Economy -
  • Mali: WADB extends 25 billion CFAF credit to Mali for rehabilitation of power stations
    19 november 2014 17:28:08
    Bamako, Mali (PANA) – Mali's Minister of Economy and Finance, Mrs Bouaré Fily Sissoko and West African Development Bank (WADB) Governor Christian Adovelandce on Wednesday signed in Bamako an agreement under which the bank will extend a 25 billion CFAF credit for rehabilitation of two hydropower stations, official sources told PANA. Full text...

  • Ghana: Finance minister says economic measures bearing fruits
    19 november 2014 17:15:54
    Accra, Ghana (PANA) – Ghana’s finance minister Seth Terkper on Wednesday acknowledged the challenges facing the country’s economy but said measures instituted by the government to overcome them were beginning to bear fruits. Full text...

  • Rwanda: Wednesday's forex rates in Rwanda
    19 november 2014 16:48:18
    Kigali, Rwanda (PANA) - Following are Wednesday's exchange rates for the Rwandan Franc as issued by the National Bank of Rwanda: Full text...

  • Mauritius: Sugar industry workers on strike in Mauritius
    19 november 2014 15:53:21
    Port-Louis, Mauritius (PANA) – The 4,500 workers of the Mauritian sugar industry Wednesday embarked on an indefinite strike following a refusal by their employers to grant them a 30% pay rise that they asked for since the beginning of the year, PANA reported from here. Full text...

  • Senegal: Survey says electricity, corruption biggest problems for business in sub-Saharan Africa
    19 november 2014 15:46:07
    Dakar, Senegal (PANA) – Good Governance Africa (GGA), a research and advocacy body working to improve governance on the continent, Wednesday released a statement, saying unreliable or insufficient electricity, corruption and difficulty in getting bank loans are the three biggest constraints to doing business in sub-Saharan Africa. Full text...

  • Tanzania: Wednesday's forex rates for Shilling
    19 november 2014 15:42:13
    Dar es Salaam, Tanzania (PANA) - Following are Wednesday's foreign exchange rates for the Tanzania Shilling, as issued by the Bank of Tanzania: Full text...

  • Mauritania: Wednesday's forex rates for Ouguiya
    19 november 2014 13:33:07
    Nouakchott, Mauritania (PANA) - Following are Wednesday's foreign exchange rates for the Mauritanian Ouguiya: Full text...

  • Cote d'Ivoire: Trading down at West African bourse
    19 november 2014 13:14:35
    Abidjan, Cote d’Ivoire (PANA) - Trading at the West African regional stock exchange, BRVM, ended Tuesday on the decline, with the BRVM index 10 falling from 255.23 to 251.25 points, representing a decline of 1.56%. Full text...

  • Zambia: Wednesday's exchange rates for Zambian Kwacha
    19 november 2014 11:38:58
    Lusaka, Zambia (PANA) - The following are Wednesday's exchange rates for the Zambian Kwacha, as released by the Bank of Zambia: Full text...

  • Mauritius: Wednesday's forex rates for Rupee
    19 november 2014 10:51:01
    Port-Louis, Mauritius (PANA) - The following are Wednesday's exchange rates for the Mauritian Rupee: Full text...

  • Nigeria: To bridge electricity gap, Nigeria, others need US$25b
    19 november 2014 10:33:36
    Lagos, Nigeria (PANA) - Nigeria and some other West African countries will need an estimated investment of US$25 billion naira within the next decade to tackle inefficient, unreliable and inconsistent power supply, according to Nigeria’s Minister of Power Chinedu Nebo. Full text...

  • Senegal: Wednesday’s forex rates for Gambian Dalasis
    19 november 2014 08:35:57
    Dakar, Senegal (PANA) - Following are Wednesday’s exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Ghana: Wednesday's exchange rates for Ghana cedi
    19 november 2014 08:34:31
    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...

  • Cape Verde: European business people visit Cape Verde
    18 november 2014 21:27:27
    Praia, Cape Verde (PANA) – A group of 50 business people from several European countries on Tuesday began a two-day visit to Cape Verde to identify opportunities and establish partnerships in the archipelago, sources close to the EU delegation told PANA in Praia. Full text...

  • Senegal: ECOWAS, WAEMU to hols 13th biennial conference
    18 november 2014 20:06:21
    Dakar, Senegal (PANA) – The 13th biennial conference of the Commission of the Economic Community of West African States (ECOWAS) and the West African Economic and Monetary Union (WAEMU) would be held on 26 November in Abuja, Nigeria. Full text...

  • Nigeria: Tuesday's foreign exchange rates in Nigeria
    18 november 2014 19:03:05
    Lagos, Nigeria (PANA) - Following are Tuesday's exchange rates for the Nigerian currency, the Naira, as released by the Central Bank of Nigeria: Full text...

