Economy -
  • NSE Daily Equities Trading
    04 july 2001 16:56:00
    Lagos- Nigeria (PANA) -- Following is the daily Equities trading at the Nigeria Stock Exchange for Wednesday, 4 July 2001. Full text...

  • Central bank moves to rescue unstable Liberian dollar
    04 july 2001 16:15:00
    Monrovia- Liberia (PANA) -- With about two months into the UN sanctions regime, the free fall of the Liberian dollar has drawn the Central Bank into a rescue mission. Full text...

  • MPs asked to repay millions of stolen funds
    04 july 2001 16:01:00
    Blantyre- Malawi (PANA) -- The chairman of the public accounts committee of parliament, Peter Chiwona, has asked the Malawi government to recover millions of dollars his fellow MPs stole from the education ministry through fraudulent deals. Full text...

  • All set for Namibia's economist business forum
    04 july 2001 15:08:00
    Windhoek- Namibia (PANA) -- Namibia's third Economist Business Forum will run from 31 July to 1 August, Namibia Economist editor Daniel Steinmann said Wednesday. Full text...

  • Central bank records 51-billion naira surplus
    04 july 2001 14:00:00
    Lagos- Nigeria (PANA) -- Nigeria's Central Bank recorded a surplus of 51 billion naira from its financial operations in 2000, the local media quoting a report released by the bank reported Wednesday (110 naira =1 USD). Full text...

  • African Union holds brighter economic future for continent
    04 july 2001 13:23:00
    Lusaka- Zambia (PANA) -- The African Union, which African leaders are expected to formally launch next week at their 37th summit in Lusaka, holds out brighter prospects for economic revival and growth, affirms OAU Assistant Secretary-General in charge of economic affairs Ambassador Vijay Makhan. Full text...

  • Fuel prices drop five cents in South Africa
    04 july 2001 11:28:00
    Cape Town- South Africa (PANA) -- South African consumers received a welcome relief on Wednesday when the price of petrol dropped by five cents a litre, and the cost of illuminating paraffin by four cents. Full text...

  • South African transport officials visit the Netherlands
    04 july 2001 10:30:00
    Cape Town- South Africa (PANA) -- South Africa's Transport minister Dullah Omar, all provincial transport local ministers and a top-level delegation from the transport industry are in the Netherlands for a four-day economic exploration. Full text...

  • Sixteen companies eye Nigeria's giant telecom outfit
    04 july 2001 09:36:00
    Lagos- Nigeria (PANA) -- Sixteen companies, four of them local, have expressed interest in acquiring Nigeria's telecommunications giant, NITEL, as its privatisation process formally takes off. Full text...

  • Botswana moves to reduce tax burden
    04 july 2001 08:37:00
    Gaborone- Botswana (PANA) -- The Botswana government has embarked on wide ranging fiscal reforms to reduce the country's overall tax burden and to strengthen revenue collection. Full text...

  • World Bank approves 126.52 million dollars for Uganda
    03 july 2001 23:27:00
    Dakar- Senegal (PANA) -- Uganda is to get a loan of 126. Full text...

  • Donors pledge $240 million in project funding for DRC
    03 july 2001 21:00:00
    Paris- France (PANA) -- Donors ended a World Bank information meeting on DR Congo Tuesday in Paris pledging 240 million US dollars to support economic reconstruction projects in the war- torn country. Full text...

  • Govt team looks into viability of Air Namibia
    03 july 2001 20:46:00
    Windhoek- Namibia (PANA) -- The government of Namibia has formed a team of officials to explore ways of salvaging the debt-ridden state-owned Air Namibia. Full text...

  • Home Finance Company gains push All-Share index up
    03 july 2001 19:57:00
    Accra- Ghana (PANA) -- Home Finance Company (HFC) made a two- cedi gain to push the GSE All-Share Index, the key gauge of the Accra bourse, up a slim 0. Full text...

  • NSE Daily Equities Trading
    03 july 2001 19:49:00
    Lagos- Nigeria (PANA) -- A total of 28. Full text...

  • Lebanon to host 5th Afro-Arab trade fair
    03 july 2001 19:43:00
    Lusaka- Zambia (PANA) -- The 5th Afro-Arab trade fair will be held in Tripoli, Lebanon from 6 to 14 October, the OAU Secretariat has announced in Lusaka, Zambia. Full text...

  • Reviving Afro-Arab cooperation
    03 july 2001 19:34:00
    Lusaka- Zambia (PANA) -- A new era of Afro-Arab cooperation has dawned, OAU Secretary General Salim Ahmed Salim says in a report presented at the 13th ordinary session of the committee of ambassadors in Lusaka, Zambia. Full text...

