Economy -
  • Monday's forex rates for Rwandan Franc
    15 october 2018 14:14:47
    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...

  • Private Ethiopian airline undertakes first commercial to Somalia in 41 years
    15 october 2018 09:19:38
    Mogadishu, Somalia (PANA) - A private Ethiopian airline, National Airways, on Saturday undertook the first commercial flight between Ethiopia and Somalia in 41 years, signalling the further warming of relations between the two neighbouring countries of the Horn of Africa. Full text...

  • Monday's forex rates for the Mauritian Rupee
    15 october 2018 08:42:32
    Port-Louis, Mauritius (PANA) - Following are Monday's foreign exchange rates for the Mauritian Rupee as issued by the Mauritian Commercial Bank: Full text...

  • Monday’s forex rates for the Gambian Dalasi
    15 october 2018 08:06:51
    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...

  • EU signs financing agreement to bolster Somalia govt Treasury
    14 october 2018 14:39:49
    Mogadishu, Somalia (PANA) - The European Union (EU) has signed a budget support agreement with Somalia for US$116 million (€100 million) to be released over the next two-and-a-half years. Full text...

  • UN chief outlines importance of international financial cooperation for sustainable dev't
    14 october 2018 09:32:30
    Bali, Indonesia (PANA) - United Nations Secretary-General António Guterres has called for a surge in investment, long-term financing and global stability to overcome the obstacles to inclusive, resilient and environmentally sustainable global growth. Full text...

  • AfDB approves strategy to accelerate Eastern Africa transformation
    13 october 2018 12:06:57
    Abidjan, Cote d'Ivoire (PANA) - The African Development Bank has approved the East Africa Regional Integration Strategy Paper (RISP) laying out the road-map for accelerating regional integration, with regional infrastructure development among the main pillars of the plan. Full text...

  • Norway donates US $54 million for Somalia reconstruction
    13 october 2018 11:40:00
    Mogadishu, Somalia (PANA) -Somalia will benefit from a US$54.3 million contribution by the Norwegian government to a World Bank-managed reconstruction fund, the Bank announced on Saturday. Full text...

  • Saturday’s forex rates for Gambian Dalasi
    13 october 2018 08:29:05
    Banjul, Gambia (PANA) – The following are Saturday’s foreign exchange rates for the Gambian Dalasi as published by Trust Bank Gambia Ltd: Full text...

  • Friday's forex rates for Rwandan Franc
    12 october 2018 14:59:12
    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 Mauritanian Ouguiya
    12 october 2018 14:08:22
    Nouakchott, Mauritania (PANA) - Following are Friday's exchange rates for the Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Friday's exchange rates for Mauritian rupee
    12 october 2018 11:56:39
    Port-Louis, Maurice (PANA) - The following are Friday's exchange rates for the Mauritian Rupee as announced by the Mauritius Commercial Bank. Full text...

  • Friday's exchange rates for Ghana cedi
    12 october 2018 11:03:23
    Accra, Ghana (PANA) - The following are Friday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Friday’s forex rates for the Gambian Dalasi
    12 october 2018 07:16:40
    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...

  • World Bank economic update praises Kenyan taxpayers' expenses on education, health
    12 october 2018 07:02:59
    Nairobi, Kenya (PANA) –  Government spending on education and health has helped cushion the most vulnerable Kenyans from extreme poverty, a new World Bank report on the status of the Kenyan economy shows. Full text...

  • Future jobs require more investment in people – WB report
    12 october 2018 06:54:45
    Bali, Indonesia (PANA) - Greater investments in people’s health and education are urgent in a rapidly evolving labour market increasingly shaped by technology, according to the World Development Report 2019: The Changing Nature of Work released on Friday in Bali, Indonesia. Full text...

  • Kenyan economy to continue on high growth path into 2020: World Bank
    12 october 2018 06:46:10
    Nairobi, Kenya (PANA) - The Kenyan economy is projected to rise to 5.7% in 2018—from 4.9% in 2017—and continue to increase steadily to 5.8% in 2019 and 6.0% in 2020, the World Bank said in its latest economic update on Kenya released on Thursday. Full text...

  • Thursday's forex rates for Mauritanian Ouguiya
    11 october 2018 13:46:45
    Nouakchott, Mauritania (PANA) - The following are Thursday's foreign exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • AfDB provides 50m euros for Conakry-Bissau road project
    11 october 2018 13:42:51
    Abidjan, Cote d'Ivoire (PANA) - The governments of Guinea and Guinea Bissau will receive 50 million euros, in the form of grants and loans, to finance the first phase of the Boké-Québo road development project, a road corridor between Conakry and Bissau. Full text...

