Economy -
  • Tax exemption on computer equipment
    13 june 2001 13:07:00
    Cotonou- Benin (PANA) -- Benin government has waived taxes on computers and software imported throughout this year, a senior customs official said. Full text...

  • Zimbabwe Increases Fuel Prices
    13 june 2001 09:25:00
    Harare- Zimbabwe (PANA) -- Battling to solve a two-year fuel shortage, the Zimbabwe government Wednesday increased prices for the commodity by 70 percent. Full text...

  • Zimbabwe's Bus Operators Turn Into Hauliers
    13 june 2001 09:18:00
    Mutare- Zimbabwe (PANA) -- Zimbabwe's bus operators are not sure they are still in the passenger transport business. Full text...

  • Inflation goes up in Botswana
    12 june 2001 23:42:00
    Gaborone- Botswana (PANA) -- The Botswana national year-on-year inflation rate rose by 0. Full text...

  • Regional business turns its back on "Ivoirité"
    12 june 2001 23:32:00
    Abidjan- Cote d'Ivoire (PANA) -- "Money knows no borders," Ivorian President Laurent Gbagbo told newsmen from the Malian state television at the recent inauguration of a ginning company belonging to Malian tycoon Cheikna Kagnassi in M'Bengue, about 700 km north of Abidjan. Full text...

  • Investment forum opens in Ouagadougou
    12 june 2001 23:30:00
    Ouagadougou- Burkina Faso (PANA) -- The forum to market investment opportunities in Burkina Faso rolled off Tuesday in Ouagadougou with some 500 potential investors from Africa, Europe, America and Asia in attendance. Full text...

  • Morocco earns 586 million US dollars from tourism
    12 june 2001 23:03:00
    Rabat- Morocco (PANA) -- Morocco realised more than 586 million US dollars from tourism during the first quarter of this year, according to the Economy, and Finance Ministry. Full text...

  • UEMOA gets Tourism Directory
    12 june 2001 21:52:00
    Niamey- Niger (PANA) -- The West African Economic and Monetary Union (UEMOA) has unveiled an economic and tourist directory, known as "UEMOA Market," and designed to bring economic operators closer to consumers. Full text...

  • Sierra Leone comes off donor meeting with no pledges
    12 june 2001 21:11:00
    Paris- France (PANA) -- A World Bank-organised donor conference on Sierra Leone wound up Tuesday in Paris with no specific amounts pledged for a trust fund set up for the war- ravaged West African country. Full text...

  • Shadow cabinet releases its budget
    12 june 2001 20:09:00
    Nairobi- Kenya (PANA) -- Kenya's shadow government Tuesday released its proposals on how the economy should be run in the 2001/2002 financial year, ahead of finance minister Chris Okemo's official budget speech on Thursday. Full text...

  • Italy to cancel Ghana's debt
    12 june 2001 20:03:00
    Accra- Ghana (PANA) -- Italy Tuesday announced its intention to cancel about 100 million dollars commercial and bilateral debt owed it by Ghana as part of relief to the Highly Indebted and Poor Countries (HIPC). Full text...

  • UNDP to launch 2001 Human Development Report in July
    12 june 2001 19:27:00
    Dakar- Senegal (PANA) -- The United Nations Development Programme said Tuesday it would launch the 2001 Human Development Report in Mexico City10 July. Full text...

  • Morocco records more trade deficit
    12 june 2001 18:09:00
    Rabat- Morocco (PANA) -- The deficit of Morocco's trade balance got compounded by 22 percent at the end of the first quarter of 2001, according to the Foreign Exchange Office. Full text...

  • African Insurance Controllers undergo training
    12 june 2001 17:53:00
    Lome- Togo (PANA) -- About 100 controllers from 14 countries of the franc zone are undergoing a five-day training workshop in Lome on the provisions of the Code of the InterAfrican Conference of Insurance markets (CIMA). Full text...

  • Wade urges Africans to prioritise development funding
    12 june 2001 17:39:00
    Dakar- Senegal (PANA) -- Senegalese President Abdoulaye Wade is urging Africans to realistically seek funds for the continent's development. Full text...

  • Kenya wants trade imbalances with Italy corrected
    12 june 2001 17:12:00
    Nairobi- Kenya (PANA) -- Authorities in Nairobi say they are advocating measures to correct the existing trade imbalance between Kenya and Italy, as the latter records more trade volume. Full text...

  • Zimbabwe Share Prices Tumble
    12 june 2001 17:07:00
    Harare- Zimbabwe (PANA) -- Share prices on the Zimbabwe Stock Exchange (ZSE) tumbled sharply Tuesday as investors took profit to raise funds for an attractive Initial Public Offer (IPO) by a bank opening next week. Full text...

