Economy -
  • Tanzania: WB-IMF report assesses progress on development goals
    08 october 2014 14:16:02
    Dar es Salaam, Tanzania (PANA) - Much more work needs to be done to end poverty and close the gap in living standards between those in the bottom 40 percent and the top 60 percent of the population around the world, according to the Global Monitoring Report (GMR 2014/2015), released Wednesday by the World Bank (WB) and the International Monetary Fund (IMF). Full text...

  • Nigeria: Work resumes after Muslim festival
    08 october 2014 13:04:57
    Lagos, Nigeria (PANA) - Workers across Nigeria returned to their offices and students in public schools in 11 states resumed for the new academic year Wednesday, after the long holiday weekend to mark the Muslim festival of Eid Eil Kabir. Full text...

  • Cote d'Ivoire: AfDB to finance biomedical science centres in East Africa with US$98m
    08 october 2014 12:39:27
    Abidjan, Cote d'Ivoire (PANA) - The board of directors of the African Development Bank (AfDB) has approved loans totaling US$ 98.22 million with which to build the first phase of centres of excellence in biomedical sciences in four East African countries, according to a statement from the financial institution, received here by PANA. Full text...

  • Tanzania: IMF urges CEMAC to foster innovative finance, step financial inclusion
    08 october 2014 11:50:19
    Dar es Salaam, Tanzania (PANA) - Regulations put in place by the Central African Economic and Monetary Community (CEMAC) should foster innovative finance such as mobile banking, as they lower transaction costs and would allow offering financial services at lower costs, thereby widening their usage, the International Monetary Fund (IMF) has recommended in a new report. Full text...

  • Senegal: Wednesday’s forex rates for Gambian Dalasis
    08 october 2014 10:07:22
    Dakar, Senegal (PANA) - The following are Wednesday’s exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Ghana: Wednesday's exchange rates for Ghana cedi
    08 october 2014 10:03:42
    Accra, Ghana (PANA) - The following are Wednesday's average inter-bank exchange rates for the Ghana cedi, as announced by the Ghana Association of Bankers: Full text...

  • Mauritius: Wednesday's forex rates for Rupee
    08 october 2014 10:01:32
    Port-Louis, Mauritius (PANA) - Following are Wednesday's exchange rates for the Mauritian Rupee: Full text...

  • Tanzania: Wednesday's forex rates for Shilling
    08 october 2014 07:10:30
    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...

  • US: IMF says Rwanda's economic performance favourable
    07 october 2014 19:33:06
    New York, US (PANA) - The International Monetary Fund (IMF) on Tuesday said Rwanda's economic performance is favourable and the growth in various sectors of the economy is also satisfactory. Full text...

  • Malawi: First 'cashgate' convict gets 3-year jail term
    07 october 2014 15:44:02
    Blantyre, Malawi (PANA) - The High Court in the Malawi capital, Lilongwe, Tuesday sentenced former Tourism Principal Secretary Treza Senzani, the first Malawian top official to be sentenced for systematic theft of government money, to three years imprisonment with hard labour. Full text...

  • Senegal: Tuesday’s forex rates for Gambian Dalasis
    07 october 2014 13:11:11
    Dakar, Senegal (PANA) - The following are Tuesday’s exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Chad: Serious fuel shortage reported in Chadian capital
    07 october 2014 11:26:03
    N’Djamena, Chad (PANA) - N'Djamena, the Chadian capital, has been hit by a serious fuel shortage that has caused long vehicular queues at filling stations for several days, PANA reported Tuesday. Full text...

  • Nigeria: Govt wants EU to invest in Dev Bank
    07 october 2014 10:00:46
    Lagos, Nigeria (PANA) - The Nigerian government has called on the European Union (EU) to invest in the proposed Wholesale Development Bank in Nigeria through its development financing outfit, the European Development Bank (EIB), according to local media reports. Full text...

  • Zambia: Tuesday’s exchange rates for Kwacha
    07 october 2014 08:56:28
    Lusaka, Zambia (PANA) - The following are Tuesday's exchange rates for the Zambian kwacha, as released by the Bank of Zambia: Full text...

  • Mauritius: Tuesday's forex rates for Rupee
    07 october 2014 08:45:25
    Port-Louis, Mauritius (PANA) - The following are Tuesday's exchange rates for the Mauritian Rupee: Full text...

  • Ghana: Tuesday's exchange rates for Ghana cedi
    07 october 2014 08:03:57
    Accra, Ghana (PANA) - The following are Tuesday's average inter-bank exchange rates for the Ghana cedi, as announced by the Ghana Association of Bankers: Full text...

  • Tanzania: Tuesday's forex rates for Shilling
    07 october 2014 08:02:26
    Dar es Salaam, Tanzania (PANA) - Following are Tuesday's exchange rates for the Tanzania Shilling, as issued by the Bank of Tanzania: Full text...

