Economy -
  • Sudan's once buoyant railway company goes moribund
    16 june 2001 18:27:00
    Khartoum- Sudan (PANA) -- Once the pride of the country's transport industry, Sudan Railways (SR) is feared on the brink of collapse. Full text...

  • Morocco records drop in sea food exports
    16 june 2001 17:48:00
    Rabat- Morocco (PANA) -- Moroccan seafood exports fetched 232 million dollars during the period January-April 2001, down from 338 million during the same period last year, hence a 31 percent decline. Full text...

  • Egyptian industrialists visit Sudan
    16 june 2001 17:32:00
    Khartoum- Sudan (PANA) -- A high-level Egyptian delegation including a number of the directors of industrial and commercial holding companies, is in Khartoum at the invitation of Sudanese minister of Industry and Investment Jalal Yousif Al-Degair. Full text...

  • Glimmer of hope for Burkinabe industries
    16 june 2001 17:20:00
    Ouagadougou- Burkina Faso (PANA) -- In what looked early fall-outs from a forum organised to market investment opportunities in Burkina Faso, sources Friday spoke of planned joint ventures between Burkinabe companies and private as well public foreign partners. Full text...

  • Cote d'Ivoire gets 14.3 billion cfa for rural power supply
    16 june 2001 10:46:00
    Abidjan- Cote d'Ivoire (PANA) -- Some 250,000 people in 100 villages of Cote d'Ivoire will have electricity in the next 18 months through a state initiative called "Clemessy Project," named after the French company in charge of implementing it. Full text...

  • Cote d'Ivoire gets 14.3 billion cfa for rural power supply
    16 june 2001 10:46:00
    Abidjan- Cote d'Ivoire (PANA) -- Some 250,000 people in 100 villages of Cote d'Ivoire will have electricity in the next 18 months through a state initiative called "Clemessy Project," named after the French company in charge of implementing it. Full text...

  • Mozambique increases fuel prices
    15 june 2001 23:06:00
    Maputo- Mozambique (PANA) -- The continued depreciation of the Mozambican currency, the metical, against the US dollar, has forced a further rise in the prices of imported liquid fuel in Mozambique. Full text...

  • Ivorian authorities to build 3rd bridge in Abidjan
    15 june 2001 22:35:00
    Abidjan- Cote d'Ivoire (PANA) -- Construction work on a third bridge in Abidjan, stopped shortly before the military coup of December 1999, would resume next year, official sources say. Full text...

  • Cigarettes prices go up in Mauritius
    15 june 2001 22:05:00
    Port Louis- Mauritius (PANA) -- The price of cigarettes has risen in Mauritius following a government decision to restructure taxes on such products. Full text...

  • Botswana motor plant to be re-auctioned
    15 june 2001 22:04:00
    Gaborone- Botswana (PANA) -- State-of-the-art Hyundai motor vehicle assembly plant in Gaborone will be re-auctioned in September after initial buyers failed to pay the original bid. Full text...

  • Mali to grant private operator licence
    15 june 2001 21:47:00
    Bamako- Mali (PANA) -- The Malian government has indicated it plans to make a call to tender for a private telecommunication operator's licence. Full text...

  • Cape Verde moves to boost tourism
    15 june 2001 21:34:00
    Praia- Cape Verde (PANA) -- Identified as a priority in its 4th National Development Plan running 1997-2001, the government of Cape Verde is seeking to transform the former Portuguese colony into a tourist attraction. Full text...

  • Japanese debt relief to Botswana hits 99 million pula
    15 june 2001 21:32:00
    Gaborone- Botswana (PANA) -- The total debt relief granted to Botswana by the Japanese government has reached 99. Full text...

  • Ministers warns that Mali risks recession
    15 june 2001 20:35:00
    Bamako- Mali (PANA) -- Mali may experience an economic recession this year, according to Economy and Finance Minister Bakari Kone. Full text...

  • GSE still bearish
    15 june 2001 19:58:00
    Accra- Ghana (PANA) -- The All-Share Index of the Ghana Stock Exchange (GSE) appreciated 2. Full text...

