Economy -
  • Businessmen urged to show aggressiveness
    19 june 2001 19:39:00
    Windhoek- Namibia (PANA) -- An American business trainer Tish Schutte on Tuesday urged Namibian business people to take advantage of what is on offer and continuously investigate new markets. Full text...

  • Fuel prices go up in Burkina Faso
    19 june 2001 17:40:00
    Ouagadougou- Burkina Faso (PANA) -- The ministry of trade, promotion of enterprises and the craft industry Tuesday announced an increase in the price of oil with effect from 19 June. Full text...

  • Independent power project takes off in Nigeria
    19 june 2001 17:39:00
    Lagos- Nigeria (PANA) -- After several months of delay, the much-awaited Lagos State government-funded independent power project has taken off, injecting some 60. Full text...

  • Brewery increases prices by 15 percent in Senegal
    19 june 2001 17:34:00
    Dakar- Senegal (PANA) -- The West African Breweries Company (SOBOA), Senegal's main brewery firm, has increased the prices of its products by 15 percent, the Senegalese News Agency (APS) reported. Full text...

  • Manager quits Nigerian bank
    19 june 2001 17:24:00
    Lagos- Nigeria (PANA) -- The Managing Director of one of Nigeria's top three banks, United Bank for Africa, has resigned, press accounts said Tuesday. Full text...

  • Experts pessimistic about Kenya attaining budget targets
    19 june 2001 16:51:00
    Nairobi- Kenya (PANA) -- The key target finance minister Chris Okemo set on budget day - seeking to reduce poverty - may prove elusive due to the small amount he allocated to development expenditure, economics experts warned Tuesday. Full text...

  • China strengthens foothold in Africa
    19 june 2001 16:37:00
    Lusaka- Zambia (PANA) -- China on Tuesday consolidated its hold on the business and economic activities of Africa by establishing its 11th trade centre on the continent in the Zambian capital of Lusaka. Full text...

  • UBA Managing Director quits
    19 june 2001 13:56:00
    Lagos- Nigeria (PANA) -- The Managing Director of one of Nigeria's top three banks, United Bank for Africa, has resigned, according to Tuesday media reports. Full text...

  • Zimbabwe stops issuing licences to private gold dealers
    19 june 2001 13:55:00
    Harare- Zimbabwe (PANA) -- The Zimbabwean government announced Tuesday it was suspending issuing licences to private gold buyers in a bid to curb the smuggling of the mineral out of the country. Full text...

  • Libya to supply oil to Ghana
    19 june 2001 12:30:00
    Accra- Ghana (PANA) -- Libya has agreed to supply 30,000 barrels of oil per day to Ghana to augment the supply from Nigeria, according to Foreign Minister Hackman Owusu Agyeman. Full text...

  • Air Maroc orders 4 Airbuses
    19 june 2001 11:34:00
    Rabat- Morocco (PANA) -- Royal Air Maroc (RAM) Monday signed a contract with French Airbus for the purchase of four Airbus-A321 aircraft at a ceremony in France, the Moroccan National Airline said in a statement. Full text...

  • Tribunal told that Minister directed irregular payment
    19 june 2001 07:56:00
    Lusaka- Zambia (PANA) -- A Tribunal investigating three cabinet Ministers accused of diverting two billion kwacha from parliament to finance the last National Convention of Zambia's ruling party heard Monday that one of the Ministers exceeded his powers. Full text...

  • South African company seeks business in Nigeria
    18 june 2001 20:30:00
    Johannesburg - South Africa (PANA) -- A South African company focussing on the non-regulated electricity related activities seeks to extend its business in Nigeria by participating in the three-day Powergen Electrolex exhibition beginning Tuesday in Lagos. Full text...

  • DRC authorises four diamond purchase counters
    18 june 2001 20:14:00
    Kinshasa- DR Congo (PANA) -- The Congolese government has approved four purchase counters within the framework of the new diamond sector policy which President Joseph Kabila decided when he ascended to power last January, an official source said Monday in Kinshasa. Full text...

  • NSE Daily Equities Trading
    18 june 2001 19:32:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigeria Stock Exchange for Monday, 18 June 2001. Full text...

  • Govt Inaugurates Committees On Privatisation
    18 june 2001 19:26:00
    Lagos- Nigeria (PANA) -- Nigeria's federal government has inaugurated three committees to reform and restructure enterprises slated for the second phase of its privatisation programme. Full text...

  • Zambia launches traffic monitoring system
    18 june 2001 19:24:00
    Kabwe- Zambia (PANA) -- Zambia on Monday officially commissioned the nine million US dollar Advanced Cargo Information Systems (ACIS) to monitor the movement of traffic along the country's railways. Full text...

