Economy -
  • Gambia: Tuesday's forex rates for Gambian Dalasi
    18 july 2017 11:13:53
    Banjul, Gambia (PANA) - The following are Tuesday's foreign exchange rates for the Gambian Dalasi, as issued by the Central Bank of The Gambia. Full text...

  • Cote d'Ivoire: Financial bodies to hold workshops on dev't projects in W. Africa
    18 july 2017 09:50:50
    Abidjan, Cote d'Ivoire (PANA) - Three financial institutions are holding two workshops in the Ivorian city Abidjan in August to brief participants on on the importance of environmental and social safeguard issues in project development. Full text...

  • CAR: IMF approves US$31.8m for CAR's macroeconomic stability
    18 july 2017 07:05:17
    Bangui, Central African Republic (PANA) - Along with ongoing efforts to promote dialogue and national reconciliation in Central African Republic (CAR), sustained implementation of the country's programme on entrenching macroeconomic stability is critical to create fiscal space for development spending, improve the business environment, and foster higher and more inclusive growth, according to the International Monetary Fund (IMF). Full text...

  • US: 'Global problems need global solutions' - UN officials
    18 july 2017 07:01:47
    New York, US (PANA) – Opening the high-level segment of the annual forum designed to discuss implementation of the anti-poverty agenda, top United Nations officials on Monday stressed the importance of multilateralism to address global problems. Full text...

  • US: Top UN official says youth must be given 'skills and capacity'
    18 july 2017 06:09:02
    New York, US (PANA) – Underscoring the importance of well trained and capable youth to realise the opportunities offered by advances in technology and innovation, the President of the United Nations General Assembly on Monday called for building their capacities to ensure that they can fulfil their potential as well as support sustainable development. Full text...

  • Ghana: Tuesday's exchange rates for Ghana cedi
    18 july 2017 05:58:51
    Accra, Ghana (PANA) - The following are Tuesday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Tanzania: Tuesday's exchange rates for Tanzania Shilling
    18 july 2017 05:53:11
    Dar es Salaam, Tanzania (PANA) - The following are Tuesday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • US: UN report urges accelerated efforts to achieve Sustainable Development Goals
    17 july 2017 15:43:29
    New York, US (PANA) – If the world is to eradicate poverty, address climate change and build peaceful, inclusive societies for all by 2030, greater efforts are needed to accelerate progress on the Sustainable Development Goals (SDGs), according to a United Nations report presented on Monday by Secretary-General António Guterres. Full text...

  • Rwanda: Monday's forex rates for Rwandan Franc
    17 july 2017 14:58:23
    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...

  • Mauritius: Mauritius to channel investment into Africa through Mauritius-Africa Fund
    17 july 2017 10:55:06
    Port-Louis, Mauritius (PANA) - Mauritius aims at positioning itself as a secure platform with a strong value proposition for channeling investment into Africa through the Mauritius-Africa Fund that has been revised since 2015 with a view to having bigger impact on facilitation of Mauritian private sector investment in Africa. Full text...

  • Gambia: Monday's forex rates for Gambian Dalasi
    17 july 2017 08:58:57
    Banjul, Gambia (PANA) - The following are Monday's foreign exchange rates for the Gambian Dalasi, as issued by the Central Bank of The Gambia. Full text...

  • Tanzania: Monday's exchange rates for Tanzania Shilling
    17 july 2017 06:53:18
    Dar es Salaam, Tanzania (PANA) - The following are Monday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • Ghana: Monday's exchange rates for Ghana cedi
    17 july 2017 05:31:38
    Accra, Ghana (PANA) - The following are Monday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Guinea: World Bank Vice President for Africa visits Guinea
    15 july 2017 14:17:33
    Conakry, Guinea (PANA) - The World Bank Vice President for Africa, Makhtar Diop is due in Conakry on Saturday for a three-day visit to discuss with President Alpha Condé and Guinean authorities opportunities and priorities for Guinea’s development. Full text...

  • Gambia: Saturday's forex rates for Gambian Dalasi
    15 july 2017 09:15:06
    Banjul, Gambia (PANA) - The following are Saturday's foreign exchange rates for the Gambian Dalasi, as issued by the Central Bank of The Gambia. Full text...

  • Burkina Faso: IMF approves US$6.2m disbursement to Burkina Faso
    15 july 2017 06:56:27
    Ouagadougou, Burkina Faso (PANA) - Affirming that Burkina Faso's economic outlook is positive, owing to a significant increase of public investment as well as positive prospects for the mining and agricultural sectors, the International Monetary Fund (IMF) Executive Board on Friday approved US$6.2 million disbursement under the Extended Credit Facility (ECF) arrangement. Full text...

  • Morocco: AfDB signs risk-sharing agreement with Morocco to boost intra-African trade
    15 july 2017 06:49:28
    Rabat, Morocco (PANA) - The Executive Board of the African Development Bank (AfDB) Group on Friday approved a US$50 million Risk Sharing Agreement (APR) for the benefit of the Central People's Bank (BCP) of Morocco. Full text...

