Economy -
  • IDA loans Ghana 225 million dollars
    23 october 2001 20:12:00
    Accra- Ghana (PANA) -- Ghana and the World Bank on Tuesday signed two International Development Agency (IDA) credit agreements totalling 225. Full text...

  • Tunisia says commercial missions turning to Africa
    23 october 2001 19:32:00
    Tunis- Tunisia (PANA) -- President Zine El Abidine Ben Ali of Tunisian on Tuesday announced that several commercial missions would be prospecting for potential markets in Africa and the Arab world. Full text...

  • Architects rename Africa's development blueprint
    23 october 2001 19:16:00
    Abuja- Nigeria (PANA) -- The Implementation Committee on the New Africa Initiative (NAI) has renamed the blueprint as the New Partnership of African Development (NEPAD). Full text...

  • Traffic slumps at Port Matadi
    23 october 2001 16:40:00
    Kinshasa- DR Congo (PANA) -- Port Matadi in western DR Congo handled 499,972 tonnes of goods during the first half of the year, as against 542,872 tonnes during the same period in 2000, witnessing a drop of 8. Full text...

  • Mozambican government to lease out Beira Railways
    23 october 2001 16:28:00
    Maputo- Mozambique (PANA) -- The Mozambican government has announced plans to launch a tender in November leasing out to private management the entire Beira rail system. Full text...

  • Union backs MOZAL strikers
    23 october 2001 16:18:00
    Maputo- Mozambique (PANA) -- Mozambique's Trade Union Forum grouping the country's two union federations and a number of non- affiliated unions, has thrown its weight behind workers at the MOZAL aluminium smelter, now into the third week of a strike. Full text...

  • CBE, SBI close to sealing deal
    23 october 2001 14:14:00
    Addis Ababa- Ethiopia (PANA) -- Negotiations are about through between the Commercial Bank of Ethiopia (CBE) and the State Bank of India (SBI) on a three-year management agreement. Full text...

  • Tunisair strengthens ties with Thomas Cook
    23 october 2001 13:59:00
    Tunis- Tunisia (PANA) -- National airline Tunisair is seeking to deepen its relationship with tour operator Thomas Cook and extend it to cover European markets. Full text...

  • Sale of shares in Zambian hotel fails to take off
    23 october 2001 13:39:00
    Lusaka- Zambia (PANA) -- The long-awaited sale of Pamodzi Hotel Plc shares to ordinary Zambians has stalled, even as the Zambia Privatisation Agency and management of the hotel try to clarify issues. Full text...

  • Tunisia to float a new bid for GSM licence
    23 october 2001 13:15:00
    Tunis- Tunisia (PANA) -- A new tender for Tunisia's second GSM mobile telephone licence will be launched soon, according to Information Technology Minister Ahmed Friaa. Full text...

  • Official defends anti-corruption probe at Air Mauritius
    23 october 2001 13:03:00
    Port Louis- Mauritius (PANA) -- Mauritian Prime Minister Anerood Jugnauth has defended the ongoing probe at Air Mauritius, rocked by a financial scandal. Full text...

  • Agriculture Bank gets new management
    23 october 2001 12:49:00
    Tunis- Tunisia (PANA) -- The Banque Nationale Agricole (BNA) of Tunisia Tuesday announced a new management committee to oversee the bank's activities. Full text...

  • South African Airways announces major cuts
    23 october 2001 12:36:00
    Cape Town- South Africa (PANA) -- South African Airways has begun a series of cost-cutting measures, including the streamlining of the airline's managers by between 20 to 30 percent, a move expected to affect 200 managers. Full text...

  • Kenya's agricultural sector growth declines
    23 october 2001 12:07:00
    Nairobi- Kenya (PANA) -- Growth in the Kenyan agricultural sector declined from 4. Full text...

  • Manantali Dam gets Technical Committee
    23 october 2001 09:29:00
    Bamako- Mali (PANA) -- A Technical Committee for the electricity interconnection of River Senegal's Manantali Dam has been set up in Bamako, official sources said. Full text...

  • Ethiopia hosts airport-planning workshop
    22 october 2001 21:43:00
    Addis Ababa- Ethiopia (PANA) -- At least 25 experts from 15 eastern and southern African states as well as Egypt are attending a five-day airport planning, design and maintenance workshop, which opened in Addis Ababa Monday. Full text...

