Economy -
  • Experts meet on West African power co-operation
    30 april 2001 20:16:00
    Cotonou- Benin (PANA) -- Ministers and experts in charge of Energy in Nigeria, Benin and Togo are meeting in Cotonou, on the electricity inter-connection project involving the three countries. Full text...

  • Egyptian entrepreneurs visit Comoro for investment
    30 april 2001 19:54:00
    Moroni- Comoro (PANA) -- Egyptian entrepreneurs are in the Comoro in search of investment opportunities, according to former Foreign Minister Said Mohamed Sagaf, the focal point of the Egypt-Comoro business Association. Full text...

  • More say urged for developing countries at IMF, World Bank
    30 april 2001 19:26:00
    Washington- US (PANA) -- Nigeria made a case Monday for a larger voice for developing countries in the decision making processes of the World Bank and the International Monetary Fund. Full text...

  • ECOWAS finance ministers end meeting in Togo
    30 april 2001 17:14:00
    Lome- Togo (PANA) -- ECOWAS finance ministers Sunday ended a two-day extraordinary session in Lome after discussing a report of the administrative and financial commission on enhancing the community's financial resources. Full text...

  • DRC Inflation down in March
    30 april 2001 16:14:00
    Kinshasa- DR Congo (PANA) -- Inflation rates in Kinshasa dropped from 8. Full text...

  • 8 quizzed over Malawi estate scandal
    29 april 2001 19:29:00
    Blantyre- Malawi (PANA) -- Malawi police are investigating eight employees of the Administrator General's Office over the disappearance of hundreds of thousands of dollars belonging to dead people. Full text...

  • World Bank official positive about Nigeria, South Africa
    29 april 2001 18:08:00
    Washington- US (PANA) -- Though South Africa and Nigeria are not among the high growth economies in Africa, s senior World Bank official has acknowledged what he said were encouraging signs that the two were closing in on the kind of growth that chips away at poverty. Full text...

  • G-7 sues for cancellation of HIPC bilateral debts
    29 april 2001 16:50:00
    Washington- US (PANA) -- Finance ministers of the seven largest economies have called on other bilateral creditors to join them in offering 100 per cent cancellation of all eligible debts owed them by the Heavily Indebted Poor Countries (HIPC). Full text...

  • Senegal reports surplus in first quarter fiscal revenue
    29 april 2001 14:48:00
    Dakar- Senegal (PANA) -- The authorities in Dakar have reported raising 139,800 million francs CFA (1 US dollar = 700 FCFA) in fiscal revenue for the first quarter of 2001 - 3,300 million FCFA more than the amount initially targeted. Full text...

  • More resources needed to hold out global contraction
    29 april 2001 10:42:00
    Washington- US (PANA) -- Worried about the likely impact on their economies of the current economic slow down in advanced countries, developing countries have urged the World Bank and the IMF to intensify efforts towards the enhancement of their growth and reduction of poverty. Full text...

  • Africa Wants Partial Debt Cancellation, Increased Aids
    29 april 2001 10:18:00
    Washington- US (PANA) -- Rather than insist on the cancellation of all their debts that may bankrupt the IMF and the World Bank, African ministers said Saturday that they would prefer an increase in the flow of other resources from developed countries to their countries. Full text...

  • Beijing writes off half of Burundi's debt
    28 april 2001 19:14:00
    Bujumbura- Burundi (PANA) -- China has written of 47. Full text...

  • Weak economic tempo hurts East African regional bank
    28 april 2001 16:30:00
    Dar es Salaam- Tanzania (PANA) -- The East African Development Bank said it posted an unprecedented regression in its net profits in 2000 compared to the previous year, according to a press release issued in Dar es Salaam. Full text...

  • Equities traded at Nigerian Stock Exchange
    27 april 2001 21:04:00
    Lagos- Nigeria (PANA) -- The daily equities trading at the Nigeria Stock Exchange for Friday appear as follows: [ST] 1st Tier Securities Sector and Name of Company Value of Share AGRICULTURE Okomu Oil Palm Plc 10. Full text...

  • Air Afrique to turn Abidjan into gateway to Europe
    27 april 2001 20:13:00
    Abidjan- Cote d'Ivoire (PANA) -- The multinational air company Air Afrique intends to turn Abidjan, Cote d'Ivoire's economic capital into a major gateway to Europe under its 2001 programme beginning Monday. Full text...

  • IMF to streamline own reform conditionalities
    27 april 2001 19:34:00
    Washington- US (PANA) -- The International Monetary Fund, long criticised for demanding harsh reforms before supporting countries in financial crisis, has decided to streamline its conditionalities. Full text...

