Economy -
  • WFP appeals for $18 million to feed hungry Zambians
    16 november 2001 21:59:00
    Lusaka- Zambia (PANA) -- The UN World Food Programme (WFP) has made an urgent appeal for 18 million US dollars to feed 1. Full text...

  • Zambia's kwacha currency continues to weaken
    16 november 2001 21:37:00
    Lusaka- Zambia (PANA) -- The Zambian currency, the kwacha, continued to weaken Friday and reached an all time low for almost a year when it exchanged for more than 4,000 units to the US dollar. Full text...

  • NSE Equities Daily Trading
    16 november 2001 21:07:00
    Lagos- Nigeria (PANA) -- A total of 19. Full text...

  • Botswana's taxpayers to finance multi-million dollar project
    16 november 2001 20:44:00
    Gaborone- Botswana (PANA) -- Botswana taxpayers, will for the next 10-15 years, finance a controversial pula 800 million (128 million US dollars) office project, under a proposed tax agreement that will allow tenants to write off double their rent against tax. Full text...

  • Botswana's investment promoter helps create 16,000 jobs
    16 november 2001 20:28:00
    Gaborone- Botswana (PANA) -- The Botswana Export Development Investment (BIDEA), the company charged with the responsibility of attracting investment into the country and the marketing of its exports, attracted pula 100 million in domestic and foreign direct investment (FDI) into the country for the financial year ending March 31,2001. Full text...

  • Reunion gains $3.5 million dollars in wealth tax
    16 november 2001 14:44:00
    Saint Denis- Reunion (PANA) -- The payment of wealth tax by some 647 persons in Reunion this year rose by 15 percent above that of 2000, according to the national statistics and economic studies institute in Saint-Denis. Full text...

  • Reunion gains $3.5 million dollars in wealth
    16 november 2001 14:43:00
    Saint Denis- Reunion (PANA) -- The payment of wealth tax by some 647 persons in Reunion this year rose by 15 percent above that of 2000, according to the national statistics and economic studies institute in Saint-Denis. Full text...

  • European fund allocates 25 billion euros to eastern Africa
    16 november 2001 14:40:00
    Paris- France (PANA) -- The European Development Fund has allocated 25. Full text...

  • Zimbabwe's inflation approaches 100 percent
    16 november 2001 09:44:00
    Harare- Zimbabwe (PANA) -- Year-on-year inflation in Zimbabwe leapt 11. Full text...

  • US lists Cape Verde among AGOA countries
    15 november 2001 23:52:00
    Praia- Cape Verde (PANA) -- Cape Verde features among 34 Sub- Saharan African countries cleared to benefit from the US African Growth and Opportunity Act (AGOA), official sources in Praia announced Thursday. Full text...

  • Bank of Namibia governor acknowledges challenges
    15 november 2001 23:23:00
    Windhoek- Namibia (PANA) -- In his annual luncheon address, Bank of Namibia Governor Tom Alweendo Thursday admitted that globalisation posed as many challenges as the opportunities it offered the Namibian financial sector. Full text...

  • Opposition Renamo provokes economic questions in parliament
    15 november 2001 23:06:00
    Maputo- Mozambique (PANA) -- If the former rebel movement Renamo were to win power in Mozambique, it would forbid peasants from selling their crops to foreigners, and would dictate the level of wages in private companies. Full text...

  • Mozambican court ruling violates transport agreements
    15 november 2001 22:44:00
    Maputo- Mozambique (PANA) -- A Mozambican court sitting in Maputo has flagrantly violated transport agreements between Mozambique and neighbouring countries by barring South African and Swazi operators from using a bus terminal in central Maputo. Full text...

  • European Commission introduces Euro currency to Namibians
    15 november 2001 21:55:00
    Windhoek- Namibia (PANA) -- The European Commission Thursday introduced its Euro currency to Namibians less than two months before it goes into full circulation on 1 January 2002 in most European Union countries. Full text...

  • UNDP props up community development projects in Burundi
    15 november 2001 21:03:00
    Dakar- Senegal (PANA) -- The UN Development Programme (UNDP) and the Government of Burundi have launched three community development projects costing 1. Full text...

  • London court orders Canadian firm to pay Zambia $6 million
    15 november 2001 21:00:00
    Lusaka- Zambia (PANA) -- The London Court of International Arbitration has ordered Carlington Sales Company of Canada to pay Zambia's Food Reserve Agency (FRA) in Zambia six million US dollars with an eight percent interest as money owed to FRA for failing to deliver 50,000 metric tonnes of maize to the agency. Full text...

  • Mauritius raises price of cooking gas
    15 november 2001 20:03:00
    Port Louis- Mauritius (PANA) -- The price of cooking gas has been increased by six percent in Mauritius, an official of the Commerce Ministry announced Thursday. Full text...

