Economy -
  • Nigeria: Nigeria will provide counterpart funding for agreements with China on infrastructure projects - Buhari
    18 october 2016 15:46:05
    Abuja, Nigeria (PANA) – Nigeria's President, Muhammadu Buhari, Tuesday said the Federal Government was ready to provide counterpart funding for all agreements reached with China in order to help in quickly closing infrastructural gaps in Nigeria. Full text...

  • Gambia: Tuesday's forex rates for the Gambian Dalasi
    18 october 2016 06:30:35
    Banjul, Gambia (PANA) – The following are Tuesday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Ghana: Tuesday's exchange rates for the Ghana cedi
    18 october 2016 05:42:57
    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...

  • Botswana: Air Botswana bans Samsung Galaxy Note 7
    17 october 2016 17:52:38
    Gaborone, Botswana (PANA) – Air Botswana has joined other international airliners to ban Samsung Galaxy Note 7 devices from all its flights. Full text...

  • Gambia: Monday's forex rates for the Gambian Dalasi
    17 october 2016 10:54:38
    Banjul, Gambia (PANA) – The following are Monday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Nigeria: Nigeria's inflation inches up to 17.9% in September
    17 october 2016 07:09:43
    Abuja, Nigeria (PANA) – The Nigerian National Bureau of Statistics (NBS) has said that the Consumer Price Index, which measures inflation across the country, increased to 17.9 per cent year-on-year in September 2016, up from the 17.6 per cent recorded in August. Full text...

  • Nigeria: Nigeria's external reserves hit 11-year low
    17 october 2016 06:59:17
    Abuja, Nigeria (PANA) – Nigeria’s external reserves have hit an 11-year low of US$24.21bn, according to the latest data from the Central Bank of Nigeria (CBN). Full text...

  • Ghana: Monday's exchange rates for Ghana cedi
    17 october 2016 05:30:53
    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...

  • Nigeria: AU member states sign African Charter on maritime security
    16 october 2016 20:33:40
    Abuja, Nigeria (PANA) - African Union (AU) member states on Sunday signed an African Charter on Maritime Security, Safety and Development in Lome, Togo, with the Nigerian Vice President Yemi Osinbajo said that without securing the Oceans, the continental 'blue economy,' would be jeopardised. Full text...

  • Nigeria: CBN approves new foreign exchange window for airlines operating in Nigeria
    15 october 2016 17:58:12
    Abuja, Nigeria (PANA) – The Central Bank of Nigeria has approved a Special Secondary Market Intervention Retail Sales for airlines operating in the country to enable them to access foreign exchange, the Deputy Director, Press and Public Affairs, Nigeria’s Federal Ministry of Transportation, Mr. James Odaudu, announced in a statement in Abuja. Full text...

  • Gambia: Saturday's forex rates for Gambian Dalasi
    15 october 2016 06:29:40
    Banjul, Gambia (PANA) – The following are Saturday’s foreign exchange rates for the Gambian currency, the Dalasi (D), as published by Trust Bank Gambia ltd: Full text...

  • Kenya: Tanzania to host Africa Energy Forum
    14 october 2016 10:29:34
    Nairobi, Kenya (PANA) - Tanzania will host the 1st Africa Energy Forum - Off the Grid meeting - in December with a view to discussing topical issues concerning rolling out off-grid projects across sub-Saharan Africa, forum organizers said on Friday. Full text...

  • Gabon: Friday's forex rates for CFAF in Central Africa
    14 october 2016 10:08:50
    Libreville, Gabon (PANA) – Following are Friday’s exchange rates for the CFA Franc in Central Africa, as issued by the Bank of Central African States (BEAC). Full text...

  • Rwanda: Friday's forex rates for Rwandan franc
    14 october 2016 09:57:13
    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...

  • Mauritius: Friday's forex rates for Mauritian Rupee
    14 october 2016 09:17:04
    Port-Louis, Mauritius (PANA) – Following are Friday's foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Gambia: Friday's forex rates for the Gambian Dalasi
    14 october 2016 06:37:07
    Banjul, Gambia (PANA) – The following are Friday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Ghana: Friday's exchange rates for Ghana cedi
    14 october 2016 04:38:22
    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...

