Economy -
  • ADB grants seven million-dollar loan to Guinea Bissau
    19 july 2001 18:02:00
    Dakar- Senegal (PANA) -- The African Development Fund (ADF), the soft-loan window of the African Development Bank, has approved a loan of 5. Full text...

  • Mauritius launches the micro-credit scheme
    19 july 2001 18:01:00
    Port Louis- Mauritius (PANA) -- The government of Mauritius has launched a micro-credit scheme within the framework of efforts at containing poverty in the country. Full text...

  • Sudan breaks monopoly of telecommunication service
    19 july 2001 17:31:00
    Khartoum- Sudan (PANA) -- Sudan has opened its telecommunications sector to other private investors, breaking the monopoly of the Sudanese Telecommunications company (Sudatel). Full text...

  • Kenyan group sends SOS to G-8 meeting on debt
    19 july 2001 17:23:00
    Nairobi- Kenya (PANA) -- Kenya's Debt Relief Network has called on the G-8 meeting opening in Genoa, Italy, Friday to consider the cancellation of the country's external debt of 372 billion shillings (about 4. Full text...

  • Zimbabwe lands barter deal with Libya on Fuel
    19 july 2001 16:58:00
    Harare- Zimbabwe (PANA) -- Zimbabwe, reeling from a two-year fuel shortage, has clinched a barter oil deal worth 360 million US dollars with Libya, government officials said Thursday. Full text...

  • Mauritian sugar workers spoiling for national strike
    19 july 2001 16:01:00
    Port Louis- Mauritius (PANA) -- The Mauritian Sugar Industry Labourers Union and the Union of Artisans are mobilising the Industry's estimated 20,000 workers for a major rally Sunday to decided on a planned strike. Full text...

  • WAEMU countries discuss common agricultural policy
    19 july 2001 14:58:00
    Bamako- Mali (PANA) -- A workshop to define major orientations for a common agricultural policy within the West African Economic and Monetary Union (UEMOA) is underway in Bamako, grouping experts and MPs from member countries. Full text...

  • Popularising poverty reduction strategy in Burkina Faso
    19 july 2001 14:12:00
    Ouagadougou- Burkina Faso (PANA) -- Scores of participants Wednesday attended a workshop at Dedougou, 250-km west of Ouagadougou, as part of the Burkinabe government's effort to popularise its poverty reduction programme. Full text...

  • Mboweni upbeat about South African economy
    19 july 2001 10:15:00
    Cape Town- South Africa (PANA) -- Compared to the euro and other major world currencies, the South African rand has fared well despite the dramatic lows notched up during the past few weeks, Reserve Bank governor Tito Mboweni said Wednesday night. Full text...

  • Rwanda to benefit from trade boost with US
    19 july 2001 08:27:00
    Kigali- Rwanda (PANA) -- Rwanda and the US have agreed to promote trade and investments between them by increasing the potential benefits of the Africa Growth and Opportunities Act (AGOA) for Rwanda's business community, a statement from the president's office said Thursday. Full text...

  • New Skies Satellites expands sales and marketing force
    19 july 2001 08:03:00
    Cape Town- South Africa (PANA) -- New Skies Satellites, the global satellite communications company, is expanding its global presence with the appointment of Martin Brasg as Sales Manager for Africa for Africa. Full text...

  • Mali records over 100-percent expansion in tourism
    18 july 2001 23:33:00
    Bamako- Mali (PANA) -- The tourism sector in Mali has expanded more than 100 percent between 1990 and 2001, thanks to a master plan initiated by the Department of Tourism in Bamako. Full text...

  • Niger's Uranium Output Drops After A Technical Mishap
    18 july 2001 22:32:00
    Niamey- Niger (PANA) -- Uranium production in Niger has not stopped but it continues at a reduced pace following a mishap in April, Cominak mining company confirmed Wednesday from its base at Arlit, 1,500 km north of the capital, Niamey. Full text...

  • Over 200,000 litres of petroleum products seized
    18 july 2001 21:19:00
    Yaounde- Cameroon (PANA) -- Cameroonian government agents recently seized more than 200,000 litres of petrol worth 96 million F CFA during raids on 15 sites where illegal fuel mixtures were being sold in western province. Full text...

  • Cameroon inaugurates 65 billion-franc highway
    18 july 2001 20:19:00
    Yaounde- Cameroon (PANA) -- Cameroonian Prime Minister Peter Mafany Musonge has inaugurated a European Union-funded highway stretching 247km to link Bertoua and Garoua Boulai in East Cameroon province. Full text...

