Oil Company (NOC) says that oil and gas revenues for August 2018 amounted to $1.57 billion, down $455 million compared with the previous month. Full text...

  • Saturday's forex rates for the Mauritanian Ouguiya
    27 october 2018 11:24:34
    Nouakchott, Mauritania (PANA) - The following are Saturday's foreign exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Ratings agency flags South Africa's jittery economy
    26 october 2018 19:41:52
    Cape Town, South Africa (PANA) - International Ratings Agency, Moody's, on Friday said a weaker fiscal outlook in South Africa's medium-term budget policy statement, issued this week, was a credit negative. The notice triggered an immediate fall in the jittery Rand currency. Full text...

  • Kenya's Energy regulator steps up testing of imported LPG
    26 october 2018 18:47:59
    Nairobi, Kenya (PANA) - As the uptake of Liquefed Petroleum Gas (LPG) increases, Kenya's Energy Regulatory Commission (ERC) says it is keen to ensure that LPG sold in the market meets local and international standards thereby enhancing safety during use. Full text...

  • AfDB urges power sector to capitalize on women’s capabilities
    26 october 2018 14:09:38
    Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) Group, in partnership with the French Development Agency, Association of Power Utilities of Africa and African Network of Centers of Excellence (ANCEE), have organized a three-day seminar on “Promoting Gender Equality in the African Power Sector” at the Bank’s headquarters in Abidjan. Full text...

  • ADF grants US$ 195 million loan for East Africa’s One Stop Border Post Project
    26 october 2018 13:51:21
    Abidjan, Cote d'Ivoire (PANA) - The African Development Fund, the concessional arm of the African Development Bank (AfDB), has granted loans of US$107 million to Kenya and US$88 million to Tanzania to build a modern and more efficient “One Stop Border Post”. Full text...

  • Friday's forex rates for the Mauritanian Ouguiya
    26 october 2018 11:59:39
    Nouakchott, Mauritania (PANA) – Following are Friday’s exchange rates for the Ouguiya, as issued by the central bank of Mauritania. Full text...

  • 15th International Ouagadougou Craft Industry Fair opens
    26 october 2018 10:56:08
    Ouagadougou, Burkina Faso (PANA) – Burkina Faso's president Roch Marc Christian Kaboré and Governor-General of Canada, Julie Payette, on Friday attended the opening of the 15th edition of the International Craft Industry Fair of Ouagadougou. Full text...

  • Gabon to improve its hydrocarbon laws
    26 october 2018 10:43:19
    Libreville, Gabon (PANA) - Gabon has received external assistance to broaden the drafting of a new new hydrocarbon law to satisfy international partner organizations and operators in the oil sector, PANA learned on Friday from the ministry of Oil and Hydrocarbons. Full text...

  • Friday's forex rates for the CFA Franc in Central Africa
    26 october 2018 08:57:20
    Libreville, Gabon (PANA) - Following are Friday’s exchange rates for the CFA Franc, as issued by the Bank of Central African States. Full text...

  • Friday's forex rates for Rwandan Franc
    26 october 2018 08:54:56
    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 Mauritian Rupee
    26 october 2018 07:57:29
    Port-Louis, Mauritius (PANA) - Following are Friday's foreign exchange rates for the Mauritian Rupee as issued by the Mauritian Commercial Bank: Full text...

  • Friday’s forex rates for the Gambian Dalasi
    26 october 2018 07:41:47
    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...

  • Thursday's forex rates for Rwandan Franc
    25 october 2018 15:37:09
    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
    25 october 2018 10:26:06
    Nouakchott, Mauritania (PANA) - The following are Thursday's foreign exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Côte d'Ivoire attends 11th World Policy Conference in Morocco
    25 october 2018 09:14:28
    Abidjan, Côte d'Ivoire (PANA) – The Ivorian Prime Minister, Amadou Gon Coulibaly, is leading a high-level delegation to attend the 11th edition of the World Policy Conference (WPC) that opens on Thursday in the Moroccan capital, Rabat, on the theme "Forces and weaknesses of Africa today." Full text...

  • Thursday's forex rates for the Mauritian Rupee
    25 october 2018 09:07:27
    Port-Louis, Mauritius (PANA) - Following are Thursday's foreign exchange rates for the Mauritian Rupee as issued by the Mauritian Commercial Bank: Full text...

  • Thursday’s forex rates for the Gambian Dalasi
    25 october 2018 07:33:57
    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...

