Economy -
  • AfDB releases first-ever highlights of 2018 African Economic Outlook in Arabic, Hausa, Kiswahili
    17 april 2018 07:07:39
    Abidjan, Cote d'Ivoire (PANA) - For the first time ever, the African Development Bank (AfDB) has released summaries of the African Economic Outlook (AEO), its main flagship report, in three African languages - Arabic, Hausa and Kiswahili - the three languages among the most widely spoken by over 300 million Africans. Full text...

  • WB to back Congo's programme with IMF
    16 april 2018 15:36:42
    Brazzaville, Congo (PANA) - Congo’s administrator to the World Bank, Seydou Bouda, on Monday in Brazaville said that the financial institution would support the programme his country will conclude with the International Monetary Fund (IMF). Full text...

  • Monday's forex rates for Mauritian Rupee
    16 april 2018 14:31:48
    Port-Louis, Mauritius (PANA) - Following are Monday’s exchange rates for the Rupee, as issued by the commercial bank of Mauritius. Full text...

  • German pump manufacturer sets up regional office in Nairobi
    16 april 2018 11:51:48
    Nairobi, Kenya (PANA) - Leading pump manufacturer Wilo Group has opened the East African office in Nairobi because Kenya is a key regional player and a major communications and logistic hub, the company said on Monday. Full text...

  • Monday’s forex rates for the Gambian Dalasi
    16 april 2018 10:15:12
    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...

  • Monday's exchange rates for Ghana cedi
    16 april 2018 09:03:32
    Accra, Ghana (PANA) - The following are Monday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Monday's forex rates for Rwandan Franc
    16 april 2018 08:57:39
    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...

  • IMF Board approves Chad’s economic performance under ECF programme
    15 april 2018 09:20:07
    Ndjamena, Chad (PANA) – Thanks to strong commitment by Chadian authorities and satisfactory economic performance, the Executive Board of the International Monetary Fund (IMF) has announced an immediate disbursement of US$51 million support to the country’s structural reform programme. Full text...

  • IMF cautions Tunisia on rising inflation, public and external debt
    15 april 2018 08:24:40
    Tunis, Tunisia (PANA) – Opposite trends continue to characterize the Tunisian economy in early 2018, according to a report by an International Monetary Fund (IMF) staff team that has found economic growth in the North African country picking up, led by a good agriculture season, increases in investment and an early recovery in exports. Full text...

  • Friday's forex rates for Rwandan Franc
    13 april 2018 14:17:51
    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...

  • Friday's foreign exchange rates for Mauritanian Ouguiya
    13 april 2018 14:15:33
    Nouakchott, Mauritania (PANA) - Following are Friday’s exchange rates for the Ouguiya, as issued by the central bank of Mauritania. Full text...

  • Friday's forex rates for Mauritian Rupee
    13 april 2018 14:11:56
    Port-Louis, Mauritius (PANA) - Following are Friday’s foreign exchange rates for the Rupee, as issued by the commercial bank of Mauritius. Full text...

  • 4th regional sustainable development forum holds in May in Dakar
    12 april 2018 15:54:31
    Cotonou, Benin (PANA) - The Senegalese capital, Dakar, will on 2-4 May host the fourth session of the African regional forum on sustainable development (ARFSD), under the theme "Transformation towards durable and resilient societies", official sources said on Thursday in Cotonou. Full text...

  • African Natural Resources Centre to host West Africa gas competence seminar
    12 april 2018 15:49:40
    Abidjan, Côte d’Ivoire (PANA) - The African Natural Resources Centre of the African Development Bank (AfDB) will host a high-level West Africa gas competence seminar in Abidjan, Côte d’Ivoire, on April 17-18, 2018. Full text...

  • Nigeria's inflation rate drops to 13.34% in March 2018
    12 april 2018 15:22:40
    Abuja, Nigeria (PANA) – Nigeria’s National Bureau of Statistics on Thursday said that the nation’s inflation rate, measured by the Consumer Price Index (CPI), dropped from 14.33% in February to 13.34% in March year-on-year. Full text...

