Economy -
  • Botswana: Lucara to sell 12 exceptional diamonds
    04 october 2016 09:17:09
    Gaborone, Botswana (PANA) – Canadian diamond miner, Lucara Diamond, developers of Karowe Mine in Botswana, has announced plans to sell 12 exceptional diamonds with a combined weight of approximately 1,100 carats. Full text...

  • Botswana: South African Rand gained against Pula in September
    04 october 2016 07:52:38
    Gaborone, Botswana (PANA) – Botswana’s currency, the Pula, last month depreciated against South Africa’s Rand by 3.5 percent, a statement from the reserve bank of Botswana said on Tuesday. Full text...

  • Gambia: Tuesday's forex rates for the Gambian Dalasi
    04 october 2016 06:20:12
    Banjul, Gambia (PANA) – The following are Tuesday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Ghana: Tuesday's exchange rates for Ghana cedi
    04 october 2016 06:01:16
    Accra, Ghana (PANA) - The following are Tuesday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Botswana: Motor industry soars in Botswana
    03 october 2016 19:21:52
    Gaborone, Botswana (PANA) - Botswana’s motor vehicle industry is growing gradually, the country’s data authority, Statistics Botswana (SB) disclosed Monday in a quarterly report, indicating that the number of vehicles increased at an average rate of 9.4 percent for the past 10 years. Full text...

  • Rwanda: Rwanda's trade records 2.5 percent rise in Q2 of 2016
    03 october 2016 19:07:22
    Kigali, Rwanda (PANA) - Rwanda’s trade volume registered a 2.59 per cent increase in the second quarter of 2016, amounting to US$ 626.53 million, compared to the previous quarter, the National institute of Statistics said in a statement issued Monday in Kigali. Full text...

  • UN: UN, AU, African govts to foster partnerships for continental growth
    03 october 2016 17:55:45
    New York, US (PANA) - The UN will next week hold a four-day conference in New York to foster partnerships between the UN and the African Union (AU), and with African governments to enhance sustainable development, good governance, peace and stability in Africa. Full text...

  • Mauritius: Monday's forex rates for Mauritian Rupee
    03 october 2016 11:26:24
    Port-Louis, Mauritius (PANA) – Following are Monday's foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Rwanda: Monday's exchange rates for Rwandan franc
    03 october 2016 08:56:12
    Kigali, Rwanda (PANA) - The following are Monday's foreign exchange rates for the Rwandan Franc as issued by the National Bank of Rwanda. Full text...

  • Senegal: Monday's forex rates for the Gambian Dalasi
    03 october 2016 06:37:55
    Dakar, Senegal (PANA) – The following are Monday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Ghana: Monday's exchange rates for Ghana cedi
    03 october 2016 05:44:27
    Accra, Ghana (PANA) - The following are Monday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Senegal: Saturday's forex rates for the Gambian Dalasi
    01 october 2016 06:18:40
    Dakar, Senegal (PANA) – The following are Saturday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • US: IMF launches new SDR basket including Chinese Renminbi
    30 september 2016 20:01:25
    Washington, DC, US (PANA) - The International Monetary Fund (IMF) on Friday announced the launch of the new Special Drawing Right (SDR) valuation basket including the Chinese renminbi (RMB), and the new currency amounts that will determine the value of the SDR during the new valuation period. Full text...

  • Mauritius: Friday's forex rates for Rupee
    30 september 2016 15:33:10
    Port-Louis, Mauritius (PANA) – Following are Friday's foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Côte d’Ivoire: Ivorian authorities, IMF in talks on proposed economic programme
    30 september 2016 10:10:57
    Abidjan, Côte d’Ivoire (PANA) – Authorities in Côte d’Ivoire and the International Monetary Fund (IMF) have agreed to continue discussions in the weeks ahead on the fiscal path and the financing modalities of a new three-year economic programme that could be supported by the IMF through arrangements under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF). Full text...

  • Ghana: IMF approves US$116.2 million credit to prop Ghana’s economic stability
    30 september 2016 08:37:24
    Accra, Ghana (PANA) – Ghana is set to benefit from a disbursement of about US$116.2 million, bringing total disbursements under the arrangement to SDR 332.1 million (about US$464.6 million). Full text...

  • Senegal: Friday's forex rates for the Gambian Dalasi
    30 september 2016 06:45:39
    Dakar, Senegal (PANA) – The following are Friday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd. Full text...

