Economy -
  • Algeria's SONATRACH posts $12 billion earnings in 6 months
    29 september 2003 12:27:00
    Algiers- Algeria (PANA) -- Algeria's National Hydrocarbon Transport and Marketing Company (SONATRACH) earned 12 billion dollars during the first six months of 2003, indicates a report presented at a news conference and debate held here Sunday. Full text...

  • Air Austral gets connections to 11 French cities
    29 september 2003 12:17:00
    Saint Denis- Reunion (PANA) -- Reunion's Air Austral will October begin connections to 11 French cities under a partnership signed with the French National Railways Company (SNCF) at the Top Resa international tourism show currently convening in Deauville, France. Full text...

  • Canadian company regrets faulty Zambian banknotes
    29 september 2003 11:57:00
    Lusaka- Zambia (PANA) -- The Canadian company which printed Zambia's new plastic bank notes introduced at the weekend and found to be faulty has apologised for defects on the currency, press reports said Monday. Full text...

  • Anglo American earmarks $150 million to upgrade paper mill
    29 september 2003 11:31:00
    Cape Town- South Africa (PANA) -- South Africa's mining giant Anglo American will proceed with a 150 million dollar conversion and expansion at its Merebank paper mill in KwaZulu-Natal province, the company said Monday at a briefing in Durban attended by Trade and Industry minister Alec Erwin. Full text...

  • Gabon opts for sole fuel storage company
    29 september 2003 11:12:00
    Libreville- Gabon (PANA) -- The Gabonese cabinet has adopted a new master plan to set up a fuel storage company, the Mining, Energy, Oil and Water Resources ministry has said. Full text...

  • Japan elects to bridge Africa and Asia as TICAD III opens
    29 september 2003 08:06:00
    Tokyo- Japan (PANA) -- Japanese Prime Minister Junichiro Koizumi announced a $1-billion aid package for Africa over the next five years, pledging to lay the "bridge between Asia and Africa," as the 3rd Tokyo International Conference on African Development (TICAD III) kicked off here Monday. Full text...

  • Nairobi-based African Institute tackling poverty reduction
    28 september 2003 19:07:00
    Nairobi- Kenya (PANA) -- The Nairobi-based African Institute for Capacity Development (AICAD), has made poverty reduction its main objective, the Director, Josephat Mwatelah said. Full text...

  • Air Mauritius gets new boss
    28 september 2003 18:39:00
    Port-Louis- Mauritius (PANA) -- Megh Pillay, former Director General of the Mauritius Telecom, has been appointed the new head of Air Mauritius, official sources said in Port-Louis. Full text...

  • Japanese envoy commends Gabon on TICAD III
    28 september 2003 18:20:00
    Libreville- Gabon (PANA) -- The Japanese ambassador to Gabon, Sadamu Fujiwara has commended Gabon for sending a strong delegation to the third Tokyo International Conference on African Development (TICAD III), opening Monday in the Japanese capital. Full text...

  • Burundi's tourism in decline
    28 september 2003 17:31:00
    Bujumbura- Burundi (PANA) -- The number of foreign visitors to Burundi has fallen drastically from the pre-1993 figure of 80,000 a year, because of the war in the country, an official has said. Full text...

  • Madagascar, Reunion to boost trade co-operation
    28 september 2003 16:59:00
    Antananarivo- Madagascar (PANA) -- A Reunion delegation has just ended a tour of Madagascar, as part of efforts to boost co-operation between Saint Denis and Antananarivo, especially on trade, an official said. Full text...

  • Muluzi in Japan for African development summit
    28 september 2003 14:59:00
    Blantyre- Malawi (PANA) -- Malawi President Bakili Muluzi has gone to Japan to attend the Third International Conference on African Development Conference (TICAD III) in Tokyo. Full text...

  • Tunisia's achievement impresses IMF official
    28 september 2003 14:05:00
    Tunis- Tunisia (PANA) -- International Monetary Fund (IMF) Deputy Director-General, Augustin Carstens, has expressed satisfaction with Tunisia's human development programme during a press conference held in Tunis, the country's capital. Full text...

  • Algeria for enhanced South-South co-operation
    28 september 2003 11:54:00
    Algiers- Algeria (PANA) -- Algerian Foreign Minister Abdelaziz Belkhadem has reiterated in New York that it is necessary to reform the international financial system in order to have more transparency and wider participation of developing countries in it. Full text...

  • Jobs in jeopardy in Malawi's motor industry
    28 september 2003 11:32:00
    Blantyre- Malawi (PANA) -- The Malawi Government has tripled customs duty on double cabin pick-ups to 125 percent from the current rate of 37. Full text...

  • Kenya govt signs agreement for cheap power
    28 september 2003 10:46:00
    Nairobi- Kenya (PANA) -- The Kenya government is planning to bring cheap electricity to the country following the signing of an inter-governmental power connection agreement early this week. Full text...

