Economy -
  • Sudan gets 10 million-dollar OPEC loan
    22 may 2001 20:36:00
    Khartoum- Sudan (PANA) -- Sudan has obtained a loan of 10 million U. Full text...

  • UAE lifts ban on Sudanese livestock
    22 may 2001 19:58:00
    Khartoum- Sudan (PANA) -- The United Arab Emirates (UAE) has lifted its ban on livestock imports from Sudan, Mohammed Salih Jabalabi, under-secretary of animal resources announced Tuesday in Khartoum. Full text...

  • Tobacco production rising in Tete
    22 may 2001 19:48:00
    Maputo- Mozambique (PANA) -- The director general General Director of the Zambezi Development Planning Office (GPZ), Sergio Vieira, has expressed hopes that tobacco leaf production in the western Mozambican province of Tete would reach 10,000 tonnes in the 2001 crop season. Full text...

  • Connoisseur extols Namibia's cottage jewel industry
    22 may 2001 17:09:00
    Windhoek- Namibia (PANA) -- An American observer has acknowledged Namibia's small-time jewel sector as not only well established but also of high standards and rapidly growing. Full text...

  • Privatisation puts 357 million dollars into state coffers
    22 may 2001 16:26:00
    Addis Ababa- Ethiopia (PANA) -- Ethiopia's privatisation agency has sold over 3 billion birr (over 357 million US dollars) by selling 200 state-owned businesses nationalised by the Marxist military regime of former dictator Mengistu Haile Mariam, the official press reported Tuesday. Full text...

  • South African company increases shareholding in Zambia
    22 may 2001 16:10:00
    Lusaka- Zambia (PANA) -- The giant South African sugar manufacturing company, Illovo Sugar Limited, has wrestled a substantial amount of shares from minority shareholders to hoist its total volume to more than 89 percent of the shareholding in Zambia Sugar Plc. Full text...

  • Travelex chairman arrives in South Africa
    22 may 2001 15:33:00
    Cape Town- South Africa (PANA) -- Lloyd Dorfman, chairman and chief executive of the largest non-bank foreign exchange business in the world, Travelex, who are the new owners of Thomas Cook Global and Financial Services (TCGFS), is in South Africa on a three-day official visit. Full text...

  • Tourism expert predicts boom in sub-Saharan Africa
    22 may 2001 15:04:00
    Cape Town- South Africa (PANA) -- Lorig Yekhpairian, vice president for travel industry relations of the American Express, said turnover from tourism is expected to almost double in sub- Saharan Africa over the next decade. Full text...

  • Zimbabwe farmers finally deliver tobacco to market
    22 may 2001 14:55:00
    HARARE- Zimbabwe (PANA) -- Zimbabwean tobacco farmers, faced with a stubborn government's refusal to to devalue the local currency, have broken their sales boycott and begun delivering the crop to auction floors, industry executives said on Tuesday. Full text...

  • Trading upbeat Tuesday at Lusaka Stock Exchange
    22 may 2001 14:05:00
    Lusaka- Zambia (PANA) -- The benchmark Lusaka Stock Exchange all share index was 157 points higher at the resumption of trading Tuesday, after shares in some companies appreciated in value. Full text...

  • Small investors hunt for fortunes on stock market
    22 may 2001 13:37:00
    Harare- Zimbabwe (PANA) -- At first glance, Jennifer Zacharia passes for an ordinary vegetable vendor solely eking out a living from selling an assortment of fresh foods in central Harare, Zimbabwe's capital. Full text...

  • Namibian gemstone traders, jewellers target US market
    22 may 2001 11:58:00
    Windhoek- Namibia (PANA) -- A workshop is underway in Windhoek by manufacturers and traders of gemstones and jewellery in Namibia, to the assess market structure and channels of distribution for the prized products, the Namibia Chamber of Commerce said. Full text...

  • Namibian gemstone traders, jewellers target US market
    22 may 2001 11:57:00
    Windhoek- Namibia (NAMPA) -- A workshop is underway in Windhoek by manufacturers and traders of gemstones and jewellery in Namibia, to the assess market structure and channels of distribution for the prized products, the Namibia Chamber of Commerce said. Full text...

  • Kenyan Bourse in major plunge
    22 may 2001 10:34:00
    Nairobi- Kenya (PANA) -- Trading at Kenya's Nairobi Stock Exchange (NSE) slumped to an all-time low in April 2001, with the All-share Index declining to below 1,800 mark. Full text...

  • COMESA Small-scale enterprises form Association
    22 may 2001 08:38:00
    Windhoek- Namibia (PANA) -- Entrepreneurs from the Common Market for Eastern and Southern Africa (COMESA), have launched a Small- and Medium-scale Enterprises Association (COSMEA). Full text...

