Economy -
  • Tanzania: Guinea-Bissau, IMF mission reach staff-level deal on financial assistance
    26 september 2014 08:17:18
    Dar es Salaam, Tanzania (PANA) - An International Monetary Fund (IMF) mission has reached agreement with the authorities of Guinea-Bissau on an emergency programme that could be supported by the Fund's Rapid Credit Facility (RCF) to the tune of SDR 3.55 million (about CFAF 2.7 billion or US$5.4 million), the IMF said Friday. Full text...

  • Ghana: Friday's exchange rates for Ghana cedi
    26 september 2014 07:42:25
    Accra, Ghana (PANA) - The following are Friday's average inter-bank exchange rates for the Ghana cedi, as announced by the Ghana Association of Bankers: Full text...

  • Tanzania: Friday's forex rates for Shilling
    26 september 2014 07:16:37
    Dar es Salaam, Tanzania (PANA) - Following are Friday's foreign exchange rates for the Tanzania Shilling, as issued by the Bank of Tanzania: Full text...

  • Nigeria: Thursday's foreign exchange rates in Nigeria
    25 september 2014 19:28:07
    Lagos, Nigeria (PANA) - Following are the latest exchange rates for the Nigerian currency,the Naira, as released by the Central Bank of Nigeria(CBN). Full text...

  • Mauritius: Ensuring long-term viability of sugar industry
    25 september 2014 16:58:51
    Port Louis, Mauritius (PANA) – Mauritian Agro-industry and Food Security Minister Satish Faugoo said Thursday that African, Caribbean and Pacific (ACP) countries should prepare themselves to address challenges arising from the abolition of sugar production quota in the European Union, scheduled for September 2017 in the context of the Common Agricultural Policy (CAP). Full text...

  • Mauritius: Private Equity Conference opens in Mauritius
    25 september 2014 14:56:18
    Balaclava, Mauritius (PANA) – Mauritius International Trade Minister Arvin Boolell, on Thursday said that Africa is the current frontier of growth and represents great potential for Private Equity firms across the world. Full text...

  • Senegal: Cameroonian wins Africa’s premier youth entrepreneurship award
    25 september 2014 14:19:43
    Dakar, Senegal (PANA) – A young Cameroonian, Alain Nteff, was Wednesday named the grand prize winner of the fourth annual Anzisha Prize Award, receiving a US$25,000 cash prize to support his social business. Full text...

  • BADEA: Board approves US$50m projects for African nations
    25 september 2014 13:12:26
    Dakar, Senegal (PANA) - The Board of Directors of the Arab Bank for Economic Development in Africa (BADEA) has approved new projects worth US$49.964 million for the benefit of many African countries. Full text...

  • Rwanda: Thursday's exchange rates for Rwandan Franc
    25 september 2014 12:45:23
    Kigali, Rwanda (PANA) - Following are Thursday's exchange rates for the Rwandan Franc: Full text...

  • Nigeria: EU seeks greater trade relations with West African countries
    25 september 2014 12:36:35
    Lagos, Nigeria (PANA) - The European Union (EU) is seeking improved trade relations with Nigeria and other West African countries to boost economic activities, reduce poverty and create wealth, according to Head of EU Delegation to Nigeria and ECOWAS Michel Arrion. Full text...

  • Libya: Oil production rises to 900,000 barrels/day
    25 september 2014 12:15:47
    Tripoli, Libya (PANA) - Libya’s oil production has now reached 900,000 barrels per day after the resumption of production at the 340,000bpd-capacity oil field of al-Charara (South), the Libyan National Oil Company (NOC) said Thursday. Full text...

  • Mauritania: Thursday's forex rates for Ouguiya
    25 september 2014 11:42:38
    Nouakchott, Mauritania (PANA) - Following are Thursday's exchange rates for the Mauritanian Ouguiya: Full text...

  • Senegal: Thursday’s forex rates for Gambian Dalasis
    25 september 2014 11:41:19
    Dakar, Senegal (PANA) - Following are Thursday’s exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • US: AU Commission, Rockefeller Foundation sign MoU to catalyse development in Africa
    25 september 2014 09:20:33
    New York, US (PANA) - The Rockefeller Foundation has signed a Memorandum of Understanding (MoU) with the African Union Commission (AUC) to promote increased cooperation between the two institutions in their efforts towards Africa’s progress. Full text...

  • Nigeria: Ghana to host 1st ECOWAS Mining/Oil Exhibition
    25 september 2014 08:53:41
    Abuja, Nigeria (PANA) - The 1st Forum/Exhibition of the Economic Community of West African States (ECOWAS) on mining and oil (ECOMOF 2015) will be held 6-8 Oct. 2015 in Ghana's capital, Accra, an ECOWAS Commission statement obtained by PANA here Thursday said. Full text...

  • Tanzania: African countries among developing markets on road to inflation targeting
    25 september 2014 07:59:08
    Dar es Salaam, Tanzania (PANA) - The growing interest in many developing and emerging markets to move towards an inflation targeting (IT) regime calls for particular attention, especially during the transition, to be devoted to strengthening internal analytical and operational capacity of their financial sectors, participants of an International Monetary Fund's (IMF) Forum for Developing Markets have agreed. Full text...

