Blantyre, Malawi (PANA) - Malawi plans to send 100,000 of its young people to work in South Korea as one of the Joyce Banda administration's moves to ease unemployment and reduce poverty in the southern African country, a senior minister has disclosed. Full text...

Brussels, Belgium (PANA) – The European Union’s Foreign Affairs ministers on Monday met in Brussels, the Belgian capital, to discuss the budget to be provided for the African Caribbean and Pacific countries for the period 2014-2020, within the framework of the 11th European Development Fund (FED), PANA reported here. Full text...

Dakar, Senegal (PANA) – Following are Monday's foreign exchange rates for the Gambian currency, the Dalasis (D): Full text...

Dakar, Senegal (PANA) – The 48th annual meetings of the African Development Bank (AfDB) opened Monday in Marrakech, Morocco, with a focus on the need for Africa to turn its economic growth into truly ''shared and sustainable economic transformation in the next half century''. Full text...

Lusaka, Zambia (PANA) – Following are Monday's foreign exchange rates for the Zambian kwacha: Full text...

Brazzaville, Congo (PANA) - The Qatari national oil company, Qatar Petroleum (QP), has acquired a 15 per cent stake in the exploration and production subsidiary of Total Congo, the Congolese Ministry of Hydrocarbons announced in a statement here Monday Full text...

Port Louis, Mauritius (PANA) - Following are Monday's exchange rates for the Mauritian rupee: Full text...

Lagos, Nigeria (PANA) - Nigerian NGO Socio-Economic Rights and Accountability Project (SERAP) has asked the country's federal government to provide information on how it spent the 700 billion naira it borrowed between 31 Dec. 2012 and 30 April, 2013, and also to introduce a moratorium on borrowing (US$1=155 naira). Full text...

Nouakchott, Mauritania (PANA) - Following are Monday's exchange rates for the Mauritanian Ouguiya: Full text...

Libreville, Gabon (PANA) - Following are Monday's exchange rates for the CFA issued by the Bank of Central African States (BEAC): Full text...

Dar es Salaam, Tanzania (PANA) - Following are Monday's exchange rates for the Tanzanian shilling: Full text...

Nouakchott, Mauritania (PANA) - The second edition of the Nouakchott Economic Forum kicked off Sunday in Mauritania under the theme ‘Diaspora and Investment in Mauritania’, PANA reported. Full text...

Addis Ababa, Ethiopia (PANA) – A web-based portal, called Virtual PIDA Information Centre (VPiC), was launched here Saturday as an innovative approach to storing and disseminating information about the African Union’s regional infrastructure programmes. Full text...

Lagos, Nigeria (PANA) - Here are the week's last exchange rates Friday for the Nigerian currency, the Naira: Full text...

Abidjan, Cote d'Ivoire (PANA) – An information centre for traders, provided by the US government, was opened Thursday in Noé, on the border between Côte d'Ivoire and Ghana -- an initiative of ECOWAS and its partners, according to diplomatic sources. Full text...

Lagos, Nigeria (PANA) - Africa's umbrella workers union, the Organisation of African Trade Union Unity (OATUU), has commended the continent's founding fathers and other leaders for their vision, sacrifice and contributions towards Africa's socio-political and economic emancipation. Full text...

Libreville, Gabon (PANA) - Following are the latest exchange rates for the CFA issued by the Bank of Central African States (BEAC) Friday: Full text...

Tripoli, Libya (PANA) - Libya, Egypt and Sudan have agreed on tripartite development pact in the areas of energy, food security, telecommunications as well as information and communications technology. Full text...

Dakar, Senegal (PANA) - Following are Friday's exchange rates for the Gambian currency, the Dalasis (D): Full text...

Dar es Salaam, Tanzania (PANA) - Following are Friday's exchange rates for the Tanzanian shilling: Full text...

Lagos, Nigeria (PANA) - Nigeria's second largest airline, Aero Contractors, is due to begin flights to Douala, Cameroon's largest city, from Nigeria's economic capital city of Lagos on 27 May, the airline announced. Full text...

Lagos, Nigeria (PANA) - Here are Thursday's foreign exchange rates for the Nigerian currency, the Naira: Full text...

New York, US (PANA) - A UN report, released on Thursday, said global economic growth would continue to be “below potential” this year, noting that, "job creation will be vital to spur recovery". Full text...

Kigali, Rwanda (PANA) – Here are Thursday's foreign exchange rates for the Rwandan francs: Full text...

