Economy -
  • Congo: Congo budgets CFAF400 billion for local development projects
    26 march 2014 13:13:37
    Brazzaville, Congo (PANA) - The Congolese government will spend over CFAF400 billion to expedite some 150 projects aimed at modernizing the Lekoumou area, located in the southwestern part of the country, ahead of festivities to celebrate the country’s 54th anniversary in August, official sources said on Wednesday. Full text...

  • Mauritius: National energy efficiency awareness campaign launched
    26 march 2014 13:10:26
    Port-Louis, Mauritius (PANA) – Mauritius on Wednesday launched a National Energy Efficiency Awareness Campaign, aimed at promoting the efficient use of energy in the island, PANA reported from here. Full text...

  • Tanzania: Low export prices widen current account deficit
    26 march 2014 13:03:13
    Dar es Salaam, Tanzania (PANA) – Tanzania registered a widened current account deficit of about US$ 5 billion during the year ended January 2014, a reflection of the combined effects of decline in volumes and prices of some exports, increase in volume of oil imports and decrease in official transfers, the Bank of Tanzania said Wednesday. Full text...

  • Ghana: Rockefeller Foundation, World Bank to empower Ghana's IT
    26 march 2014 12:35:33
    Accra, Ghana (PANA) - The Rockefeller Foundation has announced a US$ 3.8 million grant to the Ghanaian government, in partnership with the World Bank, to support the establishment of world class facilities that will attract IT and IT-enabled firms, including Business Process Outsourcing (BPO) firms, to Ghana and create jobs for Ghanaian youth. Full text...

  • Rwanda: Wednesday's forex rates for Rwandan Franc
    26 march 2014 12:22:48
    Kiigali, Rwanda (PANA) - Following are Wednesday's foreign exchange rates for the Rwandan Franc: Full text...

  • Mauritania: Wednesday's forex rates for Ouguiya
    26 march 2014 12:08:20
    Nouakchott, Mauritania(PANA) - Following are Wednesday's foreign exchange rates for the Mauritanian Ouguiya: Full text...

  • Zambia: Wednesday’s forex rates in Zambia
    26 march 2014 10:05:20
    Lusaka, Zambia (PANA) – Following are the latest foreign exchange rates for the Zambian kwacha, as released by the Bank of Zambia Wednesday. Full text...

  • Nigeria: Apex bank retains interest rates at 12%
    26 march 2014 09:05:34
    Lagos, Nigeria (PANA) – The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has voted unanimously to tighten the monetary policy by retaining the Monetary Policy Rates (MPR), otherwise known as interest rates at 12%, but voted for an increase in the Cash Reserve Ratio (CRR), according to a communiqué posted on the CBN website. Full text...

  • Ghana: Wednesday's exchange rates for the Ghana cedi
    26 march 2014 08:21:09
    Accra, Ghana (PANA) – The following are Wednesday’s interbank exchange rates for the Ghana cedi against other currencies as announced by the Ghana Association of Bankers. Full text...

  • Tanzania: Wednesday's forex rates for Shilling
    26 march 2014 08:08:21
    Dar es Salaam, Tanzania (PANA) - Following are Wednesday's exchange rates for the Tanzania Shilling: Full text...

  • Libya: Congress approves US$2 billion emergency budget
    25 march 2014 20:09:41
    Tripoli, Libya (PANA) – The Libyan National General Congress (NGC) on Tuesday approved a budget of 2.55 billion dinars (about US$2 billion) for emergency cases, parliamentary sources told PANA. Full text...

  • Mauritania: Mauritania, Senegal to build bridge over River Senegal
    25 march 2014 19:39:58
    Nouakchott, Mauritania (PANA) – The Senegalese-Mauritanian ministerial consultation commission on transport ended its proceedings on Tuesday with a series of recommendations including the decision to build a bridge on the Senegal River at the Rosso border. Full text...

  • Togo: Togo expects growth rate of 6% in 2014
    25 march 2014 19:36:38
    Lomé, Togo (PANA) - Togo's economy is expected to grow by 6% in 2014 against 5.6% in 2013, the Minister of Economy and Finance, Adji Othèth Ayassor, has said. Full text...

  • Nigeria: Tuesday's forex rates in Nigeria
    25 march 2014 19:16:31
    Lagos, Nigeria (PANA) - Here are the latest foreign exchange rates for the Nigerian currency, the Naira: Full text...

  • Nigeria: ECA deplores slowdown in Africa's GDP in 2013
    25 march 2014 17:49:54
    Abuja, Nigeria (PANA) – The deputy executive director of the Economic Commission for Africa (ECA), Abdalla Hamdok, has deplored the slowdown in Africa's Gross Domestic Product (GDP), which dropped from 5.4% in 2012 to 4.1% in 2013. Full text...

  • Nigeria: African economy, development experts meet in Abuja
    25 march 2014 15:39:22
    Abuja, Nigeria (PANA) - Experts from member States of the African Union (AU) and the Economic Commission for Africa (ECA) meet on Tuesday in Abuja, Nigeria, under the theme "industrialization for inclusive Development and Transformation in Africa". Full text...

