Economy -
  • Tunis, Algiers to enter petroleum development contracts
    03 july 2003 18:36:00
    Algiers- Algeria (PANA) -- Algeria and Tunisia plan to sign two petroleum development contracts in July, the Algerian Energy Ministry announced here Wednesday. Full text...

  • IMF, Kenyan officials to discuss new funding scheme
    03 july 2003 18:25:00
    Nairobi- Kenya (PANA) -- International Monetary Fund (IMF) managing director Horst Kohler and Kenyan finance minister David Mwiraria and planning minister Anyang' Nyong'o will next Monday hold talks here on a new funding scheme for the East African nation. Full text...

  • Strike affects trading at Nigerian bourse
    03 july 2003 17:55:00
    Lagos- Nigeria (PANA) -- The nation-wide strike against recent hikes in fuel prices is Thursday began to take its toll on trading at the Nigerian Stock Exchange (NSE), with only 7. Full text...

  • South Africa's confidence index gains strength in June
    03 july 2003 16:57:00
    Cape Town- South Africa (PANA) -- The South African Chamber of Business (SACOB) Confidence Index for June 2003 rebounded by 3. Full text...

  • US grants Kenya $135 million for health, education
    03 july 2003 16:04:00
    Nairobi- Kenya (PANA) -- The US government Thursday granted Kenya $135 million to be channelled towards development projects in health, the free primary education initiative and small-scale enterprises. Full text...

  • Foreign exhibitors arrive for Zambia's trade fair
    03 july 2003 15:56:00
    Ndola- Zambia (PANA) -- Zambian president Levy Mwanawasa travels to the northern city of Ndola on Friday to attend the Zambia International Trade Fair that opened on Thursday. Full text...

  • S. African Airways introduces more flights to London
    03 july 2003 13:21:00
    Cape Town- South Africa (PANA) -- Due to the increasing demand for seats and the increase in tourism to the Western Cape, South African Airways on Thursday announced that it would introduce additional direct flights between London and Cape Town. Full text...

  • Zambia's trade unions reject proposed salary cuts
    02 july 2003 22:32:00
    Lusaka- Zambia (PANA) -- The Zambian government has announced plans to withdraw proposed salary increases and housing allowances recently given to civil servants in a bid to address a budget overrun estimated at 611 billion kwacha (about US$120 million). Full text...

  • Ghana's stock market dips in mid-week trading
    02 july 2003 18:30:00
    Accra- Ghana (PANA) -- Trading on the Ghana Stock Exchange slowed on Wednesday with a mere 29,100 shares changing hands, down from Monday's close of 118,000, as institutional buyers stayed on the sides. Full text...

  • Air Zimbabwe resumes flights to Mauritius
    02 july 2003 17:34:00
    Harare- Zimbabwe (PANA) -- State-owned Air Zimbabwe said on Wednesday that it was resuming flights to Mauritius which it had suspended last month due to fuel shortages. Full text...

  • Zambia's apex bank to introduce high value notes
    02 july 2003 16:52:00
    Lusaka- Zambia (PANA) -- The Bank of Zambia is to introduce new high value notes in the denomination of 20,000 kwacha (four dollars) and 50,000 kwacha (10 dollars) as a way of meeting the public payment demands, the bank's head of public relations, Kabinga Pande, said here on Wednesday. Full text...

  • Interest rates drop in Zimbabwe
    02 july 2003 16:23:00
    Harare- Zimbabwe (PANA) -- Interest rates in Zimbabwe have softened marginally this week on the back of growing liquidity, banks said Wednesday. Full text...

  • Niamey hosts symposium on competitiveness of WAEMU industries
    02 july 2003 08:37:00
    Niamey- Niger (PANA) -- Niger President Mamadou Tandja has opened a symposium here on the management of competencies and competitiveness of companies within the West African economic and monetary union (WAEMU. Full text...

  • EU targets renewable energy, environment in ACP countries
    01 july 2003 22:25:00
    Brussels- Belgium (PANA) -- The European parliament has adopted a report calling for programmes to fight poverty and protect the environment in developing countries, a statement issued here said Monday. Full text...

  • 12% VAT goes into effect Tuesday in Seychelles
    01 july 2003 21:36:00
    Saint-Denis- Reunion (PANA) -- The 12-percent tax on services and products which Seychelles President France-Albert René announced last week took 1 July in the country, official sources affirmed "The introduction of this indirect tax that will apply to all imported goods will increase the cost of several domestic products and services," said a memorandum of the Finance ministry issued here Monday. Full text...

  • South African mining giant poised to buy Zimbabwean mine
    01 july 2003 21:26:00
    Harare- Zimbabwe (PANA) -- South African mining giant, Impala Platinum Holdings, Tuesday announced plans to acquire all shares held by minority shareholders in Zimbabwe's biggest platinum mine, at a cost of 972 million rands. Full text...

  • Cameroonian govt subjects diplomats to VAT
    01 july 2003 21:18:00
    Yaounde- Cameroon (PANA) -- Diplomatic missions and other international organisations accredited in Cameroon have been subjected for the past few months to pay the 17. Full text...

