Economy -
  • Senegal: Friday's forex rates for the Gambian Dalasis
    18 december 2015 07:45:51
    Dakar, Senegal (PANA) – The following are Friday’s exchange rates for the Gambian currency, the Dalasis (D) as published by Trust Bank Gambia Ltd: Full text...

  • Tanzania: Friday's exchange rates for Tanzania Shilling
    18 december 2015 06:02:08
    Dar es Salaam, Tanzania (PANA) - The following are Friday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • Ghana: Friday's exchange rates for Ghana cedi
    18 december 2015 05:42:20
    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...

  • Egypt: Afreximbank to push financing opportunities for Ethiopian businesses
    17 december 2015 23:56:39
    Cairo, Egypt (PANA) - The African Export-Import Bank (Afreximbank) plans to hold a business forum in the Ethiopian capital city of Addis Ababa on 21 Dec. 2015 to expand awareness of its trade finance facilities and engage with the Ethiopian business community, the Bank said. Full text...

  • Egypt: AfDB, Egypt sign two loan agreements
    17 december 2015 22:41:30
    Cairo, Egypt (PANA) - Egyptian Prime Minister Cherif Ismaël on Thursday in Cairo presided the signing of an agreement between the Egyptian Ministry of International Cooperation and the board of the directors of the African Development Bank (AfDB), at the end of which the bank granted Egypt two loans. Full text...

  • South Africa: South Africa's MTN to fight Nigerian fine in court
    17 december 2015 17:19:46
    Cape Town, South Africa (PANA) - South African phone giant MTN on Thursday said it will challenge a record US$3.9 billion Nigerian fine in court, after resolving that the penalty that shredded the company’s value wasn’t within the powers of that country’s telecommunications regulator to impose. Full text...

  • Kenya: Trade ministers making steady progress at WTO conference in Nairobi
    17 december 2015 16:40:53
    Nairobi, Kenya (PANA) -Trade ministers from 163 countries are making steady progress in overcoming a deadlock which threatened to stall the talks on a fair global trading arrangement at the ongoing World Trade Organisation's conference in Nairobi, PANA reported Thursday. Full text...

  • Togo: WADB to give 1,500 billion CFAF loans over next five years
    17 december 2015 09:12:13
    Lomé, Togo (PANA) – The West African Development Bank (WADB) will over the next five years grant medium- and long-term loans totalling 1,500 billion CFAF for various projects in the sub-region. Full text...

  • Mauritius: Thursday's forex rates for Rupee
    17 december 2015 08:59:08
    Port-Louis, Mauritius (PANA) – The following are Thursday's exchange rates for the Mauritian rupee as issued by the Commercial Bank of Mauritius. Full text...

  • Tanzania: Good farming season, construction activity enliven Morocco's growth
    17 december 2015 07:02:37
    Dar es Salaam, Tanzania (PANA) - After declining to 2.4 percent in 2014, Morocco's growth is expected to recover to 4.7 percent in 2015, thanks to a good agricultural season and improvements in construction activity, the International Monetary Fund (IMF) said on Thursday, noting that the country's macroeconomic situation continues to improve. Full text...

  • Gambia: Thursday's exchange rates for Gambian Dalasis
    17 december 2015 05:56:01
    Banjul, Gambia (PANA) - The following are Thursday's exchange rates for the Gambian currency, Dalasis, as issued by the Central Bank of The Gambia. Full text...

  • Tanzania: Thursday's exchange rates for Tanzania Shilling
    17 december 2015 05:52:38
    Dar es Salaam, Tanzania (PANA) - The following are Thursday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • Ghana: Thursday's exchange rates for Ghana cedi
    17 december 2015 05:29:55
    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...

  • UN: New ILO figures show 150 million migrants in the global workforce
    17 december 2015 05:29:10
    Geneva, Switzerland (PANA) - Migrant workers account for 150.3 million of the world’s approximately 232 million international migrants, according to a new study by the International Labour Organization (ILO). Full text...

  • Tanzania: IMF mission finds Mauritian economy growing at 'respectable rate'
    16 december 2015 19:06:22
    Dar es Salaam, Tanzania (PANA) - Despite some difficult domestic developments and the volatility affecting other emerging and frontier markets the Mauritian economy has remained resilient in 2015, according to an International Monetary Fund (IMF) mission that Wednesday concluded a two-week visit to Port Louis, the island's capital. Full text...

  • Kenya: African cotton producers declare WTO trade dispute
    16 december 2015 18:34:15
    Nairobi, Kenya (PANA) - African trade ministers have declared plans to present a challenge to the U.S. cotton subsidies at the trade dispute resolution court in January 2016, if a new deal on removing financial support to producers of cotton in the U.S. and other rich countries is not signed in Nairobi. Full text...

  • Tanzania: IMF says 'Kenya's economy expanding robustly'
    16 december 2015 18:21:47
    Dar es Salaam, Tanzania (PANA) - Driven by public infrastructure spending, buoyant credit growth, and strong consumer demand, Kenya's economy is projected to continue to expand robustly, although at a slower-than-projected pace while real GDP is projected to grow by 5.6 percent in 2015, a team from the International Monetary Fund (IMF) said Wednesday. Full text...

