Economy -
  • EBID approves several development projects across W/Africa
    28 march 2013 15:12:39
    Lome, Togo (PANA) - The fourth regular meeting of the Board of Directors of the Ecobank Bank for Investment and Development (EBID) has approved several projects for infrastructural development for some countries in the sub region, PANA reports from here. Full text...

  • Mauritius, Zambia sign cooperation agreement
    28 march 2013 13:33:44
    Port-Louis, Mauritius (PANA) - Mauritius and Zambia signed an agreement Thursday with regards to several areas of cooperation between the two countries, a PANA correspondent has reported from here. Full text...

  • Thursday’s forex rates for Mauritian rupee
    28 march 2013 13:21:39
    Port-Louis, Mauritius (PANA) – Following are Thursday's foreign exchange rates for the Mauritian rupee: Full text...

  • Thursday’s forex rates for Central African CFA
    28 march 2013 13:09:40
    Libreville, Gabon (PANA) - Following are Thursday's exchange rates for the Central African CFA: Full text...

  • Thursday's forex rates for the Sudanese Pound
    28 march 2013 12:46:50
    Khartoum, Sudan (PANA) - Following are Thursday's exchange rates for the Sudanese national currency, the pound: Full text...

  • Tanzania's forex rates Thursday
    28 march 2013 06:51:17
    Dar es Salaam, Tanzania (PANA) - Following are Thursday's exchange rates for the Tanzanian shilling: Full text...

  • 2013 growth forecast in Central Africa revised downwards
    27 march 2013 19:36:53
    Brazzaville, Congo (PANA) - The governor of the Bank of Central African States (BEAC), Abaga Nchama, has announced that the growth rate in the sub-region would be 4.1% in 2013, instead of 5.2% as previously announced. Full text...

  • Wednesday’s forex rates for Mauritian rupee
    27 march 2013 19:12:56
    Port-Louis, Mauritius (PANA) – Following are Wednesday's foreign exchange rates for the Mauritian rupee: Full text...

  • Wednesday's forex rates for Central African CFA
    27 march 2013 18:09:03
    Libreville, Gabon (PANA) – Following are Wednesday's foreign exchange rates for the CFA in Central Africa. Full text...

  • Cloud computing set to drive telecoms business in Africa
    27 march 2013 16:33:08
    Dar es Salaam, Tanzania (PANA) - The future of Cloud Computing for telecommunication companies in Africa is bright, and according to a report published Wednesday by IBM, nowhere is Cloud’s potential impact on driving telecom business more relevant than in Africa. Full text...

  • ECOWAS 'determined' to improve energy access in West Africa
    27 march 2013 15:26:58
    Lagos, Nigeria (PANA) - The regional bloc Economic Community of West African States (ECOWAS) is working with stakeholders to improve access to energy in the region, which is currently under 50 percent, the ECOWAS Commission said in a statement obtained by PANA here Wednesday. Full text...

  • Grounded Nigeria's 2nd largest airline to resume operation
    27 march 2013 14:45:30
    Lagos, Nigeria (PANA) - Nigeria's second largest airline, Aero Contractors, which was grounded by regulators last week following a protracted strike by its workers, said Wednesday it would resume operations this Easter weekend. Full text...

  • African Ministers concerned over MDGs delay
    27 march 2013 11:41:46
    Abidjan, Côte d'Ivoire (PANA) - While hailing the progress made, African Ministers of Economy and Finance, Planning and Economic Development have expressed concern over the slow pace in achieving the Millennium Development Goals (MDGs) by Africa. Full text...

  • Exports boost Tanzania mainland’s balance of payments
    27 march 2013 09:31:12
    Dar es Salaam, Tanzania (PANA) - Tanzania’s external sector of the economy recorded a significant improvement in the year ended January 2013, with the current account deficit narrowing by 21.9 percent to US$3.3 billion, compared to a deficit of US$4.3 billion recorded in the corresponding period in 2012, the central bank has reported. Full text...

  • Tanzania's forex rates Wednesday
    27 march 2013 07:46:35
    Dar es Salaam, Tanzania (PANA) - Following are Wednesday's exchange rates for the Tanzanian shilling: Full text...

  • ECA: Job creation, huge challenge for Africa
    26 march 2013 21:55:18
    Abidjan, Côte d’Ivoire (PANA) – Job creation remains a huge challenge in Africa, says the 2013 edition of the economic report on Africa launched on Monday evening in Abidjan by the African Union (AU) and the Economic Commission for Africa (ECA). Full text...

  • African Finance Ministers recognise importance to capitalise on demographic dividend
    26 march 2013 20:30:02
    Abidjan, Cote d’Ivoire (PANA) – African Ministers of Finance, Planning and Economic Development have recognised the importance for the continent to introduce immediate measures to capitalize on its demographic dividend. Full text...

