Economy -
  • Bird strike aborts Virgin Atlantic flight
    29 august 2001 14:21:00
    Lagos- Nigeria (PANA) -- A Virgin Atlantic's Lagos-London flight was aborted shortly before take-off last Friday, after a bird went into one of the engines of the Boeing 747-200 aircraft, an official of the airline said in Lagos Wednesday. Full text...

  • Nigeria invites bid for oil fields allocation
    29 august 2001 13:37:00
    Lagos- Nigeria (PANA) -- As part of moves to involve more competent indigenous Companies in the Nigerian oil and gas sector, the government will next week invite bids from interested firms for allocation of marginal oil fields, industry sources said in Lagos Wednesday. Full text...

  • Nigeria to open Trade Centre in Shanghai
    29 august 2001 12:54:00
    Lagos- Nigeria (PANA) -- Nigeria plans to open an International Trade Centre in Shanghai, China's fastest growing economic development zone, as part of efforts to boost trade with the Asian country, the local press reported in Lagos Wednesday. Full text...

  • NITEL reverts to old tariffs
    29 august 2001 12:47:00
    Lagos- Nigeria (PANA) -- Nigeria's State-run telecommunications Company NITEL is to revert to its old tariff for land lines from 15 September, ending the much-criticised regime of new rates introduced in June, the local press reported Wednesday. Full text...

  • SA business leaders discover new strategies
    29 august 2001 12:02:00
    Cape Town- South Africa (PANA) -- Business leaders from Southern Africa have been reminded that "the ability of a manager to think creatively and communicate critically" within the changing business environment is the key factor in the "success of an organisation". Full text...

  • BOAD grants Benin debt reduction
    29 august 2001 11:00:00
    Cotonou- Benin (PANA) -- Benin's Finance and Economy minister Abdoulaye Bio-Tchane and the president of the West African Development Bank (BOAD), Boni Yayi, have signed a 3. Full text...

  • Nigerian government moves to decongest ports
    29 august 2001 09:37:00
    Lagos- Nigeria (PANA) -- Nigeria's Federal Government has inaugurated a panel set up to decongest the nation's main seaports and find a permanent solution to problems besetting them, the News Agency of Nigeria reported. Full text...

  • Luxembourg donates 6,000 tons of wheat to Cape Verde
    28 august 2001 22:09:00
    Praia- Cape Verde (PANA) -- Luxembourg has decided to provide 6,000 tons of wheat as supplementary food aid to Cape Verde, official sources said in Praia Tuesday. Full text...

  • COMESA finance ministers want easier forex payments
    28 august 2001 17:37:00
    Nairobi- Kenya (PANA) -- Finance ministers from 15 COMESA states as well as representatives from 14 partner bodies ended a high level meeting Monday, after calling for a speedy implementation of a cross border payment system aimed at easing foreign exchange problems in the region. Full text...

  • WCAR: Mbeki decries excesses of new economic order
    28 august 2001 17:26:00
    Durban- South Africa (PANA) -- Ahead of the World Conference against Racism set to begin on Friday, President Thabo Mbeki of South Africa Tuesday affirmed at an NGO forum that sweeping changes to injustices around the world could be made through conscious intervention. Full text...

  • American business delegation due in Nigeria
    28 august 2001 17:18:00
    Lagos- Nigeria (PANA) -- An American business delegation, to be led by Representative J. Full text...

  • Legislators spoil for showdown with bill on interest rates
    28 august 2001 16:23:00
    Nairobi- Kenya (PANA) -- Just two weeks after they shot down a bill they said was driven by donor nations and institutions, Kenyan legislators are once again set to square it off with Attorney General Amos Wako, this time over a draft legislation seeking to control bank interest rates. Full text...

  • Two Zambian companies up for sale
    28 august 2001 15:42:00
    Lusaka- Zambia (PANA) -- Two Zambian companies, now engaged in the production of tea and recovery of precious metals from slimes, have been placed on offer for sale to prospective investors. Full text...

  • Coffee and tea stakeholders hold meeting
    28 august 2001 13:39:00
    Nairobi- Kenya (PANA) -- Kenya's Coffee and Tea Parliamentary Association (COTEPA) and major stakeholders in the coffee industry Tuesday started a two-day workshop in the central province capital of Nyeri to brainstorm on the ills afflicting the once lucrative sector. Full text...

  • Kinshasa Trade Fair ends on a low key
    28 august 2001 13:32:00
    Kinshasa- DR Congo (PANA) -- DR Congo Industry and Trade Minister Ezatey Mereko, said the month-long 2001 Kinshasa International Trade Fair recorded a low attendance due to the dwindling purchasing power of the population. Full text...

  • African Bank launches 430 million-dollar bond programme
    28 august 2001 13:23:00
    Cape Town- South Africa (PANA) -- African Bank, South Africa's largest credit bank, Tuesday announced the launch of a 430 million dollar 'Domestic Medium Term Note' (DMTN) programme to fund its asset book. Full text...

