Economy -
  • Mauritania lands $10m ADB agric loan
    22 november 2004 14:40:00
    Nouakchott- Mauritania (PANA) -- The African Development Bank (ADB) has given Mauritanian a $10. Full text...

  • Excess crude sales bring Nigeria 641 billion naira
    22 november 2004 14:22:00
    Lagos- Nigeria (PANA) -- Nigeria's extra earnings from the high price of crude oil in the international market has risen to 641. Full text...

  • Marketers slash aviation fuel price in Nigeria
    22 november 2004 13:39:00
    Lagos- Nigeria (PANA) -- Oil Marketers in Nigeria have reduced the price of aviation fuel (JET A1) by about 7 percent, less than a week after the federal government also announced between 8 and 10 percent cut in fuel prices to avert a strike. Full text...

  • African experts discuss better management of FDI flows
    22 november 2004 10:04:00
    Addis Ababa- Ethiopia (PANA) -- Harmonising information and data on foreign direct investment (FDI) in Africa is crucial to increasing FDI flows to and among African countries, a gathering of African experts was told here Monday. Full text...

  • Algeria hosts Northern African energy meeting
    22 november 2004 09:38:00
    Algiers- Algeria (PANA) -- Delegates from 15 countries have gathered for the third North African Power Industry Convention (NAPIC 2004) being held here from 22-24 November to discuss new issues and latest strategies for production, transport and supply of electricity. Full text...

  • UAE's Etisalat to operate second fixed phone company in Sudan
    22 november 2004 09:08:00
    Khartoum- Sudan (PANA) -- Gulf Emirates Telecommunications Corporation (Etisalat) will head the consortium that has won a licence to operate Sudan's second nationwide fixed line phone service. Full text...

  • Prices of goods, services rise in Nigeria
    21 november 2004 18:40:00
    Lagos- Nigeria (PANA) -- Prices of consumer goods and services in Nigeria rose marginally in September 2004 as the Composite Consumer Price Index inched up by 1. Full text...

  • World Bank to release $200 million to Angola
    21 november 2004 17:51:00
    Luanda- Angola (PANA) -- The World Bank will next year release $200 million to Angola in support of the country's transition process, an official source has said here. Full text...

  • Nigeria mops 48 billion naira from financial system
    21 november 2004 11:10:00
    Lagos- Nigeria (PANA) -- The Central Bank of Nigeria (CBN) withdrew a total of 48. Full text...

  • Prices of goods, services rise in Nigeria
    21 november 2004 11:07:00
    Lagos- Nigeria (PANA) -- Prices of consumer goods and services in Nigeria rose marginally in September 2004 as the Composite Consumer Price Index inched up 1. Full text...

  • Cape Verde shows interest in Mozambican sugar
    20 november 2004 18:56:00
    Maputo- Mozambique (PANA) -- Prime Minister Jose Maria das Neves of Cape Verde has expressed his country's interest in importing sugar from Mozambique, media reports said here Saturday. Full text...

  • Vivendi becomes Maroc-Telecom's major shareholder
    20 november 2004 15:04:00
    Rabat- Morocco (PANA) -- Morocco's finance and privatisation minister Fathallah Oualalou has welcomed Vivendi International's plans to purchase another 16 percent shares in the capital of Maroc-Telecom at a cost of about 1. Full text...

  • Tunisia, Kuwait to enhance tourism co-operation
    20 november 2004 09:56:00
    Tunis- Tunisia (PANA) -- Tunisia's minister of tourism Tijani Haddad has affirmed his country's preparedness to step-up co-operation with Kuwait in different fields, including tourism. Full text...

  • Second CEN-SAD trade fair opens in Bamako
    19 november 2004 21:23:00
    Bamako- Mali (PANA) -- About 10 African countries are participating in the second trade fair of the Community of Sahel-Saharan States (CEN-SAD), which opened in Bamako Friday. Full text...

  • Commodity prices sky-rocket in Burundi
    19 november 2004 21:08:00
    Bujumbura- Burundi (PANA) -- Prices of essential consumer items have rapidly gone up in Burundi exerting enormous pressure on low-income households. Full text...

  • UN spotlights Africa's need to develop human resources
    19 november 2004 20:53:00
    Dakar- Senegal (PANA) -- UN secretary general, Kofi Annan on Friday urged African leaders to give major attention to the development of human resources by improving health, education and means of training. Full text...

  • IMF says Zimbabwe wants to re-establish ties
    19 november 2004 20:41:00
    Harare- Zimbabwe (PANA) -- The International Monetary Fund (IMF) said Friday Zimbabwe had expressed interest to re-establish ties with the Fund, suspended four years ago over debt default and the Harare government's decision to abandon IMF economic reform programme. Full text...

  • Huge loss by Ghana Commercial Bank pulls down stock index
    19 november 2004 19:08:00
    Accra- Ghana (PANA) -- A heavy loss by Ghana Commercial Bank (GCB) Friday knocked down the Ghana Stock Exchange (GSE) All-Share Index by 143. Full text...