  • African forum on private sector opens in Yaounde
    22 october 2001 20:24:00
    Yaounde- Cameroon (PANA) -- The third African forum concentrated on the private sector began on Monday in Yaounde with participants reasserting the key role of that sector in the industrial development of African States It precedes the 15th session of the conference of African industry ministers, scheduled next week, also in Yaounde. Full text...

  • ASECNA receives quality performance award
    22 october 2001 20:00:00
    Paris- France (PANA) -- The Agency for Air Navigation Security in Africa (ASECNA) and its director general have been awarded the "Or Europe Qualité" Trophy for quality services. Full text...

  • World Bank delegation visits Brazzaville
    22 october 2001 19:35:00
    Brazzaville- Congo (PANA) -- World Bank experts are in Brazzaville discussing with the Congolese authorities about the execution of the post-conflict loan aimed, a source at the ministry of finance said Monday. Full text...

  • World Bank experts tour projects in Maradi
    22 october 2001 18:54:00
    Niamey- Niger (PANA) -- A team of World Bank experts is currently in Maradi, Niger's economic capital of Niger, 650 km east of Niamey, to inspect a project for the promotion of agro-pastoral exports. Full text...

  • NSE Equities Daily Trading
    22 october 2001 18:23:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigerian Stock Exchange for Monday 22 Oct. Full text...

  • World Bank VP to visit Guinea Bissau
    22 october 2001 16:59:00
    Dakar- Senegal (PANA) -- World Bank Vice-President for Africa, Callisto Madavo, will visit Guinea Bissau 24-26 October, to promote co-operation between the institution and that country, the Bank said in a statement. Full text...

  • Congolese government gets poverty eradication programme
    22 october 2001 16:18:00
    Brazzaville- Congo (PANA) -- The Congo government has formulated a poverty eradication strategy for examination by an International Monetary Fund (IMF) mission expected in Brazzaville 26 October, according to Finance Ministry officials. Full text...

  • World Bank opens office in Algiers
    22 october 2001 15:56:00
    Algiers- Algeria (PANA) -- World Bank Vice-President for the Middle East and North Africa, Jean-Louis Sarbib, has inaugurated the Bank's office at the Algerian captial, Algiers. Full text...

  • Niger gets 22 million-dollar loan from the ADB
    22 october 2001 14:09:00
    Niamey- Niger (PANA) -- The African Development Bank (ADB) has granted Niger a loan of 16 billion CFA francs (about 22 million US dollars) for the improvement of health facilities and water supply. Full text...

  • CBN denies 25 banks are distressed
    22 october 2001 13:30:00
    Lagos- Nigeria (PANA) -- The Central Bank of Nigeria (CBN) has described as "spurious," reports that 25 banks in the country were distressed. Full text...

  • NNPC moves to avert fuel scarcity
    22 october 2001 13:23:00
    Lagos- Nigeria (PANA) -- Seeking to avert another fuel scarcity in oil-rich Nigeria, state-owned oil company NNPC has appealed to feuding groups at the core of the nation's fuel distribution network to sheath their swords. Full text...

  • South Africa, Egypt meet in Joint Commission
    22 october 2001 12:53:00
    Cape Town- South Africa (PANA) -- Foreign Affairs minister Nkosazana Dlamini Zuma is in Cairo at the head of a South African delegation to the 5th session of the Joint Commission with Egypt, opening Monday. Full text...

  • South Africa set for lead in titanium oxide production
    22 october 2001 09:59:00
    Cape Town- South Africa (PANA) -- In what has been hailed as the biggest Australian investment in South Africa to date, a joint venture has been agreed between Kumba Resources, the mining arm of South Africa's Iscor steel company, and Australia's Ticor. Full text...

  • Over 400 delegates discuss capacity building in Africa
    22 october 2001 09:52:00
    Dakar- Senegal (PANA) -- The first ever forum of the African Capacity Building Foundation (ACBF) opens Monday in Bamako, Mali with some ten Heads of State and more than 400 delegates from 48 African countries expected at the three-day event. Full text...

  • Norway writes off Benin's debt
    22 october 2001 09:33:00
    Cotonou- Benin (PANA) -- Norway has granted Benin a debt write-off to the tune of 1,359,104,328 CFA francs (1,862,705 US dollars). Full text...

  • Shell launches website for motorists in South Africa
    21 october 2001 13:48:00
    Johannesburg- South Africa (PANA) -- Shell South Africa has launched an online service for South African motorist. Full text...

  • Over 400 delegates expected at Bamako capacity building forum
    21 october 2001 13:34:00
    Dakar- Senegal (PANA) -- Over 400 delegates from 48 African countries were due in Bamako, Mali, Sunday for the first Pan African Capacity Building Foundation forum starting Monday. Full text...

