Economy -
  • Ghana: Friday's exchange rates for Ghana cedi
    04 august 2017 06:09:12
    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...

  • Tanzania: Friday's exchange rates for Tanzania Shilling
    04 august 2017 06:08:30
    Dar es Salaam, Tanzania (PANA) - The following are Friday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • Tunisia: ‘Tunisian economy slowly improves amidst challenges’ – IMF
    04 august 2017 06:05:07
    Tunis, Tunisia (PANA) – Economic growth is slowly improving in Tunisia, but strong consumption is fuelling inflation and further increasing already high fiscal and external deficits, according to the latest appraisal on the North African country by the International Monetary Fund (IMF). Full text...

  • Morocco: Remittances from Moroccans in diaspora hit US$6.8 billion in 2016
    03 august 2017 15:59:15
    Rabat, Morocco (PANA) - The Head of the Moroccan government has revealed that remittances from the Moroccans living overseas reached US$6.8 billion last year, according to local newspaper reports. Full text...

  • Ethiopia: AMCOMET-Africa Hydromet Forum takes place in Ethiopia
    03 august 2017 15:28:44
    Addis Ababa, Ethiopia (PANA) - The African Development Bank Group (AfDB), collaborating with other partners, is undertaking preparatory arrangements for the African Ministerial Conference on Meteorology (AMCOMET)-Africa Hydromet Forum, which is scheduled to take place at the headquarters of the African Union Commission, in Addis Ababa, Ethiopia, from 12 to 15 September, 2017. Full text...

  • Nigeria: Nigeria Technical Cooperation Fund celebrates first 10-year life cycle (2004 - 2014)
    03 august 2017 15:17:08
    Abuja, Nigeria (PANA) - The Directorate of Technical Cooperation in Africa (DTCA) of Nigeria’s Ministry of Foreign Affairs and the African Development Bank (AfDB) celebrated the completion of the first life cycle of the Nigeria Technical Cooperation Fund (NTCF) in a ceremony in Abuja on 1 August 2017. Full text...

  • Ghana: 'Ghana tranforms cocoa production, rural economy'
    03 august 2017 14:56:23
    Accra, Ghana (PANA) - The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, is championing the transformation of the rural economies of African countries as the fastest way to lift millions of people out of poverty. Full text...

  • Gambia: Thursday's forex rates for Gambian Dalasi
    03 august 2017 09:05:46
    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...

  • Tanzania: Thursday's exchange rates for Tanzania Shilling
    03 august 2017 08:00:30
    Dar es Salaam, Tanzania (PANA) - The following are Thursday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • Ghana: Thursday's exchange rates for Ghana cedi
    03 august 2017 05:37:15
    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...

  • Somalia: WB update seeks national conversation on Somalia’s economy
    02 august 2017 19:27:27
    Mogadishu, Somalia (PANA) - Somalia’s economy is projected to grow at a steady, nominal annual rate of 5% to 7% over the medium-term, according to the second Somalia Economic Update released by the World Bank Group. Full text...

  • Gabon: IMF foresees difficult economic outlook in Gabon
    02 august 2017 17:50:02
    Libreville, Gabon (PANA) - Gabon’s near-term economic outlook remains difficult, with overall growth expected to be modest at about 1 percent in 2017, according to an International Monetary Fund (IMF) mission that on Wednesday completed discussions with the authorities in Libreville on the country’s economic developments. Full text...

  • Nigeria: IMF team says Nigeria’s economic situation remains challenging
    02 august 2017 16:53:19
    Lagos, Nigeria (PANA) – Despite some signs of relief in the first half of 2017, Nigeria’s economic backdrop remains challenging, according to an International Monetary Fund (IMF) staff team that on Wednesday completed a 12-day visit to the country to discuss with Nigerian authorities recent economic and financial developments, update macroeconomic projections, and review reform implementation. Full text...

  • Gambia: Wednesday's forex rates for the Gambian Dalasi
    02 august 2017 07:45:44
    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...

  • US: IMF says ‘Morocco committed to sound economic policies’
    02 august 2017 07:32:12
    Washington, D.C., US (PANA) – Morocco’s sound economic fundamentals and overall strong track record of policy implementation have contributed to a solid macroeconomic performance in recent years, the International Monetary Fund (IMF) Executive Board has observed. Full text...

  • Tanzania: Wednesday's exchange rates for Tanzania Shilling
    02 august 2017 07:30:04
    Dar es Salaam, Tanzania (PANA) - The following are Wednesday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • Ghana: Wednesday's exchange rates for Ghana cedi
    02 august 2017 05:14:30
    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...