  • All set for 2004 'Africa Investor Awards'
    19 november 2004 17:54:00
    Dakar- Senegal (PANA) -- More than 150 leading figures in African business Friday convened here ahead of the presentation of the 2004 Investment Awards presented by Africa Investor, a continental business investment magazine, according to the organisers. Full text...

  • Mozambique cuts fuel prices
    19 november 2004 17:27:00
    Maputo- Mozambique (PANA) -- The Mozambican Mineral Resources and Energy Ministry Friday announced cuts of between one and 10 percent in the prices of petroleum products. Full text...

  • Swedish firm acquires major oil interests in Tunisia
    19 november 2004 15:59:00
    Tunis- Tunisia (PANA) -- PA Resources AB, a Swedish oil and gas exploration company, said Friday it had entered into a Sale and Purchase Agreement for the acquisition of SOCO International Plc's interests in the Zarat Permit offshore Tunisia in the Gulf of Gabes. Full text...

  • Tanzania economic reforms yield dividends
    19 november 2004 15:26:00
    Arusha- Tanzania (PANA) -- Financial and economic reforms instituted in Tanzania have cut inflation from an all-time high of 35 percent in the late 1990's to the present 4. Full text...

  • Italian businessmen to visit Mauritania
    19 november 2004 14:31:00
    Nouakchott- Mauritania (PANA) -- Managers of several leading Italian companies will arrive here 21 November on a mission to explore investment possibilities in Mauritania, the Embassy of Italy announced here Friday. Full text...

  • Power generation drops in Nigeria
    19 november 2004 12:54:00
    Lagos- Nigeria (PANA) -- Power generation in Nigeria has dropped from about 4,000 mega watts (MW) to 2,566 mw in recent times, according to officials at the state-run National Electric Power Authority (NEPA). Full text...

  • Ugandan, Kenyan meat firms sign lucrative deal
    19 november 2004 12:39:00
    Kampala- Uganda (PANA) -- Uganda Beef Processors Association (UBPA) and a Kenyan firm have signed a US$65 million deal to promote local beef exports, Uganda Beef Producers Association (UBPA) Executive Officer Stanley Wareba said Friday here. Full text...

  • Congo govt proposes 910 billion FCFA budget for 2005
    19 november 2004 12:01:00
    Brazzaville- Congo (PANA) -- The Congolese government has set the 2005 budget at 910 billion FCFA, up 3 percent from this year's budget, sources at the Economy, Finance and Budget ministry confirmed here Friday. Full text...

  • Gabonese official campaigns for Oyé Mba to head ADB
    18 november 2004 23:02:00
    Nouakchott- Mauritania (PANA) -- Gabon's deputy Prime Minister Paul M'Ba Abessole, who is also the minister of transport and civil aviation, has asked Mauritania to support the candidature of his compatriot, Casimir Oyé Mba to head the African Development Bank (ADB). Full text...

  • Airport in Moroni undergoes major renovation
    18 november 2004 22:34:00
    Moroni- Comoros (PANA) -- The government in Comoros and People's Republic of China Thursday began a two-year renovation work on the Prince Saïd Ibrahim international airport in Moroni, the transport ministry affirmed here. Full text...

  • Air Zimbabwe introduces flights to China
    18 november 2004 21:53:00
    Harare- Zimbabwe (PANA) -- State-owned Air Zimbabwe will begin flights to China at the weekend under its expansion programme, transport and communication minister, Chris Mushohwe said Thursday. Full text...

  • Zimbabwe announces economic development policy
    17 november 2004 21:58:00
    Harare- Zimbabwe (PANA) -- Zimbabwe Wednesday unveiled a medium- term economic development programme to sustain current recovery, and stimulate growth anchored on agriculture and industry. Full text...

  • Mauritania approves 510 million euros budget
    17 november 2004 20:50:00
    Nouakchott- Mauritania (PANA) -- The Mauritanian government has examined and approved a budget of 167. Full text...

  • Ghana bourse slides as poor run continues
    17 november 2004 17:24:00
    Accra- Ghana (PANA) -- The Accra bourse slid Wednesday on a 500- cedi loss by Benso Oil Palm Plantation (BOPP) in weak trading as the poor run of the Ghana Stock Exchange (GSE) continued. Full text...

  • Zambian mine raises production, copper earnings
    17 november 2004 16:42:00
    Lusaka- Zambia (PANA) -- Zambia's Bwana Mkubwa copper mine has raised its production to a record level of 11,330 tonnes in the third quarter ended 30 September, propelling revenues for the parent company (First Quantum Minerals of Canada) to US$31 million, according to the firm's latest financial records. Full text...

  • COMESA finance ministers discuss trade adjustment facility
    17 november 2004 16:16:00
    Lusaka- Zambia (PANA) -- Finance ministers from the Common Market for Eastern and Southern Africa (COMESA) convened here Wednesday to discuss monetary issues, with an adjustment facility to absorb short-term trade losses by member states topping the agenda. Full text...

