Economy -
  • Morocco growth forecast at 7.2 per cent
    05 may 2001 15:21:00
    Rabat- Morocco (PANA) -- Morocco's Board of Statistics has forecasted the country's economic growth in 2001 at 7. Full text...

  • Unions and employers narrow gap over wage increase
    05 may 2001 14:21:00
    Maputo- Mozambique (PANA) -- Mozambican unions and employers have reached virtual agreement over the level of the forthcoming increase in the statutory minimum wage. Full text...

  • Small traders find currency trading more profitable
    05 may 2001 11:51:00
    Plumtree- Zimbabwe (PANA) -- Balancing herself with a working stick, 71-year old Sindile Nhliziyo inches towards an approaching car from the Botswana border in a group of mostly women. Full text...

  • Senegal Telecom company makes 42.5 billion fcfa profit
    04 may 2001 22:51:00
    Dakar- Senegal (PANA) -- Senegalese National Telecom Company (SONATEL), with a majority shareholding by France-Telecom, recorded a net profit of 42. Full text...

  • Industrial production up 3.5 per cent in Morocco
    04 may 2001 21:47:00
    Rabat- Morocco (PANA) -- Morocco's General Economic Policy Board (DPEG) has reported a 3. Full text...

  • Minister eyes rising Tanzanite skirmishes
    04 may 2001 20:32:00
    Dar es Salaam- Tanzania (PANA) -- Energy and Minerals Minister Edgar Maokola-Majogo Friday vowed to settle for good a simmering row between Tanzania's small-scale miners and African Gem Resources (Afgem), a South African-based mining company, over Tanzanite mining in north Tanzania. Full text...

  • Kenya moves to check trade imbalance with Russia
    04 may 2001 19:33:00
    Nairobi- Kenya (PANA) -- Kenya's Trade and Industry minister Nicholas Biwott has hinted of plans to bridge what he said was a trade gap with Russia. Full text...

  • Ban on sugar import to Tanzania triggers price hikes
    04 may 2001 14:55:00
    Dar es Salaam- Tanzania (PANA) -- Two months after the Tanzanian government banned local traders from importing sugar, the commodity is in short supply across the country. Full text...

  • Kenya woos foreign investors
    04 may 2001 14:05:00
    Nairobi- Kenya (PANA) -- Kenyan authorities have embarked on an ambitious campaign to attract foreign entrepreneurs to invest in the country in a bid to salvage the spiralling economy. Full text...

  • UEMOA expert committee meets next week
    04 may 2001 12:33:00
    Ouagadougou- Burkina Faso (PANA) -- Experts of the West African Economic and Monetary Union (UEMOA) would convene 7-11 May in Ouagadougou to prepare an agenda for its ministerial council scheduled for 21-22 May in Lome, Togo. Full text...

  • IMF evaluation mission lands in Cameroon
    03 may 2001 23:13:00
    Yaounde- Cameroon (PANA) -- An International Monetary Fund (IMF) delegation is in Cameroon for a two-week stay during which it will conduct an evaluation of the country's economy in the last six months, an IMF official in Yaounde said Thursday. Full text...

  • Morocco, France sign economic co-operation agreements
    03 may 2001 22:45:00
    Rabat- Morocco (PANA) -- Morocco and France Thursday signed several co-operation agreements to support Morocco's Small- and Medium-sized Enterprises (SMEs), the State Television (TVM) reported in Rabat. Full text...

  • Consortium lands Sudanese oil-prospecting deal
    03 may 2001 21:37:00
    Khartoum- Sudan (PANA) -- A consortium has concluded a contract with the authorities in Khartoum to prospect for oil in the Mujlad Basin in south-western Sudan. Full text...

  • ADF loans 11.50 million dollars to Benin for food projects
    03 may 2001 21:23:00
    Cotonou- Benin (PANA) -- The African Development Fund (ADF) has approved a loan of 11. Full text...

  • Mozambican airlines raises air fares
    03 may 2001 20:42:00
    Maputo- Mozambique (PANA) -- The state-owned Mozambican airline, LAM, has raised its domestic, regional and inter- continental fares, effective since last Tuesday. Full text...

  • SADC reports lapse in human development
    03 may 2001 20:17:00
    Windhoek- Namibia (PANA) -- A report just released on the sub region concedes that improvement in the level of human development has not been sustained across member countries of the Southern African Development Community (SADC). Full text...

  • UNDP to issue first human development for Arab states
    03 may 2001 17:36:00
    Dakar- Senegal (PANA) -- The UNDP is preparing to issue the first Human Development Report devoted to the quality of life in 22 Arab countries by the end of this year. Full text...