  • Sugar cane harvest starts in Mauritius
    15 june 2001 16:21:00
    Port Louis- Mauritius (PANA) -- Sugar cane harvesting started Thursday in the Saint Felix sugar plantation, south of Mauritius, where the first crop was delivered to the factory early Friday. Full text...

  • Wade denounces mismanagement at Air Afrique
    15 june 2001 15:53:00
    Dakar- Senegal (PANA) -- Senegalese President Abdoulaye Wade has accused the former boss of Air Afrique, Frenchman Yves- Rolland Billecart of mismanaging the eleven-nation-owned company. Full text...

  • Nigeria's power monopoly fires directors
    15 june 2001 15:51:00
    Lagos- Nigeria (PANA) -- Nigeria's state-owned power monopoly, NEPA, has fired five executive directors in an effort to enhance its performance. Full text...

  • Kwacha Takes A Further Tumble
    15 june 2001 14:11:00
    Lusaka- Zambia (PANA) -- Zambia's central bank has raised the statutory reserve ratio by 2. Full text...

  • Boost to economy after interest rate cut
    15 june 2001 10:31:00
    Cape Town- South Africa (PANA) -- In a major boost for the South African economy, all leading banks on Thursday night announced they would reduce some of their lending rates after the South African Reserve Bank's (SARB) said it would drop the repo rate by 1 percent effective Friday. Full text...

  • Commission recommends 167 products for duty exemption
    15 june 2001 10:23:00
    Lagos- Nigeria (PANA) -- An ECOWAS Commission has recommended 167 new products to be exempted from custom duties within the 15 member countries under the sub- regional grouping's Trade Liberalisation Scheme. Full text...

  • Budget has taxation measures to fight poverty
    14 june 2001 23:51:00
    Dar es Salaam- Tanzania (PANA) -- The Tanzanian government has proposed to effect a series of measures aimed encouraging taxation compliance and leapfrogging economic growth from 5. Full text...

  • Kenyan budget spells out measures to achieve growth
    14 june 2001 23:25:00
    Nairobi- Kenya (PANA) -- Kenyan Finance Minister Chris Okemo, Thursday presented an ambitious budget in which he spelt out various measures - including reduced tax on condoms - that would help the country achieve a projected two percent growth. Full text...

  • South African banks cut interest rates
    14 june 2001 22:52:00
    Johannesburg- South Africa (PANA) -- South African Reserve Bank governor Tito Mboweni Thursday slashed the repo-rate - the rate at which the Bank lends money to commercial banks - by one percent, and within hours of the announcement major banks nipped theirs by . Full text...

  • African Bank deal improves access to credit
    14 june 2001 22:38:00
    Cape Town- South Africa (PANA) -- Edgars Consolidated Stores (Edcon) and African Bank Thursday announced an alliance that would see African Bank products sold in 200 branches of Edgars, Sales House and Jet. Full text...

  • Wade to set up bank to fight poverty
    14 june 2001 22:33:00
    Dakar- Senegal (PANA) -- Senegalese President Abdoulaye Wade Thursday advocated the creation of a "solidarity bank" along the Tunisian model, to help fight poverty in his country. Full text...

  • Liberia brainstorms on stock exchange creation
    14 june 2001 21:11:00
    Monrovia- Liberia (PANA) -- Liberia's National Investment Commission (NIC) Thursday announced plans to establish a stock exchange here within 90 to 180 days following consultations with key economic players in the country. Full text...

  • Sudan, Ethiopia seal oil deal
    14 june 2001 21:10:00
    Khartoum- Sudan (PANA) -- Ethiopia on Thursday signed an agreement for the purchase of petroleum products from Sudan. Full text...

  • EU grants a million euro in food aid to Chad
    14 june 2001 21:04:00
    Brussels- Belgium (PANA) -- The European Union (EU) has granted a million euro food aid (1 euro = 0. Full text...