  • TICAD organisers decry international bias against Africa
    28 september 2003 10:36:00
    Tokyo- Japan (PANA) -- On the eve of the 3rd Tokyo International Conference on African Development (TICAD III) opening here Monday, a panel of the organisers has warned it was about time Africa realised it would have to count on its own resolve and resources to face the challenges of globalisation. Full text...

  • TICAD specialist chides African leaders for 'dependence syndrome'
    28 september 2003 09:41:00
    Tokyo- Japan (PANA) -- On the eve of the 3rd Tokyo International Conference on African Development (TICAD III) opening here Monday, a respected Japanese expert in the TICAD process has said the "dependence syndrome" among African leaders was, in part, to blame for the continent's frustrations with the international economic order. Full text...

  • Kenya, Uganda to complete oil pipeline link by 2007
    27 september 2003 17:04:00
    Nairobi- Kenya (PANA) -- Kenya and Uganda are due to sign a bilateral agreement in six weeks for the construction of a gas pipeline that will link the two neighbours, Kenyan authorities announced here. Full text...

  • Transactions in Nigerian govt securities upswing
    27 september 2003 16:46:00
    Lagos- Nigeria (PANA) -- Transactions in Nigerian government securities were on the upswing this week as a total of 105. Full text...

  • EU, ECOWAS, CAEMC meet October for partnership talks
    27 september 2003 16:41:00
    Brussels- Belgium (PANA) -- Talks between the European Union and the Central African Economic and Monetary Community (CAEMC), aimed at concluding an Economic Partnership Agreement (EPA), open 4 October in Brazzaville, Congo, official EU sources said here Friday. Full text...

  • Nigerian currency rebounds against US dollar
    27 september 2003 16:12:00
    Lagos- Nigeria (PANA) -- The Nigerian currency, the Naira, appreciated against the US dollar at the official Dutch Auction System (DAS) segment of the foreign exchange trading this week, closing at 128. Full text...

  • NEPAD takes centre stage at TICAD III
    27 september 2003 16:06:00
    Tokyo- Japan (PANA) -- Several African heads of state are due here this weekend for the 3rd Tokyo Conference on African Development (TICAD III) scheduled for 29 September through 1 October with particular focus on the New Partnership for Africa's Development (NEPAD), the organisers indicated Saturday. Full text...

  • African trade ministers to hold trade talks with EU
    27 september 2003 13:16:00
    Nairobi- Kenya (PANA) -- Trade ministers from 16 West and Central African countries meet with the European Union in Brussels, Belgium next week to discuss an Economic Partnership Agreement (EPA) with the European Union. Full text...

  • IMF ends funding disagreements with Malawi
    27 september 2003 12:48:00
    Blantyre- Malawi (PANA) -- The International Monetary Fund (IMF) is to resume loans to Malawi after ending disagreements with authorities in Lilongwe, President Bakili Muluzi has said. Full text...

  • Gabonese leader Omar Bongo leaves for Tokyo TICAD III
    27 september 2003 11:44:00
    Libreville- Gabon (PANA) -- Gabonese President Omar Bongo left Libreville Saturday for Tokyo, Japan to attend the third Tokyo International Conference on African Development (TICAD III) from 27 September to 1 October. Full text...

  • Zambian tour operators hold world tourism day show
    27 september 2003 10:59:00
    Lusaka- Zambia (PANA) -- As Zambia marked world tourism day Saturday, the country's minister of tourism Patrick Kalifungwa conceded that political turmoil, environmental and natural disasters had negatively impacted on the industry this year. Full text...

  • South African Airways wants more flights to India
    27 september 2003 10:12:00
    Cape Town- South Africa (PANA) -- South African Airways (SAA) plans to ask Indian authorities during bilateral talks next month to lift the existing seat restrictions and for frequencies between the two countries to be increased. Full text...

  • Zambian Central Bank issues high value notes
    27 september 2003 10:03:00
    Lusaka- Zambia (PANA) -- Ordinary citizens have condemned the Bank of Zambia's decision to put into circulation two high value denomination notes, which they regard as a potential source of hyper-inflation. Full text...

  • Kenya govt bails out state power supply firm
    26 september 2003 23:48:00
    Nairobi- Kenya (PANA) -- Kenyan authorities have approved a plan to convert into capital a debt of 12. Full text...

  • Mbeki to attend TICAD III
    26 september 2003 23:45:00
    Johannesburg- South Africa (PANA) -- South African President Thabo Mbeki leads the country's delegation to the Tokyo International Conference on Africa's Development (TICAD III) in Tokyo, Japan from 28-29 September, a Foreign ministry statement said Friday. Full text...

  • Bemba laments ruined DR Congo state-owned entities
    26 september 2003 23:33:00
    Kinshasa- DR Congo (PANA) -- Jean-Pierre Bemba, DR Congo's vice president in charge of the economic and financial commission, has said that mismanagement and greed have left public enterprises ruined and totally unproductive. Full text...

