Economy -
  • Ghana: Friday's exchange rates for Ghana cedi
    23 september 2016 05:46:23
    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...

  • Senegal: Businesses in Nigeria face challenging times – Sage Director
    22 september 2016 16:26:26
    Dakar, Senegal (PANA) - With the Nigerian economy in recession, support for small and medium businesses could be one of the key ingredients to carrying the country through the tough times, Magnus Nmonwu, Regional Director for Sage in West Africa, declared on Thursday. Full text...

  • Kenya: 'Unchecked inequalities could threaten SDGs' - Report
    22 september 2016 14:37:15
    Nairobi, Kenya (PANA) - A new report has warned that unchecked inequalities could jeopardize the sustainability of economies, societies and communities, undermining efforts to achieve the Sustainable Development Goals (SDGs) by 2030. Full text...

  • Gabon: Thursday's forex rates for CFA Franc
    22 september 2016 11:17:49
    Libreville, Gabon (PANA) - The following are Thursday's foreign exchange rates for the CFA Franc in Central Africa as issued by the Bank of the Central African States. Full text...

  • Mauritius: Thursday's forex rates for Mauritian Rupee
    22 september 2016 11:12:52
    Port-Louis, Mauritius (PANA) – Following are Thursday's foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Senegal: Thursday's forex rates for the Gambian Dalasi
    22 september 2016 06:30:10
    Dakar, Senegal (PANA) – The following are Thursday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Ghana: Thursday's exchange rates for the Ghana cedi
    22 september 2016 05:28:25
    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: Mugabe stresses need for proper SDGs implementation
    21 september 2016 17:53:24
    New York, US (PANA) - Zimbabwe's President Robert Mugabe on Wednesday said compromises or half-measures, which were unavoidable, even inevitable, in developing the 2030 Agenda for Sustainable Development, have no place in its implementation phase. Full text...

  • Sudan: Sudan suspends fish, vegetable imports from Egypt
    21 september 2016 17:34:38
    Khartoum, Sudan (PANA) - Sudan's Ministry of Commerce has ordered a temporary suspension of imports of vegetables, fruits and fish from Egypt citing consumers' health safety as the main reason. Full text...

  • UN: Ghanaian leader says Africa needs fair trade, not sympathy or aid
    21 september 2016 17:17:47
    New York, US (PANA) - What Africa needs is not development assistance from developed countries but a fair chance to trade with the rest of the world, Ghana's President John Dramani Mahama told the UN General Assembly in New York on Wednesday. Full text...

  • UN: Southern African leaders stress regional efforts for sustainable development
    21 september 2016 16:05:35
    New York, US (PANA) - Southern African leaders addressing the UN General Assembly on Wednesday stressed the importance of regional efforts, as well as working with the African Union (AU) to realize a better and sustainable future for all. Full text...

  • UN: Senegalese, Ugandan leaders urge more investments in Africa
    21 september 2016 15:26:29
    New York, US (PANA) - Senegalese President Macky Sall and Ugandan President Yoweri Museveni have called for more investments in Africa to ensure fair and sustainable development for its people. Full text...

  • Rwanda: Wednesday's exchange rates for Rwandan franc
    21 september 2016 15:15:07
    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...

  • Mauritius: Potential investors' meeting in Mauritius explores opportunities in Africa
    21 september 2016 12:57:24
    Balaclava, Mauritius (PANA) – Mauritian Finance Minister Pravind Jugnauth has said Africa is the future but it “has far to go and a lot to achieve in terms of development, less poverty and more sustainable growth" in order to transform itself into a land of prosperity. Full text...

  • Mauritius: Wednesday's forex rates for Ouguiya
    21 september 2016 10:53:39
    Nouakchott, Mauritania (PANA) – Following are Wednesday's foreign exchange rates for the Ouguiya, as issued by the Central Bank of Mauritania (BCM). Full text...

  • Mauritius: Wednesday's forex rates for Mauritian Rupee
    21 september 2016 08:43:12
    Port-Louis, Mauritius (PANA) – Following are Wednesday's foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Senegal: Wednesday's forex rates for the Gambian Dalasi
    21 september 2016 06:30:51
    Dakar, Senegal (PANA) – The following are Wednesday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Nigeria: Nigeria's aviation regulator bans Samsung Galaxy Note 7 phones on flights
    20 september 2016 20:22:49
    Abuja, Nigeria (PANA) – Nigeria’s aviation regulator,, the Nigerian Civil Aviation Authority (NCAA) has banned the of use of Samsung Galaxy Note 7 smartphone phone on board flights in the country following faulty batteries which explodes when charging the device. Full text...

