Economy -
  • EU pushes for flexibility in next WTO negotiations
    07 december 2003 17:28:00
    Brussels- Belgium (PANA) -- European Union (EU) foreign ministers will meet here Monday to set a common stance ahead of the general council of the World Trade Organisation (WTO) billed for 15-16 December in Geneva to revive the Doha development agenda following September's collapse of the Cancun (Mexico) talks. Full text...

  • Barclays to link Indian Ocean with Africa, Asia
    06 december 2003 18:11:00
    Port Louis- Mauritius (PANA) -- The Mauritius Barclays Bank said it would set up an Indian Ocean network to link mainland Africa, the Middle East and Asia, as one way of boosting trade in the region, sources close to the bank have said here. Full text...

  • Transactions in Nigerian govt securities up
    06 december 2003 15:30:00
    Lagos- Nigeria (PANA) -- Transactions in Nigerian government securities were on the upswing this week as a total of 65. Full text...

  • Tumbling Nigerian currency rallies against US dollar
    06 december 2003 14:54:00
    Lagos- Nigeria (PANA) -- The Nigerian currency, the naira, rallied against the US dollar this week at the Dutch Auction System (DAS) segment of the foreign exchange market after several weeks of steady decline against the American currency. Full text...

  • ADB loans Tunisia $87.32 million to modernise railway
    05 december 2003 21:19:00
    Tunis- Tunisia (PANA) -- The Board of Directors of the African Development Bank Friday announced a loan worth $87. Full text...

  • Mauritian textile firm invests in Mali
    05 december 2003 21:05:00
    Port-Louis- Mauritius (PANA) -- Mauritian textile group, CIEL Ltée has invested 15% in a Malian cotton-spinning project expected to begin activities early next year, industrialists said Friday. Full text...

  • Rwandan parliament doubles budget for 2004
    05 december 2003 19:06:00
    Kigali- Rwanda (PANA) -- Rwandan legislators on Thursday night adopted the 2004 draft budget of US$ 590 million, which is more than twice the 271 million dollars (over 152 billion FRW) voted the previous year. Full text...

  • Forum challenges claims of economic upturn in Uganda
    05 december 2003 18:02:00
    Nairobi- Kenya (PANA) -- Scholars attending the African Economic Research Consortium (AERC) conference here have dismissed claims extolling the Ugandan economy as a role-model on poverty reduction in Africa. Full text...

  • EU gives 42.2 million euros for projects in Tunisia
    05 december 2003 17:27:00
    Brussels- Belgium (PANA) -- The European Union (EU) has released 42. Full text...

  • Africa, US business, political leaders for CCA summit
    05 december 2003 16:36:00
    Washington- US (PANA) -- More than 500 government and business leaders from the US and nearly 40 African nations meet here next week to review the growing trade relationship between the two parties. Full text...

  • World Bank, IMF in fresh bid to revive WTO talks
    05 december 2003 13:34:00
    Nairobi- Kenya (PANA) -- In a fresh bid to re-start the stalled World Trade Organisation (WTO) talks, the International Monetary Fund (IMF) and World Bank have written global leaders asking them to "overcome the obstacles encountered in Cancun, Mexico and get back to the negotiating tables". Full text...

  • Opposition requests govt to scrap exchange controls
    05 december 2003 13:04:00
    Johannesburg- South Africa (PANA) -- Opposition leader Tony Leon of the Democratic Alliance (DA) has called on government to drop monetary exchange controls, arguing that the exchange rate would not reflect the true market price of the rand as long as controls were in place. Full text...

  • Kenya to buy two vessels for domestic transport
    05 december 2003 07:39:00
    Nairobi- Kenya (PANA) -- State-owned Kenya Ferry Services (KFS) has set aside some 300 million shillings to purchase two vessels for use at the Likoni and Mtongwe Channels connecting the country's port city of Mombasa with the South Coast and Tanzania, Transport and Communications Minister John Michuki said. Full text...

  • Niger eligible for AGOA
    04 december 2003 21:32:00
    Niamey- Niger (PANA) -- The minister of Trade and the Promotion of the Private Sector, Zakaria Mamadou on Thursday announced at a colloquium organised as part of the 4th African Fashion international Festival (FIMA) that Niger will be eligible for the African Growth and Opportunity Act (AGOA). Full text...

  • Britain, DR Congo to discuss renewed cooperation
    04 december 2003 20:11:00
    Kinshasa- DR Congo (PANA) -- British Secretary of State in charge of International Cooperation, Hillary Benn is expected in here next Monday for two-day working, the British embassy in DR Congo announced in a statement. Full text...

  • Obasanjo fires Labour Minister over corruption
    04 december 2003 17:41:00
    Abuja- Nigeria (PANA) -- Nigerian President Olusegun Obasanjo Thursday dismissed Labour Minister Husaini Akwanga over allegations that he received bribe on a 214-million-dollar National Identity card scheme, signalling a new resolve in the government's determination to stamp out corruption in the country. Full text...