  • Kenya: German firm opens Kenya office to target large European companies
    13 october 2016 18:00:15
    Nairobi, Kenya (PANA) - A German tax firm, Rodl and Partner, has opened new offices in Nairobi to target European firms expanding operations within Africa, with a key focus on pharmaceuticals, car industry and technology sectors, which have the highest concentration of German enterprises. Full text...

  • Mauritania: Thursday's exchange rates for Mauritanian Ouguiya
    13 october 2016 10:44:42
    Nouakchott, Mauritania (PANA) – Following are Thursday’s exchange rates for the Ouguiya, as issued by the Central Bank of Mauritania (BCM). Full text...

  • Mauritius: Thursday's forex rates for Mauritian Rupee
    13 october 2016 08:33:17
    Port-Louis, Mauritius (PANA) – Following are Thursday's foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Gambia: Thursday's forex rates for the Gambian Dalasi
    13 october 2016 06:56:03
    Banjul, Gambia (PANA) – The following are Thursday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Ghana: Thursday's exchange rates for Ghana cedi
    13 october 2016 05:46:38
    Accra, Ghana (PANA) - The following are Thursday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Rwanda: Rwandan banks' assets rise in 2016
    12 october 2016 12:16:18
    Kigali, Rwanda (PANA) - Total assets of Rwandan banks increased by 14% in the first six months of 2016 compared to the same period last year, the National Bank of Rwanda said in a new report made available on Wednesday to PANA in Kigali. Full text...

  • Gambia: Wednesday's forex rates for the Gambian Dalasi
    12 october 2016 11:29:40
    Banjul, Gambia (PANA) – The following are Wednesday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Côte d’Ivoire: IMF reaches staff-level agreement with Côte d’Ivoire
    12 october 2016 11:06:59
    Abidjan, Côte d’Ivoire (PANA) - Following discussions held between International Monetary Fund (IMF) staff and the Ivorian authorities during the just-ended 2016 Annual Meetings in Washington, a staff-level agreement has been reached on a three-year economic support programme for the West African country, the IMF said Wednesday. Full text...

  • Rwanda: Wednesday's forex rates for Rwandan franc
    12 october 2016 11:01:47
    Kigali, Rwanda (PANA) - The following are Wednesday's foreign exchange rates for the Rwandan Franc, as issued by the National Bank of Rwanda. Full text...

  • Ghana: Wednesday's exchange rates for Ghana cedi
    12 october 2016 05:04:48
    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...

  • Gabon: Tuesday's exchange rates for the CFAF in Central Africa
    11 october 2016 10:53:14
    Libreville, Gabon (PANA) – Following are Tuesday’s exchange rates for the CFA Franc in Central Africa, as issued by the Bank of Central African States (BEAC). Full text...

  • Mauritius: Tuesday's forex rates for Rupee
    11 october 2016 08:02:57
    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...

  • Gambia: Tuesday's forex rates for the Gambian Dalasi
    11 october 2016 06:24:02
    Banjul, Gambia (PANA) – The following are Tuesday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Ghana: Tuesday's exchange rates for the Ghana cedi
    11 october 2016 05:11:55
    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...

  • Zambia: COMESA Intergovernmental Committee begins meeting in Madagascar
    10 october 2016 14:21:52
    Lusaka, Zambia (PANA) – Leaders of the Common Market for Eastern and Southern African (COMESA) began a meeting in Madagascar on Monday to set the programme for the next one year for the 19-member regional economic bloc, focusing on the role of industrialization in addressing low trade volumes. Full text...

  • Zambia: COMESA, USAID sign US$77m partnership agreement to strengthen regional development
    10 october 2016 13:46:51
    Lusaka, Zambia (PANA) - The United States Agency for International Development (USAID) and the Common Market for Eastern and Southern Africa (COMESA) on Monday launched a five-year Regional Development Objectives Grant Agreement at the 36th Intergovernmental Committee meeting taking place in Antananarivo, Madagascar. Full text...

  • Rwanda: Monday's forex rates for Rwandan franc
    10 october 2016 09:38:02
    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...