  • Nigerian youths abduct oil Company workers
    18 june 2001 18:57:00
    Lagos- Nigeria (PANA) -- Youths from the oil-producing Ilaje community in Nigeria's south-west State of Ondo are holding hostage two Nigerian workers of the American oil company Chevron, whom they seized on Thursday. Full text...

  • Zambian kwacha keeps low profile as trading resumes
    18 june 2001 17:50:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha remained low against the US dollar as business resumed on Monday, with the Central Bank marginal dealing rate still perched precariously at 3,650 units to the dollar. Full text...

  • IMF assesses Congo's economic performance
    18 june 2001 16:58:00
    Brazzaville- Congo (PANA) -- An IMF team is in Brazzaville to evaluate Congo's economic performance, a source close to the Economy, Finance and Budget Ministry said Monday. Full text...

  • Bissau government in financial dire straits
    18 june 2001 16:43:00
    Bissau- Guinea Bissau (PANA) -- A local newspaper had highlighted the grim situation of the Bissau-Guinean government, noting that the country's internal debt alone had piled up to some 15 billion francs CFA (1 US dollar = 700 FCFA). Full text...

  • China opens trade centre in Lusaka
    18 june 2001 15:33:00
    Lusaka- Zambia (PANA) -- The Chinese government will on Tuesday open a centre for the promotion of trade and investment in Lusaka, bringing to 11 the total number of Chinese centres now operating in Africa. Full text...

  • Report on World Bank portfolio in Benin
    18 june 2001 13:43:00
    Cotonou- Benin (PANA) -- The World Bank portfolio in Benin is well managed, according to the sixth Performance Review of projects quoted by the Benin News Agency (ABP) Monday. Full text...

  • Sudan's President announces tax cuts
    18 june 2001 13:38:00
    Khartoum- Sudan (PANA) -- Sudan's President Omer al Bashir at the weekend announced a number of fiscal incentives including tax exemption from family expenses of up to the first 10,000 dinars of each spouse. Full text...

  • Ghana says making efforts to apply for HIPC relief
    18 june 2001 12:23:00
    Accra- Ghana (PANA) -- The Ghana government, which applied for the Highly Indebted Poor Countries (HIPC) initiative last February under a barrage of criticism, Sunday said that it was making efforts towards preparing the country to officially apply for HIPC relief. Full text...

  • Cigarette maker issues 51 million shares to foreign company
    18 june 2001 10:10:00
    Lusaka- Zambia (PANA) -- Zambia's sole cigarette maker, British American Tobacco (Zambia) Plc (BAT), has received the go ahead from shareholders to enforce a major re-organisation plan which includes increasing the company's shareholdings by a further 50 million ordinary shares. Full text...

  • World Bank to loan DRC 40 million dollars
    17 june 2001 18:58:00
    Kinshasa- DR Congo (PANA) -- A World Bank loan of 40 million US dollars is soon expected to be released for the repair of three roads in the Democratic Republic of Congo (DRC). Full text...

  • Tourists Flock to Zimbabwe for Solar Eclipse
    17 june 2001 14:07:00
    politically motivated violence- thousands of touri-sts from all over the world began flocking to Zimbabwe at the weekend to witness the solar eclipse Thursday. ) Full text...

  • Zimbabwe Labour Union Calls for Strike to Protest Fuel Hike
    17 june 2001 13:54:00
    Sunday called for a two-day general strike in July- to protest against last week's 70 percent hike in the price of fuel. ) Full text...

  • British Airways suspends Abidjan-London flights
    16 june 2001 19:39:00
    Abidjan- Cote d'Ivoire (PANA) -- British Airways decided to suspend its traditional summer-end flights between Abidjan and London, with effect from 27 October 2001, the airline's representative said in Abidjan Friday. Full text...

  • Sudan's once buoyant railway company goes moribund
    16 june 2001 18:27:00
    Khartoum- Sudan (PANA) -- Once the pride of the country's transport industry, Sudan Railways (SR) is feared on the brink of collapse. Full text...

  • Morocco records drop in sea food exports
    16 june 2001 17:48:00
    Rabat- Morocco (PANA) -- Moroccan seafood exports fetched 232 million dollars during the period January-April 2001, down from 338 million during the same period last year, hence a 31 percent decline. Full text...

  • Egyptian industrialists visit Sudan
    16 june 2001 17:32:00
    Khartoum- Sudan (PANA) -- A high-level Egyptian delegation including a number of the directors of industrial and commercial holding companies, is in Khartoum at the invitation of Sudanese minister of Industry and Investment Jalal Yousif Al-Degair. Full text...

