Economy -
  • Nigeria to save funds from higher oil prices
    05 september 2001 14:22:00
    Abuja- Nigeria (PANA) -- Nigeria says it will save funds accruing from the sale of excess crude oil instead of sharing the money as was the practice in the past. Full text...

  • Ecowas investigates Ghana's allegations
    05 september 2001 11:20:00
    Bamako- Mali (PANA) -- The Executive Secretary of the Economic Community of West African States (ECOWAS) has sent a mission to Sikasso, southern Mali, to investigate neighbouring Ghana's complaint about diseased livestock and drug traffickers intruding on its territory. Full text...

  • German loan for road improvement in Cameroon
    05 september 2001 10:44:00
    Douala- Cameroon (PANA) -- Cameroon and the German agency, KFW (Credit for reconstruction office), have signed two loan agreements amounting to 5. Full text...

  • Sudan opens port for fuel exports
    05 september 2001 10:28:00
    Khartoum- Sudan (PANA) -- Increased petroleum production has prompted the government of Sudan to open a new port for handling fuel exports, Energy and Mining Minister Awad Ahmed Al-Jaz disclosed Wednesday. Full text...

  • Govt surveys impact of fuel prices on economy
    05 september 2001 09:36:00
    Praia- Cape Verde (PANA) -- Assisted by the World Bank, the government of Cape Verde is undertaking a study on the impact of petroleum prices on the country's economy. Full text...

  • Zambian food basket records huge increase
    04 september 2001 23:26:00
    Lusaka- Zambia (PANA) -- The cost of a food basket for a family of six living in Zambia has jumped up from the July position to 348,500 kwacha (96 US dollars) as at the end of August. Full text...

  • Influential Ghanaian woman charged with corruption
    04 september 2001 21:50:00
    Accra- Ghana (PANA) -- A Ghanaian woman leader Sherry Aryittey, who was close to the last government, appeared before an Accra Circuit Tribunal Tuesday on bribery charges. Full text...

  • UN official says policy-deficiency is an economic drawback
    04 september 2001 20:48:00
    Accra- Ghana (PANA) -- The Resident Representative of the UN Development Programme (UNDP) in Ghana, Alfred Sallia Fawundu, said Tuesday that the lack of innovative policies and technological know-how could hinder efforts by developing countries to become competitive in the global economy. Full text...

  • Kenyan farmers now to receive Stabex funds
    04 september 2001 20:44:00
    Nairobi- Kenya (PANA) -- The Co-operative Bank of Kenya Tuesday confirmed that the 500 million shillings (6. Full text...

  • Police alert public over circulation of fake cedi
    04 september 2001 20:22:00
    Accra- Ghana (PANA) -- Ghanaian police Tuesday alerted the public over the circulation of fake 5,000 cedi notes in the country. Full text...

  • Central Bank springs to action as currency is threatened
    04 september 2001 20:10:00
    Lusaka- Zambia (PANA) -- The Bank of Zambia returned to the foreign exchange auction floor Tuesday with the hope of stiffening the local unit now battered by weeks of persistent pressure from importers. Full text...

  • NSE equities daily trading
    04 september 2001 20:06:00
    Lagos- Nigeria (PANA) -- A total of 7. Full text...

  • Senior managers step aside as talks continue with strikers
    04 september 2001 19:46:00
    Blantyre- Malawi (PANA) -- Malawi's rail workers have won the first round of their battle with the temporary removal of the mainly expatriate management at the country's recently privatised rail company. Full text...

  • Abidjan to host Euro-African exhibition
    04 september 2001 15:01:00
    Abidjan- Cote d'Ivoire (PANA) -- At least 450 African and European exhibitors are expected to participate in a trade fair to be held in Abidjan from 28 November to 9 December. Full text...

  • Bamako-Dakar railway traffic resumes
    04 september 2001 13:29:00
    Bamako- Mali (PANA) -- Railway traffic between Bamako in Mali and Dakar in Senegal resumed last Friday after repairs Were completed on the Bagouko bridge, about 60-km from Kayes, it was revealed in the Malian capital on Monday. Full text...

  • China donates 5,100 tonnes of wheat to Morocco
    04 september 2001 13:00:00
    Rabat- Morocco (PANA) -- China has donated 5,100 tonnes of wheat to Morocco which has been reeling under drought for three years, the public television channel TVM has announced. Full text...

  • Kenya worried over decline in coffee earnings
    04 september 2001 11:17:00
    Nairobi- Kenya (PANA) -- Authorities in Kenya say earnings from the coffee crop have continued to decline at an alarming rate. Full text...