  • French oil company seeks strengthened ties with Mauritania
    26 september 2003 22:58:00
    Nouakchott- Mauritania (PANA) -- Mauritania remains "an important country" within the operations of the French oil company TOTAL, its director general Alain Champeaux said here Thursday. Full text...

  • Asian technology-based investment rises in Zimbabwe
    26 september 2003 21:47:00
    Harare- Zimbabwe (PANA) -- Technology-based investment in Zimbabwe from Asian countries is growing, enticed by cheap labour and a huge regional market, trade promotion officials said here Friday. Full text...

  • Morocco grants exploration licence to Spain's Repsol
    26 september 2003 20:25:00
    Rabat- Morocco (PANA) -- Morocco has granted Spanish petroleum company Repsol three licences for offshore oil exploration in the north of the country, sources closes to the Energy and Mines ministry disclosed here Friday. Full text...

  • Mali forecasts 5.4% growth in 2004
    26 september 2003 20:19:00
    Bamako- Mali (PANA) -- At an extraordinary session on Thursday the Malian cabinet adopted the draft budget for fiscal 2004, based on a growth forecast of 5. Full text...

  • Manica's yearly tea production reaches 80 tonnes
    26 september 2003 19:46:00
    Chimoio- Mozambique (PANA) -- Tea production in the district of Mossurize, in the central Mozambican province of Manica, has now risen to about 80 tonnes a year. Full text...

  • Mozambique seeks $680 million from donors
    26 september 2003 18:34:00
    Maputo- Mozambique (PANA) -- Mozambique plans to request US$680 million US dollars from foreign donors to finance its activities in 2004, finance minister Luisa Diogo told reporters here Friday. Full text...

  • Kibaki warns economic saboteurs
    26 september 2003 15:36:00
    Nairobi- Kenya (PANA) -- Kenyan President Mwai Kibaki on Friday issued a strong warning to economic saboteurs and asked security agencies in the country to play a more pro-active role in dealing with them. Full text...

  • Completion of Zambia/Namibia bridge ahead of schedule
    26 september 2003 15:02:00
    Lusaka- Zambia (PANA) -- An 8. Full text...

  • Sudan woos French oil group Total
    26 september 2003 14:26:00
    Paris- France (PANA) -- Sudan's Industry Minister Jalal Youssif Eldeggair has urged French oil group Total to resume oil prospecting and exploitation in the African country. Full text...

  • Air Zimbabwe increases flights to Zambia
    26 september 2003 14:17:00
    Harare- Zimbabwe (PANA) -- Air Zimbabwe said on Friday that it was adding a second weekly flight to Zambia due to rising demand on the route. Full text...

  • West African Bank loans Mali 4.7 billion CFA francs
    26 september 2003 13:41:00
    Bamako- Mali (PANA) -- The Malian cabinet has ratified an agreement by the government for a loan of 4. Full text...

  • Airline, tourism leaders meet in Cape Town
    26 september 2003 11:25:00
    Cape Town- South Africa (PANA) -- More than 300 leaders from the international tourism, aviation and hotel industries have gathered in Cape Town to engage each other on growing business opportunities and addressing the current boom in Cape Town's tourism market. Full text...

  • Bongo urges social harmony for economic growth
    26 september 2003 10:50:00
    Libreville- Gabon (PANA) -- Gabonese President Omar Bongo has called for harmony between employers and trade unions to boost the country's economic development. Full text...

  • Hargeisa Airport closure averted
    26 september 2003 09:26:00
    Nairobi- Kenya (PANA) -- Hargeisa Airport will remain operational for another six months, after urgently needed funds were provided by UNDP and the International Civil Aviation Organization (ICAO) to proceed with emergency patchwork, a statement from UNDP in Nairobi disclosed Friday. Full text...

  • EU finances torture prevention project in Africa
    25 september 2003 21:33:00
    Cotonou- Benin (PANA) -- The European Commission delegation in Benin has revealed here that it will allocate funds to finance a torture prevention project at sub-regional level through education, official sources told PANA Thursday. Full text...

  • Catholic priest sues for people-centred poverty schemes
    25 september 2003 19:41:00
    Lusaka- Zambia (PANA) -- Father Peter Henriot, director at the Jesuit Centre for Theological Reflection in Zambia, has called for poverty reduction programmes that put the people in charge of their destiny. Full text...

  • Mwanawasa confers with British officials in London
    25 september 2003 19:34:00
    Lusaka- Zambia (PANA) -- Zambian President Levy Mwanawasa has held discussions with the British secretary of state for international development, Baroness Valerie Ann Amos, says an official statement issued in Lusaka Thursday. Full text...

  • Mozambique constructs $45 million tobacco factory
    25 september 2003 18:49:00
    Beira- Mozambique (PANA) -- Mozambique has initiated the construction of a US$45 million tobacco processing plant expected to be inaugurated within the next 15 months in the western province of Tete. Full text...

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