Economy -
  • Motor suppliers improve relations with clients
    17 july 2001 09:26:00
    Cape Town- South Africa (PANA) -- Over the last six years, South African motor vehicle suppliers have greatly improved their services to their dealers and customers, according to the latest independent study of dealer satisfaction released Monday. Full text...

  • GSE Index back to modest volume Monday
    16 july 2001 20:11:00
    Accra- Ghana (PANA) -- After closing at a record 3. Full text...

  • Tourists desert beaches in Kabylie
    16 july 2001 20:07:00
    Algiers- Algeria (PANA) -- Tourists have deserted beaches and cancelled hotel bookings in the troubled Algerian region of Kabylie, where bloody protests have occurred over the past few months. Full text...

  • NSE Daily Trading Summary
    16 july 2001 18:53:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigerian Stock Exchange for Monday, 16 July 2001. Full text...

  • France increases imports from Kenya
    16 july 2001 17:53:00
    Nairobi- Kenya (PANA) -- French imports from Kenya have gone up 17 percent since the beginning of the year, thus making the East African nation one of France's largest trading partners on the continent. Full text...

  • Kenya Stock Exchange off to a sluggish start this week
    16 july 2001 17:13:00
    Nairobi- Kenya (PANA) -- The Nairobi Stock Exchange began the week on a sluggish note Monday, dealing 97,000 shares as compared to 332,000 recorded last Friday. Full text...

  • China challenged to increase imports from Kenya
    16 july 2001 17:05:00
    Nairobi- Kenya (PANA) -- Kenya is insisting that China reduce the existing trade imbalance between them by increasing and diversifying its imports from the East African country. Full text...

  • Air Namibia battles for survival
    16 july 2001 14:01:00
    Windhoek- Namibia (PANA) -- Even in advanced countries such as the US and Britain, airline business has been and is still unpredictable. Full text...

  • Giant dam project in the pipeline for Ethiopia
    16 july 2001 13:59:00
    Addis Ababa- Ethiopia (PANA) -- The Addis Ababa Water and Sewerage Authority (AAWSA) has hinted of plans to build a major dam in north of the Ethiopian capital. Full text...

  • Landmark AGM for South Africa, Israel Chamber of Commerce
    16 july 2001 12:25:00
    Cape Town- South Africa (PANA) -- The South Africa/Israel Chamber of Commerce (SAICC) will Wednesday host a landmark annual general meeting in Johannesburg during which participants will transform the body into a global networking services organisation serving all South Africans. Full text...

  • Refineries shut down after explosion
    15 july 2001 20:00:00
    Lagos- Nigeria (PANA) -- The first major crude oil pipeline vandalism has occurred at Kpokpo Creek, Escravos, in Nigeria's oil-rich Niger Delta region, leading to the shutdown of two of the countries four oil refineries, the News Agency of Nigeria reported Sunday. Full text...

  • ADF approves over 40 million US dollar loan for Ethiopia
    15 july 2001 19:51:00
    Addis Ababa- Ethiopia (PANA) -- African Development Fund approved a loan of 42. Full text...

  • Kenya proposes amnesty for corruption
    14 july 2001 17:00:00
    Nairobi- Kenya (PANA) -- The Kenyan government has proposed a Bill in parliament to grant amnesty to those who committed economic crimes before December 1997, according to Attorney-General, Amos Wako. Full text...

  • Nigeria's weekly equities trading index declines
    14 july 2001 16:25:00
    Lagos- Nigeria (PANA) -- Trading in Nigerian Stock Exchange (NSE) equities this week declined as a total of 89. Full text...

  • Roads corporation is to be sold
    14 july 2001 11:30:00
    Khartoum- Sudan (PANA) -- Sudan has decided to turn the state-owned Roads and Bridges Public Corporation into a private company. Full text...

  • Mozambican customs make big seizures
    13 july 2001 21:50:00
    Maputo- Mozambique (PANA) -- Mobile anti-smuggling teams from the Mozambican customs service last month made 30 seizures along the road from the South African border to Maputo in the week running 11-17 June, a Customs release said Friday. Full text...

  • Accra bourse Index still modest
    13 july 2001 21:44:00
    Accra- Ghana (PANA) -- Traded volumes at the Ghana Stock Exchange (GSE) rallied on Friday, lifting transactions to 3. Full text...