  • Nigeria: Nigerian bourse signs agreement with London Stock Exchange
    18 november 2014 18:23:27
    Lagos, Nigeria (PANA) - The Nigerian Stock Exchange (NSE) Tuesday signed a capital market agreement with the London Stock Exchange Group (LSEG) for support to African companies seeking dual listings on Lagos and London stock exchanges. Full text...

  • Côte d’Ivoire: Côte d’Ivoire to chair UPU's strategic conference in April 2015
    18 november 2014 17:09:53
    Abidjan, Côte d’Ivoire (PANA) - The Universal Postal Union (UPU)’s Council of Administration (CA) has decided to give the chairmanship of the organization’s forthcoming Strategy Conference to Côte d’Ivoire. Full text...

  • Ethiopia: AU seeks Chinese backing for expanded industrialisation goals
    18 november 2014 13:42:55
    Addis Ababa, Ethiopia (PANA) - The African Union (AU) has sought China’s support towards its push for the inclusion of trade and industrialization agenda in the future UN plan to fight poverty, known as the Sustainable Development Goals (SDG), at talks with visiting Chinese officials. Full text...

  • Cote d'Ivoire: Trading at the West African bourse rises
    18 november 2014 13:11:29
    Abidjan, Cote d’Ivoire (PANA) - Trading at the West African regional stock exchange, BRVM, ended Monday on the rise, with the BRVM index 10 inching up from 254.80 to 255.23 points, representing a rise of 0.17%. Full text...

  • Mauritania: Tuesday's forex rates for Ouguiya
    18 november 2014 12:53:16
    Nouakchott, Mauritania (PANA) - The following are Tuesday's exchange rates for the Mauritanian Ouguiya: Full text...

  • Zambia: Tuesday’s exchange rates for Kwacha
    18 november 2014 12:50:38
    Lusaka, Zambia (PANA) - The following are Tuesday's exchange rates for the Zambian kwacha, as released by the Bank of Zambia: Full text...

  • Togo: 'WADB financed over 700 projects in WAEMU zone in 41 years'
    18 november 2014 11:53:24
    Lomé, Togo (PANA) - The West African Development Bank (WADB) has financed more than 700 public and private development projects in the West African Economic and Monetary Union (WAEMU) zone, according to its Secretary General, Sékou Sylla. Full text...

  • Senegal: Tuesday’s forex rates for the Gambian Dalasis
    18 november 2014 11:42:09
    Dakar, Senegal (PANA) - The following are Tuesday’s exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Rwanda: Tuesday's forex rates in Rwanda
    18 november 2014 09:45:32
    Kigali, Rwanda (PANA) - The following are Tuesday's exchange rates for the Rwandan Franc, as issued by the National Bank of Rwanda: Full text...

  • Ghana: Tuesday's exchange rates for Ghana cedi
    18 november 2014 09:32:54
    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...

  • Mauritius: Tuesday's forex rates for Rupee
    18 november 2014 08:31:03
    Port-Louis, Mauritius (PANA) - Following are Tuesday's exchange rates for the Mauritian Rupee: Full text...

  • Tanzania: IMF concludes first review of Morocco's precautionary, liquidity line
    18 november 2014 08:14:34
    Dar es Salaam, Tanzania (PANA) - Morocco has made progress over the last decade in reducing poverty, but more needs to be done to increase employment, reduce inequalities, and improve education and access to basic infrastructure, according to findings by an International Monetary Fund (IMF) staff team that visited the country 5-17 Nov. 2014. Full text...

  • Tanzania: Tuesday's forex rates for Shilling
    18 november 2014 07:14:01
    Dar es Salaam, Tanzania (PANA) - Following are Tuesday's exchange rates for the Tanzania Shilling, as issued by the Bank of Tanzania: Full text...

  • Nigeria : Monday's foreign exchange rates in Nigeria
    17 november 2014 20:45:10
    Lagos, Nigeria (PANA) - Following are Monday's exchange rates for the Nigerian currency, the Naira, as released by the Central Bank of Nigeria: Full text...

  • Tanzania: East African Customs Union forges ahead
    17 november 2014 20:19:32
    Dar es Salaam, Tanzania (PANA) - The East African Customs Union grouping the five member countries of the East African Community (EAC) has attained its full implementation and several phases are at an advanced stage, Margaret Nantongo Zziwa, Speaker of the East African Legislative body, said Monday. Full text...

  • Rwanda: Monday's forex rates in Rwanda
    17 november 2014 18:08:56
    Kigali, Rwanda (PANA) – Following are Monday's exchange rates of the Rwandan Franc as issued by the National Bank of Rwanda: Full text...

  • Tanzania: Monday's forex rates for Shilling
    17 november 2014 16:21:34
    Dar es Salaam, Tanzania (PANA) - Following are Monday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania: Full text...

  • Kenya: Court allows graft body to charge Central Bank Governor
    17 november 2014 15:20:22
    Nairobi, Kenya (PANA) - Kenya’s Central Bank Governor, Njuguna Ndung’u, will now face fraud charges after the High Court lifted an earlier order to have the Ethics and Anti-Corruption body to pursue a case against him over a security tender in which the Bank lost funds. Full text...

