Economy -
  • NSE Daily Equities Trading
    15 may 2001 11:15:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigeria Stock Exchange for Monday 14 May 2001. Full text...

  • Fibre optics line established between Cotonou and Parakou
    15 may 2001 10:25:00
    Cotonou- Benin (PANA) -- Benin Posts and Telecommunication Board (OPT) and a US group, Titan, recently installed a 400-km fibre optics line linking Cotonou and Parakou, a source close to Libercom, the country's first mobile phone network said on Monday. Full text...

  • Reserve Bank optimistic about the rand's future
    15 may 2001 09:44:00
    Cape Town- South Africa (PANA) -- The South African Reserve Bank is upbeat about the future of the rand currency despite the hammering it has taken in recent months. Full text...

  • Hard currency still abundant as Metical depreciates
    15 may 2001 08:15:00
    Maputo- Mozambique (PANA) -- The Bank of Mozambique has insisted that the country faces no foreign currency shortage despite the continuing sharp depreciation of the Mozambican currency, the metical, against the US dollar. Full text...

  • Hope for aspiring low-income homeowners
    15 may 2001 07:57:00
    Cape Town- South Africa (PANA) -- Affordability may not be a problem for the majority of low and moderate-income South African families seeking to buy a house. Full text...

  • Bank takes indebted deputy to court
    15 may 2001 07:43:00
    Maputo- Mozambique (PANA) -- Mozambique's largest bank, the BCM, has decided to take debtors to court, in an effort to recover some of the unwise loans which brought it to the verge of bankruptcy. Full text...

  • Opposition MP calls for privatisation law in Kenya
    14 may 2001 20:40:00
    Paris- France (PANA) -- The pace of privatisation of public entities in Kenya has been jeopardised by the absence of proper legislation, according to Kenyan MP Peter Anyang Nyong'o. Full text...

  • Air France blames delayed flights on technical problems
    14 may 2001 20:38:00
    Douala- Cameroon (PANA) -- Air France officials in Cameroon's coastal city of Douala have explained recent flight drags as occasioned by "technical problems," the latest such flops occurring last 10 May. Full text...

  • Rabat hosts Maghreb maritime data base project
    14 may 2001 20:27:00
    Rabat- Morocco (PANA) -- The maritime committee of the Arab Maghreb Union (UMA), would launch a Mahghreb data base in the field of maritime transport and ports in the five member States, sources at UMA's Rabat headquarters said. Full text...

  • Central Bank blamed for Nigeria's falling naira
    14 may 2001 20:05:00
    Lagos- Nigeria (PANA) -- Nigeria's official economic watchdog has blamed the country's Central Bank for the continuous depreciation of the national currency, the naira and the spiralling inflation. Full text...

  • South African Airways suspends flights to Buenos Aires
    14 may 2001 19:12:00
    Johannesburg- South Africa (PANA) -- South African Airways (SAA) will suspended its flights to Buenos Aires next month, but the airline will increase its traffic to Sao Paulo in Brazil, official sources said Monday. Full text...

  • SAA Suspends Flights to Buenos Aires
    14 may 2001 16:53:00
    Cape Town- South Africa (PANA) -- South African Airways (SAA) on Monday announced a temporary suspension of service to Buenos Aires with effect from 30 June 2001, due to commercial reasons. Full text...

  • African Bank Investments Limited earnings up 15 percent
    14 may 2001 16:24:00
    Cape Town- South Africa (PANA) -- African Bank Investments Limited (ABIL) on Monday reported a 15 percent increase in headline earnings to 47. Full text...

  • Zimbabwe Unveils Extensive Rural Power Project
    14 may 2001 16:14:00
    Harare- Zimbabwe (PANA) -- Zimbabwe Electricity Supply Authority (ZESA) on Monday announced a 14-billion Zimbabwe dollar electrification project for rural schools and health institutions. Full text...

  • Valence to host annual ADB and ADF meetings
    14 may 2001 14:38:00
    Libreville- Gabon (PANA) -- The Spanish city of Valence is to host the annual assemblies of the African Development Bank (ADB) group from 29 to 31 May, says a news release received by the Gabonese news agency. Full text...

  • South Africa attends Conference on Least Developed Countries
    14 may 2001 13:43:00
    Cape Town- South Africa (PANA) -- A South African delegation is attending the Third United Nations Conference on Least Developed Countries, which began in Brussels on Monday. Full text...

  • Fuel prices rise in Burkina Faso
    14 may 2001 13:28:00
    Ouagadougou- Burkina Faso (PANA) -- Authorities in Burkina Faso on Saturday increased fuel prices by between 2 and 7 percent. Full text...

