Economy -
  • Tanzania’s top gold miner reports strong performance in halfway 2018
    20 july 2018 09:57:51
    Dar es Salaam, Tanzania (PANA) - Tanzania’s largest gold miner and one of the largest producers of gold in Africa, Acacia Mining plc, on Friday announced that it has delivered a strong operational performance in the first half of 2018 despite the continuation of the challenging environment in which it operates. Full text...

  • Multilateral trade challenged by ‘increasingly unilateral trade measures,’ UN forum hears
    20 july 2018 06:31:14
    New York, US (PANA) - Despite the improved economic growth, risks to the economic outlook are rising, the United Nations economic and social affairs chief said on Thursday, warning against “increasingly unilateral trade measures” that are challenging the multilateral trading system. Full text...

  • Mozambican President Filipe Nyusi visits Special Economic Zone in Rwanda
    19 july 2018 20:28:03
    Kigali, Rwanda (PANA) - The visiting Mozambican President, Filipe Nyusi, is looking to emulate Rwanda in the establishment of a Special Economic Zone with a view to attracting foreign direct investment to his country, an official source revealed Thursday in Kigali. Full text...

  • COMESA Summit applauds Tunisia, Somalia for joining regional bloc
    19 july 2018 20:23:12
    Lusaka, Zambia (PANA) – The 20th Common Market for Eastern and Southern Africa (COMESA) Summit ended in Lusaka on Thursday, commending Tunisia and Somalia for becoming new members of the regional bloc. Full text...

  • AfDB gives Burkina Faso 18-million-euro budget support
    19 july 2018 15:49:50
    Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Bank (AfDB) Group on Wednesday approved 18 million euros in funding from the African Development Fund (ADF) for Burkina Faso. Full text...

  • South Africa's Country Strategy Paper endorsed by AfDB
    19 july 2018 15:31:55
    Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) has approved a string of measures aimed at supporting South Africa’s economic development ambitions as an upper Middle-Income Country. Full text...

  • AfDB approves €20 million for private-sector competitiveness, others in Cabo Verde
    19 july 2018 15:04:46
    Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Bank (AfDB) has agreed to award to Cabo Verde, a 20-million-euro loan to finance the first phase of the country’s Private-Sector Competitiveness and Local Economic Development Program (PSC-LED). Full text...

  • Namibia secures US$ 217.8 million budget support loan from AfDB
    19 july 2018 14:53:54
    Windhoek, Namibia (PANA) - The Board of Directors of the African Development Bank (AfDB) has approved a loan of US$ 217.8 million (ZAR 3 billion) to finance the second phase of Namibia’s Economic Governance and Competitiveness Support Programme (EGCSP II). Full text...

  • AfDB Chief in Kenya to support Africa’s Investment Agenda
    19 july 2018 14:10:07
    Nairobi, Kenya (PANA) - The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, is visiting Kenya from 19 to 21, July, 2018, to participate in high-level activities aimed at strengthening cooperation with the Kenyan Government to attract more private-sector funding Full text...

  • Thursday's forex rates for Rwandan Franc
    19 july 2018 12:14:09
    Kigali, Rwanda (PANA) - The following are Thursday's foreign exchange rates for the Rwandan franc, as issued by the National Bank of Rwanda. Full text...

  • Thursday’s forex rates for the Gambian Dalasi
    19 july 2018 11:03:01
    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...

  • 2018 CAF Confed. Cup: All Day 3, Group Stage results on Wednesday
    19 july 2018 06:31:45
    Cairo, Egypt (PANA) - Here are the results and latest standings from Day 3, Group Stage of the 2018 CAF Confederation Cup, played across Africa on Wednesday. Full text...

  • Zambian appointed new Secretary General of COMESA
    18 july 2018 13:02:34
    Lusaka, Zambia (PANA) – Zambia's former Deputy Finance Minister Chileshe Kapwepwe has been appointed as Secretary General of the Common Market for Eastern and Southern Africa (COMESA), becoming the first woman to occupy that position. Full text...

  • COMESA outgoing Secretary General calls for demolition of artificial boundaries
    18 july 2018 11:07:25
    Lusaka, Zambia (PANA) – Outgoing Secretary General of the Common Market for Eastern and Southern Africa (COMESA) has called on leaders of the economic bloc to cooperate more so as to destroy the artificial boundaries that were bequeathed to Africa by colonialism. Full text...

  • COMESA summit begins in Lusaka
    18 july 2018 10:22:16
    Lusaka, Zambia (PANA) – The 20th Summit of the Common Market for Eastern and Southern Africa (COMESA) Heads of State and Government began on Wednesday in the Zambian capital, Lusaka, with high level discussions anchored on transforming the region’s economy through adoption of digital technologies and scaling up value addition and beneficiation. Full text...