  • Ghana: Friday's exchange rates for Ghana cedi
    30 september 2016 05:07:45
    Accra, Ghana (PANA) - The following are Friday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Mozambique: IMF team finds Mozambique in challenging economic situation
    29 september 2016 19:28:29
    Maputo, Mozambique (PANA) - Mozambique faces a challenging economic environment, with its growth on a declining path and inflation having risen sharply to 21 percent on a year-on-year basis in August, a staff team of the International Monetary Fund (IMF) disclosed Thursday at the conclusion of an eight-day visit to the country. Full text...

  • Mauritius: Bank of China starts operation in Mauritius
    29 september 2016 18:34:41
    Port-Louis, Mauritius (PANA) – The Bank of China on Thursday started operation in Mauritius after obtaining an official licence on 18 March 2016 to undertake banking business in the island. Full text...

  • UN: WTO stresses need for accessible tourism
    29 september 2016 14:40:49
    New York, US (PANA) - The Secretary-General of the UN World Tourism Organization (WTO), Mr. Taleb Rifai, has stressed the need for the tourism sector to be more accessible for people with disabilities, old persons and families. Full text...

  • Burkina Faso : 11th int'l tourism, hotel industry fair opens in Ouagadougou
    29 september 2016 14:25:13
    Ouagadougou, Burkina Faso (PANA) – The 11th edition of the international tourism and hotel industry fair of Ouagadougou (SITHO) opened here on Thursday on the theme: "Practice of tourism and education" organisers told PANA. Full text...

  • Mauritania: Thursday's exchange rates for the Ouguiya
    29 september 2016 14:13:33
    Nouakchott, Mauritania (PANA) – Following are Thursday's exchange rates for the Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Mauritius: Thursday's forex rates for Rupee
    29 september 2016 14:10:08
    Port-Louis, Mauritius (PANA) – Following are Thursday's foreign exchange rates for the Rupee, as issued by the Commercial bank of Mauritius. Full text...

  • US: UN spotlights role of maritime transport as backbone of global economy
    29 september 2016 14:05:58
    New York, US (PANA) – The importance of shipping in supporting and sustaining today's global society makes it indispensable to the world and to meeting the challenges of the sustainable development agenda, top UN officials declared Thursday, as the international community marked the World Maritime Day. Full text...

  • Ethiopia: ECA Executive Secretary Carlos Lopes steps down
    29 september 2016 10:11:26
    Addis Ababa, Ethiopia (PANA) - The UN Economic Commission for Africa (ECA) Executive Secretary Carlos Lopes has stepped down after serving four years at the helm of the organisation tasked with championing economic development in Africa, his office said on Thursday. Full text...

  • Mali: IMF says fragile security threatens Mali's robust growth
    29 september 2016 08:38:15
    Bamako, Mali (PANA) - Mali’s economy continues to grow at a strong pace, with a projected GDP growth of 5.4 percent for 2016, according to an International Monetary Fund (IMF) staff team that has just concluded its visit to the West African country. Full text...

  • Senegal: Thursday's forex rates for the Gambian Dalasi
    29 september 2016 06:26:04
    Dakar, Senegal (PANA) – The following are Thursday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Ghana: Thursday's exchange rates for Ghana cedi
    29 september 2016 05:04:24
    Accra, Ghana (PANA) - The following are Thursday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Tanzania: President Magufuli inaugurates new planes of Air Tanzania
    28 september 2016 19:57:23
    Dar es Salaam, Tanzania (PANA) - Tanzanian President John Pombe Magufuli on Wednesday inaugurated two new passenger aircraft of Bombardier Dash 8 Q400 type, which his government purchased from Canada for use by Air Tanzania Company (ATCL). Full text...

  • São Tomé and Príncipe: Inflationary pressure compounds supply constraints in São Tomé and Príncipe
    28 september 2016 17:55:23
    São Tomé, São Tomé and Príncipe (PANA) - Delays in external financing ahead of the July 2016 presidential election and the run-off in August 2016, impacted negatively on the execution of externally-financed investment projects, supply constraints resulting from ongoing pressures on foreign exchange supply, and lackluster credit growth in São Tomé and Príncipe, according to staff of the International Monetary Fund (IMF). Full text...

  • Kenya: Kenya ratifies EPA to continue key flower exports to EU
    28 september 2016 17:14:36
    Nairobi, Kenya (PANA) - Kenya has ratified an international trade agreement with the European Union (EU) despite the opposition to the deal by some East African states, paving the way for continued trade with Brussels, the country's foreign minister said Wednesday. Full text...