  • Ethiopia starts inter-bank currency market
    21 october 2001 12:10:00
    Addis Ababa- Ethiopia (PANA) -- With effect from next week Ethiopia will introduce the inter-bank foreign exchange marketing system and do away with weekly auctions, finance sources here have disclosed. Full text...

  • Khalifa Airways to launch Algiers-Johannesburg service
    20 october 2001 20:38:00
    Algiers- Algeria (PANA) -- Private airliner Khalifa Airways, plans to launch its Algiers-Johannesburg (South Africa) service before the end of the year, Company officials said Saturday. Full text...

  • Ghana, Mali plan joint production of beef products
    20 october 2001 19:35:00
    Accra- Ghana (PANA) -- Ghana and Mali Saturday agreed to discuss the establishment a joint venture for the production of beef products. Full text...

  • SADC, COMESA agree policy harmonisation
    20 october 2001 16:23:00
    Gaborone- Botswana (PANA) -- The second SADC/COMESA Task force meeting ended in Gaborone Friday with both regional economic groupings agreeing to streamline their policies including Customs procedure. Full text...

  • More shares, low value at NSE trading
    20 october 2001 15:23:00
    Lagos- Nigeria (PANA) -- The Nigerian Stock Exchange (NSE) traded more shares with lower value this week, with 123. Full text...

  • Burkina Faso joins African Bank of Development and Trade
    20 october 2001 14:20:00
    Ouagadougou- Burkina Faso (PANA) -- The National Assembly in Burkina Faso has passed a bill authorising the government to ratify a convention establishing the African Bank of Development and Trade (ABDT). Full text...

  • French company trains Niger bakers
    20 october 2001 13:23:00
    Niamey- Niger (PANA) -- The French company, 'Grands Moulins de Paris,' last Wednesday organised a first ever international forum to train Niger bakers with a view to improving the quality of bread in the country. Full text...

  • Mali, Libya and Tunisia to operate common airline
    20 october 2001 13:17:00
    Bamako- Mali (PANA) -- Mali, Libya and Tunisia are contemplating a joint airline venture as early as this year, Tunisia's minister of state for Trade, Mohamed Amor hinted early this week in Bamako. Full text...

  • Government moves to expand Abidjan port
    20 october 2001 10:54:00
    Abidjan- Cote d'Ivoire (PANA) -- Cote d'Ivoire is to invest more than 43 billion francs CFA (about 72 million US dollars) to expand the autonomous port of Abidjan, sources said in Abidjan Friday. Full text...

  • Smuggling threatens Mozambique's sugar industry
    20 october 2001 09:55:00
    Marromeu- Mozambique (PANA) -- President Joaquim Chissano has intimated that the smuggling of sugar produced in neighbouring countries was compromising government efforts to revive the domestic sugar industry. Full text...

  • First Quantum starts open-pit copper mining in DR Congo
    19 october 2001 21:57:00
    Lusaka- Zambia (PANA) -- A Zambia-based mining company, First Quantum Minerals Limited, said Friday it was developing an open-pit mine at the Lonshi copper deposit, in DR Congo. Full text...

  • African Industry ministers to meet in Yaounde
    19 october 2001 21:29:00
    Yaounde- Cameroon (PANA) -- More than 40 countries will take part in the 15th Conference of African Industry Ministers (CAIM), to hold next Monday in Yaounde, sources in the Cameroonian capital announced Friday. Full text...

  • French business delegation ends visit to Tripoli
    19 october 2001 20:37:00
    Tripoli- Libya (PANA) -- A delegation of French businessmen Thursday ended a five-day visit to Tripoli, where it held talks with political authorities and Libyan businessmen. Full text...

  • NSE equities daily trading
    19 october 2001 20:15:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigerian Stock Exchange for Friday 19 Oct. Full text...

  • East African cement producers form association
    19 october 2001 19:48:00
    Dar es Salaam- Tanzania (PANA) -- Cement producing firms in East Africa have formed an association to tackle regional problems troubling the sector. Full text...

  • Accra bourse Index drops
    19 october 2001 19:14:00
    Accra- Ghana (PANA) -- The Ghana Stock Exchange All-share Index dropped by 4. Full text...

  • Niger gets ADF loan to finance health project
    19 october 2001 19:09:00
    Dakar- Senegal (PANA) -- The African Development Fund (ADF) has approved a loan of 15. Full text...

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