  • UN: UN chief stresses key role of private sector in achieving SDGs
    20 september 2016 16:29:26
    New York, US (PANA) - UN Secretary-General Ban Ki-moon on Tuesday stressed the crucial role of businesses toward realizing the objectives of the Sustainable Development Goals (SDGs), adopted in September last year by UN member states to end poverty and hunger, improve health and education, make cities more sustainable, combat climate change, and protect oceans and forests. Full text...

  • Rwanda: Rwanda's economic growth slows down to 5.4 pct in Q2 of 2016
    20 september 2016 13:26:53
    Kigali, Rwanda (PANA) - Rwanda's economic growth slowed in the second quarter of 2016, with gross domestic product (GDP) rising by 5.4 percent compared to 7.2 percent in the same period last year, the National Bureau of Statistics (NBS) said Tuesday in Kigali. Full text...

  • Rwanda: Tuesday's exchange rates for Rwandan franc
    20 september 2016 12:20:14
    Kigali, Rwanda (PANA) - The following are Tuesday's foreign exchange rates for the Rwandan Franc as issued by the National Bank of Rwanda. Full text...

  • Senegal: Tuesday's forex rates for the Gambian Dalasi
    20 september 2016 06:52:03
    Dakar, Senegal (PANA) – The following are Tuesday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Ghana: Tuesday's exchange rates for Ghana cedi
    20 september 2016 05:52:43
    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...

  • Mauritius: Africa Partnership Conference opens Tuesday in Mauritius
    19 september 2016 13:43:57
    Port-Louis, Mauritius (PANA) - Mauritian Board of Investment (BOI), in collaboration with the World Association of Investment Promotion Agencies (WAIPA), is hosting the 2nd “Africa Partnership Conference” on Tuesday and Wednesday at the Intercontinental Resort, Balaclava, northern Mauritius. Full text...

  • Senegal: Monday's forex rates for Gambian Dalasi
    19 september 2016 13:36:41
    Dakar, Senegal (PANA) – The following are Monday’s foreign exchange rates for the Gambian currency, the Dalasi (D), as published by Trust Bank Gambia ltd: Full text...

  • Rwanda: Monday's exchange rates for Rwandan franc
    19 september 2016 10:42:03
    Kigali, Rwanda (PANA) - The following are Friday's foreign exchange rates for the Rwandan Franc as issued by the National Bank of Rwanda. Full text...

  • Ghana: Monday's exchange rates for Ghana cedi
    19 september 2016 06:51:21
    Accra, Ghana (PANA) - The following are Monday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Nigeria: Nigeria's inflation index rises, hits 17.6 per cent
    16 september 2016 20:12:03
    Abuja, Nigeria (PANA) - The Nigerian National Bureau of Statistics (NBS) on Friday said that the country’s Consumer Price Index (CPI), which measures inflation, has further climbed five notches, hitting 17.6 percent in August compared to 17.1 percent recorded in July. Full text...

  • Ethiopia: African finance ministers work on African Union import tax plan
    16 september 2016 19:08:12
    Addis Ababa, Ethiopia (PANA) - A select committee of 10 ministers of finance have ended discussion on the implementation of a new African Union (AU) Summit proposal to apply a nominal levy of 0.2% on selected imports into Africa in order to raise funds for the continental body, the AU said Friday. Full text...

  • Nigeria: UN to establish 2 aviation security training schools in Nigeria
    16 september 2016 14:25:25
    Abuja, Nigeria (PANA) – The UN is to establish two Aviation Security Training Schools in Nigeria to help boost safety and security in the country’s aviation sector, the UN-appointed Project Manager for the schools, Mr Douglas Melvin, has announced in Abuja, the Nigerian capital city. Full text...

  • Rwanda: Friday's exchange rates for Rwandan franc
    16 september 2016 08:51:23
    Kigali, Rwanda (PANA) - The following are Friday's foreign exchange rates for the Rwandan Franc as issued by the National Bank of Rwanda. Full text...

  • Ghana: Friday's exchange rates for Ghana cedi
    16 september 2016 05:42:55
    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...

  • Kenya: Freight volumes decline worries Kenyan port managers
    15 september 2016 19:33:27
    Nairobi, Kenya (PANA) - Kenya Ports Authority (KPA) has reported declining freight volumes destined to other countries in East African despite efforts to modernize Mombasa Port and increase its efficiency. Full text...

  • Rwanda: Thursday's exchange rates for Rwandan franc
    15 september 2016 15:54:35
    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...

  • Nigeria: Buhari, ministers, top aides brainstorm on Nigeria's recession
    15 september 2016 13:46:44
    Abuja, Nigeria (PANA) – Nigerian President Muhammadu Buhari and Vice President Yemi Osinbajo on Thursday held a daylong retreat with members of the Federal Executive Council and top aides to discuss the state of the nation’s economy and strategies to get the country out of recession. Full text...