  • South African rail company sabotaging Maputo port - Report
    13 july 2001 21:33:00
    Maputo- Mozambique (PANA) -- The South African rail company Spoornet is sabotaging the Mozambican economy by discouraging South African exporters from using the port of Maputo, according to a report in Friday's issue of the independent newsheet "Metical. Full text...

  • NSE Equities trading
    13 july 2001 19:28:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigerian Stock Exchange for Friday, 13 July 2001. Full text...

  • Namibian government raises fuel prices
    13 july 2001 19:12:00
    Windhoek- Namibia (PANA) -- The Namibian government has raised the prices of various grades of fuel, effective beginning next Tuesday, 17 July. Full text...

  • Toyota South Africa delists on share buy-back
    13 july 2001 17:23:00
    Cape Town- South Africa (PANA) -- Toyota South Africa delisted from the Johannesburg Stock Exchange on Friday after the High Court of South Africa this week sanctioned a scheme whereby the company would buy back more than nine million shares, or 22. Full text...

  • Experts propose microcredit bank for small entrepreneurs
    13 july 2001 17:04:00
    Bamako- Mali (PANA) -- Managers of finance houses in the West African Economic and Monetary Union (UEMOA) have proposed creation of a regional microcredit bank to fight poverty. Full text...

  • African ministers agree on cooperation mechanism with China
    13 july 2001 15:36:00
    Lusaka- Zambia (PANA) -- Stepping up trade between China and Africa was at the centre of a one-day ministerial consultation held at the heels of the 37th OAU summit in Lusaka. Full text...

  • Tunisia, Lebanon strengthen ties
    12 july 2001 23:32:00
    Tunis- Tunisia (PANA) -- Visiting Lebanese President Emile Lahoud and President Zine el Abidine Ben Ali of Tunisia Thursday resolved to step up economic ties through the promotion of investment partnerships between their two countries. Full text...

  • Sudan suggests independent probe on oil allegations
    12 july 2001 20:33:00
    Nairobi- Kenya (PANA) -- The Sudanese government Thursday challenged the Inter-Governmental Authority on Development (IGAD) to investigate allegations that it was, in its search for oil, killing and displacing people in southern part of the country. Full text...

  • Zanzibar scouts for new tourism markets
    12 july 2001 19:25:00
    Dar es Salaam- Tanzania (PANA) -- The Zanzibar government has launched a new promotional drive to lure tourists from the Middle East, Latin America and the Fast East. Full text...

  • Legislators blame Asians for sabotaging African traders
    12 july 2001 18:55:00
    Nairobi- Kenya (PANA) -- A Kenyan Deputy Minister in the Office of the President, William Rutto, has promised the country's MPs that the government would examine the possible involvement of Asians in the fires that gutted millions of shillings worth of goods owned by African traders in five separate incidents last year. Full text...

  • NSE Daily Trading Summary
    12 july 2001 17:33:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigerian Stock Exchange for Thursday. Full text...

  • Electricity costs rise by 5 percent in Mali
    12 july 2001 16:51:00
    Bamako- Mali (PANA) -- A 5-percent rise in the cost of electricity has taken effect in Mali since Wednesday. Full text...

  • Higher food prices raise inflation
    12 july 2001 16:45:00
    Niamey- Niger (PANA) -- Niger's consumer price index rose by 1. Full text...

  • About 400 million CFA F missing from Bissau treasury
    12 july 2001 15:54:00
    Bissau- Guinea Bissau (PANA) -- About 400 million F CFA has disappeared from the treasury in Guinea Bissau, reports the Bissau paper "Diario" Thursday. Full text...

  • Tanzania to launch biggest gold mine next week
    12 july 2001 13:29:00
    Dar es Salaam- Tanzania (PANA) -- Tanzania will next Wednesday inaugurate its largest gold mine, the chairman of the Tanzania Chamber of Mines, Samuel Lwakatare said. Full text...

  • Senate, House of Reps. resolve differences
    12 july 2001 12:21:00
    Lagos- Nigeria (PANA) -- Nigeria's two legislative chambers have resolved their differences over the country's supplementary appropriation bill, with both sides approving the 146 billion naira estimates and the purchase of a 5. Full text...

  • Nigeria, Siemens sign switching contract
    12 july 2001 11:03:00
    Lagos- Nigeria (PANA) -- Nigeria's state-owned telecommunications giant NITEL and telecommunications equipment company, Siemens, have signed a 6. Full text...

