Economy -
  • AfDB improves ranking in 2018 Global Aid Transparency Index
    04 july 2018 17:30:16
    Abidjan, Cote d'Ivoire (PANA) - The 2018 Aid Transparency Index Report, released by Publish What you Fund, has ranked the African Development Bank (AfDB) 4th among 45 development organizations, thereby lifting the Bank by six positions since 2016. Full text...

  • Wednesday's exchange rates for Mauritanian Ouguiya
    04 july 2018 12:07:20
    Nouakchott, Mauritania (PANA ) - Following are Wednesday’s exchange rates for the Ouguiya, as issued by the central bank of Mauritania. Full text...

  • IMF says economic situation in Egypt has continued to improve this year
    04 july 2018 11:48:48
    Cairo, Egypt (PANA) - The International Monetary Fund (IMF) has said the economic situation of Egypt has continued to improve during this year. Full text...

  • Senegal's growth rate commendable but public finances deteriorate - IMF
    04 july 2018 11:34:47
    Dakar, Senegal (PANA) - The Executive Board of the International Monetary Fund (IMF) has completed the sixth review of Senegal’s economic performance under a programme supported by the Policy Support Instrument (PSI). Full text...

  • CAR relies on grant financing due to debt distress risk - IMF
    04 july 2018 10:19:46
    Bangui, Central African Republic (PANA) – Continued reliance on grant financing is essential to support debt sustainability in Central African Republic (CAR), the Executive Board of the International Monetary Fund (IMF) has said while approving a disbursement of US$32.1 million for the country. Full text...

  • Wednesday’s forex rates for the Gambian Dalasi
    04 july 2018 09:43:49
    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...

  • Wednesday's forex rates for the Mauritian Rupee
    04 july 2018 08:45:27
    Port-Louis, Mauritius (PANA) - Following are Wednesday’s foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Africa ready for post-Cotonou agreement on economic partnership with EU by 2020
    03 july 2018 17:19:24
    Kigali, Rwanda (PANA) - African governments have set their agenda to renegotiate the existing Economic Partnership Agreement (EPA) with the European Union (EU) that is set to expire in 2020, a diplomatic source told PANA in Kigali on Tuesday. Full text...

  • SMEs promotion gains traction through FAPA funding
    03 july 2018 13:30:55
    Abidjan, Cote d'Ivoire (PANA) - Leveling the playing field for Small- and Medium-sized Enterprises (SMEs) in Africa is one of FAPA’s (Fund for African Private Sector Assistance) priority goals. Full text...

  • U.S. Trade and Development Agency, AfDB expand procurement partnerships in Africa
    03 july 2018 13:18:19
    Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) has signed a Memorandum of Understanding (MoU) with the U.S. Trade and Development Agency to partner under USTDA’s Global Procurement Initiative; Understanding Best Value. Full text...

  • MCC announces new collaboration with AfDB
    03 july 2018 13:03:34
    Abidjan, Côte d’Ivoire (PANA) - The U.S. Government’s Millennium Challenge Corporation (MCC) Chief Operating Officer, Jonathan Nash, and the African Development Bank (AfDB) Group Senior Vice-President, Charles Boamah, on Monday announced new opportunities for collaboration between the two institutions. Full text...

  • Tuesday's forex rates for Rwandan Franc
    03 july 2018 10:39:36
    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...

  • Tuesday's forex rates for the Mauritanian Ouguiya
    03 july 2018 10:15:26
    Nouakchott, Mauritania (PANA) - Following are Tuesday’s exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Tuesday's forex rates for the Mauritian Rupee
    03 july 2018 08:34:28
    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...

  • Tuesday’s forex rates for the Gambian Dalasi
    03 july 2018 07:00:06
    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...

