Economy -
  • Senegalese on trial for cyber fraud in Ghana
    18 june 2004 18:31:00
    Accra- Ghana (PANA) -- John Siby, a Senegalese has appeared before an Accra Circuit Court charged with creating a non-existing bank to defraud unsuspecting foreigners. Full text...

  • Accra bourse ends week high
    18 june 2004 18:09:00
    Accra- Ghana (PANA) -- The Ghana Stock Exchange (GSE) ended the week high Friday with the GSE All-Share Index up by 29. Full text...

  • Mozambique raises fuel prices
    18 june 2004 17:21:00
    Maputo- Mozambique (PANA) -- The Mozambican Mineral Resources and Energy Ministry Friday announced increases of between two and to 6. Full text...

  • Nairobi Bourse Closes Week Lower
    18 june 2004 16:25:00
    Nairobi- Kenya (PANA) -- Turnover at the Nairobi Stock Exchange (NSE) declined Friday to 77 million Kenyan shillings (KShs) on a volume of 1. Full text...

  • Tunisia's Carthage Investment Forum underway
    18 june 2004 15:42:00
    Tunis- Tunisia (PANA) -- Tunisia's three-day edition of the Carthage Investment Forum ends Saturday in Gammarth in the north of the capital Tunis, organisers said here Friday. Full text...

  • COMESA, EU sign 21-million-Euro pact for regional ICT project
    18 june 2004 15:07:00
    Lusaka- Zambia (PANA) -- The Common Market for Eastern and Southern Africa (COMESA) and the European Union (EU) Friday in Lusaka signed an agreement for 21 million Euro grant under the European Development Fund to finance a regional Information and Communications Technology (ICT) support project. Full text...

  • West, Central African airport managers meet in Benin
    18 june 2004 13:47:00
    Cotonou- Benin (PANA) -- Airport managers from West and Central Africa Friday convened their eighth meeting of the regions, focusing on ways to meet users' demands and improve financial profitability. Full text...

  • Ghana gets 1.5 million euros French grant
    18 june 2004 13:34:00
    Accra- Ghana (PANA) -- Ghana and France have signed an agreement for a grant of 1. Full text...

  • Celtel plans to inter-connect subscribers in COMESA
    18 june 2004 11:38:00
    Kampala- Uganda (PANA) -- Celtel Uganda subscribers may soon be able to call Kenya, Tanzania and other COMESA countries at a single rate if these countries approve a plan for a direct link between them, the Monitor newspaper reported Friday. Full text...

  • Togo lands 6 billion CFA francs BOAD loan
    18 june 2004 11:18:00
    Lome- Togo (PANA) -- The West African Development Bank (BOAD) has granted Togo a loan of 6 billion CFA francs (11 million US dollars) to finance road maintenance and sanitary works in Lome. Full text...

  • British tour operators visit South Africa
    18 june 2004 11:12:00
    Cape Town- South Africa (PANA) -- More than 200 British tour operators and travel agents were Friday concluding a two-day workshop here to promote tourism in South Africa. Full text...

  • South Africa supports global system of trade preference
    18 june 2004 10:29:00
    Johannesburg- South Africa (PANA) -- Deputy minister of Trade and Industry, Lindiwe Hendricks has affirmed that South Africa would seriously consider taking part in the third round of negotiations towards a Global System of Trade Preference (GSTP) among developing countries. Full text...

  • Kenya clinches $262m World Bank loan
    18 june 2004 10:00:00
    Nairobi- Kenya (PANA) -- The World Bank has approved a 20. Full text...

  • Kenya VP advocates stronger North-South ties
    18 june 2004 09:30:00
    Nairobi- Kenya (PANA) -- Kenya Vice President Moody Awori insisted Friday on the was need to strengthen partnership between developed and developing nations with a view to attaining global objectives in growth and development. Full text...

  • Operators in Kenya resort to conference tourism
    18 june 2004 08:10:00
    Nairobi- Kenya (PANA) -- Following a slump in the Kenyan tourism industry in the wake of negative travel advisories, operators in the sector have resorted to conference tourism to stay in business. Full text...

  • Cameroonian enterprises are less competitive
    17 june 2004 23:52:00
    Douala- Cameroon (PANA) -- The results recorded by national companies both in Cameroon and in the sub-region are declining, participants heard Thursday during discussions on "competitiveness and governance" session in the Central African Economic and Monetary Community (CEMAC) organised in Douala. Full text...

  • Mauritania maintains Franc CFA as legal tender
    17 june 2004 22:50:00
    Nouakchott- Mauritania (PANA) -- Mauritania will not ban the franc CFA as a legal tender, the country's information minister and government spokesman Hamoud Ould Abdy stated here Wednesday. Full text...

  • Mali reports 6.1% growth rate for 2003
    17 june 2004 22:16:00
    Bamako- Mali (PANA) -- The Malian economy recorded a 6. Full text...

