Economy -
  • Egypt shifting public funds from infrastructure to invest in people
    11 december 2018 16:48:45
    Cairo, Egypt (PANA) - Egypt has an opportunity to capitalize on current reforms by enabling more private investment in infrastructure and freeing up public funds for investments in people’s education, health and social protection, according to a new World Bank report launched on Tuesday in Cairo. Full text...

  • Africa's biggest trade exhibition event in Cairo aims to excite private mergers, acquisitions
    11 december 2018 15:06:34
    Cairo, Egypt (PANA) - Trade exhibitors from around Africa and the world convened in Cairo on Tuesday, for the launch of one of the African continent's biggest ever trade and economic exhibition, jointly organised by the African Union. Full text...

  • Tesla eyes first African operation
    11 december 2018 11:45:59
    Cape Town, South Africa (PANA) – South African-born billionaire Elon Musk has revealed that his electric car company could open its first store in Africa by the end of 2019. Full text...

  • Tuesday's forex rates for the Mauritanian Ouguiya
    11 december 2018 11:20:31
    Nouakchott, Mauritania (PANA) - Following are Tuesday's foreign exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Tuesday’s forex rates for the Gambian Dalasi
    11 december 2018 11:05:48
    Banjul, Gambia (PANA) – The following are Tuesday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Mali subdues inflation but fails to bring down poverty
    11 december 2018 09:48:01
    Bamako, Mali (PANA) – Mali will benefit from an immediate disbursement of US$43.85 million from the International Monetary Fund (IMF)’s Extended Credit Facility (ECF) which, over the last five years, helped Malian authorities create the foundations for solid growth and subdued inflation. Full text...

  • IMF Board approves US$34.9m support for Togo
    11 december 2018 09:45:14
    Lome, Togo (PANA) – Togo’s economic performance under the Extended Credit Facility (ECF)-supported programme of the International Monetary Fund (IMF) has been satisfactory despite a challenging environment, the Fund’s Executive Board has said. Full text...

  • Tuesday's forex rates for the Mauritian Rupee
    11 december 2018 08:18:55
    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...

  • IMF Board nods approval to Niger's economic performance
    11 december 2018 07:57:48
    Niamey, Niger (PANA) – Niger’s satisfactory economic performance in the first half of 2018 under the International Monetary Fund (IMF)’s Extended Credit Facility (ECF)-supported programme has qualified the country for increased access to IMF resources from 75 percent to 90 percent of quota. Full text...

  • IMF Chief hails CEMAC leaders’ commitment to reforms
    11 december 2018 07:25:05
    Washington, US (PANA) – International Monetary Fund (IMF) Managing Director Christine Lagarde has welcomed the commitment of the Central African Economic and Monetary Community (CEMAC) authorities to strong policies and far-reaching reforms, critical to ensure success of programmes supported by the Fund in the short and medium terms. Full text...

  • Good rains support Somalia’s economic activity
    10 december 2018 19:39:13
    Nairobi, Kenya (PANA) – Thanks to a favourable rainy season that is supporting Somalia’s economic activity in 2018 is recovering from the 2016–17 drought, particularly in the agricultural and livestock sectors, according to an International Monetary Fund (IMF) staff team that has completed the first review of the country’s recovery programme. Full text...

  • French aid agency sets US$ 5.8m aside to support start-ups in North Africa
    10 december 2018 18:39:09
    Paris, France (PANA) - Proparco, a subsidiary of the French Development Agency (AFD) dedicated to the private sector, signed on Sunday in Sharm El Sheik, Egypt, a $ 5.8 million investment fund in the first closing of the Sawari Ventures North Africa Fund I to invest in 25 growing start-ups in Egypt, Morocco and Tunisia. Full text...

  • Nigeria's GDP grows by 0.64 per cent, to 1.81 per cent
    10 december 2018 15:55:14
    Abuja, Nigeria (PANA) – Nigeria’s National Bureau of Statistics (NBS) on Monday released the country’s Gross Domestic Product (GDP) report for the third quarter of the year 2018 (Q3, 2018), saying that the Nigerian economy recorded a growth rate rise of 0.64 percentage points to 1.81 per cent. Full text...

  • EU gives Mali 32.5 billion CFAF for structural reforms
    10 december 2018 14:06:16
    Bamako, Mali (PANA) – The European Union (EU) has granted Mali 50 million Euros (about 32.5 billion CFAF), to enable the African county implement its structural reforms on security, governance and basic social services, the Malian ministry of foreign affairs and international cooperation told PANA on Monday. Full text...

