Economy -
  • 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...

  • IOC moves to ensure effective fisheries surveillance in Africa
    16 april 2013 17:57:14
    Ebène, Mauritius (PANA) - The Indian Ocean Commission (IOC) Tuesday made available a little over 1 million Euros, through the Smartfish Programme, to reinforce the existing efforts in joint fisheries surveillance in the Indian Ocean and Lake Victoria in Africa, PANA reported from here. Full text...

  • Botswana’s inflation rises to 7.6%
    16 april 2013 14:48:21
    Gaborone, Botswana (PANA) - Botswana’s inflationary pressures continue to build up in the economy as reflected by the March inflation rate which rose to 7.6% year-on-year from 7.5% in February, according to data released by Statistics Botswana (SB). Full text...

  • AfDB counsels Nigeria on economic development
    16 april 2013 13:16:43
    Lagos, Nigeria (PANA) - The African Development Bank (AfDB) has urged Nigeria to re-evaluate its development strategy in order to achieve inclusive growth that will impact positively on the majority of the people. Full text...

  • Tuesday’s exchange rates for Mauritanian Ouguiya
    16 april 2013 13:09:27
    Nouakchott, Mauritania (PANA) - Following are Tuesday’s exchange rates for the Mauritanian Ouguiya: Full text...

  • Tuesday's exchange rates in Zambia
    16 april 2013 12:48:14
    Lusaka, Zambia (PANA) - Following are Tuesday's exchange rates for the Zambian kwacha: Full text...

  • Tuesday’s forex rates for Mauritian rupee
    16 april 2013 11:24:11
    Port-Louis, Mauritius (PANA) - Following are Tuesday's exchange rates for the Mauritian rupee: Full text...

  • Tuesday's forex rates for Central African CFA
    16 april 2013 11:22:59
    Libreville, Gabon (PANA) - Following are Tuesday's exchange rates for the CFA francs issued by the Bank of Central African States (BEAC): Full text...

  • Tanzania's forex rates Tuesday
    16 april 2013 07:55:52
    Dar es Salaam, Tanzania (PANA) - Following are Tuesday's exchange rates for the Tanzanian shilling: Full text...

  • Gambia annouces 25-percent tariff increase for ferry services
    15 april 2013 19:09:51
    Dakar, Senegal (PANA) – The Gambia has announced a 25-percent tariff increase for the West African country's ferry services which will take affect from 1 May, PANA reported Monday. Full text...

  • Monday's forex rates in Zambia
    15 april 2013 13:29:17
    Lusaka, Zambia (PANA) – Following are Monday's foreign exchange rates for the Zambian Kwacha: Full text...

  • Monday's forex rates for Gambian currency
    15 april 2013 13:02:40
    Dakar, Senegal (PANA) - Following are Monday's forex rates for the Gambian currency, the Dalasis (D): Full text...

  • Nigeria’s telecom regulatory agency to boost sector
    15 april 2013 12:08:52
    Lagos, Nigeria (PANA) - The regulatory Nigerian Communications Commission (NCC) has outlined a five-year Strategic Master Plan (SMP) that will boost the level of investments in the country’s telecommunications sector, media reports said Monday. Full text...

  • Monday’s forex rates for Mauritanian Ouguiya
    15 april 2013 11:35:52
    Nouakchott, Mauritania (PANA) - Following are Monday's exchange rates for the Mauritanian Ouguiya: Full text...

  • Monday’s forex rates for Mauritian rupee
    15 april 2013 11:12:32
    Port Louis, Mauritius (PANA) - Following are Monday's exchange rates for the Mauritian rupee: Full text...

  • Monday’s forex rates for Central African CFA
    15 april 2013 11:10:52
    Libreville, Gabon (PANA) - Following are Monday's exchange rates for the CFA issued by the Bank of Central African States (BEAC): Full text...

  • West Africa Gas Pipeline firm to resume gas supply to Ghana, others (corrected)
    15 april 2013 08:40:27
    Lagos, Nigeria (PANA) - The West Africa Gas Pipeline Company (WAGPCO) is billed to resume gas flow through its pipeline on 30 April, 2013, when the repair of its damaged pipeline is expected to have been completed, the company said. Full text...

  • Tanzania's forex rates Monday
    15 april 2013 06:23:06
    Dar es Salaam, Tanzania (PANA) - Following are Monday's exchange rates for the Tanzanian shilling: Full text...

  • Nigeria's opposition warns against rising oil theft
    14 april 2013 13:29:08
    Lagos, Nigeria (PANA) - The main opposition Action Congress of Nigeria (ACN) has warned that Full text...