  • Burkina Faso to host investment forum in June
    13 may 2001 17:18:00
    Ouagadougou- Burkina Faso (PANA) -- Officials at the Burkina Faso Chamber of Commerce, Industry and Crafts (CCIA-B) Sunday announced an investment forum dubbed "Investing in Burkina" for 12-14 June. Full text...

  • Troubled NITEL Eases Hold On Private Networks
    13 may 2001 12:20:00
    Lagos- Nigeria (PANA) -- Nigeria's state-owned telecommunications giant NITEL has signed new interconnectivity agreement with the eight Private Telecommunications Operators (PTOs) in the country to ease their operation, even as the company grapples with a near-collapse of its own system. Full text...

  • Tunisia gets 26 million euro French loan
    12 may 2001 17:09:00
    Tunis- Tunisia (PANA) -- Tunisia has secured a 26 million euros (1USD = 1. Full text...

  • New Bank Opens in Maputo
    12 may 2001 15:36:00
    Maputo- Mozambique (PANA) -- The Mozambican financial landscape is set to change with the opening on Friday of a new private bank, the BDC (Development and Commerce Bank) in Maputo. Full text...

  • New regulation to streamline Egypt's trade in COMESA
    12 may 2001 15:03:00
    Nairobi- Kenya (PANA) -- Egyptian diplomatic missions in countries comprising the Common Market for Eastern and Southern Africa will, beginning this month, be required to endorse trade certificates of origin to facilitate the exporting of goods to Egypt. Full text...

  • NSE all-share index hits 10,000 mark
    12 may 2001 12:48:00
    Lagos- Nigeria (PANA) -- The Nigerian Stock Exchange (NSE) made history in the country's capital market as its All-Share Index crossed the 10,000 mark. Full text...

  • Troubled NITEL eases hold on private networks
    12 may 2001 12:28:00
    Lagos- Nigeria (PANA) -- Nigeria's state-owned telecommunications giant NITEL has signed new interconnectivity agreement with the eight Private Telecommunications Operators (PTOs) in the country to ease their operation, even as the company grapples with a near-collapse of its own system. Full text...

  • Competition makes Zimbabwean banks customer friendly
    12 may 2001 11:54:00
    Harare- Zimbabwe (PANA) -- Can you imagine your bank sending you on an all expenses paid trip overseas to scout for export markets? Or sponsoring your business to take part at a trade fair? Welcome to Zimbabwe's competition-inspired banking dynamism, which is sending clients into frenzy. Full text...

  • NSE equities daily trading
    11 may 2001 23:12:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigeria Stock Exchange for Friday when a total of 52. Full text...

  • Government agape over leakage of major audit report
    11 may 2001 21:55:00
    Lusaka- Zambia (PANA) -- Authorities in Lusaka have expressed dismay over the leakage of an incomplete draft audit report of the Zambia Consolidated Copper Mines (ZCCM) Cobalt sales for 1998/1999, prepared by Mauritian chartered accountants, De Cazal Du Mee (DCDM). Full text...

  • Third LDCs Conference Opens Monday in Brussels
    11 may 2001 21:36:00
    Brussels- Belgium (PANA) -- Three African presidents will attend the third international meeting on Least Developed Countries due to open Monday in Brussels, it has been officially announced. Full text...

  • Malawi capital runs dry as water workers strike
    11 may 2001 14:49:00
    Blantyre- Malawi (PANA) -- There were running battles in the Malawi capital Lilongwe Friday as armed police officers in riot gear chased striking workers of the Lilongwe Water Board out of their premises. Full text...

  • Inflation rate declines in Botswana
    11 may 2001 14:10:00
    Gaborone- Botswana (PANA) -- Botswana's annual inflation rate decreased this year by 0. Full text...

  • Air Tanzania resumes flights to DR Congo
    11 may 2001 14:01:00
    Dar es Salaam- Tanzania, (PANA) -- Cash-strapped Air Tanzania Corporation (ATC) Friday resumed weekly flights to DR Congo's southern city of Lubumbashi after several months of postponement due to security problems. Full text...

  • Nigeria slates biggest trade fair for November
    11 may 2001 13:36:00
    Lagos- Nigeria (PANA) -- The 16th edition of Nigeria's biggest trade jamboree, the Lagos International Trade Fair, will hold in November, officials at the Lagos Chamber of Commerce and Industry (LCCI) say. Full text...

  • Company shuts oil terminal following protests
    11 may 2001 13:23:00
    Lagos- Nigeria (PANA) -- Nigeria's daily crude oil production of about 2 million barrels has fallen short by 600,000 barrels after rampaging youths forced the shutdown of an oil plant of the American company, Mobil, in the south-eastern state of Akwa Ibom. Full text...

