Economy -
  • Luanda joins World Energy Cities partnership
    22 june 2004 23:51:00
    Luanda- Angola (PANA) -- The Angolan capital, Luanda will join the World Energy Cities Partnership (WECP), a City Council official affirmed Monday at the presentation of a twining project with the American city of Houston, Texas. Full text...

  • Morocco to import Iranian crude
    22 june 2004 23:11:00
    Rabat- Morocco (PANA) -- The Moroccan oil refinery (SAMIR) will import crude from Iran starting in July for a total value of about 500 million US dollars, official sources said Tuesday in Rabat. Full text...

  • Zimbabwe ratifies trade pact with Mozambique
    22 june 2004 20:30:00
    Harare- Zimbabwe (PANA) -- The Zimbabwean parliament Tuesday ratified a trade agreement with neighbouring Mozambique, under which the two countries are to slash duties on a range of each other's exports. Full text...

  • China, Tunisia sign accords
    22 june 2004 18:59:00
    Tunis- Tunisia (PANA) -- Tunisian Prime Minister Mohamed Ghannouchi and Chinese Vice President Zeng Qinghong signed eight cooperation accords here at the close of two days of talks, the Tunisian News Agency (TAP) affirmed Monday. Full text...

  • Mozambique gets US$17 million IMF loan
    22 june 2004 17:43:00
    Maputo- Mozambique (PANA) -- The Executive Board of the International Monetary Fund (IMF) has approved a loan of 22. Full text...

  • Kibaki sets up ministerial panel on public tenders
    22 june 2004 16:31:00
    Nairobi- Kenya (PANA) -- Kenyan President Mwai Kibaki Tuesday announced the setting up of an inter-ministerial committee to scrutinise public tenders following allegations of corruption on separate tenders to upgrade the national passports system and to build forensic laboratories for the police. Full text...

  • Improved trading at Nairobi bourse Tuesday
    22 june 2004 16:08:00
    Nairobi- Kenya (PANA) -- Buoyed by the sale of Kenya Power and Lighting company shares, turnover at the Nairobi Stock Exchange (NSE), rose Tuesday to 41 million Kenyan shillings on a volume of 955,000 shares, from the 22 million shillings realised from 808,000 shares Monday. Full text...

  • Neilson to represent EU at ACP Maputo Summit
    22 june 2004 15:13:00
    Brussels- Belgium (PANA) -- Poul Neilson, the European Commissioner for Development and Humanitarian Aid is to represent the European Commission at the 4th Summit of the African Caribbean and Pacific (ACP) group of countries opening Wednesday in the Mozambican capital, Maputo. Full text...

  • Zambian manufacturers blame govt over strained relations
    22 june 2004 15:03:00
    Lusaka- Zambia (PANA) -- Zambian manufacturers have called on government to trust the private sector and allow it to grow and assist in the country's economic growth, Mark O'Donnell chair for the Zambia Association of Manufacturers (ZAM) said here Tuesday. Full text...

  • EU expansion bittersweet for ACP, says official
    22 june 2004 14:13:00
    Maputo- Mozambique (PANA) -- The recent expansion of the European Union (EU) from 15 to 25 member states presents a dilemma for the African, Caribbean and the Pacific (ACP) group because it is a double-edged sword, according to Pierre Moussa, President of the ACP council of Ministers. Full text...

  • Nigeria's deposit insurance body may expose debtors
    22 june 2004 13:27:00
    Lagos- Nigeria (PANA) -- To force bank debtors to pay up and reduce the incidence of bank closures, the Nigerian Deposit Insurance Corporation (NDIC) is planning to publish names of institutions and individuals that are indebted to liquidated banks in the country, its Executive Director Ganiyu Ogunleye disclosed here. Full text...

  • Niger asks UEMOA to strengthen research institutions
    22 june 2004 13:09:00
    Ouagadougou- Burkina Faso (PANA) -- President Mamadou Tandja of Niger has called on member countries of the West African Economic and Monetary Union (UEMOA) to strengthen its research institutions in strict observance of the precaution principle in the face of the current debate on GMO technology. Full text...

  • CDE to sharpen skills of East African small miners
    22 june 2004 11:50:00
    Addis Ababa- Ethiopia (PANA) -- The Brussels-based Centre for the Development of Enterprise (CDE) Tuesday announced a five-day workshop on how to develop industrial minerals for small and medium-size actors in the mining sectors of Kenya, Tanzania and Uganda. Full text...

  • Experts urge ACP to use agriculture to achieve MDGs
    22 june 2004 11:33:00
    Maputo- Mozambique (PANA) -- With more than 200 million hungry people, the African, Caribbean and the Pacific (ACP) group will have to devote more resources to agriculture if they are to reach the much-touted Millennium Development Goals (MDGs) to reduce poverty and hunger, experts have recommended. Full text...

  • Nigeria eyes $60 billion bee export industry
    22 june 2004 09:54:00
    Lagos- Nigeria (PANA) -- Nigeria has the potential to earn more than 60 billion US dollars annually from exporting honey bees, according to Tunde Fabunmi, Executive Director of Bee Conservation Project (BCP), a private initiative. Full text...