  • Dakar Hosts Central Bank Governors' Meeting
    03 may 2001 16:44:00
    Dakar- Senegal (PANA) -- About 30 central bank governors from 25 Francophone and Lusophone countries Thursday began a consultation in the Senegalese capital, Dakar, on economic, monetary and financial issues. Full text...

  • Nigeria To Buy Beans From Burkina Faso
    03 may 2001 13:15:00
    Lagos- Nigeria (PANA) -- Nigeria's federal government has ordered the importation of beans from Burkina Faso to flood the local market with the commodity and forced down its rising price, according to a government spokesman. Full text...

  • Phosphate, fertiliser production increase in Morocco
    03 may 2001 13:11:00
    Rabat- Morocco (PANA) -- Phosphate production in Morocco rose by 6. Full text...

  • Foreign banks barred from repatriating dividends
    03 may 2001 10:51:00
    Harare- Zimbabwe (PANA) -- Three foreign banks operating in Zimbabwe Thursday said the central bank has used the country's foreign currency crisis to bar them from repatriating dividends abroad. Full text...

  • Italian business delegation due in Morocco
    02 may 2001 23:07:00
    Rabat- Morocco (PANA) -- A delegation of Italian businessmen is expected from in Casablanca, Morocco 7-8 May for meetings with their Moroccan counterparts, Rabat sources said Wednesday. Full text...

  • ACP Regional Organisations meet in Brussels,
    02 may 2001 20:57:00
    Dakar- Senegal (PANA) -- Representatives of the African, Caribbean and Pacific (ACP) group Regional Integration Organisations, hold their second meeting in Brussels from Thursday. Full text...

  • Ship with 13 tonnes of prawns seized
    02 may 2001 18:10:00
    Maputo- Mozambique (PANA) -- A ship illegally carrying 13 tonnes of prawns was seized Tuesday along with its crew in the Mozambique Channel near the town of Xai-Xai, capital of the southern Mozambican province of Gaza, the daily paper, Noticias reported Wednesday. Full text...

  • Abidjan port seeks to win back landlocked clients
    02 may 2001 17:42:00
    Abidjan- Cote d'Ivoire (PANA) -- Delegations of port users from Mali, Burkina Faso and Niger are on their second of a two- day visit at the invitation of the Abidjan Port Authority management in the Ivorian economic capital. Full text...

  • Building activity shows steady growth
    02 may 2001 12:49:00
    Cape Town- South Africa (PANA) -- Lower interest rates in South Africa have positively boosted building activity in the residential sector that continues to show steady growth, says a recent survey. Full text...

  • Tanzania sets up committee to woo investors
    02 may 2001 11:54:00
    Dar es Salaam- Tanzania (PANA) -- Encouraged by rising foreign direct investment (FDI), the Tanzania government has set up a seven-member committee to make the country more attractive to investors. Full text...

  • US jewellers say they won't buy conflict diamonds
    02 may 2001 10:27:00
    Cape Town- South Africa (PANA) -- Retail jewellers from the United States have said that the international certification agreement reached in Europe by governments and the diamond industry to curb the sale of uncut 'blood diamonds' was timely. Full text...

  • BOAD loans Senegal a six billion CFA loan for power
    01 may 2001 19:44:00
    Dakar- Senegal (PANA) -- The West African Development Bank (BOAD) has loaned six billion CFA francs (1 USD = 750 CFA F) to the Senegalese Electricity Company (SENELEC) for a partial funding of a project to extend a 30-Megawatt thermal station at Cap des Biches in the eastern suburbs of Dakar. Full text...

  • Obasanjo joins Nigerian workers' to mark May Day
    01 may 2001 19:36:00
    Lagos- Nigeria (PANA) -- After months of rancour over the issue of deregulation of the oil sector, Nigerian labour and the government found a common front as President Olusegun Obasanjo, accompanied by some of his Ministers, joined to mark the Workers' Day Tuesday. Full text...

  • Mozambican workers demand better pay, labour justice
    01 may 2001 18:04:00
    Maputo- Mozambique (PANA) -- Thousands of Mozambican workers joined the May Day parade through the streets of Maputo Tuesday, calling for "labour and wage justice," and an end to mass redundancies. Full text...

  • Row over Tanzanite mining peaks
    01 may 2001 14:25:00
    Dar es Salaam- Tanzania (PANA) -- A serious conflict centred on the precious Tanzanite stone is pitting local artisanal miners in Arusha, northern Tanzania against African Gem Resources Limited (AFGEM), a South African listed mining company. Full text...

  • Equities trading at Nigerian Stock Exchange
    01 may 2001 14:04:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigeria Stock Exchange as the week opened Monday 30 April: 1st Tier Securities [ST] Sector/Company Value of Share AGRICULTURE Grommac Inds. Full text...

