Economy -
  • Mozambique lifts restrictions on Zimbabwe meat
    26 december 2001 19:57:00
    Maputo- Mozambique (PANA) -- The National Livestock Directorate in the Mozambican Agriculture Ministry has lifted all restrictions on the imports of Zimbabwean livestock and animal products, reports the Maputo daily "Noticias". Full text...

  • Ethiopian irrigation scheme gets Canadian assistance
    26 december 2001 19:56:00
    Addis Ababa- Ethiopia (PANA) -- Ethiopia and Canada have signed a memorandum of understanding (MOU) for financial assistance to the tune of 7. Full text...

  • Zambia's Nchanga open pit copper mine set for production
    26 december 2001 18:29:00
    Lusaka- Zambia (PANA) -- Zambia's Nchanga Open Pit mine, which had a section wall collapse on men and equipment earlier this year, is to go into full production soon. Full text...

  • Kenya to levy tax on imported milk
    26 december 2001 17:38:00
    Nairobi- Kenya (PANA) -- Kenyan authorities have begun talks with the Kenya Dairy Board (KDB) on a proposed tax to be imposed on imported dairy products. Full text...

  • 47 million dollars invested in Morocco's oil exploration
    26 december 2001 13:48:00
    Rabat- Morocco (PANA) -- More than 47 million US dollars is estimated to have been invested in oil exploration projects in Morocco in 2001, according to the kingdom's energy and mining minister, Mustapha Mansouri. Full text...

  • Govt puts damper on sale of Telkom Kenya
    25 december 2001 16:52:00
    Nairobi- Kenya (PANA) -- Kenyan authorities have finally put paid a plan to divest the government's 49 percent shares in Telkom Kenya Limited by terminating negotiations with the potential buyer, Mount Kenya Consortium. Full text...

  • Sudan to export sheep worth 40 million dollars
    25 december 2001 15:29:00
    Khartoum- Sudan (PANA) -- Members of the Sudanese livestock exporters union are to export sheep worth 40 million dollars between 24 December this year to 30 March 2002. Full text...

  • Cotonou switches to digital telephone system
    25 december 2001 13:41:00
    Cotonou- Benin (PANA) -- Benin Posts and Telecommunication Board has digitalised over 2,000 telephone lines in Cotonou in a bid to make its network competitive. Full text...

  • Benin removes duty on computer equipment
    25 december 2001 13:19:00
    Porto Novo- Benin (PANA) -- Computer hardware and software imported into Benin from 1 January to 31 December 2002 will be exempted from customs duty, according to a government bill on the 2002 fiscal tabled Monday in the National Assembly. Full text...

  • Poor packaging affects Ethiopia's beer exports
    25 december 2001 12:47:00
    Addis Ababa- Ethiopia (PANA) -- Though American consumers of Ethiopian beer like its quality and taste, they complain that its packaging is disgusting. Full text...

  • Canada to computerise DRC Central Bank
    25 december 2001 10:16:00
    Kinshasa- DR Congo (PANA) -- Canada will computerise the Central Bank of Congo under an agreement signed here between the two countries. Full text...

  • Libya, Tunisia to strengthen energy co-operation
    24 december 2001 20:26:00
    Tunis- Tunisia (PANA) -- The head of Libya's oil Company, Abdelhafidh Zelithi met at the weekend in Tunis with the Tunisian Industry Minister Moncef Ben Abdellah, for talks aimed at strengthening energy co-operation between the two countries. Full text...

  • Morocco Telecom adopts billion-dollar investment plan
    24 december 2001 19:47:00
    Rabat- Morocco (PANA) -- Morocco Telecom is to invest 11. Full text...

  • Niger registers good customs performance despite fraud
    24 december 2001 19:18:00
    Niamey- Niger (PANA) -- The Niger Customs Department is expecting earnings of 66. Full text...

  • Poor trading at Ghana Stock Exchange
    24 december 2001 18:56:00
    Accra- Ghana (PANA) -- The All-Share Index at the Ghana Stock Exchange (GSE) ended unchanged Monday in one of the poorest trading sessions yet, in which only 500 shares changed hands. Full text...

  • Libyan economic mission visits Morocco
    24 december 2001 16:14:00
    Rabat- Morocco (PANA) -- A Libyan economic delegation, including investors in electrical appliances and maintenance products, is visiting Morocco. Full text...

  • Cote d'Ivoire gets 135 billion FCFA World Bank loan
    24 december 2001 15:32:00
    Abidjan- Cote d'Ivoire (PANA) -- Cote d'Ivoire and the World Bank have signed a 135 billion CFA francs (280 million US dollars) loan agreement, official sources in Abidjan disclosed over the weekend. Full text...