  • Tanzania: China's ZTE at risk of losing Ethiopia Telecom deal
    17 november 2014 13:08:33
    Dar es Salaam, Tanzania (PANA) - The Ethiopian government has warned the Chinese telecommunications firm, ZTE Corp., that it may cancel a huge contract it awarded to it last year, amid concerns about the prices ZTE is proposing to charge for its equipment, according to Pyramid Research which is familiar with the negotiations. Full text...

  • Sudan: Monday's forex rates in Sudan
    17 november 2014 12:26:54
    Khartoum, Sudan (PANA) - The following are Monday's foreign exchange rates for the Sudanese pound: Full text...

  • Cote d'Ivoire: Trading upbeat at West African bourse
    17 november 2014 11:56:46
    Abidjan, Cote d’Ivoire (PANA) -Trading at the West African regional stock exchange, BRVM, ended Friday on the rise, with the BRVM index 10 inching up from 244.89 to 254.80 points, representing a rise of 4.05%. Full text...

  • Nigeria: 'Africa must diversify economy to overcome global economic uncertainties'
    17 november 2014 11:29:17
    Lagos, Nigeria (PANA) - Nigeria’s Finance Minister Ngozi Okonjo-Iweala has called on African countries to diversify their economies in order to overcome the prevailing global economic uncertainties. Full text...

  • Mauritania: Monday's forex rates for Ouguiya
    17 november 2014 11:22:28
    Nouakchott, Mauritania (PANA) - Following are Monday's exchange rates for the Mauritanian Ouguiya: Full text...

  • Mauritius: Monday's forex rates for Rupee
    17 november 2014 10:04:55
    Port-Louis, Mauritius (PANA) - Following are Monday's exchange rates for the Mauritian Rupee: Full text...

  • Senegal: Monday’s forex rates for Gambian Dalasis
    17 november 2014 08:37:10
    Dakar, Senegal (PANA) - Following are Monday’s exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Ghana: Monday's exchange rates for Ghana cedi
    17 november 2014 07:42:16
    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...

  • Nigeria: Nigeria takes cautious measures as crude oil price tumbles
    16 november 2014 18:34:56
    Abuja, Nigeria (PANA) – Nigeria is considering a slash on the price of its crude oil in view of the downward slide of oil prices in the international market, the country's Coordinating Minister for the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala said here Sunday. Full text...

  • Nigeria: 'Africa needs stronger representation at G20'
    16 november 2014 11:44:20
    Lagos, Nigeria (PANA) - As the two-day G20 summit rounded off in Brisbane, Australia, Sunday, an African economic expert has canvassed a stronger representation for the continent in the group, which comprises the world’s largest advanced and emerging economies, representing about two-thirds of the world’s population. Full text...

  • Tanzania: IMF chief welcomes G20 support for Ebola affected countries
    16 november 2014 11:25:48
    Dar es Salaam, Tanzania (PANA) - The Group of 20 (G20) Leaders Summit that ended Sunday in Brisbane, Australia, has supported the International Monetary Fund (IMF)'s efforts, working with all the Fund's partners and donors, to increase support for the countries most affected by the scourge of Ebola, including through debt relief. Full text...

  • Nigeria: Friday's foreign exchange rates in Nigeria
    14 november 2014 19:17:24
    Lagos, Nigeria (PANA) - Following are Friday's exchange rates for the Nigerian currency, the Naira, as released by the Central Bank of Nigeria: Full text...

  • Tunisia: Tunisia, Cote d'Ivoire hold forum on economic relations
    14 november 2014 18:07:42
    Tunis, Tunisia (PANA) – Côte d’Ivoire has become the gate for investments in Africa after the return of the African Development Bank (AfDB) to its official seat in Abidjan, African Chamber of Commerce president Ridha Mahjoub remarked here Friday at the opening of a forum on coordination of economic relations between Tunisia and Cote d'Ivoire. Full text...

  • Rwanda: Friday's forex rates in Rwanda
    14 november 2014 17:38:02
    Kigali, Rwanda (PANA) – Following are Friday's exchange rates of the Rwandan Franc as issued by the National Bank of Rwanda: Full text...

  • Congo: IMF mission starts consultations with Congolese authorities
    14 november 2014 16:29:59
    Brazzaville, Congo (PANA) – A staff team of the International Monetary Fund (IMF) arrived in Brazzaville, Congo, late Thursday to conduct discussions with the government on the country's macroeconomic performance. Full text...

  • Côte d’Ivoire: Trading at the West African bourse declines
    14 november 2014 15:04:45
    Abidjan, Côte d’Ivoire (PANA) – The West African bourse (BRVM) closed trading Thursday on the decline, as the BRVM 10 index dropped from 254.51 points to 244.89 points, a fall of 3.78%. Full text...

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