Economy -
  • Monday's forex rates for the Mauritian Rupee
    04 june 2018 09:25:08
    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...

  • IMF says Guinea-Bissau faces broadly positive outlook
    02 june 2018 08:19:59
    Bissau, Guinea-Bissau (PANA) – Guinea-Bissau currently appears in a broadly positive outlook, with the recent consensus-based agreement on a new government offering the prospect of greater political stability, according to a senior official of the International Monetary Fund (IMF). Full text...

  • Saturday’s forex rates for Gambian Dalasi
    02 june 2018 08:15:48
    Banjul, Gambia (PANA) – The following are Saturday’s foreign exchange rates for the Gambian Dalasi as published by Trust Bank Gambia Ltd: Full text...

  • Niger secures US$20 million from IMF to foster sustainable development
    02 june 2018 07:18:03
    Niamey, Niger (PANA) - The Executive Board of the International Monetary Fund (IMF) on Friday completed the second review of Niger’s economic and financial programme supported under the Extended Credit Facility (ECF) Arrangement, and approved US$20 million disbursement to the country. Full text...

  • Gambia implements IMF’s Enhanced General Data Dissemination System
    02 june 2018 05:52:39
    Banjul, Gambia (PANA) - The Gambia has launched a National Summary Data Page (NSDP) in implementing the recommendations of the Enhanced General Data Dissemination System (e-GDDS) of the International Monetary Fund (IMF). Full text...

  • IMF encourages Algeria to contain inflation
    01 june 2018 18:07:54
    Algiers, Algeria (PANA) – As Algeria continues to face important challenges posed by the fall in oil prices four years ago, the International Monetary Fund (IMF) has advised the north African country to pursue an independent monetary policy that should be aimed at containing inflation. Full text...

  • Friday's exchange rates for Ghana cedi
    01 june 2018 11:02:14
    Accra, Ghana (PANA) - The following are Friday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Friday’s forex rates for the Gambian Dalasi
    01 june 2018 09:21:39
    Banjul, Gambia (PANA) – The following are Friday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Migration is a net-gain for Africa, says UN report
    01 june 2018 04:16:59
    Geneva, Switzerland (PANA) - The large-scale migration of people within Africa tends to boost growth and lifts the continent’s whole economy, a new United Nations report has said, urging the world to dispel misconceptions and “harmful narratives” targeting migration. Full text...

  • Countries back ‘ambitious and comprehensive’ reform of UN development system
    01 june 2018 04:09:02
    New York, US (PANA) - The United Nations General Assembly on Thursday gave the green light to a bold new plan to make sustainable development a reality, described by UN chief António Guterres as “the most ambitious and comprehensive transformation of the UN development system in decades”. Full text...

  • Kenya Ports chief sent home over incompetence
    31 may 2018 14:49:30
    Nairobi, Kenya (PANA) - Kenya Ports Authority Managing Director, Catherine Mturi-Wairi, has been sent on compulsory leave over her failure to curb congestion at the port. Full text...

  • Thursday's exchange rates for Ghana cedi
    31 may 2018 11:39:47
    Accra, Ghana (PANA) - The following are Thursday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Thursday's forex rates for the Mauritian Rupee
    31 may 2018 09:43:47
    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...

  • Thursday’s forex rates for the Gambian Dalasi
    31 may 2018 09:09:57
    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...

  • Wednesday's forex rates for Rwandan Franc
    30 may 2018 14:17:38
    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
    30 may 2018 10:51:32
    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...

  • Wednesday’s forex rates for the Gambian Dalasi
    30 may 2018 07:02:16
    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...

  • Spirit of compromise needed to combat workplace ‘brutalism’ – ILO
    29 may 2018 19:57:25
    Geneva, Switzerland (PANA) - The head of the United Nations labour agency has called for a new spirit of cooperation and consensus between workers, employers and Governments, to end what he called the “new brutalism” of sexual harassment and violence in the workplace. Full text...

  • Portugal to host inaugural EurAfrican Forum
    29 may 2018 13:55:52
    Nairobi, Kenya (PANA) - More than 300 African and European leaders, political and economic decision-makers, entrepreneurs and representatives of associations and the civil society, will converge in Estoril, Portugal, on July 10 for the inaugural EurAfrican Forum. Full text...