  • Interest rates drop sharply in Zimbabwe
    21 june 2004 22:00:00
    Harare- Zimbabwe (PANA) -- Interest rates tumbled in Zimbabwe Monday to as low as five percent from a high of 160 percent last week because of unprecedented excess liquidity, bankers said. Full text...

  • Air Zimbabwe plans to acquire new aircraft
    21 june 2004 20:33:00
    Harare- Zimbabwe (PANA) -- Air Zimbabwe said Monday it planned to acquire a long-haul aircraft to service routes to Asia on which it intended to up flights shortly. Full text...

  • Ghana Stock Exchange opens week low
    21 june 2004 19:37:00
    Accra- Ghana (PANA) -- The Ghana Stock Exchange (GSE) was off to a slow start this week with only 99,600 shares changing hands Monday. Full text...

  • Mauritian bank director in money laundering case
    21 june 2004 18:43:00
    Port Louis- Mauritius (PANA) -- A court in Port Louis on Monday charged Mauritius Commercial Bank (MCB) director general Pierre-Guy Noel of "money laundering and complicity in money laundering" involving 881. Full text...

  • East African exporters complain over EU rules
    21 june 2004 18:19:00
    Nairobi- Kenya (PANA) -- A meeting between East African exporters of fresh flowers and vegetables and the European Union quality experts is scheduled here Tuesday to discuss new tougher sanitation rules introduced by Brussels, which observers fear could lock out thousands of products entering Europe. Full text...

  • South Africa's top tourism promoter resigns
    21 june 2004 17:58:00
    Cape Town- South Africa (PANA) -- The board of Cape Town Tourism has confirmed the resignation of Sheryl Ozinsky, one of South Africa's renowned tour promoters. Full text...

  • Mozambique to set to launch natural gas exploration
    21 june 2004 17:45:00
    Maputo- Mozambique (PANA) -- Mozambique is set to start drilling the first well in search of natural gas in the Inhaminga block of the country's central province of Sofala, national news agency, AIM reported Monday. Full text...

  • Zambians discuss country's economic future
    21 june 2004 17:25:00
    Lusaka- Zambia (PANA) -- Zambia's commerce, trade and industry minister Dipak Patel has underscored the private sector's important role in poverty reduction efforts. Full text...

  • East Africans decry interference by donors
    21 june 2004 15:06:00
    Nairobi- Kenya (PANA) -- Officials from finance ministries in East Africa on Monday asked donors to stop interfering in the allocation of development expenditures after providing financial support. Full text...

  • Nairobi Bourse Opens Week Lower
    21 june 2004 13:40:00
    Nairobi- Kenya (PANA) -- The Nairobi Stock Exchange opened the week with a total of 808,000 shares valued at 22 million shillings, down from 77 million shillings on a solid volume of 1. Full text...

  • Congo basin forest partners slate meeting in Brazzaville
    21 june 2004 13:37:00
    Brazzaville- Congo (PANA) -- The second meeting of partners of the Congo Basin forests convenes here 25 June for participants to examine a common platform of actions for the Congo Basin and funding mechanisms. Full text...

  • Pretoria, Beijing plan joint commission 29 June
    21 june 2004 13:02:00
    Johannesburg- South Africa (PANA) -- South African deputy President Jacob Zuma and Chinese Vice President Zeng Qinghong will next Monday co-chair the Second South Africa-People's Republic of China (PRC) Bi-national Commission in Pretoria, an official source confirmed here Monday. Full text...

  • Congo lands $600,000 UNDP funding
    21 june 2004 12:25:00
    Brazzaville- Congo (PANA) -- Congo and the UN Development Programme (UNDP) have signed two financing agreements worth US$600,000 in support of capacity building for the government, the national radio reported Monday. Full text...

  • Civil war affects economic development in Burundi
    21 june 2004 08:59:00
    Bujumbura- Burundi (PANA) -- All economic indicators have sharply declined since civil war broke out in 1993 in Burundi, according to statistics published by the Central Bank in Bujumbura. Full text...

  • Stolen Zimbabwe platinum found in South Africa
    20 june 2004 21:51:00
    Harare- Zimbabwe (PANA) -- Zimbabwean Mines Minister Amos Midzi said Sunday the country's 30-ton platinum worth millions of US dollars, which was stolen in March en route to a processing plant in South Africa had been recovered in Soweto. Full text...

  • African business group in US
    20 june 2004 20:21:00
    Washington- US (PANA) -- An African business group from Benin, Cameroon, Nigeria and Senegal is in Washington DC to explore investment opportunities in the US. Full text...

  • Mbeki ends talks with international investors
    20 june 2004 18:41:00
    Johannesburg- South Africa (PANA) -- President Thabo Mbeki led South Africa's delegation at the last day of talks with visiting International Investment Council team in Cape Town. Full text...

  • Four private airlines to resume flights in Gabon
    20 june 2004 16:30:00
    Libreville- Gabon (PANA) -- A government Commission that reviewed the administrative and technical status of airlines in Gabon Sunday lifted the ban on four private airlines - Air Service, Nouvelles Air Affaires Gabon, Air Max Gabon and DHL airlines, the national Radio and Television, RTG2 reported. Full text...

