Economy -
  • US: IMF cautions Mauritius on risks from possible slowdown in offshore activities
    17 march 2016 17:36:19
    US, Washington, D.C. (PANA) - Commending the authorities in Mauritius for their efforts to maintain a stable macroeconomic environment and foster a more diversified economy, the Executive Board of the International Monetary Fund (IMF) has urged them to address potential spillover risks from the complex inter-linkages between large offshore activities, the banking system, and the domestic economy. Full text...

  • Malawi: Southern African countries borrow to close budget gaps
    17 march 2016 15:28:59
    Lilongwe, Malawi (PANA) – An official with the UN Economic Commission for Africa has warned that a combination of borrowing to close the widening budget gaps and the increased foreign debt stock, caused by currency depreciation, is threatening to take Southern Africa to debt unsustainable levels. Full text...

  • Mauritius: SMEs urged to adopt environmentally friendly practices
    17 march 2016 11:58:18
    Port-Louis, Mauritius (PANA) - Mauritian Environment and Sustainable Development Minister Raj Dayal on Thursday appealed to Small and Medium Enterprises (SME) to embrace environmentally sustainability practices and to use this strategy as a business opportunity to convert waste to useful products in a bid to boost the island's economic development. Full text...

  • Malawi: Minister sets tone for meeting on SADC industrialization strategy
    17 march 2016 11:45:11
    Lilongwe, Malawi (PANA) – Malawian Finance, Economic Planning and Development Minister on Thursday set the tone for a meeting of the Intergovernmental Committee of Experts (ICE) of Southern Africa, challenging the experts to depart from confining themselves to “textbook” theories but instead think “outside the box” to come up with practical solutions to implement successfully the SADC Industrialization Strategy and Roadmap. Full text...

  • Mauritius: Thursday's exchange rates for Mauritian Rupee
    17 march 2016 10:58:48
    Port-Louis, Mauritius (PANA) – The following are Thursday's exchange rates for the rupee as announced by Commercial Bank of Mauritius. Full text...

  • Kenya: 'UNCTAD meeting holds hope for World development'
    17 march 2016 10:49:23
    Nairobi, Kenya (PANA) - United Nations Conference for Development (UNCTAD) 14th Session to be held in Nairobi in July provides a unique opportunity for the organisation to build its legacy to address the future of development, Foreign Affairs and International Trade Cabinet Secretary Ms. Amina Mohamed, has said. Full text...

  • Gabon: Thursday's exchange rates for CFAF in Central Africa
    17 march 2016 10:37:19
    Libreville, Gabon (PANA) – The following are Thursday's exchange rates of the CFA franc in Central Africa as announced by the Bank of Central African States (BEAC). Full text...

  • Senegal: Thursday's forex rates for the Gambian Dalasis
    17 march 2016 08:08:19
    Dakar, Senegal (PANA) – The following are Thursday’s exchange rates for the Gambian Dalasis (D) as published by Trust Bank Gambia Ltd: Full text...

  • Ghana: Thursday's exchange rates for Ghana cedi
    17 march 2016 06:14:17
    Accra, Ghana (PANA) - The following are Thursday's exchange rates for Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Tanzania: Thursday's exchange rates for Tanzania Shilling
    17 march 2016 06:13:30
    Dar es Salaam, Tanzania (PANA) - The following are Thursday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • Gabon: Wednesday's forex rates for CFAF in Central Africa
    16 march 2016 15:23:01
    Libreville, Gabon (PANA) – The following are Wednesday's foreign exchange rates for the CFA Francs in Central African States. Full text...

  • Tunisia: Tunisia to showcase its investment opportunities Thursday
    16 march 2016 13:04:42
    Tunis, Tunisia (PANA) – The Tunisian minister of Foreign Affairs, Khemaies Jhinaoui, will Thursday meet with ambassadors, heads of diplomatic missions and consuls from Sub-Saharan African countries accredited in Tunis, as the north African State showcases its investment opportunities. Full text...

  • Mauritania: Wednesday's forex rates for Mauritanian Ouguiya
    16 march 2016 10:06:00
    Nouakchott, Mauritania (PANA) – The following are Wednesday's foreign exchange rates for the Mauritanian Ouguiya published by the Central Bank of Mauritania. Full text...

  • Côte d’Ivoire: IMF stresses fiscal discipline to keep Ivorian economy buoyant
    16 march 2016 09:24:48
    Abidjan, Côte d’Ivoire (PANA) - Sustaining Côte d’Ivoire's currently strong economic performance will require maintaining a disciplined fiscal policy, an International Monetary Fund (IMF) staff team has recommended at the end of a two-week visit to Abidjan. Full text...

  • Senegal: Wednesday's forex rates for the Gambian Dalasis
    16 march 2016 08:49:17
    Dakar, Senegal (PANA) – The following are Wednesday’s exchange rates for the Gambian Dalasis (D) as published by Trust Bank Gambia Ltd: Full text...