  • Gambia: Monday's forex rates for the Gambian Dalasi
    10 october 2016 06:30:37
    Banjul, Gambia (PANA) – The following are Monday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Ghana: Monday's exchange rates for Ghana cedi
    10 october 2016 05:41:02
    Accra, Ghana (PANA) - The following are Monday's average interbank exchange rates fir the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • US: Emerging markets well prepared for US Fed rate increase
    09 october 2016 15:58:50
    Washington D.C., US (PANA) - Emerging market countries are well prepared to handle any fallout from a Federal Reserve interest rate increase according to central bankers taking part in an International Monetary Fund (IMF) seminar in Washington, DC. Full text...

  • US: Guinea-Bissau authorities commit to IMF credit requirements
    09 october 2016 10:54:05
    Washington D.C., US (PANA) - Guinea-Bissau authorities will implement the needed fiscal efforts to close the outstanding fiscal gap in 2016, comprising mainly proceeds from the sale of timber seized by the government, resuming normal operations at customs, broadening the tax base, improving tax administration, and rigorous spending controls, it was learnt here Sunday. Full text...

  • US: Commodities, rainfall, instability biggest challenges in Africa - Ministers
    09 october 2016 10:10:03
    Washington D.C., US (PANA) - Low commodity prices, climate change, and insecurity are forcing many countries to make significant fiscal adjustments, African finance ministers have said at the ongoing International Monetary Fund (IMF)-World Bank Spring Meetings in Washington D.C. Full text...

  • US: IMF urged to support investment needs of low-income countries
    09 october 2016 08:55:00
    Washington, D.C., US (PANA) - Members of the International Monetary and Finance Committee (IMFC) have called on the International Monetary Fund (IMF) to support low-income countries (LICs) in their efforts to address investment needs, and provide advice on striking the appropriate balance between financing development needs and preserving debt sustainability. Full text...

  • Ethiopia: China, AU sign landmark agreement on high-speed railway connection
    08 october 2016 14:35:57
    Addis Ababa, Ethiopia (PANA) - China and the African Union (AU) have agreed to begin the implementation of a five-year plan, aiming to connect all economic and political capital cities in Africa with high-speed railway, industrial parks and regional aviation networks, the AU said on Friday. Full text...

  • US: IMF members commit US$340 billion in bilateral borrowing
    07 october 2016 18:17:26
    New York, US (PANA) - Twenty-five members of the International Monetary Fund (IMF) have committed US$340 billion, which represents their Special Drawing Right (SDR) of 243 billion in bilateral borrowed resources with maximum terms through end-2020. Full text...

  • Nigeria: Germany to assist Nigeria with €47.6m on technical aid, resettlement of IDPs
    07 october 2016 15:57:28
    Abuja, Nigeria (PANA) – The German government has announced a commitment of 47.6 million euros (One Euro = 341.14 naira) as financial support to Nigeria for technical cooperation programmes and special project initiatives. Full text...

  • Rwanda: Friday's forex rates for Rwandan franc
    07 october 2016 11:06:30
    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...

  • Mauritius: Friday's forex rates for Rupee
    07 october 2016 10:39:46
    Port-Louis, Mauritius (PANA) – Following are Friday's foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Gambia: Friday's forex rates for the Gambian Dalasi
    07 october 2016 06:31:16
    Banjul, Gambia (PANA) – The following are Friday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Ethiopia: Ethiopians, foreign investors count losses after Oromia violence
    06 october 2016 21:07:33
    Addis Ababa, Ethiopia (PANA) - At least 11 factories owned by foreign investors were burnt down in the violent protests which spread across Oromia region in the outskirts of the Ethiopian capital city, Addis Ababa, the media reported on Thursday. Full text...

  • Kenya: Kenya to begin crude oil exports in June 2017
    06 october 2016 18:59:41
    Nairobi, Kenya (PANA) - Kenyan government has approved a joint venture agreement with three foreign firms to begin exportation of 2,000 barrels of crude oil by June 2017, the President's office has said. Full text...

  • Mauritius: Thursday's forex rates for Rupee
    06 october 2016 08:17:09
    Port-Louis, Mauritius (PANA) – Following are Thursday's foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Gambia: Thursday's forex rates for the Gambian Dalasi
    06 october 2016 06:38:56
    Banjul, Gambia (PANA) – The following are Thursday’s exchange rates for the Gambian Dalasis (D) as published by Trust Bank Gambia Ltd: Full text...

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