  • Ethiopia, Sudan, Turkey agree to boost cooperation
    01 july 2003 19:43:00
    Addis Ababa- Ethiopia (PANA) -- Sudan and Turkey have agreed to enhance cooperation in various development projects in Ethiopia, state radio reported here Tuesday. Full text...

  • Finance minister says fighting cripples Liberian economy
    01 july 2003 19:19:00
    Monrovia- Liberia (PANA) -- Recent fighting in Monrovia has "severely paralysed" the Liberian economy, reflecting a 65 percent decline in overall revenue generation, finance minister Charles Bright has disclosed here. Full text...

  • Strike by Moroccan lorry drivers causes heavy losses
    01 july 2003 18:40:00
    Rabat- Morocco (PANA) -- A strike by drivers of eight-tonne lorries for the past ten days has caused millions dollars in losses to manufacturers and farmers in Morocco, business sources complained here Tuesday. Full text...

  • Zimbabwe's mining industry in state of decline
    01 july 2003 18:37:00
    Harare- Zimbabwe (PANA) -- A top Zimbabwean mining industry official Tuesday projected the sector would decline by about five percent this year, owing to a myriad of problems, chief among them the lack of foreign currency. Full text...

  • Farm-gate cocoa prices slump 40 percent in Cote d'Ivoire
    01 july 2003 17:36:00
    Abidjan- Cote d'Ivoire (PANA) -- The coffee and cocoa exchange (BCC) said here Monday that it intends to slash the price per kg of cocoa from 625 to 365 francs CFA, a 41. Full text...

  • Nigerian bourse active despite workers' strike
    01 july 2003 17:36:00
    Lagos- Nigeria (PANA) -- Trading continued Tuesday at the Nigerian Stock Exchange (NSE), despite the nationwide workers' strike to protest recent increases in the prices of petroleum products. Full text...

  • Zambia's Chiluba yearns for Supreme Court to take up his plea
    01 july 2003 15:40:00
    Lusaka- Zambia (PANA) -- Former Zambian president Frederick Chiluba was still in limbo Tuesday over his appeal to the Supreme Court requesting reversal of a lower court judgement that he be tried by a magistrate for acts allegedly committed whilst in office. Full text...

  • Financial constraints squeeze Namibia out of COMESA
    01 july 2003 15:18:00
    Lusaka- Zambia (PANA) -- Namibia Tuesday announced its decision to withdraw from the Common Market for Eastern and Southern Africa (COMESA) due to financial constraints, Namibia's high commissioner to Zambia, Frieda Ithepe revealed here. Full text...

  • Central African sugar producers meet in Congo
    01 july 2003 15:05:00
    Brazzaville- Congo (PANA) -- Central African sugar producers are holding their 5th technical seminar on sugar at SARIS-Congo, a sugar production and processing company located in the town of Moutela. Full text...

  • Malabo wants 'peculiarities' taken into account in oil management
    01 july 2003 14:51:00
    Malabo- Equatorial Guinea (PANA) -- Equatorial Guinea has called for consideration of the "peculiarities" of States in the management of oil resources, oil company sources indicated here Monday. Full text...

  • Loggers to invest 5 billion CFAF in southern Congo forests
    01 july 2003 09:50:00
    Brazzaville- Congo (PANA) -- Congo's Tropical Wood Logging Company (CEBT) plans to invest five billion CFA F over five years to exploit timber from Niari and Lekoumou Districts in southern Congo, an official source said here on Tuesday. Full text...

  • Canadian firm gets Kenyan titanium mining lease
    30 june 2003 21:03:00
    Nairobi- Kenya (PANA) -- The approval of a 16-year Titanium mining lease to the Canadian firm -- Tiomin Company -- by the Kenyan government encourages international investors in the country, president Jean Charles of the firm said here Monday. Full text...

  • IMF mission in Sao Tome to analyse tax policy
    30 june 2003 20:29:00
    Sao Tome- Sao Tome and Principe (PANA) -- An IMF delegation is in Sao Tome and Principe on a weeklong mission to discuss the country's tax policy and budget management issues local authorities. Full text...

  • New 10,000 FCFA banknote goes in circulation
    30 june 2003 18:59:00
    Dakar- Senegal (PANA) -- The Dakar-based Central Bank of West African States (BCEAO) Monday put into circulation a new 10,000 FCFA banknote (about 17. Full text...

  • Zambian consumers build resistance to new tax increases
    30 june 2003 18:26:00
    Lusaka- Zambia (PANA) -- The Zambia Consumers Association (ZACA) Monday threatened tough resistance against government's proposed option of increasing taxes in order to eliminate the K611 billion (about $120 million) national budget deficit. Full text...

  • Zimbabwe's construction industry faces collapse
    30 june 2003 18:13:00
    Harare- Zimbabwe (PANA) -- Saddled with high inflation and shortages of key building materials, Zimbabwe's construction sector is facing collapse, an industry official conceded Monday. Full text...

