Economy -
  • Accra Bourse Index continues to rise
    16 april 2003 19:17:00
    Accra- Ghana (PANA) -- The Ghana Stock Exchange All-share Index jumped 7. Full text...

  • Tunisian energy sector suffers dip in first-quarter trading
    16 april 2003 18:39:00
    Tunis- Tunisia (PANA) -- Figures released here Wednesday by the National Statistics Institute (INS) indicate that Tunisia's energy trade deficit reached 114. Full text...

  • Transactions low at Nigerian Stock Exchange
    16 april 2003 18:18:00
    Lagos- Nigeria (PANA) -- The Nigerian Stock Exchange (NSE) Wednesday traded 10. Full text...

  • Mauritania signs transport co-operation accord with Mali
    16 april 2003 17:55:00
    Nouakchott- Mauritania (PANA) -- Mauritania's equipment and transport minister Diabira Bakary and the Malian deputy minister of transport Ousmane Amiou Guindo have signed a co-operation accord in surface transportation, official sources said here Wednesday. Full text...

  • Zambia turns to Iran for crude oil supplies
    16 april 2003 17:24:00
    Lusaka- Zambia (PANA) -- Zambia and Iran have restored diplomatic ties a decade after former President Frederick Chiluba's government closed the embassies of Iran and Iraq amid claims that they were encouraging Islamic fundamentalism in the country. Full text...

  • Poor export prices worry buoyant Uganda tea industry
    16 april 2003 16:14:00
    Kampala- Uganda (PANA) -- Tea production in Uganda has topped 33. Full text...

  • Visitors flock Swaziland for Easter holidays
    16 april 2003 13:27:00
    Ezulwini- Swaziland (PANA) -- Swazi police have announced tough security measures to ensure the safety of thousands of tourists and the citizenry throughout the tiny landlocked kingdom during the Easter holidays, beginning Thursday. Full text...

  • African Reinsurance Corp adds Nairobi to regional offices
    16 april 2003 12:03:00
    Nairobi- Kenya (PANA) -- The African Reinsurance Corporation has added Nairobi to its regional offices already operating in Casablanca, Morocco, and Abidjan, Cote d'Ivoire and serving 270 insurance companies in 38 countries on the continent. Full text...

  • Counterfeit Goods Rob Kenya of $500 Million Annually
    16 april 2003 11:28:00
    Nairobi- Kenya (PANA) -- Kenya loses 40 billion shillings (about US $500 million) annually in revenue through import of counterfeit goods and its impact on the local manufacturing industry, Trade and Industry minister Mukhisa Kituyi said Tuesday. Full text...

  • Inflation soars to 228 percent in Zimbabwe
    16 april 2003 09:51:00
    Harare- Zimbabwe (PANA) -- Zimbabwe's year-on-year inflation rose 7. Full text...

  • Ivorian crisis hits hospitality industry
    15 april 2003 23:04:00
    Abidjan- Cote d'Ivoire (PANA) -- The chairman of Cote d'Ivoire's National Federation of the Hotel Industry (FNIH-CI), Vincent Aboya, on Tuesday in Abidjan expressed concern about the difficulties facing the hospitality industry since the 19 September Ivorian crisis. Full text...

  • AU Labour Ministers end meeting
    15 april 2003 21:28:00
    Port-Louis- Mauritius (PANA) -- Mauritian Foreign Minister Anil Gayan warned Tuesday that Africa could be ignored in the face of international attention now focused on rebuilding Afghanistan and Iraq. Full text...

  • Uganda Stock Exchange records dismal performance in first quarter
    15 april 2003 21:23:00
    Kampala- Uganda (PANA) -- Turnover and traded shares at the Uganda Securities Exchange (USE) respectively plunged by more than 70 and 90 percent during the first quarter of this year due, with a USE quarterly report blaming the nose-dive on to an inflationary rise in the country. Full text...

  • Reunion business delegation visits Mauritius
    15 april 2003 20:18:00
    Port Louis- Mauritius (PANA) -- A delegation from the Reunion Industrial Development Association (ADIR) held talks here Tuesday with officials of the Mauritius Chamber of Commerce (CCI) on ways to enhance cooperation between the two bodies. Full text...

  • Zimbabwe trebles fuel price
    15 april 2003 19:58:00
    Harare- Zimbabwe (PANA) -- Zimbabwe Tuesday trebled the price of petrol, and almost doubled that of diesel, citing rising prices of the commodities on the international market due to war in Iraq. Full text...

  • Libya, Niger to enhance customs co-operation
    15 april 2003 19:57:00
    Tripoli- Libya (PANA) -- The Libyan-Niger technical commission session has wound up its session with a co-operation accord between Libya and Niger in the field of customs. Full text...