  • Kenyan State oil corporation, top bank seal oil supply deal
    29 may 2018 13:34:53
    Nairobi, Kenya (PANA) - The National Oil Corporation of Kenya (NOCK) on Tuesday launched a partnership between itself, Equity Bank and Eqwipetrol, a recently launched local fuel supply company. Full text...

  • AfDB, Green Climate Fund and Africa 50 support Desert to Power programme
    29 may 2018 13:28:04
    Abidjan, Cote d'Ivoire (PANA) - The African Development Bank, the Green Climate Fund (GCF) and the Africa50 investment fund signed a letter of intent to collaborate on the Desert to Power programme. Full text...

  • Air Seychelles orders A320neo Airbus aircraft
    29 may 2018 11:43:50
    Port-Louis, Mauritius (PANA) - Air Seychelles, the national airline of the Seychelles, on Tuesday announced its first order of the new generation A320neo (new engine option) aircraft as part of the plan to refresh its fleet and increase efficiency on its regional network. Full text...

  • Tuesday’s forex rates for the Gambian Dalasi
    29 may 2018 08:04:18
    Banjul, Gambia (PANA) – The following are Tuesday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • 2018 tourist arrivals in Mauritius forecast to hit 1.41 million
    29 may 2018 06:45:11
    Port-Louis, Mauritius (PANA) – Statistics Mauritius, a Mauritian governmental body, said on Tuesday that tourist arrivals are forecast of 1.41 million in 2018. Full text...

  • Monday's forex rates for Rwandan Franc
    28 may 2018 13:16:10
    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...

  • Global tea consumption, production driven by robust demand in China, India - FAO
    28 may 2018 11:15:51
    Rome, Italy (PANA) - Global tea consumption and production are projected to keep rising over the next decade, driven by robust demand in developing and emerging countries. Full text...

  • Monday's exchange rates for Ghana cedi
    28 may 2018 10:48:59
    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 the Mauritian Rupee
    28 may 2018 10:39:04
    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...

  • Monday’s forex rates for the Gambian Dalasi
    28 may 2018 06:48:37
    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...

  • Ministerial Working Group on Single African Air Transport Market meets in Togo
    27 may 2018 06:42:41
    Lone, Togo (PANA) - The fourth meeting of the Ministerial Working Group on the Single African Air Transport Market (SAATM) takes place in Lome, Togo, on Monday, to harmonize Bilateral Air Service Agreements (BASAs) among members of the Single African Air Transport Market, among other objectives. Full text...

  • Rwanda ratifies AfCFTA, Protocol on Free Movement of Persons and the African Passport
    27 may 2018 06:25:58
    Addis Ababa, Ethiopia (PANA) - Rwanda on Saturday deposited its ratification instruments of the Agreement on the Continental Free Trade Area (AfCFTA) and the Protocol on Free Movement of Persons and the African Passport, with the African Union Commission (AUC). Full text...

  • Australian firm abandons bid in Tanzania over Mbengué Gold Project in Côte d’Ivoire
    26 may 2018 11:41:32
    Dar es Salaam, Tanzania (PANA) - Manas Resources Limited, an Australia Stock Exchange (ASX)-listed gold company has announced the termination of its bid to acquire Victoria gold project, in Tanzania, after a lack of progress to transfer the licence, as well as challenging conditions facing mining companies operating in the country. Full text...

  • Saturday’s forex rates for Gambian Dalasi
    26 may 2018 08:32:29
    Banjul, Gambia (PANA) – The following are Saturday’s foreign exchange rates for the Gambian Dalasi as published by Trust Bank Gambia Ltd: Full text...

  • AfDB meetings end in South Korea, Equatorial Guinea to host 2019 events
    25 may 2018 19:13:31
    Busan, South Korea (PANA) - The 53rd Annual Meetings of the African Development Bank (AfDB) were concluded on Friday in Busan, South Korea, as participants came away satisfied with the decision to increase the bank's capital, among other issues. Full text...

  • Friday’s forex rates for the Gambian Dalasi
    25 may 2018 08:45:30
    Banjul, Gambia (PANA) – The following are Friday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • AfDB's Board of Governors reviews bank performance
    25 may 2018 04:49:53
    Busan, South Korea (PANA) - Nearly 27 million Africans are expected to quickly be affected by the Enlighten Africa priority and provide energy while another 23 million could be affected by the Feed Africa initiative. Full text...

