Economy -
  • Boosting Namibia-US trade relations
    18 september 2001 22:51:00
    Windhoek- Namibia (PANA) -- Three years ago in 1998, American Pop star, Michael Jackson, and his business partner, Barden International Chairman, Don Barden, received a red carpet treatment during their investment fact-gathering tour of Namibia. Full text...

  • Tanzania calls for regional efforts in spurring FDI
    18 september 2001 22:02:00
    Dar es Salaam- Tanzania (PANA) -- Investment promotion officials in Tanzania have expressed concern about the decline in foreign direct investment (FDI) into Africa which fell below one percent in 2000 when compared to global figures. Full text...

  • Tanzania urges regional efforts to woo foreign investment
    18 september 2001 22:01:00
    Dar es Salaam- Tanzania (PANA) -- Investment promotion officials in Tanzania have expressed concern over the decline in Foreign Direct Investment (FDI) inflows into Africa. Full text...

  • Political party faults government's land reforms
    18 september 2001 21:37:00
    Windhoek- Namibia (PANA) -- Namibian political party, Monitor Action Group (MAG), has described as insufficient, the 20 million Namibian dollars set aside annually by government to purchase commercial farms to resettle the landless in the country. Full text...

  • Kenya to participate in South African trade show
    18 september 2001 21:18:00
    Nairobi- Kenya (PANA) -- The business community in Kenya will for the third time participate in a major annual international trade promotion event that takes place in South Africa from 25 to 29 September. Full text...

  • Desperate Malawians scramble for maize bran
    18 september 2001 20:53:00
    Blantyre- Malawi (PANA) -- There was shoving and pushing in Blantyre's main business district of Limbe Tuesday as desperate hungry people scrambled for maize bran that a milling company was selling to them. Full text...

  • Report laments impact of debt on sub Saharan economies
    18 september 2001 20:40:00
    Dakar- Senegal (PANA) -- The Arab Bank for Development in Africa (BADEA) has, in its annual report, acknowledged that external debt continues to weigh heavily on the economies of sub- Saharan countries. Full text...

  • African airlines seek more co-operation
    18 september 2001 19:49:00
    Nairobi- Kenya (PANA) -- African airlines concluded a two-day high level meeting in Nairobi Tuesday with calls for the setting up of a monitoring body that would help them improve the poor state of intra-African air transport services. Full text...

  • NSE equities daily trading
    18 september 2001 19:28:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigerian Stock Exchange for Tuesday, 18 September, 2001. Full text...

  • Trading buoys up at BRVM stock market
    18 september 2001 15:48:00
    Abidjan- Cote d'Ivoire (PANA) -- The Abidjan-based Regional Securities Stock Market (BRVM) closed its 111th trading session of the year Monday on an upward trend compared to the preceding session. Full text...

  • Cash-strapped Zambia trims poverty reduction plan
    18 september 2001 15:31:00
    Lusaka- Zambia (PANA) -- Due to limited resources, the Zambian government has been forced to trim its poverty reduction plan to suit prevailing circumstances. Full text...

  • Zambia tames inflation, faces food shortage
    18 september 2001 13:56:00
    Lusaka- Zambia (PANA) -- Zambia's annual inflation rate which flared at 27 percent last year has dropped to 16. Full text...

  • Zambia requests for IMF waiver to get vital funds
    18 september 2001 13:36:00
    Lusaka- Zambia (PANA) -- Zambia, which has failed to meet a structural benchmark set by the International Monetary Fund, has requested for a waiver to enable it access funds from the growth and poverty reduction facility before the end of this year. Full text...

  • Kenyan university lecturers get hefty allowances
    18 september 2001 12:08:00
    Nairobi- Kenya (PANA) -- Lecturers in Kenya's five public universities have been granted increases in housing allowances of between 200 and 500 percent by the government. Full text...

  • US tourists cancel trips to Tanzania
    18 september 2001 11:56:00
    Dar es Salaam- Tanzania (PANA) -- A big number of American tourists have reportedly cancelled their bookings in Tanzania following last week's terrorist attacks in New York and Washington. Full text...

  • Africa's share of foreign direct investment falls
    18 september 2001 11:32:00
    Nairobi- Kenya (PANA) -- Foreign Direct Investment (FDI) into Africa, fell from 10. Full text...

  • World Bank Cancels Annual Meeting
    18 september 2001 09:50:00
    Nairobi- Kenya (PANA) -- Following last Tuesday's terrorist attacks in the US, the World Bank Group and International Monetary Fund have cancelled the annual meetings scheduled to take place 29-30 September in Washington D. Full text...