  • Thursday's forex rates for Mauritian Rupee
    12 april 2018 15:11:17
    Port-Louis, Mauritius (PANA) - Following are Thursday’s foreign exchange rates for the Rupee, as issued by the commercial bank of Mauritius. Full text...

  • Thursday’s forex rates for Gambian Dalasi
    12 april 2018 13:16:40
    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...

  • Thursday's forex rates for Rwandan Franc
    12 april 2018 09:19:19
    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...

  • Thursday's forex rates for Ghana cedi
    12 april 2018 09:17:16
    Accra, Ghana (PANA) - The following are Thursday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Wednesday’s forex rates for Gambian Dalasi
    11 april 2018 15:02:26
    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...

  • Wednesday's forex rates for Mauritanian Ouguiya
    11 april 2018 12:00:21
    Nouakchott, Mauritania (PANA) - Following are Wednesday’s exchange rates for the Ouguiya, as issued by the central bank of Mauritania. Full text...

  • Wednesday's forex rates for Rwandan Franc
    11 april 2018 11:10:10
    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...

  • Wednesday's forex rates for the Mauritian Rupee
    11 april 2018 08:15:55
    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...

  • Southern Africa finance chiefs hail AfDB
    11 april 2018 06:53:20
    Abidjan, Cote d'Ivoire (PANA) - Southern African Governors of the African Development Bank (AfDB) have described the Bank as the future of Africa’s development and called on it to lead the way to faster-paced development of the continent. Full text...

  • Senegal Solar power deal produces lowest power cost in Africa - WB
    10 april 2018 16:37:08
    Nairobi, Kenya (PANA) - The World Bank Group’s Scaling Solar programme has set a new benchmark in Senegal resulting in two bids that will produce electricity for under 4 Euro cents (roughly 5 US cents) per kilowatt hour, the bank said in a press statement Tuesday. Full text...

  • Tuesday's forex rates for Rwandan Franc
    10 april 2018 13:34:22
    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...

  • Tuesday's exchange rates for Ghana cedi
    10 april 2018 09:32:48
    Accra, Ghana (PANA) - The following are Tuesday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • UN population forum urged to examine ways to protect people on the move
    10 april 2018 07:51:19
    New York, US (PANA) - A great migration of humanity into cities is under way, and with millions drawn to urban areas for the promise of a better life, the main United Nations forum on population opened its annual session on Monday examining ways to protect people on the move and help create cities that can embrace the massive number of new arrivals. Full text...

  • Nigeria's foreign reserves rise to $47.37 bn
    09 april 2018 20:10:07
    Abuja, Nigeria (PANA) – The Central Bank of Nigeria (CBN) on Monday said that the country's foreign reserves hit $47.37 billion as at last Thursday, up about $8.83 million from about $46.2 billion at the end of March. Full text...

  • Monday’s forex rates for the Gambian Dalasi
    09 april 2018 14:01:06
    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...

  • Monday's forex rates for Rwandan Franc
    09 april 2018 10:43:20
    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...

  • Monday's forex rates for the Mauritian Rupee
    09 april 2018 09:33:22
    Port-Louis, Mauritius (PANA) - Following are Monday’s foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Flights resume at Kigali Int'l Airport after bad weather forced hours of shutdown
    06 april 2018 14:11:16
    Kigali, Rwanda (PANA) - Rwandan aviation authorities on Friday announced that air traffic has gradually restarted after all international and domestic flights were suspended for several hours due to bad weather. Full text...

  • Friday's forex rates for Rwandan Franc
    06 april 2018 13:25:34
    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...

  • Friday's forex rates for the Mauritanian Ouguiya
    06 april 2018 11:43:14
    Nouakchott, Mauritania (PANA) - Following are Friday’s foreign exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Congo to establish national centre for economic information
    06 april 2018 09:18:28
    Brazzaville, Congo (PANA) - The Republic of Congo is to establish a national centre for economic information and management consulting, government spokesman Thierry Lezin Moungalla announced on Thursday after a cabinet meeting. Full text...