  • Morocco: AfDB approves US$200m for 1st phase of Morocco's industrialization programme
    15 july 2017 06:44:37
    Rabat, Morocco (PANA) - The Executive Board of the African Development Bank (AfDB) Group on Friday approved a loan of US$200 million to finance the first phase of the Industrialization Acceleration Support Programme in Morocco (PAAIM I). Full text...

  • Botswana: Inflation remains stable in Botswana
    14 july 2017 14:26:59
    Gaborone, Botswana (PANA) - Botswana’s inflation rate has remained stable over the past two months, according to Statistics Botswana, which said on Friday that the annual inflation rate in June 2017 was 3.5 percent, the same rate as in May 2017. Full text...

  • US: ‘Our economic advice proven accurate, applicable for sustainable dev't’ - UN
    14 july 2017 11:39:08
    New York. US (PANA) – Economic analysis by the United Nations over the past 70 years has proven to be accurate and can help countries navigate through a difficult current world economic situation and implement the new global development goals, an in-depth review of the analysis has found. Full text...

  • Gambia: Friday's forex rates for Gambian Dalasi
    14 july 2017 08:23:44
    Banjul, Gambia (PANA) - The following are Friday's foreign exchange rates for the Gambian Dalasi, as issued by the Central Bank of The Gambia. Full text...

  • Ghana: Friday's exchange rates for Ghana cedi
    14 july 2017 07:07:20
    Accra, Ghana (PANA) - The following are Friday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Egypt: IMF Board gives Egypt green light to draw US$1.25bn
    14 july 2017 05:52:26
    Cairo, Egypt (PANA) – Egyptian authorities can now draw US$1.25 billion from the Extended Fund Facility (EFF) of the International Monetary Fund (IMF), following completion of the first review of the country’s economic reform programme by the IMF Executive Board on Thursday. Full text...

  • Tanzania: Friday's exchange rates for Tanzania Shilling
    14 july 2017 05:48:52
    Dar es Salaam, Tanzania (PANA) - The following are Friday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • France: UNESCO, World Bank collaborate on Culture, Urban Development, Resilience
    14 july 2017 05:45:19
    Paris, France (PANA) - The Director-General of UNESCO, Irina Bokova, and Sameh Wahba, Director of the Social, Urban, Rural and Resilience Global Practice of the World Bank, on Thursday signed a new Memorandum of Understanding (MoU) at the UNESCO Headquarters in Paris, France, to reinvigorate the two institutions’ joint commitment to advance sustainable development by investing in culture, urban development and resilience in an integrated manner. Full text...

  • Uganda: AfDB approves Uganda’s Country Strategy Paper 2017-2021
    14 july 2017 05:42:50
    Kampala, Uganda (PANA) - The Board of Directors of the African Development Bank Group (AfDB) has approved Uganda’s Country Strategy Paper (CSP) for the period 2017-2021, which focuses on infrastructure development for industrialization; skills and capacity development. Full text...

  • Cote d'Ivoire: AfDB President on 3-day visit to Cameroon
    14 july 2017 05:39:08
    Abidjan, Cote d'Ivoire (PANA) - The President of the African Development Bank Group (AfDB), Dr. Akinwumi Adesina, will undertake an official visit to Yaounde, Cameroon, from 15 to 18 July, 2017. Full text...

  • Rwanda: Rwanda concludes Concession Agreement for new Bugesera Int'l Airport
    14 july 2017 05:34:28
    Kigali, Rwanda (PANA) - With the backing of the African Legal Support Facility (ALSF), the Government of Rwanda has taken a concrete step towards becoming a transportation hub for the East African region with the signing of a Concession Agreement for the construction and operation of Bugesera International Airport. Full text...

  • Switzerland: Tourism key to foster trade for LDCs – UN-backed report
    13 july 2017 19:46:30
    Geneva, Switzerland (PANA) – A United Nations-backed report released on Thursday has stressed the need for greater recognition of tourism as a key service export in order to attract technical assistance to the sector in least developed countries (LDCs). Full text...

  • Rwanda: IMF Board commends Rwanda’s strong macroeconomic policy
    13 july 2017 18:37:56
    Kigali, Rwanda (PANA) – Rwanda has made notable economic progress in the past two decades, anchored by its carefully-considered development strategy, according to the International Monetary Fund (IMF)’s Deputy Managing Director, Mr. Tao Zhang. Full text...

  • Rwanda: Thursday's forex rates for Rwandan Franc
    13 july 2017 14:05:55
    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...

  • Cote d'Ivoire: AfDB Group approves historic agreement with European Commission
    13 july 2017 12:31:11
    Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Bank Group has approved a historic framework agreement known as the Pillar Assessed Grant or Delegation Agreement (PAGODA) between the Bank and the European Commission (EC). Full text...