  • African Finance Ministers pledge to work together to develop united vision
    26 march 2013 20:21:02
    Abidjan, Cote d’Ivoire (PANA) - African Ministers of Finance, Planning and Economic Development have committed themselves to work together to develop a united vision to influence the global economic agenda and shape the outcomes of globalization for the benefit of Africans. Full text...

  • AfDB says trade integration key to macroeconomic convergence in Africa
    26 march 2013 17:52:13
    Dakar, Senegal (PANA) – The African Development Bank (AfDB) has launched a new policy paper, emphasizing that "trade integration is key to macroeconomic convergence'' in Africa, PANA reports Tuesday. Full text...

  • Tuesday's forex rates in The Gambia
    26 march 2013 13:49:37
    Dakar, Senegal (PANA) – Following are Tuesday's foreign exchange rates for the Gambian currency, The Dalasis (D): Full text...

  • Tuesday’s forex rates for Mauritanian Ouguiya
    26 march 2013 12:36:45
    Nouakchott, Mauritania (PANA) - Following are Tuesday's exchange rates for the Mauritanian Ouguiya: Full text...

  • Tuesday’s forex rates for Central African CFA
    26 march 2013 10:58:01
    Libreville, Gabon (PANA) - Following are Tuesday's exchange rates for the CFA issued by the Bank of Central African States (BEAC): Full text...

  • Tuesday's forex rates for Mauritian rupee
    26 march 2013 10:54:40
    Port Louis, Mauritius (PANA) - Following are Tuesday's exchange rates for the Mauritian rupee: Full text...

  • Tanzania's forex rates Tuesday
    26 march 2013 06:53:01
    Dar es Salaam, Tanzania (PANA) - Following are Tuesday's exchange rates for the Tanzanian shilling: Full text...

  • Africa urged to base industrialization policies on regional orientation frameworks
    25 march 2013 22:20:38
    Abidjan, Côte d’Ivoire (PANA) – African countries must base their industrialization policies on regional orientation frameworks, says this year's economic report on Africa launched on Monday by the Economic Commission for Africa (ECA) at the sixth conference of African ministers of Finance, Economic Planning and Development. Full text...

  • Africa urged to embark on mass industrialization based on raw materials
    25 march 2013 21:44:16
    Abidjan, Côte d’Ivoire (PANA) – A mass industrialization of the continent based on raw materials is necessary, possible and profitable, according to this year's economic report on Africa prepared by the Economic Commission for Africa (ECA) launched on Monday. Full text...

  • Improving taxation system vital for Zambia’s economy, report says
    25 march 2013 21:31:41
    Abidjan, Cote d’Ivoire (PANA) – The 2013 Economic Report on Africa released on Monday says Zambia could improve its copper-dominated economy which would be ploughed into growing other industries. Full text...

  • ECA urges Africa to tell own story
    25 march 2013 18:22:32
    Abidjan, Cote d’Ivoire (PANA) – As Africa prepares to celebrate the 50th anniversary of the founding of the Organization of African Unity (OAU), now African Union (AU), the United Nations Economic Commission for Africa (ECA) has called on Africa to use the current moment to tell its own story and shape Africa’s future growth trajectory. Full text...

  • Monday’s forex rates for Mauritanian Ouguiya
    25 march 2013 14:42:44
    Nouakchott, Mauritania (PANA) – Following are Monday's foreign exchange rates for the Mauritanian Ouguiya: Full text...

  • African finance experts urge AU to assess impact of Eurozone crisis
    25 march 2013 12:06:26
    Abidjan, Cote d’Ivoire (PANA) - African finance experts have urged the African Union Commission (AUC) to assess the impact of the Euro-zone crisis and the response of the International Monetary Fund (IMF) to it in relation to the African Monetary Fund (AMF). Full text...

  • Monday’s forex rates for Mauritian rupee
    25 march 2013 11:36:37
    Port Louis, Mauritius (PANA) - Following are Monday's exchange rates for the Mauritian rupee: Full text...

  • Libya to increase oil production
    25 march 2013 11:35:41
    Tripoli, Libya (PANA) - After raising its oil production to its pre-revolution level of 1.6 million barrels per day, Libya is determined to do better if the necessary conditions are met, Libya's Oil and Gas Minister Abdel Al-Bari Al-Arsi said Sunday. Full text...

  • Tanzania's forex rates Monday
    25 march 2013 07:58:05
    Dar es Salaam, Tanzania (PANA) - Following are Monday's exchange rates for the Tanzanian shilling: Full text...