  • Glimmer of hope for Burkinabe industries
    16 june 2001 17:20:00
    Ouagadougou- Burkina Faso (PANA) -- In what looked early fall-outs from a forum organised to market investment opportunities in Burkina Faso, sources Friday spoke of planned joint ventures between Burkinabe companies and private as well public foreign partners. Full text...

  • Cote d'Ivoire gets 14.3 billion cfa for rural power supply
    16 june 2001 10:46:00
    Abidjan- Cote d'Ivoire (PANA) -- Some 250,000 people in 100 villages of Cote d'Ivoire will have electricity in the next 18 months through a state initiative called "Clemessy Project," named after the French company in charge of implementing it. Full text...

  • Cote d'Ivoire gets 14.3 billion cfa for rural power supply
    16 june 2001 10:46:00
    Abidjan- Cote d'Ivoire (PANA) -- Some 250,000 people in 100 villages of Cote d'Ivoire will have electricity in the next 18 months through a state initiative called "Clemessy Project," named after the French company in charge of implementing it. Full text...

  • Mozambique increases fuel prices
    15 june 2001 23:06:00
    Maputo- Mozambique (PANA) -- The continued depreciation of the Mozambican currency, the metical, against the US dollar, has forced a further rise in the prices of imported liquid fuel in Mozambique. Full text...

  • Ivorian authorities to build 3rd bridge in Abidjan
    15 june 2001 22:35:00
    Abidjan- Cote d'Ivoire (PANA) -- Construction work on a third bridge in Abidjan, stopped shortly before the military coup of December 1999, would resume next year, official sources say. Full text...

  • Cigarettes prices go up in Mauritius
    15 june 2001 22:05:00
    Port Louis- Mauritius (PANA) -- The price of cigarettes has risen in Mauritius following a government decision to restructure taxes on such products. Full text...

  • Botswana motor plant to be re-auctioned
    15 june 2001 22:04:00
    Gaborone- Botswana (PANA) -- State-of-the-art Hyundai motor vehicle assembly plant in Gaborone will be re-auctioned in September after initial buyers failed to pay the original bid. Full text...

  • Mali to grant private operator licence
    15 june 2001 21:47:00
    Bamako- Mali (PANA) -- The Malian government has indicated it plans to make a call to tender for a private telecommunication operator's licence. Full text...

  • Cape Verde moves to boost tourism
    15 june 2001 21:34:00
    Praia- Cape Verde (PANA) -- Identified as a priority in its 4th National Development Plan running 1997-2001, the government of Cape Verde is seeking to transform the former Portuguese colony into a tourist attraction. Full text...

  • Japanese debt relief to Botswana hits 99 million pula
    15 june 2001 21:32:00
    Gaborone- Botswana (PANA) -- The total debt relief granted to Botswana by the Japanese government has reached 99. Full text...

  • Ministers warns that Mali risks recession
    15 june 2001 20:35:00
    Bamako- Mali (PANA) -- Mali may experience an economic recession this year, according to Economy and Finance Minister Bakari Kone. Full text...

  • GSE still bearish
    15 june 2001 19:58:00
    Accra- Ghana (PANA) -- The All-Share Index of the Ghana Stock Exchange (GSE) appreciated 2. Full text...

  • Sugar cane harvest starts in Mauritius
    15 june 2001 16:21:00
    Port Louis- Mauritius (PANA) -- Sugar cane harvesting started Thursday in the Saint Felix sugar plantation, south of Mauritius, where the first crop was delivered to the factory early Friday. Full text...

  • Wade denounces mismanagement at Air Afrique
    15 june 2001 15:53:00
    Dakar- Senegal (PANA) -- Senegalese President Abdoulaye Wade has accused the former boss of Air Afrique, Frenchman Yves- Rolland Billecart of mismanaging the eleven-nation-owned company. Full text...

  • Nigeria's power monopoly fires directors
    15 june 2001 15:51:00
    Lagos- Nigeria (PANA) -- Nigeria's state-owned power monopoly, NEPA, has fired five executive directors in an effort to enhance its performance. Full text...

  • Kwacha Takes A Further Tumble
    15 june 2001 14:11:00
    Lusaka- Zambia (PANA) -- Zambia's central bank has raised the statutory reserve ratio by 2. Full text...

  • Boost to economy after interest rate cut
    15 june 2001 10:31:00
    Cape Town- South Africa (PANA) -- In a major boost for the South African economy, all leading banks on Thursday night announced they would reduce some of their lending rates after the South African Reserve Bank's (SARB) said it would drop the repo rate by 1 percent effective Friday. Full text...

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