Economy -
  • Tuesday's exchange rates for Ghana cedi
    10 april 2018 09:32:48
    Accra, Ghana (PANA) - The following are Tuesday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • UN population forum urged to examine ways to protect people on the move
    10 april 2018 07:51:19
    New York, US (PANA) - A great migration of humanity into cities is under way, and with millions drawn to urban areas for the promise of a better life, the main United Nations forum on population opened its annual session on Monday examining ways to protect people on the move and help create cities that can embrace the massive number of new arrivals. Full text...

  • Nigeria's foreign reserves rise to $47.37 bn
    09 april 2018 20:10:07
    Abuja, Nigeria (PANA) – The Central Bank of Nigeria (CBN) on Monday said that the country's foreign reserves hit $47.37 billion as at last Thursday, up about $8.83 million from about $46.2 billion at the end of March. Full text...

  • Monday’s forex rates for the Gambian Dalasi
    09 april 2018 14:01:06
    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...

  • Monday's forex rates for Rwandan Franc
    09 april 2018 10:43:20
    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
    09 april 2018 09:33:22
    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...

  • Flights resume at Kigali Int'l Airport after bad weather forced hours of shutdown
    06 april 2018 14:11:16
    Kigali, Rwanda (PANA) - Rwandan aviation authorities on Friday announced that air traffic has gradually restarted after all international and domestic flights were suspended for several hours due to bad weather. Full text...

  • Friday's forex rates for Rwandan Franc
    06 april 2018 13:25:34
    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 Mauritanian Ouguiya
    06 april 2018 11:43:14
    Nouakchott, Mauritania (PANA) - Following are Friday’s foreign exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Congo to establish national centre for economic information
    06 april 2018 09:18:28
    Brazzaville, Congo (PANA) - The Republic of Congo is to establish a national centre for economic information and management consulting, government spokesman Thierry Lezin Moungalla announced on Thursday after a cabinet meeting. Full text...

  • Friday's forex rates for the Mauritian Rupee
    06 april 2018 08:35:36
    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...

  • Ivorian authorities, IMF staff agree faster reforms to maintain high growth rate
    05 april 2018 19:32:27
    Abidjan, Côte d’Ivoire (PANA) – International Monetary Fund (IMF) staff and the Ivorian authorities on Thursday concurred on the need to accelerate reforms critical to maintaining growth at a sustainable pace and continue making it more inclusive in the West African country. Full text...

  • Sudanese Council of Ministers approves bill on hard currency control
    05 april 2018 18:35:29
    Khartoum, Sudan (PANA) – Sudanese authorities on Thursday adopted a bill incriminating dealing in hard currency and imposing penalties ranging from long prison term to confiscation of money, vehicles, properties, and real estate which involve illegal transaction. Full text...

  • AfDB approves US$50m risk participation deal for Africa’s trade finance market demand
    05 april 2018 18:03:46
    Abidjan, Cote d’Ivoire (PANA) - The Board of Directors of the African Development Bank (AfDB) has approved a US $50-million unfunded Risk Participation Agreement for Commerzbank AG, a German banking and financial services company based in Frankfurt. Full text...

  • Thursday's forex rates for Rwandan Franc
    05 april 2018 10:27:07
    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...

  • Togo plans ministerial meeting on Single African Air Transport Market
    04 april 2018 19:03:32
    Addis Ababa, Ethiopia (PANA) – President Faure Essozimna Gnassingbé of Togo is planning to convene a ministerial meeting in Lomé, in May 2018, bringing together all key stakeholders to take forward the commitments made by African Union (AU) Member States regarding the Single African Air Transport Market. Full text...

  • Wednesday's forex rates for Rwandan Franc
    04 april 2018 13:34:10
    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
    04 april 2018 11:00:44
    Nouakchott, Mauritania (PANA) - Following are Wednesday’s foreign exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Mining sector in sub-Saharan Africa faces illegal mining challenges, regulatory risks
    04 april 2018 09:34:51
    Dar es Salaam, Tanzania (PANA) - Widespread illegal mining activity and rising regulatory risks are two leading challenges that will face the sub-Saharan Africa mining sector in the coming months, Creamer Media Online, a South Africa-based industry news medium, reported on Wednesday quoting research and analysis firm BMI Research. Full text...

