Economy -
  • Tanzania: Friday's forex rates for Shilling
    24 october 2014 08:22:16
    Dar es Salaam, Tanzania (PANA) - Following are Friday's foreign exchange rates of the Tanzania Shilling, as issued by the Bank of Tanzania: Full text...

  • Ghana: Friday's forex rates for Ghana cedi
    24 october 2014 08:20:41
    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...

  • Nigeria : Thursday's foreign exchange rates in Nigeria
    23 october 2014 19:46:15
    Lagos, Nigeria (PANA) - Following are Thursday's exchange rates for the Nigerian currency,the Naira as released by the Central Bank of Nigeria(CBN). Full text...

  • Nigeria: 'Sub-Saharan Africa accounts for 30% global oil discoveries'
    23 october 2014 14:11:20
    Lagos, Nigeria (PANA) - About 30% of global oil and gas discoveries in the past five years have come from sub-Saharan Africa, according to the World Energy Outlook Special Report. Full text...

  • Egypt: Afreximbank carries out training to boost African trade
    23 october 2014 13:38:30
    Cairo, Egypt (PANA) - The African Export-Import Bank (Afreximbank) is holding a series of back-to-back training activities to enhance the finance capabilities of African financial institutions and corporates, so the bank can achieve its mandate of expanding intra- and extra-African trade. Full text...

  • Gabon: Thursday's forex rates in Central Africa
    23 october 2014 12:47:45
    Libreville, Gabon (PANA) - The following are Thursday's exchange rates in central African states: Full text...

  • Tanzania: IMF team says DRC financial sector at crossroads, remains vulnerable
    23 october 2014 12:09:26
    Dar es Salaam, Tanzania (PANA) - Although reforms have been initiated in DR Congo's financial sector, the system remains shallow, highly dollarised and characterised by balance sheet fragility, the latest financial system stability assessment by the International Monetary Fund (IMF) has shown. Full text...

  • Senegal: Thursday’s forex rates for Gambian Dalasis
    23 october 2014 08:32:09
    Dakar, Senegal (PANA) - Following are Thursday’s exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Ghana: Thursday's exchange rates for Ghana cedi
    23 october 2014 08:06:17
    Accra, Ghana (PANA) - The following are Thursday's average inter-bank exchange rates for the Ghana cedi, as announced by the Ghana Association of Bankers: Full text...

  • Tanzania: Thursday's forex rates for Shilling
    23 october 2014 07:46:58
    Dar es Salaam, Tanzania (PANA) - Following are Thursday's exchange rates for the Tanzania Shilling, as issued by the Bank of Tanzania: Full text...

  • Nigeria: Wednesday's foreign exchange rates in Nigeria
    22 october 2014 22:26:55
    Lagos, Nigeria (PANA) - Here are the latest exchange rates for the Nigerian currency, the Naira, against other major foreign currencies, as released by the Central Bank of Nigeria (CBN). Full text...

  • Senegal: Zimbabwe obtains US$3 million credit line from BADEA
    22 october 2014 22:14:14
    Dakar, Senegal (PANA) - The Arab Bank for Economic Development in Africa (BADEA) and Zimbabwe on Wednesday signed a US$3 million a loan agreement towards financing a Line of Credit to Zimbabwe's Small and Medium Scale Enterprises Development Corporation (SMEDCO). Full text...

  • Gabon: Wednesday's forex rates in Central Africa
    22 october 2014 17:17:13
    Libreville, Gabon (PANA) – Exchange rates issued Wednesday by the Bank of Central African States (BEAC) indicated a rise of both the Canadian Dollar and the Pound Sterling. Full text...

  • Côte d'Ivoire: Trading at the West African bourse drops
    22 october 2014 15:55:34
    Abidjan, Côte d’Ivoire (PANA) – The West African regional bourse (BRVM) closed trading Tuesday down, with the BRVM 10 index dropping from 258.38 points to 256.16 points, a decrease of 0.86%. Full text...

  • Rwanda: Wednesday's forex rates for Rwandan franc
    22 october 2014 15:31:19
    Kigali, Rwanda (PANA) - Following are Wednesday's foreign exchange rates for the Rwandan franc: Full text...

  • Kenya: Kenya pitches for re-election to ITU
    22 october 2014 12:17:43
    Nairobi, Kenya (PANA) - Kenya's Information, Communication and Technology Cabinet Secretary Fred Matiangi Wednesday appealed to member states of the International Telecommunication Union (ITU) to re-elect Stanley Kibe to the Radio Regulations Board (RRB) of the Union. Full text...

  • Mauritius: Wednesday's forex rates for Rupee
    22 october 2014 11:57:39
    Port-Louis, Mauritius (PANA) - Following are Wednesday's exchange rates for the Mauritian Rupee: Full text...

