Economy -
  • Arab bank to construct Zambian road
    24 august 2001 20:48:00
    Lusaka- Zambia (PANA) -- The Arab Bank for Economic Development in Africa (BADEA) is to construct a 90 km all-weather road across a flood plain in Zambia at the cost of more than 66 million US dollars. Full text...

  • Mkapa appoints team to probe minister
    24 august 2001 20:33:00
    Dar es Salaam- Tanzania (PANA) -- Tanzanian President Benjamin Mkapa Friday appointed a five-man team to look into a massive sugar scandal facing one of his ministers. Full text...

  • NSE equities daily trading
    24 august 2001 19:52:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigerian Stock Exchange for Friday, 24 August, 2001: 1st Tier Securities Read against sector, name of Company and value of share: AUTOMOBILE AND TYRE Dunlop Nig. Full text...

  • Namibia, DRC airlines to start joint operation
    24 august 2001 17:12:00
    Windhoek- Namibia (PANA) -- National airlines of Namibia and the Democratic Republic of Congo may soon start a joint flight operation in order to facilitate trade ties between the two countries. Full text...

  • Truck drivers to shun road toll
    24 august 2001 16:12:00
    Niamey- Niger (PANA) -- Truck drivers in Niger Thursday announced that they had decided to shun the payment of road toll throughout the country. Full text...

  • Zambia's kwacha depreciates
    24 august 2001 15:50:00
    Lusaka- Zambia (PANA) -- Currency market analysts in Zambia Friday said unless foreign exchange supply increased, the kwacha would lose more ground against the US dollar to which it is pegged. Full text...

  • Foot and mouth disease spreads in Zimbabwe
    24 august 2001 15:50:00
    Bulawayo- Zimbabwe (PANA) -- Officials of the agriculture ministry in Zimbabwe on Friday said the outbreak of foot and mouth disease reported earlier this week in the south of the country has spread to two other provinces, but expressed optimistic that it would soon be contained. Full text...

  • Zimbabwe earns billions of Zimbdollars from tobacco
    24 august 2001 15:28:00
    HARARE- Zimbabwe (PANA) -- Tobacco auction houses on Friday said Zimbabwe has earned more than 16. Full text...

  • Major nickel mine closes in Zimbabwe
    24 august 2001 15:08:00
    Bindura- Zimbabwe (PANA) -- Zimbabwe's sole producer of nickel -- Bindura Nickel Corporation or BNC -- said on Friday that it would close its Madziwa Mine at the end of the month due to depletion of ore reserves. Full text...

  • Zimbabwe war veterans hamper cross-border trade with Zambia
    24 august 2001 10:39:00
    Lusaka- Zambia (PANA) -- Zimbabwean 'war veterans' closed the common border at Victoria Falls crossing earlier this week and prevented Zambian traders from buying goods in their country, reliable sources said. Full text...

  • Mozambique, Norway, Sweden sign power agreement
    23 august 2001 22:02:00
    Maputo- Mozambique (PANA) -- Mozambique, Norway and Sweden Thursday signed an agreement in Maputo under which the two Nordic countries are to disburse 20. Full text...

  • Mozambique, US sign agreement to promote credit scheme
    23 august 2001 21:53:00
    Maputo- Mozambique (PANA) -- Mozambique and the US Thursday signed an agreement in Maputo under which the latter is to donate foodstuff worth five million US dollars. Full text...

  • Sugar industry will lose state protection - Mocumbi
    23 august 2001 21:04:00
    Maputo- Mozambique (PANA) -- The Mozambican government remained committed to growing and refining sugar, Prime Minister Pascoal Mocumbi declared Thursday in Maputo. Full text...

  • Premier concerned of strike by dock and railroad workers
    23 august 2001 20:39:00
    Maputo- Mozambique (PANA) -- Mozambican Prime Minister Pascoal Mocumbi said Thursday that the government's main concern about a three-week strike at the port and rail company, CFM, was "the impact this might have on social stability". Full text...

  • African Development Foundation pledges support
    23 august 2001 20:04:00
    Windhoek- Namibia (PANA) -- A US agency which supports community-based self-help initiatives known as the African Development Foundation (ADF) will continue to financially support such initiatives in Namibia, said the foundation's country liaison officer, Jeremia Muadinohamba, Thursday in Windhoek. Full text...

  • Obasanjo defends import inspection policy
    23 august 2001 19:11:00
    Abuja- Nigeria (PANA) -- Nigerian President Olusegun Obasanjo, said Thursday that the 100 percent inspection of imports ordered by the federal government had led to increased production by local manufacturers. Full text...

