Economy -
  • South Africa's business confidence holding
    11 september 2001 09:22:00
    Cape Town- South Africa (PANA) -- The South African Chamber of Business (SACOB) Business Confidence Index (BCI) maintained July's level of 109 points for August despite unstable economic developments in the region. Full text...

  • Kenya Airways continues fleet renewal programme
    11 september 2001 09:07:00
    Nairobi- Kenya (PANA) -- Kenyan Airways, one of Africa's best performing air transport Companies, has concluded the first phase of its 10-year 750-million-dollar fleet renewal programme with the delivery of a new long-range Boeing 737-700 at the Kenyatta International Airport in Nairobi on Monday. Full text...

  • Morocco gets 50 million euro EIB water supply loan
    10 september 2001 23:24:00
    Rabat- Morocco (PANA) -- Morocco and the European Investment Bank (EIB) Monday signed a loan agreement worth 50 million euros to finance potable water projects in the kingdom. Full text...

  • Rich Africans Not Taking the Lead In Investment
    10 september 2001 19:34:00
    Paris- France (PANA) -- Potential foreign investors often keep their capital away from Africa because successful African businessmen have not taken the lead to put money in their own economies, says an economist with the UN Conference on Trade and Development. Full text...

  • Government denies involvement in mining bid
    10 september 2001 18:34:00
    Lusaka- Zambia (PANA) -- The Zambian government has refuted reports that it was involved in the privatisation of Roan Antelope Mining Corporation of Zambia (RAMCOZ). Full text...

  • Tanzania woos French investors
    10 september 2001 17:41:00
    Paris- France (PANA) -- A high level Tanzanian delegation led by Planning and Privatisation minister Abdallah Kigoda arrived in Paris Monday to promote the country's investment opportunities. Full text...

  • Mkapa woos Commonwealth investors
    10 september 2001 15:31:00
    Dar es Salaam- Tanzania (PANA) -- President Benjamin Mkapa Monday urged investors from the Commonwealth to explore the business opportunities in Tanzania. Full text...

  • Union of African investors formed in Libya
    10 september 2001 14:44:00
    Tripoli- Libya (PANA) -- A Union of African investors (UIA), has been formed in the Libyan capital Tripoli, seeking to encourage investments in the social and infrastructural sectors of the continent. Full text...

  • Zimbabwe bank to merge with South African rival
    10 september 2001 13:04:00
    Harare- Zimbabwe (PANA) -- One of Zimbabwe's fastest growing banks said Monday it was in talks with a South African rival for a possible merger which would create one of the biggest banking groups in the southern African country. Full text...

  • Togolese opposition leader calls for strong industrial policy
    09 september 2001 17:33:00
    Paris- France (PANA) -- A leading Togolese opposition leader, Gilchrist Olympio, has stated that African states would only achieve sustainable economic growth by introducing strong industrial policies. Full text...

  • Donors pledge 1,100 million dollars aid to Tanzania
    09 september 2001 10:33:00
    Dar es Salaam- Tanzania (PANA) -- Donors and aid agencies have pledged about 1,100 million dollars in development support to Tanzania during the financial year ending mid-2002. Full text...

  • Ethiopian importers fail to clear goods from Djibouti port
    09 september 2001 09:49:00
    Addis Ababa- Ethiopia (PANA) -- Ethiopian importers have been reminded to clear their goods which have been warehoused at the port of Djibouti for several years, the national radio reported Sunday. Full text...

  • Civil society tackles Tanzania government
    08 september 2001 20:09:00
    Dar es Salaam- Tanzania (PANA) -- Civil Society Organisations (CSOs) in Tanzania have criticised the government over their "minimal" involvement in ongoing consultations with the country's donors. Full text...

  • Donors attach conditions to increased aid to Tanzania
    08 september 2001 19:05:00
    Dar es Salaam- Tanzania (PANA) -- Donor agencies have pledged about 1,100 million US dollars in support of programmes in Tanzania for the financial year 2001/2002, a World Bank official said in Dar es Salaam Saturday. Full text...

  • South African company eyes beleaguered Zambian mine
    08 september 2001 18:10:00
    Lusaka- Zambia (PANA) -- South African mining giant Anglovaal Mining Corporation is to bid for the take-over of the now closed and debt ridden Roan Antelope Mining Corporation of Zambia Plc. Full text...

  • NSE records decline in equities trading
    08 september 2001 15:48:00
    Lagos- Nigeria (PANA) -- The Nigerian Stock Exchange (NSE) equities traded dropped this week with 69 million shares worth 542 million naira transacted in 8,365 deals, against 100. Full text...