  • Tanzania: Tuesday's exchange rates for Tanzania Shilling
    01 august 2017 06:36:41
    Dar es Salaam, Tanzania (PANA) - The following are Tuesday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • Ghana: Tuesday's exchange rates for Ghana cedi
    01 august 2017 05:36:45
    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...

  • Mozambique: Extractives and mega projects drive economic growth in Mozambique
    31 july 2017 17:13:12
    Maputo, Mozambique (PANA) - Mozambique is increasingly a two-speed economy as extractives and mega projects drive growth, whilst other sectors lag behind, according to the third edition of the World Bank Mozambique Economic Update, released on Monday. Full text...

  • Tunisia: Tunisia aims for 10 million tourists in 2020
    31 july 2017 14:43:47
    Tunis, Tunisia (PANA) - Over 3.5 million tourists visited Tunisia since the start of the year, the Tunisian Minister for Tourism and Craftsmanship, Selma Elloumi Rekik, has said, adding that the indicators are positive and bode well for the coming season. Full text...

  • Gambia: Monday's forex rates for the Gambian Dalasi
    31 july 2017 08:01:25
    Banjul, Gambia (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...

  • Tanzania: Monday's exchange rates for Tanzania Shilling
    31 july 2017 06:49:48
    Dar es Salaam, Tanzania (PANA) - The following are Monday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • Ghana: Monday's exchange rates for Ghana cedi
    31 july 2017 05:18:08
    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...

  • Morocco: UAE disburses US$2.7 billion grants, loans to Morocco
    30 july 2017 15:59:48
    Rabat, Morocco (PANA) - The Abu Dhabi Fund for Development (ADFD) is supporting Morocco with grants and concessionary loans worth 9 billion Arab Emirates Dirham (AED) - about US$2.7 billion - for 76 development projects spanning diverse sectors, including transport, housing, water, agriculture, education and healthcare. Full text...

  • Ghana: ECOWAS body to study impact of power reforms in Member States
    29 july 2017 15:02:54
    Accra, Ghana (PANA) - ERERA, the ECOWAS Regional Electricity Regulatory Authority (ERERA) and regulator of regional cross-border trade in electricity in West Africa, says it will soon begin a study on the economic, financial and technical impact of the unbundling of the electricity sector in some ECOWAS Member States, which have carried out power sector reforms. Full text...

  • Gambia: Finance minister says gov’t will maintain VAT
    28 july 2017 16:06:58
    Banjul, Gambia (PANA) – The Gambian minister of finance and economic affairs, Amadou Sanneh, has said that the new government of President Adama Barrow will maintain Value Added Tax (VAT), introduced by the former government of Yahya Jammeh over one decade ago. Full text...

  • Gambia: Friday's forex rates for Gambian Dalasis
    28 july 2017 08:20:43
    Banjul, Gambia (PANA) – The following are Friday’s foreign exchange rates for the Gambian Dalasis (D) as published by Trust Bank Gambia Ltd: Full text...

  • Ghana: Friday's exchange rates for Ghana cedi
    28 july 2017 05:57:54
    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...

  • Cote d'Ivoire: AfDB Chief visits Ghana to strengthen cooperation
    28 july 2017 05:56:45
    Abidjan, Cote d'Ivoire (PANA) - The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, will visit Ghana from 1-4 August, 2017, as part of efforts to strengthen cooperation with the West African nation. Full text...

  • US: 'Sustainable, inclusive societies,' priority for new ECOSOC president
    27 july 2017 19:57:09
    New York, US (PANA) – A week after the High-Level Political Forum (HPLF) assessed the progress on implementing the 2030 Agenda, the newly elected President of the United Nations Economic and Social Council (ECOSOSC) has stressed her priority to push forward the Sustainable Development Goals (SDGs). Full text...

  • Kenya: Kenya keen on reducing energy cost, boost production
    27 july 2017 11:55:04
    Nairobi, Kenya (PANA) - The Kenyan Government is focused on reducing the cost of energy for manufacturers to make them more efficient in production, Energy and Petroleum Cabinet Secretary Joseph Njoroge said on Thursday. Full text...

  • Gambia: Thursday's forex rates for Gambian Dalasi
    27 july 2017 11:26:32
    Banjul, Gambia (PANA) - The following are Thursday's foreign exchange rates for the Gambian Dalasi, as issued by the Central Bank of The Gambia. Full text...