  • Sub-Saharan Africa regional GDP projected to hit 3.4 per cent - Report
    02 july 2018 12:16:20
    Nairobi, Kenya (PANA) - GDP growth in sub-Saharan Africa (SSA) is projected to come in at 3.4 percent in 2018, up from 2.8 percent in 2017, supported by higher commodity prices, and improved capital markets access, a leading private equity investment company. Full text...

  • Monday's forex rates for the Mauritian Rupee
    02 july 2018 08:25:51
    Port-Louis, Mauritius (PANA) - Following are Monday’s foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Monday’s forex rates for the Gambian Dalasi
    02 july 2018 07:25:52
    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...

  • Côte d’Ivoire sustaining economic transformation, committed to reduce budget deficit
    30 june 2018 09:28:45
    Abidjan, Côte d’Ivoire (PANA) - The International Monetary Fund (IMF) recently completed its annual health check of the Ivorian economy observing that political normalization and good implementation of reforms have contributed to the country’s strong economic performance since 2012. Full text...

  • Saturday’s forex rates for Gambian Dalasi
    30 june 2018 07:29:03
    Banjul, Gambia (PANA) – The following are Saturday’s foreign exchange rates for the Gambian Dalasi as published by Trust Bank Gambia Ltd: Full text...

  • IMF approves US$22.4m immediate disbursement for Benin
    30 june 2018 07:25:06
    Porto-Novo, Benin (PANA) – Benin’s medium-term outlook remains favourable as the country assumes an acceleration of real GDP growth in 2019–22, driven by policy-induced increase in agricultural production and rising private investment, according to the latest assessment by the International Monetary Fund (IMF). Full text...

  • WB extends US$500m loan to Tunisia
    29 june 2018 12:50:21
    Tunis, Tunisia (PANA) - The World Bank on Thursday announced a US$ 500 million loan for Tunisia to strengthen private investment, improve energy security and finance renewable energy sources in the North African country. Full text...

  • Friday's forex rates for Mauritania Ouguiya
    29 june 2018 12:31:51
    Nouakchott, Mauritania (PANA) - Following are Friday’s exchange rates for the Mauritania Ouguiya as issued by the Central Bank of Mauritania. Full text...

  • Friday's exchange rates for Mauritius Rupee
    29 june 2018 11:52:16
    Port Louis, Mauritius (PANA) - Following are Friday’s exchange rates for the Mauritius Rupee as issued by the Commercial Bank of Mauritius. Full text...

  • Friday's forex rates for Rwandan Franc
    29 june 2018 08:47:33
    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
    29 june 2018 07:37:36
    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...

  • ‘Global care crisis’ set to affect 2.3 billion people warns UN labour agency
    28 june 2018 20:42:48
    Geneva, Switzerland (PANA) - A “global care crisis” is looming which could affect 2.3 billion people by 2030, United Nations work experts warned on Thursday, highlighting the potential for greater inequality in a sector where women already perform “more than three-quarters” of all unpaid work. Full text...

  • US business delegation signs US $940 million deals with state firms in Ethiopia
    28 june 2018 17:51:57
    Addis Ababa, Ethiopia (PANA) - A US delegation has signed business deals with several state-owned Ethiopian companies valued at nearly US$1 billion, officials said on Thursday. Full text...

  • Sudan urges Malaysian firm to resume oil production in South Sudan
    28 june 2018 17:39:16
    Khartoum, Sudan (PANA) - Sudan and Malaysia have agreed on the need to resume oil production in all fields in South Sudan, following the permanent ceasefire agreement reached by South Sudanese parties here on Wednesday. Full text...

  • Gambia seeks debt relief from external creditors
    28 june 2018 16:28:55
    Banjul, Gambia (PANA) – The Gambia’s public debt is now unsustainable and, as a result, the authorities here are requesting for debt relief and restructuring from external creditors, according to the International Monetary Fund (IMF). Full text...

  • Ethiopia begins crude oil, natural gas extraction in Ogaden region
    28 june 2018 12:57:22
    Addis Ababa, Ethiopia (PANA) - Ethiopia, a non-oil producing economy in the East African region, has officially extracted its first barrel of crude oil and will begin producing natural gas from its remote Ogaden region. Full text...