  • Businesspeople desert Côte d'Ivoire for Benin
    17 june 2004 21:40:00
    Cotonou- Benin (PANA) -- The economic crisis in Côte d'Ivoire has forced many businesspeople of various nationalities to flee to Benin, officials of the Chamber of Commerce and Industry of Benin (CCIB) confirmed here Thursday. Full text...

  • Mozambique wraps up preparations for ACP Summit
    17 june 2004 17:43:00
    Maputo- Mozambique (PANA) -- Mozambican authorities have been putting final touches to preparations for the 21-24 June summit of the African, Caribbean and Pacific Countries (ACP) summit taking place in Maputo. Full text...

  • Britain, Kenya sign financial pact
    17 june 2004 17:39:00
    Nairobi- Kenya (PANA) -- The British and Kenyan governments Thursday launched a new country assistance strategy for increased health, education and direct budgetary assistance to the East African nation. Full text...

  • Zimbabwe parliament passes anti-corruption bill
    17 june 2004 17:25:00
    Harare- Zimbabwe (PANA) -- The Zimbabwean parliament has passed an anti-corruption bill to give legal teeth to government's controversial war against graft launched at the beginning of this year. Full text...

  • Obasanjo seeks to outlaw Nigeria's central labour union
    17 june 2004 15:40:00
    Lagos- Nigeria (PANA) -- Apparently irked by incessant strikes led by the country's umbrella Nigeria Labour Congress (NLC), President Olusegun Obasanjo has written to the national legislature proposing an amendment to the Trade Unions Act to outlaw the central labour organisation. Full text...

  • Kenya introduces performance contracts in public service
    17 june 2004 15:32:00
    Nairobi- Kenya (PANA) -- Kenya has introduced performance contracts in corporate governance and management of state enterprises in order to improve services, a cabinet minister said Thursday. Full text...

  • Britain pledges to help Kenya trace suspect firm
    17 june 2004 15:27:00
    Nairobi- Kenya (PANA) -- Britain Thursday pledged to help Kenya trace "a shadowy" Liverpool-based company accused of attempting to defraud the East African nation of 6. Full text...

  • Denmark props Uganda's anti-graft drive
    17 june 2004 13:46:00
    Kampala- Uganda (PANA) -- Denmark has donated US$5 million to help fund Uganda's proposed National Strategy to Fight Corruption designed to rid the East African nation of the vice that has permeated the society. Full text...

  • Saudi Fund grants Mauritania $10 million for water supply
    17 june 2004 13:19:00
    Nouakchott- Mauritania (PANA) -- Mauritania and the Saudi Fund have signed an agreement for US$10 million to prop the supply of safe drinking water to the capital Nouakchott, official sources said Thursday. Full text...

  • IMF approves $320 million package for Zambia
    17 june 2004 13:08:00
    Lusaka- Zambia (PANA) -- The International Monetary Fund (IMF) has approved a three-year arrangement under its Poverty Reduction and Growth Facility (PRGF) for Zambia valued at about US$320. Full text...

  • Zambian consumers want poor imports barred
    17 june 2004 13:04:00
    Lusaka- Zambia (PANA) -- The Zambia Consumers Association (ZACA) took the government to task Thursday over sub-standard imports including faulty and consequently hazardous equipment. Full text...

  • South Africa linked to jet fighter deal
    17 june 2004 09:25:00
    Cape Town- South Africa (PANA) -- Gripen, the Swedish makers of supersonic fighter aircraft, have signed a deal with the Czech government for the purchase of 14 Gripen multi-role fighter aircraft. Full text...

  • Disparities delay single ECOWAS currency
    16 june 2004 23:45:00
    Dakar- Senegal (PANA) -- The governor of the Central Bank of West African States (BCEAO), Charles Konan Banny regretted Wednesday in Dakar that there were insufficient breakthroughs recorded in the necessary convergence of ECOWAS economies as the deadline approaches for the coming into being of a single currency for the sub-region. Full text...

  • Mozambican Minister calls for end to world trade distortions
    16 june 2004 19:11:00
    Maputo- Mozambique (PANA) -- Mozambican Industry and Trade Minister Carlos Morgado has called for the elimination of distortions to world trade caused by subsidies granted farmers in developed countries. Full text...

  • Total Gabon to pay shareholders 37-dollar dividend per share
    16 june 2004 18:14:00
    Libreville- Gabon (PANA) -- Oil company, Total Gabon, announced Wednesday that its shareholders would be paid a dividend of 37 dollars per share from the 2003 earnings. Full text...

  • Accra bourse bounces back
    16 june 2004 17:50:00
    Accra- Ghana (PANA) -- The Ghana Stock Exchange (GSE) All-Share Index gained 39. Full text...