  • Benin power outfit issues bond loans to BRVM
    04 december 2003 17:13:00
    Lome- Togo (PANA) -- The Benin Electricity Community (CEB) has issued bond loans of 16 billion FCFA to the Abidjan-based West African Regional Bourse (BRVM), the Togolese press reported. Full text...

  • Pretoria, Malabo sign first cooperation accord
    04 december 2003 16:50:00
    Malabo- Equatorial Guinea (PANA) -- Equatorial Guinea and South Africa have signed a bilateral cooperation agreement in various sectors as part of the New Partnership for Africa's Development (NEPAD), official sources announced here Thursday. Full text...

  • Mali gets 30 billion FCFA German grant
    04 december 2003 16:46:00
    Bamako- Mali (PANA) -- Malian Foreign Minister Lassana Traore and German ambassador Igmar Brentle have signed agreements for grants totalling 30 billion francs CFA (55 million US dollars) to prop the country's efforts at alleviating poverty, an official source told PANA. Full text...

  • Niger consults on reviving livestock farming
    04 december 2003 15:34:00
    Niamey- Niger (PANA) -- Niger's animal resource minister Korone Maoude Thursday urged livestock farming professionals to revamp the sector towards making it an economic powerhouse in rural areas across the country. Full text...

  • Strong rand boosts business confidence in South Africa
    04 december 2003 15:12:00
    Johannesburg- South Africa (PANA) -- Business confidence in South Africa has increased following an appreciation of the rand, and a substantial drop in inflation which in turn led to an appreciable easing of monetary policy since June, the South African Chamber of Business (SACOB) disclosed Thursday. Full text...

  • Museveni blames bad leadership for Africa's poor development
    04 december 2003 09:33:00
    Kampala- Uganda (PANA) -- Ugandan President Yoweri Museveni says bad leadership which failed to recognise the crucial role of the private sector in national economic development is to blame for Africa's slow industrial transformation from subsistence agriculture. Full text...

  • South Africa, US launch Container Security Initiative
    04 december 2003 07:39:00
    Cape Town- South Africa (PANA) -- South Africa and the US have launched a Container Security Initiative (CSI) at the South African Port of Durban, as a reciprocal arrangement to promote two-way co-operation between their customs administrations and boost future export opportunities. Full text...

  • Mozambican govt signs contract with Vodacom
    03 december 2003 21:11:00
    Maputo- Mozambique (PANA) -- Mozambican authorities Wednesday signed a contract with the second mobile phone operator in the country, Vodacom Mocambique (VM) to formalise the company's promise to make direct foreign investment of US$567 million in the next decade. Full text...

  • Air Tanzania resumes flights to Zimbabwe
    03 december 2003 20:30:00
    Harare- Zimbabwe (PANA) -- Air Tanzania Wednesday resumed flights to Harare, the Zimbabwean capital, after a two-year break. Full text...

  • Accra bourse continues impressive run
    03 december 2003 19:39:00
    Accra- Ghana (PANA) -- The Ghana Stock Exchange (GSE) Wednesday continued its impressive run with the GSE All-Share Index rising by 24. Full text...

  • Experts propose $18.5m emergency programme for Bissau
    03 december 2003 19:23:00
    Bissau- Guinea-Bissau (PANA) -- A joint IMF, World Bank and the African Development Bank (ADB) mission has proposed an emergency programme worth 10 billion FCFA (about $18. Full text...

  • EU restores partial ties with Bangui
    03 december 2003 16:53:00
    Brussels- Belgium (PANA) -- The European Union (EU) has closed consultations opened in June with the Central African Republic and partially restored cooperation with the country, the EU said in a release here. Full text...

  • SA banking giant declines more stakes in Zimbabwe bank
    03 december 2003 14:54:00
    Harare- Zimbabwe (PANA) -- A South African bank Wednesday said it has declined to increase its shareholding in a Zimbabwean bank, citing the country's troubled economy. Full text...

  • Zimbabwe secures Chinese funding for power generation
    03 december 2003 14:14:00
    Harare- Zimbabwe (PANA) -- China has agreed to loan Zimbabwe US$110 million to fund rural electrification, President Robert Mugabe disclosed here Wednesday. Full text...

  • Nigeria threatens to quit OPEC
    03 december 2003 13:42:00
    Abuja- Nigeria (PANA) -- Nigeria has threatened to pull out of the Organisation of Petroleum Exporting Countries (OPEC) if its request for increased crude oil production was rejected by the oil cartel, press reports said Wednesday. Full text...

  • Comoros scraps taxes on computer equipment
    03 december 2003 13:03:00
    Moroni- Comoros (PANA) -- Computers and their accessories are to be exempted from customs duties in Comoros with a view to encouraging wider use of new information and communication technologies (NICTs) in the country, President Assoumani Azali said here Wednesday at the launch of a national NICT week. Full text...

  • Quebecker delegation surveys Benin's market
    03 december 2003 12:09:00
    Cotonou- Benin (PANA) -- A delegation of businessmen and officials from Quebec is currently in Benin assessing investment potentials in the West African state, sources said here. Full text...