  • With strong financial profile, AfDB is spearheading Africa’s economic transformation
    25 may 2018 04:48:53
    Busan, South Korea (PANA) - The African Development Bank (AfDB) has a very strong financial profile and remains focused in optimising and strengthening its balance sheet to more effectively accompany African countries in achieving the Sustainable Development Goals. Full text...

  • AfDB delivers strong operational results
    25 may 2018 04:29:52
    Busan, South Korea (PANA) - The African Development Bank (AfDB) is delivering on its goals and making good progress towards achieving its development and operational targets, according to the 2018 Annual Development Effectiveness Review (ADER) which was released at the Bank’s Annual Meetings in Busan, South Korea. Full text...

  • ‘Gambia open for business’ – Barrow tells investors
    24 may 2018 17:40:52
    Banjul, Gambia (PANA) – Gambian President Adama Barrow Thursday urged international investors to take advantage of the limitless business and investment opportunities in his country, announcing that “the Gambia is ready for business.” Full text...

  • Gambians react to Europe's 1.45 billion-euro pledge
    24 may 2018 15:46:27
    Banjul, Gambia (PANA) - Gambians have been reacting to the 1.45 billion Euros pledge made by donor partners at a recent meeting in Brussels, Belgium, PANA reported Thursday. Full text...

  • SAMOA Pathway preparatory meeting underway in Mauritius
    24 may 2018 15:44:37
    Balaclava, Mauritius (PANA) - Mauritian Foreign Affairs Minister Vishnu Lutchmeenaraidoo has said that Small Islands Developing States (SIDS) should not despair but take their future in their hands, use their visions and know-how to develop themselves, depend on themselves despite their remoteness. Full text...

  • Thursday's forex rates for Rwandan Franc
    24 may 2018 13:54:07
    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...

  • AfDB achieves historic disbursement of US$ 7.81 billion, exceeding 2017 target
    24 may 2018 13:16:03
    Busan, South Korea (PANA) - The African Development Bank (AfDB), under the leadership of President, Akinwumi Adesina, has increased disbursements to support the structural transformation of countries in Africa, according to its Annual Report, released during the Annual Meetings in Busan, Korea. Full text...

  • Thursday's exchange rates for Mauritanian Ouguiya
    24 may 2018 13:09:38
    Nouakchott, Mauritania (PANA) - Following are Thursday’s exchnage rates for the Ouguiya, as issued by the central bank of Mauritania. Full text...

  • Thursday's forex rates for Mauritian Rupee
    24 may 2018 13:07:01
    Port-Louis, Mauritius (PANA) - Following are Thursday’s exchange rates for the Rupee, as issued by the commercial bank of Mauritius. Full text...

  • Thursday's exchange rates for Ghana cedi
    24 may 2018 10:41:32
    Accra, Ghana (PANA) - The following are Thursday's exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Thursday’s forex rates for the Gambian Dalasi
    24 may 2018 08:31:42
    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...

  • South Korea announces US$5-billion financial package for Africa
    24 may 2018 05:41:39
    Busan, South Korea (PANA) - The South Korean Government and the African Development Bank (AfDB) have issued a Joint declaration following the conclusion of the Ministerial Roundtable of the Korea-Africa Economic Cooperation (KOAFEC) Conference taking place on the sidelines of the ongoing AfDB's 53rd Annual Meetings in which Seoul announced a US$5-billion bilateral financial assistance package for Africa. Full text...

  • Tackling corruption ‘from the top down’ essential, declares UN chief
    23 may 2018 22:36:49
    New York, US (PANA) - Corruption and complicity know no geographical boundaries, and it is society’s most vulnerable who get hurt the most, senior United Nations officials said on Wednesday, calling on Government leaders to fight the scourge, “from the top down”. Full text...

  • First African Observatory to tackle the continent’s road safety crisis
    23 may 2018 18:39:42
    Leipzig, Germany (PANA) - The World Bank, the Fédération Internationale de l’Automobile (FIA), and the International Transport Forum (ITF) signed a Memorandum of Understanding (MoU) on Wednesday to establish the first regional Road Safety Observatory in Africa. Full text...

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