  • Tanzania: Wednesday's exchange rates for Tanzania Shilling
    16 march 2016 08:45:57
    Dar es Salaam, Tanzania (PANA) - The following are Wednesday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • Mauritius: Wednesday's forex rates for Rupee
    16 march 2016 08:44:25
    Port-Louis, Mauritius (PANA) – The following are Wednesday's foreign exchange rates for the Mauritian Rupee as announced by the Commercial Bank of Mauritius. Full text...

  • Ghana: Wednesday's exchange rates for Ghana cedi
    16 march 2016 05:54:23
    Accra, Ghana (PANA) - The following are Wednesday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Rwanda: Tuesday's forex rates for Rwandan Franc
    15 march 2016 15:44:12
    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...

  • Malawi: Meeting calls for cost reflective tariffs over power crisis in Southern Africa
    15 march 2016 13:29:35
    Lilongwe, Malawi (PANA) – Energy experts who were meeting in Lilongwe, Malawi, to discuss the Energy Crisis in Southern Africa has implored governments in the region to introduce cost-reflective tariffs and develop mechanisms to cushion the disadvantaged from the high tariffs. Full text...

  • Malawi: Power crisis in Southern Africa, threat to SADC integration agenda
    15 march 2016 10:24:54
    Lilongwe, Malawi (PANA) – The crippling energy crisis that has affected Southern Africa region is said to be threatening the Southern African Development Community (SADC) economic bloc integration agenda as it is derailing the economic regional industrialization roadmap. Full text...

  • Mauritius: Tuesday's forex rates for Mauritian Rupee
    15 march 2016 08:55:29
    Port-Louis, Mauritius (PANA) – The following are Tuesday's foreign exchange rates for the Mauritian Rupee as announced by the Commercial Bank of Mauritius. Full text...

  • Algeria: Algeria turns to fiscal consolidation after oil revenue declines
    15 march 2016 08:12:07
    Algiers, Algeria (PANA) - In view of the important challenges that Algeria faces as a result of the impact of the decline in oil prices on the economy, the authorities have begun to undertake fiscal consolidation and implement selected reforms. Full text...

  • Senegal: Tuesday's forex rates for the Gambian Dalasis
    15 march 2016 08:04:05
    Dakar, Senegal (PANA) – The following are Tuesday’s exchange rates for the Gambian Dalasis (D) as published by Trust Bank Gambia Ltd: Full text...

  • US: IMF approves US$25.6 million disbursement to Guinea
    15 march 2016 07:52:36
    Washington, D.C., US (PANA) - Observing that the Ebola epidemic has not only claimed thousands of lives, brought economic activity to a standstill, but also reversed socioeconomic gains, and aggravated poverty in Guinea, the Executive Board of the International Monetary Fund (IMF) has decided to waive the nonobservance of the performance criterion that gave rise to the non-complying disbursement. Full text...

  • US: IMF approves US$1.5 bn in new credit arrangements for Kenya
    15 march 2016 07:34:39
    US, Washington, D.C. (PANA) - The Executive Board of the International Monetary Fund (IMF) has approved about US$989.8 million in a new 24-month Stand-By Arrangement (SBA) and a US$494.9 million 24-month Standby Credit Facility (SCF) for Kenya, for a combined US$1.5 billion, or 196 percent of the East African country's quota. Full text...

  • Ghana: Tuesday's exchange rates for Ghana cedi
    15 march 2016 06:57:04
    Accra, Ghana (PANA) - The following are Tuesday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Tanzania: Tuesday's exchange rates for Tanzania Shilling
    15 march 2016 06:56:24
    Dar es Salaam, Tanzania (PANA) - The following are Tuesday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • Nigeria: Regional round-table on non-interest capital market holds in Nigeria
    14 march 2016 18:39:44
    Abuja, Nigeria (PANA) - Deepening the non-interest capital market space would enable millions of Nigerians and people of Islamic faith to invest their savings ethically, according to Nigeria’s Securities and Exchange Commission (SEC) Director General Mounir Gwarzo. Full text...

  • Nigeria: 6th African petroleum congress, exhibition opens in Abuja
    14 march 2016 18:16:45
    Abuja, Nigeria (PANA) - The 6th African Petroleum Congress and Exhibition (CAPE VI), organized by the African Petroleum Producers Association (APPA), opened Monday in Abuja with Vice President Yemi Osinbajo saying that Nigeria is to sign the United Nations Agreement on Zero Routing Gas Flaring by 2030. Full text...

  • Malawi: Experts meet to explore ways of tackling energy crisis in Southern Africa
    14 march 2016 16:57:05
    Lilongwe, Malawi (PANA) – As Southern Africa contends with the energy crisis, governments in the region have been urged to show political will and make the bold decisions required, such as migrating to cost reflective tariffs to attract private investment in the energy sector. Full text...

  • Mauritius: Monday's exchange rates for Mauritian Rupee
    14 march 2016 14:50:35
    Port-Louis, Mauritius (PANA) – The following are Monday's froeign exchange rates for the Mauritian Rupee: Full text...