  • World Bank Vice-President visits Bujumbura
    15 november 2001 19:50:00
    Bujumbura- Burundi (PANA) -- World Bank Vice-President for Africa, Callisto Madavo arrived in Bujumbura Thursday on a day's working visit to Burundi. Full text...

  • Cape Verde asks partners to keep up development aid
    15 november 2001 17:50:00
    Praia- Cape Verde (PANA) -- The Cape Verdean government has embarked on a diplomatic effort to convince its major partners to maintain the level of their development aid to the islands, official sources said Thursday in Praia. Full text...

  • Tax defaulters owe Kenya 940 million US dollars
    15 november 2001 17:45:00
    Nairobi- Kenya (PANA) -- Kenya's finance minister Chris Okemo on Thursday rejected a call for amnesty for defaulters who owed the government more than 940 million US dollars in tax arrears as at the end of the 1999/2000 financial year. Full text...

  • Cameroon to launch national stock exchange
    15 november 2001 16:33:00
    Douala- Cameroon (PANA) -- Economic operators in Cameroon are due to hold a constituent general assembly of the proposed Douala Stock Exchange on 30 November, a source close to the Economy and Finance Ministry has said. Full text...

  • Kenyan minister rules out printing election cash
    15 november 2001 16:16:00
    Nairobi- Kenya (PANA) -- Kenya's Finance Minister Chris Okemo Thursday refuted claims that the government intended to print money to aid the ruling party's election campaigns in the 2002 polls. Full text...

  • Tanzania plans review of taxes to woo investors
    15 november 2001 16:05:00
    Dar es Salaam- Tanzania (PANA) -- Tanzania plans to review its existing tax regime to remove loopholes that enable businessmen to evade paying tax and those that scare away potential investors. Full text...

  • Libya's African unity ministry monitors investments in Africa
    15 november 2001 15:47:00
    Tripoli- Libya (PANA) -- Libya's African Unity ministry on Tuesday held a meeting during which an inventory of the country's co-operation and investment programmes in Africa was made, an official source said in Tripoli Thursday. Full text...

  • Rwanda organises poverty reduction conference
    15 november 2001 15:17:00
    Kigali- Rwanda (PANA) -- A three-day donors conference is underway in Kigali to mobilise funds for Rwanda's national poverty alleviation programme, officials sources reported. Full text...

  • Cameroonian traders panic as govt verifies weighing instruments
    15 november 2001 14:18:00
    Douala- Cameroon (PANA) -- Cameroonian traders, including managers of petrol stations, are in a state of panic since the ministry of finance started checking the authenticity of weighing and measurement instruments more than a month ago. Full text...

  • Zimbabwe wants $4.5 billion-dollar external debt deferred
    15 november 2001 11:57:00
    Harare- Zimbabwe (PANA) -- Finance Minister Simba Makoni Thursday said Zimbabwe would ask external creditors for a re-scheduling of its debt which Harare fails to repay due to the shortage of foreign currency. Full text...

  • South African Airways launches lie-flat seats
    15 november 2001 08:55:00
    Cape Town- South Africa (PANA) -- South African Airways has unveiled its latest state-of-the-art product: lie-flat seats for travellers on its 747 jets. Full text...

  • South Africa's top entrepreneur joins elite in California
    15 november 2001 08:20:00
    Cape Town- South Africa (PANA) -- Mark Lamberti, South Africa's Best Entrepreneur for 2001, left for the US Wednesday night to represent the country at the International Entrepreneur of the Year Conference in Palm Springs, California. Full text...

  • Nigerian external debt stands at 28.6 billion US dollars
    14 november 2001 16:09:00
    Lagos- Nigeria (PANA) -- Nigerian authorities have said the country's external debt at 28. Full text...

  • Mauritian group makes 59.5 million rupees in profit
    14 november 2001 16:00:00
    Port Louis- Mauritius (PANA) -- Mauritian industrial group Phoenix Camp Minerals Ltd announced on Tuesday profits of 59. Full text...

  • Mauritius earns $2.7 million surplus in tourism
    14 november 2001 15:47:00
    Port Louis- Mauritius (PANA) -- Tourist earnings in Mauritius rose from 10. Full text...

  • Executives urge Africa to revisit development strategies
    14 november 2001 15:34:00
    Dakar- Senegal (PANA) -- The Organisation of African Unity (OAU), the Economic Commission for Africa (ECA) and the UN Industrial Development Organisation (UNIDO) are urging Africa to urgently to review its economic and social development strategies. Full text...

  • Call to save African cotton industry
    14 november 2001 11:13:00
    Linkering- Senegal (PANA) -- African cotton producing companies should get organised to save the industry, Ahmed Bachir Diop, managing director of the Senegalese Textile Development Company (SODEFITEX), said Tuesday in Linkering, 360 km east of Dakar. Full text...