  • Soldiers to remain in Nigeria's restive Niger-Delta
    28 august 2001 11:40:00
    Lagos- Nigeria (PANA) -- Soldiers deployed to the Niger-Delta, Nigeria's restive oil-producing region, are to remain there for as long as it takes to restore peace to the area, the local press reported Tuesday. Full text...

  • Unipetrol plans investment expansion in West Africa
    28 august 2001 10:23:00
    Lagos- Nigeria (PANA) -- Unipetrol Nigeria Plc, the first of three oil marketing companies with government interest to be fully privatised, plans to expand its investment in the West African sub-region, a top official of the Company said. Full text...

  • Two Congos share tax experiences
    28 august 2001 09:50:00
    Kinshasa- DR Congo (PANA) -- A delegation from the Tax Department of Congo-Brazzaville has concluded a visit to Kinshasa to share experiences with the DR Congo's General Board of Taxes (DGC). Full text...

  • COMESA moves on Monetary Union
    28 august 2001 09:20:00
    Nairobi- Kenya (PANA) -- Finance Ministers from the Common Market for Eastern and Southern Africa (COMESA) are meeting in Nairobi, Kenya for two days on monetary co-operation and economic integration of their sub-region. Full text...

  • DRC exploits barely 2 million cubic meters of its wood
    27 august 2001 23:48:00
    Kinshasa- DR Congo (PANA) -- Constraints of transport, obsolete production and handling equipment, petroleum crisis and increase in taxes were forcing DR Congo to exploit two million cubic meters of its annual exploitable wood of 20. Full text...

  • Japan helps to renovate Kankan fishing infrastructure
    27 august 2001 23:14:00
    Conakry- Guinea (PANA) -- Japan's embassy in Conakry has donated 150 million Guinean francs (82,000 US dollars) to finance the rehabilitation of fishing infrastructure owned by a group of fishermen and fish mongers at Kankan in northern Guinea. Full text...

  • Air Afrique to appoint new manager in September
    27 august 2001 22:18:00
    Abidjan- Cote d'Ivoire (PANA) -- Chad's minister of transport, Ahmat Mahamat Saleh, has been appointed acting administrator of the multinational African airline, Air Afrique, effective 31 August when its interim general manager, Jeffrey Erickson, quits the company. Full text...

  • Botswana guards against foot-and-mouth disease
    27 august 2001 21:48:00
    Gaborone- Botswana (PANA) -- Botswana veterinary officials have intensified patrols along the border with Zimbabwe following the outbreak of foot-and-mouth disease near the Zimbabwean city of Bulawayo. Full text...

  • Zimbabwe Land Crisis Worries SADC Leaders
    27 august 2001 21:38:00
    Blantyre- Malawi (PANA) -- Zimbabwe's worsening land crisis is setting leaders of neighbouring countries on their toes. Full text...

  • Botswana Modernising Postal Services
    27 august 2001 21:34:00
    Gaborone- Botswana (PANA) -- Botswana Postal Services has abolished the letter weighing system and introduced tariffs calculated on letter size and destination. Full text...

  • Mozambique bans Zimbabwean meat
    27 august 2001 20:49:00
    Maputo- Mozambique (PANA) -- Mozambique has banned the import of meat and milk from Zimbabwe, following an outbreak of foot and mouth disease among Zimbabwean livestock, the Mozambican news agency, AIM, reported Monday. Full text...

  • NSE daily trading
    27 august 2001 17:44:00
    Lagos- Nigeria (PANA) -- A total of 32. Full text...

  • Nigerian Navy to check oil bunkering
    27 august 2001 16:44:00
    Lagos- Nigeria (PANA) -- The Nigeria Navy is acquiring two helicopters and an unspecified number of fast combat boats to strengthen its capacity to check the activities of oil bunkerers in the country's Niger-Delta region, the local media reported Monday. Full text...

  • Kenyan farmers make big money from horticulture
    27 august 2001 15:05:00
    Nairobi- Kenya (PANA) -- While agriculture remains the mainstay of the Kenyan economy, horticulture is fast emerging as the prime money spinner for people involved in this branch of farming. Full text...

  • Rwanda hosts international trade fair
    27 august 2001 14:50:00
    Kigali- Rwanda (PANA) -- Rwanda is currently hosting an international trade fair featuring business people and companies from east, central and southern Africa, sources in Kigali affirmed Monday. Full text...

  • CAR to take stock of finances
    27 august 2001 12:58:00
    Bangui- Central African Republic (PANA) -- The government of the Central African Republic (CAR) would 10-12 September hold its first ever national consultations on the country's financial performance with a view to redefining future social and economic options. Full text...

  • Senegal hosts UEMOA public works ministers, experts meeting
    27 august 2001 12:52:00
    Dakar- Senegal (PANA) -- A five-day meeting of public work experts of the West African Economic and Monetary Union (UEMOA) member states opens Monday in Dakar, Senegal to examine a joint strategy and programme of action for infrastructure and road transport of the union. Full text...

