Economy -
  • SA for Zim trade fair
    23 april 2013 10:55:51
    Cape Town, South Africa (PANA) - South Africa’s Deputy Minister of Trade and Industry Elizabeth Thabethe is leading a group of 47 South African companies to the 54th edition of the Zimbabwe International Trade Fair (ZITF) in Bulawayo from Tuesday to Saturday. Full text...

  • Nigeria to save 755b naira from metering policy
    23 april 2013 10:13:10
    Lagos, Nigeria (PANA) - Nigeria's Minister of Trade and Investment Olusegun Aganga has expressed optimism that the implementation of accurate metering policy by the weights and measures department of the ministry will save about 755 billion naira (US$4.7 billion) monthly for the country. Full text...

  • ECOWAS experts discuss data content
    22 april 2013 20:45:25
    Cotonou, Benin (PANA) - A regional consultative meeting has ended in Cotonou, Republic of Benin, on the design of format and content of the ECOWAS Development Programme (CDP) project datasheets and modalities for analysing the project datasheets. Full text...

  • Nigerian govt. to create 3.5 million jobs in agric sector by 2015
    22 april 2013 13:11:54
    Lagos, Nigeria (PANA) - In a bid to reduce the growing unemployment figures in the country, the Nigerian government has said it will generate about 3.5 million jobs in the agricultural sector by the end of 2015. Full text...

  • Monday’s forex rates for Mauritanian Ouguiya
    22 april 2013 12:28:18
    Nouakchott, Mauritania (PANA) – Following are Monday's foreign exchange rates for the Mauritianian Ouguiya: Full text...

  • Monday's forex rates for Gambian Dalasis
    22 april 2013 12:22:33
    Dakar, Senegal (PANA) – Following are Monday's foreign exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Nigerian minister says powerful cabals slowing down power sector reforms
    22 april 2013 12:19:46
    Lagos, Nigeria (PANA) - The Nigerian Minister of Power, Prof. Chinedu Nebo, has blamed "powerful cabals" for the slow pace of reforms in the electricity sector, saying "there are Full text...

  • UN, int'l financial institutions agree to share data for development
    22 april 2013 11:41:30
    Lagos, Nigeria (PANA) - Recognizing the power of information to shape better policies, guide development programmes and increase accountability, the UN Secretary-General Ban Ki-moon, along with leaders of six multilateral financial institutions, Monday announced measures to strengthen inter-agency sharing and collaboration on issues related to data and statistical capacity building. Full text...

  • Monday's foreign exchange rates in Zambia
    22 april 2013 10:53:35
    Lusaka, Zambia (PANA) – Following are Monday's foreign exchange rates for the Zambian kwacha: Full text...

  • Monday’s forex rates for CFA in Central Africa
    22 april 2013 10:51:00
    Libreville, Gabon (PANA) – Following are Monday's foreign exchange rates for the CFA Central African States: Full text...

  • Monday’s forex rates for Mauritian rupee
    22 april 2013 10:47:54
    Port-Louis, Mauritius (PANA) – Following are Monday's foreign exchange rates for the Mauritian rupee: Full text...

  • IMF committed to addressing economic challenges in Egypt, says IMF Chief
    22 april 2013 07:47:08
    New York, US (PANA) - International Monetary Fund (IMF) Managing Director, Ms. Christine Lagarde, has said that the Fund is committed to addressing Egypt's economic and financial challenges, an IMF statement said on Monday. Full text...

  • Stakeholders call for accelerated implementation of infrastructure in Africa
    21 april 2013 09:24:20
    Johannesburg, South Africa (PANA) - Stakeholders, including Regional Economic Communities (RECs), the African Union, NEPAD, development partners and the World Economic Forum (WEF), have ended a three-day meeting in Johannesburg, South Africa, with a call for accelerated implementation of the Programme for Infrastructure Development in Africa (PIDA). Full text...

  • IMF to support Tunisia's economic reform agenda
    20 april 2013 15:26:00
    New York, US (PANA) - The International Monetary Fund (IMF) on Saturday said it had reached an agreement with Tunisia on a two-year US$ 1.75 billion Stand-By Arrangement (SBA) to support the government's economic reforms. Full text...

  • ECOWAS, other stakeholders discuss infrastructure development in Africa
    19 april 2013 17:42:47
    Abuja, Nigeria (PANA) - A three-day international workshop is underway in Johannesburg, South Africa, on the implementation of the Programme for Infrastructure Development in Africa (PIDA) and private sector financing of infrastructure in the continent, according to an official statement, received here by PANA. Full text...

