Economy -
  • Kenya provides war insurance guarantee for flag carrier
    26 september 2001 17:42:00
    Nairobi- Kenya (PANA) -- The Kenyan government has agreed to provide a whooping 750 million US dollars additional insurance guarantee for Kenya Airways in the wake of the US terrorist attacks, which have raised insurance premiums for commercial air carriers world-wide. Full text...

  • Tanzania commissions Canadian firm for oil exploration
    26 september 2001 17:09:00
    Dar es Salaam- Tanzania (PANA) -- Tanzania has commissioned a Canadian Company to commence oil drilling in three deep-sea wells in the Indian Ocean islands of Pemba and Zanzibar, a senior government official said Wednesday. Full text...

  • 700 million dollars for SudanAir insurance
    26 september 2001 16:40:00
    Khartoum- Sudan (PANA) -- Sudan has set aside 700 million US dollars for the insurance of its national carrier Sudan Airways, according to Finance Minister Abdulrahim Hamdi. Full text...

  • Official says no Mauritian firm associated with bin Laden
    26 september 2001 16:10:00
    Port Louis- Mauritius (PANA) -- No company operating in Mauritius is associated with Osama bin Laden, the Saudi millionaire accused of masterminding the 11 September terrorist attacks in US, the Mauritian Deputy Premier, Paul Berenger has clarified. Full text...

  • Zambian traders want Zimbabwe suspended from COMESA
    26 september 2001 16:07:00
    Lusaka- Zambia (PANA) -- The Zambia Association of Manufacturers (ZAMA) has called on the Zambian government to demand the suspension of Zimbabwe from the Common Market for Eastern and Southern Africa, or COMESA, until the economic situation in that country is stable. Full text...

  • Tanzania plans review of labour laws, policies
    26 september 2001 15:49:00
    Dar es Salaam- Tanzania (PANA) -- The Tanzanian government Wednesday disclosed that it planned to review its existing labour laws and policies to match with the country's prevailing socio- economic environment. Full text...

  • Chambishi resumes normal production
    26 september 2001 13:52:00
    Lusaka- Zambia (PANA) -- Chambishi Metals Plc, a Zambian cobalt ore processing company, has resumed normal production at its plant in the Copperbelt region after extensive repairs to its furnace were completed this week. Full text...

  • Tunisia, Texas sign maritime agreement
    26 september 2001 11:53:00
    Tunis- Tunisia (PANA) -- Officials and businessmen from Houston, Texas and Zarzis port on Tunisia's south-east Mediterranean coast have signed an agreement to establish maritime trade links. Full text...

  • Handicraft sector boosts Morocco's GDP
    26 september 2001 11:06:00
    Tunis- Tunisia (PANA) -- The handicraft sector accounts for 19 percent of Morocco's GDP and employs around 2 million people, according to press accounts citing a government report. Full text...

  • DR Congo replenishes fuel reserves
    26 september 2001 10:29:00
    Kinshasa- DR Congo (PANA) -- Deputy minister in charge of oil Kalema Losona has affirmed that DR Congo was gradually rebuilding its fuel reserves. Full text...

  • Stock Exchange seeks explanation from businesses
    26 september 2001 10:17:00
    Port Louis- Mauritius (PANA) -- The Mauritius Stock Exchange Commission late Tuesday demanded explanations from three major local companies following allegations of illegal payments between Air Mauritius and Rogers and Company. Full text...

  • DR Congo raises upward 26 000 million francs in revenue
    26 september 2001 10:05:00
    Kinshasa- DR Congo (PANA) -- DR Congo has in the first seven months of the current financial year raised 26. Full text...

  • BCEAO governor says no monetary slavery in CFA franc zone
    25 september 2001 21:55:00
    Paris- France (PANA) -- France is not holding the CFA franc zone economies in "monetary slavery" as it has often been perceived to be the case, the West African Central Bank, or BCEAO, governor Konan Banny said here Tuesday. Full text...

  • State monopoly underpays Zanzibar clove growers
    25 september 2001 20:27:00
    Dar es Salaam- Tanzania (PANA) -- A global slump in the out-turn of cloves has sent prices of the aromatic spice on international markets soaring, but growers of the crop in Zanzibar are underpaid. Full text...

  • Euro circulation not to affect CFA franc
    25 september 2001 19:31:00
    Paris- France (PANA) -- French finance minister Laurent Fabius has assured francophone African countries using the CFA franc that the monetary unit would not be affected by circulation of the euro as from January 2002. Full text...

  • Cameroon switches to seven-digit phone numbers
    25 september 2001 16:52:00
    Yaounde- Cameroon (PANA) -- Phone numbers in Cameroon will change from six to seven digits as from midnight 26 October, with each of the country's three telephone operators adopting a prefix, Posts and Telecommunications minister Maxim N'koue N'kongo announced on Monday. Full text...

