Economy -
  • 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...

  • Guinea Bissau joins EDF fishing project
    09 may 2001 23:11:00
    Bissau- Guinea Bissau (PANA) -- Guinea Bissau is among 25 African countries included in the five-year European Development Fund fishing programme under which FAO would provide 35 million US dollars to each of them. Full text...

  • Coffee production drops by 40 percent in Burundi
    09 may 2001 22:08:00
    Bujumbura- Burundi (PANA) -- Authorities in Bujumbura have predicted that coffee production in Burundi would drop by 40 percent this year to about 18,500 tonnes from the 31,000 tonnes produced in 2000 due to low rainfall and attacks by pests on the crop. Full text...

  • Ten Arab Countries Agree On A Common Market
    09 may 2001 20:37:00
    Rabat- Morocco (PANA) -- Ten countries in the Mediterranean region have agreed on an extended free Arab trade zone as a step toward creation of a future common Arab market, it was officially announced Wednesday. Full text...

  • China gives Mauritius equipment worth 15.5 million rupees
    09 may 2001 20:13:00
    Port Louis- Mauritius (PANA) -- China's ambassador in Mauritius, Xia Shouan on Wednesday handed over agricultural and health equipment worth 15. Full text...

  • Mozambique raises minimum wage by 17 percent
    09 may 2001 17:45:00
    Maputo- Mozambique (PANA) -- The Mozambican government has, as expected, decreed a 17 percent increase in the statutory minimum wage of the country's workers. Full text...

  • Mozambique Telcoms prepared to invest in Zambezia
    09 may 2001 17:35:00
    Maputo- Mozambique (PANA) -- The state-owned Mozambican Telecommunications Company (TDM) is prepared to invest 7. Full text...

  • Namibia's exchange rates for Wednesday
    09 may 2001 16:41:00
    Windhoek- Namibia (PANA) -- Following are the daily exchange rates against the Namibian dollar for Wednesday afternoon, as provided by the First National Bank's Treasury Division: [ST] Dollar/Commercial Rand: 7. Full text...

  • Air Mauritania orders strikers to resume work
    09 may 2001 16:34:00
    Nouakchott- Mauritania (PANA) -- Air Mauritania has issued its striking technical flight personnel with an ultimatum to return to work within three days or consider themselves fired. Full text...

  • Ethiopian Export Promotion Agency eyes diversity
    09 may 2001 16:10:00
    Addis Ababa- Ethiopia (PANA) -- Ethiopia's Export Promotion Agency has unveiled a five-year plan to improve the quality of commodities and diversify the country's foreign exchange earnings. Full text...

  • Mediterranean states work to create Arab free-trade zone
    09 may 2001 15:08:00
    Rabat- Morocco (PANA) -- Morocco, Jordan, Tunisia and Egypt Tuesday have decided to work for the setting up of an Arab Free- Trade Zone (ZALE) comprising Mediterranean Arab countries. Full text...

  • Morocco hosts African conference on fisheries
    09 may 2001 14:14:00
    Rabat- Morocco (PANA) -- Ahead of the 5th ministerial conference on fishing cooperation between African States along the Atlantic Ocean, a committee of experts has begun sizing up the execution of an action plan adopted at the previous conference in October 1999. Full text...

  • Malian imports through Cote d'Ivoire drop drastically
    09 may 2001 13:48:00
    Abidjan- Cote d'Ivoire (PANA) -- Malian imports through Cote d'Ivoire estimated at 150 billion CFA francs (1 US dollar = 700 CFA francs) have substantially dropped, the Ivorian Chamber of Commerce and Industry (CCI) said. Full text...

  • Western Cape Premier lauds trip to USA
    09 may 2001 13:18:00
    Cape Town- South Africa (PANA) -- Western Cape Premier Gerald Morkel said his visit to California and Florida would encourage the exchange of knowledge and skills between the people of South Africa and the United States. Full text...

  • Troubled Zambian state bank hesitant about private shares
    09 may 2001 13:13:00
    Lusaka- Zambia (PANA) -- The Zambian government, through its privatisation agency, is sifting deeper for a viable option in its bid to bail the state-owned Zambia National Commercial Bank out of a continuing crisis. Full text...

