Economy -
  • Kenyan workers get pay raise
    01 may 2003 16:26:00
    Nairobi- Kenya (PANA) -- President Mwai Kibaki of Kenya Thursday announced an increase in the statutory minimum wages for junior workers, acknowledging they were the backbone of the economy. Full text...

  • Nigeria, DR Congo envisage power pact
    01 may 2003 16:16:00
    Lagos- Nigeria (PANA) -- Nigeria and DR Congo have signed a memorandum of understanding for the purchase of electricity from the central African nation for re-distribution to West African countries under the West African Power Pool (WAPP) project. Full text...

  • Nigeria, DR Congo envisage power pact
    01 may 2003 16:16:00
    Lagos- Nigeria (PANA) -- Nigeria and DR Congo have signed a memorandum of understanding for the purchase of electricity from the central African nation for re-distribution to West African countries under the West African Power Pool (WAPP) project. Full text...

  • Zimbabwe telecom industry benefits from liberalisation
    01 may 2003 15:42:00
    Harare- Zimbabwe (PANA) -- Zimbabwe's telecommunications industry has enormously benefited from liberalisation and is one of the fastest growing sectors, despite an economic crisis in the southern African country. Full text...

  • Tunisia lures Indian investors
    01 may 2003 15:14:00
    Tunis- Tunisia (PANA) -- Tunisian Industry and Energy minister Moncef Ben Abdallah invited Indian entrepreneurs Wednesday to invest in the country's energy, textiles, pharmaceuticals, IT and tourism sectors. Full text...

  • Zimbabwe telecom industry benefits from liberalisation
    01 may 2003 14:49:00
    Harare- Zimbabwe (PANA) -- Zimbabwe's telecommunications industry has enormously benefited from liberalisation and is one of the fastest growing sectors, despite an economic crisis in the southern African country. Full text...

  • Morocco gets 66 million euros from EU for transport sector
    01 may 2003 10:27:00
    Rabat- Morocco (PANA) -- The European Union (EU) has provided Morocco with an aid package of 66 million euros aimed at financing the structural adjustment programme of the transport sector in the kingdom, the Maghreb Arabe Presse (MAP) news agency has reported. Full text...

  • Diaspora willing to help NICT development in Africa
    30 april 2003 23:33:00
    Paris- France (PANA) -- The African Diaspora is willing to contribute to the development of new information and communication technologies (NICTs) in Africa, Dogad Dogui, chair of Africagora, a group of investors of African origin, said on Wednesday in Paris. Full text...

  • Mauritania, Mali discuss mining co-operation
    30 april 2003 23:00:00
    Nouakchott- Mauritania (PANA) -- Mauritanian Mining and Industry Minister Zeidane Ould H'Meida and his Malian counterpart Hamed Semega, have discussed co-operation in research and management of mining resources between their countries, official sources said in Nouakchott. Full text...

  • Zambia vouches protection of Dutch, Italian investments
    30 april 2003 22:50:00
    Lusaka- Zambia (PANA) -- The Zambian government Wednesday signed separate agreements with the Netherlands and Italy aimed at promoting and protecting investments between the southern African State and the two European countries. Full text...

  • Share volumes swell at Uganda Stock Exchange
    30 april 2003 22:30:00
    Kampala- Uganda (PANA) -- Share volumes have in the past two weeks been upbeat as investors anticipate dividend payments in the next two months at Uganda Securities Exchange (USE). Full text...

  • Internet now accessible, affordable in Kenya
    30 april 2003 21:23:00
    Nairobi- Kenya (PANA) -- Access to the Internet in Kenya is slowly improving, and no longer reserved for the affluent as was the case nine years ago, when the technology first entered the Kenyan market. Full text...

  • Mobile phones evolve from status symbol to essential gadget
    30 april 2003 20:48:00
    Accra- Ghana (PANA) -- When Millicom Ghana Limited introduced mobile phones into Ghana in 1992, it was seen largely as a status symbol for the rich, recording 19,000 subscribers in that year alone. Full text...

  • Internet holds sway in Ghana
    30 april 2003 20:35:00
    Accra- Ghana (PANA) -- Once a week, especially at weekends, Eyram, 19, and Selorm, 13, go to a cybercafe in their Tema neighbourhood to browse at a fee of 8,000 cedis (US$. Full text...

  • Zenitel lands coastal radio communication contract in Algeria
    30 april 2003 20:03:00
    Tunis- Tunisia (PANA) -- Belgian telecom outfit Zenitel has won a 2. Full text...

  • Tunisian GSM market set to increase nine-fold by 2006
    30 april 2003 19:58:00
    Tunis- Tunisia (PANA) -- Bookmakers agree that the current pace of competition could take the Tunisian GSM market to new heights and increase its size nine-fold by 2006. Full text...