  • Mauritius: 'High level of financial inclusion in Mauritius'
    06 october 2014 14:49:03
    Port-Louis, Mauritius (PANA) - Revealing that the level of financial inclusion is high in Mauritius, a survey by the FinScope Consumer Mauritius 2014 has shown that about 90% of adults, aged 18 years and above, have access to financial services with only 10% not using any formal or informal financial product or service to manage their finances. Full text...

  • Zambia: Kwacha expected to remain stable
    06 october 2014 14:32:30
    Lusaka, Zambia (PANA) – The Zambian Kwacha is expected in the interim to remain stable, with minimal resistance to the current levels, Cavmont Bank stated Monday. Full text...

  • Mauritius: Monday's forex rates for Rupee
    06 october 2014 10:31:24
    Port-Louis, Mauritius (PANA) - Following are Monday's exchange rates for the Mauritian Rupee: Full text...

  • Tanzania: Monday's forex rates for Shilling
    06 october 2014 08:27:03
    Dar es Salaam, Tanzania (PANA) - Following are Monday's exchange rates for the Tanzania Shilling, as issued by the Bank of Tanzania: Full text...

  • Cote d’Ivoire: AfDB approves 100-million-euro loan for Morocco
    05 october 2014 08:11:23
    Abidjan, Cote d'Ivoire (PANA) – The African Development Bank (AfDB) has approved a loan of 100 million euros for Morocco to support the African country’s financial sector, PANA reported from here, quoting a communique issued this weekend. Full text...

  • Kenya: Business confidence rises strongly on economic re-basing 
    04 october 2014 15:54:34
    Nairobi, Kenya (PANA) - Kenya's business sentiment rose strongly in September to 63.3 from 56.0 in August, despite the slowdown in the tourism sector due to a series of terrorist attacks. Full text...

  • Zambia: Zambian currency, Kwacha, trades on Johannesburg Stock Exchange
    04 october 2014 15:30:26
    Lusaka, Zambia (PANA) - The Zambian Kwacha has broken new grounds after it was listed on the Johannesburg Stock Exchange (JSE) on Friday as one of the three African currencies through which investors, as well as importers and exporters, will now be able to protect themselves against currency fluctuations in the three countries. Full text...

  • Tanzania: IMF tips Ethiopia on export competitiveness
    04 october 2014 10:32:54
    Dar es Salaam, Tanzania (PANA) - Ethiopia could improve its export competitiveness by reducing overvaluation of the real effective exchange rate through enhanced exchange rate flexibility, the Executive Board of the International Monetary Fund (IMF) has suggested. Full text...

  • Tanzania: IMF helps member countries move from stabilisation to sustainable growth
    04 october 2014 10:19:19
    Dar es Salaam, Tanzania (PANA) - Seven years after the onset of the global financial crisis, the world is yet to secure a sustainable recovery marked by strong growth that supports rapid job creation and benefits all, according to International Monetary Fund (IMF) Managing Director Christine Lagarde. Full text...

  • Nigeria: Friday's foreign exchange rates in Nigeria
    03 october 2014 22:36:25
    Lagos, Nigeria (PANA) - Following are Friday's exchange rates for the Nigerian currency, the Naira, against other currencies, as released by the Central Bank of Nigeria (CBN). Full text...

  • Ghana: Independent power producer secures US$900m to build 350MW plant in Ghana
    03 october 2014 20:37:41
    Accra, Ghana (PANA) - An Independent Power Producer (IPP) announced on Friday that it has secured US$900 million required to finance a 350MW project in Ghana. Full text...

  • Burkina Faso: Turnover from mining societies to alleviate poverty in Burkina Faso
    03 october 2014 14:13:49
    Ouagadougou, Burkina Faso (PANA) – Civil society organizations in Ouagadougou Thursday asked parliamentarians to obtain from mining societies 1% of their turnover for the benefit of poverty-stricken local councils in Burkina Faso, PANA reported from here. Full text...

  • Zambia: Kwacha slightly depreciates against US dollar
    03 october 2014 13:57:13
    Lusaka, Zambia (PANA) – Thursday's trading session saw the Kwacha hover near the K6.300 / $1 barrier; owing to a slight increase in Dollar demand on interbank. Full text...

  • Senegal: Friday’s forex rates for the Gambian Dalasis
    03 october 2014 10:47:04
    Dakar, Senegal (PANA) - Following are Friday’s exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Ghana: Friday's exchage rates for Ghana cedi
    03 october 2014 09:47:50
    Accra, Ghana (PANA) - The following are Friday's average inter-bank exchange rates for the Ghana cedi, as announced by the Ghana Association of Bankers: Full text...

  • Tanzania: IMF Mission approves Côte d’Ivoire's budget execution
    03 october 2014 09:08:17
    Dar es Salaam, Tanzania (PANA) - Côte d’Ivoire's real Gross Domestic Product (GDP) growth is expected to reach about 8 percent in 2014 and 2015, according to a staff team of the International Monetary Fund (IMF) that has just concluded a two-week working visit to the West African country. Full text...