  • US, Norwegian firms to prospect for gas in Mozambique
    29 june 2003 19:18:00
    Maputo- Mozambique (PANA) -- Mozambique has signed an agreement with the United States Wilrusco company and the Norwegian firm DNO ASA under which the two companies have been granted a contract to prospect for and exploit natural gas in the Inhaminga Block, in the central province of Sofala, for the Next seven years. Full text...

  • Ethiopia, Sudan seek aid for transboundary railway
    29 june 2003 12:01:00
    Addis Ababa- Ethiopia (PANA) -- Ethiopia and Sudan will present joint proposals for their ambitious transboundary railway project at a tripartite meeting here Monday with Turkish government experts, who would seek financial and technical assistance to implement it, an official source said Sunday. Full text...

  • Air France steps up weekly fights to Antananarivo
    28 june 2003 16:31:00
    Antananarivo- Madagascar (PANA) -- French carrier Air France has announced four weekly flights between Antananarivo and Paris starting this Sunday. Full text...

  • Equatorial Guinea issues ultimatum to forestry firms
    28 june 2003 15:51:00
    Malabo- Equatorial Guinea (PANA) -- Equato-Guinean authorities have given forestry companies operating in the country a month's deadline for paying up dues they owe the State, official sources indicated Friday. Full text...

  • Tunisia, Libya to create joint oil transporting company
    28 june 2003 15:31:00
    Tunis- Tunisia (PANA) -- Tunisia and Libya have hinted of plans to set up a joint petroleum transporting company in view of the construction of a pipeline that would link the Libyan refinery of Zaouia to the port of Shira, south of Tunisia. Full text...

  • Nigerian Naira stable against US dollar
    28 june 2003 14:44:00
    Lagos- Nigeria (PANA) -- Nigeria's naira currency remained stable against the US dollar at the last session of the Dutch Auction System (DAS) of the foreign exchange allocation on Wednesday, closing at 127. Full text...

  • Transactions in Nigerian govt securities upbeat
    28 june 2003 14:01:00
    Lagos- Nigeria (PANA) -- Transactions in Nigerian government securities continued on its upbeat trend this week as a total of 117. Full text...

  • Kenya's "khat" farmers, traders count their losses
    28 june 2003 13:36:00
    Nairobi- Kenya (PANA) -- The recent move by the authorities in Kenya to ban flights from the country to Somalia and the subsequent outlawing of Somali planes over-flying Kenyan airspace - following fears of possible terrorist attacks - has dealt a decisive blow to the lucrative "khat" trade in Kenya. Full text...

  • Nigerian bourse weekly summary
    28 june 2003 12:07:00
    Lagos- Nigeria (PANA) -- Transactions at the Nigerian Stock Exchange (NSE) have recorded their second consecutive decline in as many weeks, with this week's turnover down to 130. Full text...

  • Mozambique signs agreement on Nacala Corridor
    28 june 2003 11:06:00
    Washington- US (PANA) -- The Mozambican authorities and the US Overseas Private Investment Corporation (OPIC) have signed an agreement in Washington to finance the modernisation of the Nacala Corridor, the rail line from the northern Mozambican port of Nacala to landlocked Malawi. Full text...

  • London cancels 5.3 million dollars of Madagascar's debt
    27 june 2003 23:35:00
    Antananarivo- Madagascar (PANA) -- Britain has cancelled 5. Full text...

  • Cape Verdean bank launches online service
    27 june 2003 23:19:00
    Praia- Cape Verde (PANA) -- The commercial bank of the Atlantic (BCA), the biggest banking institution in Cape Verde, have launched a new service called BCA-Direct. Full text...

  • Air Mauritius posts 20 percent profits
    27 june 2003 22:48:00
    Port-Louis- Mauritius (PANA) -- Mauritian carrier Air Mauritius Friday said it had made a profit of 21. Full text...

  • BOAD approves 760 billion FCFA in loans to West African countries
    27 june 2003 22:27:00
    Cotonou- Benin (PANA) -- The West African Development Bank (BOAD) has at its 49th board meeting in Dakar, Senegal earmarked 759. Full text...

  • BDEAC's 2002 profits exceed 2 billion CFA
    27 june 2003 21:30:00
    Brazzaville- Congo (PANA) -- The Development Bank of Central African States (BDEAC) posted profits of 2. Full text...

  • BOAD grants a 2.4 billion CFA F loan to Senegalese firm
    27 june 2003 21:23:00
    Cotonou- Benin (PANA) -- The West African Development Bank (BOAD) has loaned 2. Full text...

  • Kenyan traders, local authorities sign landmark MOU
    27 june 2003 20:55:00
    Nairobi- Kenya (PANA) -- The Kenyan business community and the country's ministry responsible for local authorities have signed a landmark Memorandum of Understanding (MOU) that seeks to enhance participation in service delivery and financial management by the country's taxpayers. Full text...

parcours parcours [568] [569] [570] [571] [572] [573] parcours parcours


xhtml CSS