  • Malawi: Southern Africa energy crisis at centre stage of ECA meeting
    14 march 2016 11:30:37
    Lilongwe, Malawi (PANA) – The Director of the UN Economic Commission for Africa (ECA) sub-regional office of Southern Africa, Said Adejumobi, has challenged experts meeting in Lilongwe, Malawi, for a meeting on the energy crisis that Southern Africa is facing by turning the challenge into an opportunity. Full text...

  • Mauritius: Women outnumber men in Mauritius
    14 march 2016 11:11:36
    Port-Louis, Mauritius (PANA) - Statistics Mauritius said on Monday that at the end 2015 the female Mauritian population was higher than the male population by 13,094 with the whole population estimated at 1,262,862 as at 31 December 2015. Full text...

  • Senegal: Monday's forex rates for the Gambian Dalasis
    14 march 2016 09:09:42
    Dakar, Senegal (PANA) – The following are Monday’s exchange rates for the Gambian Dalasis (D) as published by Trust Bank Gambia Ltd: Full text...

  • Rwanda: Monday's forex rates for Rwandan Franc
    14 march 2016 08:14:42
    Kigali, Rwanda (PANA) - The following are Monday's foreign exchange rates for the Rwandan Franc, as issued by the National Bank of Rwanda. Full text...

  • Tanzania: Monday's exchange rates for Tanzania Shilling
    14 march 2016 06:13:48
    Dar es Salaam, Tanzania (PANA) - The following are Monday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • Ghana: Monday's exchange rates for Ghana cedi
    14 march 2016 06:11:07
    Accra, Ghana (PANA) - The following are Monday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • UN: UN statistical body agrees to global indicators to measure SDGs
    13 march 2016 05:33:48
    New York, US (PANA) - The United Nations Statistical Commission on has agreed on a set of global indicators that will measure success towards the new sustainable development agenda, which will lead anti-poverty efforts through 2030. Full text...

  • Mauritania: Saturday's exchange rates for Mauritanian Ouguiya
    12 march 2016 12:15:04
    Nouakchott, Mauritania (PANA) – The Central Bank of Mauritania (BCM) on Saturday issued the following exchange rates for the Mauritanian Ouguiya. Full text...

  • Senegal: Saturday's forex rates for the Gambian Dalasis
    12 march 2016 09:03:09
    Dakar, Senegal (PANA) – The following are Saturday’s exchange rates for the Gambian Dalasis as published by Trust Bank Gambia Ltd: Full text...

  • Madagascar: IMF staff underline prudent fiscal stance in Madagascar
    12 march 2016 07:41:52
    Antananarivo, Madagascar (PANA) - Successful implementation of the International Monetary Fund (IMF) staff-monitored programme (SMP) with Madagascar will strengthen the Indian Ocean island nation's economic stability and sustainability, according to Malagasy authorities and the Fund's staff who have completed a 10-day working visit here. Full text...

  • Senegal: Agriculture propels Senegal's growth to 6.5 percent in 2015
    12 march 2016 06:52:17
    Dakar, Senegal (PANA) - Senegal recorded strong macroeconomic performance during 2015 with growth of 6.5 percent for the first time over the last 12 years, an International Monetary Fund (IMF) mission has disclosed, saying: "This reflects in particular the initiation of the Plan Sénégal Emergent (PSE)-related projects and the buoyant performance in agriculture thanks to good weather and higher productivity in the sector." Full text...

  • Mauritania: Friday's forex rates for Mauritanian Ouguiya
    11 march 2016 15:17:49
    Nouakchott, Mauritania (PANA) – The following are Friday's foreign exchange rates for the Mauritania Ouguiya. Full text...

  • Mauritius: Friday's exchange rates for the Mauritian Rupee
    11 march 2016 12:03:46
    Port-Louis, Mauritius (PANA) – The following are Friday's exchange rates for the Mauritian rupee as issued by the Commercial Bank of Mauritius. Full text...

  • Mauritius: Conference on Logistics and Transport ends
    11 march 2016 08:57:53
    Balaclava, Mauritius (PANA) - Mauritian President Mrs. Ameenah Gurib-Fakim has said that the logistics and transport industry is at a major cross-roads as there are serious challenges that are besetting it. Full text...

  • Tanzania: 'Monetary integration should not be pushed too fast in sub-Sahara Africa'
    11 march 2016 08:36:18
    Dar es Salaam, Tanzania (PANA) - Monetary integration should not be pursued too fast in sub-Sahara Africa, but the region should give priority to implementing a comprehensive structural reform agenda, according to high-level policymakers and academics who, this week, gathered in Mauritius to discuss the future of currency areas. Full text...

  • Senegal: Friday's forex rates for the Gambian Dalasis
    11 march 2016 08:27:15
    Dakar, Senegal (PANA) – The following are Friday’s exchange rates for the Gambian Dalasis (D) as published by Trust Bank Gambia Ltd: Full text...

  • Ghana: Friday's exchange rates for Ghana cedi
    11 march 2016 05:47:11
    Accra, Ghana (PANA) - The following are Friday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Tanzania: Friday's exchange rates for Tanzania Shilling
    11 march 2016 05:45:10
    Dar es Salaam, Tanzania (PANA) - The following are Friday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

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