Economy -
  • Mauritius: Wednesday's forex rates for Rupee
    06 august 2014 08:35:27
    Port-Louis, Mauritius (PANA) - Following are Wednesday's exchange rates for the Mauritian Rupee: Full text...

  • Tanzania: Wednesday's forex rates for Shilling
    06 august 2014 08:34:04
    Dar es Salaam, Tanzania (PANA) - Following are Wednesday's foreign exchange rates for the Tanzania Shilling: Full text...

  • US: Obama sets up advisory council on Doing Business in Africa
    05 august 2014 22:35:24
    Washington DC, US (PANA) - US President Barak Obama Tuesday established The President's Advisory Council on Doing Business in Africa to promote broad-based economic growth and job creation in the US and Africa. Full text...

  • US: AUC calls for more investment to transform Africa
    05 august 2014 21:28:35
    Washington DC, US (PANA) - African Union Commission (AUC) Chairperson, Dr. Nkosazana Dlamini-Zuma, on Tuesday in Washington DC, called for more US investments that would help in transforming Africa's growth and development, and enhance the living conditions of its people. Full text...

  • Rwanda: Tuesday's forex rates for Rwandan Franc
    05 august 2014 18:07:52
    Kigali, Rwanda (PANA) - Following are Tuesday's foreign exchange rates for the Rwandan Franc: Full text...

  • US: Obama issues memorandum to spur trade, investment in Africa
    05 august 2014 18:01:55
    Washington DC, US (PANA) - US President Barack Obama on Tuesday issued a Presidential Memorandum, entitled: 'Establishing a Comprehensive Approach to Expanding Sub-Saharan Africa's Capacity for Trade and Investment', to enhance business transactions in Africa. Full text...

  • Cote d'Ivoire: Trading at the West African Bourse rises
    05 august 2014 15:18:16
    Abidjan, Cote d’Ivoire (PANA) - Trading at the West African regional stock exchange, BRVM, ended Monday on the rise with the BRVM index 10 inching from 249.39 points to 251.69 points, representing a rise of 0.92%. Full text...

  • Senegal: BADEA, PTA Bank sign Memorandum of Understanding
    05 august 2014 14:36:59
    Dakar, Senegal (PANA) - The Arab Bank for Economic Development in Africa (BADEA) and the PTA Bank, on Tuesday signed a Memorandum of Understanding (MOU) to enhance cooperation between the two Institutions regarding financing the Private Sector in the countries eligible for BADEA’s assistance and members of the PTA Bank. Full text...

  • Senegal: Standard Bank says investment environment is key to closing Africa's energy gap
    05 august 2014 13:26:29
    Dakar, Senegal (PANA) - Standard Bank, Africa’s largest lender by assets, and General Electric (GE), Tuesday reaffirmed their commitment to Africa at a power-financing roundtable held in Washington DC, US, the bank disclosed in a statement obtained here by PANA. Full text...

  • Nigeria: Govt plans to reduce telecoms infrastructure taxes
    05 august 2014 12:45:39
    Lagos, Nigeria (PANA) - As a way of encouraging telecommunication companies to mobilise more funds to develop their networks, the Nigerian government has unfolded plans to reduce taxes on telecoms infrastructure. Full text...

  • Mauritania: Tuesday's forex rates for Ouguiya
    05 august 2014 11:08:34
    Nouakchott, Mauritania (PANA) - Following are Tuesday's exchange rates for the Mauritanian Ouguiya: Full text...

  • Mauritius: Tuesday's forex rates for Rupee
    05 august 2014 09:24:26
    Port-Louis, Mauritius (PANA) - Following are Tuesday's exchange rates for the Mauritian Rupee: Full text...

  • Tanzania: Tuesday's forex rates for Shilling
    05 august 2014 07:57:32
    Dar es Salaam, Tanzania (PANA) - Following are Tuesday's foreign exchange rates for the Tanzania Shilling: Full text...

  • Ghana: Tuesday's exchange rates for Ghana cedi
    05 august 2014 07:56:00
    Accra, Ghana (PANA) - The following are Tuesday's average inter-bank exchange rates for the Ghana cedi, as announced by the Ghana Association of Bankers: Full text...

  • Nigeria: Monday's exchange rates for naira
    04 august 2014 21:52:58
    Lagos, Nigeria (PANA) - Here are Monday's exchange rates for the Nigerian currency, the Naira, against other currencies, as released by the Central Bank of Nigeria (CBN). Full text...

  • Cote d'Ivoire: 2014 HDR officially launched in Africa
    04 august 2014 21:46:30
    Abidjan, Côte d'Ivoire (PANA) - The Secretary General of the Ivorian Presidency, Amadou Gon Coulibaly, on Monday officially launched the 2014 Human Development Report (HDR) in the Africa region. Full text...

  • Rwanda: Monday's forex rates for Rwandan Franc
    04 august 2014 18:28:28
    Kigali, Rwanda (PANA) - Following are Monday's foreign exchange rates for the Rwandan Franc: Full text...