  • Sugar Industry to cut jobs
    14 june 2001 20:58:00
    Port Louis- Mauritius (PANA) -- Mauritian Agriculture, Food Technology and Natural Resources Minister, Pravind Jugnauth said the country's Sugar industry is to shed an undisclosed number of jobs under a restructuring programme. Full text...

  • New banknotes for South Africa
    14 june 2001 20:38:00
    Cape Town- South Africa (PANA) -- The South African Reserve Bank (SARB) is designing a new series of banknotes which will be launched in approximately two years. Full text...

  • Public Workers' Strike Enters Fourth Week
    14 june 2001 17:50:00
    Lusaka- Zambia (PANA) -- Social services in Zambia have almost come to a halt as the strike by public service workers demanding better wages and working conditions entered its fourth week Thursday. Full text...

  • Bank intervenes to salvage ailing Kwacha
    14 june 2001 17:12:00
    Lusaka- Zambia (PANA) -- Bank of Zambia has raised the statutory reserve ratios on both the Kwacha and foreign currency deposit liabilities from 10 percent to 12. Full text...

  • Compact African recovery plan focuses on partnership
    14 june 2001 16:31:00
    Dakar- Senegal (PANA) -- As the marketplace for ideas on African development strategies expands, a common denominator - partnership - sticks out in most of the plans so far exposed. Full text...

  • Commission Recommends 167 Products For Duty Exemption
    14 june 2001 15:50:00
    Lagos- Nigeria (PANA) -- An ECOWAS Commission has recommended 167 new products to benefit from the organisation's Trade Liberalisation Scheme, exempting designated products from customs duty within Member States. Full text...

  • OMEGA plan conference winds up
    14 june 2001 15:43:00
    Dakar- Senegal (PANA) -- A three-day international conference on the "OMEGA Plan" ended in Dakar Wednesday by expressing optimism that it would serve as "the engine of single initiative to reverse Africa's backwardness compared with developed countries. Full text...

  • All share index rises with share price increase
    14 june 2001 08:56:00
    Lusaka- Zambia (PANA) -- Equity on the Lusaka Stock Exchange Wednesday closed 2. Full text...

  • Mozambican, Tanzanian customs sign agreement
    13 june 2001 23:23:00
    Maputo- Mozambique (PANA) -- Mozambique and Tanzania have signed a memorandum of understanding under which customs services in the two countries would cooperate in fighting smuggling and tax evasion. Full text...

  • Leading South African bank strikes big deal with IBM
    13 june 2001 22:05:00
    Cape Town- South Africa (PANA) -- South African Bank, Absa, Tuesday signed an agreement with IBM valued at approximately 20 million US dollars over five years, that would make IBM the sole supplier of technology for Absa's desktop environment. Full text...

  • Compact: A technical rudder for MAP and OMEGA
    13 june 2001 20:27:00
    Dakar- Senegal (PANA) -- Bidding for a common development plan for Africa, Finance ministers meeting last month in Algiers, advocated a merger of the "Omega" plan proposed by Senegalese President Abdoulaye Wade and the African Recovery Plan (MAP) conceived by Presidents Thabo Mbeki of South Africa, Olusegun Obasanjo of Nigeria and Abdelaziz Bouteflika of Algeria. Full text...

  • Pretoria spearheads Millennium African Recovery Programme (MAP)
    13 june 2001 19:58:00
    Cape Town- South Africa (PANA) -- South Africa's Information and Communication Technologies (ICT) Forum has been working on the Millennium African Recovery Programme (MAP) that would be presented to the Organisation of African Unity summit in July. Full text...

  • DR Congo exports 1.3 million carats of diamond in April
    13 june 2001 17:03:00
    Kinshasa- DR Congo (PANA) -- Regular exports of diamonds mined by industrial and traditional methods from DR Congo last April amounted to 1,365,547 carats which gained a total 24 million US dollars, the ministry of mines said. Full text...

  • Consumer prices in Niger up 0.4 percent in May
    13 june 2001 15:41:00
    Niamey- Niger (PANA) -- Harmonised consumer price index in Niger rose by 0. Full text...

  • 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...

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