  • Mauritanian-Moroccan forum on energy opens in Nouakchott
    10 december 2018 11:11:17
    Nouakchott, Mauritania (PANA) – A Mauritanian-Moroccan business forum on energy opened on Monday in Nouakchott. Full text...

  • Monday's forex rates for the CFA Franc in Central Africa
    10 december 2018 09:04:57
    Libreville, Gabon (PANA) – Following are Monday’s foreign exchange rates for the CFA Franc, as issued by the Bank of the Central African States. Full text...

  • Monday's forex rates for the Mauritian Rupee
    10 december 2018 09:03:18
    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...

  • Monday’s forex rates for the Gambian Dalasi
    10 december 2018 09:01:29
    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...

  • Malagasy president points to Africa's untapped opportunities
    09 december 2018 16:25:34
    Sharm el Sheikh, Egypt (PANA) - Madagascar President Hery Rajaonarimampianina said here on Sunday that Africa has important opportunities that should be exploited for the continent's development. Full text...

  • Sierra Leone president urges removal of barriers to investment in Africa
    09 december 2018 15:24:17
    Sharm el Sheikh, Egypt (PANA) - Sierra Leone President Julius Maada Bio has called for the removal of all barriers to investment in order to lead Africa's economies to a "future we aspire." Full text...

  • AUC chief urges Africa Business Forum to address continental challenges
    09 december 2018 14:27:05
    Sharm el Sheikh, Egypt (PANA) - African Union Commission Chair Moussa Faki Mahamat has urged the Africa 2018 Business Forum to focus on challenges facing the continent including intra-African trade, the role of the private sector, the situation of young entrepreneurs, the role of women, invention and new technologies. Full text...

  • WB, Senegal strengthen cooperation
    08 december 2018 13:02:55
    Ziguinchor, Senegal (PANA) – The World Bank (WB) will strengthen partnership with Senegal, within the framework of a synergy with the international financial company and the multilateral agency for investment guarantee (MIGA), for the implementation of projects and reforms under the second phase of the Senegalese emerging plan (PSE), the Bank’s operation director in Senegal, Louise Cord, announced on Friday. Full text...

  • Saturday's forex rates for Mauritanian Ouguiya
    08 december 2018 12:15:53
    Nouakchott, Mauritania (PANA) - Following are Saturday's foreign exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Saturday’s forex rates for Gambian Dalasi
    08 december 2018 08:58:48
    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...

  • On flight to sustainable development, ‘leave no country behind’, urges aviation agency
    08 december 2018 08:57:07
    Montreal, Canada (PANA) - Marking International Civil Aviation Day, the United Nations aviation agency, ICAO, is showcasing the socio-economic benefits and “tremendous” opportunities presented by the global journey towards sustainable development. Full text...

  • Cotonou hosts international conference on energy
    07 december 2018 21:04:30
    Cotonou, Benin (PANA) - Cotonou is hosting an international summit for the development of electricity in Africa (SIDE-Africa) to discuss the supply of energy to the continent without risk and at a low cost. Full text...

  • Libyan iron and steel company to create 6,000 new jobs
    07 december 2018 20:31:15
    Tripoli, Libya (PANA) - The chairman of the board of directors of the Libyan Steel and Iron Company, Mohamed Abdelmalek al-Fakih, has announced that the state-owned company will create more than 6,000 new jobs, as part of the development plan for the company. Full text...

  • Airlines want speedy implementation of liberalised air transport market
    07 december 2018 19:57:28
    Nairobi, Kenya (PANA) - The African Airlines Association (AFRAA) has called on African countries to speedily implement the Single African Air Transport Market (SAATM) and address the challenges slowing the growth of the aviation sector in Africa. Full text...

  • Friday's forex rates for the CFA Franc in Central Africa
    07 december 2018 11:04:27
    Libreville, Gabon (PANA) – Following are Friday’s foreign exchange rates for the CFA Franc, as issued by the Bank of the Central African States. Full text...

  • Friday's forex rates for the Mauritanian Ouguiya
    07 december 2018 10:47:11
    Nouakchott, Mauritania (PANA) - Following are Friday's foreign exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Barrow attends Africa Business Forum in Egypt
    07 december 2018 08:59:39
    Banjul, Gambia (PANA) - President Adama Barrow on Friday left for Sharm El Sheikh in Egypt to attend the 3rd Africa Business Forum, sources at the State House in Banjul have confirmed. Full text...