  • Kenya farmers to get Stabex funds
    01 may 2001 13:53:00
    Nairobi- Kenya (PANA) -- Small scale farmers in Kenya would soon benefit from the EU-ACP fund for stabilisation of export earnings (Stabex), following a decision by Nairobi authorities to release the money after nearly a decade. Full text...

  • Kenya Airways boss retires
    01 may 2001 10:13:00
    Nairobi- Kenya (PANA) -- The board of directors of Kenya Airways has announced the retirement of the managing director of the company, Richard Nyaga. Full text...

  • Parliament investigates 2 MPs for alleged fraud
    30 april 2001 23:07:00
    Bamako- Mali (PANA) -- The Malian Parliament has set up two Commissions to examine the lifting of parliamentary immunity on two MPs facing fraud charges. Full text...

  • Ghana raises minimum wage by 31 percent
    30 april 2001 20:55:00
    Accra- Ghana (PANA) -- The Ghanaian government and labour Monday agreed an increase of 30. Full text...

  • Malian business delegation reconsiders Ivorian landscape
    30 april 2001 20:42:00
    Bamako- Mali (PANA) -- A delegation of Malian businessmen is currently visiting Cote d'Ivoire at the invitation of the Ivorian Chamber of Commerce and Industry and the Abidjan Port Authority. Full text...

  • Accra Bourse Index in slight gain
    30 april 2001 20:33:00
    Accra- Ghana (PANA) -- The Ghana Stock Exchange (GSE) had a breather Monday with its All-Share Index, the key stock gauge, making a modest 0. Full text...

  • Experts meet on West African power co-operation
    30 april 2001 20:16:00
    Cotonou- Benin (PANA) -- Ministers and experts in charge of Energy in Nigeria, Benin and Togo are meeting in Cotonou, on the electricity inter-connection project involving the three countries. Full text...

  • Egyptian entrepreneurs visit Comoro for investment
    30 april 2001 19:54:00
    Moroni- Comoro (PANA) -- Egyptian entrepreneurs are in the Comoro in search of investment opportunities, according to former Foreign Minister Said Mohamed Sagaf, the focal point of the Egypt-Comoro business Association. Full text...

  • More say urged for developing countries at IMF, World Bank
    30 april 2001 19:26:00
    Washington- US (PANA) -- Nigeria made a case Monday for a larger voice for developing countries in the decision making processes of the World Bank and the International Monetary Fund. Full text...

  • ECOWAS finance ministers end meeting in Togo
    30 april 2001 17:14:00
    Lome- Togo (PANA) -- ECOWAS finance ministers Sunday ended a two-day extraordinary session in Lome after discussing a report of the administrative and financial commission on enhancing the community's financial resources. Full text...

  • DRC Inflation down in March
    30 april 2001 16:14:00
    Kinshasa- DR Congo (PANA) -- Inflation rates in Kinshasa dropped from 8. Full text...

  • 8 quizzed over Malawi estate scandal
    29 april 2001 19:29:00
    Blantyre- Malawi (PANA) -- Malawi police are investigating eight employees of the Administrator General's Office over the disappearance of hundreds of thousands of dollars belonging to dead people. Full text...

  • World Bank official positive about Nigeria, South Africa
    29 april 2001 18:08:00
    Washington- US (PANA) -- Though South Africa and Nigeria are not among the high growth economies in Africa, s senior World Bank official has acknowledged what he said were encouraging signs that the two were closing in on the kind of growth that chips away at poverty. Full text...

  • G-7 sues for cancellation of HIPC bilateral debts
    29 april 2001 16:50:00
    Washington- US (PANA) -- Finance ministers of the seven largest economies have called on other bilateral creditors to join them in offering 100 per cent cancellation of all eligible debts owed them by the Heavily Indebted Poor Countries (HIPC). Full text...

  • Senegal reports surplus in first quarter fiscal revenue
    29 april 2001 14:48:00
    Dakar- Senegal (PANA) -- The authorities in Dakar have reported raising 139,800 million francs CFA (1 US dollar = 700 FCFA) in fiscal revenue for the first quarter of 2001 - 3,300 million FCFA more than the amount initially targeted. Full text...

  • More resources needed to hold out global contraction
    29 april 2001 10:42:00
    Washington- US (PANA) -- Worried about the likely impact on their economies of the current economic slow down in advanced countries, developing countries have urged the World Bank and the IMF to intensify efforts towards the enhancement of their growth and reduction of poverty. Full text...

  • Africa Wants Partial Debt Cancellation, Increased Aids
    29 april 2001 10:18:00
    Washington- US (PANA) -- Rather than insist on the cancellation of all their debts that may bankrupt the IMF and the World Bank, African ministers said Saturday that they would prefer an increase in the flow of other resources from developed countries to their countries. Full text...

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