Economy -
  • Tanzania: Thursday's forex rates for Shilling
    27 march 2014 08:30:34
    Dar es Salaam, Tanzania (PANA) - Following are Thursday's foreign exchange rates for the Tanzania Shilling: Full text...

  • Nigeria: Analyst wants more investor enlightenment
    26 march 2014 22:47:52
    Lagos, Nigeria (PANA) - There is the urgent need to embark on aggressive education and enlightenment campaign on the available investment opportunities at the Nigerian Stock Exchange (NSE) so that more Nigerians can participate in the capital market, according to a financial analyst , Mr. Johnson Chukwu. Full text...

  • Senegal: ECOWAS defends EPA; says it is "very favourable"
    26 march 2014 22:09:33
    Dakar, Senegal (PANA) – The chairmen of the council of ministers and the ECOWAS Commission say they are "very pleased" with the economic Partnership Agreement (EPA) between West Africa and the European Union (EU) after more than 11 years of intense negotiations, a statement issued by the institution says. Full text...

  • Nigeria: Senate confirms Emefiele as central bank governor
    26 march 2014 18:42:29
    Abuja, Nigeria (PANA) – Nigerian Senate Wednesday confirmed Mr. Godwin Emefiele as Governor-designate of the Central Bank of Nigeria (CBN). Full text...

  • Nigeria: African centre to regulate the price of mineral resources in Africa
    26 march 2014 17:05:23
    Abuja, Nigeria (PANA) – The African climate policy centre (CAPC), an organisation which deals with the Economic Commission for Africa (ECA), is considering creating an African centre to regulate the price of mineral resources in the continent, according to ECA experts in the Nigerian federal capital, Abuja. Full text...

  • Senegal: Digital summit opens in Gambia
    26 march 2014 16:26:37
    Dakar, Senegal (PANA) – The ''Annual Innovation Africa Digital (IAD) Summit'' opened Tuesday in Banjul, the Gambia, with several leading telecom operators and Information ministers from Africa in attendance, sources confirmed to PANA Full text...

  • Gabon: Wednesday's forex rates in Central Africa
    26 march 2014 16:08:00
    Libreville, Gabon (PANA) - Following are Wednesday's foreign exchange rates for the CFA Franc in Central African States: Full text...

  • Mauritius: French development agency gives 60 million-euro loan to Mauritian bank
    26 march 2014 14:52:55
    Port-Louis, Mauritius (PANA) – The French development agency (FDA) and the Mauritius Commercial Bank (MCB) on Wednesday signed an agreement for a credit line of 60 million euro aimed at funding "green loans" initiated by the bank. Full text...

  • Cote d'Ivoire: Trading on the West African Bourse rises
    26 march 2014 14:14:38
    Abidjan, Côte d’Ivoire (PANA) - Trading on the West African regional stock exchange (BRVM) ended higher on Tuesday with the BRVM 10 index inching up from 251.61 to 252.11 points, representing a rise of 0.20%. Full text...

  • Ethiopia: Ethiopia plans new entity to boost mining transparency
    26 march 2014 14:05:19
    Addis Ababa, Ethiopia (PANA) - Ethiopia has embarked on plans to boost its mining sector through bold new initiative to track earnings, a ministry official official told PANA on Wednesday. Full text...

  • Nigeria: CBN fire, no serious damage done, says Acting Gov.
    26 march 2014 13:43:43
    Lagos, Nigeria (PANA) – The acting Governor of the Central Bank of Nigeria, Dr. Sarah Alade, Wednesday described the fire that gutted the premises of the bank in the commercial city of Lagos, as not causing any serious damage to vital documents. Full text...

  • Congo: Congo budgets CFAF400 billion for local development projects
    26 march 2014 13:13:37
    Brazzaville, Congo (PANA) - The Congolese government will spend over CFAF400 billion to expedite some 150 projects aimed at modernizing the Lekoumou area, located in the southwestern part of the country, ahead of festivities to celebrate the country’s 54th anniversary in August, official sources said on Wednesday. Full text...

