Economy -
  • Monday's exchange rates for Mauritian Rupee
    08 october 2018 09:15:00
    Port-Louis, Mauritius (PANA) - The following are Monday's exchange rates for the Mauritian Rupee as announced by the Commercial Bank of Mauritius. Full text...

  • Monday’s forex rates for the Gambian Dalasi
    08 october 2018 08:53:16
    Banjul, Gambia (PANA) – The following are Monday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Australian company to invest in gold operations in Sudan
    07 october 2018 14:45:54
    Khartoum, Sudan (PANA) - An Australian company, Australian Resolute Company, is planning to spend 22 million dollars in gold prospecting in Sudan, bringing its expertise in the field to the country. Full text...

  • AfDB convenes Public Private Partnerships Workshop for Energy Sector in Eswatini
    06 october 2018 11:30:34
    Mbabane, Swaziland (PANA) - The African Development Institute of the African Development Bank (AfDB) and the Southern Africa Regional Development and Business Delivery Office will host a national workshop on “Enhancing Institutional Capacity to Implement Public Private Partnerships (PPPs) in the Energy Sector” in Mbabane, Eswatini, formerly called Swaziland, from 8-12 October, 2018. Full text...

  • Saturday’s forex rates for Gambian Dalasi
    06 october 2018 11:16:24
    Banjul, Gambia (PANA) – The following are Saturday’s foreign exchange rates for the Gambian Dalasi (D), as published by Trust Bank Gambia Ltd: Full text...

  • Walvis Bay Port expansion well under way in Namibia (An AfDB Feature)
    05 october 2018 15:21:42
    Windhoek, Namibia (PANA) - Sea sounds and splashing waves greet a docking ship at Walvis Bay, where cranes are ready to offload and place heavy containers from the vessel. Full text...

  • Friday's forex rates for Rwandan Franc
    05 october 2018 13:41:00
    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...

  • Friday’s forex rates for the Gambian Dalasi
    05 october 2018 07:03:52
    Banjul, Gambia (PANA) – The following are Friday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • IMF team sees Côte d’Ivoire putting up strong economic performance
    04 october 2018 18:11:52
    Abidjan, Côte d’Ivoire (PANA) - After the exogenous and endogenous shocks of 2017, the Ivoirian economy has exhibited resilience and strong economic performance is projected in 2018 and 2019, according to an International Monetary Fund (IMF) staff team that has completed a two-week mission to the West African country. Full text...

  • Thursday's forex rates for Rwandan Franc
    04 october 2018 15:09:44
    Kigali, Rwanda (PANA) - The following are Thursday's foreign exchange rates for the Rwandan franc, as issued by the National Bank of Rwanda. Full text...

  • Rwanda hosts 2018 African Economic Conference on regional, continental integration
    04 october 2018 13:05:02
    Kigali, Rwanda (PANA) - Key development actors, academics, researchers, development partners, politicians and financiers began a 3-day (3-5 Oct.) meeting in Kigali, Rwanda, on Wednesday, themed "Regional and Continental Integration for Africa’s Development", under the framework of the African Economic Conference (AEC). Full text...

  • Guinea's bauxite mining boom threatens rights - HRW says
    04 october 2018 11:52:08
    Conakry, Guinea (PANA) - Guinea’s fast-growing bauxite mining industry is threatening the livelihoods of thousands of Guineans, Human Rights Watch (HRW) said in a report released on Thursday. Full text...

  • Thursday's exchange rates for Mauritanian Ouguiya
    04 october 2018 10:32:55
    Nouakchott, Mauritania (PANA) - Following are Thursday’s exchange rates for the Mauritania Ouguiya, as issued by the Central bank of Mauritania. Full text...

  • Thursday’s forex rates for the Gambian Dalasi
    04 october 2018 07:52:58
    Banjul, Gambia (PANA) – The following are Thursday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Trade wars and protectionism threaten global shipping, warns UN agency
    04 october 2018 06:51:45
    New York, US (PANA) - Maritime trade is stronger than it’s been for five years, but “tit-for-tat” tariff battles and restructuring by shipping companies threaten to disrupt its role as a key player in global commerce, the UN said on Wednesday. Full text...

  • African Union tourism ministers launch push for broader tourism market
    04 october 2018 06:33:36
    Nairobi, Kenya (PANA) - African Union Ministers of tourism launched a process of creating a single continental tourism market with a renewed push for the removal of visas at the end of a ministerial meeting in Nairobi on Wednesday. Full text...