  • Tanzania: Thursday's forex rates for Shilling
    25 september 2014 07:22:10
    Dar es Salaam, Tanzania (PANA) - Following are Thursday's exchange rates for the Tanzania Shilling: Full text...

  • Nigeria: Wednesday's foreign exchange rates in Nigeria
    24 september 2014 21:59:15
    Lagos, Nigeria (PANA) - Here are Wednesday's exchange rates for the Nigerian currency, the Naira, against other currencies, as released by the Central Bank of Nigeria (CBN). Full text...

  • UN: Museveni calls for economic, security partnership between African countries
    24 september 2014 19:39:55
    New York, US (PANA) - Ugandan President Yoweri Museveni on Wednesday called for economic and security partnerships between African countries to foster growth and development on the continent. Full text...

  • Cote d'Ivoire: Trading goes down on West African Bourse
    24 september 2014 17:58:42
    Abidjan, Cote d’Ivoire (PANA) - Trading at the West African regional stock exchange, BRVM, ended Tuesday on the decline with the BRVM Index 10 falling from 276.33 to 275.86 points, representing a decrease of 0.17%. Full text...

  • Zambia: Wednesday’s forex rates for Kwacha
    24 september 2014 14:40:53
    Lusaka, Zambia (PANA) – Following are Wednesday's foreign exchange rates for the Zambian kwacha, as released by the Bank of Zambia: Full text...

  • Tanzania: IFC, Airtel Uganda sign US$3.9 million deal to expand mobile financial services
    24 september 2014 13:38:13
    Dar es Salaam, Tanzania (PANA) - The International Finance Corporation (IFC), the private lending arm of the World Bank Group, has signed an advisory services agreement, valued at US$3.9 million, with Airtel Uganda to expand access to mobile financial services throughout the country, Pyramid Research said Wednesday in its daily update. Full text...

  • Tanzania: IMF approves US$ 122m credit facility for Chad
    24 september 2014 13:32:59
    Dar es Salaam, Tanzania (PANA) - The Executive Board of the International Monetary Fund (IMF) has approved a new three-year arrangement under the Extended Credit Facility (ECF) for SDR 79.92 million (about US$122.4 million) in support of Chad's medium-term economic programme, the Fund announced Wednesday. Full text...

  • Nigeria: Nigerian bank partners African insurance firm to boost regional trade
    24 september 2014 12:48:16
    Lagos, Nigeria (PANA) - One of Nigeria’s leading financial institutions, United Bank for Africa (UBA) Plc, has signed a partnership agreement with the Pan African Trade Insurance Agency (ATI) to ease the flow of credit to clients engaging in regional and international trade. Full text...

  • Mauritania: Wednesday's exchange rates for Ouguiya
    24 september 2014 11:51:54
    Nouakchott, Mauritania (PANA) - Following are Wednesday's exchange rates for the Mauritanian Ouguiya: Full text...

  • Tanzania: Political uncertainties ahead of 2015 polls cloud Burundi's economic outlook
    24 september 2014 09:17:28
    Dar es Salaam, Tanzania (PANA) - Burundi's medium-term economic outlook remains difficult, with downside risks arising from political uncertainties ahead of the 2015 elections, according to Naoyuki Shinohara, Deputy Managing Director of the International Monetary Fund (IMF). Full text...

  • Senegal: Wednesday’s forex rates for Gambian Dalasis
    24 september 2014 09:04:03
    Dakar, Senegal (PANA) - Following are Wednesday’s exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Ghana: Wednesday's exchange rates for Ghana cedi
    24 september 2014 08:28:04
    Accra, Ghana (PANA) - The following are Wednesday's average inter-bank exchange rates for the Ghana cedi, as announced by the Ghana Association of Bankers: Full text...

  • Tanzania: Wednesday's forex rates for Shilling
    24 september 2014 07:55:06
    Dar es Salaam, Tanzania (PANA) - Following are Wednesday's exchange rates for the Tanzania Shilling: Full text...

  • Nigeria: Tuesday's foreign exchange rates in Nigeria
    23 september 2014 21:08:48
    Lagos, Nigeria (PANA) - Here are the latest exchange rates for the Nigerian currency, the Naira, against other major currencies, as released by the Central Bank of Nigeria (CBN). Full text...

  • Cameroon: Cameroon registers over 348 billion CFAF in 2013 foreign direct investments
    23 september 2014 16:26:00
    Douala, Cameroon (PANA) – Cameroon's National Technical Balance of Payment Committee revealed Tuesday that the country recorded foreign direct investments valued at 348.2 billion CFAF in 2013, which was a significant drop when compared to investments made the previous year. Full text...

  • Senegal: Dakar to host Africa SME Champions Forum
    23 september 2014 15:20:44
    Dakar, Senegal (PANA) – The first Africa SME Champions Forum, slated for 11-12 November, will be held in Dakar, organisers announced Tuesday. Full text...

