Economy -
  • Malawi bans cement imports from Zimbabwe
    18 november 2002 20:58:00
    Blantyre- Malawi (PANA) -- Malawi on Monday slapped an immediate ban on the importation of cement from Zimbabwe, in a desperate move to save the fledgling local industry. Full text...

  • Libyan trade ministry bans 30 imported items
    18 november 2002 19:21:00
    Tripoli- Libya (PANA) -- Libya's economy and trade general people's committee (ministry) has banned the importation of 30 products and items, including frozen meat, canned foods, vegetables, colouring agents used in the food processing industry, olive oil, canned pet food, as well as second hand cars. Full text...

  • Prices of petroleum products up in Congo Brazzaville
    18 november 2002 17:08:00
    Brazzaville- Congo (PANA) -- Congo Brazzaville has announced increases in the prices of petroleum products except paraffin, which is unchanged at 270 CFA francs per litre. Full text...

  • Motorcycle transport to be streamlined in UEMOA States
    18 november 2002 15:45:00
    Lome- Togo (PANA) -- A just-ended regional workshop held in Lome, Togo, has recommended the streamlining of motorcycle taxi transportation in Benin, Niger and Togo, under the aegis of the West African Economic and Monetary Union (UEMOA). Full text...

  • Zimbabwe Chamber of Commerce opens offices in Mozambique
    18 november 2002 15:18:00
    Harare- Zimbabwe (PANA) -- Zimbabwe's National Chamber of Commerce (ZNCC) said Monday it had opened offices in Mozambique as part of efforts to boost the volume of trade between the two neighbouring countries. Full text...

  • Mauritanian capital connected to Manantali hydropower dam
    18 november 2002 10:03:00
    Nouakchott- Mauritania (PANA) -- The Mauritanian capital of Nouakchott has been connected to the Manantali hydroelectric dam network, according to the Water Resources and Energy Minister Moustapha Kane. Full text...

  • Transactions in Nigerian govt securities drop
    17 november 2002 16:25:00
    Lagos- Nigeria (PANA) -- The volume of transactions in Nigerian government securities dropped this week as a total of 16. Full text...

  • Daily urges Libya to restore ties with western markets
    17 november 2002 15:51:00
    Tripoli- Libya (PANA) -- An independent Libyan paper, Al-Chams has urged Libyans to revive relations with Western markets, universities and technology in countries such as the US, Britain, France Italy or Germany. Full text...

  • NSE equities transactions in bearish trend during the week
    16 november 2002 16:07:00
    Lagos- Nigeria (PANA) -- Equities transactions at the Nigerian Stock Exchange (NSE) were bearish this week with a total of 60. Full text...

  • Congolese franc falls against the US dollar
    15 november 2002 23:20:00
    Kinshasa- RD Congo (PANA) -- The DR Congo currency - Congolese franc - has slumped under the rate of 400 FC to the US dollar, exchanging at Tuesday's close at 506. Full text...

  • Malian-Tunisian joint commission to meet in November
    15 november 2002 23:05:00
    Bamako- Mali (PANA) -- The seventh session of the Malian-Tunisian joint commission will be held from 18 to 21 November in Bamako, press reports said Friday. Full text...

  • Ethiopian roads - among least developed in the world
    15 november 2002 22:53:00
    Addis Ababa- Ethiopia (PANA) -- Ethiopia's transport infrastructure, primarily consisting of roads, is one of the least developed in the world, an Ethiopian Road Authority survey report said Friday. Full text...

  • Botswana expects tourist influx during eclipse
    15 november 2002 22:29:00
    Gaborone- Botswana (PANA) -- An unusually high number of tourists are expected to arrive in Botswana early December to witness the spectacular lunar eclipse that will, according to experts, pass through the northern part of the country on 4 December for barely two minutes. Full text...

  • IOM wants projects for Africa's development
    15 november 2002 21:46:00
    Paris- France (PANA) -- The International Organisation for Migration (IOM) intends to start several projects meant to get the African Diaspora involved in the development of Africa, the IOM assistant director general, N'Dioro N'Diaye, said in Paris Friday. Full text...

  • Noticeable increase in Burundi's 2003 budget
    15 november 2002 21:28:00
    Bujumbura- Burundi (PANA) -- The Burundi government Friday proposed a 217. Full text...

  • BEAC begins 30th anniversary celebrations Monday
    15 november 2002 21:07:00
    Yaounde- Cameroon (PANA) -- The Bank of Central African States (BEAC) has organised several events in Libreville starting Monday to officially celebrate its 30th anniversary. Full text...

  • Iran loans Zimbabwe $18 million
    15 november 2002 20:19:00
    Harare- Zimbabwe (PANA) -- Iran Friday gave Zimbabwe a credit line of 18 million US dollars to finance imports from the Middle East country. Full text...

