Economy -
  • NSE daily equities transactions
    14 april 2003 17:18:00
    Lagos- Nigeria (PANA) -- The Nigerian Stock Exchange (NSE) Monday traded 18. Full text...

  • Company gets $5.3m loan to boost coal mining in Zimbabwe
    14 april 2003 11:20:00
    Harare- Zimbabwe (PANA) -- Wankie Colliery Company announced on Monday that it has secured a $5. Full text...

  • Zambia plans building rail link with Malawi
    14 april 2003 11:07:00
    Katete- Zambia (PANA) -- Zambia is to build a railway that will connect the eastern town of Chipata to Muchinji in Malawi, according to President Levy Mwanawasa. Full text...

  • Tunisia, Burkina Faso agree to strengthen co-operation
    13 april 2003 17:22:00
    Tunis- Tunisia (PANA) -- Tunisia and Burkina Faso have agreed to strengthen their co-operation, especially in infrastructure, housing and national planning, officials said in Tunis at the weekend. Full text...

  • Donors approve funding for Togo-Benin power interconnection plan
    13 april 2003 17:10:00
    Cotonou- Benin (PANA) -- Afters talks in Cotonou, international donors have approved funding for the multi-million-dollar electricity interconnection project linking northern Benin with northern Togo, official sources said in the Benin capital. Full text...

  • Tunisia signs tourism accords with Mali, Sudan
    13 april 2003 14:11:00
    Djerba- Tunisia (PANA) -- Tunisia, Mali and Sudan have signed a co-operation accords in the sector of tourism and crafts. Full text...

  • Central African ministers to create energy pool
    13 april 2003 09:26:00
    Brazzaville- Congo (PANA) -- The Energy ministers of the Economic Community of Central African States (CEEAC) agreed on Saturday to create an energy pool in Central Africa (PEAC) to secure electricity supplies to the 11 member states of CEEAC. Full text...

  • Indian Film Academy awards come to South Africa
    13 april 2003 09:17:00
    Cape Town- South Africa (PANA) -- The chief executive officer of South African Tourism, Cheryl Carolus, has expressed her pleasure at Friday's announcement in Mumbai by Wizcraft International Entertainment that the International Indian Film Academy (IIFA) awards' weekend is to be held for the second time in South Africa on 17 May. Full text...

  • South Africa earmarks food aid for famished neighbours
    12 april 2003 18:18:00
    Johannesburg- South Africa (PANA) -- South Africa has announced a multimillion rand aid package for its drought-stricken neighbours Lesotho, Malawi, Mozambique, Swaziland and Zimbabwe. Full text...

  • EAC road ministers due to meet donors in Arusha
    12 april 2003 16:28:00
    Nairobi- Kenya (PANA) -- Ministers for Roads, Transport and Communication from the East African Community comprising Kenya, Uganda and Tanzania will soon consult development partners at a meeting in Arusha for assistance toward construction, EAC spokesperson Magaga Alot said. Full text...

  • European donors fund Conakry port expansion
    12 april 2003 16:16:00
    Conakry- Guinea (PANA) -- The Guinean government and European donors have signed a 40 million euro funding agreement to implement the third project of the Conakry Port Authority (PAC) expansion, state-owned radio reported Saturday. Full text...

  • Gambia's opposition upholds crude oil scam claim
    12 april 2003 15:37:00
    Banjul- Gambia (PANA) -- Ousainou Darboe, Secretary General of Gambia's main opposition United Democratic Party (UDP), has maintained that President Yaya Jammeh's government was "secretly" involved in a crude oil deal with the Nigerian government. Full text...

  • Japan gives Guinea 350 million yen to purchase rice
    12 april 2003 14:09:00
    Conakry- Guinea (PANA) -- Japan has granted 350 million yen (over US$2 million) to Guinea to purchase rice to cover the country's production deficit, the state radio reported Saturday. Full text...

  • World Bank, IMF want transparent oil trade in Sao Tome
    11 april 2003 23:23:00
    Sao Tome- Sao Tome and Principe (PANA) -- The World Bank and the International Monetary Fund (IMF) have advised Sao Tome to manage its oil income with "openness" and avoid investing in unproductive sectors, an official of a joint mission by the two institutions said Friday. Full text...

  • America reschedules DR Congo's debt
    11 april 2003 22:37:00
    Kinshasa- DR Congo (PANA) -- The Democratic Republic of Congo and the US government have signed an agreement for the rescheduling of the African country's debt, following an agreement at the Paris Club. Full text...

  • Togo, Benin hold talks on electricity project
    11 april 2003 22:14:00
    Cotonou- Benin (PANA) -- Talks on identifying funding for an electricity interconnection project between Benin and Togo kicked off Friday in the Beninese capital, Cotonou. Full text...