  • President Toumani Toure of Mali takes a swipe at NEPAD
    03 december 2003 11:30:00
    Grande Baie- Mauritius (PANA) -- In the strongest attack yet on the blueprint from an African leader, President Amadou Toumani Toure of Mali has expressed strong reservations about the speed and manner in which programmes in the New Partnership for Africa's Development (NEPAD) were being implemented. Full text...

  • IMF delegation back in Gabon
    03 december 2003 11:26:00
    Libreville- Gabon (PANA) -- Another delegation of the International Monetary Fund (IMF) has arrived here for continued talks with Gabonese authorities on reaching an accord with the Bretton Woods institution, an official source said Wednesday. Full text...

  • DR Congo's transition programme on track - UNDP official
    03 december 2003 11:24:00
    Kinshasa- DR Congo (PANA) -- The DR Congo's macro-economic results recorded at the end of the first months of the transition have been positive and encouraging, the deputy administrator of the UN Development Programme (UNDP), Zephirin Diabre, has said. Full text...

  • Kuwaiti operator gets third GSM licence in Algeria
    03 december 2003 10:21:00
    Algiers- Algeria (PANA) -- The third GSM mobile telephone licence in Algeria was granted to Kuwaiti operator Wataniya Telecom Tuesday evening at the head office of the Posts and Telecommunications Regulatory Authority (ARPT) in Algiers. Full text...

  • Sudan's oil production set to increase in 2004
    03 december 2003 07:48:00
    Khartoum- Sudan (PANA) -- Sudan is set to raise oil production in the coming weeks, as Block 6 in Western Kordofan operated by Chinese company CNPC comes on-stream at 60,000 barrels a day (b/d), eventually rising to 180,000 b/d, according to a report by the National Centre for Research and Studies. Full text...

  • British trade minister expected in Morocco
    02 december 2003 22:11:00
    Rabat- Morocco (PANA) -- British trade minister Mike O'Brien begins a two-day visit to Morocco Wednesday aimed at "stimulating political and economic partnership" between the two countries, says a news release issued by the British embassy here Tuesday. Full text...

  • IFC loans Kenyan firm US$26 million
    02 december 2003 18:45:00
    Nairobi- Kenya (PANA) -- The International Finance Corporation (IFC), an affiliate of the World Bank Group, has injected some 26 million dollars into Africa's leading Kenya-registered glass manufacturer, Magadi Soda Company. Full text...

  • Most economically active Mozambican women are peasant farmers
    02 december 2003 18:23:00
    Nammacha- Mozambique (PANA) -- About 91 percent of economically active women in Mozambique are peasant farmers, according to Deputy Agriculture Minister Joao Carrilho. Full text...

  • Mozambican aeronautics company declares bankruptcy
    02 december 2003 17:20:00
    Maputo- Mozambique (PANA) -- The Mozambican Aeronautics Company, IAM, dealing in the repair and maintenance of planes, has been declared bankrupt, due to lack of patronage, national news agency, AIM reported Tuesday. Full text...

  • COMESA trade ministers convene in Lusaka
    02 december 2003 17:12:00
    Lusaka- Zambia (PANA) -- Trade-related Council of Ministers from Common Market for Eastern and Southern Africa (COMESA) member states Tuesday began a two-day meeting here on regional integration, highlighting the creation of a customs union in 2004. Full text...

  • Zambia lands US$120 million grants from Sweden, Norway
    02 december 2003 17:05:00
    Lusaka- Zambia (PANA) -- Zambia Tuesday signed a two-year development co-operation grant agreement for over 60. Full text...

  • Cameroon eyes 108 billion FCFA budget increase
    02 december 2003 16:43:00
    Yaoundé- Cameroon (PANA) -- Cameroon's national budget for 2004 is expected to increase by 108 billion FCFA, according to a draft document submitted to Parliament. Full text...

  • Prices of goods, services rise in Nigeria
    02 december 2003 16:32:00
    Lagos- Nigeria (PANA) -- Prices of consumer goods and services in Nigeria rose in September 2003 as the country's Composite Consumer Price Index (CPI) increased by 4. Full text...

  • Malawi's economic growth shoots upwards
    02 december 2003 15:25:00
    Blantyre- Malawi (PANA) -- The Malawi government has revised the 2003 economic growth target from 3. Full text...

  • Chinese market for African agricultural exports
    02 december 2003 14:37:00
    Nairobi- Kenya (PANA) -- China has pledged to play by the rules of the World Trade Organisation (WTO) by opening up its markets to African agricultural imports and help create new business empires around the continent. Full text...

  • SAA adds Cathay Pacific as voyager partner
    02 december 2003 13:52:00
    Cape Town- South Africa (PANA) -- South African Airways' (SAA) Asian partner, Cathay Pacific, Tuesday joined the airline's list of voyager partners, giving travellers easier access to Cape Town. Full text...

  • Benin sets up national commission on AGOA
    02 december 2003 12:39:00
    Cotonou- Benin (PANA) -- The government of Benin has set up a national commission to advise on ways to take full advantage of the preferential trade regime offered by America under the African Growth and Opportunity Act (AGOA), officials confirmed here Monday. Full text...

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


xhtml CSS