  • Wednesday's forex rates for the Mauritian Rupee
    04 april 2018 09:13:52
    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...

  • Sub-Saharan Africa growth to surpass $2 trillion by 2020 - IFC
    04 april 2018 08:45:47
    Nairobi, Kenya (PANA) - Sub-Saharan African economy will surpass $2 trillion in the next two years, the International Finance Corporation (IFC) says in a new report. Full text...

  • Rwanda reacts to US measure on suspension from AGOA
    03 april 2018 18:35:05
    Kigali, Rwanda (PANA) - Rwanda on Tuesday described the recent notification by the United States on suspension of duty-free status for Rwandan apparel products under the African Growth and Opportunity Act (AGOA) as an action taken at the discretion of the United States. Full text...

  • Tuesday's forex rates for Rwandan Franc
    03 april 2018 13:27:24
    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...

  • Tuesday's forex rates for the Mauritian Rupee
    03 april 2018 12:01:14
    Nouakchott, Mauritania (PANA) - Following are Tuesday’s foreign exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Heightened political tension may dent business climate in Guinea-Bissau, IMF warns
    03 april 2018 09:58:32
    Bissau, Guinea-Bissau (PANA) – Strong growth of government revenue and contained expenditure, sharply narrowed Guinea-Bissau’s overall fiscal deficit on commitment basis from 4.7 percent of GDP in 2016 to 1.5 percent in 2017, according to the International Monetary Fund (IMF). Full text...

  • Tuesday's forex rates for Mauritian Rupee
    03 april 2018 09:02:51
    Port-Louis, Mauritius (PANA) - Following are Tuesday’s foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Why Easter celebration signals a call to action to reverse Africa’s cocoa paradox (An AfDB Feature)
    01 april 2018 13:03:54
    Abidjan, Cote d'Ivoire (PANA) - Around the world, chocolate in all shapes and sizes symbolize Easter and bring joy to millions of kids and adults alike. And the demand for chocolate will most likely continue to increase, according to experts. Full text...

  • Saturday’s forex rates for the Gambian Dalasi
    31 march 2018 10:29:31
    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...

  • Nigeria’s economic recovery buoys activity in neighbouring Benin
    31 march 2018 09:19:03
    Cotonou, Benin (PANA) – Benin’s economic activity in 2017 remained strong, buoyed by record cotton production and the recovery of the neighbouring Nigerian economy, a staff team from the International Monetary Fund (IMF) said on Saturday after a second review of the country’s performance under the Extended Credit Facility (ECF) arrangement with the Fund. Full text...

  • IMF Board says WAEMU region making strong economic growth
    30 march 2018 17:24:01
    Dakar, Senegal (PANA) – The International Monetary Fund (IMF) Executive Board has welcomed the continued strong economic growth resilience and low inflation in the West African Economic and Monetary Union (WAEMU) member countries, but stressed that vulnerabilities had persisted in the region in 2017 with increased fiscal and external account deficits. Full text...

  • Friday's forex rates for Mauritanian Ouguiya
    30 march 2018 15:11:47
    Nouakchott, Mauritania (PANA) - Following are Friday’s exchange rates for the Ouguiya, as issued by the central bank of Mauritania. Full text...

  • WB gives 62 billion CFAF for Mali’s socioeconomic development
    30 march 2018 11:57:52
    Bamako, Mali (PANA) - The World Bank has given Mali 112.8 million dollars, or about 62.04 billion CFAF, following the signing on Thursday in Bamako of three financing agreements (loans and grants). Full text...

  • Friday's forex rates for Mauritian rupee
    30 march 2018 11:36:24
    Port-Louis, Mauritius (PANA) - Following are Friday’s exchange rates for the Rupee, as issued by the commercial bank of Mauritius. Full text...

  • Friday’s forex rates for the Gambian Dalasi
    30 march 2018 09:27:16
    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...