  • Industrials reclaim dominance of Nairobi bourse
    30 april 2003 19:20:00
    Nairobi- Kenya (PANA) -- The Nairobi Stock Exchange (NSE) was upbeat Wednesday, recording a turnover of 84 million Kenyan shillings on a volume of 2. Full text...

  • Over 8.4m Internet users expected in South Africa by 2005
    30 april 2003 19:15:00
    Cape Town- South Africa (PANA) -- South Africa is pushing hard to take itself into the 21st century, technologically as well as socially. Full text...

  • Mobile phones take South Africa by storm
    30 april 2003 19:04:00
    Cape Town- South Africa (PANA) -- The mobile phone frenzy has taken South Africa by storm and with the recent entry of a third operator -- Cell C -- into the market, competition is becoming increasingly fierce. Full text...

  • ANC praises South African workers for supporting democracy
    30 april 2003 16:39:00
    Johannesburg- South Africa (PANA) -- The ruling African National Congress (ANC) Wednesday paid tribute to millions of South African workers who fought for democracy in the country. Full text...

  • 17 bureaux to sell travellers' cheques in Nigeria
    30 april 2003 16:03:00
    Lagos- Nigeria (PANA) -- Seventeen operators of foreign exchange bureaux in Nigeria are to sell travellers' cheques under a new scheme introduced by the Central Bank of Nigeria (CBN) to ease the sale of the cheques in the country. Full text...

  • Uganda's inflation highest in six years, says report
    30 april 2003 13:13:00
    Kampala- Uganda (PANA) -- Uganda's economy is undergoing turbulent times, recording its highest inflation rate in six years, a consumer price index (CPI) report issued by the Uganda Bureau of Statistics (UBOS) said Wednesday. Full text...

  • Nigerian banks invest 14.6b Naira in small industries
    30 april 2003 12:44:00
    Lagos- Nigeria (PANA) -- Nigerian banks have pooled together 14. Full text...

  • Swazi King urges Mbeki to attend Smart Partnership summit
    30 april 2003 08:07:00
    Mbabane- Swaziland (PANA) -- King Mswati III of Swaziland has pleaded with South African President, Thabo Mbeki to attend the Smart Partnership summit to be hosted by the monarchy here in August. Full text...

  • IMF, WB reject DR Congo's economic programme
    29 april 2003 23:32:00
    Kinshasa- DR Congo (PANA) -- The International Monetary Fund (IMF) and the World Bank (WB) have failed to endorse the Democratic Republic of Congo's economic programme during a general assembly held at the weekend in Washington, D. Full text...

  • Critics slam the bid for a national carrier in Zambia
    29 april 2003 22:16:00
    Lusaka- Zambia (PANA) -- The Zambian Consumers Association (ZACA) has objected to plans by the government to set up a national airline, insisting there were more pressing priorities to which State resources could be directed. Full text...

  • Douala hosts African workshop on oil, governance
    29 april 2003 22:01:00
    Yaounde- Cameroon (PANA) -- A workshop on macro-economic policies and governance in oil-exporting countries kicked off Tuesday in the Cameroonian coastal city of Douala with participants from nine African countries, sources said. Full text...

  • DR Congo's uranium contributes to nuclear energy
    29 april 2003 21:06:00
    Kinshasa- DR Congo (PANA) -- DR Congo has contributed "significantly" to the expansion of nuclear energy world-wide due to its abundant uranium resources, Congolese National Education Minister Omer Kutumisa Kyotan has said in Kinshasa. Full text...

  • Trading inches up Tuesday at West African stock exchange
    29 april 2003 20:18:00
    Dakar- Senegal (PANA) -- Trading inched up Tuesday at the Abidjan- based West African stock exchange (BVRM) with the All-Share index moving to 68. Full text...

  • Tanzanian minister worried over poor roads
    29 april 2003 19:54:00
    Arusha- Tanzania (PANA) -- Tanzanian Works Minister John Magufuli on Monday expressed concern over "a tattered road network" within the East African Community and appealed for urgent measures to remedy the situation. Full text...

  • Mozambique's sugar industry to increase domestic sales
    29 april 2003 18:43:00
    Maputo- Mozambique (PANA) -- Mozambique's sugar industry plans to sell up to 120,000 tons of sugar on the domestic market this year, following a decline in the smuggling of the product from neighbouring countries, the national news agency (AIM) reported Tuesday. Full text...

  • World Bank, EU to Finance East African Road Network
    29 april 2003 18:15:00
    Nairobi- Kenya (PANA) -- The World Bank and European Union (EU) Tuesday pledged $400 million and 375 million euors respectively towards the East African Community (EAC) partner states' road sector programmes over the next three years. Full text...

  • Nigerian bourse transactions
    29 april 2003 16:46:00
    Lagos- Nigeria (PANA) -- The Nigerian Stock Exchange (NSE) Tuesday traded 219. Full text...

