Economy -
  • Minister commends soldier on women's project
    25 august 2001 18:07:00
    Oshakati- Namibia (PANA) -- Namibian Higher Education Minister Nahas Angula has commended a member of the country's Defence Force, Fillemon Hailaula, for initiating an income- generating project for women at his Olyavahenge village in the Omusati region. Full text...

  • President Wade sues for economic observatory
    25 august 2001 16:20:00
    Dakar- Senegal (PANA) -- President Abdoulaye Wade Friday urged trade unions in Senegal to set up two observatories aimed at monitoring the country's economic and fiscal evolution, the Senegalese News Agency (APS) reported Saturday. Full text...

  • NEPA explains national power failure
    25 august 2001 16:20:00
    Lagos- Nigeria (PANA) -- Nigeria's power monopoly NEPA, said the blackout experienced throughout the country for several hours Friday was due to a system collapse triggered by a sudden drop in gas pressure. Full text...

  • Nigerian oil pipeline vandals face trial
    25 august 2001 16:06:00
    Lagos- Nigeria (PANA) -- Nigeria's Directorate of State Security (DSS) has arraigned before a Kogi State Chief Magistrate's Court three middle-aged men accused of vandalising product pipelines of the national oil Company NNPC, in the northern State. Full text...

  • Obasanjo inaugurates Committee on solid minerals
    25 august 2001 15:52:00
    Abuja- Nigeria (PANA) -- Nigerian President Olusegun Obasanjo has reaffirmed the commitment of his administration to the diversification of the nation's economy through the full and efficient exploitation of its solid minerals. Full text...

  • Ethiopia lines up power projects worth 321 million dollars
    25 august 2001 13:38:00
    Addis Ababa- Ethiopia (PANA) -- The Ethiopian Electric Power Corporation (EEPCO) said it intended to electrify 50 towns during the year apart from carrying out 56 on-going and new power projects in the country at a cost of 2. Full text...

  • European, Australian contractors pre-qualify for project
    25 august 2001 13:21:00
    Dar es Salaam- Tanzania (PANA) -- Twenty 20 leading European and Asian contractors have pre-qualified to implement the main components of Tanzania's multi-million dollar Songo Songo gas-to- electricity project, informed sources said. Full text...

  • Labour ministry, former migrants reach agreement
    25 august 2001 10:06:00
    Maputo- Mozambique (PANA) -- The Mozambican Labour Ministry and a group claiming to represent thousands of Mozambican workers who returned from the former German Democratic Republic (GDR) in 1990 said Friday the two parties had reached an agreement over some grievances. Full text...

  • CFM strikers elect a negotiating team
    24 august 2001 23:49:00
    Maputo- Mozambique (PANA) -- A three-week strike by a group of workers at the southern branch of Mozambique's port and rail company (CFM-Sul) may be nearing an end. Full text...

  • 45 million-dollar World Bank credit for Burkina Faso
    24 august 2001 22:33:00
    New York- US (PANA) -- The World Bank Friday approved a credit of 45 million US dollars for Burkina Faso in support of poverty reduction in the country. Full text...

  • Tourism revenue rise by 18 percent
    24 august 2001 22:20:00
    Port Louis- Mauritius (PANA) -- The Mauritian tourism industry recorded an 18 percent rise in revenue from January to June as compared to the same period in 2000, official records showed Friday. Full text...

  • Indian industries to exhibit in Windhoek
    24 august 2001 22:05:00
    Windhoek- Namibia (PANA) -- The Confederation of the Indian Industry is to organise a trade exhibition in Windhoek, Namibia next month. Full text...

  • Arab bank to construct Zambian road
    24 august 2001 20:48:00
    Lusaka- Zambia (PANA) -- The Arab Bank for Economic Development in Africa (BADEA) is to construct a 90 km all-weather road across a flood plain in Zambia at the cost of more than 66 million US dollars. Full text...

  • Mkapa appoints team to probe minister
    24 august 2001 20:33:00
    Dar es Salaam- Tanzania (PANA) -- Tanzanian President Benjamin Mkapa Friday appointed a five-man team to look into a massive sugar scandal facing one of his ministers. Full text...

  • NSE equities daily trading
    24 august 2001 19:52:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigerian Stock Exchange for Friday, 24 August, 2001: 1st Tier Securities Read against sector, name of Company and value of share: AUTOMOBILE AND TYRE Dunlop Nig. Full text...

  • Namibia, DRC airlines to start joint operation
    24 august 2001 17:12:00
    Windhoek- Namibia (PANA) -- National airlines of Namibia and the Democratic Republic of Congo may soon start a joint flight operation in order to facilitate trade ties between the two countries. Full text...

