Economy -
  • Wednesday's forex rates for the Mauritian Rupee
    14 march 2018 08:17:31
    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...

  • IMF grants six-month extension allowing Kenya access to financial aid
    14 march 2018 07:01:56
    Nairobi, Kenya (PANA) - Kenya has committed to reduce its budget deficit and remove interest rate controls to qualify for the extension of an International Monetary Fund (IMF) loan facility for cash-strapped countries, according to a statement. Full text...

  • Sudanese hosts international forum on minerals
    13 march 2018 17:59:22
    Khartoum, Sudan (PANA) - Sudan has widespread deposits of uranium extending from its western Darfur region to the Red Sea coast in the east, a Sudanese geologist said here Tuesday. Full text...

  • AfDB's Economic Outlook shows decline in regional economies
    13 march 2018 14:45:21
    Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) has expanded its flagship publication, the African Economic Outlook, with five regional reports, indicating that the regional economic studies were released in Tunis (North Africa), Abidjan (West and Central Africa), Nairobi (Eastern Africa) and Pretoria (Southern Africa). Full text...

  • AfDB signs deal with Int'l Solar Alliance to propel solar development in Africa
    13 march 2018 14:19:06
    New Delhi, India (PANA) - In a major boost for its Light up and power Africa initiative, the African Development Bank (AfDB) has entered into partnership with the International Solar Alliance (ISA) to scale up solar energy in Africa. Full text...

  • Rwanda’s GDP per capita rises to US$ 774 in 2017
    13 march 2018 14:10:02
    Kigali, Rwanda (PANA) - Gross domestic product (GDP) per capita in Rwanda increased to about US$ 774 in 2017, up 6.1 percent year-on-year in real terms, the National Bureau of Statistics said in a report released on Tuesday in Kigali. Full text...

  • Tuesday's forex rates for Rwandan Franc
    13 march 2018 13:28:04
    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...

  • Tuesday's forex rates for Mauritanian Ouguiya
    13 march 2018 11:30:38
    Nouakchott, Mauritania (PANA) - Following are Tuesday’s foreign exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • IMF cautions Algeria on its new economic revival strategy
    13 march 2018 09:43:18
    Algiers, Algeria (PANA) – After a two-week visit to Algiers to hold discussions for the 2018 Article IV consultation, an International Monetary Fund (IMF) staff team has painted a gloomy picture of the likely outcome of Algeria’s current strategy to reshape its economic growth model. Full text...

  • Tuesday’s forex rates for the Gambian Dalasi
    13 march 2018 08:12:43
    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 Rwandan Franc
    12 march 2018 12:08:53
    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
    12 march 2018 11:45:33
    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...

  • Nigeria’s foreign reserves rise to $46bn
    12 march 2018 07:45:55
    Abuja, Nigeria (PANA) – Nigeria’s foreign reserves has hit $46bn, according to a tweet on Sunday by the Spokesman of the Central Bank of Nigeria (CBN), Mr. Isaac Okorafor. Full text...

  • Tanzania, UNIDO sign joint declaration on cooperation
    09 march 2018 16:52:09
    Dar es Salaam, Tanzania (PANA) - Tanzania’s efforts to propel industrial development forward, including through infrastructure development, are very commendable, the Director General of the United Nations Industrial Development Organization (UNIDO), Mr. LI Yong, said on Friday at the conclusion of a three-day official visit to the East African country. Full text...

  • Friday's forex rates for Mauritanian Ouguiya
    09 march 2018 13:26:50
    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
    09 march 2018 11:48:50
    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 Rwandan Franc
    09 march 2018 09:38:52
    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
    09 march 2018 08:42:22
    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...

  • AfDB at the centre of "a great Africa moment" - North African Governors
    08 march 2018 16:01:59
    Abidjan, Cote d'Ivoire (PANA) - “This is no longer business as usual,” warned the African Development Bank (AfDB) President, Akinwumi Adesina, at the start of meetings with Finance Ministers from North African countries, held at the Bank’s headquarters in Abidjan, Coted'Ivoire. Full text...

  • "Africa's population explosion is a ticking time bomb" - AfDB Governors
    08 march 2018 15:48:21
    Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) and its East and North African Governors have stressed the need for urgent measures to match the continent’s growing population and youth unemployment, which they likened to a “ticking time bomb”. Full text...

  • Nairobi's JKIA receives Best Improved Airport Award
    08 march 2018 14:37:24
    Nairobi, Kenya (PANA) - The Airports Council International (ACI) has named Nairobi's Jomo Kenyatta International Airport (JKIA) the best improved airport in Africa, the Kenya Airports Authority (KAA) said Thursday. Full text...

  • Thursday's forex rates for Rwandan Franc
    08 march 2018 14:05:41
    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 Ouguiya
    08 march 2018 14:01:48
    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 Gambian Dalasi
    08 march 2018 13:59:29
    Banjul, Gambia (PANA) – The following are Thursday’s foreign exchange rates for the Gambian Dalasi (D), as published by the Trust Bank Gambia Ltd: Full text...

  • Thursday's forex rates for the Mauritian Rupee
    08 march 2018 08:34:22
    Port-Louis, Mauritius (PANA) - Following are Thursday’s foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • East African finance ministers discuss infrastructure finance challenges with AfDB
    07 march 2018 19:22:10
    Abidjan, Côte d’Ivoire (PANA) – In a historic first, East African Governors of the African Development Bank (AfDB) met with the Bank President, Akinwumi Adesina and executives to discuss economic challenges, opportunities and successes in the continent’s fast-growing powerhouse region, the Bank said on Wednesday. Full text...