  • Wednesday’s forex rates for the Gambian Dalasi
    18 july 2018 09:38:10
    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...

  • Mobile banking services worst hit by identity theft, fraud in Kenya
    18 july 2018 08:52:57
    Nairobi, Kenya (PANA) - The safety and convenience of mobile banking services have been severely hit by fraud involving the rapid swapping of SIM cards, according to Myriad Connect, a digital software applications firm. Full text...

  • Sahel Alliance delegation visits AfDB to intensify dialogue with G5 countries
    17 july 2018 15:04:44
    Abidjan, Cote d'Ivoire (PANA) - A team from the Sahel Alliance Secretariat, led by Jean-Marc Gravellini, Head of the Sahel Alliance Coordination Unit, will visit the African Development Bank (AfDB) headquarters in Abidjan, Côte d'Ivoire, from 18 to 19 July, 2018. Full text...

  • Tuesday's forex rates for Rwandan Franc
    17 july 2018 12:58:55
    Kigali, Rwanda (PANA) - The following are Tuesday's foreign exchange rates for the Rwandan franc, as issued by the National Bank of Rwanda. Full text...

  • Tuesday’s forex rates for the Gambian Dalasi
    17 july 2018 10:34:55
    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...

  • Tuesday's forex rates for the Mauritian Rupee
    17 july 2018 09:03:42
    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...

  • COMESA Summit to admit Tunisia, Somalia as new members
    16 july 2018 17:36:15
    Lusaka, Zambia (PANA) – Tunisia and Somalia are expected to join the Common Market for Eastern and Southern Africa (COMESA) during the 20th COMESA Summit taking place 18-19 July, in the Zambian capital, Lusaka. Full text...

  • COMESA extends Kenyan sugar industry protectionist measure
    16 july 2018 09:25:13
    Lusaka, Zambia (PANA) - Kenya has secured an extension of a protectionist measure to shield local sugar companies from extreme competition from regional sugar exporters in Eastern and Southern Africa, Kenya's foreign ministry officials said on Sunday. Full text...

  • Monday’s forex rates for the Gambian Dalasi
    16 july 2018 08:04:14
    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...

  • Rights group says Chadians forced to pay heavy price for harsh austerity measures
    16 july 2018 06:46:17
    N'Djamena, Chad (PANA) - Human rights group Amnesty International on Monday published a report that criticises the Chadian authorities for a host of austerity measures that are pushing people into deeper poverty, undermining access to necessary health care and putting education beyond the reach of many. Full text...

  • AfDB launches Africa Investment Forum Road across North Africa
    15 july 2018 10:56:21
    Abidjan, Cote d'Ivoire (PANA) - From 13 to 29 July, 2018, the African Development Bank (AfDB) will present the Africa Investment Forum (AIF), the largest investment market in Africa, in North Africa, in a regional road show preceding the first ever Africa Investment Forum, to be held in Johannesburg, South Africa, from 7 to 9 November, 2018. Full text...

  • Nigeria's economic recovery 'remains challenging', says IMF
    14 july 2018 17:40:23
    Abuja, Nigeria (PANA) - Although higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures for Nigeria economy, the West African country's recovery remains challenging. Full text...

  • Saturday’s forex rates for the Gambian Dalasi
    14 july 2018 08:30:12
    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...

  • AfDB convenes Pre-TICAD Energy Sector, Africa Investment Forum Seminar in Japan
    13 july 2018 14:28:40
    Tokyo, Japan (PANA) - The African Development Bank (AfDB) will on 2 August, 2018, organize a seminar on Africa’s energy and investment potentials in Tokyo, Japan. Full text...

  • Int'l financial institutions give Tunisia 5.5-billion-euro bailout
    13 july 2018 14:14:38
    Tunis, Tunisia (PANA) - The European Commissioner for neighbourhood policy and extension, Johannes Hahn, announced on Friday in Tunis, on arrival for an official visit, that eight international partners have agreed to give Tunisia 5.5 billion euros, made up of 2.5-billion-euro loans and donations for 2018-2019. Full text...

  • Friday's forex rates for Mauritian Rupee
    13 july 2018 10:39:04
    Port-Louis, Mauritius (PANA) - Following are Friday’s exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Friday's forex rates for Rwandan Franc
    13 july 2018 09:57:58
    Kigali, Rwanda (PANA) - The following are Friday's foreign exchange rates for the Rwandan franc, as issued by the National Bank of Rwanda. Full text...