  • Truck drivers to shun road toll
    24 august 2001 16:12:00
    Niamey- Niger (PANA) -- Truck drivers in Niger Thursday announced that they had decided to shun the payment of road toll throughout the country. Full text...

  • Zambia's kwacha depreciates
    24 august 2001 15:50:00
    Lusaka- Zambia (PANA) -- Currency market analysts in Zambia Friday said unless foreign exchange supply increased, the kwacha would lose more ground against the US dollar to which it is pegged. Full text...

  • Foot and mouth disease spreads in Zimbabwe
    24 august 2001 15:50:00
    Bulawayo- Zimbabwe (PANA) -- Officials of the agriculture ministry in Zimbabwe on Friday said the outbreak of foot and mouth disease reported earlier this week in the south of the country has spread to two other provinces, but expressed optimistic that it would soon be contained. Full text...

  • Zimbabwe earns billions of Zimbdollars from tobacco
    24 august 2001 15:28:00
    HARARE- Zimbabwe (PANA) -- Tobacco auction houses on Friday said Zimbabwe has earned more than 16. Full text...

  • Major nickel mine closes in Zimbabwe
    24 august 2001 15:08:00
    Bindura- Zimbabwe (PANA) -- Zimbabwe's sole producer of nickel -- Bindura Nickel Corporation or BNC -- said on Friday that it would close its Madziwa Mine at the end of the month due to depletion of ore reserves. Full text...

  • Zimbabwe war veterans hamper cross-border trade with Zambia
    24 august 2001 10:39:00
    Lusaka- Zambia (PANA) -- Zimbabwean 'war veterans' closed the common border at Victoria Falls crossing earlier this week and prevented Zambian traders from buying goods in their country, reliable sources said. Full text...

  • Mozambique, Norway, Sweden sign power agreement
    23 august 2001 22:02:00
    Maputo- Mozambique (PANA) -- Mozambique, Norway and Sweden Thursday signed an agreement in Maputo under which the two Nordic countries are to disburse 20. Full text...

  • Mozambique, US sign agreement to promote credit scheme
    23 august 2001 21:53:00
    Maputo- Mozambique (PANA) -- Mozambique and the US Thursday signed an agreement in Maputo under which the latter is to donate foodstuff worth five million US dollars. Full text...

  • Sugar industry will lose state protection - Mocumbi
    23 august 2001 21:04:00
    Maputo- Mozambique (PANA) -- The Mozambican government remained committed to growing and refining sugar, Prime Minister Pascoal Mocumbi declared Thursday in Maputo. Full text...

  • Premier concerned of strike by dock and railroad workers
    23 august 2001 20:39:00
    Maputo- Mozambique (PANA) -- Mozambican Prime Minister Pascoal Mocumbi said Thursday that the government's main concern about a three-week strike at the port and rail company, CFM, was "the impact this might have on social stability". Full text...

  • African Development Foundation pledges support
    23 august 2001 20:04:00
    Windhoek- Namibia (PANA) -- A US agency which supports community-based self-help initiatives known as the African Development Foundation (ADF) will continue to financially support such initiatives in Namibia, said the foundation's country liaison officer, Jeremia Muadinohamba, Thursday in Windhoek. Full text...

  • Obasanjo defends import inspection policy
    23 august 2001 19:11:00
    Abuja- Nigeria (PANA) -- Nigerian President Olusegun Obasanjo, said Thursday that the 100 percent inspection of imports ordered by the federal government had led to increased production by local manufacturers. Full text...

  • NSE equities daily trading
    23 august 2001 18:37:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigerian Stock Exchange for Thursday, 23 August, 2001. Full text...

  • Wade receives Air Afrique workers' representatives
    23 august 2001 15:45:00
    Dakar- Senegal (PANA) -- Senegalese President Abdoulaye Wade on Wednesday assured representatives of the moribund Air Afrique airline of his commitment to ensure its recovery and expansion. Full text...

  • Ethiopia improving road network
    23 august 2001 15:39:00
    Addis Ababa- Ethiopia (PANA) -- A survey is under way for construction of a 310-kilometre asphalt road to link Kombolcha town in South Wollo with Gundwein town in western Ethiopia's Gojjam region. Full text...

  • Mauritius to invest 700 million rupees in waste project
    23 august 2001 14:01:00
    Port Louis- Mauritius (PANA) -- Mauritius Thursday launched an ambitious sewerage and integrated resort development project at Grand Baie, a tourist village in the north of the island. Full text...

  • Nigeria to get IDA loan for privatisation, AIDS fight
    23 august 2001 13:23:00
    Lagos- Nigeria (PANA) -- The Nigerian government is to receive a 204. Full text...