  • NSE daily trading summary
    18 july 2001 19:38:00
    Lagos- Nigeria (PANA) -- Daily equities that traded at the Nigerian Stock Exchange for Wednesday are as follows when a total of 27. Full text...

  • Sale of State shares in Telkom Kenya hits snag
    18 july 2001 18:07:00
    Nairobi- Kenya (PANA) -- The Kenya government's bid to divest its 49 percent shares in Telkom Kenya by June this year, appears to have stalled after two potential bidders from Egypt and South Africa failed to pick up the offer. Full text...

  • Interest on loans up in Kenya
    18 july 2001 17:54:00
    Nairobi- Kenya (PANA) -- Excess liquidity in the Kenyan money market has pulled down inter-bank interest rates but loans still attract higher premiums, according to the Central Bank of Kenya's latest update for the week ending 13 July. Full text...

  • BEAC Governor rules out CFA devaluation
    18 july 2001 17:44:00
    Yaounde- Cameroon (PANA) -- The governor of the Bank of Central African States (BEAC), Mr. Full text...

  • Nigerian Stock Exchange half-year review
    18 july 2001 16:38:00
    Lagos- Nigeria (PANA) -- The Nigerian Stock Exchange (NSE) was upbeat in the first half of this year, when it recorded a turnover of 2. Full text...

  • Mkapa commissions third gold mine
    18 july 2001 16:14:00
    Dar es Salaam- Tanzania (PANA) -- Tanzanian President Benjamin Mkapa Wednesday commissioned the country's third largest gold mine in the fast growing commercial district of Kahama in the north-western part of the country. Full text...

  • Inflation rises in Zimbabwe
    18 july 2001 15:38:00
    Harare- Zimbabwe (PANA) -- Zimbabwe's year-on-year inflation rose by 8. Full text...

  • Interest on loans up in Kenya
    18 july 2001 11:02:00
    Nairobi- Kenya (PANA) -- Excess liquidity in the Kenyan money market has pulled down inter-bank interest rates but loans still attract higher premiums, according to the Central Bank of Kenya latest update for the week ending 13 July. Full text...

  • Sale of State shares in Telkom Kenya hits snag
    18 july 2001 10:59:00
    Nairobi- Kenya (PANA) -- The Kenya government's bid to divest its shares in Telkom Kenya (49 percent) by June this year appears to have hit a snag after two potential bidders from Egypt and South Africa failed to pick up the offer. Full text...

  • Nigeria's import bill goes up
    18 july 2001 10:44:00
    Lagos- Nigeria (PANA) -- Nigeria's import bill rose sharply between January and May this year to 449 million dollars, from 120. Full text...

  • DR Congo to step up rural electrification
    18 july 2001 10:40:00
    Kinshasa- DR Congo (PANA) -- DR Congo plans to use floating hydro-generators to provide electricity to some, the technology's inventor Jean Rutten affirmed in Kinshasa. Full text...

  • Zambian unit regains strength
    18 july 2001 10:06:00
    Lusaka- Zambia (PANA) -- After weeks of slumber, the Zambian kwacha at the start of business Wednesday was five points stronger against the Greenback at 3680 units, regaining the marginal losses of four points it suffered last week. Full text...

  • South Africa reports slight drop in inflation rate
    18 july 2001 09:57:00
    Cape Town- South Africa (PANA) -- South Africa's official inflation rate decreased to 6. Full text...

  • Niger gets US Internet support
    18 july 2001 09:37:00
    Niamey- Niger (PANA) -- The United States and Niger have signed a 350,000-dollar financial agreement for the purchase of Internet equipment, official sources said in Niamey. Full text...

  • Crisis in Zimbabwe affects Beira economy
    17 july 2001 21:23:00
    Maputo- Mozambique (PANA) -- Zimbabwe's dramatic shortage of foreign currency has drastically affected the economy of Mozambique's second largest city, Beira. Full text...

  • Mozambique's fuel prices rise
    17 july 2001 21:11:00
    Maputo- Mozambique (PANA) -- The Mozambican Ministry of Mineral Resources and Energy has announced increases in the prices of all liquid fuels, except petrol, taking effect as from Tuesday. Full text...

  • Stocks Rallies on Second Day of Trading
    17 july 2001 19:20:00
    Nairobi- Kenya (PANA) -- Trading at the Nairobi Stock Exchange rallied Tuesday to peak at Ksh 20. Full text...