Addis Ababa, Ethiopia (PANA) - The Board of Directors of the African Development Bank (AfDB) has approved a US$ 20 million Trade Finance Line of Credit for UT Bank Ghana (UT Bank) to support the trade finance activities of small and medium enterprises (SMEs) and local corporates in Ghana, it was announced Thursday. Full text...

Addis Ababa, Ethiopia (PANA) – The African Union Commission (AUC) is set to hit the ground running come January 2014 after the Executive Council approved a budget of US$308 million for the organisation’s annual activities, the Commission’s Deputy Chairperson, Erastus Mwencha, said here Thursday. Full text...

Lusaka, Zambia (PANA) – Following are Thursday's foreign exchange rates for the Zambian kwacha: Full text...

Libreville, Gabon (PANA) – Following are Thursday's foreign exchange rates for the CFA in central African States: Full text...

Port-Louis, Mauritius (PANA) - Following are Thursday's exchange rates for the Mauritian rupee: Full text...

Nouakchott, Mauritania (PANA) - Following are Thursday's exchange rates for the Mauritanian Ouguiya: Full text...

New York, US (PANA) - The Executive Board of the International Monetary Fund (IMF) on Wednesday completed the first review of The Gambia’s economic performance under a programme supported by the Extended Credit Facility (ECF) arrangement. Full text...

Lagos, Nigeria (PANA) - Governor of the Central Bank of Nigeria (CBN) Sanusi Lamido Sanusi has assured of the readiness of the apex bank to provide a secure and accessible payment infrastructure. Full text...

Dar es Salaam, Tanzania (PANA) - Following are Thursday's exchange rates for the Tanzanian shilling: Full text...

Lagos, Nigeria (PANA) - Following are Wednesday's foreign exchange rates in Nigeria: Full text...

Port-Louis, Mauritius (PANA) – Following are Wednesday's foreign exchange rates for the Mauritian rupee: Full text...

Lagos, Nigeria (PANA) - Apparently jolted by Monday's arrest of two of its crew members in London for alleged drug trafficking and possession of banned substances, Nigeria's largest carrier Arik Air has vowed to prevent a similar incident in future. Full text...

Blantyre, Malawi (PANA) - Malawi President Joyce Banda has lived up to her vow to sell off the presidential jet which her predecessor bought in controversial circumstances. Full text...

Nouakchott, Mauritania (PANA) - Following are Wednesday's exchange rates for the Mauritanian Ouguiya: Full text...

Dar es Salaam, Tanzania (PANA) - Following are Wednesday's exchange rates for the Tanzanian shilling: Full text...

Lagos, Nigeria (PANA) - Here are Tuesday's foreign exchange rates for the Nigerian currency, the Naira: Full text...

Lagos, Nigeria (PANA) - Two crew members of Nigeria's Arik Air were arrested in London on Monday over alleged drug trafficking, according to the National Drug Law Enforcement Agency (NDLEA). Full text...

Abuja, Nigeria (PANA) - The reigning ECOWAS Peace Ambassador, Ms Hyeladzirra “Zirra” Banu, has called on ECOWAS governments and institutions to empower and create more opportunities for the youth as part of efforts to promote peace and stability and facilitate the region’s development. Full text...

Dakar, Senegal (PANA) – The Gambia is playing host to a five-day sub-regional workshop on fundamentals of ''macroeconomic analysis'' which opened on Monday in the country's second city of Serre Kunda. Full text...

Libreville, Gabon (PANA) – Following are Tuesday's foreign exchange rates for the Central African CFA Franc: Full text...

Dakar, Senegal (PANA) – Following are Tuesday's forex rates for the Gambian currency, the Dalasis (D): Full text...

Port-Louis, Mauritius (PANA) – Following are Tuesday's foreign exchange rates for the Mauritian rupee: Full text...

Nouakchott, Mauritania (PANA) – Following are Tuesday's foreign exchange rates for the Mauritanian Ouguiya: Full text...

Addis Ababa, Ethiopia (PANA) - The Economic Community of Central African States (ECCAS), the South African Development Community (SADC) and the Common Market for Eastern and Southern Africa (COMESA) have decided to create a free trade zone in 2014, AU Commissioner for Trade and Industry Fatima Haroun Acyl disclosed. Full text...

Lagos, Nigeria (PANA) - The Nigeria Sovereign Investment Authority (NSIA) has announced the plan to kick off its activities in June with the disbursement of US$850 million out of the US$1 billion set aside for Nigeria's Sovereign Wealth Fund (SWF). Full text...

Dar es Salaam, Ethiopia (PANA) - Following are Tuesday's exchange rates for the Tanzanian shilling: Full text...