  • British American Tobacco records profit decline
    12 july 2001 10:42:00
    Nairobi- Kenya (PANA) -- Kenya's leading cigarette manufacturer, British American Tobacco (BAT), said it recorded a six-percent profit decline in the first half of 2001, ending 30 June. Full text...

  • Egyptian firm wins bid for Algeria's second GSM operation
    11 july 2001 23:50:00
    Algiers- Algeria (PANA) -- Egyptian company, Orascom telecom, has been granted a provisional offer to operate Algeria's second GSM mobile telephone network after Tuesday's auction. Full text...

  • Morocco gets 77 million-dollar loan from European Bank
    11 july 2001 23:36:00
    Rabat- Morocco (PANA) -- The European Investment Bank has granted Morocco a loan of 77 million US dollars to help finance a power project, it was officially announced in Rabat Wednesday. Full text...

  • Objectives and programme of the "New African Initiative"
    11 july 2001 22:22:00
    Lusaka- Zambia (PANA) -- Two recently floated development blueprints including the Omega Plan of Senegalese President Abdoulaye Wade and the Millennium African renaissance Programme (MAP) of Presidents Thabo Mbeki of South Africa, Olusegun Obasanjo of Nigeria and Abdelaziz Bouteflika of Algeria have finally been merged. Full text...

  • China writes off part of Mozambique's debt
    11 july 2001 20:47:00
    Maputo- Mozambique (PANA) -- China has written off 22 million US dollars of Mozambique's debt, according to a press release from the Mozambican Finance Ministry received Wednesday. Full text...

  • NSE equities trading appreciates
    11 july 2001 20:42:00
    Lagos- Nigeria (PANA) -- Equities trading at the Nigerian Stock Exchange (NSE) was upbeat Wednesday with a total of 14. Full text...

  • Labour ministry drafts programme on AIDS
    11 july 2001 20:34:00
    Maputo- Mozambique (PANA) -- The Mozambican government has submitted to the International Labour Organisation (ILO) a project proposal to fight against AIDS in the country's productive sector, according to Labour Minister Mario Sevene. Full text...

  • Cape Verde Parliament approves 2001 national budget
    11 july 2001 20:20:00
    Praia- Cape Verde (PANA) -- Notwithstanding objection from the opposition, Parliament in Cape Verde this week adopted the country's 2001 budget thanks to MPs of the ruling African Party for the Independence of Cape Verde (PAICV). Full text...

  • US worried over Kenya/Sudan oil deal
    11 july 2001 19:36:00
    Nairobi- Kenya (PANA) -- The Kenyan government's plan to source oil supplies from the Sudan has put the country's relations with the US under the microscope, the People daily reported Wednesday. Full text...

  • Mali gets 246 billion CFA francs grant from EU
    11 july 2001 19:23:00
    Bamako- Mali (PANA) -- The European Union has granted Mali 246 billion CFA francs to finance various development projects, official sources said in Bamako Wednesday. Full text...

  • Nigerian States lose round one of resource control suit
    11 july 2001 19:14:00
    Abuja- Nigeria (PANA) -- Nigerian Supreme Court in a 6-1 ruling Wednesday said it had jurisdiction to entertain the suit on resource control instituted by the federal government against the country's 36 States of the federation. Full text...

  • Nigeria-Taiwan trade grows
    11 july 2001 18:30:00
    Lagos- Nigeria (PANA) -- The volume of trade between Nigeria and Taiwan grew by 37. Full text...

  • Wade says New African Initiative is no wild dream
    11 july 2001 17:41:00
    Lusaka- Zambia (PANA) -- One of the very first projects contained in the "New African Initiative", the plan that emanated from the merger of the OMEGA and the MAP plans, could be launched as early as next March, Senegalese President Abdoulaye Wade said in Lusaka. Full text...

  • Ethiopia reduces defence budget
    11 july 2001 14:51:00
    Addis Ababa- Ethiopia (PANA) -- Ethiopia has drastically reduced its defence budget after the end of its two-year border war with Eritrea. Full text...

  • Portugal loans Cape Verde 16.4 billion euro
    11 july 2001 14:38:00
    Praia- Cape Verde (PANA) -- The Portuguese government has given 16. Full text...

  • Tanzania secures cashew nut market in the Far East
    11 july 2001 13:00:00
    Dar es Salaam- Tanzania (PANA) -- Tanzania will export 9,000 tonnes of unprocessed cashew nuts in July to three Far East countries after securing a guaranteed market, a senior official of the Tanzania Cashewnut Board (TCB) said Wednesday. Full text...

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