  • NSE equities daily trading
    23 august 2001 18:37:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigerian Stock Exchange for Thursday, 23 August, 2001. Full text...

  • Wade receives Air Afrique workers' representatives
    23 august 2001 15:45:00
    Dakar- Senegal (PANA) -- Senegalese President Abdoulaye Wade on Wednesday assured representatives of the moribund Air Afrique airline of his commitment to ensure its recovery and expansion. Full text...

  • Ethiopia improving road network
    23 august 2001 15:39:00
    Addis Ababa- Ethiopia (PANA) -- A survey is under way for construction of a 310-kilometre asphalt road to link Kombolcha town in South Wollo with Gundwein town in western Ethiopia's Gojjam region. Full text...

  • Mauritius to invest 700 million rupees in waste project
    23 august 2001 14:01:00
    Port Louis- Mauritius (PANA) -- Mauritius Thursday launched an ambitious sewerage and integrated resort development project at Grand Baie, a tourist village in the north of the island. Full text...

  • Nigeria to get IDA loan for privatisation, AIDS fight
    23 august 2001 13:23:00
    Lagos- Nigeria (PANA) -- The Nigerian government is to receive a 204. Full text...

  • Malawi seeks Mauritian investors
    23 august 2001 12:46:00
    Port Louis- Mauritius (PANA) -- A delegation led by Patrick Makina, general manager of the Malawi Development Corporation, is currently visiting Port Louis in search of Mauritian investors willing to invest in Malawi. Full text...

  • Kenya wants increased trade ties with East Asia
    23 august 2001 11:07:00
    Nairobi- Kenya (PANA) -- Kenya is keen to forge trade links with East Asian countries that have registered economic growth in order to benefit from their expertise. Full text...

  • Investors form association
    22 august 2001 23:23:00
    Tripoli- Libya (PANA) -- An investment conference wound up Tuesday in Tripoli with the creation of an Association of Investors in Africa, sources in the Libyan capital announced Wednesday. Full text...

  • Commuters block traffic over fare hikes
    22 august 2001 22:58:00
    Maputo- Mozambique (PANA) -- Commuters in Boane, some 30 km west of the Mozambican capital of Maputo, Wednesday blocked traffic on the Maputo-Witbank road to protest against a fare increase slapped on them by minibus owners. Full text...

  • Trading activities pick up at GSE
    22 august 2001 21:20:00
    Accra- Ghana (PANA) -- Transactions at the Ghana Stock Exchange picked up during mid-week trading, although the bourse continued to be dominated by bearish sentiments. Full text...

  • NSE Equities Daily Trading
    22 august 2001 18:29:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigeria Stock Exchange for Wednesday 22 August, 2001: 1st Tier Securities [ST] Sector/Company Value of Share AGRICULTURE Okomu Oil Palm Plc 0. Full text...

  • Deby inaugurating Guelendeng-Bongor-Ere-Kelo road
    22 august 2001 18:06:00
    N'Djamena- Chad (PANA) -- Chadian President Idriss Deby on Tuesday inaugurated the 217-km long Guelendeng-Bongor- Ere-Kelo road, which will boost land transportation in the country's southern part. Full text...

  • MPs say IMF, World Bank practise double standards
    22 august 2001 18:04:00
    Nairobi- Kenya (PANA) Some 100 Kenyan parliamentar-ians Wednesday have again accused the World Bank and IMF of employing double standards and acute austerity when dealing with developing countries, especially those in Africa. Full text...

  • Togo settles its arrears with the World Bank
    22 august 2001 17:37:00
    Lome- Togo (PANA) -- Togo is once again eligible to receive loans from the World Bank after clearing her debt service arrears with the Bretton Woods Institution. Full text...

  • Senegal reduces cooking gas, petrol prices
    22 august 2001 15:13:00
    Dakar- Senegal (PANA) -- Senegal on Tuesday reduced the prices of cooking gas as well other oil products, the country's news agency reported. Full text...

  • OPEC grants Sudan observer status
    22 august 2001 11:54:00
    Khartoum- Sudan (PANA) -- Three African oil producing countries have been granted observer status at meetings of the Organization of the Petroleum Exporting Countries, a senior Sudanese government official has disclosed. Full text...

  • Moi unhappy with Africa's investment levels
    21 august 2001 23:46:00
    Nairobi- Kenya (PANA) -- Kenyan President Daniel arap Moi has said that developing countries in Africa were experiencing declining levels of direct foreign investments due to poor policies, under-developed infrastructure and civil unrest. Full text...