  • IMF delegation impressed with Cape Verde economy
    23 december 2001 16:42:00
    Praia- Cape Verde (PANA) -- An IMF assessment mission recently expressed satisfaction with the evolution of the Cape Verde economy, the local press reported this weekend. Full text...

  • Business stagnates in Mauritius' tourism industry
    23 december 2001 15:35:00
    Port Louis- Mauritius (PANA) -- Tourism operators in say they do not expect any growth in the sector this year. Full text...

  • Some 61 Sudanese firms off to Eritrea to exhibit wares
    23 december 2001 12:21:00
    Khartoum- Sudan (PANA) -- Some 61 Sudanese companies will display goods in the Sudanese products exhibition in Asmara, Eritrea, in mid-January 2002, said Abdulgadir Fadl, the director of exhibitions in the foreign trade ministry, Sunday in Khartoum. Full text...

  • Mozambique bank governor describes 2001 as difficult year
    22 december 2001 19:03:00
    Maputo- Mozambique (PANA) -- Bank of Mozambique's governor Adriano Maleiane on Friday said that 2001 had been a difficult financial year, just as 2000 had been, the national news agency AIM reported Saturday. Full text...

  • Trading activities bullish at Nigerian stock exchange
    22 december 2001 16:29:00
    Lagos- Nigeria (PANA) -- Transactions of equities at the Nigerian Stock Exchange (NSE) were bullish this week with a turnover of 119. Full text...

  • Nigeria's power generation hits all-time high
    22 december 2001 15:35:00
    Lagos- Nigeria (PANA) -- Nigeria's state-owned electricity company NEPA said its power generation had hit an unprecedented 3,300 megawatts ahead of President Olusugun Obasanjo's deadline for uninterrupted electricity by 31 December 2001. Full text...

  • Emigrant Moroccans transfer nerly $2 billion home
    22 december 2001 14:29:00
    Rabat- Morocco (PANA) -- Moroccans living abroad transferred home 22. Full text...

  • International oil, gas show for Marrakech in April
    22 december 2001 13:50:00
    Rabat- Morocco (PANA) -- Morocco will host the first International Oil and Gas Show 7-10 April in Marrakech, the Moroccan Board of Oil Research and Exploitation said. Full text...

  • Mauritius expects 12.1 billion rupees trade deficit
    22 december 2001 11:03:00
    Port Louis- Mauritius (PANA) -- Total exports by Mauritius for the third quarter of 2001 increased by 25 percent compared to the previous quarter, and by 14 percent as compared to the corresponding quarter of 2000, the Central Statistical Office revealed Saturday in Port Louis. Full text...

  • Nairobi Stock Exchange Weekly Summary
    21 december 2001 23:24:00
    Nairobi- Kenya (PANA) -- The Nairobi Stock Exchange ended the week 12. Full text...

  • Deregulation of telecomm tops economic gains in Nigeria
    21 december 2001 21:53:00
    Lagos- Nigeria (PANA) -- Nigeria's successful privatisation of its telecommunications sector, after several false starts, undoubtedly marked the highpoint of achievements of President Olusegun Obasanjo's administration in 2001. Full text...

  • NEPAD Ministerial meeting for Dakar 8 January
    21 december 2001 21:14:00
    Dakar- Senegal (PANA) -- West African Ministers in charge of Infrastructure, Energy, Environment and Information Technology will meet in Dakar 8 January to propose projects under the New Partnership for Africa's Development (NEPAD) initiative. Full text...

  • Ghana's all-Share index ends week unchanged
    21 december 2001 18:48:00
    Accra- Ghana (PANA) -- The All-Share Index, the main gauge of the Ghana Stock Exchange (GSE), ended unchanged Friday as there was no price change and the poor run of the bourse continued. Full text...

  • ECOWAS leaders renew commitment to integration
    21 december 2001 18:18:00
    Dakar- Senegal (PANA) -- ECOWAS leaders ended their two-day 25th ordinary Summit in Dakar Friday after renewing their commitment to political and economic integration as well as the fostering of democracy and good governance within the sub-region. Full text...

  • Zimbabwe stocks end year depressed
    21 december 2001 17:59:00
    Harare- Zimbabwe (PANA) -- Zimbabwe's stock market Friday closed off the year on a depressed note, largely owing to investor jitters over an impending presidential election which has an important bearing on the country's economic future. Full text...

  • ECOWAS yet to agree a name for new currency
    21 december 2001 16:50:00
    Dakar- Senegal (PANA) -- The five-nation West African Monetary Zone (WAMZ), has deferred the choice of a new name for the currency to be used under the second monetary Zone, to be created in 2003 within ECOWAS. Full text...