  • Mozambique, France sign investment protection agreement
    15 november 2002 20:08:00
    Maputo- Mozambique (PANA) -- Mozambican and French governments Friday signed an agreement on the reciprocal protection of investments. Full text...

  • Economists, opposition slam Zimbabwe's national budget
    15 november 2002 20:01:00
    Harare- Zimbabwe (PANA) -- Opposition parties and independent economists in Zimbabwe Friday dismissed the government's 2003 national budget as unrealistic saying it would not arrest the country's mounting economic problems. Full text...

  • Mozambique's Temane gas to reach South Africa
    15 november 2002 19:55:00
    Temane- Mozambique (PANA) -- Natural gas from the Temane field, in the southern Mozambican Inhambane province, will start flowing to a refinery owned by the company, SASOL, in the South African town of Secunda by January 2004. Full text...

  • NSE daily equities trading
    15 november 2002 19:30:00
    Lagos- Nigeria (PANA) -- A total of 10. Full text...

  • COMESA offers free space at AGOA Trade Exhibition
    15 november 2002 18:08:00
    Johannesburg- South Africa (PANA) -- The Common Market for East and Southern Africa (COMESA) said on Friday that it would provide AGOA-eligible member States a free space at the "COMESA Village" of the African Growth and Opportunity Act (AGOA) Trade Exhibition planned for January 2003 in Port Louis, Mauritius. Full text...

  • Kenyan official blames poverty on SAPs
    15 november 2002 16:55:00
    Nairobi- Kenya (PANA) -- Peter Kiilu, Administrative Officer of Kenya's western Region, has blamed economic liberalisation and structural adjustment programmes (SAPs) as the root cause of poverty in the country. Full text...

  • Germany offers Zambia 7.5 million euro food aid
    15 november 2002 15:45:00
    Lusaka- Zambia (PANA) -- Germany has granted Zambia 7. Full text...

  • Central Africa steps up integration
    15 november 2002 14:00:00
    Yaounde- Cameroon (PANA) -- The Central African region is making as much progress in economic integration as its West African counterpart, according to Jean-Felix Mamalepot, Governor of the Central Bank of Central African States (BEAC). Full text...

  • Donors say Sierra Leone needs $650 million for reconstruction
    15 november 2002 12:19:00
    Paris- France (PANA) -- Bilateral and multilateral donors have announced that Sierra Leone needs about 650 million dollars for reconstruction after ten years of bloody and devastating civil war. Full text...

  • BEAC celebrates 30th anniversary on positive note
    15 november 2002 11:49:00
    Yaounde- Cameroon (PANA) -- The Bank of Central African States (BEAC) will begin celebrations of its 30th anniversary on Monday well satisfied with its achievements over the years, Governor Jean-Félix Mamalepot said here. Full text...

  • NEPAD coordinating office set up in Libreville
    15 november 2002 10:30:00
    Libreville- Gabon (PANA) -- In fulfilment of a recommendation by African leaders during their last Abuja Summit, Gabon has set up a national coordinating office in Libreville for the New Partnership for Africa's Development (NEPAD). Full text...

  • Armed conflict threatens economic growth in Côte d'Ivoire
    15 november 2002 09:58:00
    Abidjan- Côte d'Ivoire (PANA) -- Economic indicators in Côte d'Ivoire clearly show that the ongoing armed rebellion has jeopardised the country's objective to gain a 3-percent economic growth this year. Full text...

  • Bank of Baroda's listing boosts Uganda's stock exchange
    14 november 2002 22:43:00
    Kampala- Uganda (PANA) -- The Bank of Baroda has been listed on the Uganda Securities Exchange (USE) Tuesday, boosting trading activity to a record 24,456 US dollars - the highest this year. Full text...

  • Mauritian groups to stage anti-AGOA protests
    14 november 2002 22:21:00
    Port Louis- Mauritius (PANA) -- A group of 18 Mauritian organisations, called Platform Against Bush, will hold next January a parallel forum to the one on the Africa Growth and Opportunity Act (AGOA) scheduled from 14 to 17 January in Mauritius, a source told PANA on Thursday. Full text...

  • UEMOA banks to set up common electronic banking system
    14 november 2002 22:09:00
    Dakar- Senegal (PANA) -- Twenty-nine banks in the West Africa Economic and Monetary Union (UEMOA) have agreed to set up a common electronic banking system of payments, banking sources told PANA in Dakar. Full text...

  • EU/Mauritius fishing agreement talks postponed
    14 november 2002 22:02:00
    Port Louis- Mauritius (PANA) -- Negotiations between Mauritius and the European Union (EU) on reaching an agreement on fishing rights in the island's exclusive economic zone (EEZ) have been postponed to next year, sources in Port Louis told PANA Thursday. Full text...