  • Kenya goes all out for renewable energy (A feature by AfDB)
    11 october 2018 13:28:44
    Nairobi, Kenya (PANA) - Kenya has taken less than a decade to make giant strides in its energy sector and the key to this are two iconic renewable energy projects that have benefited from the decisive support of the African Development Bank (AfDB): Turkana Wind Farm and Menengai Geothermal Power Station. Full text...

  • Bad weather disrupts flights at Kigali International Airport
    11 october 2018 11:06:26
    Kigali, Rwanda (PANA) - Bad weather at Kigali International Airport has caused several flight cancellations or delays on Thursday morning, an official statement issued in Kigali by Rwanda Air said. Full text...

  • EU adopts tougher rules on money laundering
    11 october 2018 10:38:40
    Brussels, Belgium (PANA) - The European Council on Thursday adopted a new anti money laundering directive, introducing new criminal law provisions which will disrupt and block access by criminals to financial resources, including those used for terrorist activities. Full text...

  • South African newsletter claims DRC, Tanzania taking extreme resource nationalist measures
    11 october 2018 10:35:27
    Johannesburg, South Africa (PANA) - Resource nationalist measures being implemented in Democratic Republic of Congo (DRC) and Tanzania are significantly more extreme than those being adopted and even considered in most other African countries, according to a mines-focused South African newsletter. Full text...

  • Thursday's forex rates for the Mauritian Rupee
    11 october 2018 08:21:45
    Port-Louis, Mauritius (PANA) - Following are Thursday's foreign exchange rates for the Mauritian Rupee as issued by the Mauritian Commercial Bank: Full text...

  • Thursday's forex rates for Rwandan Franc
    11 october 2018 08:19:39
    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...

  • Thursday’s forex rates for the Gambian Dalasi
    11 october 2018 07:16:20
    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...

  • UN resolution paves way for mass use of driverless cars
    11 october 2018 03:36:59
    Geneva, Switzerland (PANA) - A resolution to ensure the safe use of automated vehicles was passed at the UN Economic Commission for Europe (UNECE) Global Forum on Road Traffic Safety in Geneva, on Wednesday. Full text...

  • AfDB, partner banks publish newly-harmonized framework for Private Sector operations
    10 october 2018 13:25:20
    Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) and other Multilateral Development Banks (MDBs) have published a harmonized framework for assessing "additionality" in their respective private sector operations. Full text...

  • Wednesday's forex rates for the Mauritanian Ouguiya
    10 october 2018 10:42:16
    Nouakchott, Mauritania (PANA) - The following are Wednesday's foreign exchange rates for the Mauritanian Ouguiya as issued by the Central Bank of Mauritania. Full text...

  • Wednesday's forex rates for Rwandan Franc
    10 october 2018 10:06:21
    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...

  • UN launches 16 million euro programme for Gambian youth, women
    10 october 2018 08:52:23
    Banjul, Gambia (PANA) – The UN Capital Development Fund (UNCDF) on Tuesday launched 16 million euro programme geared towards promoting climate resilience through local development finance and financial inclusion in support of job creation in the Gambia. Full text...

  • Wednesday's forex rates for the Mauritian Rupee
    10 october 2018 08:43:56
    Port-Louis, Mauritius (PANA) - Following are Wednesday's foreign exchange rates for the Mauritian Rupee as issued by the Mauritian Commercial Bank: Full text...

  • Wednesday’s forex rates for the Gambian Dalasi
    10 october 2018 08:39:37
    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 exchange rates for Mauritanian Ouguiya
    09 october 2018 11:55:40
    Nouakchott, Mauritania (PANA) - The following are Tuesday's exchange rates for the Mauritanian Ouguiya as announced by the Central Bank of Mauritania. Full text...

  • Tuesday's exchange rates for Ghana cedi
    09 october 2018 10:28:08
    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 Mauritian Rupee
    09 october 2018 09:03:29
    Port-Louis, Mauritius (PANA) - Following are Tuesday's foreign exchange rates for the Mauritian Rupee as issued by the Mauritian Commercial Bank: Full text...

  • Tuesday’s forex rates for the Gambian Dalasi
    09 october 2018 07:40:36
    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...

  • 2-day India-West Africa business conclave begins in Abuja
    08 october 2018 16:45:41
    Abuja, Nigeria (PANA) – A two-day India-West Africa Business conclave began Monday in Abuja with stakeholders saying stable power supply in West Africa and stronger trade cooperation would aid the development of the sub-region. Full text...

  • Isuzu East Africa launch 1st Service Centre in Africa
    08 october 2018 13:13:48
    Nairobi, Kenya (PANA) - Truck and bus manufacturer, Isuzu East Africa, on Monday launched the first Isuzu Service Centre in Africa at its assembly plant in Nairobi, Kenya, as it marked the international customer service week. Full text...

  • 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...

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