  • 5 firms short-listed for Kenya, Uganda railway bid
    17 november 2004 15:58:00
    Kampala- Uganda (PANA) -- The privatisation unit of the joint Uganda-Kenya Railway Corporation announced here Wednesday the pre-qualification of five of the nine firms bidding to operate the railway. Full text...

  • AU looking at single monetary currency
    17 november 2004 15:38:00
    Lusaka- Zambia (PANA) -- The African Union's economic commission has begun preparatory work on the creation of a common currency for the continent as a way of fostering trade and business and integrating communities, an official of the union, Maxwell Mkwezalamba, disclosed here Wednesday. Full text...

  • Central Africa to create diamond regulatory body
    17 november 2004 14:31:00
    Brazzaville- Congo (PANA) -- Mines ministers from diamond- producing countries in Central Africa have adopted a project to create a regional body to regulate trade and movement of the gem, state-owned Radio Congo announced here Wednesday. Full text...

  • Pretoria, Moscow slate talks on economic cooperation
    17 november 2004 14:16:00
    Cape Town- South Africa (PANA) -- South African and Russian officials will convene Thursday for the Joint South Africa-Russia Inter-Governmental Committee on Trade and Economic Co-operation (ITEC) meeting at the Presidential Guesthouse in Pretoria. Full text...

  • Lagos bubbles again after Nigerian fuel strike scare
    17 november 2004 12:40:00
    Lagos- Nigeria (PANA) -- Life in Nigeria's economic capital city of Lagos returned to its usual frenetic pace Wednesday, after many residents stayed indoors Tuesday in observance of the fuel strike, even though it was called off Monday night. Full text...

  • Benin launches study on business environment
    17 november 2004 11:14:00
    Cotonou- Benin (PANA) -- The Benin ministry of Industry, Commerce and Employment Promotion (MICPE), the World Bank and the Dutch embassy here launched a study Tuesday on the environment of Benin companies, official sources confirmed Wednesday. Full text...

  • French tourism operators meet in Morocco
    17 november 2004 10:29:00
    Rabat- Morocco (PANA) -- The French Association of Tourism Operators (AFAT) will hold its annual congress in Fes, Morocco next Thursday, tourism officials confirmed here Tuesday. Full text...

  • UK trade mission to visit Ethiopia
    17 november 2004 09:47:00
    Addis Ababa- Ethiopia (PANA) -- A trade mission of 21 British companies is due here on 29 November 2004 for a five-day tour and business discussions with their Ethiopian counterparts, sources confirmed Wednesday in the Ethiopian capital. Full text...

  • Ghana Stock index ends flat
    16 november 2004 23:15:00
    Accra- Ghana (PANA) -- The Accra bourse ended sideways on Tuesday with the main indices remaining unchanged in dull trading. Full text...

  • Chartered accountants in Francophone zone meet
    16 november 2004 22:52:00
    Ouagadougou- Burkina Faso (PANA) -- The International Federation of Francophone Chartered and Certified Accountants has convened its 13th meeting in Ouagadougou to discuss the theme, "Financial transparency, an essential element of sustainable development". Full text...

  • World Business Congress in Africa convenes in Dakar
    16 november 2004 20:23:00
    Dakar- Senegal (PANA) -- The world business congress in Africa organised by the Secretariat of NEPAD in collaboration with some forty private partners and sponsors began here Tuesday with some 300 delegates from throughout the continent participating. Full text...

  • Economic activities resume in the Ivoirian capital
    16 november 2004 19:47:00
    Abidjan- Cote d'Ivoire (PANA) -- Activities had returned to normal Tuesday in Abidjan, the Ivorian business capital. Full text...

  • Burundi to privatise public enterprises
    16 november 2004 19:26:00
    Bujumbura- Burundi (PANA) -- Burundi's new senior minister in charge of Good Governance and State Inspection, Pierre Nkurunziza has made a tour of public enterprises and parastatals during which he stressed that privatisation was the only guarantee to economic profitability. Full text...

  • IMF says Zimbabwe's economy poised for growth
    16 november 2004 18:29:00
    Harare- Zimbabwe (PANA) --Visiting International Monetary Fund (IMF) top Africa official, Abdoulaye Bio-Tchane said here Tuesday Zimbabwe's economy was poised for growth, after years of recession. Full text...

  • Mali to build 19 poultry markets
    16 november 2004 16:21:00
    Bamako- Mali (PANA) -- Mali, through its cattle-breeding and fisheries ministry, has launched a vast programme to build markets and poultry slaughter houses worth one billion CFA francs, official sources told PANA Tuesday. Full text...

  • Algiers to host NEPAD meetings
    16 november 2004 15:58:00
    Dakar- Senegal (PANA) -- A committee of heads of state and government in charge of the implementation of the New Partnership for Africa's Development (NEPAD) will meet on 23 November in Algiers, according to the NEPAD secretariat Tuesday. Full text...

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