  • South African Hotel Group Signs Management Agreement in Nigeria
    17 july 2001 19:07:00
    Lagos- Nigeria (PANA) -- South Africa's Protea Hotels and Nigeria's Honeywell Group Tuesday signed a joint management agreement for a new hotel to be built in the high-brow Victoria Island in Lagos. Full text...

  • NSE daily trading summary for Tuesday
    17 july 2001 19:06:00
    Lagos- Nigeria (PANA) -- Following are the daily equities that traded Tuesday at the Nigerian Stock Exchange where a total of 31. Full text...

  • Kenya rejects Egyptian firm's bid
    17 july 2001 18:41:00
    Nairobi- Kenya (PANA) -- The Kenya Government has turned down a bid by Orascom, an Egyptian firm, for the purchase of 49 percent stake in Telkom Kenya, which is on the market for sale under the country's privatisation programme. Full text...

  • Nigeria to sell shares confiscated from Abacha
    17 july 2001 18:37:00
    Abuja- Nigeria (PANA) -- Nigeria Tuesday announced that it would soon sell the 40 percent equity shares it confiscated from the late dictator, Gen. Full text...

  • Nigeria To Sell Shares Confiscated From Abacha
    17 july 2001 18:33:00
    Abuja- Nigeria (PANA) -- Nigeria Tuesday announced that it would soon sell the 40 percent equity shares it confiscated from the late dictator, Gen. Full text...

  • NCC To Licence New Analogue Mobile Phone Company
    17 july 2001 18:08:00
    Lagos- Nigeria (PANA) -- The market for analogue mobile communication system in Nigeria is to receive a boost with the processing of a licence for analogue mobile service by the Nigerian Communications Commission (NCC). Full text...

  • Nigeria records drop in oil exports
    17 july 2001 18:06:00
    Lagos- Nigeria (PANA) -- Nigeria's export of crude oil, the mainstay of its economy, declined by 11. Full text...

  • China writes off 13.8 million-dollar debt to Kenya
    17 july 2001 17:37:00
    Nairobi Kenya (PANA) -- China has announced it would write off over half of the 1. Full text...

  • Zambia appeals for 98,000 metric tonnes of maize
    17 july 2001 17:27:00
    Lusaka- Zambia (PANA) -- The Zambian government said Tuesday that it needs 98,000 metric tonnes of maize to help more than two million people threatened with starvation in the country. Full text...

  • Absa joins Visa International's millionaire club
    17 july 2001 16:52:00
    Cape Town- South Africa (PANA) -- South African bank, Absa, has become the latest member of Visa International's Central Europe Middle East and Africa (CEMEA) Millionaires Club after issuing one million Visa branded cards. Full text...

  • Inflation eases in Kinshasa
    17 july 2001 16:15:00
    Kinshasa- DR Congo (PANA) -- Inflation in Kinshasa dropped over all by 1. Full text...

  • Cape Verde records increase in foreign trade
    17 july 2001 14:43:00
    Praia- Cape Verde (PANA) -- Cape Verde's National Statistics Institute said the country's overall exports amounted to 266. Full text...

  • Zambia accesses World Bank project funds
    17 july 2001 14:33:00
    Lusaka- Zambia (PANA) -- Zambia is to receive 15 million US dollars of project funding from the World Bank under the Africa Trade Insurance Agency (ATI) programme, the local press reported Tuesday. Full text...

  • Kinshasa 2001 Fair opens 21 July
    17 july 2001 10:35:00
    Kinshasa- DR Congo (PANA) -- This Year's Kinshasa Fair in DR Congo, has been slated for 21 July-21 August, the President of the Kinshasa International Fair (FIKIN), Jean-Bosco Elumba Kongolo, announced Monday. Full text...

  • Motor suppliers improve relations with clients
    17 july 2001 09:26:00
    Cape Town- South Africa (PANA) -- Over the last six years, South African motor vehicle suppliers have greatly improved their services to their dealers and customers, according to the latest independent study of dealer satisfaction released Monday. Full text...

  • GSE Index back to modest volume Monday
    16 july 2001 20:11:00
    Accra- Ghana (PANA) -- After closing at a record 3. Full text...

  • Tourists desert beaches in Kabylie
    16 july 2001 20:07:00
    Algiers- Algeria (PANA) -- Tourists have deserted beaches and cancelled hotel bookings in the troubled Algerian region of Kabylie, where bloody protests have occurred over the past few months. Full text...

  • NSE Daily Trading Summary
    16 july 2001 18:53:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigerian Stock Exchange for Monday, 16 July 2001. Full text...

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