Economy -
  • Mauritius: Mauritius to attain 35% of renewable energy by 2025
    01 october 2014 14:19:25
    Port-Louis, Mauritius (PANA) - Mauritius aims to produce about 35% of its electricity needs from renewable sources, supported by several projects that include wind-farms and photovoltaic farms and Waste-to-Energy projects that are already in operation, according to the Executive chairman of the Maurice Ile Durable Fund (MID), Osman Mahomed. Full text...

  • Tanzania: Zambia, Tanzania, Kenya sign MoU to develop power interconnector project
    01 october 2014 13:29:22
    Dar es Salaam, Tanzania (PANA) - Energy ministers from Tanzania, Kenya and Zambia have signed a memorandum of understanding (MoU) to undertake a sub-regional power interconnector project aimed at facilitating power trading in the three countries. Full text...

  • Ethiopia: WB offers US$600m boost to Ethiopia's 'work-for-food' plan
    01 october 2014 13:03:59
    Addis Ababa, Ethiopia (PANA) - The World Bank has approved US$600 million to boost Ethiopia’s fight against rural poverty through the East African nation’s 10-year-long programme, known as the Productive Safety Net Project. Full text...

  • Tanzania: IMF mission notes Seychelles’ commitment to continued strong policies
    01 october 2014 11:32:51
    Dar es Salaam, Tanzania (PANA) - Highlighting the risks that public enterprises can pose to the public finances and development of the private sector, an International Monetary Fund (IMF) mission has stressed to the authorities in Seychelles the importance of pursuing plans to strengthen their oversight and governance, while enlarging the private sector’s role in the economy. Full text...

  • Mauritania: Wednesday's forex rates for Ouguiya
    01 october 2014 10:34:31
    Nouakchott, Mauritania (PANA) - Following are Wednesday's exchange rates for the Mauritanian Ouguiya: Full text...

  • Libya: Wednesday's exchange rates for Libyan Dinar
    01 october 2014 10:18:23
    Tripoli, Libya (PANA) - Following are Wednesday's exchange rates for the Libyan Dinar: Full text...

  • Senegal: Wednesday’s forex rates for Gambian Dalasis
    01 october 2014 09:42:03
    Dakar, Senegal (PANA) - Following are Wednesday’s exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Tanzania: IMF advises DRC on taming pervasive poverty
    01 october 2014 09:40:18
    Dar es Salaam, Tanzania (PANA) - Despite strong macroeconomic performance by the Democratic Republic of Congo (DRC), poverty remains pervasive and the economy vulnerable, exposing this progress to reversal, the International Monetary Fund (IMF) has observed after its consultation with the authorities in Kinshasa. Full text...

  • Tanzania: Wednesday's forex rates for Shilling
    01 october 2014 08:29:37
    Dar es Salaam, Tanzania (PANA) - Following are Wednesday's exchange rates for the Tanzania Shilling, as issued by the Bank of Tanzania: Full text...

  • Mauritius: Wednesday's forex rates for Rupee
    01 october 2014 08:25:12
    Port-Louis, Mauritius (PANA) - Following are Wednesday's exchange rates for the Mauritian Rupee: Full text...

  • Ghana: Wednesday's exchange rates for Ghana cedi
    01 october 2014 08:23:31
    Accra, Ghana (PANA) - The following are Wednesday's average inter-bank exchange rates for the Ghana cedi, as announced by the Ghana Association of Bankers: Full text...

  • Nigeria: Tuesday's foreign exchange rates in Nigeria
    30 september 2014 22:34:36
    Lagos, Nigeria (PANA) - Here are the latest exchange rates for the Nigerian currency, the Naira, against other major foreign currencies, as released by the Central Bank of Nigeria (CBN). Full text...

  • Mauritania: Tuesday's exchange rates for Ouguiya
    30 september 2014 19:30:33
    Nouakchott, Mauritania (PANA) - Following are Tuesday's foreign exchange rates for the Mauritanian Ouguiya: Full text...

  • Gabon: Tuesday's forex rates in Central Africa
    30 september 2014 19:19:17
    Libreville, Gabon (PANA) - Following are Tuesday's exchange rates in the Central African States: Full text...

  • Libya:Tuesday's exchange rates for Libyan Dinar
    30 september 2014 19:17:27
    Tripoli, Libya (PANA) - Following are Tuesday's exchange rates for the Libyan Dinar: Full text...

  • Mauritius: Tuesday's forex rates for Rupee
    30 september 2014 18:53:07
    Port Louis, Mauritius (PANA) - Following are Tuesday's exchange rates for the Mauritian Rupee: Full text...

  • Ethiopia: Shift to 'green economy' boosting economic growth in Ethiopia
    30 september 2014 09:55:02
    Addis Ababa, Ethiopia (PANA) - Ethiopia will boost economic growth by investing in renewable energy sources, introducing new cooking technologies for the rural folk and boosting livestock trade in efforts to cut greenhouse gases, officials said Monday. Full text...