  • Malawi seeks Mauritian investors
    23 august 2001 12:46:00
    Port Louis- Mauritius (PANA) -- A delegation led by Patrick Makina, general manager of the Malawi Development Corporation, is currently visiting Port Louis in search of Mauritian investors willing to invest in Malawi. Full text...

  • Kenya wants increased trade ties with East Asia
    23 august 2001 11:07:00
    Nairobi- Kenya (PANA) -- Kenya is keen to forge trade links with East Asian countries that have registered economic growth in order to benefit from their expertise. Full text...

  • Investors form association
    22 august 2001 23:23:00
    Tripoli- Libya (PANA) -- An investment conference wound up Tuesday in Tripoli with the creation of an Association of Investors in Africa, sources in the Libyan capital announced Wednesday. Full text...

  • Commuters block traffic over fare hikes
    22 august 2001 22:58:00
    Maputo- Mozambique (PANA) -- Commuters in Boane, some 30 km west of the Mozambican capital of Maputo, Wednesday blocked traffic on the Maputo-Witbank road to protest against a fare increase slapped on them by minibus owners. Full text...

  • Trading activities pick up at GSE
    22 august 2001 21:20:00
    Accra- Ghana (PANA) -- Transactions at the Ghana Stock Exchange picked up during mid-week trading, although the bourse continued to be dominated by bearish sentiments. Full text...

  • NSE Equities Daily Trading
    22 august 2001 18:29:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigeria Stock Exchange for Wednesday 22 August, 2001: 1st Tier Securities [ST] Sector/Company Value of Share AGRICULTURE Okomu Oil Palm Plc 0. Full text...

  • Deby inaugurating Guelendeng-Bongor-Ere-Kelo road
    22 august 2001 18:06:00
    N'Djamena- Chad (PANA) -- Chadian President Idriss Deby on Tuesday inaugurated the 217-km long Guelendeng-Bongor- Ere-Kelo road, which will boost land transportation in the country's southern part. Full text...

  • MPs say IMF, World Bank practise double standards
    22 august 2001 18:04:00
    Nairobi- Kenya (PANA) Some 100 Kenyan parliamentar-ians Wednesday have again accused the World Bank and IMF of employing double standards and acute austerity when dealing with developing countries, especially those in Africa. Full text...

  • Togo settles its arrears with the World Bank
    22 august 2001 17:37:00
    Lome- Togo (PANA) -- Togo is once again eligible to receive loans from the World Bank after clearing her debt service arrears with the Bretton Woods Institution. Full text...

  • Senegal reduces cooking gas, petrol prices
    22 august 2001 15:13:00
    Dakar- Senegal (PANA) -- Senegal on Tuesday reduced the prices of cooking gas as well other oil products, the country's news agency reported. Full text...

  • OPEC grants Sudan observer status
    22 august 2001 11:54:00
    Khartoum- Sudan (PANA) -- Three African oil producing countries have been granted observer status at meetings of the Organization of the Petroleum Exporting Countries, a senior Sudanese government official has disclosed. Full text...

  • Moi unhappy with Africa's investment levels
    21 august 2001 23:46:00
    Nairobi- Kenya (PANA) -- Kenyan President Daniel arap Moi has said that developing countries in Africa were experiencing declining levels of direct foreign investments due to poor policies, under-developed infrastructure and civil unrest. Full text...

  • US trade delegation in Namibia
    21 august 2001 23:35:00
    Windhoek- Namibia (PANA) -- Representatives of several US corporations are currently visiting Namibia to assess the country's investment potentials and tourism attractions. Full text...

  • EAC, Swedish firms on joint projects
    21 august 2001 22:32:00
    Dar es Salaam- Tanzania (PANA) -- Some Swedish firms are set to implement the investments and development projects agreement between Sweden and the East African Community, an EAC statement said. Full text...

  • Kabila lures Namibian investors
    21 august 2001 22:16:00
    Windhoek- Namibia (PANA) -- President Joseph Kabila has invited Namibian engineering companies to help rehabilitate DR Congo's economic infrastructure shattered by years of mismanagement and, more recently, war. Full text...

  • Set up business ties with US counterparts, says trade minister
    21 august 2001 22:08:00
    Windhoek- Namibia (PANA) -- Trade and Industry Minister Hidipo Hamutenya Tuesday appealed to local business to enter into joint ventures with its US counterpart in order to diversify the Namibian economy. Full text...

  • Mkapa happy with outcome of Commonwealth trade meeting
    21 august 2001 22:03:00
    Dar es Salaam- Tanzania (PANA) -- Tanzanian President Benjamin Mkapa Tuesday hailed the just-ended Commonwealth partnership dialogue in Kampala, Uganda, as a significant forum for Africa. Full text...

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