  • Government, mining group lock horns over mine closure
    27 august 2001 12:35:00
    HARARE- Zimbabwe (PANA) -- Zimbabwe locked horns Monday with an international mining group over its intention to close a major nickel mine due to alleged low ore reserves. Full text...

  • Muluzi, Mugabe, Chissano on Zimbabwe land issue
    27 august 2001 10:02:00
    Blantyre- Malawi (PANA) -- Malawi President Bakili Muluzi, in his role as the new Southern African Development Community (SADC) chairman, is in the Mozambican port city of Beira to discuss the Zimbabwe land issue with his Zimbabwean and Mozambican counterparts in a day-long meeting. Full text...

  • Police confiscates 175 pieces of "stones"
    27 august 2001 09:05:00
    Freetown- Sierra Leone (PANA) -- Sierra Leone police said they have confiscated 175 "stones" from suspected illegal dealers in the eastern suburb of the capital Freetown. Full text...

  • Minister to help place the jobless in Gulf States
    27 august 2001 07:51:00
    Port Louis- Mauritius (PANA) -- Mauritian professional training and productivity minister Sangeet Fowdar plans to visit the Gulf states of Saudi Arabia, Dubai, Qatar and Oman soon to identify jobs for Mauritians wishing to work there. Full text...

  • Kenya Airways programmes two weekly flights to Accra
    26 august 2001 18:21:00
    Nairobi- Kenya (PANA) -- Kenya Airways has announced plans to commence two weekly flights to Accra, Ghana with effect from September this year. Full text...

  • Sudan-Indonesia trade exchanges reach 52 million dollars
    26 august 2001 14:50:00
    Khartoum- Sudan (PANA) -- The volume of trade between Sudan and Indonesia attained 52 million US Dollars during the past three years, it was announced in Khartoum Sunday. Full text...

  • African nations move to fight money laundering
    26 august 2001 14:15:00
    Dar es Salaam- Tanzania (PANA) -- Six countries in eastern and southern Africa have set up a task force to curb money laundering and other economic organised crimes in the region. Full text...

  • Kenya's pyrethrum production set to increase
    26 august 2001 12:53:00
    Nairobi- Kenya (PANA) -- Kenya's pyrethrum production is expected to reach 15,000 tonnes next year, but the crop faces increased competition from synthetic insecticides, an industry official has said. Full text...

  • Ethiopians seek fortune in deserted goldfield
    26 august 2001 12:04:00
    Addis Ababa- Ethiopia (PANA) -- Small-scale unlicensed miners have invaded Ethiopia's Adola goldfield after the government failed to get a determined investor to take over its mine. Full text...

  • NSE equities transaction appreciates
    25 august 2001 18:15:00
    Lagos- Nigeria (PANA) -- The Nigerian Stock Exchange (NSE) equities traded this week appreciated both in volume and value with a total of 123. Full text...

  • Minister commends soldier on women's project
    25 august 2001 18:07:00
    Oshakati- Namibia (PANA) -- Namibian Higher Education Minister Nahas Angula has commended a member of the country's Defence Force, Fillemon Hailaula, for initiating an income- generating project for women at his Olyavahenge village in the Omusati region. Full text...

  • President Wade sues for economic observatory
    25 august 2001 16:20:00
    Dakar- Senegal (PANA) -- President Abdoulaye Wade Friday urged trade unions in Senegal to set up two observatories aimed at monitoring the country's economic and fiscal evolution, the Senegalese News Agency (APS) reported Saturday. Full text...

  • NEPA explains national power failure
    25 august 2001 16:20:00
    Lagos- Nigeria (PANA) -- Nigeria's power monopoly NEPA, said the blackout experienced throughout the country for several hours Friday was due to a system collapse triggered by a sudden drop in gas pressure. Full text...

  • Nigerian oil pipeline vandals face trial
    25 august 2001 16:06:00
    Lagos- Nigeria (PANA) -- Nigeria's Directorate of State Security (DSS) has arraigned before a Kogi State Chief Magistrate's Court three middle-aged men accused of vandalising product pipelines of the national oil Company NNPC, in the northern State. Full text...

  • Obasanjo inaugurates Committee on solid minerals
    25 august 2001 15:52:00
    Abuja- Nigeria (PANA) -- Nigerian President Olusegun Obasanjo has reaffirmed the commitment of his administration to the diversification of the nation's economy through the full and efficient exploitation of its solid minerals. Full text...

  • Ethiopia lines up power projects worth 321 million dollars
    25 august 2001 13:38:00
    Addis Ababa- Ethiopia (PANA) -- The Ethiopian Electric Power Corporation (EEPCO) said it intended to electrify 50 towns during the year apart from carrying out 56 on-going and new power projects in the country at a cost of 2. Full text...

  • European, Australian contractors pre-qualify for project
    25 august 2001 13:21:00
    Dar es Salaam- Tanzania (PANA) -- Twenty 20 leading European and Asian contractors have pre-qualified to implement the main components of Tanzania's multi-million dollar Songo Songo gas-to- electricity project, informed sources said. Full text...

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