  • Thursday's forex rates for Mauritanian Ouguiya
    28 june 2018 12:44:37
    Nouakchott, Mauritania (PANA) - Following are Thursday’s exchange rates for the Mauritanian Ouguiya, as issued by the central bank of Mauritania. Full text...

  • Thursday's forex rates for the Mauritian Rupee
    28 june 2018 08:31:38
    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...

  • Thursday’s forex rates for the Gambian Dalasi
    28 june 2018 06:53:58
    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...

  • Unclaimed assets in Kenya hit $25 million
    27 june 2018 13:35:59
    Nairobi, Kenya (PANA) - Unclaimed assets hit 25 billion Kenyan shillings (about $25 million) in November 2017, according to the Unclaimed Financial Assets Authority (UFAA). Full text...

  • Thursday's forex rates for Rwandan Franc
    27 june 2018 11:28:51
    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...

  • Tunisia's Energy minister presents new vision for energy sector
    27 june 2018 11:24:56
    Tunis, Tunisia (PANA) - The Tunisian minister of Energy, Mines and Renewable Energy Sources, Khaled Kaddour, has in a news conference on Tuesday in Tunis, revealed a strategic vision for the energy sector he described as "global vision". Full text...

  • IMF team attests to Ghana’s positive economic growth
    27 june 2018 08:40:54
    Accra, Ghana (PANA) – While Ghana’s economic growth prospects remain positive, supported by strong oil production, strengthening the resilience of the financial sector would improve medium-term prospects, according to an International Monetary Fund (IMF) team that has just concluded a mission to Accra. Full text...

  • Wednesday's forex rates for the Mauritian Rupee
    27 june 2018 08:30:58
    Port-Louis, Mauritius (PANA) - Following are Wednesday’s foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Wednesday's forex rates for the Mauritanian Ouguiya
    27 june 2018 08:29:17
    Nouakchott, Mauritania (PANA) - Following are Wednesday’s exchange rates for the Ouguiya, as issued by the central bank of Mauritania. Full text...

  • Wednesday’s forex rates for the Gambian Dalasi
    27 june 2018 07:17:54
    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 Ghana cedi
    26 june 2018 11:23:29
    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...

  • IMF approves US$24.3 million disbursement for Guinea
    26 june 2018 10:50:02
    Conakry, Guinea (PANA) – Guinea continues to demonstrate strong economic growth momentum and the medium-term outlook is favourable, said Mr. Mitsuhiro Furusawa, Acting Chair and Deputy Managing Director of the International Monetary Fund (IMF) while announcing approval of a US$24.3 million credit to the West African country. Full text...

  • Tuesday's forex rates for the Mauritanian Ouguiya
    26 june 2018 10:44:17
    Nouakchott, Mauritania (PANA) - Following are Tuesday’s exchange rates for the Ouguiya, as issued by the central bank of Mauritania. Full text...

  • Gabon escapes recession to maintain favourable medium-term outlook
    26 june 2018 10:41:39
    Libreville, Gabon (PANA) – Thanks to robust activity in mineral extraction, agriculture and the timber sectors Gabon’s economy last year avoided a recession, and growth this year appears set to recover up to 2 percent, a more modest bounce back than previously expected, according to findings by an International Monetary Fund (IMF) mission. Full text...

  • Tuesday’s forex rates for the Gambian Dalasi
    26 june 2018 07:22:28
    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...

  • Monday's forex rates for Rwandan Franc
    25 june 2018 13:21:39
    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...

  • Monday's forex rates for the Mauritian Rupee
    25 june 2018 09:09:52
    Port-Louis, Mauritius (PANA) - Following are Monday’s foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Monday’s forex rates for the Gambian Dalasi
    25 june 2018 06:50:50
    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
    23 june 2018 06:48:40
    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...

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