  • ADB grants relief package to Mozambique
    21 may 2001 22:23:00
    Abidjan- Côte d'Ivoire (PANA) -- The Board of Directors of the African Development Bank approved Monday a humanitarian emergency relief aid of 500,000 dollars to support victims of the recent floods in Mozambique. Full text...

  • Cote d'Ivoire Owes ADB 25 billion F CFA
    21 may 2001 21:53:00
    Abidjan- Cote d'Ivoire (PANA) -- Cote d'Ivoire owes 37 million US dollars in debt arrears to the African Development Bank (ADB). Full text...

  • ADB approves 500,000 dollars for Mozambique flood victims
    21 may 2001 21:25:00
    Dakar- Senegal (PANA) -- The African Development Bank (ADB) Monday approved a grant of 500,000 US dollars to finance the humanitarian emergency relief support for the victims of the floods that affected in Mozambique. Full text...

  • OECD countries agree to increase aid to LDCs
    21 may 2001 21:12:00
    Brussels- Belgium (PANA) -- Least Developed Countries (LDCs) concluded a UN organised conference in Brussels Sunday after adopting a programme of action whose goal is to improve their lot during the 2001-2010 decade. Full text...

  • ADB approves 500,000 dollars for Malawi flood victims
    21 may 2001 21:09:00
    Dakar- Senegal (PANA) -- The African Development Bank Monday approved a grant of 500,000 US dollars to finance humanitarian emergency relief support for victims of the floods that affected Malawi this year. Full text...

  • Accra bourse index inches up again
    21 may 2001 20:35:00
    Accra- Ghana (PANA) -- The benchmark Ghana Stock Exchange All-Share Index gained 0. Full text...

  • Mauritania gets 30 million-US-dollar ADB loan
    21 may 2001 17:19:00
    Dakar- Senegal (PANA) -- The Board of Directors of the African Development Bank (ADB), has approved a loan of 22. Full text...

  • Kenya Airways monopolises Nairobi freight services
    21 may 2001 16:36:00
    Nairobi- Kenya (PANA) -- Negotiations are almost complete for Kenya Airways (KQ) to acquire African Cargo Handling Services Limited (ACHL), its major competitor in ground aircraft and cargo handling at Nairobi's Jomo Kenyatta international airport (JKIA). Full text...

  • Zambian Kwacha depreciates further
    21 may 2001 15:53:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha dipped further Monday, although analysts predicted that it could stabilise later in the week when the supply of hard currency is expected to improve. Full text...

  • Zimbabwean company bids for shares in COMESA's COMTEL
    21 may 2001 14:14:00
    Lusaka- Zambia (PANA) -- TeleAccess of Zimbabwe is bidding for 30 percent of the shares in COMTEL Communications Company Limited, an outfit that plans to build and operate a regional network to cover 20 member states of the Common Market for Eastern and Southern Africa (COMESA). Full text...

  • Enticed by tax cuts, Zimbabweans turn to pedal power
    21 may 2001 07:22:00
    Harare- Zimbabwe (PANA) -- Enticed by tax cuts, more and more Zimbabweans are turning to bicycles to escape rising transport costs which have been worsened by frequent fuel shortages in the country. Full text...

  • Kenyatta International Airport gets facelift
    20 may 2001 10:49:00
    Nairobi- Kenya (PANA) -- Kenya Airways says it is spending some 200 million Kenya shillings (about 2. Full text...

  • China invests 173 million rupees in Mauritian seaport
    20 may 2001 10:31:00
    Port Louis- Mauritius (PANA) -- The Shenzhen Shenfubao Group of China has signed a Memorandum of Understanding with the Mauritius port Authority to construct a Freeport House and carry out other operations under an investment package of 173 million rupees (about 6 million US dollars). Full text...

  • EU resumes financial co-operation with Congo
    19 may 2001 11:49:00
    Brussels- Belgium (PANA) -- The European Union (EU) has granted the Republic of Congo 41. Full text...

  • Mozambique and steel firm sign implementation agreement
    19 may 2001 09:22:00
    Maputo- Mozambique (PANA) -- The Mozambican government and the US corporation Enron have signed an implementation agreement for the Maputo Iron and Steel Project (MISP). Full text...

  • World Bank denies opposing intervention in Austral Bank
    18 may 2001 23:41:00
    Maputo- Mozambique (PANA) -- The World Bank has denied that it opposed the Mozambican state's intervention in the country's third largest commercial bank, the Austral Bank, in early April when private shareholders, unwilling or unable to re-capitalise the bank, pulled out. Full text...

  • PM Mocumbi calls for responsible use of fisheries
    18 may 2001 23:32:00
    Maputo- Mozambique (PANA) -- Mozambican Prime Minister Pascoal Mocumbi Friday called for the "responsible exploitation" of marine resources available in the Southern African Development Community (SADC) for the benefit of all member countries. Full text...