  • IMF encourages Kabila on economy
    14 november 2002 21:55:00
    Kinshasa- DR Congo (PANA) -- An International Monetary Fund (IMF) delegation visiting the DR Congo to evaluate the country's financial programme which started six months ago has encouraged the efforts of President Joseph Kabila's government to streamline the economy. Full text...

  • Annan urges donors to assist Sierra Leone
    14 november 2002 21:45:00
    Freetown- Sierra Leone (PANA) -- UN Secretary General Kofi Annan has appealed to international donors to provide financial support for Sierra Leone to consolidate peace and stability in the country. Full text...

  • Britain supports Sierra Leone with 120 million Pounds
    14 november 2002 21:02:00
    Freetown- Sierra Leone (PANA) -- Britain has agreed to commit 120 million Pounds over the next three years to support social and economic development programmes in Sierra Leone, an official statement said. Full text...

  • Congo Brazzaville plans a new Airline
    14 november 2002 20:05:00
    Brazzaville- Congo (PANA) -- Congo Brazzaville plans to create a new airline company to replace the dissolved Congo National Airlines (LINA-Congo), Transport and Privatisation Minister, Isidore Mvouba has announced. Full text...

  • Zimbabwe unveils agriculture budget
    14 november 2002 19:59:00
    Harare- Zimbabwe (PANA) -- Zimbabwe Thursday unveiled a 770 billion Zimbabwe dollar (55ZWD = 1USD) budget heavily tilted towards the government's controversial agricultural reforms, which the southern African country hopes will pull its economy out of a three-year recession. Full text...

  • Oil production declines by 50 percent in Gabon
    14 november 2002 19:16:00
    Libreville- Gabon (PANA) -- Oil production has fallen by 50 percent in the last five years in Gabon, according to an official statement. Full text...

  • NSE daily equities trading
    14 november 2002 17:07:00
    Lagos- Nigeria (PANA) -- The Nigerian Stock Exchange (NSE) Thursday traded 10. Full text...

  • Tea growers, publishers excite turnover at Nairobi bourse
    14 november 2002 16:53:00
    Nairobi- Kenya (PANA) -- Though unlikely allies, publishers and tea growers were prime movers of shares in Thursday's trading at Nairobi Stock Exchange. Full text...

  • Mali allows jewel manufactures to export their wares
    14 november 2002 15:32:00
    Bamako- Mali (PANA) -- Manufacturers of jewels and art objects created from gold and other precious stones in Mali will be allowed to export their products abroad. Full text...

  • Malawi riot police use teargas to evict street vendors
    14 november 2002 15:31:00
    Blantyre- Malawi (PANA) -- Blantyre's shopping district came to a stand-still on Thursday after several hours of running battles between street vendors and city authorities backed by armed riot police, who fired teargas canisters to disperse the peddlers. Full text...

  • Rwanda, Mozambique, Sao Tome get BADEA loans
    14 november 2002 15:27:00
    Khartoum- Sudan (PANA) -- Khartoum-based Arab Bank for Economic Development in Africa (BADEA) has granted loans totalling 13 million US dollars to Rwanda, Mozambique and Sao Tome, for development projects. Full text...

  • Malawi businessmen exploit new surtax to raise prices
    14 november 2002 13:34:00
    Blantyre- Malawi (PANA) -- The Consumer Association of Malawi (CAMA) has complained that unscrupulous businessmen had taken advantage Of the recently implemented surtax to raise commodity prices. Full text...

  • World Bank loans Benin 7.3 billion FCFA for reforms
    14 november 2002 13:03:00
    Cotonou- Benin (PANA) -- The World Bank has given Benin an additional loan of 7. Full text...

  • Congolese govt disagrees with IMF on oil accord
    14 november 2002 12:40:00
    Brazzaville- Congo (PANA) -- Congo's minister of Economy Finance and Budget Roger Rigobert Andely and the International Monetary Fund (IMF) have differed in their assessments of the execution of an agreement signed with the Congolese National Petroleum Company (SNCP). Full text...

  • UEMOA discusses poverty alleviation in Bissau
    14 november 2002 11:01:00
    Bissau- Guinea Bissau (PANA) -- The West African economic and Monetary Union (UEMOA) is meeting authorities in Guinea-Bissau to discuss how to formulate efficient poverty alleviation methods in the country. Full text...

  • World Bank assesses Guinea-Bissau's aid needs
    14 november 2002 08:29:00
    Bissau- Guinea Bissau (PANA) -- After a thorough assessment of the financial problems of Guinea-Bissau, visiting World Bank official, Paulo Gomes says the country urgently needs aid from the international community. Full text...

  • Abidjan Stock Exchange stabilises at Wednesday's closing
    13 november 2002 23:24:00
    Dakar- Senegal (PANA) -- Cote d'Ivoire-based Abidjan Stock Exchange (BRVM) closed Wednesday with a show of stability compared to the previous session, a communiqué issued to PANA showed. Full text...

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