  • Funding boost for sustainable development data agreed at UN conference
    25 october 2018 05:06:35
    Dubai, UAE (PANA) - In a declaration agreed at the close of the 2018 UN World Data Forum in Dubai on Wednesday, leaders in the field agreed on measures to boost funding for data and statistical analysis, to speed up progress towards the 2030 Sustainable Development Goals. Full text...

  • Wednesday's forex rates for the Mauritian Rupee
    24 october 2018 10:46:53
    Port-Louis, Mauritius (PANA) - Following are Wednesday's foreign exchange rates for the Mauritian Rupee as issued by the Mauritian Commercial Bank: Full text...

  • Wednesday's exchange rates for Ghana cedi
    24 october 2018 10:17:06
    Accra, Ghana (PANA) - The following are Wednesday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Wednesday's forex rates for the Mauritanian Ouguiya
    24 october 2018 10:16:30
    Nouakchott, Mauritania (PANA) - The following are Wednesday's foreign exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • 'Public and private funding can end poverty and hunger'
    24 october 2018 08:57:23
    Marrakesh, Morocco (PANA) - Public funding alone is not enough to achieve the Sustainable Development Goals (SDGs), and development and international financing institutions must collaborate more strategically to leverage private investments. Full text...

  • Wednesday’s forex rates for the Gambian Dalasi
    24 october 2018 08:43:11
    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...

  • AfDB headlines strong performance ahead of key investment forum
    23 october 2018 17:40:51
    Johannesburg, South Africaq (PANA) - Ahead of its maiden African Investment Forum next month, the African Development Bank (AfDB) continues to see another year of sustained indicators, underlined by a stellar Triple A rating by all three major agencies and sharply increased earnings. Full text...

  • AfDB launches landmark US$500 million credit insurance deal with partners
    23 october 2018 17:34:24
    Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) and the African Trade Insurance Agency (ATI) have announced the successful completion of a US$500 million credit insurance deal structured to cover a portion of the Bank’s portfolio of non-sovereign operations in Africa. Full text...

  • 2018 mid-term review of ADF (A Feature by AfDB)
    23 october 2018 17:28:59
    Kigali, Rwanda (PANA) - “The Bank knows how much more still needs to be done in the economic transformation of Africa. This is why being fit for purpose in every respect is necessary for improving development impacts, attracting more private sector participation, and providing excellent value for money for member countries, beneficiaries, and funders.” Full text...

  • South Africa’s mass transit sector secures US$ 100 million AfDB loans
    23 october 2018 16:33:43
    Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) has approved over US$100 million in loans to South Africa's Taxi Development Finance Limited, a wholly owned subsidiary of SA Taxi Finance Holdings Proprietary Limited, a vertically integrated business platform that provides a comprehensive financial and allied services offering to minibus taxi operators. Full text...

  • EU, Gambia signs sustainable fishing partnership agreement
    23 october 2018 13:41:48
    Banjul, Gambia (PANA) - The European Union (EU) and the government of the Gambia have signed a new sustainable fishing partnership agreement (SFPA), 22 years after the previous protocol expired. Full text...

  • Sudan to issue higher value banknotes
    23 october 2018 11:48:19
    Khartoum, Sudan (PANA) - Sudan’s central bank, Bank of Sudan, has formally announced the issuance of three new banknotes of higher values. Full text...

  • Tuesday's forex rates for the Mauritanian Ouguiya
    23 october 2018 11:24:46
    Nouakchott, Mauritania (PANA) - The following are Tuesday's foreign exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Burkina Faso launches 75 billion CFAF bond
    23 october 2018 10:10:48
    Ouagadougou, Burkina Faso (PANA) - The government of Burkina Faso on Monday in Ouagadougou launched a bond to mobilise 75 billion CFAF to fund development projects. Full text...

  • 3rd EU-Arab World Summit kicks off next week in Athens
    23 october 2018 09:45:34
    Athens, Greece (PANA) - Political leaders from the European Union (EU) and the Arab world will meet in Athens for the 3rd EU-Arab World Summit from 29-30 October, the organisers announced on Tuesday. Full text...

  • Benin-Nigeria joint control post to be inaugurated on Tuesday
    23 october 2018 09:28:59
    Cotonou, Benin (PANA) - The presidents of Benin and Nigeria will on Tuesday inaugurate the joint control post of Sèmè-Kraké, located 30 km east of Cotonou, a statement by the Economic Community of West African States (ECOWAS) said. Full text...

  • Tuesday's forex rates for the Mauritian Rupee
    23 october 2018 07:57:12
    Port-Louis, Mauritius (PANA) - Following are Tuesday's foreign exchange rates for the Mauritian Rupee as issued by the Mauritian Commercial Bank: Full text...

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