  • Tanzania: Friday's forex rates for Shilling
    03 october 2014 08:54:01
    Dar es Salaam, Tanzania (PANA) - Following are Friday's foreign exchange rates for the Tanzania Shilling, as issued by the Bank of Tanzania: Full text...

  • Mauritius: Friday's forex rates for Rupee
    03 october 2014 08:52:53
    Port-Louis, Mauritius (PANA) - Following are Friday's foreign exchange rates for the Mauritian Rupee: Full text...

  • Tanzania: IMF Executive Board hails Kenya's market-friendly reforms
    02 october 2014 18:01:46
    Dar es Salaam, Tanzania (PANA) - The International Monetary Fund (IMF) Executive Board Thursday commended Kenyan authorities for maintaining macroeconomic stability, introducing important market-friendly reforms, and for Kenya’s successful debut Eurobond issuance. Full text...

  • Mauritius: Mauritian economy faces bleak prospects in 2014
    02 october 2014 16:33:20
    Port Louis, Mauritius (PANA) – Mauritian Deputy Prime Minister and Acting Finance Minister Rashid Beebeejaun Thursday said that economic growth in the island will reach 3.5% in 2014 as compared to 3.8% to 4% estimated at the beginning of the year. Full text...

  • Kenya: Kenya's Safaricom cancels cheaper int'l roaming service launch
    02 october 2014 14:15:32
    Nairobi, Kenya (PANA) - Kenyan mobile phone company, Safaricom, has cancelled plans to introduce cheaper roaming international call tariff after the Rwandan government slapped taxes on international calls, company executives said. Full text...

  • Ethiopia: Africa's airlines face tough future with Ebola spread to US - Analysts
    02 october 2014 13:12:03
    Addis Ababa, Ethiopia (PANA) - The Ebola spread to the US has created fears that US aviation authorities could slap travel restrictions, which would signal a major crisis for African airlines struggling to make profits, analysts warned in a report on Thursday. Full text...

  • Mauritania: Thursday's forex rates for Ouguiya
    02 october 2014 11:31:11
    Nouakchott, Mauritania (PANA) - Following are Thursday's exchange rates for the Mauritanian Ouguiya: Full text...

  • Libya: Thursday's exchange rates for Libyan Dinar
    02 october 2014 11:29:14
    Tripoli, Libya (PANA) - Following are Thursday's exchange rates for the Libyan Dinar: Full text...

  • Senegal: Thursday’s forex rates for Gambian Dalasis
    02 october 2014 11:25:55
    Dakar, Senegal (PANA) - Following are Thursday’s exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Mauritius: Thursday's forex rates for Rupee
    02 october 2014 11:24:15
    Port-Louis, Mauritius (PANA) - Following are Thursday's exchange rates for the Mauritian Rupee: Full text...

  • Zambia: Kwacha trades within tight range against US dollar
    02 october 2014 09:59:13
    Lusaka, Zambia (PANA) - The Kwacha has continued to trade within a tight range against the US Dollar, despite other major currencies trading on the back foot against the greenback. Full text...

  • Zambia: Zambia tops landlocked African countries foreign investment inflow
    02 october 2014 08:28:43
    Lusaka, Zambia (PANA) - Zambia has the highest inflow of Foreign Direct Investment (FDI) among the 16 Landlocked Developing Countries in Africa, according to the UN Conference on Trade and Development (UNCTAD). Full text...

  • Tanzania: Thursday's forex rates for Shilling
    02 october 2014 07:56:59
    Dar es Salaam, Tanzania (PANA) - Following are Thursday's foreign exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania: Full text...

  • Ghana: Thursday's exchange rates for Ghana cedi
    02 october 2014 07:52:05
    Accra, Ghana (PANA) - The following are Thursday's average inter-bank exchange rates for the Ghana cedi, as announced by the Ghana Association of Bankers: Full text...

  • Tanzania: IMF team sees threats to Algeria's macroeconomic stability growing
    01 october 2014 21:05:38
    Dar es Salaam, Tanzania (PANA) - For the first time in nearly 15 years, Algeria's current account is expected to record a deficit as slumping hydrocarbon production, strong domestic hydrocarbon consumption, and lower oil prices weigh on exports, while imports continue to grow, a visiting staff team of the International Monetary Fund (IMF) has observed. Full text...

  • Kenya: Kenya rises to Africa's ninth largest economy after rebasing
    01 october 2014 15:23:48
    Nairobi, Kenya (PANA) - Kenya has jumped to Africa’s ninth largest economy with an average income of US$1,246 and a Gross Domestic Product (GDP) size of US$55.2 billion, down from the previous US$44.1 billion, PANA reported. Full text...

  • Malawi: First 'cashgate' case sentencing shifted to Monday
    01 october 2014 14:25:33
    Blantyre, Malawi (PANA) - Sentencing in the first cashgate case has been shifted to Monday, 6 October. Full text...

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