  • Mauritania: Tuesday's forex rates for Ouguiya
    23 september 2014 12:33:49
    Nouakchott, Mauritania (PANA) - Following are Tuesday's exchange rates for the Mauritanian Ouguiya: Full text...

  • Cote d'Ivoire: All set for Afreximbank branch take-off
    23 september 2014 12:14:15
    Abidjan, Cote d'Ivoire (PANA) - All is now set for the take-off of an Abidjan Branch Office of the African Export-Import Bank (Afreximbank) to serve Francophone West Africa, with the signing of the two foundation agreements for the Branch by the Bank and the Government of Cote d’Ivoire, the bank said in a statement. Full text...

  • Cote d'Ivoire: Trading on the rise at West African Bourse
    23 september 2014 11:50:17
    Abidjan, Cote d’Ivoire (PANA) - Trading at the West African regional stock exchange, BRVM, ended Monday on the rise with the BRVM Index 10 inching up from 275.14 to 276.33 points, representing a rise of 0.43%. Full text...

  • Gabon: Tuesday's exchange rates in Central Africa
    23 september 2014 11:17:44
    Libreville, Gabon (PANA) - Following are Tuesday's exchange rates in the Central African States: Full text...

  • Senegal: Tuesday’s forex rates for Gambian Dalasis
    23 september 2014 09:11:07
    Dakar, Senegal (PANA) - Following are Tuesday’s exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Mauritius: Tuesday's forex rates for Rupee
    23 september 2014 08:24:09
    Port-Louis, Mauritius (PANA) - Following are Tuesday's exchange rates for the Mauritian Rupee: Full text...

  • Ghana: Tuesday's exchange rates for Ghana cedi
    23 september 2014 08:19:09
    Accra, Ghana (PANA) - The following are Tuesday's average inter-bank exchange rates for the Ghana cedi, as announced by the Ghana Association of Bankers: Full text...

  • Tanzania: Tuesday's forex rates for Shilling
    23 september 2014 06:47:07
    Dar es Salaam, Tanzania (PANA) - Following are Tuesday's exchange rates for the Tanzania Shilling: Full text...

  • UN: General Assembly reaffirms UN goals on population, development
    22 september 2014 22:24:13
    New York, US (PANA) - The President of the UN General Assembly, Mr. Sam Kutesa, says the international community must renew its pledge to protect women and girls as it strives to improve the dignity of all people and secure the future of the planet. Full text...

  • Nigeria : Monday's foreign exchange rates in Nigeria
    22 september 2014 19:35:28
    Lagos, Nigeria (PANA) - Following are the latest exchange rates for the Nigerian currency,the Naira, as released by the Central Bank of Nigeria(CBN). Full text...

  • Tanzania: M2M services to help operators succeed in challenging Africa, Middle East market
    22 september 2014 18:44:25
    Dar es Salaam, Tanzania (PANA) - Machine-to-machine services are growing fast and providing new revenue streams for operators in Africa and the Middle East, according to latest findings by Pyramid Research (PR), the US-based global monitor of telecom business and industry. Full text...

  • Senegal: WAEMU trade fair to be held in Dakar
    22 september 2014 16:53:05
    Dakar, Senegal (PANA) – The third West African Trade Fair will be held in Dakar, Senegal, from 23 October-2 November, organisers of the event said Monday, confirming that 300 sub-regional companies will exhibit their products at the fair. Full text...

  • Tanzania: Cyberoam launches Sophos end point security for partners in Kenya, Tanzania
    22 september 2014 16:22:42
    Dar es Salaam, Tanzania (PANA) - Leading network security vendor Cyberoam has announced the availability of award winning Sophos end-point protection portfolio for its partners in Kenya and Tanzania, opening up more revenue opportunities as well as enabling Cyberoam partners to differentiate with enhanced and unique security portfolio in the process. Full text...

  • Zambia: Zambia’s int'l credit rating rises
    22 september 2014 14:10:59
    Lusaka, Zambia (PANA) - Fitch, one of the world’s top three rating agencies, has revised Zambia’s economic outlook from stable to positive, and affirmed the country’s ceiling at B . Full text...

  • Mauritania: Monday's forex rates for Ouguiya
    22 september 2014 14:03:42
    Nouakchott, Mauritania (PANA) - Following are Monday's foreign exchange rates for the Mauritanian Ouguiya: Full text...

  • Zambia: Monday’s forex rates for Kwacha
    22 september 2014 13:27:38
    Lusaka, Zambia (PANA) – Following are Monday's foreign exchange rates for the Zambian kwacha, as released by the Bank of Zambia: Full text...

  • Senegal: BADEA’s board of directors meets 24-26 Sept
    22 september 2014 11:55:28
    Dakar, Senegal (PANA) - The Board of Directors of the Arab Bank for Economic Development in Africa (BADEA) is scheduled to meet in the Sudanese capital, Khartoum, 24-26 Sept., under the Chairmanship of Yousif Bin Ibrahim Al Bassam. Full text...

  • Gambia: Monday’s forex rates for Gambian Dalasis
    22 september 2014 11:18:52
    Banjul, Gambia (PANA) - The following are Monday’s foreign exchange rates for the Gambian Dalasis: Full text...

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