Economy -
  • AfDB gives Mali 8 million-euro loan to support trade
    18 may 2018 13:22:46
    Abidjan, Côte d'Ivoire (PANA) - There is good news for trade in Mali, especially for small- and medium-sized enterprises (SMEs) as the Board of Directors of the African Development Bank (AfDB) on Wednesday approved a credit line of 8 million-euro loan to the Sahelo-Saharan Bank for investment and trade in Mali (BSIC-Mali). Full text...

  • Mauritius, Madagascar set up Joint Commission to expand cooperation
    18 may 2018 12:10:32
    Port-Louis, Mauritius (PANA) - Mauritius and Madagascar have embarked on a new path of bilateral cooperation and expanding the existing collaboration with the establishment of a Joint Permanent Commission. Full text...

  • Friday's forex rates for Rwandan Franc
    18 may 2018 11:08:37
    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 Gambian Dalasi
    18 may 2018 10:43:29
    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...

  • Mauritius launches 'Home Solar' project to alleviate poverty
    18 may 2018 09:07:57
    Port-Louis, Mauritius (PANA) – Mauritius has launched a Home Solar project that aims at installing solar photovoltaic systems on rooftops of 10,000 poor households as part of the Government’s efforts to alleviate poverty whilst contributing to the national target of achieving 35% of renewable electricity in the energy mix by 2025. Full text...

  • Economic growth ‘exceeds expectations’ but trade tensions are rising: UN
    18 may 2018 04:38:54
    New York, US (PANA) - Global economic growth is exceeding expectations this year but heightened geopolitical tension and uncertainty over international trade could thwart progress, according to a new United Nations report released on Thursday. Full text...

  • Middle class in China, India set to impact on gold demand
    17 may 2018 17:08:23
    Dar es Salaam, Tanzania (PANA) – The expanding middle class in China and India, combined with broader economic growth, will have a significant impact on gold demand, according to the latest analysis on how the gold market is set to evolve in the next 30 years. Full text...

  • Thursday's forex rates for Rwandan Franc
    17 may 2018 15:26:05
    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 Gambian Dalasi
    17 may 2018 13:27:01
    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...

  • Thursday's exchange rates for Mauritanian Ouguiya
    17 may 2018 11:21:47
    Nouakchott, Mauritania (PANA) - Following are Thursday’s exchange rates for the Ouguiya, as issued by the central bank of Mauritania. Full text...

  • Thursday's exchange rates for the Mauritian Rupee
    17 may 2018 11:10:17
    Port-Louis, Mauritius (PANA) - Following are Thursday’s exchange rates for the Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • About 2.5 billion more people will be living in cities by 2050 - UN report
    16 may 2018 21:57:03
    New York, US (PANA) - By 2050, two out of every three people are likely to be living in cities or other urban centres, according to a new United Nations report, highlighting the need for more sustainable urban planning and public services. Full text...

  • AfDB blames lack of industries for Africa's low rating on global development
    16 may 2018 15:25:48
    Nairobi, Kenya (PANA) - Africa’s lack of industries is largely responsible for its low standing in global development, the African Development Bank (AfDB) said Wednesday. Full text...

  • American Tower Corporation, Telkom Kenya seal tower deal
    16 may 2018 14:16:32
    Nairobi, Kenya (PANA) - Telecom provider, Telkom Kenya, together with the American Tower Corporation (ATC), have announced the signing of an agreement that will see ATC obtain 723 towers from Telkom Kenya. Full text...

  • Wednesday's forex rates for Rwandan Franc
    16 may 2018 09:46:19
    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...

  • Improving taxation to finance Uganda’s development
    15 may 2018 18:40:35
    Kampala, Uganda (PANA) - Uganda’s economy is expected to grow at 5.5 percent this year, rising above 6 percent all through to 2019, according to the World Bank’s 11th Uganda Economic Update launched in Kampala on Tuesday. Full text...

  • Somalia prepares to launch new national currency
    15 may 2018 18:26:22
    Nairobi, Kenya (PANA) – Somalia has obtained backing of the International Monetary Fund (IMF) to launch a new national currency which will replace the Somali Shilling currently in circulation, it was confirmed here on Tuesday. Full text...

  • RwandAir launches Kigali - Cape Town route
    15 may 2018 16:30:18
    Kigali, Rwanda (PANA) - Rwandan flag carrier, RwandAir Express, is set to launch Wednesday its weekly service between Kigali and Cape Town, South Africa via Harare, Zimbabwe, according to an official statement made available to PANA in Kigali on Tuesday. Full text...

  • Tuesday's forex rates for Rwandan Franc
    15 may 2018 13:22:46
    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
    15 may 2018 13:21:14
    Nouakchott, Mauritania (PANA) - Following are Tuesday’s foreign exchange rates for the Ouguiya, as issued by the central bank of Mauritania. Full text...

  • Tuesday's foreign exchange rates for Mauritian Rupee
    15 may 2018 13:17:56
    Port-Louis, Mauritius (PANA) - Following are Tuesday’s exchange rates for the Rupee, as issued by the commercial bank of Mauritius. Full text...

  • Tuesday's exchange rates for Ghana cedi
    15 may 2018 10:03:27
    Accra, Ghana (PANA) - The following are Tuesday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • 2018 AfDB Annual Meetings focus on accelerating Africa’s industrialization
    15 may 2018 09:14:59
    Busan, South Korea (PANA) - Final preparations are underway for the 2018 Annual Meetings of the African Development Bank (AfDB) Group from 21-25 May, 2018, in Busan, South Korea. Full text...