  • Mocumbi optimistic over bank talks
    08 september 2001 15:38:00
    Maputo- Mozambique (PANA) -- Negotiations for the re- privatisation of the crisis-ridden Austral Bank, the fourth largest bank in Mozambique, are "proceeding normally", according to Prime Minister Pascoal Mocumbi. Full text...

  • Japan reschedules Kenya's debt
    08 september 2001 14:12:00
    Nairobi- Kenya (PANA) -- Outgoing Japanese ambassador Morihisa Aoki Friday announced the postponement of the repayment of 5. Full text...

  • Zimbabwean banks eye regional markets
    08 september 2001 12:16:00
    Harare- Zimbabwe (PANA) -- Saddled with ballooning bad debts, a growing number of Zimbabwean banks are increasingly looking outside the country's borders for investment to remain viable. Full text...

  • Zimbabwe stocks rally after dip
    08 september 2001 11:42:00
    Harare- Zimbabwe (PANA) -- Share prices on the Zimbabwe Stock Exchange (ZSE) ended the week firm as scores of investors returned to the market to snap up lowly priced stocks following massive profit taking last month. Full text...

  • Smuggled sugar threatens local industry
    08 september 2001 09:50:00
    Maputo- Mozambique (PANA) -- The director of Mozambique's National Sugar Institute, Arnaldo Ribeiro, has estimated that at least 70,000 tonnes of sugar is smuggled into the country annually. Full text...

  • Tanzania struggles to achieve strong external position
    07 september 2001 21:10:00
    Dar es Salaam- Tanzania (PANA) -- Tanzania Friday undertook to deepen the implementation of wide ranging monetary fiscal policies aimed at lowering the country's inflation rate and maintaining a strong external position. Full text...

  • Burundi Telecomm workers on strike
    07 september 2001 21:09:00
    Bujumbura- Burundi (PANA) -- Burundi Telecommunications National Office (TNO), workers launched an indefinite strike Thursday demanding the immediate resignation of their Managing Director and his assistant in charge of the Trade Department. Full text...

  • Quality hinders Tanzania's participation in AGOA
    07 september 2001 20:42:00
    Dar es Salaam- Tanzania (PANA) -- Businessmen in Tanzania are set to benefit from the Africa Growth Opportunity Act (AGOA) beginning October after meeting all conditions for entry into the USA market. Full text...

  • IMF adopts Côte d'Ivoire's interim economic programme
    07 september 2001 20:35:00
    Abidjan- Côte d'Ivoire (PANA) -- In a move indicative of the country's improved relations with donor institutions, the IMF has approved a six-month interim programme for Côte d'Ivoire. Full text...

  • IMF nods to Tanzania's aid request
    07 september 2001 20:23:00
    Dar es Salaam- Tanzania (PANA) -- The International Monetary Fund (IMF) has given an emphatic nod to Tanzania's request for programme and project assistance amounting to over 2,000 million US dollars for 2001 and 2002 fiscal year. Full text...

  • Pressure Mounts On Zambian Kwacha
    07 september 2001 11:32:00
    Lusaka- Zambia (PANA) -- Demand weighed down heavily on the kwacha Friday as the Bank of Zambia decided to return to the foreign exchange auction window with an offer of 2. Full text...

  • LSE share index slips
    07 september 2001 07:54:00
    Lusaka- Zambia (PANA) -- Lusaka Stock Exchange all share index slipped by a slight margin in spite of an upsurge in activity which saw more than 31,000 shares change hands this week. Full text...

  • NATAU and TransNamib wage negotiations deadlocked
    06 september 2001 23:28:00
    Windhoek- Namibia (PANA) -- Wage negotiations between Namibia Transport and Allied Workers Union (NATAU) and TransNamib management reached a deadlock as the parties failed to reach consensus. Full text...

  • Tanzania moves against tax evasion by gambling promoters
    06 september 2001 23:15:00
    Dar es Salaam- Tanzania (PANA) -- The Tanzanian government is stepping up measures to maximise revenue from the gaming industry amid reports that promoters are dodging tax by falsifying their margin of profits. Full text...

  • ITU publishes a study on telecommunications in Morocco
    06 september 2001 22:59:00
    Rabat- Morocco (PANA) -- The International Telecommunications Union (ITU) has published a study on regulations governing telecommunications in Morocco, official sources in Rabat said Wednesday. Full text...

  • Poverty sets back Tanzania's economic achievements
    06 september 2001 21:21:00
    Dar es Salaam- Tanzania (PANA) -- A study conducted to perfect Tanzania's poverty reduction blueprint has revealed a yawning gap between the rich and the poor, with those at the bottom stratum sinking into deeper apathy. Full text...