  • France pledges support to Central African Republic
    17 september 2001 22:55:00
    Paris- France (PANA) -- France Monday pledged to assist the Central African Republic (CAR) tackle its financial crisis exacerbated by the 28 May failed military coup attempt. Full text...

  • SADC, USAID sign financing agreements
    17 september 2001 22:44:00
    Gaborone- Botswana (PANA) -- The Southern African Development Community (SADC) and the US Agency for International Development (USAID) Monday signed three grant agreements worth 1,754,000 US dollars to finance disaster relief efforts, market integration and NGOs in the SADC region. Full text...

  • Sub-regional fisheries commission meets
    17 september 2001 22:40:00
    Nouakchott- Mauritania (PANA) -- The 13th session of the coordination committee of the West African sub-regional fisheries commission kicked off in Nouakchott Monday. Full text...

  • Kenya Airways in maiden flight to Accra
    17 september 2001 21:21:00
    Accra- Ghana (PANA) -- Kenya Airways Monday operated its maiden flight to the Kotoka International Airport in Accra as part of its route expansion programme. Full text...

  • COMESA concerned about impact of New York terror attack
    17 september 2001 21:18:00
    Lusaka- Zambia (PANA) -- The Common Market for Eastern and Southern Africa (COMESA) has expressed worry about the potential havoc last Tuesday's terrorist attacks on the World Trade Centre could wreak on the world economy. Full text...

  • NSE equities daily trading
    17 september 2001 20:59:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigerian Stock Exchange for Monday, 17 September 2001. Full text...

  • Nujoma says commercial farmers to pay land tax
    17 september 2001 19:56:00
    Windhoek- Namibia (PANA) -- Namibia's commercial farmers will soon have to pay land tax for their holdings, President Sam Nujoma said Monday. Full text...

  • Accra Bourse Index dips
    17 september 2001 18:24:00
    Accra- Ghana (PANA) -- The Ghana Stock Exchange (GSE) All-share Index, the key stock gauge, dipped 0. Full text...

  • Govt Proposes Supplementary Budget For Grain
    17 september 2001 17:29:00
    Harare- Zimbabwe (PANA) -- Zimbabwe government is mulling plans for an 18 billion Zimbabwe dollars (1USD=Zim dollar 55) supplementary budget to finance grain imports to avert food shortages, officials said Monday. Full text...

  • Nigeria fires Ports Authority boss
    16 september 2001 18:14:00
    Lagos- Nigeria (PANA) -- The federal government has removed the Managing Director of the Nigerian Ports Authority, Bello Ibrahim Gwandu, according to a statement by the Transport Ministry. Full text...

  • Troubled Air Afrique gets new DG
    16 september 2001 16:27:00
    Abidjan- Côte d'Ivoire (PANA) -- Marcel Mensah Kodjo of Togo, was Sunday appointed Director-General of the troubled multinational airline Air Afrique, Company sources said in the Ivorian capital, Abidjan. Full text...

  • African bank gives loan to Zimbabwe
    16 september 2001 14:14:00
    Harare- Zimbabwe (PANA) -- Egypt-based Africa Export-Import Bank Sunday granted a Zimbabwean bank a 20 million US dollars short-term loan to finance the country's export sector, the local recipient bank said. Full text...

  • Garbage mounds drive tourists from Mombasa's streets
    16 september 2001 13:44:00
    Nairobi- Kenya (PANA) -- Tour operators in Kenya's Indian Ocean port town of Mombasa have suspended operations in the city's major streets after council workers demanding pay claims piled mounds of garbage along major streets of the town. Full text...

  • Cote d'Ivoire excluded from ADB's debt alleviation
    15 september 2001 18:32:00
    Abidjan- Cote d'Ivoire (PANA) -- The African Development Bank (ADB) has excluded Cote d'Ivoire from the list of countries whose debts will be cancelled this year under the Highly Indebted Poor Countries (HIPC) Initiative, reliable sources said in Abidjan. Full text...

  • US attacks to affect Namibia's economy
    15 september 2001 16:33:00
    Windhoek- Namibia (PANA) -- Namibian economic and policy analysts fear that the recent terrorist attacks in the United States of America could profoundly effect the local economy. Full text...

  • Cote d'Ivoire to get 173 billion FCFA in aid from EU
    15 september 2001 16:15:00
    Abidjan- Cote d'Ivoire (PANA) -- Cote d'Ivoire will obtain 173 billion FCFA (242,507,506 US dollars) in aid under the 9th European Development Fund (ADF) between 2000-2005. Full text...