  • Senegal: Tuesday’s forex rates for Gambian Dalasis
    30 september 2014 09:45:02
    Dakar, Senegal (PANA) - Following are Tuesday’s exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Ghana: Tuesday's exchange rates for Ghana cedi
    30 september 2014 09:32:26
    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...

  • Zambia: Kwacha predicted to trade within tight range this week
    30 september 2014 09:17:59
    Lusaka, Zambia (PANA) - The Zambian Kwacha is likely to continue to trade within a tight range for most parts of this week, according to Cavmont Bank here. Full text...

  • Tanzania: 'Zimbabwe stuck in economic hardship, despite redoubled efforts'
    30 september 2014 08:09:50
    Dar es Salaam, Tanzania (PANA) - Though the Zimbabwe government has redoubled its efforts to re-balance policies toward a stable macroeconomic environment conducive to private sector-led growth, economic conditions in the southern African country remain difficult, according to a latest assessment by staff of the International Monetary Fund (IMF). Full text...

  • Tanzania: Tuesday's forex rates for Shilling
    30 september 2014 07:06:54
    Dar es Salaam, Tanzania (PANA) - Following are Tuesday's exchange rates for the Tanzania Shilling, as issued by the Bank of Tanzania: Full text...

  • Nigeria: Monday's foreign exchange rates in Nigeria
    29 september 2014 21:31:56
    Lagos, Nigeria (PANA) - Following are the latest exchange rates for the Nigerian currency, the Naira, against other currencies, as released by the Central Bank of Nigeria (CBN). Full text...

  • Tanzania: Telecel Zimbabwe unveils hospitality, funeral cover for subscribers
    29 september 2014 18:50:00
    Dar es Salaam, Tanzania (PANA) - Zimbabwe mobile phone company, Telecel Zimbabwe has partnered insurance firm Zimnat Lion in launching a funeral and hospital insurance package called Telecare for its subscribers, according to Monday's update by global telecoms industry monitor Pyramid Research. Full text...

  • Malawi: Malawi nets US$360m from tobacco
    29 september 2014 15:39:54
    Blantyre, Malawi (PANA) - The just-ended, tobacco-selling season in Malawi has contributed at least US$361 million to the economy, almost equalling earnings from last year's sales. Full text...

  • Kenya: Kenya urges speedy conclusion of Euro EPA
    29 september 2014 14:09:17
    Nairobi, Kenya (PANA) - Kenya's Foreign Affairs Cabinet Secretary, Amina Mohamed, has called for the speedy conclusion of the Economic Partnership Agreement (EPA) with the European Union (EU). Full text...

  • Kenya: President Kenyatta negotiates direct flights to US
    29 september 2014 13:57:56
    Nairobi, Kenya (PANA) - Kenya's President Uhuru Kenyatta, has personally taken up the negotiations for direct flights to United states of America, the Ministry of Foreign Affairs and International Trade has said. Full text...

  • Ghana: Monday's exchange rates for Ghana cedi
    29 september 2014 10:44:18
    Accra, Ghana (PANA) - The following are Monday's average inter-bank exchange rates for Ghana cedi, as announced by the Ghana Association of Bankers: Full text...

  • Nigeria: Nigerian Diaspora remits US$21.5b home
    29 september 2014 10:15:56
    Lagos, Nigeria (PANA) - Nigerians in the Diaspora have remitted about US$21.5 billion to their homeland in the past two years, a contribution that was only surpassed by revenue from oil, according to chairman of the Nigerian Diaspora Organization (NIDO), America Board of Directors, Gabe Okoye. Full text...

  • Senegal: Monday’s forex rates for Gambian Dalasis
    29 september 2014 09:21:19
    Dakar, Senegal (PANA) - Following are Monday’s exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Tanzania: Monday's forex rates for Shilling
    29 september 2014 09:01:30
    Dar es Salaam, Tanzania (PANA) - Following are Monday's exchange rates for the Tanzania Shilling, as issued by the Bank of Tanzania: Full text...

  • Mauritania: Sunday's forex rates for Ouguiya
    28 september 2014 13:13:04
    Nouakchott, Mauritania (PANA) - Following are Sunday's exchange rates for the Mauritanian Ouguiya: Full text...

  • Nigeria: Nigeria says retention of Category 1 status opens aviation sector for investments
    27 september 2014 16:48:16
    Lagos, Nigeria (PANA) - Nigeria has said the recent retention of the Category One status of the US Federal Aviation Administration (FAA) will open up the sector for the much-needed investments. Full text...

