Economy -
  • 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...

  • Bamako-Dakar trains suspended
    30 july 2001 20:24:00
    Bamako- Mali (PANA) -- Railway traffic from Bamako to Dakar in Senegal following the destruction of the Babougou bridge located between the western town of Kayes and the Malian capital. Full text...

  • Brazzaville summit to decide fate of Air Afrique
    30 july 2001 19:44:00
    Dakar- Senegal (PANA) -- Heads of State whose countries are shareholders of Air Afrique are due to meet 10 August in Brazzaville, Congo, to determine the fate of the financially distressed regional airline. Full text...

  • Rwandan phone company expands services to eastern DRC
    30 july 2001 19:10:00
    Kigali- Rwanda (PANA) -- Rwanda's telephone company is set to extend its services to the towns of Bukavu and Goma in eastern Democratic Republic of Congo, a company official confirmed in Kigali Monday. Full text...

  • World Bank Credits for Ghana, Guinea, Gambia
    30 july 2001 16:07:00
    New York- US (PANA) -- The World Bank has approved various credits totalling 465 million US dollars for three African countries - Ghana, Guinea and Gambia. Full text...

  • Stakes high for next trade rounds, says WTO executive
    30 july 2001 16:03:00
    Paris- France (PANA) -- World Trade Organisation director general Mike Moore Monday warned that failure to reach a consensus on the next agenda could cast serious doubts about the WTO as a forum for negotiations. Full text...

  • South Africa, Germany strengthen ties
    30 july 2001 15:50:00
    Cape Town- South Africa (PANA) -- South African Social Development Minister, Zola Skweyiya, and the President of the South African-German Chamber, Goetz Hagemann, have pledged to strengthen development co-operation between the two countries. Full text...

  • Multi-national sugar plant to open in November
    30 july 2001 15:15:00
    Khartoum- Sudan (PANA) -- Construction work has been scheduled for next November on a giant multi-national sugar plant in the White Nile district, some 120 km south of the Sudanese capita, Khartoum. Full text...

  • Sudan Cellphone users get tariff cuts
    30 july 2001 15:13:00
    Khartoum- Sudan (PANA) -- Mobitel, the private company running Sudan's mobile phone service, Monday announced a 35-percent tariff cut for its clients. Full text...

  • Morocco, Bahrain sign cooperation agreements
    30 july 2001 14:47:00
    Rabat- Morocco (PANA) -- Morocco and Bahrain at the weekend signed three agreements to bolster bilateral cooperation in the areas of tourism, employment and culture, official sources said. Full text...

  • Canadians eye Guinea-Bissau's phosphates
    30 july 2001 14:23:00
    Bissau- Guinea-Bissau (PANA) -- A Canadian delegation from the Champion company licenced to exploit phosphates in the Guinea-Bissau's north-eastern locality of Farim, has met with President Koumba Yala and Prime Minister Faustino Imbali in Bissau. Full text...

  • Investors redeem 3.1 million dollars of Nigeria's debt
    30 july 2001 12:05:00
    Lagos- Nigeria (PANA) -- Investors at the weekend redeemed 339. Full text...

  • Developing countries wary of next trade round
    28 july 2001 18:53:00
    Paris- France (PANA) -- Ahead of the November ministerial conference in Doha, Qatar the World Trade Organisation (WTO) holds a two-day meeting in Geneva starting Monday, to size up prospects for a new round of world trade talks. Full text...

  • ADF 2001 focusing on regional integration priorities
    28 july 2001 18:47:00
    Dakar- Senegal (PANA) -- The third African Development Forum (ADF 2001), slated for 9-13 December in Addis Ababa, Ethiopia, will seek to define priorities for regional integration, the organisers, the Economic Commission for Africa (ECA), has said. Full text...

  • NSE equities decline in volume, value
    28 july 2001 17:37:00
    Lagos- Nigeria (PANA) -- Equities transactions at the Nigerian Stock Exchange (NSE) during the week dropped both in volume and value, with a total of 146. Full text...

  • Monetary Zone: Council Urges Compliance with Criteria
    28 july 2001 15:30:00
    Lagos- Nigeria (PANA) -- The Convergence Council for the West African Monetary Zone (WAMZ) has called for stricter compliance with the convergence criteria to enable the zone take off by the target date of January 2003. Full text...

  • Niger gets 107 million-dollar French grant
    28 july 2001 15:22:00
    Niamey- Niger (PANA) -- The French Development Agency (AFD) has granted Niger eight billion CFA francs (107 million US dollars) to support the country's budget, official sources said Friday. Full text...

  • Algeria opts for WTO membership
    28 july 2001 11:38:00
    Algiers- Algeria (PANA) -- Algeria has submitted an explanatory memorandum to the Geneva-based World Trade Organisation (WTO), in a bid to become a member of the world trade body, the Algerian trade minister announced Friday in Oran. Full text...

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