  • Zambia: Zambian mining industry seeks ‘strategic consensus’ for economic growth
    16 december 2015 16:24:57
    Lusaka, Zambia (PANA) - Reeling from the worst crisis it has faced this century, and losing millions of dollars a month in a depressed copper-price environment, the Zambian mining industry is pushing for a long-term strategic consensus to promote the growth not just of the mining industry, but of the entire country. Full text...

  • Tanzania: Liquid Telecom to link Africa to Middle East with submarine cables
    16 december 2015 14:07:34
    Dar es Salaam, Tanzania (PANA) - Liquid Sea, a wholly-owned subsidiary of Liquid Telecom, has started a project to build a new sub-sea cable linking Africa to the Middle East with onwards connectivity to Europe. Full text...

  • Rwanda: Wednesday's forex rates for Rwandan Franc
    16 december 2015 14:03:09
    Kigali, Rwanda (PANA) - The following are Wednesday's foreign exchange rates for the Rwandan Franc, as issued by the National Bank of Rwanda. Full text...

  • Tanzania: Vodafone launches M-Pesa in Ghana
    16 december 2015 11:21:28
    Dar es Salaam, Tanzania (PANA) - Worldwide provider of mobile telecommunications Vodafone has extended M-Pesa to Ghana, the 11th Vodafone market across Africa, Asia and Europe to benefit from the mobile money transfer service. Full text...

  • Kenya: ACP states call for 'development-centred outcome' at WTO meeting
    16 december 2015 11:18:09
    Nairobi, Kenya (PANA) - Ministers responsible for Trade of the African, Caribbean, Pacific (ACP) Group of States have emphasized the importance of securing a development centred outcome at the Nairobi Tenth Ministerial Conference of the World Trade Organisation (WTO). Full text...

  • Senegal: Wednesday's forex rates for Gambian Dalasis
    16 december 2015 10:17:55
    Dakar, Senegal (PANA) – The following are Wednesday’s exchange rates for the Gambian currency, the Dalasis (D), as published by Trust Bank Gambia Ltd: Full text...

  • Gabon: Wednesday's forex rates for CFAF in Central Africa
    16 december 2015 09:29:45
    Libreville, Gabon (PANA) – The following are Wednesday's exchange rates for the CFA franc in Central Africa as announced by the Bank of Central African States (BEAC). Full text...

  • Mauritius: Wednesday's forex rates for Rupee
    16 december 2015 08:43:21
    Port-Louis, Mauritius (PANA) – The following are Wednesday's exchange rates for the Mauritian rupee as issued by the Commercial Bank of Mauritius. Full text...

  • Tanzania: IMF considers credit facility to shore up Guinea
    16 december 2015 06:42:22
    Dar es Salaam, Tanzania (PANA) - Moving unsteadily from two major adverse shocks, which have exacted a heavy toll on its economy and living conditions, Guinea looks forward to a disbursement of US$25.6 million support from the Extended Credit Facility (ECF) of the International Monetary Fund (IMF) to prop up its economic prospects. Full text...

  • Tanzania: Wednesday's exchange rates for Tanzania Shilling
    16 december 2015 06:00:29
    Dar es Salaam, Tanzania (PANA) - The following are Wednesday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • Ghana: Wednesday's exchange rates for Ghana cedi
    16 december 2015 05:49:52
    Accra, Ghana (PANA) - The following are Wednesday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Tanzania: IMF Board says Senegal's economic outlook is favourable
    15 december 2015 19:32:48
    Dar es Salaam, Tanzania (PANA) - Senegal's macroeconomic outlook remains favourable insofar as reforms are accelerated to open up economic space, particularly to small and medium enterprises (SMEs) and foreign direct investment (FDI), the Executive Board of the International Monetary Fund (IMF said Tuesday. Full text...

  • Tanzania: ITC. EAC launch project to boost intra-African trade
    15 december 2015 18:19:48
    Dar es Salaam, Tanzania (PANA) – The International Trade Centre (ITC) and the East African Community (EAC) Tuesday announced that they were jointly launching a regional project to boost intra-African trade. Full text...

  • Kenya: President Johnson-Sirleaf celebrates Liberia's accession to WTO
    15 december 2015 17:58:02
    Nairobi, Kenya (PANA) - Liberian President Ellen Johnson-Sirleaf said Tuesday the admission of her country into the World Trade Organisation (WTO) would open the West African nation to a new “milestone” in the global trade arena. Full text...

  • Kenya: Africa keeps off WTO’s revised government procurement treaty
    15 december 2015 17:44:16
    Nairobi, Kenya (PANA) - African countries, except Cameroon and Seychelles, stayed away from a new agreement to open up government procurement reached Tuesday at the World Trade Organization (WTO) Ministerial Conference in Nairobi. Full text...

  • Kenya: WTO Ministerial Conference opens amid stalemate over subsidized exports
    15 december 2015 17:30:48
    Nairobi, Kenya (PANA) -Trade talks between the rich and the poor countries officially opened in Nairobi on Tuesday amid fresh fears a 14-yearlong deadlock could lead to a permanent breakdown of the talks. Full text...