  • Zambia’s airline to start flying to Zimbabwe
    15 may 2018 08:57:49
    Lusaka, Zambia (PANA) - Zambia’s leading airline, Proflight Zambia, is set to introduce flights between Lusaka and Harare beginning the first week of July. Full text...

  • Tuesday’s forex rates for the Gambian Dalasi
    15 may 2018 08:46:40
    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...

  • ILO touts jobs in green economy
    14 may 2018 19:50:37
    Geneva, Switzerland (PANA) - Action to combat climate change could create millions of new job opportunities and “more than” offset losses in traditional industries, the UN labour agency said on Monday. Full text...

  • Monday’s forex rates for Gambian Dalasi
    14 may 2018 14:01:42
    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...

  • WB wants Congo to identify and deal with concrete economic crisis
    14 may 2018 13:06:23
    Brazzaville, Congo (PANA) - The World Bank (WB) Representative in Congo, Djibrilla Issa, has urged the Congolese government to take the economic crisis facing the country as an opportunity to identify the challenges hampering the development and growth sectors, like energy, transportation and agriculture. Full text...

  • Monday's exchange rates for Ghana cedi
    14 may 2018 12:06:41
    Accra, Ghana (PANA) - The following are Monday's exchange rates for the Ghana cedi as announced by Ghana Association of Bankers. Full text...

  • Saturday’s forex rates for Gambian Dalasi
    12 may 2018 07:34:27
    Banjul, Gambia (PANA) – The following are Saturday’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
    11 may 2018 10:21:58
    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...

  • South Africa's president Ramaphosa appointed co-chair of ILO commission
    11 may 2018 08:44:59
    Cape Town, South Africa (PANA) – The International Labour Organisation (ILO) has appointed South Africa's President Cyril Ramaphosa to co-chair its Global Commission on the Future of Work. Full text...

  • Friday’s forex rates for the Gambian Dalasi
    11 may 2018 08:11:00
    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...

  • AfDB approves US$ 1.5 million for Jigawa on-grid IPP solar power procurement program
    10 may 2018 13:48:13
    Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Bank (AfDB) has approved a US$ 1.5-million grant from the Sustainable Energy Fund for Africa (SEFA) to support the Nigerian Government’s implementation of Phase 1 of the Jigawa 1-GW Independent Power Producer (IPP) Solar Procurement Program. Full text...

  • Thursday’s forex rates for the Gambian Dalasi
    10 may 2018 11:42:37
    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...

  • Conference on green business development opens in Mauritius
    10 may 2018 10:21:49
    Port-Louis, Mauritius (PANA) - Mauritian Business, Enterprises and Cooperatives Minister Sunil Bholah on Thursday again raised red flags about the severity of environmental degradation. Full text...

  • Thursday's forex rates for the Mauritian Rupee
    10 may 2018 09:20:50
    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...

  • Security volatility, high oil prices up downside risks to CAR’s economic reforms
    10 may 2018 09:17:30
    Bangui, CAR (PANA) – Macroeconomic performance of Central African Republic’s (CAR.) remains favourable, although downside risks have increased due to a deteriorating and volatile security environment and rising oil prices, according to a senior official of the International Monetary Fund (IMF). Full text...

  • Thursday's forex rates for Rwandan Franc
    10 may 2018 08:05:03
    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...

  • Economic mobility in developing countries stalled for 30 years: WBG report
    09 may 2018 20:00:31
    Washington, US (PANA) - Generations of poor people in developing countries are trapped in a cycle of poverty determined by their circumstance at birth and unable to ascend the economic ladder due to inequality of opportunity, says the World Bank Group’s ‘Fair Progress? Economic Mobility across Generations Around the World’ report, released on Wednesday. Full text...

  • IMF cautions Gambia on high debt risks
    09 may 2018 17:58:00
    Banjul, Gambia (PANA) - Gambia’s economic recovery is gaining traction but the country’s debt vulnerabilities remain high, according to an International Monetary Fund (IMF) staff team that on Wednesday completed a one-week visit to the West African country. Full text...

  • Australian mining firm produces ultra-high grade graphite concentrate in Tanzania
    09 may 2018 16:51:27
    Dar es Salaam, Tanzania (PANA) – Tanzanian graphite developer Black Rock Mining Limited on Wednesday reported a world first pilot plant production of 99% graphite concentrate using floatation methods only. Full text...

  • Africa Investment Forum, a game changer for financing Africa’s infrastructure development (An AfDB feature)
    09 may 2018 13:16:10
    Abidjan, Cote d'Ivoire (PANA) - By 2050, just 32 short years from now, Africa’s growing population will tip the scales at a whopping 2 billion, with a youth of 840 million. In the process, the continent will overtake the populations of China and India combined. Full text...

  • Wednesday's forex rates for Rwandan Franc
    09 may 2018 11:13:40
    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 Mauritanian Ouguiya
    09 may 2018 11:12:36
    Nouakchott, Mauritania (PANA) - Following are Wednesday’s foreign exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Wednesday’s forex rates for the Gambian Dalasi
    09 may 2018 08:24:04
    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
    09 may 2018 08:21:52
    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...

  • Tuesday's forex rates for Rwandan Franc
    08 may 2018 15:46:03
    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
    08 may 2018 13:13:33
    Nouakchott, Mauritania (PANA) - Following are Tuesday’s foreign exchange rates for the Ouguiya, as issued by the central bank of Mauritania. Full text...

  • Saudi Arabia agrees to supply Sudan with oil for five years
    08 may 2018 13:10:02
    Khartoum, Sudan (PANA) - The Sudanese government has signed a draft agreement with Saudi Arabia under which the gulf country will supply Sudan with oil for five years at an annual rate of 1.8 million tons for a preferential price. Full text...

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