  • Mauritania plans rationing to cut costs for power, water
    11 april 2003 21:32:00
    Nouakchott- Mauritania (PANA) -- The government in Mauritania announced plans Friday to cut expenditures for energy by "drastically reducing water and electricity consumption" in public buildings. Full text...

  • South African group to mine platinum in Zimbabwe
    11 april 2003 19:28:00
    Harare- Zimbabwe (PANA) -- South African mining group, Anglo American Corporation said Friday it would invest $90 million in a platinum project in Zimbabwe. Full text...

  • China's Alcatel increases credit facility to Ghana Telecom
    11 april 2003 19:23:00
    Accra- Ghana (PANA) -- The management of China's Alcatel Shangai Bell Company Friday pledged to increase its original 60 million-US-dollar loan to 100 million to enable the Ghana Telecom to expand its GSM mobile Network and Fibre Optic Transmission. Full text...

  • Mozambique reduces energy supplies to S. Africa, Zimbabwe
    11 april 2003 17:22:00
    Maputo- Mozambique (PANA) -- Electricity supplies from the Cahora Bassa dam in the western Mozambican province of Tete has been reduced to the dam's two main customers -- South Africa and Zimbabwe -- due to technical reasons. Full text...

  • EU grants Niger 3.3b CFAF for job creation
    11 april 2003 16:28:00
    Niamey- Niger (PANA) -- The European Union has granted 3. Full text...

  • Ghana bourse ends week upbeat
    11 april 2003 15:43:00
    Accra- Ghana (PANA) -- The Ghana Stock Exchange All-share Index continued its steady rise Friday although traded shares dropped by more than half. Full text...

  • Zimbabwean Hotel Group unveils major expansion plan
    11 april 2003 15:37:00
    Harare- Zimbabwe (PANA) -- Zimbabwe's biggest hotel outfit, Zimsun Leisure Group, said Friday it had signed agreements to invest in four eastern and southern African countries. Full text...

  • Italy forgives US$14.6 million of Guinean debt
    11 april 2003 14:05:00
    Conakry- Guinea (PANA) -- Italy has cancelled US$14. Full text...

  • Malawi bank rate stays at 40 percent
    11 april 2003 13:58:00
    Blantyre- Malawi (PANA) -- A Monetary Policy Committee of the Reserve Bank of Malawi has said that the interest the central bank charges for lending out to commercial banks, known as the bank rate, will remain at 40 percent because reigning economic factors do not support any cuts. Full text...

  • Fuel prices drop in Mali
    11 april 2003 10:48:00
    Bamako- Mali (PANA) -- The National Board for Oil Products (ONAP) in Mali has reported a general drop in fuel prices in April, compared to March. Full text...

  • Prices up 2.6 percent in Kinshasa
    11 april 2003 09:34:00
    Kinshasa- DR Congo (PANA) -- Prices rose by 2. Full text...

  • Minister flags off Casablanca International Sea Show
    10 april 2003 22:42:00
    Casablanca- Morocco (PANA) -- Several local and foreign firms are represented at the 6th Casablanca International Sea Show inaugurated here Thursday by the Moroccan fisheries minister Taib Ghafes. Full text...

  • Gambian govt dismisses opposition crude oil scam claim
    10 april 2003 21:11:00
    Banjul- Gambia (PANA) -- President Yahya Jammeh's government has dismissed an opposition claim that it was involved in fraudulent crude oil deal with Nigeria. Full text...

  • South African industrialists tour Bas-Congo province
    10 april 2003 18:49:00
    Kinshasa- DR Congo (PANA) -- A group of South African industrialists of Indian origin is currently in the Democratic Republic of Congo (DRC) exploring investment prospects in Bas- Congo province, its leader Singh Surendera told PANA here Thursday. Full text...

  • Transactions at Nigerian Stock Exchange
    10 april 2003 17:35:00
    Lagos- Nigeria (PANA) -- The Nigerian Stock Exchange (NSE) Thursday traded 15. Full text...

  • Chissano expresses satisfaction with economic performance
    10 april 2003 17:35:00
    Maputo- Mozambique (PANA) -- the Mozambican economy has performed "satisfactorily" with a "notable increase in production" in the past year, President Joaquim Chissano said on Thursday. Full text...

  • Egypt ratifies Memorandum of Association with EU
    10 april 2003 17:25:00
    Brussels- Belgium (PANA) -- Chris Patten, European Commissioner in charge of External Relations, has welcomed the Egyptian parliament's ratification of the country's Memorandum of Association with the European Union, an EU release said Thursday. Full text...

  • Nigeria loses US$2.5 billion annually to gas flaring, says report
    10 april 2003 17:12:00
    Abuja- Nigeria (PANA) -- Nigeria loses between US$500 million and US$2. Full text...