  • Tanzania: EU underlines its commitment to strong multilateral trading system
    15 december 2015 16:25:57
    Dar es Salaam, Tanzania (PANA) - Reiterating its full commitment to a strong, rules-based multilateral trading system, the European Council Tuesday called on all World Trade Organization (WTO) members to concentrate on issues that are realistically achievable during the ongoing conference in Nairobi, Kenya. Full text...

  • Senegal: Tuesday's forex rates for the Gambian Dalasis
    15 december 2015 10:34:51
    Dakar, Senegal (PANA) – The following are Tuesday’s exchange rates for the Gambian currency, the Dalasis (D), as published by Trust Bank Gambia Ltd: Full text...

  • Mauritius: Tuesday's forex rates for Rupee
    15 december 2015 10:32:11
    Port-Louis, Mauritius (PANA) – The following are Tuesday's exchange rates for the Mauritian rupee as issued by the Commercial Bank of Mauritius. Full text...

  • Rwanda: Tuesday's exchange rates for Rwandan Franc
    15 december 2015 09:29:28
    Kigali, Rwanda (PANA) - The following are Tuesday's exchange rates for the Rwandan Franc as issued by the National Bank of Rwanda. Full text...

  • Tanzania: Malawi makes slow upturn amid downside risks
    15 december 2015 08:52:38
    Dar es Salaam, Tanzania (PANA) – Malawi’s economic outlook ass greatly improved, thanks to transformed policy environment and bold reforms undertaken in mid-2012, the International Monetary Fund (IMF) has observed. Full text...

  • Tanzania: IMF approves US$28.7m credit facility for debt distressed Chad
    15 december 2015 08:46:50
    Dar es Salaam, Tanzania (PANA) - The Executive Board of the International Monetary Fund (IMF) has completed the second review of Chad’s economic performance under the programme supported by an Extended Credit Facility (ECF) arrangement and approved immediate disbursement of US$28.7 million under the same arrangement to the landlocked North-Central African country. Full text...

  • Tanzania: Tuesday's exchange rates for Tanzania Shilling
    15 december 2015 07:29:28
    Dar es Salaam, Tanzania (PANA) - The following are Tuesday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • Ghana: Tuesday's exchange rates for Ghana cedi
    15 december 2015 05:18:13
    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: Buhari promises fresh policy to enhance doing business in Nigeria
    14 december 2015 22:05:52
    Abuja, Nigeria (PANA) - Nigeria's President Muhammadu Buhari said Monday that his administration would soon introduce more policies to further ease the process of doing business in Nigeria. Full text...

  • Gambia: 'Gambia's economy remains strong'
    14 december 2015 20:48:34
    Banjul, Gambia (PANA) - The Gambia economy remains strong despite the recent Ebola outbreak and late rains last year, according to Minister of Finance and Economic Affairs Abdou Kolley. Full text...

  • Zambia: Zambia bans importation of ordinary bulbs
    14 december 2015 18:22:44
    Lusaka, Zambia (PANA) – In a bid to save energy, the Zambian government has banned the importation of incandescent (ordinary) bulbs with effect from 1 January 2016. Full text...

  • Kenya: Rich countries pledge US$90 million at WTO session to aid trade in poor countries
    14 december 2015 18:06:51
    Nairobi, Kenya (PANA) - Rich countries have pledged US$90 billion to finance aid-for-trade initiatives supporting efforts by 24 African states among the 48 poorest countries to boost international trade, PANA reported from Nairobi. Full text...

  • Kenya: Trade minister tells WTO prospects good for Nigerian economy
    14 december 2015 16:57:45
    Nairobi, Kenya (PANA) - Prospects of future economic growth for the Nigerian economy look better because of economic diversification supported by investments in key sectors such as telecommunication, the stock market and foreign investment flows, a Nigerian minister said here Monday. Full text...

  • US: Ethiopian Airlines launches flights to Durban
    14 december 2015 14:24:40
    New York, US (PANA) - Ethiopian Airlines Monday announced it will on 16 December launch a three times weekly flight between Addis Ababa and Durban, the airline’s third destination Full text...

  • Gabon: Monday's exchange rates for CFAF in Central Africa
    14 december 2015 12:25:08
    Libreville, Gabon (PANA) – The following are Monday's exchange rates of the CFA franc in Central Africa as announced by the Bank of Central African States (BEAC). Full text...

  • Ethiopia: New UN report urges govts to address challenges of new world of work
    14 december 2015 12:21:49
    Addis Ababa, Ethiopia (PANA) - Fast technological progress, deepening globalization, aging societies and environmental challenges are rapidly transforming what work means today and how it is performed, according to the 2015 Human Development Report. Full text...

  • BREAKING NEWS: West African states set for big win on cotton subsidies
    14 december 2015 12:10:25
    Nairobi, Kenya (PANA) - World Trade Organisation (WTO) Director-General Roberto Azevedo said on Monday a breakthrough on the removal of cotton subsidies affecting four West African cotton producers that has been in the works for close to a decade is on the verge of being concluded. Full text...

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