  • Friday's forex rates in Gambia
    19 april 2013 17:06:16
    Dakar, Senegal (PANA) – Following are Friday's foreign exchange rates for the Gambian currency, the Dalasis, (D): Full text...

  • IMF expert urges computerization of Congolese Customs
    19 april 2013 17:04:15
    Brazzaville, Congo (PANA) – The International Monetary Fund (IMF) has urged the Congolese authorities to invest about CFA F 200 million into the computerization of its Customs to enable the department effectively monitor goods coming into the country, according to a communiqué released Friday by Congolese presidency. Full text...

  • AfDB upbeat over Africa's economic growth
    19 april 2013 16:42:39
    Dakar, Senegal (PANA) – The African Development Bank (AfDB) Thursday released a new report on ''structured finance'' techniques and economic growth in Africa, saying ''seven out of the 10 fastest-growing countries in the last few years'' are from the continent. Full text...

  • Congo gets CFA F 200m from FDA to train electricity workers
    19 april 2013 14:11:52
    Brazzaville, Congo (PANA) - The French Development Agency (FDA) has given Congo a grant of CFA F 200 million to help the country finance the training of workers of its national electricity supply company (SNE), the Congolese Ministry of Energy and Water said in a statement issued here Friday. Full text...

  • Friday’s forex rates for Mauritian rupee
    19 april 2013 12:40:28
    Port-Louis, Mauritius (PANA) - Following are Friday's exchange rates for the Mauritian rupee: Full text...

  • Friday's exchange rates in Zambia
    19 april 2013 11:52:33
    Lusaka, Zambia (PANA) - Following are Friday's exchange rates for the Zambian kwacha: Full text...

  • Friday's forex rates for Central African CFA
    19 april 2013 11:49:06
    Libreville, Gabon (PANA) - Following are Friday's exchange rates for the CFA issued by the Bank of Central African States (BEAC): Full text...

  • Tanzania's forex rates Friday
    19 april 2013 08:38:44
    Dar es Salaam, Tanzania (PANA) - Following are Friday's exchange rates for the Tanzanian shilling: Full text...

  • Thursday's foreign exchange rates in Nigeria
    18 april 2013 20:13:59
    Lagos, Nigeria (PANA) - Following are the latest exchange rates for the Nigerian currency, the Naira: Full text...

  • Ethiopian Prime minister, French businessmen meet Friday in Paris
    18 april 2013 18:35:21
    Paris, France (PANA) – A group of French businessmen, under the umbrella movement of French companies (Medef-International), will Friday in Paris meet with the Ethiopian Prime Minister, Hailemariam Dessalegn, who is currently on a visit to France. Full text...

  • Gambia ratifies aviation agreements with Kenya, Saudi Arabia
    18 april 2013 17:29:05
    Dakar, Senegal (PANA) – The Gambian Parliament Wednesday ratified two bilateral aviation agreements -- one with Kenya and the other with Saudi Arabia. Full text...

  • Brazzaville, EDF sign agreement to improve electricity supply in Congo
    18 april 2013 14:07:24
    Brazzaville, Congo (PANA) - The Congolese government and the French company, Energie de France (EDF), have signed an agreement under which Congo will adequately tackle its energy challenges, according to an official statement released here Thursday. Full text...

  • Forex rates for Rwandan franc Thursday
    18 april 2013 12:59:24
    Kigali, Rwanda (PANA) – Following are Thursday's foreign exchange rates for the Rwandan franc: Full text...

  • Thursday's forex rates in Zambia
    18 april 2013 12:56:37
    Lusaka, Zambia (PANA) – Following are the latest foreign exchange rates for the Zambian kwacha this Thursday: Full text...

  • Thursday’s forex rates for Mauritanian Ouguiya
    18 april 2013 12:53:32
    Nouakchott, Mauritania (PANA) – Following are Thursday's exchange rates for the Mauritanian Ouguiya: Full text...

  • Thursday’s forex rates for Mauritian rupee
    18 april 2013 12:50:44
    Port-Louis, Mauritius (PANA) – Following are Thursday's foreign exchange rates for the Mauritian rupee: Full text...

  • RwandAir Express acquires new Boeing 737-700
    18 april 2013 11:23:32
    Kigali, Rwanda (PANA) - RwandAir, the national carrier of the Republic of Rwanda, has acquired a new generation Boeing 737-700, with capacity for 120 passengers, PANA learnt Thursday from aviation sources in Kigali, the capital. Full text...

  • Thursday’s forex rates for Central African CFA
    18 april 2013 11:17:28
    Libreville, Gabon (PANA) – Following are Thursday's foreign exchange rates for the CFA in Central Africa: Full text...