  • Guinea to mine iron ore deposit at Mount Nimba
    29 april 2003 15:32:00
    Conakry- Guinea (PANA) -- Guinea will shortly commence mining its iron ore deposits in Mount Nimba, about 800 km south-west of Conakry, sources at the country's mines ministry said here Monday. Full text...

  • Banks Maintain Lead at Nairobi Bourse
    29 april 2003 14:34:00
    Nairobi- Kenya (PANA) -- Bubbling prices of shares in the financial sector pushed the Nairobi Stock Exchange (NSE) 20-share index up 20. Full text...

  • Zimbabwean entity registers drop in gold output
    29 april 2003 13:38:00
    Harare- Zimbabwe (PANA) -- One of Zimbabwe's biggest gold mining companies said Tuesday output at its mines had dropped to 6,480 ounces in the first quarter of the year, almost half its 2002 output during the same period. Full text...

  • Arab Bank grants $2.4 million loan to Mali
    29 april 2003 13:14:00
    Dakar- Senegal (PANA) -- The Arab Bank for Economic Development in Africa (BADEA) has granted Mali a US$2. Full text...

  • IMF Africa department director commends Cameroon's performance
    29 april 2003 12:52:00
    Yaounde- Cameroon (PANA) -- Cameroon has satisfactorily managed its macroeconomic and governance reforms, according to Abdoulaye Bio-Tchane, who heads the Africa department of the International Monetary Fund (IMF). Full text...

  • Nigerian official says external debt worsens unemployment
    29 april 2003 11:44:00
    Lagos- Nigeria (PANA) -- Director-General Akin Arikawe of Nigeria's Debt Management Office (DMO) has blamed its national external debt burden for the worsening problem of unemployment in Nigeria, the News Agency of Nigeria reported here. Full text...

  • EU pledges support for transport improvement in EAC
    29 april 2003 11:20:00
    Arusha- Tanzania (PANA) -- The European Union is keen on extending financial support for the improvement of the transport sector in East Africa and other parts of the continent, EU head of delegation to Tanzania, William Hanna, has affirmed. Full text...

  • Kibaki turns to agriculture for job creation
    29 april 2003 10:14:00
    Nairobi- Kenya (PANA) -- President Mwai Kibaki said he would turn to agriculture to fulfil the promise of his government to create more job opportunities in Kenya. Full text...

  • Mkapa urges EAC members to speed up road development
    29 april 2003 09:21:00
    Arusha- Tanzania (PANA) -- Tanzanian president Benjamin Mkapa Tuesday challenged fellow East African Community member states to work towards improving the region's road networks in a move to achieve speedy development. Full text...

  • France writes off Niger's debt
    28 april 2003 22:28:00
    Niamey- Niger (PANA) -- France has cancelled Niger's total debt of 110 million Euro (70 billion CFAF), Niger's Economy and Finance Minister Ali Badjo Gamatie told a press briefing in Niamey, the country's capital. Full text...

  • Rwandan carrier makes first international flight
    28 april 2003 22:18:00
    Kigali- Rwanda (PANA) -- New Rwandan air transport company Rwandair Express made its maiden international flight to Johannesburg, South Africa Sunday afternoon, official sources confirmed Monday. Full text...

  • Tunisair cuts loss after sales, cost measures
    28 april 2003 21:47:00
    Tunis- Tunisia (PANA) -- Net loss at Tunisair declined 50 percent in 2002, compared to losses suffered the previous year, in the first downturn the national carrier was experiencing in four decades. Full text...

  • Mauritanians face hardship in Guinea-Bissau's cashew nut sector
    28 april 2003 20:45:00
    Nouakchott- Mauritania (PANA) -- Several Mauritanians living in Guinea-Bissau have been returning home, owing to the host government's decision to no longer let them work in the cashew nuts industry, sources from the concerned families said here. Full text...

  • Canada supports NEPAD with 500 million Canadian dollars
    28 april 2003 20:23:00
    Algiers- Algeria (PANA) -- Canada has released some 500 million Canadian dollars to support the New Partnership for Africa's Development (NEPAD), according to Denis Paradis, visiting Canadian minister in charge of Africa, Latin America and the Francophonie. Full text...

  • Swedish company sells stake in Sudanese oilfield
    28 april 2003 19:12:00
    Khartoum- Sudan (PANA) -- Swedish oil concern Lundin Petroleum AB (S. Full text...

  • EU supports Guinea Conakry road projects
    28 april 2003 18:27:00
    Conakry- Guinea (PANA) -- The European Union (EU) has released more than two million Euro to assist Guinea with some major road projects, State radio reported in Conakry. Full text...

  • Mozambique's anti-corruption Bill scales first hurdle
    28 april 2003 18:10:00
    Maputo- Mozambique (PANA) -- Mozambique's anti-corruption Bill passed the first reading Monday at the national parliament despite an attempt by the former rebel RENAMO party MPs to derail the debate on procedural reasons. Full text...

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