  • Benin journalists drill in economic reporting
    15 april 2003 19:39:00
    Cotonou- Benin (PANA) -- Some 30 journalists in Benin are currently taking drills in economic reporting at the West African Media Centre here. Full text...

  • Trading stays stable Tuesday at Abidjan bourse
    15 april 2003 18:43:00
    Dakar- Senegal (PANA) -- Trading at the Abidjan-based West African sub regional stock exchange (BRVM) remained stable Tuesday with the All-Share index closing at 68. Full text...

  • Mozambique to boost sugar export
    15 april 2003 18:37:00
    Xinavane- Mozambique (PANA) -- Mozambique's National Sugar Institute (INA) is working to standardise the packaging of the country's sugar so as to boost sales and fight illegal sugar imports from neighbouring countries, an official said. Full text...

  • Kenya shortlists 5 firms for mobile phone services
    15 april 2003 16:38:00
    Nairobi- Kenya (PANA) -- Kenyan authorities Tuesday Short-listed five foreign and local firms to bid for the country's third mobile telephone service provider. Full text...

  • Nigerian bourse bullish
    15 april 2003 16:35:00
    Lagos- Nigeria (PANA) -- Transactions rose at the Nigerian Stock Exchange (NSE) Tuesday, with 17. Full text...

  • World Bank official due in Dakar
    15 april 2003 16:22:00
    Dakar- Senegal (PANA) -- World Bank vice president for sub-Saharan Africa, Collisto Madavo, is due in Dakar 21 April on a four-day business visit to Senegal, official sources said Tuesday. Full text...

  • Zimbabwean banks double assets in 2002
    15 april 2003 14:12:00
    Harare- Zimbabwe (PANA) -- Amid prevailing economic crisis, banks in Zimbabwe more than doubled their assets to 810 billion Zimbabwean dollars (824ZWD = 1USD) last year from 304 billion in 2001, the central bank said Tuesday. Full text...

  • Sugar company buoys trading at Nairobi bourse
    15 april 2003 13:35:00
    Nairobi- Kenya (PANA) -- Turnover at the Nairobi Stock Exchange (NSE) climbed higher Tuesday to 42. Full text...

  • Anglo American sells Zimbabwe nickel business
    15 april 2003 10:48:00
    Harare- Zimbabwe (PANA) -- South African mining group Anglo American Corporation has sold its controlling 52. Full text...

  • Senegal permits transhumance from Mauritania
    15 april 2003 10:27:00
    Nouakchott- Mauritania (PANA) -- Mauritania's minister of interior, posts and telecommunications, Mahmoudh ould Cheikh Ahmed, said neighbouring Senegal has agreed to permit transhumance from Mauritania. Full text...

  • Goumba promises to pay salaries on time
    14 april 2003 21:19:00
    Bangui- Central African Republic (PANA) -- The new government in Bangui has undertaken to pay civil servants henceforth in time, according to deputy Finance minister Daniel Nditiféï Boyssembe. Full text...

  • AU Labour Ministers meet in Mauritius
    14 april 2003 21:14:00
    Port-Louis- Mauritius (PANA) -- Mauritian Premier Sir Anerood Jugnauth Monday commended what he called a new dynamism emerging out of Africa to replace the pessimism of the past. Full text...

  • Rich nations hurting poor countries under WTO, says Annan
    14 april 2003 20:01:00
    New York- US (PANA) -- UN Secretary General Kofi Annan, said Monday that developing countries would remain poor unless rich nations reduced the protection and discriminatory agricultural policies under the new world trade order. Full text...

  • Accra bourse Index begins week low
    14 april 2003 19:50:00
    Accra- Ghana (PANA) -- The Ghana Stock Exchange All-share Index barely moved Monday on a quiet day that saw only two equities recording price changes. Full text...

  • NSE daily equities transactions
    14 april 2003 17:18:00
    Lagos- Nigeria (PANA) -- The Nigerian Stock Exchange (NSE) Monday traded 18. Full text...

  • Company gets $5.3m loan to boost coal mining in Zimbabwe
    14 april 2003 11:20:00
    Harare- Zimbabwe (PANA) -- Wankie Colliery Company announced on Monday that it has secured a $5. Full text...

  • Zambia plans building rail link with Malawi
    14 april 2003 11:07:00
    Katete- Zambia (PANA) -- Zambia is to build a railway that will connect the eastern town of Chipata to Muchinji in Malawi, according to President Levy Mwanawasa. Full text...

  • Tunisia, Burkina Faso agree to strengthen co-operation
    13 april 2003 17:22:00
    Tunis- Tunisia (PANA) -- Tunisia and Burkina Faso have agreed to strengthen their co-operation, especially in infrastructure, housing and national planning, officials said in Tunis at the weekend. Full text...

  • Donors approve funding for Togo-Benin power interconnection plan
    13 april 2003 17:10:00
    Cotonou- Benin (PANA) -- Afters talks in Cotonou, international donors have approved funding for the multi-million-dollar electricity interconnection project linking northern Benin with northern Togo, official sources said in the Benin capital. Full text...