  • Cape Verde among African states with most substantial growth
    27 april 2001 14:34:00
    Praia- Cape Verde (PANA) -- Cape Verde is among five African countries which had the most substantial Gross Domestic Growth (GDP) during 2000, the International Monetary Fund (IMF) revealed Thursday. Full text...

  • Oxfam says debt initiative for poor countries be widened
    27 april 2001 14:27:00
    Washington- United States (PANA) -- Oxfam, an international aid agency that has championed debt forgiveness for poor countries, has asked the World Bank and the International Monetary Fund (IMF) to further widen and deepen debt relief under the Heavily Indebted Poor Countries initiative (HIPC). Full text...

  • Kenya optimistic about ending stalemate with donors
    27 april 2001 10:22:00
    Nairobi- Kenya (PANA) -- A senior Kenyan government official Friday expressed satisfaction with ongoing negotiations with the International Monetary Fund (IMF) and the World Bank. Full text...

  • IMF suggests ways for Africa's integration in global trade
    26 april 2001 21:57:00
    Washington- US (PANA) -- The International Monetary Fund (IMF) has suggested that trade liberalisation and reduction in transaction costs could reverse Africa's growing marginalisation from global trade. Full text...

  • China cancels Cape Verde's 50-million-yuan debt
    26 april 2001 21:40:00
    Praia- Cape Verde (PANA) -- China has announced the cancellation of 50 million yuan debt owed it by Cape Verde (1 yuan = 8. Full text...

  • Cashew nut prices tumble in Guinea Bissau
    26 april 2001 20:07:00
    Bissau- Guinea Bissau (PANA) -- Private cashew nut buyers in Guinea Bissau have been offering between 150 F CFA or even 100 F CFA instead of 300 F CFA per kg as fixed by the government. Full text...

  • Nigeria Stock Exchange: Thursday's equity trading
    26 april 2001 17:55:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigeria Stock Exchange for Thursday 26 April 2001: 1st Tier Securities Sector/Company Value of Share [ST] AGRICULTURE Okomu Oil Palm Plc 11. Full text...

  • Morocco devalues the dirham
    26 april 2001 16:24:00
    Rabat- Morocco (PANA) -- Finance ministry officials in Rabat have announced a devaluation of Morocco's dirham by 5 per cent in a bid to cushion off the impact of fluctuations in major international currencies. Full text...

  • West, central Africa envision coastal shipping company
    26 april 2001 15:40:00
    Lome- Togo (PANA) -- Ports authorities in West and Central Africa meeting in Lome, Togo, have launched a project to set up an African coastal shipping company. Full text...

  • Zimbabwe, Botswana sign trade deal
    26 april 2001 15:04:00
    Harare- Zimbabwe (PANA) -- Zimbabwe and Botswana Thursday signed a new trade agreement, which officials said would help to strengthen economic ties between their two countries The pact replaces that signed in 1956 by their colonial rulers, which the officials said had hindered trade. Full text...

  • Kenya to extend oil pipeline to Uganda
    26 april 2001 12:22:00
    Nairobi- Kenya (PANA) -- The Kenyan government has embarked on a multi-million shillings project to extend its oil pipeline to Kampala in Uganda, official sources said. Full text...

  • Morocco, Korea set up business council
    26 april 2001 11:53:00
    Casablanca- Morocco (PANA) -- The General Confederation of Moroccan Industry (CGEM), an employers' association, and the Federation of Korean Industry (FKI) have set up a business council in Casablanca, Moroccan officials said. Full text...

  • Big efforts underway to promote Libyan tourism
    26 april 2001 10:31:00
    Tunis- Tunisia (PANA) -- Officials from the Libyan Tourism and Investment Promoting Authority have reported that both the Libyan government and Libyan private sector are taking big steps to attract a greater number of tourists to the country, the local press said Thursday. Full text...

  • Senegal to benefit 1.3 million Euros in debt relief
    25 april 2001 23:46:00
    Dakar- Senegal (PANA) -- The European Investment Bank (EIB) would give Senegal 1. Full text...

  • Spanish businessmen in Dakar
    25 april 2001 23:21:00
    Dakar- Senegal (PANA) -- A trade mission composed of 16 leaders of enterprises from the Canary islands is on its second day of its tour of Senegal to explore possibility of forging links with their colleague in Dakar. Full text...

  • Diamond conference opens in Brussels
    25 april 2001 22:33:00
    Brussels- Belgium (PANA) -- The international conference on the certification of uncut diamonds opened in Brussels Wednesday in the presence of delegates from 43 countries as well as representatives of the diamond industry and NGOs. Full text...

  • France, Cote d'Ivoire sign financial agreements
    25 april 2001 20:54:00
    Abidjan- Cote d'Ivoire (PANA) -- Paris and Abidjan have signed four cooperation agreements totalling 5. Full text...