  • Growth in Sub-Saharan Africa is slower than expected – WB report
    03 october 2018 18:50:37
    Washington, US (PANA) - Sub-Saharan African economies are still recovering from the slowdown in 2015-16, but growth is slower than expected, according to the October 2018 issue of Africa's Pulse, the bi-annual analysis of the state of African economies by the World Bank. Full text...

  • Alcohol levy trimmed in Botswana
    03 october 2018 17:45:42
    Gaborone, Botswana (PANA) – Botswana has cut alcohol levy from 55 percent to 35 percent, following calls from brewery industry players who felt the levy negatively impacted on the operation cost. Full text...

  • Growth in Sub-Saharan Africa is slower than expected – WB report
    03 october 2018 17:41:36
    Washington, US (PANA) - Sub-Saharan African economies are still recovering from the slowdown in 2015-16, but growth is slower than expected, according to the October 2018 issue of Africa’s Pulse, the bi-annual analysis of the state of African economies by the World Bank. Full text...

  • Egypt, IFC launch Africa Start-Ups Initiative
    03 october 2018 11:06:14
    Nairobi, Kenya (PANA) - The International Finance Corporation (IFC) and the Egyptian Government have partnered in launching a new initiative geared towards strengthening the entrepreneurship ecosystem across Africa. Full text...

  • Wednesday's forex rates for Rwandan Franc
    03 october 2018 10:13:44
    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...

  • Wednesday’s forex rates for the Gambian Dalasi
    03 october 2018 07:44:31
    Banjul, Gambia (PANA) – The following are Wednesday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Tuesday's forex rates for Mauritanian Ouguiya
    02 october 2018 13:16:05
    Nouakchott, Mauritania (PANA) - Following are Tuesday’s foreign exchange rates for the Ouguiya, as issued by the central bank of Mauritania. Full text...

  • Tuesday's exchange rates for Mauritian Rupee
    02 october 2018 11:32:19
    Port-Louis, Mauritius (PANA) - The following are Tuesday's exchange rates for the Mauritian Rupee as announced by the Commercial Bank of Mauritius. Full text...

  • Tuesday's exchange rates for Ghana cedi
    02 october 2018 09:53:06
    Accra, Ghana (PANA) - The following are Tuesday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Tuesday’s forex rates for the Gambian Dalasi
    02 october 2018 07:16:33
    Banjul, Gambia (PANA) – The following are Tuesday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • IMF Executive Board gives nod of approval to Tunisia’s recovery efforts
    01 october 2018 18:25:10
    Tunis, Tunisia (PANA) – Contented with the efforts of Tunisian authorities to reduce macroeconomic imbalances, the Executive Board of the International Monetary Fund (IMF) on Monday announced a US$247 million disbursement to support the country’s economic recovery and development programme. Full text...

  • NGO expresses concern about the fate of whales in Mauritian EEZ
    01 october 2018 16:35:52
    Port Louis, Mauritius (PANA) – A Mauritian NGO, Mauritius Save The Whales, has expressed its “deepest concern about the agreement signed between Mauritius and Japan on the development of the halieutic sector, which consists of a potential threat upon the endangered species of whales/fishes present in our seas.” Full text...

  • AfDB injects US$266 million into Rwanda’s electricity expansion project
    01 october 2018 15:57:52
    Kigali, Rwanda (PANA) - The African Development Bank (AfDB) has approved a loan of US$266 million to support Rwanda’s program to improve electricity supply reliability and expand access to electricity as part of a drive to transform the country into an export-oriented economy. Full text...

  • Monday's forex rates for Rwandan Franc
    01 october 2018 10:49:21
    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...

  • South Africa one step closer to securing massive Saudi Arabia investment
    01 october 2018 09:51:44
    Cape Town, South Africa (PANA) – South African Minister of Trade and Industry Rob Davies has arrived in Saudi Arabia to address the Kingdom's pledge to invest US$10 billion in the South African economy. Full text...

  • Monday's exchange rates for Mauritian Rupee
    01 october 2018 09:29:45
    Port-Louis, Mauritius (PANA) - The following are Monday's exchange rates for the Mauritian Rupee as announced by the Commercial Bank of Mauritius. Full text...

  • Monday’s forex rates for the Gambian Dalasi
    01 october 2018 08:07:20
    Banjul, Gambia (PANA) – The following are Monday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Saturday’s forex rates for the Gambian Dalasi
    29 september 2018 10:58:26
    Banjul, Gambia (PANA) – The following are Saturday's foreign exchange rates for the Gambian Dalasi (D) as issued by the Central Bank of The Gambia. Full text...

  • Friday's forex rates for Rwandan Franc
    28 september 2018 15:30:15
    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...

