Port-Louis, Mauritius (PANA) - The following are Friday's foreign exchange rates for the Mauritian Rupee as issued by the Mauritian commercial bank. Full text...

New York, US (PANA) - The United Nations is marking this year’s World Tourism Day by exploring how technological advances such as big data, artificial intelligence and digital platforms can contribute to the way people travel and foster innovation in the tourism industry. Full text...

Banjul, Gambia (PANA) - The government of Gambia has banned all public officials from travelling abroad except for “essential statutory meetings” with effect from 1 October 2018 as President Adama Barrow struggles to cut down unnecessary expenditure of state funds. Full text...

Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) has approved a US$ 217.9 million loan to South Africa’s power utility, Eskom Holdings Ltd., towards the upgrade and expansion of its transmission facilities, crucial to power supply within the sub-region. Full text...

Nairobi, Kenya (PANA) - The heads of International Fund for Agricultural Development (IFAD) and the African, Caribbean and Pacific (ACP) Group of States have signed a letter of intent to intensify collaboration between the two institutions. Full text...

Antananarivo, Madagascar (PANA) – Driven by a rebound in agricultural production as well as increased public investment, Madagascar’s economic growth is expected to exceed 5 percent this year, the highest level in 10 years, according to the latest review by the staff of the International Monetary Fund (IMF). Full text...

Port-Louis, Mauritius (PANA) - The following are Thursday's exchange rates for the Mauritian Rupee as announced by the Commercial Bank of Mauritius. Full text...

Port-Louis, Mauritius (PANA) - The Mauritius Chamber of Agriculture announced on Thursday that production of sugar for the crop year 2018 is forecast at around 330,000 tonnes, representing a decrease of 7.1%, compared to 355,213 tonnes in 2017. Full text...

Banjul, Gambia (PANA) – The following are Thursday’s foreign exchange rates for the Gambian Dalasi (D) as issued by the Central Bank of The Gambia. Full text...

Addis Ababa, Ethiopia (PANA) – Ethiopia’s growth is expected to step up in 2018/9 to 8.5 percent, supported by stronger confidence as the uncertainty of the previous year recedes, and the availability of domestic and foreign direct investment improves, according to the International Monetary Fund (IMF) staff. Full text...

New York, US (PANA) – Kenyan has entered into an agreement with the UN Office for Project Services (UNOPS) to deliver 100,000 affordable housing units, the office of the President said on Wednesday. Full text...

Abuja, Nigeria (PANA) – Nigeria’s Monetary Policy Committee (MPC) ended its two-day meeting on Tuesday evening with a strong warning that the economy risks slipping into another recession if there is no synergy between monetary and fiscal policies to ensure macroeconomic stability. Full text...

Port-Louis, Mauritius (PANA) - The following are Wednesday's exchange rates for the Mauritian Rupee as announced by the Commercial Bank of Mauritius. Full text...

Banjul, Gambia (PANA) – The following are Wednesday’s foreign exchange rates for the Gambian Dalasi (D) as issued by the Central Bank of The Gambia. Full text...

Abuja, Nigeria (PANA) – The Central Bank of Nigeria (CBN) has kept its key interest rate at 14 per cent, in line with market expectations as the country fights off future recession threats. Full text...

Abidjan, Cote d'Ivoire (PANA) - The African Development Bank’s Fund for African Private Sector Assistance (FAPA), has provided funds totaling nearly US$2 million to its Jobs for Youth in Africa initiative. Full text...

Accra, Ghana (PANA) - The African Development Bank (AfDB) has approved a US$1.5 million grant from its Sustainable Energy Fund for Africa (SEFA), to assist Ghana’s renewable energy investment drive. Full text...

Abidjan, Cote d'Ivoire (PANA) - Opportunities for investment in Africa often outweigh the obstacles, according to leading African companies included in the African Development Bank’s first Africa-to-Africa (A2A) Investment Report. Full text...

Port-Louis, Mauritius (PANA) - The Mauritian Agro-industry minister, Mahen Seeruttun, on Tuesday said the government will assist small planters and key stakeholders of the cane industry who are facing financial difficulties due to the decline in sugar price on the world market. Full text...

Nairobi, Kenya (PANA) - Under its "Big Four" agenda, which includes affordable housing, the Kenyan government has invited bids from both international and local developers to build 1,500 affordable residential units for low-income earners at the Nairobi’s Park Road estate, situated in Ngara. Full text...

Port-Louis, Mauritius (PANA) - The following are Tuesday's foreign exchange rates for the Mauritian Rupee as issued by the Mauritian commercial bank. Full text...

New York, US (PANA) - The rate of sustainable development is “too slow” and private business has a major role to play in speeding it up, while also slowing the runaway pace of climate change that threatens the entire world with catastrophe, United Nations Secretary-General António Guterres said Monday. Full text...

