Economy -
  • Chissano stresses need to tackle poverty
    30 august 2001 21:15:00
    Maputo- Mozambique (PANA) -- Mozambican President Joaquim Chissano argued on Thursday that strategies for sustainable development must seek to bring about economic growth and aim at eradicating absolute poverty, which affects around 60 percent of the population. Full text...

  • NSE equities daily trading
    30 august 2001 18:37:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigeria Stock Exchange for Thursday, 30 August, 2001. Full text...

  • Stocks soften at Zimbabwe Stock Exchange
    30 august 2001 17:32:00
    Harare- Zimbabwe (PANA) -- Stocks on the Zimbabwe Stock Exchange (ZSE) softened sharply this week after investors pulled out to take profit from the strong rally in recent months. Full text...

  • UEMOA Works Ministers meet in Dakar
    30 august 2001 17:17:00
    Dakar- Senegal (PANA) -- Public Works Ministers from the eight-nation West African Economic and Monetary Union (UEMOA), meet in Dakar Friday, on road projects within the Union, the Senegalese News Agency (APS) reported Thursday. Full text...

  • WFP names new Representative for Kenya
    30 august 2001 16:33:00
    Nairobi- Kenya (PANA) -- The World Food Programme (WFP) has appointed Tesema Negash as its new Country Director for Kenya. Full text...

  • Chinese company to equip Niger mobile network
    30 august 2001 14:59:00
    Niamey- Niger (PANA) -- A Chinese company, ZTE, has won the tender to equip Niger Telecommunications Company (SONITEL) in the domain of mobile communication. Full text...

  • Kenya plans to harmonise telephone numbers
    30 august 2001 11:14:00
    Nairobi- Kenya (PANA) -- Kenya's telecommunications authorities have called for suggestions from the public ahead of a plan to harmonise the country's somewhat confusing telephone numbering system. Full text...

  • Nigeria Gets 100 Million-Dollar Loan To Boost Power Supply
    30 august 2001 11:04:00
    Lagos- Nigeria (PANA) -- Nigeria has secured a credit facility of 100 million US dollars from the International Development Agency (IDA), a soft loan arm of the World Bank, to boost power supply in the country, according to Economic Matters Minister Vincent Ogbulafor. Full text...

  • Merchant navy training seminar starts next week
    30 august 2001 09:42:00
    Rabat- Morocco (PANA) -- Merchant navy service officials from 10 African countries will take part in an international tripartite training seminar (Morocco-Africa-Japan) from 3 to 29 September at the Higher Institute of Maritime Studies (ISEM) of Casablanca, the Japanese Embassy in Rabat said Wednesday. Full text...

  • Senior bank official arrested over corruption
    30 august 2001 09:05:00
    Addis Ababa- Ethiopia (PANA) -- The Abyssinia Bank's deputy chief executive officer, Alazar Dessie, is the latest high-ranking banker in Ethiopia to be arrested for alleged corruption. Full text...

  • US supports Mozambican anti-poverty programmes
    29 august 2001 23:33:00
    Maputo- Mozambique (PANA) -- The US government on Wednesday granted 41 million US dollars to support various development programmes aimed at helping Mozambique to reduce absolute poverty and become more fully integrated into the world economy. Full text...

  • GSE All-Share Index advances
    29 august 2001 20:34:00
    Accra- Ghana (PANA) -- The All Share Index at the Ghana Stock Exchange on Wednesday gained 1. Full text...

  • NSE equities daily trading
    29 august 2001 19:16:00
    Lagos- Nigeria (PANA) -- Some 19. Full text...

  • Campaigners call for justice on apartheid induced debt
    29 august 2001 17:53:00
    Lusaka- Zambia (PANA) -- Campaign groups from Europe and Southern Africa are to issue a demand Thursday that specifically calls for the cancellation of debts incurred by countries close to South Africa over their fight against the apartheid regime. Full text...

  • DR Congo signs oil deal with South African firms
    29 august 2001 17:34:00
    Kinshasa- DR Congo (PANA) -- DR Congo government and two South African Companies - First Rand Bank and Tepco Petroleum - have signed a 30-million-dollar agreement in Kinshasa for the supply of petroleum products to DR Congo. Full text...

  • Investments in Kenya suffer 17 percent drop in five years
    29 august 2001 17:28:00
    Nairobi- Kenya (PANA) -- Investments in Kenya have fallen by more than 17 percent over the past five years, Planning Minister Adhu Awiti said Wednesday. Full text...

  • British Firm to promote SudanAir privatisation
    29 august 2001 16:26:00
    Khartoum- Sudan (PANA) -- British firm Arthur Anderson, has been selected to promote the privatisation of Sudan Airways, a senior Sudanese official announced in Khartoum Wednesday. Full text...