  • 50 billion CFA francs needed to save Air Afrique
    11 may 2001 13:12:00
    Abidjan- Cote d'Ivoire (PANA) -- Ivorian Transport minister Aime Kabran Appiah has said the multinational company, Air Afrique, needs 50 billion CFA francs (1 US dollar = 700 FCFA) if it is to avoid floundering. Full text...

  • Niger Prime Minister on working visit to Belgium
    11 may 2001 12:47:00
    Niamey- Niger (PANA) -- Niger's Prime Minister Hama Amadou was Friday off to Brussels for a weeklong working visit in Belgium, sources in Niamey said. Full text...

  • Kenya moves to protect local textile industry
    11 may 2001 09:46:00
    Nairobi- Kenya (PANA) -- In a move to protect the local textile industry, the authorities in Kenya say they will impose conditions to discourage importers who bring into the country sub-standard goods. Full text...

  • ADF credits Benin 17.64 million dollars
    10 may 2001 22:35:00
    Dakar- Senegal (PANA) -- The ADF Thursday approved 17. Full text...

  • Congo bans shark fishing
    10 may 2001 22:08:00
    Brazzaville- Congo (PANA) -- The Congolese government Thursday said shark fishing in territorial waters of the country is banned effective 15 May in order to protect their species, currently endangered by poaching on Pointe-Noire's Atlantic coast. Full text...

  • Senegal's air traffic drops
    10 may 2001 21:18:00
    Dakar- Senegal (PANA) -- A 5. Full text...

  • Economic Integration: Africa advances in scattered ranks
    10 may 2001 17:45:00
    Dakar- Senegal (PANA) -- It might sound an overstatement, but the number of economic groupings across Africa borders on proliferation, so much so that donor partners are beginning to find co-operation with the configuration cumbersome. Full text...

  • Economic Integration: Africa advances in scattered ranks
    10 may 2001 17:44:00
    Dakar- Senegal (PANA) -- It might sound an overstatement, but the number of economic groupings across Africa borders on proliferation, so much so that donor partners are beginning to find co-operation with the configuration cumbersome. Full text...

  • Microsoft unveils product in Kenya
    10 may 2001 16:51:00
    Nairobi Kenya (PANA) -- Microsoft East Africa, a subsidiary of Microsoft Plc Thursday introduced Microsoft Office XP to the Kenyan market ahead of the launching proper billed for 31 May. Full text...

  • South Africa establishes economic advisory council
    10 may 2001 15:29:00
    Cape Town- South Africa (PANA) -- Western Cape (South Africa) Premier Gerald Morkel Thursday announced the establishment of an economic advisory council with members drawn from both business and government. Full text...

  • Labour disputes ruin companies in Zimbabwe companies
    10 may 2001 15:21:00
    Harare- Zimbabwe (PANA) -- Zimbabwe's biggest business group warned Thursday more and more companies would shut down if the government does not reign in former fighters of the country's war of independence invading companies to settle labour disputes. Full text...

  • Inflation rate down in Senegal
    10 may 2001 15:20:00
    Dakar- Senegal (PANA) -- Senegal's annual rate of inflation was 0. Full text...

  • Zimbabwe lifts ban on South African livestock products
    10 may 2001 15:11:00
    Harare- Zimbabwe (PANA) -- Zimbabwe said Thursday it had lifted a ban on imports of livestock products from South African after receiving assurances Pretoria had brought an outbreak of foot and mouth disease under control. Full text...

  • IMF lending to Kenya could resume in August
    10 may 2001 15:00:00
    Nairobi- Kenya (PANA) -- The much-anticipated Western donor support to Kenya's budget is expected to resume in August, according to Finance Minister Chris Okemo. Full text...

  • Zimbabwe, Namibia oil companies barter
    10 may 2001 14:58:00
    Harare- Zimbabwe (PANA) -- A group of Zimbabwean companies have signed an agreement with a Namibian dealer to swap fuel for Zimbabwean goods, sources involved in the deal hinted Thursday. Full text...

  • Sugar shortage brings problems to Burundi
    10 may 2001 10:21:00
    Bujumbura- Burundi (PANA) -- The director general of the state-owned Sugar Production and Wholesale Company (SOSUMO), Nimery Barutwanayo, has accused the local traders of causing an "artificial" sugar shortage that is affecting consumers in the country. Full text...

  • Cairo, Tripoli move to strengthen cooperation
    09 may 2001 23:23:00
    Tripoli- Libya (PANA) -- Egypt and Libya have expressed total willingness to implement all agreements between them as well as eliminate obstacles to starting joint strategic projects. Full text...

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