  • Zambian currency holds against the US dollar
    21 december 2001 16:07:00
    Lusaka- Zambia (PANA) -- Zambia's kwacha currency was holding out against the US dollar Friday as the Central Bank came to its rescue with the off-loading of a cache of one million dollars from its dealing window. Full text...

  • Apex mining company drops production before year-end
    21 december 2001 14:18:00
    Lusaka- Zambia (PANA) -- Zambia's prime producer of copper and cobalt, Konkola Copper Mines, has recorded a 15 percent fall in production of metal as a result of the decreased prices on the London Metal Exchange. Full text...

  • Nigeria signs two new oil contracts
    21 december 2001 12:27:00
    Lagos- Nigeria (PANA) -- Nigeria's state-owned oil company NNPC has signed two fresh Production Sharing Contracts (PSC), in furtherance of its new initiative in joint venture partnership in the development of the oil industry. Full text...

  • Trading at Nigerian Stock Exchange
    21 december 2001 09:47:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigerian Stock Exchange for Thursday, 20 December: 1st Tier Securities Sector/Company Value of Share AUTOMOBILE AND TYRE Dunlop Nig. Full text...

  • UEMOA concerned over non-tariff barriers
    21 december 2001 07:46:00
    Dakar- Senegal (PANA) -- Heads of State of the West African Economic and Monetary Union (UEMOA) this week expressed concern over persistent non-tariff barriers to trade within the community. Full text...

  • Nairobi Stock Exchange Loses 24 Index Points
    20 december 2001 23:25:00
    Nairobi- Kenya (PANA) -- The Nairobi Stock Exchange slumped again, as the bench-mark 20-share index lost 24. Full text...

  • Credit Lyonnais replaces Congo's international bank
    20 december 2001 21:55:00
    Brazzaville- Congo (PANA) -- A new banking firm named "Credit Lyonnais-Congo has been created to replace the privatised Congo international bank (BIDC) under an agreement. Full text...

  • Deregulation off telecomm tops economic gains in Nigeria
    20 december 2001 19:57:00
    Lagos- Nigeria (PANA) -- Nigeria's successful privatisation of its telecommunications sector, after several false starts, undoubtedly marked the highpoint of achievements of President Olusegun Obasanjo's administration in 2001. Full text...

  • NSE Daily Equities Trading
    20 december 2001 19:14:00
    Lagos- Nigeria (PANA) -- Here are the daily equities that traded at the Nigerian Stock Exchange for Thursday when a total of 58. Full text...

  • Entrepreneurs decry non-implementation of ECOWAS protocols
    20 december 2001 18:37:00
    Dakar- Senegal (PANA) -- The president of the African Business Roundtable (ABR), Bamanga Tukur, has urged ECOWAS member countries to implement the community's protocols designed to promote trade and economic development. Full text...

  • China funds Benin's poverty reduction efforts
    20 december 2001 14:28:00
    Cotonou- Benin (PANA) -- China has granted Benin 1. Full text...

  • S. African rand's free-fall sparks fears of high interest rates
    20 december 2001 13:13:00
    Cape Town- South Africa (PANA) -- The rand currency this week tumbled to a new all time worst level against major currencies, sparking fears that South Africa will inevitably face interest rate hikes in the New Year. Full text...

  • Mauritania to boost fishing in poverty reduction strategy
    20 december 2001 13:00:00
    Paris- France (PANA) -- Donors have affirmed to support Mauritania's poverty reduction strategies by making good financial pledges of 412 million US dollars for the next three years. Full text...

  • EU to grant $108 million to DR Congo in January
    20 december 2001 10:43:00
    Kinshasa- DR Congo (PANA) -- The European Union intends in January to provide the Democratic Republic of Congo (DRC) with 108 million US dollars in aid within the framework of the National Indicative Programme (NIP), a EU special envoy in the Great Lakes region has confirmed in Kinshasa. Full text...

  • South Africa's Cape Town prepares for bumper holiday season
    20 december 2001 10:34:00
    Cape Town- South Africa (PANA) -- Cape Town's population of 3. Full text...

  • COMESA GDP to fall below three percent due to US attacks
    20 december 2001 09:11:00
    Lusaka- Zambia (PANA) -- Growth of the real Gross Domestic Product (GDP) in the Common Market for Eastern and Southern Africa region is to fall below three percent in 2001 as a direct result of 11 September attacks in the US, an official has said. Full text...

  • US provides one million dollars for Zambian refugees
    20 december 2001 08:38:00
    Lusaka- Zambia (PANA) -- The US has contributed one million US dollars to the UN World Food Programme (WFP) to enable it buy food for a growing number of refugees in Zambia. Full text...

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