Economy -
  • Japan to prop Nigeria's electrification project
    03 august 2001 11:42:00
    Lagos- Nigeria (PANA) -- The Japanese government has pledged about 530 million naira (close to 5 million US dollars) in support of Nigeria's rural electrification project, a statement from the Japanese embassy said. Full text...

  • Deby receives former Senegalese Premier
    02 august 2001 23:48:00
    N'Djamena- Chad (PANA) -- Former Senegalese Prime minister, Mamadou Lamine Loum on Wednesday had an audience with the Chadian President, Idriss Deby, in his capacity as World Bank Adviser and head of the International Consultative Group on the oil exploitation and Chad-Cameroon Oil pipeline project. Full text...

  • World Bank lends 3.4 billion US to Africa in one year
    02 august 2001 22:09:00
    New York- United States (PANA) -- The World Bank announced Thursday that it had lent 3. Full text...

  • Guinea Bissau's International Bank clutches at straws
    02 august 2001 22:09:00
    Bissau- Guinea Bissau (PANA) -- In a desperate bid to salvage itself from bankruptcy, the International Bank of Guinea Bissau (BIGB) has started seizing properties of its defaulting debtors. Full text...

  • Botswana complains to South Africa on seizure of goods
    02 august 2001 21:16:00
    GABORONE- Botswana (PANA) ­ Botswana and South Afr-ica may be headed for a trade row after Durban police seized a consignment alleged to contain counterfeit goods on transit to a retail clothing wholesaler in Gaborone, the Botswana Guardian reported Thursday. Full text...

  • Restructuring of SADC starts in earnest
    02 august 2001 17:58:00
    Gaborone- Botswana (PANA) ­ The restructuring of t-he Southern African Development Community (SADC) started in earnest Thursday with the launch of the first of four centralised directorates in Gaborone, Botswana. Full text...

  • IDA funds Africa Trade Insurance
    02 august 2001 17:18:00
    Paris- France (PANA) -- The World Bank's concessional lending agency, the International Development Association (IDA), has agreed to provide 105 million US dollars as start-up fund to support the newly established Africa Trade Insurance Agency (ATI). Full text...

  • Western oil company in Sudan wary of moves in Washington
    02 august 2001 16:20:00
    Khartoum- Sudan (PANA) -- Talisman Energy Inc. Full text...

  • All Share Index rises marginally at Zambian Stock Exchange
    02 august 2001 15:52:00
    Lusaka- Zambia (PANA) -- The Lusaka Stock Exchange all share index Thursday rose marginally by 0. Full text...

  • Zambian timber merchants fear domination
    02 august 2001 15:20:00
    Lusaka- Zambia (PANA) -- Zambian timber merchants have expressed fears about fellow countries of the Common Market for Eastern and Southern Africa (COMESA) like Egypt and South Africa dominating the sector, under African Union. Full text...

  • Trade body reaches agreement on TRIM
    02 august 2001 14:59:00
    Paris- France (PANA) -- World Trade Organisation (WTO) director general Mike Moore has hailed an agreement reached in Geneva this week to extend the grace period for complying with the WTO agreement on Trade-Related Investment Measures (TRIM) for eight developing countries. Full text...

  • Sugarcane growers, manufacturers protest imports
    02 august 2001 14:48:00
    Nairobi- Kenya (PANA) -- Kenyan sugarcane growers are up in arms against the flooding of the domestic market with imported sugar. Full text...

  • South African gold miners call off strike threat
    02 august 2001 08:22:00
    Johannesburg- South Africa (PANA) -- A looming national gold miners strike appears to be off, according to officials of the South African Chamber of Mines. Full text...

  • Kenya bans dumping to protect domestic industries
    01 august 2001 22:27:00
    Nairobi- Kenya (PANA) -- Kenya has amended its Customs and Excise Act to protect its industries against highly subsidised imports and dumping. Full text...

  • Mozambican exports to Europe reach record high
    01 august 2001 19:39:00
    Maputo- Mozambique (PANA) -- Mozambican exports to the European Union in 2000 increased by more than 52. Full text...

  • Kenya telephone users reject hiked tariffs
    01 august 2001 19:37:00
    Nairobi- Kenya (PANA) -- A lobby group of telephone users in Kenya has threatened to take court action in order to block the country's telephone monopoly from increasing tariffs on local calls. Full text...

  • Kwacha gain sidelines foreign currency speculators
    01 august 2001 19:32:00
    Lusaka- Zambia (PANA) -- The firm rally of the kwacha against the greenback was forcing speculators and opportunistic buyers of hard currency on the Zambian foreign exchange market to remain on the sidelines. Full text...