  • Zimbabwe steps up privatisation of state firms
    29 august 2001 16:02:00
    Harare- Zimbabwe (PANA) -- The Zimbabwe government Wednesday unveiled plans to sell its stakes in several state-owned companies to raise funds to finance its agricultural reforms, and reduce its budget deficit. Full text...

  • Researchers note free trade's exploitation of poor states
    29 august 2001 14:31:00
    Paris- France (PANA) -- A western researcher for the Brussels-based Oxfam Solidarity, Raoul Marc Jenner, Wednesday decried the World Trade Organisation's so-called free trade policies. Full text...

  • Bird strike aborts Virgin Atlantic flight
    29 august 2001 14:21:00
    Lagos- Nigeria (PANA) -- A Virgin Atlantic's Lagos-London flight was aborted shortly before take-off last Friday, after a bird went into one of the engines of the Boeing 747-200 aircraft, an official of the airline said in Lagos Wednesday. Full text...

  • Nigeria invites bid for oil fields allocation
    29 august 2001 13:37:00
    Lagos- Nigeria (PANA) -- As part of moves to involve more competent indigenous Companies in the Nigerian oil and gas sector, the government will next week invite bids from interested firms for allocation of marginal oil fields, industry sources said in Lagos Wednesday. Full text...

  • Nigeria to open Trade Centre in Shanghai
    29 august 2001 12:54:00
    Lagos- Nigeria (PANA) -- Nigeria plans to open an International Trade Centre in Shanghai, China's fastest growing economic development zone, as part of efforts to boost trade with the Asian country, the local press reported in Lagos Wednesday. Full text...

  • NITEL reverts to old tariffs
    29 august 2001 12:47:00
    Lagos- Nigeria (PANA) -- Nigeria's State-run telecommunications Company NITEL is to revert to its old tariff for land lines from 15 September, ending the much-criticised regime of new rates introduced in June, the local press reported Wednesday. Full text...

  • SA business leaders discover new strategies
    29 august 2001 12:02:00
    Cape Town- South Africa (PANA) -- Business leaders from Southern Africa have been reminded that "the ability of a manager to think creatively and communicate critically" within the changing business environment is the key factor in the "success of an organisation". Full text...

  • BOAD grants Benin debt reduction
    29 august 2001 11:00:00
    Cotonou- Benin (PANA) -- Benin's Finance and Economy minister Abdoulaye Bio-Tchane and the president of the West African Development Bank (BOAD), Boni Yayi, have signed a 3. Full text...

  • Nigerian government moves to decongest ports
    29 august 2001 09:37:00
    Lagos- Nigeria (PANA) -- Nigeria's Federal Government has inaugurated a panel set up to decongest the nation's main seaports and find a permanent solution to problems besetting them, the News Agency of Nigeria reported. Full text...

  • Luxembourg donates 6,000 tons of wheat to Cape Verde
    28 august 2001 22:09:00
    Praia- Cape Verde (PANA) -- Luxembourg has decided to provide 6,000 tons of wheat as supplementary food aid to Cape Verde, official sources said in Praia Tuesday. Full text...

  • COMESA finance ministers want easier forex payments
    28 august 2001 17:37:00
    Nairobi- Kenya (PANA) -- Finance ministers from 15 COMESA states as well as representatives from 14 partner bodies ended a high level meeting Monday, after calling for a speedy implementation of a cross border payment system aimed at easing foreign exchange problems in the region. Full text...

  • WCAR: Mbeki decries excesses of new economic order
    28 august 2001 17:26:00
    Durban- South Africa (PANA) -- Ahead of the World Conference against Racism set to begin on Friday, President Thabo Mbeki of South Africa Tuesday affirmed at an NGO forum that sweeping changes to injustices around the world could be made through conscious intervention. Full text...

  • American business delegation due in Nigeria
    28 august 2001 17:18:00
    Lagos- Nigeria (PANA) -- An American business delegation, to be led by Representative J. Full text...

  • Legislators spoil for showdown with bill on interest rates
    28 august 2001 16:23:00
    Nairobi- Kenya (PANA) -- Just two weeks after they shot down a bill they said was driven by donor nations and institutions, Kenyan legislators are once again set to square it off with Attorney General Amos Wako, this time over a draft legislation seeking to control bank interest rates. Full text...

  • Two Zambian companies up for sale
    28 august 2001 15:42:00
    Lusaka- Zambia (PANA) -- Two Zambian companies, now engaged in the production of tea and recovery of precious metals from slimes, have been placed on offer for sale to prospective investors. Full text...

  • Coffee and tea stakeholders hold meeting
    28 august 2001 13:39:00
    Nairobi- Kenya (PANA) -- Kenya's Coffee and Tea Parliamentary Association (COTEPA) and major stakeholders in the coffee industry Tuesday started a two-day workshop in the central province capital of Nyeri to brainstorm on the ills afflicting the once lucrative sector. Full text...