  • Kenyan official sues for regional integrated credit societies
    16 june 2004 17:20:00
    Nairobi- Kenya (PANA) -- Kenya's Cooperative Development and Marketing minister Peter Ndwiga Wednesday stressed the need to adopt a regional approach for the development of Savings and Credit Cooperative Societies (SACCO) in African countries as key players in the financial services sector. Full text...

  • IFC holds forum on corporate governance
    16 june 2004 17:03:00
    Dakar- Senegal (PANA) -- The International Finance Corporation (IFC), the private sector arm of the World Bank Group, Wednesday convened a forum of top international financial institutions in Paris to discuss ways to improve corporate governance in the companies they finance and support in emerging markets. Full text...

  • Apex bank governor says SPLA/M currency violates accord
    16 june 2004 16:25:00
    Khartoum- Sudan (PANA) -- Central Bank Governor Saber Mohammed Alhassan has described the printing of a currency by the Sudan People's Liberation Army/Movement (SPLA/M) as a violation of the peace accord signed between Khartoum and the rebels to end Africa's longest running civil war. Full text...

  • Kenya recommends setting up G-77 bank
    16 june 2004 16:03:00
    Nairobi- Kenya (PANA) -- Kenya's Foreign Minister Kalonzo Musyoka has recommended the creation of financial institutions by the G- 77 to help address the debt burden and the economic crises facing member states. Full text...

  • IFC supports Small and Medium Enterprises in Africa
    16 june 2004 15:44:00
    Dakar- Senegal (PANA) -- The International Finance Corporation (IFC), the private sector arm of the World Bank Group has introduced a new scheme in its efforts to address Africa's economic development needs more comprehensively. Full text...

  • Nairobi bourse turnover continues slide
    16 june 2004 15:37:00
    Nairobi- Kenya (PANA) -- Turnover at the Nairobi Stock Exchange (NSE) continued its downward slide Wednesday when midweek turnover slipped to 26 million shillings on a volume of 812,000 shares, down from 35 million shillings on 1. Full text...

  • Kenyan agency curbs massive milk imports
    16 june 2004 15:17:00
    Nairobi- Kenya (PANA) -- The Kenya Dairy Board (KDB) has recorded a drastic decline in the massive importation of milk and other dairy products that have flooded the local market, KDB managing director Machira Gichuhi disclosed Wednesday. Full text...

  • Mauritanian MPs adopt bill on inter-African energy ties
    16 june 2004 13:15:00
    Nouakchott- Mauritania (PANA) -- The Mauritanian Parliament Tuesday adopted a bill on inter-African cooperation in the energy sector, official sources revealed here. Full text...

  • Algerian oil firm earns US$14 billion
    15 june 2004 21:22:00
    Algiers- Algeria (PANA) -- Algeria's oil company, Sonatrach had earned US$14 billion in revenue by the end of May 2004, the country's energy and mining minister Chakib Khelil said here Tuesday. Full text...

  • Zimbabwe lures investors for power projects
    15 june 2004 21:01:00
    Harare- Zimbabwe (PANA) -- A top Zimbabwe government official revealed here Tuesday the country had secured foreign investor support to upgrade two power plants to increase domestic electricity generation. Full text...

  • Tobacco export revenue drops in Zimbabwe
    15 june 2004 20:45:00
    Harare- Zimbabwe (PANA) -- Zimbabwe's Tobacco Industry Marketing Board (TIMB) said Tuesday the country has earned 54. Full text...

  • Gambian Minister urges support for ECOWAS integration programmes
    15 june 2004 17:46:00
    Banjul- Gambia (PANA) -- Gambian Secretary of State (Minister) for Trade, Industry and Employment, Edward Singhateh, Tuesday called for greater support for ECOWAS integration process. Full text...

  • Zambia, S. Africa's ABSA suspend bank take-over talks
    15 june 2004 17:15:00
    Lusaka- Zambia (PANA) -- The Zambian government and the lead negotiating bank, South Africa's ABSA, agreed to drop talks over the possible sale of the state-owned Zambia National Commercial Bank to the South African bankers. Full text...

  • S. Africa's steel plant resumes work following shut-down
    15 june 2004 16:53:00
    Cape Town- South Africa (PANA) -- Saldanha Steel Mill, South Africa's largest steel refinery, resumed normal operations Tuesday following major damage to the refractory. Full text...

  • Kenya's tea auction registers gains
    15 june 2004 15:46:00
    Nairobi- Kenya (PANA) -- Demand for tea that was offered for auction at the East African tea export auction in the Kenyan port of Mombasa this week was high, brokers indicated Tuesday. Full text...

  • Turnover down at Nairobi Bourse
    15 june 2004 15:17:00
    Nairobi- Kenya (PANA) -- Turnover declined at the Nairobi Stock Exchange (NSE) Tuesday to 35 million Kenyan shillings on a volume of 1. Full text...

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