  • Obasanjo sees great future for NEPAD
    20 june 2004 12:31:00
    Lusaka- Zambia (PANA) -- Nigerian leader Olusegun Obasanjo has hailed the long strides which the New Partnership for Africa's Development (NEPAD) has taken, insisting it was emerging as a success story for the continent. Full text...

  • EAC member countries to "domesticate" customs protocols
    20 june 2004 10:24:00
    Mombasa- Kenya (PANA) -- An official of the East African legislative Assembly says the regional body was working towards the "domestication" of the common protocol on customs for the East African Community in a bid to ensure that it becomes operational in January 2005. Full text...

  • France cancels 116 million Euros owed by Ghana
    19 june 2004 18:21:00
    Accra- Ghana (PANA) -- France has cancelled 116 million Euros debt which Ghana owed Paris, the French Minister in charge of Cooperation and Francophone Development, Xavier Darcos said here at the end of a two-day official visit. Full text...

  • Kenya plans maximum use of marine resources
    19 june 2004 15:45:00
    Mombasa- Kenya (PANA) -- In a move to maximise gains from its marine resources, the government of Kenya would develop modern fish landing beaches in the Indian Ocean port cities of Malindi and Mombasa, the minister of livestock and fisheries, Joseph Munyao said here Sunday. Full text...

  • Equities trading tumbles at Nigerian bourse
    19 june 2004 15:10:00
    Lagos- Nigeria (PANA) -- The Nigerian Stock Exchange (NSE) recorded low transactions this week with a turnover of 356. Full text...

  • Demand for foreign money falls in Nigeria
    19 june 2004 14:14:00
    Lagos- Nigeria (PANA) -- Demand for foreign currency by banks in Nigeria stood at 244. Full text...

  • US extends AGOA treaty to 2015
    19 june 2004 11:46:00
    Nairobi- Kenya (PANA) -- The United States government has extended the African Growth and Opportunities Act (AGOA) by seven years and allowed the sourcing of raw materials from third countries until 2006. Full text...

  • 5 banks, Irish firm seal deal for Mozambican Titanium project
    18 june 2004 19:27:00
    Dublin- Ireland (PANA) -- Irish company, Kenmare Resources Friday signed an agreement in Dublin with three European and two African banks for loans totalling 269 million US dollars for the Moma Titanium Minerals Project in Mozambique's northern province of Nampula, national news agency, AIM reported. Full text...

  • Private firm to manage Mozambican Port
    18 june 2004 18:56:00
    Maputo- Mozambique (PANA) -- The Mozambican rail and port company, CFM, has signed an agreement with Dutch company Cornelder-Mozambique, for the formal registration of Cornelder-Quelimane, a joint company that would manage the Quelimane port, in Mozambique's central province of Zambezia. Full text...

  • Senegalese on trial for cyber fraud in Ghana
    18 june 2004 18:31:00
    Accra- Ghana (PANA) -- John Siby, a Senegalese has appeared before an Accra Circuit Court charged with creating a non-existing bank to defraud unsuspecting foreigners. Full text...

  • Accra bourse ends week high
    18 june 2004 18:09:00
    Accra- Ghana (PANA) -- The Ghana Stock Exchange (GSE) ended the week high Friday with the GSE All-Share Index up by 29. Full text...

  • Mozambique raises fuel prices
    18 june 2004 17:21:00
    Maputo- Mozambique (PANA) -- The Mozambican Mineral Resources and Energy Ministry Friday announced increases of between two and to 6. Full text...

  • Nairobi Bourse Closes Week Lower
    18 june 2004 16:25:00
    Nairobi- Kenya (PANA) -- Turnover at the Nairobi Stock Exchange (NSE) declined Friday to 77 million Kenyan shillings (KShs) on a volume of 1. Full text...

  • Tunisia's Carthage Investment Forum underway
    18 june 2004 15:42:00
    Tunis- Tunisia (PANA) -- Tunisia's three-day edition of the Carthage Investment Forum ends Saturday in Gammarth in the north of the capital Tunis, organisers said here Friday. Full text...

  • COMESA, EU sign 21-million-Euro pact for regional ICT project
    18 june 2004 15:07:00
    Lusaka- Zambia (PANA) -- The Common Market for Eastern and Southern Africa (COMESA) and the European Union (EU) Friday in Lusaka signed an agreement for 21 million Euro grant under the European Development Fund to finance a regional Information and Communications Technology (ICT) support project. Full text...

  • West, Central African airport managers meet in Benin
    18 june 2004 13:47:00
    Cotonou- Benin (PANA) -- Airport managers from West and Central Africa Friday convened their eighth meeting of the regions, focusing on ways to meet users' demands and improve financial profitability. Full text...

  • Ghana gets 1.5 million euros French grant
    18 june 2004 13:34:00
    Accra- Ghana (PANA) -- Ghana and France have signed an agreement for a grant of 1. Full text...

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