  • Botswana: Inflation continues to fall in Botswana
    15 september 2016 13:32:50
    Gaborone, Botswana (PANA) - Botswana annual inflation rate in August, recorded a drop of 0.1 of a percentage point on the July 2016 rate of 2.7 percent, according to the government statistics bureau. Full text...

  • Ghana: Thursday's exchange rates for Ghana cedi
    15 september 2016 06:16:46
    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...

  • Kenya: Kenya gets second mobile banking innovation linked to Visa cards
    14 september 2016 17:29:03
    Nairobi, Kenya (PANA) - Visa Inc. has introduced mVisa, a new mobile payment service that will accelerate digital commerce in Kenya and across Africa, competing with Kenya's leading mobile money transfer service, M-pesa. Full text...

  • Rwanda: Wednesday's exchange rates for Rwandan franc
    14 september 2016 14:25:45
    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...

  • Italy: FAO to reduce spread of antimicrobial resistance on farms, food
    14 september 2016 10:58:26
    Rome, Italy (PANA) - The UN Food and Agriculture Organization (FAO) on Wednesday pledged to help countries develop strategies for tackling the spread of antimicrobial resistance in their food supply chains, as governments prepare to debate the emerging challenge posed by medicine-resistant "superbugs" next week at the UN General Assembly. Full text...

  • Kenya: Will new-found international trade allies grow more African capitalists? (News analysis by Kennedy Abwao, PANA Correspondent)
    14 september 2016 10:25:47
    Nairobi, Kenya (PANA) - Zimbabwean President Robert Mugabe stole the show during a Summit of African and Chinese leaders in Johannesburg, when he said Beijing was doing to Africa, what the former colonialist—the European Union—could have done to fight poverty and under-development. Full text...

  • Nigeria: Arik Air resumes operations, apologises to passengers
    14 september 2016 09:35:57
    Abuja, Nigeria (PANA) – Barely 24 hours after announcing the suspension of services over its inability to renew insurance for the aircraft in its fleet, due to liquidity issues, Arik Air, Nigeria’s largest carrier, will resume full regular operations on Wednesday. Full text...

  • UN: UN report calls for synergies between universal 2030 Agenda and goals for LDCs
    14 september 2016 07:08:50
    New York, US (PANA) – The world’s 48 least developed countries (LDCs) have experienced some positive developments, yet challenges remain with new risks and uncertainties threatening development gains, according to a new United Nations report released today. Full text...

  • Ghana: Wednesday's exchange rates for Ghana cedi
    14 september 2016 05:42:34
    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...

  • Central African Republic: IMF team finds CAR's growth constrained by low public investment
    13 september 2016 19:56:26
    Bangui, Central African Republic (PANA) - Though the economy of Central African Republic (CAR) has been on a strong recovery path since the beginning of the year, its growth remains constrained by low public investment spending, weak infrastructure and continued weaknesses in the banking sector, a staff team from the International Monetary Fund (IMF) confirmed Tuesday. Full text...

  • Nigeria: Arik Air of Nigeria shuts operations
    13 september 2016 19:32:40
    Abuja, Nigeria (PANA) – The recession that hit the Nigerian economy is biting hard on the aviation sector as Arik Air, West Africa’s leading airline stopped operations on Tuesday. Full text...

  • UN: UN expert tasks govts, lawmakers on trade pacts, human rights
    13 september 2016 15:04:02
    New York, US (PANA) - UN expert on the promotion of a democratic and equitable international order, Mr. Alfred de Zayas on Tuesday called on governments and parliaments to ensure that all future trade agreements stipulate the primacy of human rights, urging them to align existing treaties to fulfill binding human rights treaties and meet environmental and health goals. Full text...

  • Rwanda: Tuesday's exchange rates for Rwandan franc
    13 september 2016 13:36:43
    Kigali, Rwanda (PANA) - The following are Tuesday's foreign exchange rates for the Rwandan Franc, as issued by the National Bank of Rwanda. Full text...

  • US: Top UN officials highlight importance of South-South cooperation
    13 september 2016 07:07:59
    New York, US (PANA) – Senior United Nations officials, including UN Secretary-General Ban Ki-moon and Director-General of the International Labour Organization (ILO) Guy Ryder on Monday highlighted the importance of South-South Cooperation in their respective messages on the occasion of the UN Day for South-South Cooperation. Full text...

  • Ghana: Tuesday's exchange rates for Ghana cedi
    13 september 2016 05:55:27
    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...

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