  • Friday's forex rates for the Mauritian Rupee
    07 december 2018 08:55:23
    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...

  • Gabon mining company Comilog names new MD
    06 december 2018 17:41:41
    Libreville, Gabon (PANA) - Gabonese mining company, Ogooué Mining Company (Comilog), a subsidiary of French group Eramet, has named Léod-Paul Batolo as the new Managing Director, an official statement said on Thursday. Full text...

  • Kenya Airways cuts flights to New York
    06 december 2018 14:49:03
    Nairobi, Kenya (PANA) - National carrier, Kenya Airways, said it is reducing the schedule for its Nairobi-New York route to five flights in a week, effective January 15, 2019, from the current daily flights. Full text...

  • Thursday's forex rates for the CFA Franc in Central Africa
    06 december 2018 11:11:55
    Libreville, Gabon (PANA) – Following are Thursday’s foreign exchange rates for the CFA Franc, as issued by the Bank of the Central African States. Full text...

  • ICGLR mines ministers meet in Brazzaville
    06 december 2018 09:15:58
    Brazzaville, Congo (PANA) - Experts of member countrie of the International Conference on the Great Lakes Region (ICGLR) assembled on Wednesday in Brazzaville to prepare for the mines ministerial meeting scheduled for Friday in the Congolese capital, public radio announced on Thursday. Full text...

  • Thursday's forex rates for the Mauritian Rupee
    06 december 2018 08:53:25
    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
    06 december 2018 07:33:01
    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...

  • Rwanda to tap into Chinese toutism market through e-commerce platforms
    05 december 2018 20:54:50
    Kigali, Rwanda (PANA) - Chinese tourists are now able to directly book tour packages to Rwanda following the launch of the ‘Visit Rwanda’ online pavilion on Fliggy, Alibaba’s travel platform, that is accessed by over 500 million users in China, a Rwandan government agency said on Wednesday. Full text...

  • Kenya mounts aggresive campaign targetting US tourists
    05 december 2018 19:12:32
    Nairobi, Kenya (PANA) - Kenya’s marketing arm has heightened the country’s tourism promotional campaign in the United States of America to increase visitation to Kenya in light of Kenya Airways’ direct flight between New York City and Nairobi. Full text...

  • African Union unveils commodities strategy
    05 december 2018 19:04:50
    Addis Ababa, Ethiopia (PANA) - The African Union Commission has called on countries to extract rent from minerals and other key commodities from value added products as it begins to implement its Commodities Strategy. Full text...

  • Inflation stabilized at 7.4 pc in Tunisia
    05 december 2018 17:12:59
    Tunis, Tunisia (PANA) - Tunisia's inflation rate stabilized at 7.4 pc during the month of November 2018, the same level recorded for the two preceding months (September and October), according to the Tunisian National Institute of Statistics on Tuesday. Full text...

  • Wednesday's forex rates for the Mauritanian Ouguiya
    05 december 2018 12:11:30
    Nouakchott, Mauritania (PANA) - Following are Wednesday's foreign exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Nigerian absence from African Free Trade Agreement worries experts
    05 december 2018 09:45:01
    Kigali, Rwanda (PANA) – Nigeria has been slow in signing the African Continental Free Trade Agreement because the cost of signing the trade agreement far outweighs the benefits, according to a Nigerian economic scholar. Full text...

  • Wednesday's forex rates for the Mauritian Rupee
    05 december 2018 08:55:49
    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...

  • Wednesday’s forex rates for the Gambian Dalasi
    05 december 2018 07:25:50
    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...

  • Tunisia's exports of fish products up by 31 per cent in 2018
    04 december 2018 16:59:16
    Tunis, Tunisia (PANA) - Tunisia's exports of fish products were estimated at 20.945 tons at the end of October 2018, valued at about US$143 million, against 15.889 tons, or US$111 million, during the same period in 2017. Full text...

  • Bank of Mauritius issues new 2000 Rupee banknote
    04 december 2018 16:50:18
    Port-Louis, Mauritius (PANA) – The Mauritian central bank is to issue new 2000 Rupee banknotes on Wednesday. Full text...

  • BOAD grants Mali 25 billion CFAF to build road
    04 december 2018 15:21:02
    Bamako, Mali (PANA) - The West African Development Bank (BOAD), has Full text...

  • Importance of regional and continental integration for Africa’s development (A feature by AfDB)
    04 december 2018 13:04:56
    Kigali, Rwanda (PANA) - Africa’s integration is no longer a matter of Full text...

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