  • Ethiopia: Ethiopia snubs Egyptian opposition to renaissance dam project
    25 march 2014 15:10:58
    Addis Ababa, Ethiopia (PANA) - Ethiopia is launching a major diplomatic offensive to win international support for its renaissance dam project, whose construction is underway despite a strong Egyptian objection. Full text...

  • Rwanda: Tuesday's forex rates for Rwandan Franc
    25 march 2014 15:00:52
    Kigali, Rwanda (PANA) - Following are Tuesday's foreign exchange rates for the Rwandan Franc: Full text...

  • Libya: Blockade of oil fields causing further drop in oil production
    25 march 2014 14:33:29
    Tripoli, Libya (PANA) - Oil production in Libya has dropped to 150,000 barrels per day (b/d) following the closure, on Tuesday, of the oil field in a-Fil (southern Libya) by protesters, according to sources close to the Libyan National Oil Company (NOC). Full text...

  • Cote d'Ivoire: Trading at the West African Bourse declines
    25 march 2014 14:11:04
    Abidjan, Côte d’Ivoire (PANA) - Trading at the West African regional stock exchange (BRVM) began the week with a decline on Monday with the BRVM index 10 falling from 253.32 to 251.61 points, representing a decrease of 0.68%. Full text...

  • Nigeria: 'Nigeria is Africa’s lowest gas consuming nation'
    25 march 2014 14:00:52
    Lagos, Nigeria (PANA) - Nigeria is among the lowest consumers of Liquefied Petroleum Gas (LPG) in Africa, despite having the highest reserve of the commodity. Full text...

  • Nigeria: South African firm to invest in Nigeria’s mining sector
    25 march 2014 13:51:18
    Lagos, Nigeria (PANA) - A South African firm, Industrial Development Corporation (IDC), is to invest in Nigeria’s Mining and Forestry sectors, according to the company’s Senior Business Development Manager, Africa Unit, Mr. Ashely Petersen. Full text...

  • Mauritania: Tuesday's exchange rates for Ouguiya
    25 march 2014 11:51:46
    Nouakchott, Mauritania (PANA) - The Mauritanian Ouguiya fell slightly against the Euro and the CFA Franc but remained stable against the US Dollar, according to Tuesday's exchange rates issued by the Mauritanian central bank. Full text...

  • Zambia: Tuesday’s exchange rates in Zambia
    25 march 2014 11:49:14
    Lusaka, Zambia (PANA) - Following are Tuesday's exchange rates for the Zambian kwacha: Full text...

  • Mauritius: Tuesday's forex rates for Rupee
    25 march 2014 08:00:00
    Port-Louis, Mauritius (PANA) - Following are Tuesday's exchange rates for the Mauritian Rupee: Full text...

  • Tanzania: Tuesday's exchange rates for Shilling
    25 march 2014 07:59:09
    Dar es Salaam, Tanzania (PANA) - Following are Tuesday's exchange rates for the Tanzania Shilling: Full text...

  • Ghana: Tuesday’s exchange rates for Ghana cedi
    25 march 2014 07:48:07
    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...

  • Senegal: African experts discuss free trade zone
    24 march 2014 21:29:32
    Dakar, Senegal (PANA) – Several experts from members States of the African Union (AU) on Monday began the 6th workshop of the African Union Technical working group (GTT) in Dakar, Senegal, to look into the establishment of the rules of origin for the continental free trade zone (ZCLE) towards the creation of an African common market by 2017. Full text...

  • Tunisia: IMF to loan Tunisia US$225 million
    24 march 2014 21:08:38
    Tunis, Tunisia (PANA) – The International Monetary Fund (IMF) on Monday announced its agreement in principle to give Tunisia a loan of US$225 million as part of the fourth phase of a loan agreement signed between the two parties in June last year, for a total amount of US$1.7 billion. Full text...

  • Nigeria: Monday's foreign exchange rates for the Naira
    24 march 2014 20:50:04
    Lagos, Nigeria (PANA) - The following are Monday's exchange rates for the Nigerian currency, the Naira, against other currencies, as released by the Central Bank of Nigeria (CBN). Full text...

  • Nigeria: African finance ministers meet in Abuja
    24 march 2014 19:16:47
    Lagos, Nigeria (PANA) - A conference of African Ministers of Finance, Planning and Economic Development, designed to move the continent’s economy forward, begins Tuesday in Abuja, the Nigerian capital. Full text...

  • Nigeria: Nigeria, DRC sign MoU on electricity
    24 march 2014 17:41:01
    Abuja, Nigeria (PANA) – Towards meeting its electricity needs, the Nigerian Government has signed a Memorandum of Understanding (MoU) to purchase power from the Democratic Republic of Congo (DRC), a country currently targeting at least 40,000 megawatts of electricity from its dams. Full text...