  • Friday's forex rates for the Mauritian Rupee
    06 april 2018 08:35:36
    Port-Louis, Mauritius (PANA) - Following are Friday’s foreign exchange rates for the Mauritian Rupee, as issued by the Commercial Bank of Mauritius. Full text...

  • Ivorian authorities, IMF staff agree faster reforms to maintain high growth rate
    05 april 2018 19:32:27
    Abidjan, Côte d’Ivoire (PANA) – International Monetary Fund (IMF) staff and the Ivorian authorities on Thursday concurred on the need to accelerate reforms critical to maintaining growth at a sustainable pace and continue making it more inclusive in the West African country. Full text...

  • Sudanese Council of Ministers approves bill on hard currency control
    05 april 2018 18:35:29
    Khartoum, Sudan (PANA) – Sudanese authorities on Thursday adopted a bill incriminating dealing in hard currency and imposing penalties ranging from long prison term to confiscation of money, vehicles, properties, and real estate which involve illegal transaction. Full text...

  • AfDB approves US$50m risk participation deal for Africa’s trade finance market demand
    05 april 2018 18:03:46
    Abidjan, Cote d’Ivoire (PANA) - The Board of Directors of the African Development Bank (AfDB) has approved a US $50-million unfunded Risk Participation Agreement for Commerzbank AG, a German banking and financial services company based in Frankfurt. Full text...

  • Thursday's forex rates for Rwandan Franc
    05 april 2018 10:27:07
    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...

  • Togo plans ministerial meeting on Single African Air Transport Market
    04 april 2018 19:03:32
    Addis Ababa, Ethiopia (PANA) – President Faure Essozimna Gnassingbé of Togo is planning to convene a ministerial meeting in Lomé, in May 2018, bringing together all key stakeholders to take forward the commitments made by African Union (AU) Member States regarding the Single African Air Transport Market. Full text...

  • Wednesday's forex rates for Rwandan Franc
    04 april 2018 13:34:10
    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...

  • Wednesday's forex rates for the Mauritanian Ouguiya
    04 april 2018 11:00:44
    Nouakchott, Mauritania (PANA) - Following are Wednesday’s foreign exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

  • Mining sector in sub-Saharan Africa faces illegal mining challenges, regulatory risks
    04 april 2018 09:34:51
    Dar es Salaam, Tanzania (PANA) - Widespread illegal mining activity and rising regulatory risks are two leading challenges that will face the sub-Saharan Africa mining sector in the coming months, Creamer Media Online, a South Africa-based industry news medium, reported on Wednesday quoting research and analysis firm BMI Research. Full text...

  • Wednesday's forex rates for the Mauritian Rupee
    04 april 2018 09:13:52
    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...

  • Sub-Saharan Africa growth to surpass $2 trillion by 2020 - IFC
    04 april 2018 08:45:47
    Nairobi, Kenya (PANA) - Sub-Saharan African economy will surpass $2 trillion in the next two years, the International Finance Corporation (IFC) says in a new report. Full text...

  • Rwanda reacts to US measure on suspension from AGOA
    03 april 2018 18:35:05
    Kigali, Rwanda (PANA) - Rwanda on Tuesday described the recent notification by the United States on suspension of duty-free status for Rwandan apparel products under the African Growth and Opportunity Act (AGOA) as an action taken at the discretion of the United States. Full text...

  • Tuesday's forex rates for Rwandan Franc
    03 april 2018 13:27:24
    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...

  • Tuesday's forex rates for the Mauritian Rupee
    03 april 2018 12:01:14
    Nouakchott, Mauritania (PANA) - Following are Tuesday’s foreign exchange rates for the Mauritanian Ouguiya, as issued by the Central Bank of Mauritania. Full text...

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