  • US: IMF gets new Director of Strategy, Policy and Review
    27 july 2017 07:05:58
    Washington D.C., US (PANA) - The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, on Wednesday named Martin Mühleisen as the Director of the Fund’s Strategy, Policy, and Review Department. Full text...

  • Ghana: Thursday's exchange rates for Ghana cedi
    27 july 2017 06:16:04
    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...

  • Tanzania: Thursday's exchange rates for Tanzania Shilling
    27 july 2017 05:59:48
    Dar es Salaam, Tanzania (PANA) - The following are Thursday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • UK: UK Foreign Office lifts Tunisia travel ban
    26 july 2017 15:15:48
    Tunis, Tunisia (PANA) - A report on website of the British Foreign and Commonwealth Office (FCO) says the UK Foreign Office has lifted its ban on travel to Tunisia after two years. Full text...

  • Gambia: Finance minster says development plan will deal with inherited challenges
    26 july 2017 14:06:27
    Banjul, Gambia (PANA) – The Gambian Minister of Finance and Economic Affairs, says the Gambian national development plan is vehicle through which government will define strategies and actions to deal with the huge economic and social challenges it inherited. Full text...

  • Gambia: Minister bemoans negative effect of money laundering on economies
    26 july 2017 12:18:30
    Banjul, Gambia (PANA) - The Gambian Minister of Finance and Economic Affairs, Amadou Sanneh, has categorised money laundering and financing of terrorism as financial crimes with significant negative economic effects on the stability of a country's financial sector or undermine its political stability and development. Full text...

  • Gambia: Wednesday's forex rates for Gambian Dalasi
    26 july 2017 11:02:30
    Banjul, Gambia (PANA) - The following are Wednesday's foreign exchange rates for the Gambian Dalasi, as issued by the Central Bank of The Gambia. Full text...

  • Tanzania: Wednesday's exchange rates for Tanzania Shilling
    26 july 2017 06:14:40
    Dar es Salaam, Tanzania (PANA) - The following are Wednesday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • Ghana: Wednesday's exchange rates for Ghana cedi
    26 july 2017 06:13:21
    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...

  • Sudan: AfDB, FAO take "Desert to Power Initiative" to Sudan, 10 other countries
    26 july 2017 06:09:13
    Khartoum, Sudan (PANA) - In a collaborative initiative, the African Development Bank (AfDB) and the Food and Agriculture Organisation (FAO) have launched the "Desert to Power programme" in 11 countries, including Sudan, with a view to transforming precarious situations in the desert part of Africa into development opportunities for local communities. Full text...

  • Egypt: Egypt’s first electric train project to cost US$1.4 billion
    25 july 2017 13:38:35
    Cairo, Egypt (PANA) - Egypt’s first electric train, linking Salam City on the outskirts of Cairo with the country’s anticipated new administrative capital, will cost US$1.4 billion, a government source said on Tuesday. Full text...

  • Botswana: Air passenger movements decrease in Botswana
    25 july 2017 13:25:14
    Gaborone, Botswana (PANA) - Botswana’s data authority has announced a decrease in air passenger movements recorded in the first quarter of the year. Full text...

  • Gambia: Tuesday's forex rates for Gambian Dalasi
    25 july 2017 13:05:00
    Banjul, Gambia (PANA) - The following are Tuesday's foreign exchange rates for the Gambian Dalasi, as issued by the Central Bank of The Gambia. Full text...

  • Tanzania: Tuesday's exchange rates for Tanzania Shilling
    25 july 2017 06:24:41
    Dar es Salaam, Tanzania (PANA) - The following are Tuesday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • Ghana: Tuesday's exchange rates for Ghana cedi
    25 july 2017 05:33:59
    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...

  • Cote d'Ivoire: NEPAD proposes regional information hub to stimulate investment in Africa
    25 july 2017 05:19:29
    Abidjan, Cote d'Ivoire (PANA) - The New Partnership for Africa's Development (NEPAD) Infrastructure Project Preparation Facility (NEPAD-IPPF) has advocated the establishment of a regional information hub to advertise bankable projects in Africa, proposing that each country should have a window linked to the centralised hub as part of an overall objective to unlock bankable investment opportunities in Africa. Full text...

  • Cote d'Ivoire: AfDB, Madagascar to cooperate on energy, agriculture
    25 july 2017 05:09:55
    Abidjan, Cote d'Ivoire (PANA) - African Development Bank (AfDB) President, Dr. Akinwumi Adesina, has announced plans by the Bank to deepen cooperation with Madagascar over the next three to four years, with emphasis on the development of the energy and agriculture sectors. Full text...

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