  • DSE to open doors to foreign investors
    04 september 2001 10:29:00
    Dar es Salaam- Tanzania (PANA) -- Tanzania is preparing guidelines for foreign investors to start trading on the Dar es Salaam Stock Exchange (DSE) by next year, the chief of the country's securities market announced Tuesday. Full text...

  • Indo-Zambia Bank Doubles Profit
    04 september 2001 09:47:00
    Lusaka- Zambia (PANA) -- Indo-Zambia Bank, a commercial bank jointly owned by the governments of India and Zambia, has more than doubled its profit from four billion kwacha in 2000 to slightly over 10 billion kwacha this year. Full text...

  • ADF approves 48.65 million dollars for Tanzania's road project
    04 september 2001 09:10:00
    Dakar- Senegal (PANA) -- The African Development Fund (ADF) has approved a loan of 38. Full text...

  • Algeria increases its holding in the ADB capital
    03 september 2001 23:50:00
    Algiers- Algeria (PANA) -- Algeria has decided to increase its holding in the African Development Bank capital (ADB), reliable sources from Algiers said. Full text...

  • Strike at Cahora Bassa postponed
    03 september 2001 23:34:00
    Maputo- Mozambique (PANA) -- Workers at the Cahora Bassa dam in the western Mozambican province of Tete have postponed a strike which was initially scheduled to start Monday morning. Full text...

  • Comoros peace: World Bank grant at stake
    03 september 2001 22:45:00
    Moroni- Comoros (PANA) -- The authorities in Comoros anxiously await the report of a fact-finding mission that would determine the country's chances at landing a 6. Full text...

  • Mauritius tackling poverty
    03 september 2001 22:26:00
    Port Louis- Mauritius (PANA) -- The Mauritian Trust Fund for Social Integration of vulnerable groups Monday unveiled an action plan to combat poverty in the country. Full text...

  • Tanzania to found local reinsurance firm
    03 september 2001 22:15:00
    Dar es Salaam- Tanzania (PANA) -- The government is racing towards establishing a national reinsurance company to promote optimum premium retention in Tanzania, Commissioner of Insurance Israel Kamuzora said Monday. Full text...

  • Kenya Airways records increase in passengers
    03 september 2001 22:05:00
    Nairobi- Kenya (PANA) -- Kenya Airways (KA) recorded an overall positive growth rate in its operations for the month of July due to buoyancy in its traffic. Full text...

  • Nigerian Stock Exchange defies poor economy
    03 september 2001 22:05:00
    Lagos- Nigeria (PANA) -- The Nigerian Stock Exchange (NSE), operating from the nation's commercial capital of Lagos, is maintaining a progressive growth despite the downward trend in national and global economy. Full text...

  • Sweden props Tanzania's poverty reduction efforts
    03 september 2001 22:04:00
    Dar es Salaam- Tanzania (PANA) -- Sweden Monday approved the disbursement of 13. Full text...

  • "Khalifa" airline to extend flights to the Sahel
    03 september 2001 21:24:00
    Algiers- Algeria (PANA) -- Company officials have hinted that the private airline, "Khalifa Airways", would extend its international flights to African countries of the Sahel. Full text...

  • Sweden props up Tanzania's poverty reduction efforts
    03 september 2001 21:01:00
    Dar es Salaam- Tanzania (PANA) -- Sweden has approved the disbursement of 13. Full text...

  • NSE weekly summary
    03 september 2001 20:14:00
    Lagos- Nigeria (PANA) -- The Nigerian Stock Exchange (NSE) was in a bearish trend in both volume and value of transactions last week as a total of 100. Full text...

  • African taxmen wind up debate on e-commerce taxation
    03 september 2001 19:53:00
    Lusaka- Zambia (PANA) -- Experts from East and Southern Africa have just wound up deliberations on a variety of issues affecting their work, including the impact of electronic commerce on taxation. Full text...

  • SADC Ministers meet in Mauritius on WTO agreements
    03 september 2001 19:25:00
    Port Louis- Mauritius (PANA) -- Finance, Trade, Industry and Agriculture Ministers of the Southern African Development Community (SADC), meet Tuesday in the Mauritian capital of Port Louis to discuss a common position ahead of the November World Trade Organisation meeting in Doha, Qatar. Full text...

  • NSE equities daily trading
    03 september 2001 19:10:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigerian Stock Exchange for Monday, 3 September, 2001. Full text...