  • Nigeria stock exchange daily equities trading
    12 june 2001 16:39:00
    Lagos- Nigeria (PANA) -- The daily equities trading at the Nigeria Stock Exchange for Monday, whereby a total of 14. Full text...

  • Economists welcome African self-help initiatives
    12 june 2001 16:15:00
    Dakar- Senegal (PANA) -- Researchers attending the international conference of economists on the OMEGA Plan, which opened in Dakar Monday, have expressed support for the African self-help initiatives, drawn from various strategies and formulated by Presidents Abdoulaye Wade of Senegal and Thabo Mbeki of South Africa. Full text...

  • Kwacha drops 25 points as depreciation continues
    12 june 2001 14:57:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha lost its temporary anchoring on Tuesday and went to a new level of exchange against the US dollar as the see-saw between supply and demand took a more vigorous turn. Full text...

  • KLM expands service to South Africa
    12 june 2001 14:05:00
    Cape Town- South Africa (PANA) -- KLM Royal Dutch Airlines Tuesday said it would soon introduce two additional weekly flights between Amsterdam and Johannesburg. Full text...

  • NGOs want enquiry into DRC plunder
    12 june 2001 12:20:00
    Kinshasa- DR Congo (PANA) -- Sixteen Belgian NGOs are demanding the creation of parliamentary enquiry into the alleged involvement of the Kingdom's companies in looting natural resources from the Democratic Republic of Congo (DRC). Full text...

  • Kenya, Uganda seek cross border investments
    12 june 2001 10:30:00
    Nairobi- Kenya (PANA) -- Kenya and Uganda have initiated strategic cross-border investment strategies aimed at accelerating economic development within the East African region. Full text...

  • World Bank finances fewer projects in Benin
    12 june 2001 10:11:00
    Cotonou- Benin (PANA) -- The World Bank had spent 184. Full text...

  • EU accused of fearing real competition
    12 june 2001 09:00:00
    Cape Town- South Africa (PANA) -- Distell's managing director Jan Scannell has denounced developed countries for using aid and supposed trade preferences to developing nations to promote protectionist policies. Full text...

  • Niger gets 60 billion CFA francs loan from World Bank
    11 june 2001 23:37:00
    Niamey- Niger (PANA) -- The World Bank has granted Niger a loan of 60 billion CFA francs for its Water Project (PSE), official sources said Monday. Full text...

  • Air traffic slows but passengers increase
    11 june 2001 22:56:00
    Accra- Ghana (PANA) -- Air traffic at Ghana's Kotoka International Airport (KIA) has declined following the reduction of flight frequencies by some African airlines whilst others have ceased operation, the Ghana News Agency reported Monday. Full text...

  • GSE all-share index inches up
    11 june 2001 22:55:00
    Accra- Ghana (PANA) -- The GSE All-Share Index, the benchmark index of the Accra bourse, inched up a modest 0. Full text...

  • Out of court telecom settlement raises eyebrows in South Africa
    11 june 2001 22:51:00
    Johannesburg- South Africa (PANA) -- The South African government's out-of-court settlement with a company opposing the awarding of the country's third cellular licence to Cell C has raised eyebrows. Full text...

  • Morocco-Togo Commission set up
    11 june 2001 22:44:00
    Rabat- Morocco (PANA) -- Morocco and Togo Monday set up a joint Co-operation Commission to strengthen their economic and commercial ties, on the fringe of President Gnassingbe Eyadema's visit to Morocco. Full text...

  • Arrival of Zimbabwean farmers temporarily on hold
    11 june 2001 22:09:00
    Maputo- Mozambique (PANA) -- Financial problems have delayed the arrival of Zimbabwean commercial farmers who were supposed to invest in the central Mozambican province of Manica this year. Full text...

  • President Chissano officially opens new hotel
    11 june 2001 21:52:00
    Maputo- Mozambique (PANA) -- Mozambican President Joaquim Chissano Monday in Maputo officially inaugurated the first Holiday Inn hotel in the country. Full text...

  • East African states to present budgets Thursday
    11 june 2001 21:23:00
    Nairobi- Kenya (PANA) -- When the three East African governments of Kenya, Uganda and Tanzania present their budgets concurrently next Thursday, issues of poverty reduction, relations with donors and efforts to curb the spread of HIV/AIDS are most likely to form the critical points of the annual estimates. Full text...