  • Morocco: AfDB’s regional open data platform features at World Statistics Congress
    13 july 2017 12:28:44
    Marrakech, Morocco (PANA) - The African Information Highway, a first of its kind data hub developed by the African Development Bank (AfDB) to revolutionize data management and dissemination in Africa, will be spotlighted at the 61st World Statistics Congress. Full text...

  • Gambia: Thursday's forex rates for Gambian Dalasi
    13 july 2017 06:42:36
    Banjul, Gambia (PANA) - The following are Thursday's foreign exchange rates for the Gambian Dalasi, as issued by the Central Bank of The Gambia. Full text...

  • Ghana: Thursday's exchange rates for Ghana cedi
    13 july 2017 06:15:08
    Accra, Ghana (PANA) - The following are Thursday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Ethiopia: ECA calls for strengthened intra-African trade to spur growth
    12 july 2017 18:22:08
    Addis Ababa, Ethiopia (PANA) - The Aid for Trade Global Review 2017 opened Wednesday at the World Trade Organisation (WTO) headquarters with the Economic Commission for Africa’s Capacity Development Division (CDD) Director, Stephen Karingi, emphasizing the need to boost intra-African trade. Full text...

  • Gambia: 'World Bank committed to support Gambian gov’t'
    12 july 2017 15:51:13
    Banjul, Gambia(PANA) - Mrs. Louis J. Cord, the World Bank country director to the Gambia, has reassured the government and people of the Gambia that the world's finance institution is committed to formidable economic challenges and opportunities in the tiny west African country, PANA report Wednesday. Full text...

  • Gambia: Wednesday's forex rates for Gambian Dalasi
    12 july 2017 14:28:16
    Banjul, Gambia (PANA) - The following are Wednesday's foreign exchange rates for the Gambian Dalasi, as issued by the Central Bank of The Gambia. Full text...

  • Rwanda: Wednesday's forex rates for Rwandan Franc
    12 july 2017 11:56:31
    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...

  • Cote d'Ivoire: AfDB, Islamic Development Bank sign new US$ 2bn deal to fund energy
    12 july 2017 08:11:15
    Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) and the Islamic Development Bank (IsDB) have signed a landmark agreement to strengthen partnership at country level. Full text...

  • Botswana: Aviation authorities in Botswana investigate crash
    12 july 2017 07:21:34
    Gaborone, Botswana (PANA) - Botswana’s transport and communications ministry has launched an investigation into last week’s aircraft crash inn which a trainee pilot died. Full text...

  • Ghana: Wednesday's exchange rates for Ghana cedi
    12 july 2017 06:29:02
    Accra, Ghana (PANA) - The following are Wednesday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Chad: AfDB to finance construction of 32 megawatts solar power plant in N’Djamena
    11 july 2017 20:18:06
    N’Djamena, Chad (PANA) - The African Development Bank (AfDB) is to fund the construction of a 32 megawatts solar plant in N’Djamena, the Chadian capital. Full text...

  • Rwanda: Tuesday's forex rates for Rwandan Franc
    11 july 2017 14:41:11
    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...

  • Gambia: Tuesday's forex rates for Gambian Dalasi
    11 july 2017 13:00:28
    Banjul, Gambia (PANA) - The following are Tuesday's foreign exchange rates for the Gambian Dalasi, as issued by the Central Bank of The Gambia. Full text...

  • Tanzania: IMF experts see sub-Saharan Africa informal economy as world's largest
    11 july 2017 09:55:24
    Dar es Salaam, Tanzania (PANA) - The informal economy in sub-Saharan Africa (SSA) remains among the largest in the world, although this share has been very gradually declining, according to a working paper released on Tuesday by three staffers of the International Monetary Fund (IMF). Full text...

  • Morocco: Rabat retains US$3.42bn with IMF as precautionary
    11 july 2017 09:39:20
    Rabat, Morocco (PANA) - Though the International Monetary Fund (IMF) Executive Board approved the Precautionary and Liquidity Line (PLL) for Morocco to the tune of US$3.42 billion in July 2016, the authorities in Rabat have not drawn on it and intend to keep the arrangement as precautionary. Full text...

  • Ghana: Tuesday's exchange rates for Ghana cedi
    11 july 2017 06:28:23
    Accra, Ghana (PANA) - The following are Tuesday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Tanzania: Tuesday's exchange rates for Tanzania Shilling
    11 july 2017 06:27:35
    Dar es Salaam, Tanzania (PANA) - The following are Tuesday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • Mali: IMF approves US443.96m disbursement to Mali
    10 july 2017 16:48:44
    Bamako, Mali (PANA) - The Executive Board of the International Monetary Fund (IMF) on Monday announced approval of a request by Malian authorities for a one-year extension of the country's Extended Credit Facility (ECF) arrangement to 17 December 2018 and the disbursement of US$43.96 million. Full text...

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