  • Zimbabwe signs new oil deal with Libya
    03 september 2001 16:26:00
    Harare- Zimbabwe (PANA) -- Zimbabwe and Libya Monday signed a new 90 million US dollar oil deal, Zimbabwean state radio reported, quoting officials accompanying President Robert Mugabe on a visit to Tripoli. Full text...

  • Libya to build oil refinery in Benin
    03 september 2001 13:04:00
    Tripoli- Libya (PANA) -- Libya intends to build an oil refinery in Benin as part of its plan to extend investments in Africa, Libyan leader Colonel Mouammar Kadhafi announced at the weekend. Full text...

  • Zambia, Tanzania to privatise joint railway
    03 september 2001 11:17:00
    Lusaka- Zambia (PANA) -- The 1,860 kilometres railway linking Zambia to Dar es Salaam port in Tanzania would be privatised in a bid to turn it into a competitive venture, official sources here have disclosed. Full text...

  • Kadhafi on equitable distribution of Libyan wealth
    02 september 2001 18:50:00
    Tripoli- Libya (PANA) -- Libyan leader Col. Full text...

  • Zambia joins Nacala development corridor
    01 september 2001 19:52:00
    Nacala- Mozambique (PANA -- Zambia has been formally granted membership of the "Nacala Development Corridor", thus winning the right to take part in all meetings to discuss the projects to be carried out after the international investors conference on the corridor. ) Full text...

  • ECOWAS, FAO collaborate on food security
    01 september 2001 16:39:00
    Lagos- Nigeria (PANA) -- The Food and Agriculture Organisation has renewed its commitment to assist member states of ECOWAS in attaining sustainable food security and improving agriculture and rural development programmes. Full text...

  • Ivorian SMEs in e-commerce
    01 september 2001 10:49:00
    Abidjan- Cote d'Ivoire (PANA) -- There are officially 3,000 small and medium-sized enterprises (SMEs) in Cote d'Ivoire, 10 percent of which practice e-commerce using Internet tools, says the country's Export Promotion Agency (APEX-CI). Full text...

  • Kenya plans to boost its electric power supply
    01 september 2001 09:50:00
    Nairobi- Kenya (PANA) -- In a bid to ensure constant power supply, Kenya has commissioned a consultancy firm to work out logistics of linking its grid to the power networks of Tanzania and South Africa. Full text...

  • Moroccans remit over 1 billion dollars
    31 august 2001 21:33:00
    Rabat- Morocco (PANA) -- Foreign-based Moroccans remitted home 1. Full text...

  • South African firm bids for Rwanda's tin plant
    31 august 2001 20:48:00
    Kigali- Rwanda (PANA) -- South Africa's Orion Mining and Exploration consortium plans to invest over 1. Full text...

  • NSE equities daily trading
    31 august 2001 20:14:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigerian Stock Exchange for Friday, 31 August, 2001. Full text...

  • Livestock resources are far from ensuring food security
    31 august 2001 16:38:00
    Addis Ababa- Ethiopia (PANA) -- The director general of the Ethiopian Agriculture Research Organisation (EARO), Seifu Ketema, said Friday that although Ethiopia was first in Africa and 10th in the world in terms of livestock resources, the sector's contribution to ensuring food security was limited. Full text...

  • Zambian govt defends position over misuse of HIPC resources
    31 august 2001 15:26:00
    Lusaka- Zambia (PANA) -- The Zambian government has defended itself against accusations from the World Bank and other critics that it was misusing resources freed from the debt service burden on unbudgeted items. Full text...

  • Joint IMF/World Bank delegation due in Yaounde
    31 august 2001 14:53:00
    Yaounde- Cameroon (PANA) -- A joint IMF/World Bank delegation is expected in Yaounde 15 September for talks with Cameroonian officials, according to sources at the Finance and Economy Ministry. Full text...

  • Copper, gold deposits exchange hands
    31 august 2001 14:14:00
    Lusaka- Zambia (PANA) -- A Zambian copper deposit estimated at more than 267 million tonnes and located in the north-western corner of the country has changed hands from Phelps Dodge Corporation of the US to First Quantum Minerals Limited of Canada. Full text...

  • World Bank withholds Zambia's balance of payment
    31 august 2001 12:49:00
    Lusaka- Zambia (PANA) -- The World Bank has withheld Zambia's second instalment of the Balance of Payment (BOP) support amounting to 45 million US dollars pending the government's fulfilment of earlier commitments. Full text...

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