  • Mauritius: Indian Ocean Rim States discuss Trade Facilitation in Mauritius
    04 august 2014 13:29:57
    Ebene, Mauritius (PANA) - Mauritian Vice-Prime Minister Anil Kumar Bachoo on Monday said that trade facilitation has an important role to play in the overall trade performance of any country, insisting that it is a key determinant in a country’s competitiveness strategy and a formidable avenue for cooperation, Full text...

  • Senegal: Monday's forex rates for Gambian Dalasis
    04 august 2014 11:57:37
    Dakar, Senegal (PANA) - Following are Monday's forex rates for the Gambian currency, the Dalasis (D): Full text...

  • South Africa: 'Africa offers US firms compelling trade, investment opportunity'
    04 august 2014 11:56:00
    Johannesburg, US (PANA) - Africa offers US multinationals a compelling trade and investment opportunity, thanks to the rapid economic growth rates being experienced across the continent along with burgeoning population growth and increasing urbanisation, according to Standard Bank. Full text...

  • Mauritania: Monday's forex rates for Ouguiya
    04 august 2014 10:58:36
    Nouakchott, Mauritania (PANA) - Following are Monday's exchange rates for the Mauritanian Ouguiya: Full text...

  • Nigeria: Group laments drop in business confidence index
    04 august 2014 09:08:45
    Lagos, Nigeria (PANA) - Nigeria’s foremost business group has expressed concern at the drop of the aggregate Business Confidence Index (BCI) from 19.4% it posted in the second quarter of 2014 to 14.3%. Full text...

  • Mauritius: Monday's forex rates for Rupee
    04 august 2014 08:09:48
    Port-Louis, Mauritius (PANA) - Following are Monday's exchange rates for the Mauritian Rupee: Full text...

  • Ghana: Monday's exchange rates for Ghana cedi
    04 august 2014 08:03:25
    Accra, Ghana (PANA) - The following are Monday's average inter-bank exchange rates for the Ghana cedi, as announced by the Ghana Association of Bankers: Full text...

  • Tanzania: Monday's forex rates for Shilling
    04 august 2014 07:49:48
    Dar es Salaam, Tanzania (PANA) - Following are Monday's foreign exchange rates for the Tanzania Shilling: Full text...

  • Togo: ASKY resumes flight to Nigeria
    03 august 2014 16:44:35
    Lomé, Togo (PANA) - Pan African airline ASKY has resumed flights to Nigeria, following the lifting of the suspension slammed on the airline by the Nigerian regulators for ferrying a Liberian infected with the Ebola virus to Nigeria, where he died 20 July. Full text...

  • Mauritania: Sunday's forex rates for Ouguiya
    03 august 2014 10:58:07
    Nouakchott, Mauritania (PANA) - Following are Sunday's exchange rates for the Mauritanian Ouguiya: Full text...

  • Mali: Malian declares intention to contest for AfDB president
    02 august 2014 16:47:02
    Bamako, Mali (PANA) – The current vice-president of the Islamic Development Bank (IDB), Malian Birama Boubacar Sidibé, has announced his candidature to succeed Rwandan Donald Kaberuka, whose second five-year term as president of the African Development Bank (AfDB) ends next year. Full text...

  • Ghana: Ghana to open talks with IMF, development partners on economic challenges
    02 august 2014 16:11:32
    Accra, Ghana (OANA) - President John Dramani has given approval for Ghana to have discussions with the International Monetary Fund (IMF), as the country seeks ways to resolve a myriad of problems that have led to the downward spiral of the economy. Full text...

  • Nigeria: Suspension of ASKY airlines over Ebola lifted
    02 august 2014 15:34:05
    Lagos, Nigeria (PANA) - The regulatory Nigerian Civil Aviation Authority (NCAA) has lifted the suspension it slammed on the Togo-based regional ASKY Airlines for ferrying a Liberian infected with the Ebola Virus Disease into the country last week. Full text...

  • Cote d'Ivoire: Trading at West African Bourse ends week high
    02 august 2014 11:23:55
    Abidjan, Cote d’Ivoire (PANA) – Trading at the West African regional stock exchange, BRVM, ended the past week on the rise, with the BRVM 10 index inching up from 247.66 points to 249.39 points, representing an increase of 0.70%. Full text...

  • US: IMF approves new US$122.4 million disbursement for Chad
    01 august 2014 22:48:03
    Washington DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) on Friday approved a new three-year arrangement under the Extended Credit Facility (ECF) for a total amount equivalent to Special Drawing Right (SDR) 79.92 million (about US$122.4 million), Full text...

  • Cameroon: President Biya woos American investors to his country
    01 august 2014 21:21:20
    Douala, Cameroon (PANA) – Cameroonian president Paul Biya has invited American businessmen to invest in his country, according to a communiqué issued by the Cameroonian presidency on Friday. Full text...