  • Tanzania's forex rates Thursday
    18 april 2013 07:37:21
    Dar es Salaam, Tanzania (PANA) - Following are Thursday's foreign exchange rates for the Tanzanian shilling: Full text...

  • 'Nigeria lost US$ 1.23 billion to oil theft in first quarter of 2013'
    18 april 2013 07:21:25
    Lagos, Nigeria (PANA) - Nigeria lost 191 billion Naira (about US$ 1.23 billion) to oil theft and vandalism in the first quarter of 2013 as crude oil theft continued to threaten the country’s revenue base, the local PUNCH newspaper reported Thursday. Full text...

  • Forex rates in Nigeria Wednesday
    17 april 2013 20:39:01
    Lagos, Nigeria (PANA) - Here are Wednesday's foreign exchange rates for the Nigerian currency, the Naira: Full text...

  • Survey says high transport costs negatively affecting Africa's exports
    17 april 2013 20:30:13
    Paris, France (PANA) – Transport cost constitutes between 30% and 50% of the value of African exports and this is negatively affecting their competitiveness on the local and international markets, says an international survey released on Wednesday in Paris. Full text...

  • Wednesday's forex rates in Rwanda
    17 april 2013 19:33:19
    Kigali, Rwanda (PANA) – Here are Wednesday's foreign exchange rates for the Rwandan franc: Full text...

  • Wednesday's forex rates in The Gambia
    17 april 2013 13:57:25
    Dakar, Senegal (PANA) - Following are Wednesday's foreign exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Wednesday's exchange rates for Mauritanian Ouguiya
    17 april 2013 12:23:05
    Nouakchott, Mauritania (PANA) - Following are Wednesday's exchange rates for the Mauritanian Ouguiya: Full text...

  • Tuesday’s forex rates for Mauritian rupee
    17 april 2013 12:21:58
    Port-Louis, Mauritius (PANA) - Following are Wednesday's exchange rates for the Mauritian rupee: Full text...

  • Kenya mobile telecoms data drives 3G expansion
    17 april 2013 12:01:23
    Addis Ababa, Ethiopia (PANA) - Kenya’s telecommunications market is one of the most dynamic in sub-Saharan Africa and, with the successful mobile money applications and the deployment of LTE (long-term evolution) in 2013, the East African country is a critical regional market for investors, operators and vendors, according to a new report from Pyramid Research (PR). Full text...

  • Nigeria gives foreign airlines 2 weeks to comply with revenue automation
    17 april 2013 11:58:25
    Lagos, Nigeria (PANA) - The regulatory Nigerian Civil Aviation Authority (NCAA) has issued a two-week ultimatum to foreign airlines to comply with the agency's revenue automation or face sanctions. Full text...

  • BADEA grants Cameroon US$7.5m loan to build school
    17 april 2013 11:35:09
    Yaounde, Cameroon (PANA) - The Arab Bank for Economic Development in Africa (BADEA) has granted a loan of US$7.5 million to Cameroon to construct and equip a Technical Secondary School at Ombe. Full text...

  • Angola to quintuple power production by 2017
    17 april 2013 11:28:04
    Luanda, Angola (PANA) - The Angolan government will invest 1.7 billion Kwanza to quintuple power production capacity in the country by 2017, according to the Minister of Energy and Water, Mr. João Baptista Borges. Full text...

  • Cote d'Ivoire, BADEA sign US$12m loan pact
    17 april 2013 11:26:41
    Abidjan, Côte d'Ivoire (PANA) - Cote d'Ivoire and the Arab Bank for Economic Development in Africa (BADEA) have signed a pact for a loan of US$12 million to the West African nation to finance a road project. Full text...

  • Partners pledge US$300m more support for South Sudan
    17 april 2013 10:20:08
    Washington, DC, US (PANA) - South Sudan's international partners have indicated they could raise their contributions to the country by US$300 million over the approximately US$1.3 billion which they gave to the African nation this year. Full text...

  • Minister vows to end corruption in Nigeria's power sector
    17 april 2013 09:42:24
    Lagos, Nigeria (PANA) - Nigeria's Minister of Power Chinedu Nebo has warned that the era of fraud in any form in the nation’s power sector is over. Full text...

  • Tuesday's foreign exchange rates for Nigerian Naira
    16 april 2013 20:13:27
    Lagos, Nigeria (PANA) - Following are Tuesday's foreign exchange rates for the Nigerian currency, the Naira: Full text...

  • Tuesday's forex rates in Rwanda
    16 april 2013 19:10:18
    Kigali, Rwanda (PANA) – Here are Tuesday's foreign exchange rates for the Rwandan Franc: Full text...

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