  • Mauritius: National energy efficiency awareness campaign launched
    26 march 2014 13:10:26
    Port-Louis, Mauritius (PANA) – Mauritius on Wednesday launched a National Energy Efficiency Awareness Campaign, aimed at promoting the efficient use of energy in the island, PANA reported from here. Full text...

  • Tanzania: Low export prices widen current account deficit
    26 march 2014 13:03:13
    Dar es Salaam, Tanzania (PANA) – Tanzania registered a widened current account deficit of about US$ 5 billion during the year ended January 2014, a reflection of the combined effects of decline in volumes and prices of some exports, increase in volume of oil imports and decrease in official transfers, the Bank of Tanzania said Wednesday. Full text...

  • Ghana: Rockefeller Foundation, World Bank to empower Ghana's IT
    26 march 2014 12:35:33
    Accra, Ghana (PANA) - The Rockefeller Foundation has announced a US$ 3.8 million grant to the Ghanaian government, in partnership with the World Bank, to support the establishment of world class facilities that will attract IT and IT-enabled firms, including Business Process Outsourcing (BPO) firms, to Ghana and create jobs for Ghanaian youth. Full text...

  • Rwanda: Wednesday's forex rates for Rwandan Franc
    26 march 2014 12:22:48
    Kiigali, Rwanda (PANA) - Following are Wednesday's foreign exchange rates for the Rwandan Franc: Full text...

  • Mauritania: Wednesday's forex rates for Ouguiya
    26 march 2014 12:08:20
    Nouakchott, Mauritania(PANA) - Following are Wednesday's foreign exchange rates for the Mauritanian Ouguiya: Full text...

  • Zambia: Wednesday’s forex rates in Zambia
    26 march 2014 10:05:20
    Lusaka, Zambia (PANA) – Following are the latest foreign exchange rates for the Zambian kwacha, as released by the Bank of Zambia Wednesday. Full text...

  • Nigeria: Apex bank retains interest rates at 12%
    26 march 2014 09:05:34
    Lagos, Nigeria (PANA) – The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has voted unanimously to tighten the monetary policy by retaining the Monetary Policy Rates (MPR), otherwise known as interest rates at 12%, but voted for an increase in the Cash Reserve Ratio (CRR), according to a communiqué posted on the CBN website. Full text...

  • Ghana: Wednesday's exchange rates for the Ghana cedi
    26 march 2014 08:21:09
    Accra, Ghana (PANA) – The following are Wednesday’s interbank exchange rates for the Ghana cedi against other currencies as announced by the Ghana Association of Bankers. Full text...

  • Tanzania: Wednesday's forex rates for Shilling
    26 march 2014 08:08:21
    Dar es Salaam, Tanzania (PANA) - Following are Wednesday's exchange rates for the Tanzania Shilling: Full text...

  • Libya: Congress approves US$2 billion emergency budget
    25 march 2014 20:09:41
    Tripoli, Libya (PANA) – The Libyan National General Congress (NGC) on Tuesday approved a budget of 2.55 billion dinars (about US$2 billion) for emergency cases, parliamentary sources told PANA. Full text...

  • Mauritania: Mauritania, Senegal to build bridge over River Senegal
    25 march 2014 19:39:58
    Nouakchott, Mauritania (PANA) – The Senegalese-Mauritanian ministerial consultation commission on transport ended its proceedings on Tuesday with a series of recommendations including the decision to build a bridge on the Senegal River at the Rosso border. Full text...

  • Togo: Togo expects growth rate of 6% in 2014
    25 march 2014 19:36:38
    Lomé, Togo (PANA) - Togo's economy is expected to grow by 6% in 2014 against 5.6% in 2013, the Minister of Economy and Finance, Adji Othèth Ayassor, has said. Full text...