  • Petromoc signs partnership deal with Sasol
    01 august 2001 19:17:00
    Maputo- Mozambique (PANA) -- Mozambican publicly-owned petrol company "Petromoc" and South Africa's Sasol Oil on Tuesday signed an agreement for the establishment of a joint-company geared for the marketing of fuel. Full text...

  • South African Airways recruits Argentinean pilots
    01 august 2001 19:09:00
    Cape Town- South Africa (PANA) -- South African Airways has recruited 24 Argentinean pilots on a temporary contract to relieve its crew who are undergoing an intensive "conversion" training to fly Boeing 737-800 planes. Full text...

  • Turnover declines at Nairobi Bourse
    01 august 2001 17:51:00
    Nairobi- Kenya (PANA) -- Turnover at the Nairobi Stock Exchange (NSE) declined to 3. Full text...

  • Air Mali gets a DC-9
    01 august 2001 17:35:00
    Bamako- Mali (PANA) -- Air Mali said Wednesday it has acquired a 103-seater DC-9 aircraft, under a co-operation agreement with Belgian Company NAS-Air. Full text...

  • Suspension of privatisation worries Malawi Stock Exchange
    01 august 2001 15:56:00
    Blantyre- Malawi (PANA) -- Economists in Malawi have taken the government of President Bakili Muluzi to task over the unexplained suspension of the country's four-year privatisation programme, which they fear could adversely affect the Malawi Stock Exchange. Full text...

  • World Bank loans for Nigeria, the two Congos
    01 august 2001 15:27:00
    New York- US (PANA) -- The World Bank has approved a credit for power sector reform in Nigeria and three other credits for post-war rehabilitation activities in the entral African nations of Congo Republic and the DR Congo. Full text...

  • Canadian firm intensifies diamond prospecting in Zambia
    01 august 2001 14:52:00
    Lusaka- Zambia (PANA) -- Caledonia Mining Corporation, the Canadian mining Company, prospecting for diamonds in Western Zambia, is to start drilling for gems in mid-September, according to sources at the Zambian Mines and Minerals Development Ministry. Full text...

  • Interest rates drop in Zimbabwe
    01 august 2001 13:16:00
    Harare- Zimbabwe (PANA) -- Zimbabwean banks reduced interest rates Wednesday by between six and nine percent due to excess liquidity on the market. Full text...

  • Rwanda gets IMF commendation
    01 august 2001 11:44:00
    Kigali- Rwanda (PANA) -- IMF deputy director for Africa Jose Fajgenbuam has hailed Rwanda's economic performance, Kigali State House sources affirmed Wednesday. Full text...

  • World Bank reaches out to the two Congos
    01 august 2001 11:22:00
    Dakar- Senegal (PANA) -- The World Bank has approved three projects and discussed a support strategy for the Republic of Congo (Brazzaville) and the Democratic Republic of Congo (Kinshasa). Full text...

  • World Bank supports power sector reform in Nigeria
    01 august 2001 10:32:00
    Dakar- Senegal (PANA) -- The World Bank today approved a 100 million US dollar credit to support Nigeria's reform and privatisation programme for the power sector. Full text...

  • Tantalum exploration deal goes controversial
    01 august 2001 09:23:00
    Addis Ababa- Ethiopia (PANA) -- An investment group in Ethiopia is at odds with the country's privatisation agency over a default in a concession agreement for the exploration of tantalum. Full text...

  • Tantalum exploration deal goes controversial
    01 august 2001 09:22:00
    Addis Ababa- Ethiopia (PANA) -- An investment group in Ethiopia is at odds with the country's privatisation agency over a default in a concession agreement for the exploration of tantalum. Full text...

  • South Africans get big fuel price cut
    01 august 2001 08:54:00
    Johannesburg- South Africa (PANA) -- South Africans woke up Wednesday to a bigger fuel price cut than anticipated, after government adjusted the price at midnight. Full text...

  • Premier says trade imbalance affects local industries
    31 july 2001 23:39:00
    Port Louis- Mauritius (PANA) -- Mauritian Prime minister Sir Anerood Jugnauth Tuesday warned that the massive surge of imports from Egypt due partly to the complete removal of customs tariffs in Mauritius for products originating from COMESA countries adversely affected Mauritian industries. Full text...

  • Dakar hosts dried mango training course
    31 july 2001 22:46:00
    Dakar- Senegal (PANA) -- Over 60 Senegalese agro-industry workers are learning Taiwanese mango-drying techniques at the Dakar Industrial Estate Company. Full text...