  • Government questioned on economic role
    25 april 2001 20:14:00
    Praia- Cape Verde (PANA) -- Cape Verdian Prime Minister Jose Maria Neves has said that foreign and local investors had expressed confidence in the future of the country since his government took office on 1 February this year. Full text...

  • South Africa acquires more shares in ADB
    25 april 2001 20:07:00
    Dakar- Senegal (PANA) -- South Africa will increase its shareholding in the African Development Bank from 0. Full text...

  • Mauritius at crossroads after boon under Lome Conventions
    25 april 2001 19:27:00
    Port Louis- Mauritius (PANA) -- Deputy Prime minister Paul Berenger said Mauritius has prospered for more than three decades mainly through trade preferences it enjoyed under the successive Lome Conventions amidst severe swings in the world economy. Full text...

  • DR Congo ends Israeli firm's diamonds marketing monopoly
    25 april 2001 14:32:00
    Kinshasa- DR Congo (PANA) -- The DR Congo government has cancelled the exclusivity licence granted to the Israeli International Diamond Industries S. Full text...

  • Stakeholders discuss Cameroon cocoa, coffee
    25 april 2001 13:08:00
    Yaounde- Cameroon (PANA) -- The international forum on Cameroonian cocoa and coffee (FICCA 2001) rolled off in Yaounde Wednesday, with participants exchanging ideas and experience in their dealings within the sector. Full text...

  • Zambian Kwacha regains strength against the dollar
    25 april 2001 12:24:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha has, after a month of uncontrollable depreciation, hit a skid and become bullish against the US dollar. Full text...

  • Nkana (Zambia) miner dies in underground mishap
    25 april 2001 12:19:00
    Lusaka- Zambia (PANA) -- A Zambian miner has died underground at Nkana Copper Mine after he was hit by a rock fall. Full text...

  • Currency speculators burn fingers in Zimbabwe
    25 april 2001 12:09:00
    Harare- Zimbabwe (PANA) -- Businessmen speculating over the state of the Zimbabwean dollar are facing huge losses as the government continues to hold out against demands to devalue the currency, bankers said Wednesday. Full text...

  • Zambia increases exports to other COMESA members
    24 april 2001 23:27:00
    Lusaka- Zambia (PANA) -- Zambia has quickly risen to the top echelons of big exporters of goods to other members of the Common Market for Eastern and Southern Africa since the Free Trade Area was established. Full text...

  • 4th international transport show begins 31 May
    24 april 2001 23:19:00
    Rabat- Morocco (PANA) -- The international show on the transportation of goods, persons and logistics (SITMAP) will be organised in Casablanca from 31 May to 3 June on the theme "transport, a vehicle for economic development". Full text...

  • Wade promises to end Air Afrique problems
    24 april 2001 23:04:00
    Dakar- Senegal (PANA) -- President Abdoulaye Wade of Senegal said on Tuesday promised to consult his colleagues within a month or so to find a solution to the problems facing the multinational airline, Air Afrique. Full text...

  • Algeria records over 3 billion dollars trade surplus
    24 april 2001 22:58:00
    Tunis- Tunisia (PANA) -- Algeria registered a surplus of 3. Full text...

  • Brussels hosts conference on diamonds Wednesday
    24 april 2001 22:31:00
    Brussels- Belgium (PANA) -- An international conference on diamonds convenes 25-27 April in Brussels, Belgian Foreign Ministry sources said. Full text...

  • Belgium accused continuing sale of UNITA diamonds
    24 april 2001 21:03:00
    Brussels- Belgium (PANA) -- The Belgian mining marketing town of Antwerp has continued to buy diamonds from the rebel National Union for the Total Independence of Angola (UNITA), according to a secret report released by the General Intelligence Service. Full text...

  • Two arrested over 1.7-billion kwacha bank theft
    24 april 2001 20:31:00
    Lusaka- Zambia (PANA) -- Zambian authorities are holding a bank clerk and an accomplice in connection with the theft of 1. Full text...

  • Kenya's cereals import bills rising
    24 april 2001 20:13:00
    Nairobi- Kenya (PANA) -- The steady but serious rise in Kenya's dependency and spending on cereal imports indicted the nation's agricultural policies and the management of the sector as a whole, analysts observe. Full text...

  • Senegal gets 6 billion F CFA BOAD loan
    24 april 2001 19:59:00
    Lome- Togo (PANA) -- The Senegalese National Electricity Company has obtained a loan of 6 billion F CFA from the Lome- based West African Development Bank to expand its thermal station at Cap de biches in the outskirts of Dakar. Full text...

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