  • Kuwait resumes oil supplies to Zimbabwe
    09 may 2001 11:46:00
    Harare- Zimbabwe (PANA) -- A Kuwaiti company Wednesday resumed fuel shipments to Zimbabwe after it received 10 million US dollars in arrears for earlier supplies. Full text...

  • Zimbabwe government's internal debt on the decline
    09 may 2001 11:38:00
    Harare- Zimbabwe (PANA) -- Zimbabwe's high government domestic debt, blamed for fuelling inflation and interest rates, has declined slightly to 177 billion Zimbabwean dollars due mainly to tighter expenditure control, the Central Bank said Wednesday. Full text...

  • Niger increases fiscal budget by 20 billion francs
    08 may 2001 21:52:00
    Niamey- Niger (PANA) -- The government in Niger Tuesday augmented its current fiscal budget by 20 billion CFA francs, according to an official statement following a cabinet meeting. Full text...

  • Southern Africa Economic Summit Set for Durban
    08 may 2001 21:09:00
    Windhoek- Namibia (PANA) -- Southern African political and business leaders are due to meet early June in Durban, South Africa, for an economic summit which organisers say will address the most challenging problems facing the subregion. Full text...

  • Finance ministers size up Africa's economic options
    08 may 2001 18:02:00
    Dakar- Senegal (PANA) -- The 9th joint conference of African economy and finance ministers rolled off Tuesday in Algiers, Algeria with Zimbabwe's Simba Makoni urging for a common united front in the drive for the continent's development. Full text...

  • Zambian kwacha loses ground
    08 may 2001 17:24:00
    Lusaka- Zambia (PANA) -- The Central Bank in Zambia was Tuesday auctioning a million US dollars in a bid to shore up the strength of the local kwacha that sagged three per cent on Monday's trading. Full text...

  • MALITEL temporarily suspends taking new customers
    08 may 2001 17:14:00
    Bamako- Mali (PANA) -- The first Malian mobile telephone operator, MALITEL, has decided to temporarily suspend taking new subscribers while the company is undergoing an extension exercise. Full text...

  • Zimbabwe bans wheat exports
    08 may 2001 16:51:00
    Harare- Zimbabwe (PANA) -- Zimbabwe on Tuesday announced a ban on wheat exports because of an expected shortfall in domestic production of the commodity Agriculture Minister Joseph Made said the measure was precautionary as total domestic production was still unknown. Full text...

  • Underground explosion kills 12 miners
    08 may 2001 16:37:00
    Cape Town- South Africa (PANA) -- Twelve miners died in a massive explosion at the Beatrix gold mine in the Free State Tuesday morning. Full text...

  • Malawi government goes austere on spending
    08 may 2001 16:02:00
    Blantyre- Malawi (PANA) -- Malawi's Finance minister Matthews Chikaonda has intimated government was moving to introduce a number of measures to ensure fiscal discipline and curb over- expenditure across its departments. Full text...

  • Burkina Faso opts for small-scale irrigation
    08 may 2001 14:48:00
    Ouagadougou- Burkina Faso (PANA) -- The Burkinabe government has adopted a new agricultural strategy based on small-scale irrigation at village level. Full text...

  • Kenya airways to re-align business
    08 may 2001 13:39:00
    Nairobi- Kenya (PANA) -- Kenya Airways (KA) says it is presently re-aligning its business activities with a view to transforming into a world class network airline within the next five years. Full text...

  • Nigeria begins crude oil sale to Ghana
    08 may 2001 12:50:00
    Lagos- Nigeria (PANA) -- Following an agreement between State-owned Nigerian National Petroleum Corporation (NNPC) and Ghana's Tema Oil Refinery (TOR) in March, Ghana has started lifting 30,000 barrels of crude oil per day from Nigeria, NNPC Spokesman Ndu Ughamadu said. Full text...

  • Portuguese company to take-over Cape Verde Brewery
    08 may 2001 09:41:00
    Praia- Cape Verde (PANA) -- A Portuguese firm has signed an agreement to acquire major shares in Cape Verde's Brewery. Full text...