  • Mining company reports three million dollar loss
    14 november 2001 09:41:00
    Lusaka- Zambia (PANA) -- A Zambian copper and cobalt mining company, First Quantum Minerals Limited, has posted a 3. Full text...

  • French grant for revival of fire brigades in Congo
    14 november 2001 09:22:00
    Brazzaville- Congo (PANA) -- France will provide a 10 million dollars (7. Full text...

  • Few South Africans travelling abroad
    14 november 2001 09:04:00
    Cape Town- South Africa (PANA) -- Airline ticket sales in South Africa have dropped by 30 percent since the September 11 terrorist attacks on the United States, according to the Association of South African Travel Agents (ASATA). Full text...

  • South African bank warns of negative impact with declining rand
    14 november 2001 08:41:00
    Cape Town- South Africa (PANA) -- South Africa's leading banking group, ABSA, says while a weak rand has positive effects on the economy, significant negative effects may weigh on the country's performance. Full text...

  • Ethiopia to Receive $1.3 Billion Debt Relief
    14 november 2001 08:21:00
    New York- US (PANA) -- Ethiopia will receive a debt relief to the tune of 1. Full text...

  • Cameroon's National Insurance firm changes name
    13 november 2001 23:59:00
    Douala- Cameroon (PANA) -- Cameroon's pioneer National Insurance Company (CNA), has changed its name to "Citoyenne Assurances," the General Manager Protais Ayangma Amang, announced Tuesday. Full text...

  • Ethiopia loses 82 million dollars to illegal livestock trade
    13 november 2001 23:11:00
    Addis Ababa- Ethiopia (PANA) -- Ethiopia loses 82 million US dollars annually to illegal trade in livestock, hides and skin, the National Livestock Marketing Authority announced Tuesday. Full text...

  • Tunis hosts meeting on water pricing
    13 november 2001 23:09:00
    Tunis- Tunisia (PANA) -- A meeting on "the management of costs and pricing in the water and sanitation sector" is underway in Tunis at the initiative of the African Water Distributors' Union (UADE), in cooperation with the Tunisian National Water Company (SONEDE). Full text...

  • Congo drags feet over privatisation scheme
    13 november 2001 23:04:00
    Brazzaville- Congo (PANA) -- The privatisation of public companies in Congo is well behind schedule, particularly regarding State companies requiring overhaul prior to being put on sale, a senior Congolese civil servant told PANA. Full text...

  • West African bourse, CFI TV sign broadcasting deal
    13 november 2001 22:53:00
    Abidjan- Côte d'Ivoire (PANA) -- Transactions at Abidjan's Regional Stock Exchange (BRVM), will now feature on French Television Canal France International (CFI-TV), under a partnership agreement. Full text...

  • World Bank, IMF find Ethiopia ripe for HIPC scheme
    13 november 2001 22:36:00
    Addis Ababa- Ethiopia (PANA) -- The World Bank and IMF have acknowledged that Ethiopia has undergone steps necessary to reach the Decision Point under the Heavily Indebted Poor Countries (HIPC) initiative, hence making it the 24th country to qualify for debt relief under the scheme. Full text...

  • Mozambique Govt to sell its shares in brewery
    13 november 2001 21:59:00
    Maputo- Mozambique (PANA) -- The Mozambican government intends to sell off most of the shares it holds in the brewing company CDM (Cervejas de Mozambique or Beers of Mozambique) by the end of the year, according to Jussub Nurmamade, the chairman of the Mozambican Stock Exchange (BVM). Full text...

  • Lean times for Tanzania's economy, says central bank
    13 november 2001 21:19:00
    Dar es Salaam- Tanzania (PANA) -- Tanzania's economic outlook for 2001 has suffered adversely as a result of the 11 September terrorist attacks in the US, the country's central bank governor, Daudi Ballali, said ending weeks of feverish speculation on the issue. Full text...

  • Africa should get its own way at WTO meet - Expert
    13 november 2001 21:02:00
    Paris- France (PANA) -- What mattered for Africa at the end of the World Trade Organisation talks in Doha, Qatar was what concessions the continent's representatives as well as those from other developing countries would be able to "wring out" of the developed countries. Full text...

  • Leading tour operator focuses on South Africa
    13 november 2001 20:58:00
    Cape Town- South Africa (PANA) -- TUI, the largest tour operator and tourism wholesaler world-wide, has for the first time launched its new travel brochures for the 2002 summer season outside of Germany. Full text...

  • Police cracks down on Addis illegal money transfer Centres
    13 november 2001 20:46:00
    Addis Ababa- Ethiopia (PANA) -- Ethiopian police are sealing suspected illegal money transfer (Hawala) Centres in Addis Ababa, in an operation that started Monday, eyewitnesses said. Full text...

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