  • US trade delegation in Namibia
    21 august 2001 23:35:00
    Windhoek- Namibia (PANA) -- Representatives of several US corporations are currently visiting Namibia to assess the country's investment potentials and tourism attractions. Full text...

  • EAC, Swedish firms on joint projects
    21 august 2001 22:32:00
    Dar es Salaam- Tanzania (PANA) -- Some Swedish firms are set to implement the investments and development projects agreement between Sweden and the East African Community, an EAC statement said. Full text...

  • Kabila lures Namibian investors
    21 august 2001 22:16:00
    Windhoek- Namibia (PANA) -- President Joseph Kabila has invited Namibian engineering companies to help rehabilitate DR Congo's economic infrastructure shattered by years of mismanagement and, more recently, war. Full text...

  • Set up business ties with US counterparts, says trade minister
    21 august 2001 22:08:00
    Windhoek- Namibia (PANA) -- Trade and Industry Minister Hidipo Hamutenya Tuesday appealed to local business to enter into joint ventures with its US counterpart in order to diversify the Namibian economy. Full text...

  • Mkapa happy with outcome of Commonwealth trade meeting
    21 august 2001 22:03:00
    Dar es Salaam- Tanzania (PANA) -- Tanzanian President Benjamin Mkapa Tuesday hailed the just-ended Commonwealth partnership dialogue in Kampala, Uganda, as a significant forum for Africa. Full text...

  • Burundi gets 40 million-dollar World Bank grant
    21 august 2001 20:50:00
    Bujumbura- Burundi (PANA) -- The World Bank is granting Burundi 40 million US dollars to support civil engineering works and generate more employment in the country, an official has said. Full text...

  • Kenya contemplates nuclear power use
    21 august 2001 20:39:00
    Nairobi- Kenya (PANA) -- Kenya says it is exploring the possibility of introducing nuclear power to supplement its hydro, thermal and diesel power generation plants. Full text...

  • Governor says FG to share Nigeria's excess crude oil money
    21 august 2001 20:30:00
    Lagos- Nigeria (PANA) -- Governors of Nigeria's 36 States said Tuesday they had talked the federal government into agreeing to share a 1. Full text...

  • Congo announces copper find in Katanga
    21 august 2001 20:20:00
    Kinshasa- DR Congo (PANA) -- A copper deposit has been discovered in Lonshi in the Congolese province of Katanga, Mines and Hydrocarbons minister Simon Tumawaku reported Monday. Full text...

  • Nigeria stays privatisation of telecom outfit
    21 august 2001 20:07:00
    Abuja- Nigeria (PANA) -- The Nigerian government announced Tuesday that the privatisation of state-run telecommunications giant NITEL has been pushed forward from September to November. Full text...

  • Benin's telecom sector on the upbeat
    21 august 2001 19:13:00
    Cotonou- Benin (PANA) -- In an upswing officials explain on investment and innovation, the telecommunications sector in Benin last year registered a turnover of 47,000 million francs (62. Full text...

  • Gold exports boost Tanzania's international trade
    21 august 2001 17:45:00
    Dar es Salaam- Tanzania (PANA) -- Tanzania's international trade rose in May to 57. Full text...

  • Nigeria's Crude Oil Production Falls
    21 august 2001 17:41:00
    Lagos- Nigeria (PANA) -- Nigeria's crude oil production in May dropped by 1. Full text...

  • Group Launches Helicopter Airline in rural Sudan
    21 august 2001 17:32:00
    Khartoum- Sudan (PANA) -- A private group has launched a helicopter airline to alleviate transport problems in areas without airstrips. Full text...

  • Analogue Mobile Phone Licensee Begins Operation October
    21 august 2001 16:50:00
    Lagos- Nigeria (PANA) -- Amid nation-wide complaints over the cost of acquiring digital mobile telephone services in Nigeria, a company recently licensed to provide out-of-fashion analogue mobile lines has announced a relatively low rate of its services, scheduled to start in October. Full text...

  • Malawi's tourism exclipsed by South Africa, Mozambique
    21 august 2001 11:50:00
    Blantyre- Malawi (PANA) -- Malawi's tourism industry has fared badly since the collapse of apartheid in South Africa and the end of the Mozambican civil war, says an expert in Malawi's ministry of tourism, parks and wildlife says. Full text...

  • Zimbabwe suspends beef export due to disease
    21 august 2001 11:24:00
    Bulawayo- Zimbabwe (PANA) -- Zimbabwe Tuesday suspended beef exports to the European Union and other major markets because of a major outbreak of foot and mouth disease in the south of the country. Full text...

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