  • Friday’s forex rates for the Gambian Dalasi
    13 july 2018 08:19:07
    Banjul, Gambia (PANA) – The following are Friday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Tanzania’s Economic Reform Program receives AfDB support
    12 july 2018 20:04:51
    Dar Es Salaam, Tanzania (PANA) - Tanzania’s ongoing macroeconomic reform program has received a boost from the African Development Bank (AfDB) through a US$40-million budget support loan to be provided by the African Development Fund (ADF), the concessional arm of the Bank Group. Full text...

  • Zambia to diversify energy generation with AfDB support
    12 july 2018 19:58:40
    Lusaka, Zambia (PANA) - The Board of Directors of the African Development Bank (AfDB) has approved US$50 million framework financing for small-scale renewable energy projects in Zambia, which will help diversify Zambia’s energy generation which is heavily reliant on hydro-electricity. Full text...

  • AfDB promotes SMEs access to funds in Africa
    12 july 2018 19:50:32
    Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) has approved an additional US$10 million equity investment in the African Guarantee Fund (AGF) for SMEs, to enable the Fund to continue guaranteeing loans to small- and medium-sized enterprises across Africa. Full text...

  • AfDB Energy Forum makes case for accelerated electrification of Africa
    12 july 2018 19:40:47
    Abidjan, Cote d'Ivoire (PANA) - Energy and development experts from Africa and beyond have called for renewed urgency in the drive to light up and power the continent. Full text...

  • Kenya to host maiden Africa monitoring, evaluation conference
    12 july 2018 17:35:19
    Nairobi, Kenya (PANA) - Kenya will host the first Africa Monitoring and Evaluation conference, which is geared towards facilitating dialogue among stakeholders on research and evaluation agenda. Full text...

  • Upgrade ICT skills or lose in global market, African firms told
    12 july 2018 16:58:24
    Nairobi, Kenya (PANA) - In September, the world’s leading experts on online learning will be in Kigali, the capital of Rwanda, for eLearning Africa, the continent’s largest conference on technology-assisted learning and training. Full text...

  • Kenya's Real Estate markets post improvement in 1st half of 2018 - Report
    12 july 2018 15:50:52
    Nairobi, Kenya (PANA) - Absorption of grades A and B office spaces in Nairobi rose by 12% in the first half of the year compared to the second half of the 2017, according to property consultancy firm, Knight Frank Kenya, in its Market Update report for the first half of 2018. Full text...

  • Thursday's exchange rates for Mauritanian Ouguiya
    12 july 2018 15:13:07
    Nouakchott, Mauritania (PANA) - Following are Thursday’s foreign exchange rates for the Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Thursday’s forex rates for the Gambian Dalasi
    12 july 2018 09:08:12
    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...

  • IMF lauds Equatorial Guinea for implementation of reform programme
    12 july 2018 07:17:11
    Malabo (Equatorial Guinea) - The International Monetary Fund (IMF) has lauded Equatorial Guinea's implementation of its reform programme saying despite substantial economic difficulties, the authorities have made progress and are contributing to the regional adjustment strategy. Full text...

  • IMF Executive Board approves US$44.25 million for Madagascar
    12 july 2018 07:02:58
    Washington, US (PANA) - The International Monetary Fund (IMF) is to disburse SDR 31.43 million (about US$44.25 million) to Madagascar, following the completion of the third review under the Extended Credit Facility (ECF) for the country. Full text...

  • AU report shows marginal cut on extreme poverty rates in East Africa
    12 july 2018 06:42:53
    Addis Ababa, Ethiopia (PANA) – Economic growth in East Africa managed to reduce extreme poverty rates by an average of 1 percentage point annually sustained over 23 years between 1990 and 2013, a maiden report by the African Union measuring economic trends in Africa shows. Full text...

  • AU launches inaugural report on economic growth prospects
    11 july 2018 12:36:19
    Addis Ababa, Ethiopia (PANA) – The potential for economic growth and development in Africa remains weak despite the entry of foreign partners investing in key sectors, including infrastructure development and low-cost technologies, according to a maiden report launched by the African Union. Full text...

  • Wednesday's exchange rates for Mauritanian Ouguiya
    11 july 2018 11:23:39
    Nouakchott, Mauritania (PANA) - Following are Wednesday’s exchange rates for the Ouguiya, as issued by the central bank of Mauritania. Full text...

  • Wednesday's exchange rates for Mauritian Rupee
    11 july 2018 11:21:34
    Port-Louis, Mauritius (PANA) - Following are Wednesday’s exchange rates for the Rupee, as issued by the commercial bank of Mauritius. Full text...

  • Wednesday's exchange rates for Ghana cedi
    11 july 2018 10:36:40
    Accra, Ghana (PANA) - The following are Wednesday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Wednesday’s forex rates for the Gambian Dalasi
    11 july 2018 08:02:24
    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...

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