  • Nigeria : Friday's foreign exchange rates in Nigeria
    01 august 2014 20:36:04
    Nigeria : Friday's foreign exchange rates in Nigeria ) Full text...

  • US: Official says AGOA supports economic growth in Africa
    01 august 2014 17:48:50
    Washington DC, US (PANA) - The African Growth and Opportunity Act (AGOA), introduced by the US government in 2000, has played a fundamental role in America's efforts to build sustainable and inclusive economic growth in Africa, and promote opportunities for US and African companies, Ms. Linda Thomas-Greenfield, US Assistant Secretary, Bureau of African Affairs, said Friday. Full text...

  • Kenya: Kenyan telecoms firms hit by changing technology trends
    01 august 2014 15:21:36
    Nairobi, Kenya (PANA) - Kenyan telecommunications companies have recorded 2.7% drop in voice traffic and a 10% drop in the Short Messaging Service (SMS) volumes as mobile phone users shifted to the use of new technologies on smart phones. Full text...

  • Kenya: Nigerian corporate incomes decline in first half, Kenya rises 14%
    01 august 2014 13:52:53
    Nairobi, Kenya (PANA) - Nigerian firms in the list of 30 largest African companies recorded a near stagnant growth in the first six months of 2014, compared to a 10% growth recorded by Kenyan companies on the same list, according to equity analysts. Full text...

  • Ghana: Friday's forex rate for Ghana cedi
    01 august 2014 13:25:04
    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...

  • South Africa: Entries for Innovation Prize for Africa 2015 now open
    01 august 2014 12:49:05
    Johannesburg, South Africa (PANA) - The African Innovation Foundation (AIF) has called on all African innovators to submit their entries for the fourth edition of the Innovation Prize for Africa (IPA) competition. Full text...

  • Belgium: European fishing boats to continue activities in Mauritanian territorial waters
    01 august 2014 12:34:27
    Brussels, Belgium (PANA) – European and Mauritanian negotiators have agreed on a compromise that allows EU fishing boats to continue their activities in the Mauritanian territorial waters, according to an EU statement here. Full text...

  • Tunisia: Friday's forex rates for Tunisian Dinar
    01 august 2014 11:57:20
    Tunis, Tunisia (PANA) - Following are Friday's foreign exchange rates for the Tunisian Dinar: Full text...

  • Cameroon: Belgian bank gives 14 billion FCFA to Cameroon for drinking water
    01 august 2014 11:12:12
    Douala, Cameroon (PANA) - Belgian bank, Belfius, has granted 14 billion FCFA to the Cameroonian government to enable the Central African nation to provide adequate water supply in 11 cities, PANA learnt Friday from official sources. Full text...

  • Mauritius: Friday's forex rates for Rupee
    01 august 2014 11:02:25
    Port-Louis, Mauritius (PANA) - Following are Friday's foreign exchange rates for the Mauritian Rupee: Full text...

  • Gambia: Friday’s forex rates for Gambian Dalasis
    01 august 2014 09:08:34
    Banjul, Gambia (PANA) - The following are Friday’s exchange rates for the Gambian Dalasis: Full text...

  • Tanzania: Friday's forex rates for Shilling
    01 august 2014 06:11:52
    Dar es Salaam, Tanzania (PANA) - Following are Friday's exchange rates for the Tanzania Shilling: Full text...

  • US: UN, civil aviation partners to reduce risks of flying over conflict zones
    01 august 2014 05:40:28
    New York, US (PANA) - In the wake of the recent downing of a passenger plane over eastern Ukraine, the UN and its partners have set up a task force to reduce the risks of civilian planes flying over conflict areas and ensure that "the right information reaches the right people at the right time." Full text...

  • Gambia: UNDP says poverty 'remains high' in rural areas
    31 july 2014 22:12:30
    Banjul, Gambia (PANA) - In spite of the progress made by The Gambia, poverty rate is 39.6 per cent and remains particularly high in rural areas largely due to the vulnerability of agricultural income, according to the United Nations Development Programme (UNDP) Resident Coordinator, Ms. Ade Mamonyane Lekoetje. Full text...

  • Congo: Congo spends 4.7 billion FCFA to rehabilitate port
    31 july 2014 21:56:20
    Brazzaville, Congo (PANA) – The Congolese government has spent 4.7 billion FCFA on the rehabilitation of the Ouesso port, in the Sangha departmental capital in the north of the country. Full text...

  • Burundi: AfDB gives Burundi US$22 million for two dams
    31 july 2014 21:22:27
    Bujumbura, Burundi (PANA) – The African Development Bank (AfDB) will give US$22 million to help build two new hydroelectric dams in Burundi, which is experiencing a serious energy crisis. Full text...

  • Kenya: East African leaders target US-Africa Summit for infrastructure funding
    31 july 2014 16:20:11
    Nairobi, Kenya (PANA) -East African leaders have resolved to present a financing proposal for the Lamu Port Southern Sudan-Ethiopia Project (LAPSSET) to potential financiers at the US-Africa Summit in Washington DC next week. Full text...

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