  • Strong leadership, political will required for Africa's industrialization - Experts
    23 march 2013 16:42:15
    Abidjan, Cote d’Ivoire (PANA) – A successful industrialization in Africa requires strong leadership and political will from governments on the continent, according to a document by experts meeting on Industrialization and Africa’s Development which started on Thursday in Abidjan. Full text...

  • Experts suggest continental fund for industrial development
    22 march 2013 22:35:24
    Abidjan, Côte d’Ivoire (PANA) – Experts attending a meeting in the Ivorian city of Abidjan on Africa's industrialization on Friday expressed the need for a continental fund for industrial development. Full text...

  • Africa told to ignore critics of resource-based industrialization
    22 march 2013 21:58:00
    Abidjan, Cote d’Ivoire (PANA) – A senior official of the Economic Commission for Africa (ECA) has told a committee of experts meeting in the Ivorian city of Abidjan ahead of African Finance Ministers to ignore the critics of resource-based industrialization. Full text...

  • High quality human resources crucial for successful industrialization of Africa - Experts
    22 march 2013 21:09:56
    Abidjan, Côte-d’Ivoire (PANA) – High quality human resources are crucial for a successful industrialization of Africa, according to experts attending a meeting in the Ivorian city of Abidjan on the theme, “Industrialization in service of Africa’s emergence” . Full text...

  • Friday's forex rates in Nigeria
    22 march 2013 20:21:56
    Lagos, Nigeria (PANA) - Following are Friday's foreign exchange rates for the Nigerian currency, Naira, the last this week: Full text...

  • Friday's forex rates for the Gambian currency
    22 march 2013 13:37:57
    Dakar, Senegal (PANA) - Following are Friday's forex rates for the Gambian currency, The Dalasis: Full text...

  • Friday’s forex rates for Mauritian rupee
    22 march 2013 12:40:57
    Port Louis, Mauritius (PANA) - Following are Friday's exchange rates for the Mauritian rupee: Full text...

  • ECOWAS ministers endorse new regional tariff regime
    22 march 2013 07:26:57
    Lagos, Nigeria (PANA) - The 15-member West African regional bloc ECOWAS has moved closer to a customs union with the endorsement, by regional ministers of finance, of a new region wide tariff regime for West Africa, the ECOWAS Commission has announced. Full text...

  • Tanzania's forex rates Friday
    22 march 2013 06:14:40
    Dar es Salaam, Tanzania (PANA) - Following are Friday's exchange rates for the Tanzanian shilling: Full text...

  • Thursday's forex rates in Nigeria
    21 march 2013 19:49:18
    Lagos, Nigeria (PANA) - Here are Thursday's foreign exchange rates for the Nigerian currency, the Naira: Full text...

  • ECA calls for strategies leading to Africa’s economic transformation
    21 march 2013 19:06:53
    Abidjan, Cote d’Ivoire (PANA) – The United Nations Economic Commission for Africa (ECA) has implored Africa’s leading finance, economy and development experts, meeting in the Ivorian capital, Abidjan, to chart the course that will lead to Africa’s effective economic transformation and take off. Full text...

  • Nigerian regulators suspend Ecobank from capital market
    21 march 2013 16:58:39
    Lagos, Nigeria (PANA) - Nigeria's capital market regulators, the Securities and Exchange Commission (SEC), has suspended the pan-African bank, Ecobank Plc, from all capital market activities. Full text...

  • Thursday’s forex rates for Mauritian rupee
    21 march 2013 16:48:19
    Port-Louis, Mauritius (PANA) – Following are Thursday's foreign exchange rates for the Mauritian rupee: Full text...

  • AfDB gave Ghana US$ 211.6 million in 2012
    21 march 2013 16:46:35
    Dakar, Senegal (PANA) – The African Development Bank (AfDB) Group Thursday revealed that it provided a total of US$ 211.6 million in grants and loans to support Ghana’s development process in 2012. Full text...

  • ECOWAS says peace, security vital for regional integration
    21 march 2013 16:25:44
    Freetown, Sierra Leone (PANA) - ECOWAS cannot afford to divorce development from peace and stability as they are essential for Community development, given the dynamics of recurrent security challenges in the region, the Vice-President of the ECOWAS Commission, Dr. Togo Gayewea McIntosh, has said. Full text...

  • African experts explore policies to accelerate industrialization
    21 march 2013 15:23:43
    Abidjan, Cote d’Ivoire (PANA) – The committee of experts, meeting here ahead of the Conference of African Ministers of Finance and Economic Development, Thursday analyzed the theme of the conference “Industrialization for an emerging Africa” with a view to addressing how African countries can design and implement effective industrial strategies and policies that will support the promotion of value addition. Full text...

  • Thursday’s forex rates for Comoran franc
    21 march 2013 14:58:52
    Moroni, Comoros (PANA) – Following are Thursday's foreign exchange rates for the Comoran franc: Full text...

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