  • Zambia says developed states' export subsidies be phased out
    25 september 2001 15:54:00
    Lusaka- Zambia (PANA) -- The Zambian civil society preparing for the fourth World Trade Organisation (WTO) ministerial meeting planned for early November in Doha, Qatar is calling for the phasing out of export subsidies by developed countries on all products of export interest to developing countries. Full text...

  • IMF, World Bank mission commends Burkina Faso
    25 september 2001 14:57:00
    Ouagadougou- Burkina Faso (PANA) -- A joint IMF and World Bank evaluation mission, which arrived in Ouagadougou last weekend, has commended efforts by the Burkinabe government to meet benchmarks in the country's financial and economic reform programme. Full text...

  • Kwacha depreciates by 2.14 percent
    25 september 2001 14:04:00
    Lusaka- Zambia (PANA) -- The Bank of Zambia, the country's central bank, Tuesday auctioned 4. Full text...

  • Mauritius moves to foster social integration
    25 september 2001 11:03:00
    Port Louis- Mauritius (PANA) -- Mauritius is setting up a National Economic and Social Council to promote social integration and economic development, Economic Development and Corporate Affairs Minister, Sushil Khushiram announced Tuesday. Full text...

  • Mali's budget up 8.9 percent
    25 september 2001 10:29:00
    Bamako- Mali (PANA) -- Mali has announced a deficit 2002 budget of 565. Full text...

  • Algerian, South African officials meet
    25 september 2001 10:08:00
    Algiers- Algeria (PANA) -- Algerian and South African experts are currently meeting in Algiers to prepare for a joint Commission session starting 16 October in Johannesburg, to be chaired by Presidents Thabo Mbeki and Abdelaziz Bouteflika. Full text...

  • Govt. admits failure of IMF reforms
    25 september 2001 09:08:00
    Brazzaville- Congo (PANA) -- The economic reforms recommended for Congo Brazzaville by the International Monetary Fund (IMF) has not produced the desired results, according to government officials. Full text...

  • President Wade to discuss with Swiss investors
    24 september 2001 23:39:00
    Geneva- Switzerland (PANA) -- President Abdoulaye Wade of Senegal is expected in Geneva Tuesday to begin a four-day visit, which officially starts in Bern on Thursday. Full text...

  • Accra bourse index marks time
    24 september 2001 19:44:00
    Accra- Ghana (PANA) -- The All-Share index at the Ghana Stock Exchange was unchanged on Monday as the market relapsed under heavy bearish sentiments. Full text...

  • Commonwealth Telecomm meeting opens in Mauritius
    24 september 2001 18:15:00
    Port Louis- Mauritius (PANA) -- Mauritian Prime Minister Anerood Jugnauth opened the 41st Commonwealth Telecommunications Council meeting Monday, announcing plans by his country to build a cyber-city that would serve the entire region. Full text...

  • France grants Cameroon over 8 billion francs CFA
    24 september 2001 16:32:00
    Yaounde- Cameroon (PANA) -- The governments of Cameroon and France have signed three financial agreements totalling more than 8 000 million CFA francs (11 million US dollars) to finance projects in the sectors of rural development, transport and security, press reports said Monday. Full text...

  • Rail workers' strike compounds Malawi food crisis
    24 september 2001 15:23:00
    Blantyre- Malawi (PANA) -- A strike by Malawi rail workers is threatening to compound the country's food crisis following a delay in the arrival of the first consignment of the 180,000 metric tonnes of maize ordered by the government from South Africa. Full text...

  • Renovation earmarked for Ethiopia-Djibouti railway
    24 september 2001 15:04:00
    Addis Ababa- Ethiopia (PANA) -- The Ethiopia-Djibouti railway is launching a rehabilitation programme, with indications that a South African and a British company are poised to land contracts for the project. Full text...

  • Donor meeting on CAR postponed to next week
    24 september 2001 12:07:00
    Paris- France (PANA) -- Central African Republic (CAR) prime minister Martin Ziguele's economic adviser, Emmanuel Efiadzo, said that a donors' meeting for his country slated for Monday in Paris has been postponed to next week. Full text...

  • Tanzania's exports decline in June
    24 september 2001 11:50:00
    Dar es Salaam- Tanzania (PANA) -- Tanzania's export earnings for June plummeted by 15. Full text...

  • Zambia rejects WTO proposals on new round of trade talks
    24 september 2001 11:41:00
    Lusaka- Zambia (PANA) -- The Zambian government has rejected proposals being made for launching a new round of trade talks at the fourth World Trade Organisation (WTO) ministerial meeting scheduled for early November in Doha, Qatar. Full text...