  • Senegal: Wednesday’s forex rates for Gambian Dalasis
    22 october 2014 08:15:41
    Dakar, Senegal (PANA) - Following are Wednesday’s exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Tanzania: Airtel debuts East African cross border money service
    22 october 2014 07:54:08
    Dar es Salaam, Tanzania (PANA) - Bharti Airtel plans to launch a cross border money transfer product in East Africa as a first in market initiative across the continent that will enable Airtel Money customers to send, receive and withdraw money from their Airtel Money wallets. Full text...

  • Ghana: Wednesday's exchange rates for Ghana cedi
    22 october 2014 07:31:28
    Accra, Ghana (PANA) - The following are Wednesday's average inter-bank exchange rates for the Ghana cedi, as announced by the Ghana Association of Bankers: Full text...

  • Tunisia: EU grants Tunisia 200 million euros aid
    21 october 2014 20:24:57
    Tunis, Tunisia (PANA) – Tunisia is to receive 200 million euros aid from the European Union (EU) under a memorandum of understanding signed in Tunis on Tuesday. Full text...

  • Nigeria: Tuesday's foreign exchange rates in Nigeria
    21 october 2014 19:17:19
    Lagos, Nigeria (PANA) - Following are the latest exchange rates for the Nigerian currency,the Naira as released by the Central Bank of Nigeria(CBN): Full text...

  • Senegal: ‘Economic independence of the FCFA system requires a split with the French Treasury’
    21 october 2014 18:27:34
    Dakar, Senegal (PANA) - Dr Babacar Sène, a Senegalese lecturer and researcher at the Faculty of Economic Sciences and Management at Cheikh Anta Diop University of Dakar, has stressed the need for “budgetary and political federalism” for West African states as a prerequisite for a viable monetary union. Full text...

  • Togo: Togolese economist argues for fixed exchange rates for ECOWAS currencies
    21 october 2014 17:29:02
    Lomé, Togo (PANA) - Countries with weak economies, such as those of the Economic Community of West African States (ECOWAS), need currencies with fixed and not floating exchange rates, says Aimé Tchabouré Gogué, a retired professor of Economics at the University of Lomé. Full text...

  • Burkina Faso: Political barriers hamper ECOWAS monetary union – Economist says
    21 october 2014 16:35:51
    Ouagadougou, Burkina Faso (PANA) – Former Governor of the Central Bank of West African States (CBWAS) Damo Justin Barro says that effective monetary integration could favour an acceleration of the process of monetary integration of member-countries of the Economic Community of West African States (ECOWAS). Full text...

  • Senegal: 'It is getting easier to start business in Africa'
    21 october 2014 13:36:26
    Dakar, Senegal (PANA) - Good Governance Africa (GGA), a research and advocacy body trying to improve governance performance in Africa, said Tuesday its findings show it is getting easier to start business in Africa. Full text...

  • Zambia: Tuesday’s exchange rates for Kwacha
    21 october 2014 13:14:09
    Lusaka, Zambia (PANA) - Following are Tuesday's exchange rates for the Zambian kwacha, as released by the Bank of Zambia: Full text...

  • Ghana: Ghana hopes gas to flow soon to ease electricity shortfall
    21 october 2014 12:32:21
    Accra, Ghana (PANA) - With Ghana struggling to overcome huge challenges in its electricity generation, officials are heaving a sigh of relief that its own gas produced offshore in the west of the country would come on stream in the next few weeks to fire thermal plants that have been starved of gas from Nigeria. Full text...

  • Cote d'Ivoire: Trading down at West African Bourse
    21 october 2014 12:15:23
    Abidjan, Cote d’Ivoire (PANA) - Trading at the West African regional stock exchange, BRVM, ended Monday on the decline, with the BRVM Index 10 falling from 261.50 points to 258.38 points, representing a decrease of 1.19%. Full text...

  • Kenya: Kenya committed to global digital agenda - Official
    21 october 2014 11:24:16
    Nairobi, Kenya (PANA) - Kenya is committed to supporting the global digital agenda activities espoused of the International Telecommunication Union (ITU), Information Communication and Technology Cabinet Secretary Fred Matiangi has said. Full text...

  • Kenya: Kenya Airways boosts fleet with two new planes
    21 october 2014 11:15:03
    Nairobi, Kenya (PANA) - Kenya Airways has received two new modern planes with state-of-the-art features, bringing the number of its active aircraft to 40. Full text...

  • Rwanda: Tuesday's exchange rates for Rwandan franc
    21 october 2014 11:08:15
    Kigali, Rwanda (PANA) - Following are Tuesday's exchange rates for the Rwandan franc as issued by the National Bank of Rwanda. Full text...