  • IMF resumes relations with Somalia after 22-year break
    13 april 2013 16:53:06
    New York, US (PANA) - The International Monetary Fund (IMF) has resumed relations with Somalia after a 22-year interval following the prolonged civil war in the Horn of Africa country. Full text...

  • Friday's foreign exchange rates for CFAF
    12 april 2013 20:49:59
    Libreville, Gabon (PANA) – The following are the exchange rates for the FCFA compared to other currencies across the globe, according to the Bank of Central African States (BEAC) in Libreville, Gabon. Full text...

  • Friday's forex rates for Gambian Dalasis
    12 april 2013 15:39:47
    Dakar, Senegal (PANA) – Following are Friday's forex rates for the Gambian currency, the Dalasis (D): Full text...

  • Friday's exchange rates in Zambia
    12 april 2013 12:49:10
    Lusaka, Zambia (PANA) - Following are Friday's exchange rates for the Zambian kwacha: Full text...

  • Friday’s forex for Rwandan Franc
    12 april 2013 11:57:12
    Kigali, Rwanda (PANA) - Following are Friday's exchange rates for the Rwandan franc: Full text...

  • Friday’s forex rates for Mauritian rupee
    12 april 2013 11:53:39
    Port-Louis, Mauritius (PANA) - Following are Friday's exchange rates for the Mauritian rupee: Full text...

  • Tanzania's forex rates Friday
    12 april 2013 07:55:50
    Dar es Salaam, Tanzania (PANA) - Following are Friday's exchange rates for the Tanzanian shilling: Full text...

  • Thursday's forex rates in Nigeria
    11 april 2013 19:06:38
    Lagos, Nigeria (PANA) - Here are Thursday's foreign exchange rates for the Nigerian currency, the Naira: Full text...

  • IMF delegation ends 6-day visit to Gambia
    11 april 2013 18:14:26
    Dakar, Senegal (PANA) – A delegation from the International Monetary Fund (IMF), led by David Dunn, Wednesday concluded a six-day working visit to the Gambia during which it met with President Yahya Jammeh and senior Gambian government officials. Full text...

  • Aggreko-Shanduka named Africa’s best fast track power project
    11 april 2013 15:07:54
    Johannesburg, South-Africa (PANA) - The Aggreko-Shanduka cross-border power project, located at Ressano Garcia in Mozambique, has been named Africa’s Best Fast Track Power Project in 2012, organizers of the African Energy Awards ceremony indicated here Thursday. Full text...

  • Zuma to attend SACU summit in Gaborone
    11 april 2013 13:29:56
    Cape Town, South Africa (PANA) – President Jacob Zuma will on Friday attend the Southern African Customs Union (SACU) Summit in Gaborone, Botswana, presidential spokesman Mac Maharaj, has indicated. Full text...

  • Libya grants US$ 2 billion loan to Egypt
    11 april 2013 11:52:04
    Tripoli, Libya (PANA) - Libya has granted an interest free loan, worth US$ 2 billion, to Egypt under an agreement signed Wednesday in Cairo, the Egyptian news agency, MENA, reported, quoting an official from the Libyan Finance ministry. Full text...

  • Thursday’s forex rates for Central African CFA
    11 april 2013 11:47:07
    Libreville, Gabon (PANA) – Here are Thursday's foreign exchange rates for the CFA in central African States: Full text...

  • Thursday’s forex rates for Mauritanian Ouguiya
    11 april 2013 11:45:18
    Nouakchott, Mauritania (PANA) – Following are Thursday's foreign exchange rates for the Mauritanian Ouguiya: Full text...

  • Entries for NEPAD essay, photo competitions on
    11 april 2013 11:24:49
    Lagos, Nigeria (PANA) - The New Partnership for Africa’s Development (NEPAD), in partnership with the Technical Centre for Agriculture and Rural Cooperation (CTA), has invited entries for its photo and essay competition, according to a statement from the organization, received by PANA here Thursday. Full text...

  • Tanzania's forex rates Thursday
    11 april 2013 07:26:20
    Dar es Salaam, Tanzania (PANA) - Following are Thursday's exchange rates for the Tanzanian shilling: Full text...

  • Shortage of gas, fuel hits Libreville
    10 april 2013 17:29:35
    Libreville, Gabon (PANA) – Following the growing demand for oil products in Gabon, the current production capacity of 6,000 cubic metres will meet demands for only three days instead of the previous six days, the managing director of the Gabonese refinery company (SOGARA), Pierre Reteno Ndiaye, told a news conference here Wednesday. Full text...

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