  • Burkinabe drivers observe two-day strike over killing
    24 september 2001 10:47:00
    Ouagadougou- Burkina Faso (PANA) -- The Union of Road Transport Drivers of Burkina Faso (UCRB) started a two-day strike Monday to protest against the killing of a fellow driver shot dead by a presidential security guard, the UCRB said in Ouagadougou Monday. Full text...

  • Namibia to survey for donkey meat importers
    23 september 2001 19:34:00
    Windhoek- Namibia (PANA) -- Namibia plans to conduct a survey to determine the number of donkeys in the country so as to export some of them to other countries. Full text...

  • Kenya Realises 19 Billion Shillings From Tourism
    23 september 2001 13:16:00
    Nairobi- Kenya (PANA) -- The number of tourists who visited Kenya last year rose by 12. Full text...

  • African Trade Ministers Meet In Abuja
    23 september 2001 12:30:00
    Abuja- Nigeria (PANA) -- As Africa prepares a common position ahead of the fourth ministerial conference of the World Trade Organisation in November, Organisation of African Unity Secretary-General Amara Essy has warned that the unity and solidarity of the continent should not be compromised. Full text...

  • UNDP approves 32 million dollars for Burundi
    22 september 2001 16:30:00
    Bujumbura- Burundi (PANA) -- The UN Development Programme (UNDP) has approved 31. Full text...

  • NSE equities trading appreciates
    22 september 2001 13:39:00
    Lagos- Nigeria (PANA) -- The Nigerian Stock Exchange (NSE) transactions this week recorded a bullish trend as a total of 87. Full text...

  • Rabat hosts international plastics and packaging fair
    22 september 2001 11:40:00
    Rabat- Morocco (PANA) -- Ten countries have been attending a four-day international plastics and packaging fair which ends in Casablanca Sunday. Full text...

  • Senior Air Mauritius officials charged with embezzlement
    21 september 2001 23:56:00
    Port Louis- Mauritius (PANA) -- Mauritian Police said Friday a number of senior officials of the national airline, Air Mauritius had been charged with financial embezzlement. Full text...

  • Botswana, France launch trade alliance
    21 september 2001 23:09:00
    Gaborone- Botswana (PANA) -- Trade between France and Botswana is expected to grow above the current 0. Full text...

  • Mobile customs teams claim success
    21 september 2001 22:58:00
    Maputo- Mozambique (PANA) -- The Mozambican customs service Friday said that its anti-smuggling operations on the roads between Maputo and South Africa-Swaziland in mid-August had succeeded in recovering about two billion meticais (91,000 US dollars) for the state in duties and taxes. Full text...

  • WAEMU invites European Commission president to Ouagadougou
    21 september 2001 22:55:00
    Brussels- Belgium (PANA) -- European Commission president Romano Prodi Thursday accepted an invitation to visit the Ouagadougou headquarters of the West African Economic and Monetary Union (WAEMU). Full text...

  • Mali lands Saudi loan
    21 september 2001 22:29:00
    Bamako- Mali (PANA) -- The Saudi Development Fund Thursday granted Mali a loan of about 8. Full text...

  • Customs rules liberalised on vehicle imports
    21 september 2001 22:19:00
    Maputo- Mozambique (PANA) -- Mozambican authorities have liberalised rules for importing vehicles, the general director of customs, Barros dos Santos, said Thursday. Full text...

  • Sugar production to exceed 640,000 tonnes
    21 september 2001 21:39:00
    Port Louis- Mauritius (PANA) -- The Mauritius Sugar Union announced Friday that there was a strong possibility that this year's projected production of 640,000 tonnes could be exceeded, following good weather that has prevailed on the island in the past months. Full text...

  • NSE equities daily trading
    21 september 2001 20:58:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigerian Stock Exchange for Friday, 21 September 2001. Full text...

  • Ghana Stock Exchange to promote cross border alliances
    21 september 2001 20:07:00
    Accra- Ghana (PANA) -- The Ghana Stock Exchange (GSE) is to promote cross-border alliances with two sub-regional exchanges as part of a five-year strategic plan to help boost trading activities. Full text...

  • LSE Share Index Goes Up
    21 september 2001 18:05:00
    Lusaka- Zambia (PANA) -- The all share index on Lusaka Stock Exchange went up fractionally by 0. Full text...

  • Terrorist attacks in the US shake investment in Tanzania
    21 september 2001 17:46:00
    Dar es Salaam- Tanzania (PANA) -- Worry is gripping Tanzania's foreign investment wooers following last week's terrorist attacks in the United States. Full text...

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