  • Nigeria: Tuesday's forex rates in Nigeria
    25 march 2014 19:16:31
    Lagos, Nigeria (PANA) - Here are the latest foreign exchange rates for the Nigerian currency, the Naira: Full text...

  • Nigeria: ECA deplores slowdown in Africa's GDP in 2013
    25 march 2014 17:49:54
    Abuja, Nigeria (PANA) – The deputy executive director of the Economic Commission for Africa (ECA), Abdalla Hamdok, has deplored the slowdown in Africa's Gross Domestic Product (GDP), which dropped from 5.4% in 2012 to 4.1% in 2013. Full text...

  • Nigeria: African economy, development experts meet in Abuja
    25 march 2014 15:39:22
    Abuja, Nigeria (PANA) - Experts from member States of the African Union (AU) and the Economic Commission for Africa (ECA) meet on Tuesday in Abuja, Nigeria, under the theme "industrialization for inclusive Development and Transformation in Africa". Full text...

  • Ethiopia: Ethiopia snubs Egyptian opposition to renaissance dam project
    25 march 2014 15:10:58
    Addis Ababa, Ethiopia (PANA) - Ethiopia is launching a major diplomatic offensive to win international support for its renaissance dam project, whose construction is underway despite a strong Egyptian objection. Full text...

  • Rwanda: Tuesday's forex rates for Rwandan Franc
    25 march 2014 15:00:52
    Kigali, Rwanda (PANA) - Following are Tuesday's foreign exchange rates for the Rwandan Franc: Full text...

  • Libya: Blockade of oil fields causing further drop in oil production
    25 march 2014 14:33:29
    Tripoli, Libya (PANA) - Oil production in Libya has dropped to 150,000 barrels per day (b/d) following the closure, on Tuesday, of the oil field in a-Fil (southern Libya) by protesters, according to sources close to the Libyan National Oil Company (NOC). Full text...

  • Cote d'Ivoire: Trading at the West African Bourse declines
    25 march 2014 14:11:04
    Abidjan, Côte d’Ivoire (PANA) - Trading at the West African regional stock exchange (BRVM) began the week with a decline on Monday with the BRVM index 10 falling from 253.32 to 251.61 points, representing a decrease of 0.68%. Full text...

  • Nigeria: 'Nigeria is Africa’s lowest gas consuming nation'
    25 march 2014 14:00:52
    Lagos, Nigeria (PANA) - Nigeria is among the lowest consumers of Liquefied Petroleum Gas (LPG) in Africa, despite having the highest reserve of the commodity. Full text...

  • Nigeria: South African firm to invest in Nigeria’s mining sector
    25 march 2014 13:51:18
    Lagos, Nigeria (PANA) - A South African firm, Industrial Development Corporation (IDC), is to invest in Nigeria’s Mining and Forestry sectors, according to the company’s Senior Business Development Manager, Africa Unit, Mr. Ashely Petersen. Full text...

  • Mauritania: Tuesday's exchange rates for Ouguiya
    25 march 2014 11:51:46
    Nouakchott, Mauritania (PANA) - The Mauritanian Ouguiya fell slightly against the Euro and the CFA Franc but remained stable against the US Dollar, according to Tuesday's exchange rates issued by the Mauritanian central bank. Full text...

  • Zambia: Tuesday’s exchange rates in Zambia
    25 march 2014 11:49:14
    Lusaka, Zambia (PANA) - Following are Tuesday's exchange rates for the Zambian kwacha: Full text...

  • Mauritius: Tuesday's forex rates for Rupee
    25 march 2014 08:00:00
    Port-Louis, Mauritius (PANA) - Following are Tuesday's exchange rates for the Mauritian Rupee: Full text...

  • Tanzania: Tuesday's exchange rates for Shilling
    25 march 2014 07:59:09
    Dar es Salaam, Tanzania (PANA) - Following are Tuesday's exchange rates for the Tanzania Shilling: Full text...