  • Senegal: Saturday’s forex rates for Gambian Dalasis
    27 september 2014 09:03:22
    Dakar, Senegal (PANA) – Following are Saturday’s exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Tanzania: Mali's economy revs up as security situation normalises
    27 september 2014 08:30:11
    Dar es Salaam, Tanzania (PANA) - After its zero growth in 2012 due to the insecurity crisis, Mali's economy is returning to its normal growth path, with an increase in real gross domestic product (GDP) of 5.8%, the International Monetary Fund (IMF) has confirmed. Full text...

  • Nigeria: Friday's foreign exchange rates in Nigeria
    26 september 2014 23:16:52
    Lagos, Nigeria (PANA) - Here are the latest exchange rates for the Nigerian currency, the Naira, against other currencies, as released by the Central Bank of Nigeria (CBN). Full text...

  • Tanzania: IMF staff mission hails Senegal's economic performance
    26 september 2014 20:36:06
    Dar es Salaam, Tanzania (PANA) - An International Monetary Fund (IMF) mission on Friday concluded a 10-day visit to Senegal contented with the commitment of the West African country's authorities to achieve and sustain high and inclusive growth. Full text...

  • Mali: AfDB approves two loans for Mali
    26 september 2014 20:31:07
    Bamako, Mali (PANA) – The African Development Bank (AfDB) has approved two loans totalling 36.7 billion CFAF for two projects in Mali in industrial development and agriculture sectors. Full text...

  • US: IMF says Ghana faces slowdown in economic growth, rising inflation
    26 september 2014 18:31:31
    New York, US (PANA) - The International Monetary Fund (IMF) on Friday said that Ghana is facing significant domestic and external vulnerabilities on the back of a large fiscal deficit, a slowdown in economic growth and rising inflation. Full text...

  • Mauritius: Too much sugar in the world, says Mauritian Sugar chief
    26 september 2014 15:15:40
    Port-Louis, Mauritius (PANA) - Mauritius Sugar Syndicate’s Secretary and CEO designate Devesh Dukhira, Friday told stakeholders in the island that the price of white sugar on the word market reached a five-year low of US$ 385 last week from a peak of about US$ 850 per ton on the London reference market in July 2011. Full text...

  • Mali: Mali, IMF reach agreement
    26 september 2014 15:09:21
    Bamako, Mali (PANA) – A delegation of the International Monetary Fund (IMF), on a visit to Mali, has reached an agreement with the Malian authorities, but the deal is subject to approval by the IMF board of directors when it meets in December. Full text...

  • Zambia: Kwacha weakens against US dollar
    26 september 2014 14:56:38
    Lusaka, Zambia (PANA) – The Kwacha closed Thursday's trading session at 6.215 / 6.235, which was 0.81 percent (K0.05) weaker than the day's opening rate. Full text...

  • Tunisia: Oil production drops in Tunisia
    26 september 2014 14:54:36
    Tunis, Tunisia (PANA) – Oil production in Tunisia has dropped to 57,000 barrels/day this year, says the Tunisian Minister of Industry, Energy and Mines, Kamel Ben Naceur, while presiding over the opening session of the fourth oil and gas summit in Hammamet Friday. Full text...

  • Gabon: Friday’s forex rates in Central Africa
    26 september 2014 13:59:30
    Libreville, Gabon (PANA) – Here are Friday's foreign exchange rates for the Central African States: Full text...

  • Mauritius: Friday's forex rates for Rupee
    26 september 2014 11:06:35
    Port-Louis, Mauritius (PANA) - Following are Friday's exchange rates for the Mauritian Rupee: Full text...

  • Tanzania: Cape Verde needs to prop up productivity, says IMF
    26 september 2014 11:04:45
    Dar es Salaam, Tanzania (PANA) - Cape Verde, as a new middle-income country, faces the challenge of bolstering productivity and diversification of its sources of growth over the long term, the International Monetary Fund (IMF) has observed after consultation with the country's authorities on its economic development and policies. Full text...

  • Senegal: Friday’s forex rates for Gambian Dalasis
    26 september 2014 08:50:03
    Dakar, Senegal (PANA) - Following are Friday’s exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Tanzania: Guinea-Bissau, IMF mission reach staff-level deal on financial assistance
    26 september 2014 08:17:18
    Dar es Salaam, Tanzania (PANA) - An International Monetary Fund (IMF) mission has reached agreement with the authorities of Guinea-Bissau on an emergency programme that could be supported by the Fund's Rapid Credit Facility (RCF) to the tune of SDR 3.55 million (about CFAF 2.7 billion or US$5.4 million), the IMF said Friday. Full text...

  • Ghana: Friday's exchange rates for Ghana cedi
    26 september 2014 07:42:25
    Accra, Ghana (PANA) - The following are Friday's average inter-bank exchange rates for the Ghana cedi, as announced by the Ghana Association of Bankers: Full text...

  • Tanzania: Friday's forex rates for Shilling
    26 september 2014 07:16:37
    Dar es Salaam, Tanzania (PANA) - Following are Friday's foreign exchange rates for the Tanzania Shilling, as issued by the Bank of Tanzania: Full text...

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