  • Afreximbank arranges up to US$1.5bn for investment promotion in Zimbabwe
    29 march 2018 19:05:17
    Abidjan, Cote d’Ivoire (PANA) – The African Export-Import Bank (Afreximbank) will arrange between US$1 billion and US$1.5 billion of funded and guarantee facilities to support businesses interested in investing in Zimbabwe, the Bank’s President, Dr. Benedict Oramah, has announced. Full text...

  • Thursday's foreign exchange rates for Mauritanian Ouguiya
    29 march 2018 12:03:10
    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 Rwandan Franc
    29 march 2018 09:22:31
    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 the Mauritian Rupee
    29 march 2018 08:45:16
    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...

  • Thursday’s forex rates for the Gambian Dalasi
    29 march 2018 08:42:57
    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...

  • IMF staff review progress of Madagascar’s economic programme
    28 march 2018 20:43:52
    Antananarivo, Madagascar (PANA) – Despite the effects of a major cyclone early this year and drought on agriculture and hydro power, as well as an outbreak of the plague on tourism in Madagascar, the country’s economic conditions remain favourable, with sustained growth and macroeconomic stability, according to a team of the International Monetary Fund (IMF) that visited Antananarivo from 14 -28 March 2018. Full text...

  • Sudan to host summit on Horn of Africa economic bloc
    28 march 2018 17:02:54
    Khartoum, Sudan (PANA) - Leaders of Sudan, Ethiopia, Eritrea, Djibouti and Somalia are due to meet in the Sudanese capital, Khartoum, on 12 April to discuss formation of an economic coalition for the Horn of Africa nations, a senior government official here said on Wednesday. Full text...

  • Africa’s premier investment marketplace to accelerate continent’s economic transformation
    28 march 2018 13:50:54
    Abidjan, Cote d'Ivoire (PANA) - To help Africa find the path to its long-deserved economic fortune, the African Development Bank (AfDB) is championing the region’s premier investment market. Full text...

  • Wednesday's forex rates for Mauritanian Ouguiya
    28 march 2018 11:39:36
    Nouakchott, Mauritania (PANA) - Following are Wednesday’s exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Gambia’s VP pledges reforms to propel private sector growth
    28 march 2018 11:34:55
    Banjul, Gambia (PANA) - Gambia’s vice president Fatoumatta Jallow Tambajang has promised more reforms, including tax cuts, to reduce cost of investment and stimulate private sector growth. Full text...

  • Wednesday's exchange rates for Mauritian Rupee
    28 march 2018 11:07:29
    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 the Gambian Dalasi
    28 march 2018 08:12:52
    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 exchange rates for Ghana cedi
    28 march 2018 06:46:10
    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...

  • Korean city of Busan to host annual meetings of the Board of Governors of the AfDB Group
    27 march 2018 13:42:32
    Abidjan, Cote d'Ivoire (PANA) - The 53rd Annual Meeting of the Board of Governors of the African Development Bank (AfDB) and the 44th Meeting of the Board of Governors of the African Development Fund, the concessional arm of the Bank Group, will take place from May 21-25, 2018, in Busan, South Korea. Full text...

  • Africa must build digital infrastructure to compete in 4th Industrial Revolution, says AfDB's Adesina
    27 march 2018 13:24:31
    Abidjan, Côte d’Ivoire (PANA) - To compete at the accelerated pace of technological innovations and the 4th Industrial Revolution, Africa has to put in more money into training its people and equipping them with the skills they need for the jobs of the future, Akinwumi Adesina, the President of the African Development Bank (AfDB), has said, urging African countries to rethink the way they do manufacturing. Full text...

  • Côte d'Ivoire, Ghana sign deal on cacao economy management
    27 march 2018 13:04:40
    Abidjan, Côte d'Ivoire (PANA) - The Ivorian president, Alassane Ouattara, and his Ghanaian counterpart, Nana Addo Dankwa Akufo-Addo, on Monday in Abidjan signed a deal on the implementation of a common strategy on the management and challenges of the cacao industry. Full text...

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