  • Guinea gets 120 million dollars from World Bank
    31 july 2001 21:49:00
    Conakry- Guinea (PANA) -- Guinea is to get 120 million US dollars under an agreement reached with the World Bank, whose delegation is currently in Conakry. Full text...

  • Fuel prices go up in Botswana
    31 july 2001 21:10:00
    Gaborone- Botswana (PANA) -- Authorities in Botswana Tuesday announced that retail pump prices of fuel go up by 2. Full text...

  • OMVS dam to supply power to all members by April 2002
    31 july 2001 20:50:00
    Dakar- Senegal (PANA) -- All the three members of the River Senegal Basin Development Organisation or OMVS would get electricity from the Manantali dam by April 2002, the Senegalese news agency reported in Dakar on Tuesday. Full text...

  • Obasanjo Meets GSM Operators
    31 july 2001 18:53:00
    Lagos- Nigeria (PANA) -- With less than a week to the start of digital mobile telecommunication services in Nigeria, representatives of the three licenced operators Tuesday met with President Olusegun Obasanjo, the News Agency of Nigeria reported. Full text...

  • Kenya Railways to transport oil to Tanzania
    31 july 2001 17:36:00
    Nairobi- Kenya (PANA) -- Kenya Railways Corporation will start transporting oil to Moshi Town in Tanzania starting in August, said KRC business development manager Jane Musomba Tuesday. Full text...

  • Kenya Commercial Bank Posts Profits
    31 july 2001 17:30:00
    Nairobi- Kenya (PANA) -- Kenya Commercial Bank Tuesday announced its midyear results, posting a pre-tax profit of 210 million Kenyan shillings (about 2. Full text...

  • Central Bank increases hard currency inflows
    31 july 2001 17:02:00
    Lusaka- Zambia (PANA) -- The Bank of Zambia was on Tuesday off-loading five million US dollars onto the local foreign exchange market in a sustained effort at strengthening the Zambian kwacha. Full text...

  • Cape Verde organises building and construction exhibition
    31 july 2001 15:18:00
    Praia- Cape Verde (PANA) -- A building and construction exhibition is underway in Mindelo, Cape Verde with about 30 exhibitors on the stands. Full text...

  • African savings experts meet in Cape Town
    31 july 2001 10:24:00
    Cape Town- South Africa (PANA) -- South African Finance Minister Finance, Trevor Manuel Monday opened the 2001 Congress of the Savings and Credit Co-operative Associations (SACCA) Africa, in Cape Town, urging a conducive environment for Credit Unions to flourish on the continent. Full text...

  • Telephone tariff up 25 percent in Kenya
    31 july 2001 09:26:00
    Nairobi- Kenya (PANA) -- Telkom Kenya Limited has raised local telephone calls by 25 percent with effect from 1 August, according to new tariffs announced by the Company's Managing Director, Augustine Cheserem. Full text...

  • Kenyans to pay more for US visa
    31 july 2001 09:21:00
    Nairobi- Kenya (PANA) -- The US embassy in Nairobi has announced stricter visa regulations for Kenyans, who intend to travel to the north American country, with effect from 1 August. Full text...

  • Senegal records surplus of 8.3 billion CFA francs
    31 july 2001 08:28:00
    Dakar- Senegal (PANA) -- Senegal realised a surplus revenue of 8. Full text...

  • US grants 11.3 million dollars to Benin
    30 july 2001 23:19:00
    Cotonou- Benin (PANA) -- The US will extend to Benin a development grants totalling 11. Full text...

  • Report says logging declines in DRC
    30 july 2001 23:17:00
    Kinshasa- DR Congo (PANA) -- The volume of production of Congolese timber for export fell from 9,340 cubic meters in January-May 2000 to 5,491 cubic meters during the same period of this year, according to statistics from Congo's Central Bank. Full text...

  • NSE daily trading summary
    30 july 2001 22:13:00
    Lagos- Nigeria (PANA) -- Here follow the daily equities trading at the Nigerian Stock Exchange for Monday whereby a total of 39. Full text...

  • OMVS ministers to meet in Dakar Tuesday
    30 july 2001 21:51:00
    Dakar- Senegal (PANA) -- Ministers from the three-nation Organisation for the Development of the Senegal River Basin, or OMVS are to begin their 50th ordinary session in Dakar on Tuesday. Full text...

  • Burkina Faso to host LDC meetings
    30 july 2001 21:29:00
    Ouagadougou- Burkina Faso (PANA) -- Burkina Faso is to host two meetings for selected Least Developed Countries and others from 8 to 10 August under the framework of the joint integrated programme for assistance. Full text...

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