  • Friday's exchange rates for Mauritanian Ouguiya
    28 september 2018 11:38:49
    Nouakchott, Mauritania (PANA) - The following are Friday's exchange rates for the Mauritanian Ouguiya as announced by the Central Bank of Mauritania. Full text...

  • Friday’s forex rates for the Gambian Dalasi
    28 september 2018 11:20:25
    Banjul, Gambia (PANA) – The following are Friday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • ‘Pay attention to persistent revenue shortfalls’ - IMF team advises Ghana
    28 september 2018 09:20:33
    Accra, Ghana (PANA) – Ghana’s 2019 budget would need to address persistent revenue shortfalls and start tackling decisively the issue of exemptions, an International Monetary Fund (IMF) mission has suggested after the seventh review of the country’s economic programme supported by the Extended Credit Facility (ECF). Full text...

  • Friday's forex rates for the Mauritian Rupee
    28 september 2018 08:08:05
    Port-Louis, Mauritius (PANA) - The following are Friday's foreign exchange rates for the Mauritian Rupee as issued by the Mauritian commercial bank. Full text...

  • UN marks World Tourism Day
    27 september 2018 19:36:04
    New York, US (PANA) - The United Nations is marking this year’s World Tourism Day by exploring how technological advances such as big data, artificial intelligence and digital platforms can contribute to the way people travel and foster innovation in the tourism industry. Full text...

  • Gambia restricts official travel to cut down expenditure
    27 september 2018 17:56:32
    Banjul, Gambia (PANA) - The government of Gambia has banned all public officials from travelling abroad except for “essential statutory meetings” with effect from 1 October 2018 as President Adama Barrow struggles to cut down unnecessary expenditure of state funds. Full text...

  • Eskom SA to expand transmission network with US$218 loan from AfDB
    27 september 2018 13:05:10
    Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) has approved a US$ 217.9 million loan to South Africa’s power utility, Eskom Holdings Ltd., towards the upgrade and expansion of its transmission facilities, crucial to power supply within the sub-region. Full text...

  • IFAD, ACP intensify collaboration
    27 september 2018 11:35:22
    Nairobi, Kenya (PANA) - The heads of International Fund for Agricultural Development (IFAD) and the African, Caribbean and Pacific (ACP) Group of States have signed a letter of intent to intensify collaboration between the two institutions. Full text...

  • First time in 10 years Madagascar eyes above 5 percent growth in 2018
    27 september 2018 11:22:32
    Antananarivo, Madagascar (PANA) – Driven by a rebound in agricultural production as well as increased public investment, Madagascar’s economic growth is expected to exceed 5 percent this year, the highest level in 10 years, according to the latest review by the staff of the International Monetary Fund (IMF). Full text...

  • Thursday's exchange rates for the Mauritian Rupee
    27 september 2018 08:22:38
    Port-Louis, Mauritius (PANA) - The following are Thursday's exchange rates for the Mauritian Rupee as announced by the Commercial Bank of Mauritius. Full text...

  • Mauritius' sugar production forecast to fall by 7.1% in 2018
    27 september 2018 07:21:26
    Port-Louis, Mauritius (PANA) - The Mauritius Chamber of Agriculture announced on Thursday that production of sugar for the crop year 2018 is forecast at around 330,000 tonnes, representing a decrease of 7.1%, compared to 355,213 tonnes in 2017. Full text...

  • Thursday’s forex rates for the Gambian Dalasi
    27 september 2018 06:29:12
    Banjul, Gambia (PANA) – The following are Thursday’s foreign exchange rates for the Gambian Dalasi (D) as issued by the Central Bank of The Gambia. Full text...

  • Ethiopia steps up economic growth through private sector investment
    26 september 2018 19:49:42
    Addis Ababa, Ethiopia (PANA) – Ethiopia’s growth is expected to step up in 2018/9 to 8.5 percent, supported by stronger confidence as the uncertainty of the previous year recedes, and the availability of domestic and foreign direct investment improves, according to the International Monetary Fund (IMF) staff. Full text...

  • Kenya signs deal with UN agency to deliver 100,000 houses
    26 september 2018 18:05:21
    New York, US (PANA) – Kenyan has entered into an agreement with the UN Office for Project Services (UNOPS) to deliver 100,000 affordable housing units, the office of the President said on Wednesday. Full text...

  • Nigeria's MPC warns economy risks slipping into another recession
    26 september 2018 11:45:17
    Abuja, Nigeria (PANA) – Nigeria’s Monetary Policy Committee (MPC) ended its two-day meeting on Tuesday evening with a strong warning that the economy risks slipping into another recession if there is no synergy between monetary and fiscal policies to ensure macroeconomic stability. Full text...

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