  • UEMOA president to visit Brussels
    15 september 2001 14:45:00
    Brussels- Belgium (PANA) -- The President of the Commission of the West African Economic and Monetary Union (UEMOA), Moussa Toure, is due in Brussels Monday for a weeklong working visit, sources here said. Full text...

  • NSE All-Share Index Drops By 0.35 Percent
    15 september 2001 13:01:00
    Lagos- Nigeria (PANA) -- The Nigerian Stock Exchange (NSE) All-share Index dropped by 0. Full text...

  • Zimbabwe Woos Cash Of Nationals Abroad
    15 september 2001 11:12:00
    Harare- Zimbabwe (PANA) -- Zimbabwe's state-run privatisation agency said Saturday it planned extensive road shows in Europe, North America and selected African countries to woo the country's nationals working there to invest in enterprises the government intends to privatise. Full text...

  • Mozambique lowers fuel prices, raises electricity costs
    14 september 2001 21:11:00
    Maputo- Mozambique (PANA) -- Mozambican authorities on Friday announced reductions of up to 16. Full text...

  • GSE-All share index makes modest gain
    14 september 2001 20:34:00
    Accra- Ghana (PANA) -- The All share index at Ghana Stock Exchange recovered from a midweek slump to gain a modest 0. Full text...

  • Zanzibar seeks French investment in tourism
    14 september 2001 20:26:00
    Paris- France (PANA) -- A delegation of French businessmen will visit Tanzania in October to study the viability of proposed investments in tourism and production of spices, an official from Zanzibar said here Friday. Full text...

  • Chissano meets US businessmen in Maputo
    14 september 2001 20:13:00
    Maputo- Mozambique (PANA) -- Mozambican President Joaquim Chissano on Thursday received a mission of business people from the United States who expressed their interest in investing in the country, particularly in the Zambezi valley. Full text...

  • Talks between government and workers fail
    14 september 2001 16:42:00
    Bissau- Guinea Bissau (PANA) -- The Guinea Bissau Electricity Company Workers' (EAGB) Union, on strike since Tuesday, decided to continue with the action after its talks with the government failed Thursday. Full text...

  • Looming food shortages as Zimbabwe bans food exports
    14 september 2001 16:27:00
    Harare- Zimbabwe (PANA) -- Zimbabwe Friday banned food exports to neighbouring countries due to looming shortages at home. Full text...

  • Zimbabwe inflation reaches all time high
    14 september 2001 16:11:00
    Harare- Zimbabwe (PANA) -- Year-on-year inflation in Zimbabwe surged to 76. Full text...

  • New York airports shut down again
    14 september 2001 16:01:00
    New York- United States (PANA) -- New York area airports have been shut down again after being reopened for a few hours Thursday in the aftermath of Tuesday's terror attacks in New York and Washington D. Full text...

  • Metorex Posts a 71 percent increase in net incomes
    14 september 2001 15:42:00
    Lusaka- Zambia (PANA) -- One of Zambia's main mining companies, Metorex, has reported a 71 percent increase in net income, from 7. Full text...

  • Government looking into corruption cases
    14 september 2001 13:12:00
    Praia- Cape Verde (PANA) -- Cape Verde Prime Minister, Jose Maria Neves, has announced government's intention to investigate some cases of alleged corruption from the last Movement for Democracy (MFD) administration. Full text...

  • South African power outfit joins gas project in Mozambique
    14 september 2001 09:27:00
    Johannesburg- South Africa (PANA) -- South Africa's national electricity supplier, Eskom, announced late Thursday that it was entering into a gas project in Mozambique. Full text...

  • ADB approves over 8 million US dollars for Agribank
    13 september 2001 21:13:00
    Dakar- Senegal (PANA) -- The African Development Bank (ADB) has approved a loan of approximately 8. Full text...

  • Mozambique Puts SADC Trade Protocol Into Effect
    13 september 2001 19:31:00
    Maputo- Mozambique (PANA) -- Mozambique will start implementing the Southern Africa Development Community trade protocol as from 17 September, Finance Minister Luisa Diogo announced Thursday. Full text...

  • Sudan, Libya sign co-operation agreements
    13 september 2001 18:23:00
    Khartoum- Sudan (PANA) -- The Sudanese-Libyan Ministerial Authority for Integration ended a three-day meeting in Khartoum Thursday with co-operation agreements on trade, education and health. Full text...

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