  • DR Congo, IMF agree on transitional reform programme
    18 may 2001 23:30:00
    Kinshasa- DR Congo (PANA) -- DR Congo authorities and the IMF have agreed on an enhanced transitional programme of at least one year including a set of measures to attenuate the degradation of the country's economy. Full text...

  • Faulty wiring paralyses banking system
    18 may 2001 22:05:00
    Gaborone- Botswana (PANA) -- The Botswana banking system was paralysed Friday by a serious telecommunication breakdown that caught bankers and thousands of customers completely unawares. Full text...

  • Mauritius plans 50 billion rupees investment
    18 may 2001 21:38:00
    Port Louis- Mauritius (PANA) -- The Mauritian government Friday announced plans to invest 50 billion rupees for the improvement of public infrastructure during the next five years. Full text...

  • Hunt lands Togolese oil exploration deal
    18 may 2001 21:24:00
    Lome- Togo (PANA) -- Togo had signed an agreement with an American company, Hunt, for the latter to explore for oil off the Togolese coast. Full text...

  • Accra Bourse Index in modest gain
    18 may 2001 21:13:00
    Accra- Ghana (PANA) -- Share prices finished higher on the Ghana Stock Exchange Friday, with the benchmark GSE All-Share Index gaining 1. Full text...

  • Zambia-Zimbabwe Trade Dispute Taken to COMESA Summit
    18 may 2001 17:10:00
    Lusaka- Zambia (PANA) -- Unorthodox trade tactics applied by Zimbabwe have led manufacturers in neighbouring Zambia to look for new ways of keeping their industries on stream. Full text...

  • Zimbabwe cotton farmers smile to bank
    18 may 2001 15:50:00
    Muzarabani- Zimbabwe (PANA) -- Zimbabwean peasant cotton farmers are smiling all the way to the bank in the aftermath of a bitter price war that erupted last week between rival marketing companies vying for their crop. Full text...

  • Zambian kwacha slides down
    18 may 2001 14:01:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha Thursday lost ground against the US dollar, sliding to a marginal dealing rate of 3,340 units from 3,315 units the previous day. Full text...

  • Giant boost for South African economy
    18 may 2001 13:11:00
    Cape Town- South Africa (PANA) -- The South African economy received a giant boost Friday after minority shareholders of diamond miner De Beers accepted a 18. Full text...

  • SIN-SAD signs co-operation agreement with FAO
    18 may 2001 12:29:00
    Tunis- Tunisia (PANA) -- The Community of Sahelo-Saharan States (SIN-SAD) and the UN Food and Agriculture Organisation have signed a co-operation agreement aimed at promoting food security. Full text...

  • Libya finances three projects in Niger
    17 may 2001 21:54:00
    Niamey- Niger (PANA) -- Libya is to finance three projects of over 6. Full text...

  • OECD to untie aid to least developed countries
    17 may 2001 21:00:00
    Paris- France (PANA) -- An agreement reached by member states of the Overseas Economic Co-operation and Development (OECD) to untie aid to the least developed countries would give the LDCs greater ownership of their development process, according to a senior OECD official. Full text...

  • Kenya declares war on cheap imports
    17 may 2001 20:24:00
    Nairobi- Kenya (PANA) -- The Kenya Revenue Authority (KRA) has said it would impound, destroy or ship back all goods that do not meet standards specified by the Kenya Bureau of Standards (KEBS). Full text...

  • Kenya's GDP in massive decline
    17 may 2001 20:05:00
    Nairobi- Kenya (PANA) -- The Central Bank of Kenya (CBK) says that the country's economy slumped during the last one year. Full text...

  • Bouteflika in favour of Nigeria-Algeria pipeline
    17 may 2001 19:47:00
    Tunis- Tunisia (PANA) -- Algerian President Abdelaziz Bouteflika said he supports the idea of a gas pipeline between Nigeria and Algeria that would make gas from the two countries available across the region and promote industrial development. Full text...

  • Algerian state companies go bankrupt
    17 may 2001 19:31:00
    Tunis- Tunisia (PANA) -- The authorities in Algiers have conceded that some 55 state-owned companies in Algeria employing more than a hundred thousand people were technically bankrupt. Full text...

  • Arab fund grants Tunisia 36m dollar loan
    17 may 2001 19:04:00
    Tunis- Tunisia (PANA) -- The Arab Fund for Economic and Social Development (AFESD) has granted Tunisia a loan of 36 million dollars to finance a credit development project. Full text...

  • Tunisia reports 42 per cent first quarter trade deficit
    17 may 2001 18:59:00
    Tunis- Tunisia (PANA) -- Tunisian authorities trade during the first quarter of the year was at a deficit of 42. Full text...

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