  • Nigeria: 'Weak transmission infrastructure is problem of power generation in Nigeria'
    24 march 2014 16:22:11
    Lagos, Nigeria (PANA) – A report by the Oxford Business Group (OBG) has said about 11% of the power generated in Nigeria is lost to transmission infrastructure deficits and limited grid. Full text...

  • Gabon: Monday's forex rates in Central Africa
    24 march 2014 16:03:55
    Libreville, Gabon (PANA) - Following are Monday's foreign exchange rates in Central African States, as issued by the Central African States bank. Full text...

  • Rwanda: World Bank to release US$60.9m for road projects in Rwanda
    24 march 2014 15:36:33
    Kigali, Rwanda (PANA) - Rwanda will receive US$60.9 million from the World Bank to enable the African country repair its road networks with a view to enhancing the capacity of small farmers who are facing high costs in moving their products to markets, PANA learnt Monday from official sources in Kigali. Full text...

  • South Africa: Contract signed for Africa’s biggest Wind Power Project in Kenya
    24 march 2014 15:05:28
    Johannesburg, South Africa (PANA) - The Lake Turkana Wind Power Project (LTWP), meant to add an existing 300MW of reliable, low cost wind energy to the national grid of Kenya, reached a critical milestone following the signing of the financial agreements in Nairobi, the capital. Full text...

  • Senegal: Monday's forex rates for Gambian Dalasis
    24 march 2014 14:26:59
    Dakar, Senegal (PANA ) - Following are Monday's foreign exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Zambia: Monday’s exchange rates in Zambia
    24 march 2014 13:18:27
    Lusaka, Zambia (PANA) - Following are Monday's exchange rates for the Zambian kwacha: Full text...

  • Ghana: Monday's exchange rates for Ghana cedi
    24 march 2014 12:54:24
    Accra, Ghana (PANA) - The following are the average inter-bank exchange rates for the Ghana cedi Monday, as announced by the Ghana Association of Bankers: Full text...

  • Zambia: Zambia moves up 11 places in Global Ease of Doing Business index
    24 march 2014 12:43:06
    Lusaka, Zambia (PANA) - Zambia has moved up 11 places in the 2014 Global Ease of Doing Business (DB) index, President Michael Sata revealed Monday. Full text...

  • Mauritania: Monday's forex rates for Ouguiya
    24 march 2014 10:58:56
    Nouakchott, Mauritania (PANA) - Following are Monday's exchange rates for the Mauritanian Ouguiya: Full text...

  • Rwanda: Monday's exchange rates for Rwandan Franc
    24 march 2014 09:28:50
    Kigali, Rwanda (PANA) - Following are Monday's exchange rates for the Rwandan Franc: Full text...

  • Mauritius: Monday's forex rates for Rupee
    24 march 2014 08:20:54
    Port-Louis, Mauritius (PANA) - Following are Monday's exchange rates for the Mauritian Rupee: Full text...

  • Tanzania: Monday's exchange rates for Shilling
    24 march 2014 08:18:51
    Dar es Salaam, Tanzania (PANA) - Following are Monday's exchange rates for the Tanzania Shilling: Full text...

  • Nigeria: Govt. moves to curb crude oil theft
    23 march 2014 17:38:09
    Abuja, Nigeria (PANA) - Nigerian leader, President Goodluck Jonathan, said Sunday at The Hague that the Federal Government had earmarked US$ 1 billion for the implementation of a comprehensive programme to check crude oil theft, the vandalism of oil and gas infrastructures, and the apprehension and prosecution of crude oil thieves. Full text...

  • Mauritania: Sunday's forex rates for Ouguiya
    23 march 2014 11:52:06
    Nouakchott, Mauritania (PANA) - Following are Sunday's foreign exchange rates for the Mauritanian Ouguiya: Full text...

  • Nigeria: US firm to set up US$100 million fertiliser plant in Nigeria
    22 march 2014 14:59:37
    Lagos, Nigeria (PANA) – A United States based firm, Seppro Energy, in partnership with the southern Nigeria Akwa Ibom State Government, has concluded arrangements to establish a fertiliser plant at a cost of US$100 million. Full text...

  • Senegal: WAEMU calls for more intra-regional trade
    21 march 2014 19:42:52
    Dakar, Senegal (PANA) – The chairman of the Commission of the West African Economic and Monetary Union (WAEMU), Mr Cheik Hadjibou Soumaré, on Friday bemoaned the low level of intra-regional trade saying this is unhealthy for the economies of countries in the union. Full text...

  • Nigeria : Friday's forex rates in Nigeria
    21 march 2014 19:17:46
    Lagos, Nigeria (PANA) - Following are Friday's foreign exchange rates for the Nigerian currency, the Naira: Full text...

  • Zambia: Finance Minister revokes statutory instruments
    21 march 2014 16:41:46
    Lusaka, Zambia (PANA) – Zambia’s Finance Minister, Alexander Chikwanda, on Friday announced the immediate revocation of statutory instruments numbers 55 and 33. Full text...

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