  • Trade Department official issues growth blueprint
    08 may 2001 09:08:00
    Cape Town- South Africa (PANA) -- The South African economy needs to grow faster than the current three percent to attract foreign investments, a senior Trade Department official has said. Full text...

  • UEMOA Experts meet in Ouagadougou
    07 may 2001 22:55:00
    Ouagadougou- Burkina Faso (PANA) -- Experts from the eight- nation West African Economic and Monetary Union (UEMOA) are attending a five-day meeting in Ouagadougou to prepare a ministerial conference to be held from 21-22 May in Lome, Togo. Full text...

  • Second thermal water bottling factory for Benin
    07 may 2001 20:55:00
    Cotonou- Benin (PANA) -- Benin has finalised plans for the construction of its second thermal water bottling factory in Hetin-Sota in Oueme department, some 70km from Cotonou. Full text...

  • International Colloquium on Economic Journalism in August
    07 may 2001 20:50:00
    Cotonou- Benin (PANA) -- An international seminar on the challenges and stakes of economic journalism in West Africa will be held 5-12 August in Cotonou, its organisers announced Monday. Full text...

  • Benin press to attend 3rd UN conference on LDCs
    07 may 2001 20:31:00
    Cotonou- Benin (PANA) -- The Network of economic journalists of Benin (JEB-Network) will participate in the 3rd UN Conference on Least Developed Countries (LDC) scheduled 14-20 May in Brussels. Full text...

  • Standards bureau to close cooking oil factories
    07 may 2001 20:14:00
    Blantyre- Malawi (PANA) -- The Malawi Bureau of Standard has threatened to close several cooking oil factories found to be making sub-standard products. Full text...

  • GSE continues poor performance
    07 may 2001 17:46:00
    Accra- Ghana (PANA) -- The Ghana Stock Exchange (GSE) continued its weak movement Monday with the main stock gauge, the GSE All-Share Index, slipping by 0. Full text...

  • Govt. slips on Beans import
    07 may 2001 17:35:00
    Lagos- Nigeria (PANA) -- The Nigerian government is facing scathing criticism over its reported plan to import beans from Burkina Faso, and seems confused on how to handle the ensuing controversy. Full text...

  • Cost of living expected up 2.3 percent in Morocco
    07 may 2001 17:22:00
    Rabat- Morocco (PANA) -- The cost of living index is expected to reach 2. Full text...

  • DR Congo peace prospects to boost international trade
    07 may 2001 16:36:00
    Dar es Salaam- Tanzania (PANA) -- With international attention now on the peace process in DR Congo, trade between the war-ravaged but rich Central African State and other nations, is set to pick up again, President Joseph Kabila said at the weekend. Full text...

  • Loan scheme props Moroccan grassroots initiatives
    07 may 2001 13:54:00
    Dakar- Senegal (PANA) -- A joint UN Capital Development Fund (UNCDF) and UN Development Programme (UNDP) scheme in Morocco providing small loans to community initiatives has met with success, official sources affirmed Monday. Full text...

  • Kenya is facing 1.28-billion dollar budget deficit
    07 may 2001 11:28:00
    Nairobi- Kenya (PANA) -- The Kenya government will face a deficit of 100 billion shillings (1. Full text...

  • Government courts controversy over Burkina Faso beans
    07 may 2001 07:53:00
    Lagos- Nigeria (PANA) -- The Nigerian government is facing scathing criticism over its plan to import beans from Burkina Faso, and seems confused on how to handle the controversy generated by the issue. Full text...

  • UEMOA moves to check money laundering
    05 may 2001 19:40:00
    Dakar- Senegal (PANA) -- The West African Economic and Monetary Union (UEMOA) has embarked on setting up a framework to fight money laundering, the Governor of the Central Bank of West Afrian States (BCEAO) said in Dakar, Senegal. Full text...

  • Bank of France's allays worries over FCFA's lot with Euro
    05 may 2001 17:15:00
    Dakar- Senegal (PANA) -- The Governor of the Bank of France, Jean-Claude Trichet, has said that the linking of the CFA Franc to the European currency would not be a problem when the French franc is replaced by the Euro in January 2002. Full text...

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