  • Ghana: Tuesday’s exchange rates for Ghana cedi
    25 march 2014 07:48:07
    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...

  • Senegal: African experts discuss free trade zone
    24 march 2014 21:29:32
    Dakar, Senegal (PANA) – Several experts from members States of the African Union (AU) on Monday began the 6th workshop of the African Union Technical working group (GTT) in Dakar, Senegal, to look into the establishment of the rules of origin for the continental free trade zone (ZCLE) towards the creation of an African common market by 2017. Full text...

  • Tunisia: IMF to loan Tunisia US$225 million
    24 march 2014 21:08:38
    Tunis, Tunisia (PANA) – The International Monetary Fund (IMF) on Monday announced its agreement in principle to give Tunisia a loan of US$225 million as part of the fourth phase of a loan agreement signed between the two parties in June last year, for a total amount of US$1.7 billion. Full text...

  • Nigeria: Monday's foreign exchange rates for the Naira
    24 march 2014 20:50:04
    Lagos, Nigeria (PANA) - The following are Monday's exchange rates for the Nigerian currency, the Naira, against other currencies, as released by the Central Bank of Nigeria (CBN). Full text...

  • Nigeria: African finance ministers meet in Abuja
    24 march 2014 19:16:47
    Lagos, Nigeria (PANA) - A conference of African Ministers of Finance, Planning and Economic Development, designed to move the continent’s economy forward, begins Tuesday in Abuja, the Nigerian capital. Full text...

  • Nigeria: Nigeria, DRC sign MoU on electricity
    24 march 2014 17:41:01
    Abuja, Nigeria (PANA) – Towards meeting its electricity needs, the Nigerian Government has signed a Memorandum of Understanding (MoU) to purchase power from the Democratic Republic of Congo (DRC), a country currently targeting at least 40,000 megawatts of electricity from its dams. Full text...

  • Nigeria: 'Weak transmission infrastructure is problem of power generation in Nigeria'
    24 march 2014 16:22:11
    Lagos, Nigeria (PANA) – A report by the Oxford Business Group (OBG) has said about 11% of the power generated in Nigeria is lost to transmission infrastructure deficits and limited grid. Full text...

  • Gabon: Monday's forex rates in Central Africa
    24 march 2014 16:03:55
    Libreville, Gabon (PANA) - Following are Monday's foreign exchange rates in Central African States, as issued by the Central African States bank. Full text...

  • Rwanda: World Bank to release US$60.9m for road projects in Rwanda
    24 march 2014 15:36:33
    Kigali, Rwanda (PANA) - Rwanda will receive US$60.9 million from the World Bank to enable the African country repair its road networks with a view to enhancing the capacity of small farmers who are facing high costs in moving their products to markets, PANA learnt Monday from official sources in Kigali. Full text...

  • South Africa: Contract signed for Africa’s biggest Wind Power Project in Kenya
    24 march 2014 15:05:28
    Johannesburg, South Africa (PANA) - The Lake Turkana Wind Power Project (LTWP), meant to add an existing 300MW of reliable, low cost wind energy to the national grid of Kenya, reached a critical milestone following the signing of the financial agreements in Nairobi, the capital. Full text...

  • Senegal: Monday's forex rates for Gambian Dalasis
    24 march 2014 14:26:59
    Dakar, Senegal (PANA ) - Following are Monday's foreign exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Zambia: Monday’s exchange rates in Zambia
    24 march 2014 13:18:27
    Lusaka, Zambia (PANA) - Following are Monday's exchange rates for the Zambian kwacha: Full text...

  • Ghana: Monday's exchange rates for Ghana cedi
    24 march 2014 12:54:24
    Accra, Ghana (PANA) - The following are the average inter-bank exchange rates for the Ghana cedi Monday, as announced by the Ghana Association of Bankers: Full text...

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