  • Nigerian private sector decries 2003 budget delay
    10 april 2003 14:47:00
    Lagos- Nigeria (PANA) -- Private sector operators in Nigeria have condemned the delay in the implementation of the 2003 federal budget. Full text...

  • Chiluba sets roadblock in his criminal trial
    10 april 2003 13:37:00
    Lusaka- Zambia (PANA) -- Former Zambian president, Frederick Chiluba, has appealed to the Supreme Court against a high court ruling that he can be tried by a lower (magistrate) court. Full text...

  • Ministerial council pushes for free movement within EAC
    10 april 2003 12:44:00
    Nairobi- Kenya (PANA) -- The ministerial council of the East Africa Community (EAC) had recommended that measures be taken to ease restrictions on free movement of nationals within the three- country bloc. Full text...

  • Senegalese president expounds on NEPAD at Paris Institute
    10 april 2003 11:22:00
    Paris- France (PANA) -- Far from utopic, the New Partnership for Africa's Development (NEPAD) is a "coherent, feasible and credit- worthy" programme, Senegalese President Abdoulaye Wade contended Wednesday in Paris. Full text...

  • SARS deals severe blow to Indian Ocean airlines
    10 april 2003 11:03:00
    Saint-Denis- Reunion (PANA) -- Airline companies in the southwestern islands of the Indian Ocean severely affected by fears of terrorist attacks since 2001, are now facing a new crisis due to the global epidemic of Severe Acute Respiratory Syndrome (SARS), a deadly strain of pneumonia. Full text...

  • AVMIN acknowledges sale of shares to Swiss company
    10 april 2003 09:18:00
    Lusaka- Zambia (PANA) -- South African mining giant Anglovaal Mining Limited (AVMIN) has confirmed that it was in the process of selling its 90 percent shareholding in Chambishi Metals Plc to J Full text...

  • Algeria eyes commission on money laundering
    09 april 2003 23:08:00
    Algiers- Algeria (PANA) -- Algerian Justice Minister Mohamed Charfi announced Tuesday the setting up of an inter-ministerial commission of experts next week to study the rising tide of money laundering in the country. Full text...

  • BCEAO says Ivorian crisis fails to ruin African franc
    09 april 2003 23:07:00
    Niamey- Niger (PANA) -- Cote d'Ivoire's civil war has not weakened the CFA franc, according to the governor general of the Central Bank of West African States (BCEAO), Charles Konan Banny. Full text...

  • Camdessus urges CFA franc countries to implement NEPAD
    09 april 2003 21:46:00
    Niamey- Niger (PANA) -- France has encouraged countries of the CFA Franc Zone to implement NEPAD (the New Partnership for Africa's Development). Full text...

  • France reaffirms support for NEPAD
    09 april 2003 21:38:00
    Paris- France (PANA) -- French Co-operation and Francophonie Minister Pierre-Andre Wiltzer reaffirmed here Wednesday his government's support for the New Partnership for Africa's Development (NEPAD), saying it could pull the continent out of its current predicaments. Full text...

  • Rwanda, Kenya discuss economic co-operation
    09 april 2003 20:53:00
    Kigali- Rwanda (PANA) -- Visiting Kenyan Minister of Planning and National Development Peter Anyang' Nyong'o on Wednesday began discussing sustained economic co-operation with Rwandan officials with emphasis on transporting Rwandan goods via the Kenyan port of Mombassa. Full text...

  • Gambian president describes NEPAD as "talking shop"
    09 april 2003 19:41:00
    Banjul- Gambia (PANA) -- Gambian President Yahya Jammeh has once again doubted the possibility that Africa could achieve progress through the New Partnership for Africa's Development (NEPAD), which he termed as a "talking shop". Full text...

  • Gabon invests 100 billion CFAF in water and electricity
    09 april 2003 19:28:00
    Libreville- Gabon (PANA) -- The Water and Electricity Company in Gabon (SEEG) is investing more than 110 billion CFA francs over the next six years toward the improvement of water and electricity facilities in the country, officials at the SEEG said. Full text...

  • Ghana's vice president says agriculture holds key to progress
    09 april 2003 19:17:00
    Accra- Ghana (PANA) -- Ghana's vice president Aliu Mahama on Wednesday said that agriculture holds the key to Africa's progress in rural development and poverty reduction. Full text...

  • Franc Zone finance minister push for solidarity
    09 april 2003 17:55:00
    Niamey- Niger (PANA) -- Franc Zone finance ministers wound up a meeting here Wednesday stressing "the need to enhance solidarity with a view to fostering monetary stability in the zone". Full text...

  • Mozambique's economic growth lower than expected
    09 april 2003 17:32:00
    Maputo- Mozambique (PANA) -- Mozambique's gross domestic product grew by eight percent in 2002 -- much less than expected, the government said in a brief note on Wednesday. Full text...

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