  • Tunisia signs tourism accords with Mali, Sudan
    13 april 2003 14:11:00
    Djerba- Tunisia (PANA) -- Tunisia, Mali and Sudan have signed a co-operation accords in the sector of tourism and crafts. Full text...

  • Central African ministers to create energy pool
    13 april 2003 09:26:00
    Brazzaville- Congo (PANA) -- The Energy ministers of the Economic Community of Central African States (CEEAC) agreed on Saturday to create an energy pool in Central Africa (PEAC) to secure electricity supplies to the 11 member states of CEEAC. Full text...

  • Indian Film Academy awards come to South Africa
    13 april 2003 09:17:00
    Cape Town- South Africa (PANA) -- The chief executive officer of South African Tourism, Cheryl Carolus, has expressed her pleasure at Friday's announcement in Mumbai by Wizcraft International Entertainment that the International Indian Film Academy (IIFA) awards' weekend is to be held for the second time in South Africa on 17 May. Full text...

  • South Africa earmarks food aid for famished neighbours
    12 april 2003 18:18:00
    Johannesburg- South Africa (PANA) -- South Africa has announced a multimillion rand aid package for its drought-stricken neighbours Lesotho, Malawi, Mozambique, Swaziland and Zimbabwe. Full text...

  • EAC road ministers due to meet donors in Arusha
    12 april 2003 16:28:00
    Nairobi- Kenya (PANA) -- Ministers for Roads, Transport and Communication from the East African Community comprising Kenya, Uganda and Tanzania will soon consult development partners at a meeting in Arusha for assistance toward construction, EAC spokesperson Magaga Alot said. Full text...

  • European donors fund Conakry port expansion
    12 april 2003 16:16:00
    Conakry- Guinea (PANA) -- The Guinean government and European donors have signed a 40 million euro funding agreement to implement the third project of the Conakry Port Authority (PAC) expansion, state-owned radio reported Saturday. Full text...

  • Gambia's opposition upholds crude oil scam claim
    12 april 2003 15:37:00
    Banjul- Gambia (PANA) -- Ousainou Darboe, Secretary General of Gambia's main opposition United Democratic Party (UDP), has maintained that President Yaya Jammeh's government was "secretly" involved in a crude oil deal with the Nigerian government. Full text...

  • Japan gives Guinea 350 million yen to purchase rice
    12 april 2003 14:09:00
    Conakry- Guinea (PANA) -- Japan has granted 350 million yen (over US$2 million) to Guinea to purchase rice to cover the country's production deficit, the state radio reported Saturday. Full text...

  • World Bank, IMF want transparent oil trade in Sao Tome
    11 april 2003 23:23:00
    Sao Tome- Sao Tome and Principe (PANA) -- The World Bank and the International Monetary Fund (IMF) have advised Sao Tome to manage its oil income with "openness" and avoid investing in unproductive sectors, an official of a joint mission by the two institutions said Friday. Full text...

  • America reschedules DR Congo's debt
    11 april 2003 22:37:00
    Kinshasa- DR Congo (PANA) -- The Democratic Republic of Congo and the US government have signed an agreement for the rescheduling of the African country's debt, following an agreement at the Paris Club. Full text...

  • Togo, Benin hold talks on electricity project
    11 april 2003 22:14:00
    Cotonou- Benin (PANA) -- Talks on identifying funding for an electricity interconnection project between Benin and Togo kicked off Friday in the Beninese capital, Cotonou. Full text...

  • Mauritania plans rationing to cut costs for power, water
    11 april 2003 21:32:00
    Nouakchott- Mauritania (PANA) -- The government in Mauritania announced plans Friday to cut expenditures for energy by "drastically reducing water and electricity consumption" in public buildings. Full text...

  • South African group to mine platinum in Zimbabwe
    11 april 2003 19:28:00
    Harare- Zimbabwe (PANA) -- South African mining group, Anglo American Corporation said Friday it would invest $90 million in a platinum project in Zimbabwe. Full text...

  • China's Alcatel increases credit facility to Ghana Telecom
    11 april 2003 19:23:00
    Accra- Ghana (PANA) -- The management of China's Alcatel Shangai Bell Company Friday pledged to increase its original 60 million-US-dollar loan to 100 million to enable the Ghana Telecom to expand its GSM mobile Network and Fibre Optic Transmission. Full text...

  • Mozambique reduces energy supplies to S. Africa, Zimbabwe
    11 april 2003 17:22:00
    Maputo- Mozambique (PANA) -- Electricity supplies from the Cahora Bassa dam in the western Mozambican province of Tete has been reduced to the dam's two main customers -- South Africa and Zimbabwe -- due to technical reasons. Full text...

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