  • Chiluba's tax-free status promise dismissed as cheap politics
    11 june 2001 19:55:00
    Lusaka- Zambia (PANA) -- Zambian President Frederick Chiluba's recent declaration to turn two dying copper mining towns into tax-free zones has been dismissed by residents as cheap politics meant to win his party votes in the forthcoming general elections. Full text...

  • WFP earmarks 46-milion-dollar assistance to Mozambique
    10 june 2001 15:47:00
    Maputo- Mozambique (PANA) -- The UN World Food Programme is to spend 46 million US dollars on development activities in Mozambique over the next five years, according to the WFP Director for Africa, Manuel Aranda da Silva. Full text...

  • Spanish Fisheries minister visits Nouakchott
    10 june 2001 15:31:00
    Nouakchott- Mauritania (PANA) -- Spain's minister for Fisheries, Miguel Arias Canete, was in the Mauritanian capital this weekend on a two-day visit to boost relations between Nouakchotte and Madrid. Full text...

  • Consortium loses bid for Botswana motor plant
    10 june 2001 10:07:00
    Gaborone- Botswana (PANA) ­ The South Africa conso-rtium which won a bid to buy most of the assets of the collapsed Hyundai Motor Company of Botswana have failed to pay within the agreed time. Full text...

  • Mogadishu port and airport still closed
    09 june 2001 17:52:00
    Mogadishu- Somalia (PANA) -- Armed groups opposed to the recently installed Transitional National Government (TNG) have prevented the re-opening of Mogadishu airport and seaport. Full text...

  • New Dakar airport construction works to begin soon
    09 june 2001 16:44:00
    Dakar- Senegal (PANA) -- Construction works for the proposed new Dakar international airport are expected to begin soon on a surface area covering between 1,800 and 2,000 hectares, a senior Senegalese official has said. Full text...

  • World Bank to fund more projects in Niger
    09 june 2001 16:00:00
    Niamey- Niger (PANA) -- The World Bank plans to initiate seven new projects in addition to those it already finances in Niger, reliable sources said in Niamey. Full text...

  • World Bank organises donor conference on Sierra Leone
    08 june 2001 22:11:00
    Paris- France (PANA) -- A World Bank conference on Sierra Leone expected to replenish the multi-donor trust fund for the country begins in Paris Monday, the bank said in a statement Friday. Full text...

  • Kenyan hoteliers complain over taxes
    08 june 2001 21:13:00
    Nairobi- Kenya (PANA) -- Kenyan hoteliers and tour operators have publicly complained against some of the taxes imposed by the government on visitors, saying they were scaring away tourists. Full text...

  • Cape Verde signs fishing accord with EU
    08 june 2001 19:57:00
    Praia- Cape Verde (PANA) -- Cape Verde and the European Union on Thursday signed a new three-year fishing agreement in Praia. Full text...

  • Mozambican Bank Set for Second Privatization
    08 june 2001 19:56:00
    Maputo- Mozambique (PANA) -- Mozambique's third largest commercial bank, Austral Bank, made a loss of 1,370. Full text...

  • Political Risk Affects SADC Stock Exchanges
    08 june 2001 19:01:00
    Maputo- Mozambique (PANA) -- Political and economic instability in some member countries of the Southern Africa Development Community is having a negative effect on the development of their stock exchanges, a market expert says. Full text...

  • Kruger millions may have been discovered
    08 june 2001 18:06:00
    Cape Town- South Africa (PANA) -- One of the great mysteries of the 20th century may have been solved in the sleepy South African town of Ermelo. Full text...

  • Bankers arrested for money laundering
    08 june 2001 17:32:00
    Lusaka- Zambia (PANA) -- Zambia's Drug Enforcement Commission (DEC) Friday arrested three top management officials from the closed United Bank of Zambia in connection with money laundering activities at the bank, said DEC public relations officer Nason Banda in Lusaka. Full text...

  • Zambia tobacco company shares rises
    08 june 2001 12:38:00
    Lusaka- Zambia (PANA) -- The share price for British American Tobacco Company in Zambia has went up 20 units consequently and pushing up the all share index on the Lusaka Stock Exchange. Full text...

  • Zambian Kwacha maintains stability
    08 june 2001 12:24:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha shrugged off pressure exerted by oil companies and maintained a fairly stable average exchange rate of 3500 units against the dollar by the close of the week on Friday. Full text...

  • Cape Verde, EU negotiate fishing agreement
    08 june 2001 11:56:00
    Praia- Cape Verde (PANA) -- Negotiations are underway in Praia between Cape Verde and the European Union to renew a fishing agreement. Full text...

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