  • British Airways to increase African destinations
    03 july 2001 17:26:00
    Nairobi- Kenya (PANA) -- British Airways is to increase the number of destinations in its Africa network, company officials have announced. Full text...

  • Guinness makes to step up operations in Africa
    03 july 2001 16:50:00
    Nairobi- Kenya (PANA) -- Guinness UDV, a South African arm of Guinness Plc wants to invest 260 million pound sterling (about 367. Full text...

  • IMF grants Burkina Faso 5.5 billion francs CFA
    03 july 2001 16:41:00
    Ouagadougou- Burkina Faso (PANA) -- The IMF has disbursed 5. Full text...

  • South African trade unions support Zimbabwe strike
    03 july 2001 16:37:00
    Cape Town- South Africa (PANA) -- The Congress of South African Trade Unions (COSATU) has expressed its support for a two-day national stay-away called by the Zimbabwe Congress of Trade Unions (ZCTU) in protest against the government's decision to raise fuel prices by an average of 70 percent. Full text...

  • Congo caves in under IMF pressure
    03 july 2001 16:02:00
    Brazzaville- Congo (PANA) -- At the behest of the IMF, the Congolese government has at length accepted to sign an agreement defining relations between the State and the National Oil Company (SNPC), Brazzaville sources said. Full text...

  • Ethiopian coffee exporter suffers heavy loss
    03 july 2001 15:07:00
    Addis Ababa- Ethiopia (PANA) -- An Ethiopian Coffee Exporter has reported a loss of more than 3. Full text...

  • Spescom announces new appointments
    03 july 2001 14:35:00
    Cape Town- South Africa (PANA) -- The Johannesburg Securities Exchange-listed information and communications technology specialists, Spescom Limited, Tuesday announced that Bill Weber has been appointed chief executive officer and board director of Altris Software, its USA subsidiary. Full text...

  • ACTT experts due in Kinshasa
    03 july 2001 14:01:00
    Kinshasa- DR Congo (PANA) -- Experts from the Transport and Transit Coordination Authority (ACTT) will be in Kinshasa 9-12 July for discussions with transport and communication companies on traffic along the 'Northern Corridor. Full text...

  • Regional office to co-ordinate Nile Basin Projects
    03 july 2001 11:56:00
    Addis Ababa- Ethiopia (PANA) -- Ethiopia, Egypt and Sudan have agreed to open a regional office in Addis Ababa to co-ordinate the Nile Development Projects, official sources said Tuesday. Full text...

  • Tea sales increase at Kenyan auction
    03 july 2001 10:46:00
    Nairobi- Kenya (PANA) -- Sales at the East African Tea Export Auctions in the Kenyan port city of Mombasa soared to 5,099,984 kilograms in 2001 up from 4,555,215 kilograms in 2000. Full text...

  • Soweto publication circulation raises to 240,000
    02 july 2001 23:51:00
    Cape Town- South Africa (PANA) -- Two hundred and forty thousand copies of a unique, national life skills publication are now being delivered to township dwellers in Gauteng, Western Cape, and KwaZulu-Natal. Full text...

  • Tanzania signs deal for coal-based power plant
    02 july 2001 22:50:00
    Dar es Salaam- Tanzania (PANA) -- An agreement was signed Monday between the Tanzania government and a consortium of foreign investors to construct a 400 megawatt coal-fueled electricity plant. Full text...

  • IMF team denounces customs fraud in Congo
    02 july 2001 22:35:00
    Brazzaville- Congo (PANA) -- Customs officials in Pointe- Noire, Congo's economic capital, misappropriated 75 percent of customs duties collected in the oil port city, according to experts from the International Monetary Fund (IMF). Full text...

  • Lack of discipline delays Tanzania's debt relief
    02 july 2001 21:50:00
    Dar es Salaam- Tanzania (PANA) -- Tanzania has a long way to go before it reaps the benefits of debt relief under the Highly Indebted Poor Countries (HIPC) initiative, the country's Prime Minister, Frederick Sumaye, has said. Full text...

  • Mauritius to privatise postal services
    02 july 2001 20:32:00
    Port Louis- Mauritius (PANA) -- Mauritian Telecommunications and Information Technology Minister Pradeep Jeeha has announced that postal services would soon be privatised. Full text...

  • Obasanjo insists on imports' inspection
    02 july 2001 19:49:00
    Lagos- Nigeria (PANA) -- Nigeria's President Olusegun Obasanjo says his administration will not rescind its decision to carry out 100 percent destination inspection of all imports into the country. Full text...