  • Kinshasa Trade Fair ends on a low key
    28 august 2001 13:32:00
    Kinshasa- DR Congo (PANA) -- DR Congo Industry and Trade Minister Ezatey Mereko, said the month-long 2001 Kinshasa International Trade Fair recorded a low attendance due to the dwindling purchasing power of the population. Full text...

  • African Bank launches 430 million-dollar bond programme
    28 august 2001 13:23:00
    Cape Town- South Africa (PANA) -- African Bank, South Africa's largest credit bank, Tuesday announced the launch of a 430 million dollar 'Domestic Medium Term Note' (DMTN) programme to fund its asset book. Full text...

  • Soldiers to remain in Nigeria's restive Niger-Delta
    28 august 2001 11:40:00
    Lagos- Nigeria (PANA) -- Soldiers deployed to the Niger-Delta, Nigeria's restive oil-producing region, are to remain there for as long as it takes to restore peace to the area, the local press reported Tuesday. Full text...

  • Unipetrol plans investment expansion in West Africa
    28 august 2001 10:23:00
    Lagos- Nigeria (PANA) -- Unipetrol Nigeria Plc, the first of three oil marketing companies with government interest to be fully privatised, plans to expand its investment in the West African sub-region, a top official of the Company said. Full text...

  • Two Congos share tax experiences
    28 august 2001 09:50:00
    Kinshasa- DR Congo (PANA) -- A delegation from the Tax Department of Congo-Brazzaville has concluded a visit to Kinshasa to share experiences with the DR Congo's General Board of Taxes (DGC). Full text...

  • COMESA moves on Monetary Union
    28 august 2001 09:20:00
    Nairobi- Kenya (PANA) -- Finance Ministers from the Common Market for Eastern and Southern Africa (COMESA) are meeting in Nairobi, Kenya for two days on monetary co-operation and economic integration of their sub-region. Full text...

  • DRC exploits barely 2 million cubic meters of its wood
    27 august 2001 23:48:00
    Kinshasa- DR Congo (PANA) -- Constraints of transport, obsolete production and handling equipment, petroleum crisis and increase in taxes were forcing DR Congo to exploit two million cubic meters of its annual exploitable wood of 20. Full text...

  • Japan helps to renovate Kankan fishing infrastructure
    27 august 2001 23:14:00
    Conakry- Guinea (PANA) -- Japan's embassy in Conakry has donated 150 million Guinean francs (82,000 US dollars) to finance the rehabilitation of fishing infrastructure owned by a group of fishermen and fish mongers at Kankan in northern Guinea. Full text...

  • Air Afrique to appoint new manager in September
    27 august 2001 22:18:00
    Abidjan- Cote d'Ivoire (PANA) -- Chad's minister of transport, Ahmat Mahamat Saleh, has been appointed acting administrator of the multinational African airline, Air Afrique, effective 31 August when its interim general manager, Jeffrey Erickson, quits the company. Full text...

  • Botswana guards against foot-and-mouth disease
    27 august 2001 21:48:00
    Gaborone- Botswana (PANA) -- Botswana veterinary officials have intensified patrols along the border with Zimbabwe following the outbreak of foot-and-mouth disease near the Zimbabwean city of Bulawayo. Full text...

  • Zimbabwe Land Crisis Worries SADC Leaders
    27 august 2001 21:38:00
    Blantyre- Malawi (PANA) -- Zimbabwe's worsening land crisis is setting leaders of neighbouring countries on their toes. Full text...

  • Botswana Modernising Postal Services
    27 august 2001 21:34:00
    Gaborone- Botswana (PANA) -- Botswana Postal Services has abolished the letter weighing system and introduced tariffs calculated on letter size and destination. Full text...

  • Mozambique bans Zimbabwean meat
    27 august 2001 20:49:00
    Maputo- Mozambique (PANA) -- Mozambique has banned the import of meat and milk from Zimbabwe, following an outbreak of foot and mouth disease among Zimbabwean livestock, the Mozambican news agency, AIM, reported Monday. Full text...

  • NSE daily trading
    27 august 2001 17:44:00
    Lagos- Nigeria (PANA) -- A total of 32. Full text...

  • Nigerian Navy to check oil bunkering
    27 august 2001 16:44:00
    Lagos- Nigeria (PANA) -- The Nigeria Navy is acquiring two helicopters and an unspecified number of fast combat boats to strengthen its capacity to check the activities of oil bunkerers in the country's Niger-Delta region, the local media reported Monday. Full text...

  • Kenyan farmers make big money from horticulture
    27 august 2001 15:05:00
    Nairobi- Kenya (PANA) -- While agriculture remains the mainstay of the Kenyan economy, horticulture is fast emerging as the prime money spinner for people involved in this branch of farming. Full text...

  • Rwanda hosts international trade fair
    27 august 2001 14:50:00
    Kigali- Rwanda (PANA) -- Rwanda is currently hosting an international trade fair featuring business people and companies from east, central and southern Africa, sources in Kigali affirmed Monday. Full text...

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