  • Mauritania: Wednesday's forex rates for Ouguiya
    28 september 2016 14:39:45
    Nouakchott, Mauritania (PANA) – Following are Wednesday's foreign exchange rates for the Ouguiya, as issued by the Central Bank of Mauritania (BCM). Full text...

  • Gabon: Wednesday's exchange rates for CFA Franc in Central Africa
    28 september 2016 10:19:22
    Libreville, Gabon (PANA) – Following are Wednesday's exchange rates for the CFA Franc, as issued by the Bank of Central African States (BEAC). Full text...

  • Mauritius: Wednesday's forex rates for Rupee
    28 september 2016 08:37:18
    Port-Louis, Mauritius (PANA) – Following are Wednesday's foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Senegal: Wednesday's forex rates for the Gambian Dalasi
    28 september 2016 06:43:00
    Dakar, Senegal (PANA) – The following are Wednesday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Ghana: Wednesday's exchange rates for Ghana cedi
    28 september 2016 05:39:36
    Accra, Ghana (PANA) - The following are Wednesday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • UN: African island nations harness 'blue' economy for development
    27 september 2016 13:40:13
    New York, US (PANA) - Addressing the UN General Assembly in New York, two small island nations in Africa have stressed that among the many challenges they face, harnessing the transformative power of the seas and building the ocean-based economy are of fundamental importance for their countries’ survival and sustainable growth. Full text...

  • Mauritania: Tuesday's forex rates for Ouguiya
    27 september 2016 10:00:52
    Nouakchott, Mauritania (PANA) – Following are Tuesday's exchange rates for the Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Mauritius: Tuesday's forex rates for Mauritian Rupee
    27 september 2016 08:19:48
    Port-Louis, Mauritius (PANA) – Following are Tuesday's foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Senegal: Tuesday's forex rates for the Gambian Dalasi
    27 september 2016 06:27:34
    Dakar, Senegal (PANA) – The following are Tuesday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Ghana: Tuesday's exchange rates for Ghana cedi
    27 september 2016 05:49:58
    Accra, Ghana (PANA) - The following are Tuesday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Nigeria: AfDB to give Nigeria US$10 billion cumulative loans, investments to fight recession
    26 september 2016 18:29:52
    Abuja, Nigeria (PANA) – In a bid to help Nigeria out of its recession, the African Development Bank (AfDB) has offered the West African country an immediate grant of US$1billion as budget support, cumulative loans and financial investments of US$10 billion between now and 2019. Full text...

  • Nigeria: Nigeria will fulfil obligations to ECOWAS Bank depite ... - says Buhari
    26 september 2016 18:15:05
    Abuja, Nigeria (PANA) – Despite the economic downturn, caused largely by fallen prices of oil in the international market, President Muhammadu Buhari on Monday said that Nigeria will fulfill its obligations to the ECOWAS Bank for Investment and Development (EBID). Full text...

  • Sudan: BADEA Board to approve new budget for sub-Saharan Africa
    26 september 2016 11:00:00
    Khartoum, Sudan (PANA) - The Khartoum-based Arab Bank for Economic Development in Africa (BADEA) is meeting this week to decide on a new budget for its sub-Sahara African clients. Full text...

  • Rwanda: Monday's exchange rates for Rwandan franc
    26 september 2016 08:04:50
    Kigali, Rwanda (PANA) - The following are Monday's foreign exchange rates for the Rwandan Franc as issued by the National Bank of Rwanda. Full text...

  • Senegal: Monday's forex rates for the Gambian Dalasi
    26 september 2016 06:40:07
    Dakar, Senegal (PANA) – The following are Monday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia ltd: Full text...

  • Ghana: Monday's exchange rates for Ghana cedi
    26 september 2016 05:49:58
    Accra, Ghana (PANA) - The following are Monday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • US: American, African trade officials hold talks on AGOA
    23 september 2016 15:19:10
    New York, US (PANA) - Senior American and African trade officials will meet next week in Washington DC, US, for the 2016 Africa Growth and Opportunity Act (AGOA) Forum, which serves as an annual event to review and discuss ways of enhancing trade and investment between US and African markets. Full text...

  • Mauritania: Friday's forex rates for Ouguiya
    23 september 2016 15:13:21
    Nouakchott, Mauritania (PANA) – Following are Friday's exchange rates for the Ouguiya, as issued by the Central Bank of Mauritania. Full text...

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