New York, US (PANA) - A “surge in financing and investments” is needed to achieve the 2030 Agenda, the United Nations plan of action agreed by Member States, to transform the world, the Secretary-General said on Monday. Full text...

Banjul, Gambia (PANA) – The following are Tuesday’s foreign exchange rates for the Gambian Dalasi (D) as issued by the Central Bank of The Gambia. Full text...

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...

Port-Louis, Mauritius (PANA) - The following are Monday's exchange rates for the Mauritian Rupee as announced by the Commercial Bank of Mauritius. Full text...

Banjul, Gambia (PANA) – The following are Monday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

Abuja, Nigeria (PANA) – Nigeria’s National Bureau of Statistics (NBS) says the country’s foreign debt stands at US$22.08 billion. Full text...

Maputo, Mozambique (PANA) - Investors and members of Mozambique’s business and financial community have presented nearly 30 development projects to the Africa Investment Forum (AIF), the African Development Bank’s new transactional platform for mobilizing investments in the continent. Full text...

Monrovia, Liberia (PANA) - The African Development Bank’s Fund for African Private Sector Assistance (FAPA), has approved a grant of US$1 million to Liberia, to provide technical assistance to its fast-growing wood processing industry. Full text...

Nairobi, Kenya (PANA) – Despite a difficult economic and political environment, the authorities in Somalia are building a good track record of policy and reform implementation, according to an International Monetary Fund (IMF) staff team that met with senior Somali government officials as well as representatives of bilateral and multilateral donors in Nairobi, Kenya, this week. Full text...

Nouakchott, Mauritania (PANA) - The following are Saturday's exchange rates for the Mauritanian Ouguiya as announced by the Central Bank of Mauritania. Full text...

Banjul, Gambia (PANA) – The following are Saturday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Bank (AfDB) has given the green light for the launch of the second phase of the Mano River Union (UFM) programme, which would improve roads and facilitate transport between Liberia and Cote d’Ivoire. Full text...

Alberta, Canada (PANA) - “Given the size of its markets, growth, and huge potential across multiple sectors, Africa cannot be ignored,” this was the African Development Bank (AfDB) President, Akinwumi Adesina’s message at a public and private sector investor roundtable on Thursday. Full text...

Dar es Salaam, Tanzania (PANA) – The International Monetary Fund (IMF) stands ready to help the authorities in Zimbabwe design a reform package that can help facilitate the clearance of the country’s external payment arrears to international development banks and bilateral official creditors, the Fund’s spokesman has said. Full text...

Nairobi, Kenya (PANA) - Kenyan President Uhuru Kenyatta signed the Finance Bill 2018 into law on Friday, hours after Parliament passed it under unclear circumstances. Full text...

Port-Louis, Maurice (PANA) - The following are Friday's exchange rates for the Mauritian Rupee as announced by the Mauritian Commercial Bank. Full text...

Banjul, Gambia (PANA) – The following are Friday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

N’Djamena, Chad (PANA) - UN Economic Commission for Africa (ECA) officials have lauded the Democratic Republic of Congo' s (DRC) plans to establish industrial parks to attract makers of car batteries and fabricators of electric cars. Full text...

Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) Group on Thursday announced the debarment of GEO SCIENCES INTERNATIONAL SARL, a consulting firm based in Yaoundé, Cameroon, for a minimum period of 48 months. Full text...

Kigali, Rwanda (PANA) - The following are Thursday's foreign exchange rates for the Rwandan franc, as issued by the National Bank of Rwanda. Full text...

Port-Louis, Mauritius (PANA) - The following are Thursday's exchange rates for the Mauritian Rupee as announced by the Commercial Bank of Mauritius. Full text...

Banjul, Gambia (PANA) – The following are Thursday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

Washington, US (PANA) - Fewer people are living in extreme poverty around the world, but the decline in poverty rates has slowed, raising concerns about achieving the goal of ending poverty by 2030 and pointing to the need for increased pro-poor investments, the World Bank has found. Full text...

Nairobi, Kenya (PANA) - The African Development Bank, the European Commission, Mariner Investment Group, LLC (Mariner), Africa50, and Mizuho International plc on Wednesday announce the pricing of Room2Run, a US $1 billion synthetic securitization. Full text...

Accra, Ghana (PANA) - The following are Wednesday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

Port-Louis, Mauritius (PANA) - The following are Wednesday's exchange rates for the Mauritian Rupee as announced by the Commercial Bank of Mauritius. Full text...

Banjul, Gambia (PANA) – The following are Wednesday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

Accra, Ghana (PANA) - The following are Tuesday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...