  • Tanzania: 'Sub-Sahara region remains strong, but needs attention to macroeconomic constraints'
    21 october 2014 11:06:20
    Dar es Salaam, Tanzania (PANA) - Growth trends in most of sub-Saharan Africa remain strong, driven by sustained infrastructure investment, buoyant services sectors, and strong agricultural production, even as oil-related activities provide less support, according to latest findings by the International Monetary Fund (IMF). Full text...

  • Senegal: Tuesday’s forex rates for the Gambian Dalasi
    21 october 2014 10:56:30
    Dakar, Senegal (PANA) – Following are Tuesday’s exchange rates for the Gambian currency, the Dalasi. Full text...

  • Nigeria: Over 25 countries to participate in Nigeria trade fair
    21 october 2014 08:41:04
    Lagos, Nigeria (PANA) - More than 25 countries have indicated interest in participating in this year’s edition of the Lagos International Trade Fair, one of Africa’s largest trade fairs, from 7-16 Nov., according to organiser Lagos Chamber of Commerce and Industries (LCCI). Full text...

  • Mauritius: Tuesday's forex rates for Rupee
    21 october 2014 08:16:59
    Port-Louis, Mauritius (PANA) - Following are Tuesday's exchange rates for the Mauritian Rupee: Full text...

  • Tanzania: IMF projects robust growth in sub-Saharan Africa
    21 october 2014 08:00:05
    Dar es Salaam, Tanzania (PANA) - “The strong growth trends of recent years in the sub-Saharan Africa region are expected to continue," Ms. Antoinette Sayeh, Director of the International Monetary Fund (IMF)’s African Department, said late Monday. Full text...

  • Ghana: Tuesday's exchange rates for Ghana cedi
    21 october 2014 07:36:49
    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...

  • Tanzania: Tuesday's forex rates for Shilling
    21 october 2014 07:23:44
    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...

  • Rwanda: Monday's exchange rates for Rwandan franc
    20 october 2014 16:50:07
    Kigali, Rwanda (PANA) - Following are Monday's exchange rates for the Rwandan franc as issued by the National Bank of Rwanda: Full text...

  • Senegal: BADEA extends US$ 29 million loans to four African countries
    20 october 2014 16:47:33
    Dakar, Senegal (PANA) – Dakar, Senegal (PANA) - The Arab Bank for Economic Development in Africa (BADEA) has signed four new loan agreements totalling US$ 29 million for financing development projects in Tanzania, Togo, Gambia and Benin, the bank said in a statement made available to PANA here Monday. Full text...

  • Ethiopia: Ethiopia on course for sovereign bond issue 
    20 october 2014 15:44:02
    Addis Ababa, Ethiopia (PANA) - Ethiopia, East Africa's second larges economy, is on course for the issuance of a sovereign bond, marking the entry into the international financial markets as an alternative to foreign lenders, PANA reported Monday. Full text...

  • Zambia: Monday’s forex rates for Kwacha
    20 october 2014 14:05:49
    Lusaka, Zambia (PANA) – Following are Monday's foreign exchange rates for the Zambian kwacha, as released by the Bank of Zambia: Full text...

  • Cote d'Ivoire: Trading at West African Bourse declines
    20 october 2014 10:11:59
    Abidjan, Cote d’Ivoire (PANA) - Trading at the West African regional stock exchange, BRVM, ended Friday on the decline, with the BRVM Index 10 falling from 265.61 points to 261.50 points, representing a decrease of 1.55%. Full text...

  • Mauritius: Monday's forex rates for Rupee
    20 october 2014 09:35:00
    Port-Louis, Mauritius (PANA) - The following are Monday's exchange rates for the Mauritian Rupee: Full text...

  • Senegal: Monday’s forex rates for Gambian Dalasis
    20 october 2014 08:28:39
    Dakar, Senegal (PANA) - The following are Monday’s exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Ghana: Monday's exchange rates for Ghana cedi
    20 october 2014 08:26:44
    Accra, Ghana (PANA) - The following are Monday's average inter-bank exchange rates for the Ghana cedi, as announced by the Ghana Association of Bankers: Full text...

  • Tanzania: Monday's forex rates for Shilling
    20 october 2014 07:30:44
    Dar es Salaam, Tanzania (PANA) - Following are Monday's exchange rates for the Tanzania Shilling, as issued by the Bank of Tanzania: Full text...

  • Tanzania: EU strikes a comprehensive trade deal with East African Community
    18 october 2014 07:52:02
    Dar es Salaam, Tanzania (PANA) - Negotiators from the EU and the East African Community (EAC) have finalised a new comprehensive Economic Partnership Agreement (EPA) between both regions, the European Commission has announced. Full text...

  • Gambia: Saturday's forex rates for Gambian Dalasis
    18 october 2014 06:54:54
    Banjul, Gambia (PANA) - Following are Saturday's exchange rates for the Gambian Dalasis: Full text...

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