  • Fish exports earn Tanzania trade surplus with EU
    02 july 2001 19:09:00
    Dar es Salaam- Tanzania (PANA) -- For the first time in a decade Tanzania last year recorded a commodity trade surplus with the European Union. Full text...

  • NSE Daily Equities Trading
    02 july 2001 19:02:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigeria Stock Exchange for Monday, 2 July 2001: [ST] 1st Tier Securities Read against sector, name of Company and value of share AGRICULTURE Okomu Oil Palm Plc 9. Full text...

  • Brandy, Distill end 50-year partnership in South Africa
    02 july 2001 17:38:00
    Johannesburg- South Africa (PANA) -- South African brewery household names Brandy and Distill said Monday they were parting ways to pursue interests inimical to what paired them 50 years ago. Full text...

  • Nigeria Redeems 500 Million Naira Of External Debt
    02 july 2001 17:00:00
    Lagos- Nigeria (PANA) -- Nigeria redeemed 500 million naira from its 28-billion-US-dollar external debt through the debt conversion auction held at the Central Bank at the weekend, the local press reported Monday. Full text...

  • Cashew nut price on upswing in Guinea-Bissau
    02 july 2001 16:07:00
    Bissau- Guinea-Bissau (PANA) -- The price of cashew nut in Guinea-Bissau has shot up from 150 to 250 francs CFA per kg, official sources said. Full text...

  • Indian Ocean Commission gets new Secretary General
    30 june 2001 19:06:00
    Port-Louis- Mauritius (PANA) -- A new Secretary General is about to take charge of the Indian Ocean Commission (IOC), which groups the Comoros, Madagascar, Mauritius, Reunion and Seychelles. Full text...

  • South African oil firm investing more in Kenya
    30 june 2001 17:19:00
    Nairobi- Kenya (PANA) -- A South African oil firm, through its subsidiary Engen Kenya Limited, is to invest some 3. Full text...

  • South African oil firm stakes on Kenya
    30 june 2001 17:17:00
    Nairobi- Kenya (PANA) -- A South African oil firm, through its subsidiary, Engen Kenya Limited, is to invest approximately 3. Full text...

  • Mauritius raises bus fares by 16 percent from 1 July
    30 june 2001 16:38:00
    Port Louis- Mauritius (PANA) -- Mauritian Transport, Land and Shipping Minister, Anil Bachoo has announced a 16-percent rise in bus fares in the country with effect from 1 July. Full text...

  • Kenya to Restructure Its Power Sector
    30 june 2001 15:14:00
    Nairobi- Kenya (PANA) -- The Kenyan government has initiated policies to restructure the power sector, in a move directed at opening it up to private investment and competition. Full text...

  • Kwacha stabilises as hard currency hits the market
    30 june 2001 15:06:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha has gained fragile stability against the US dollar with the Central Bank dealing rate closing at 3675 units Saturday while in some bureaux de change adjustments were being done while customers transacted. Full text...

  • Belgian premier visits Kinshasa Saturday
    30 june 2001 14:55:00
    Kinshasa- DR Congo (PANA) -- Belgian Prime Minister Guy Verhofstadt and DR Congo authorities are Saturday expected to sign co-operation agreements worth 800 million Belgian francs (20 million US dollars). Full text...

  • Business community advised to produce for local market
    29 june 2001 21:07:00
    Windhoek- Namibia (PANA) -- Unless the Namibian business community abandoned its current practice of exporting raw materials and embarked on adding value to its products destined for international markets, the country would never make headway in this globalisation era, Trade and Industry Minister Hidipo Hamutenya warned Friday. Full text...

  • All-Share index inches up
    29 june 2001 20:57:00
    Accra- Ghana (PANA) -- The Ghana Stock Exchange (GSE) All-Share Index, made a slim 0. Full text...

  • Forum advocates "real" development for Africa
    29 june 2001 20:23:00
    Cotonou- Benin (PANA) -- Asserting that financial assistance has worked little good for Africa's development, a two-day forum in Cotonou, Benin under the aegis of the 'Millennium for Africa' project and the UN Development Programme (UNDP) has urged for an even more meaningful approach to forging "real" development on the continent. Full text...

  • Zambian civil servants hold fast to strike action
    29 june 2001 19:32:00
    Lusaka- Zambia (PANA) -- A month since going on strike, civil servants in Zambia remain adamant in their push for a 70 per cent salary hike. Full text...

  • Loss-making Air Namibia retrenches senior managers
    29 june 2001 17:45:00
    Windhoek- Namibia (PANA) -- Namibia's loss-making national airline will go through a drastic restructuring process in which 11 senior managers are listed for retrenchment, it was officially announced Friday. Full text...

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