  • Botswana qualifies to export textiles to US
    06 september 2001 19:55:00
    Gaborone- Botswana (PANA) -- Botswana has qualified to export textile products to the US market under the African Growth and Opportunity Act (AGOA) signed into law in May 2000, press reports said Thursday in Gaborone. Full text...

  • Kinshasa University to host symposium on economy
    06 september 2001 19:10:00
    Kinshasa- DR Congo (PANA) -- A four-day international symposium to assess the current situation of the DR Congo's opens on 24 September at the University of Kinshasa, official sources said. Full text...

  • Namibian transport workers insist on higher pay
    06 september 2001 19:04:00
    Windhoek- Namibia (PANA) -- Representatives of Namibia's Transport and Allied Workers Union (NATAU), Thursday continued negotiations with the management of State-run TransNamib Company over demand for pay rise. Full text...

  • Insurance company stops farming business
    06 september 2001 18:25:00
    Harare- Zimbabwe (PANA) -- An American multinational insurance company said Thursday it was stopping providing insurance services to Zimbabwe's troubled agriculture industry. Full text...

  • South African company buys cement manufacturer
    06 september 2001 17:20:00
    Harare- Zimbabwe (PANA) -- South Africa's Pretoria Portland Cement Thursday acquired a Zimbabwean cement producer for 54 million US dollars after months of negotiations. Full text...

  • Zimbabwe company buys stake in Telkom Kenya
    06 september 2001 16:54:00
    Harare- Zimbabwe (PANA) -- A Zimbabwean telecommunication company said Thursday it had signed a preliminary agreement with the Kenyan government to acquire a 49 percent stake in state telephone operator Telkom Kenya. Full text...

  • Guinea Bissau exports 50,000 tons of cashew nuts
    05 september 2001 22:55:00
    Bissau- Guinea Bissau (PANA) -- Guinea Bissau has exported about 50,000 tons of cashew nuts out of a production forecast of 100,000 tons in 2001, the Secretary of State for Trade, Antonio Sherifo Embalo, said in Bissau Tuesday. Full text...

  • Botswana stays privatisation of airline
    05 september 2001 21:54:00
    Gaborone- Botswana (PANA) -- The privatisation of Air Botswana, which was supposed to jump-start government divestiture in state-owned enterprises has hit a snag. Full text...

  • IMF sizes up Cameroon's reform programme
    05 september 2001 21:23:00
    Douala- Cameroon (PANA) -- An IMF delegation was due in Yaounde Wednesday for a week-long routine mission to assess progress in Cameroon's ongoing economic reform. Full text...

  • Namibian dealer suspends business in DR Congo
    05 september 2001 19:57:00
    Windhoek- Namibia (PANA) -- Namibia-based B Full text...

  • NSE equities daily trading
    05 september 2001 19:32:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigeria Stock Exchange for Wednesday, 5 September 2001. Full text...

  • SADC ministers prepare for Doha WTO meeting
    05 september 2001 16:51:00
    Port-Louis- Mauritius (PANA) -- Southern African Development Community (SADC) ministers on Wednesday stressed the need for the World Trade Organisation meeting in Doha, Qatar to redress imbalances in the existing multilateral trading system. Full text...

  • Nigeria to save funds from higher oil prices
    05 september 2001 14:22:00
    Abuja- Nigeria (PANA) -- Nigeria says it will save funds accruing from the sale of excess crude oil instead of sharing the money as was the practice in the past. Full text...

  • Ecowas investigates Ghana's allegations
    05 september 2001 11:20:00
    Bamako- Mali (PANA) -- The Executive Secretary of the Economic Community of West African States (ECOWAS) has sent a mission to Sikasso, southern Mali, to investigate neighbouring Ghana's complaint about diseased livestock and drug traffickers intruding on its territory. Full text...

  • German loan for road improvement in Cameroon
    05 september 2001 10:44:00
    Douala- Cameroon (PANA) -- Cameroon and the German agency, KFW (Credit for reconstruction office), have signed two loan agreements amounting to 5. Full text...

  • Sudan opens port for fuel exports
    05 september 2001 10:28:00
    Khartoum- Sudan (PANA) -- Increased petroleum production has prompted the government of Sudan to open a new port for handling fuel exports, Energy and Mining Minister Awad Ahmed Al-Jaz disclosed Wednesday. Full text...

  • Govt surveys impact of fuel prices on economy
    05 september 2001 09:36:00
    Praia- Cape Verde (PANA) -- Assisted by the World Bank, the government of Cape Verde is undertaking a study on the impact of petroleum prices on the country's economy. Full text...

  • Zambian food basket records huge increase
    04 september 2001 23:26:00
    Lusaka- Zambia (PANA) -- The cost of a food basket for a family of six living in Zambia has jumped up from the July position to 348,500 kwacha (96 US dollars) as at the end of August. Full text...

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