  • Wednesday's exchange rates for Mauritanian Ouguiya
    07 march 2018 11:26:26
    Nouakchott, Mauritania (PANA) - Following are Wednesday’s exchange rates for the Ouguiya, as issued by the central bank of Mauritania. Full text...

  • Wednesday's exchange rates for Mauritian Rupee
    07 march 2018 11:15:22
    Port-Louis, Mauritius (PANA) - Following are Wednesday’s exchange rates for the Rupee, as issued by the commercial bank of Mauritius. Full text...

  • Wednesday's forex rates for Rwandan Franc
    07 march 2018 09:13:12
    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...

  • Wednesday’s forex rates for the Gambian Dalasi
    07 march 2018 09:09:01
    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 approves US $100-million trade finance facility for Angola
    06 march 2018 18:08:31
    Abidjan, Cote d’Ivoire (PANA) – Aiming to support international trade transactions of small and medium enterprises (SMEs) and local corporates in identified transformative sectors in Angola, the Board of Directors of the African Development Bank (AfDB) has approved a US $100-million Trade Finance Line of Credit to Angola’s Investment Bank (Banco Angolano de Investimentos, BAI). Full text...

  • Tuesday's forex rates for Rwandan Franc
    06 march 2018 10:03:22
    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...

  • Tuesday’s forex rates for the Gambian Dalasi
    06 march 2018 09:44:05
    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...

  • AfDB announces Senior Management appointments
    05 march 2018 14:06:11
    Abidjan, Cote d'Ivoire (PANA) - The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has announced the following Senior Management appointments in the bank. Full text...

  • Monday's forex rates for Rwandan Franc
    05 march 2018 12:46:43
    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 Mauritian Rupee
    05 march 2018 09:50:33
    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
    05 march 2018 08:54:14
    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...

  • Saturday’s forex rates for the Gambian Dalasi
    03 march 2018 11:10:18
    Banjul, Gambia (PANA) – The following are Saturday’s foreign exchange rates for the Gambian Dalasi as published by Trust Bank Gambia Ltd: Full text...

  • WADB gives Mali 5 billion CFAF for potable water project in Bamako
    02 march 2018 15:19:54
    Bamako, Mali (PANA) - The West African Development Bank (WADB) will give Mali 5 billion CFAF for the Kabala potable water project in the Malian capital, following a financing convention signed Friday in Bamako by the Malian minister of Economy and Finances, Boubou Cissé, and the WADB governor, Christian Adovelande. Full text...

  • Friday's forex rates for Mauritian Rupee
    02 march 2018 14:30:10
    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...

  • NGOs engage stakeholders on environmentally-friendly businesses in Gambia
    02 march 2018 11:50:42
    Banjul, Gambia (PANA) - Two NGOs on Friday held a forum that brought together stakeholders across Gambia with the view to looking at ways to do business without harming the environment. Full text...

  • Senegal, Turkey sign cooperation deals
    01 march 2018 18:44:43
    Dakar, Senegal (PANA) - Senegal and Turkey on Thursday signed several cooperation agreements on tourism, rail transport, trade, oil, energy and mines. Full text...

  • Thursday's forex rates for the Mauritian Rupee
    01 march 2018 08:08:50
    Port-Louis, Mauritius (PANA) - Following are Thursday’s foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • AU to conclude African Central Bank headquarters agreement with Nigeria
    28 february 2018 19:48:03
    Dakar, Senegal (PANA) – The African Union will conclude a headquarters agreement with Nigeria for hosting the African Central Bank as it embarks on the implementation of a joint strategy towards the launch of the bank, an AU official said on Wednesday. Full text...

  • IMF directors stress job creation for Namibia to benefit from its demographic changes
    28 february 2018 19:21:39
    Windhoek, Namibia (PANA) – Directors of the International Monetary Fund (IMF) have emphasized the importance of implementing structural reforms in Namibia to boost job creation in order to reap the benefits of the upcoming demographic changes and achieve more inclusive growth in the southern African country. Full text...

  • Wednesday’s forex rates for the Gambian Dalasi
    28 february 2018 09:45:02
    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...

  • Wednesday's forex rates for the Mauritian Rupee
    28 february 2018 08:57:40
    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...

  • UN closer than ever to a dev't system that is ‘fit for purpose’ - Guterres
    28 february 2018 06:43:11
    New York, US (PANA) There are serious threats to the 2030 Agenda for Sustainable Development and the United Nations, especially its development system, must be effectively reformed in order to be able to limit the impact of those threats Secretary-General António Guterres said on Tuesday. Full text...

  • Experts compare notes on fiscal management in West African mining/petroleum sector
    27 february 2018 18:57:42
    Accra, Ghana (PANA) – Sound fiscal management is essential for countries that are still dependent on revenue from the mining or petroleum sector, International Monetary Fund (IMF) Deputy Managing Director Carla Grasso said here on Tuesday. Full text...

  • Mauritius records 5.2 percent rise in 2017 tourist arrivals
    27 february 2018 17:47:57
    Port Louis, Mauritius (PANA) – Tourist arrivals in Mauritius during 2017 topped 1,341,860 up by 5.2 percent compared to the 2016 figure, according to Statistics Mauritius, a governmental institution, said in its latest bulletin issued on Tuesday. Full text...

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