Economy -
  • UEMOA to evaluate economic performance
    26 june 2001 23:18:00
    Ouagadougou- Burkina Faso (PANA) -- Economic and Monetary Union of the West African States (UEMOA) experts opened a meeting Tuesday in Ouagadougou to evaluate the region's economic performance. Full text...

  • Kenya Airways Receive Second Boeing 767-300 ER
    26 june 2001 20:11:00
    Nairobi- Kenya (PANA) -- Kenya Airways Monday received its second state-of-the-arts 767-300 ER passenger plane at the Moi International Airport in the coastal town of Mombasa, the local press reported Tuesday. Full text...

  • Kenya mobile phone operator launches biggest bond ever
    26 june 2001 20:03:00
    Nairobi- Kenya (PANA) -- Kenya's premier mobile phone operator, Safaricom, Tuesday launched the biggest bond ever in the country's history. Full text...

  • NSE Daily Equities Trading
    26 june 2001 19:50:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigeria Stock Exchange for Tuesday, 26 June 2001. Full text...

  • French Foreign Minister To Visit Nigeria
    26 june 2001 19:38:00
    Lagos- Nigeria (PANA) -- French Foreign Minister Hubert Vedrine will hold talks with ECOWAS' Executive Secretary Lansana Kouyate in Abuja Thursday, at the start of a two-day visit to Nigeria, ECOWAS said in a statement Tuesday. Full text...

  • African negotiators concert ahead of WTO meeting
    26 june 2001 19:11:00
    Addis Ababa- Ethiopia (PANA) -- Ahead of a ministerial conference of the World Trade Organisation due next November, African trade negotiators have begun brainstorming on what stance to take vis-à-vis a new trade round as well as the failed implementation of existing WTO rules. Full text...

  • Mobile phone operator places bond on Nairobi bourse
    26 june 2001 17:42:00
    Nairobi- Kenya (PANA) -- Kenya's leading mobile phone operator, Safaricom, Tuesday launched the biggest bond ever in the country's history. Full text...

  • German, Nigerian held for money laundering
    26 june 2001 16:54:00
    Blantyre- Malawi (PANA) -- The First Grade Magistrate Court in Lilongwe Tuesday denied bail to a German and a Nigerian who were arrested over the weekend for trying to launder 400,000 US dollars in Traveller's cheques. Full text...

  • African civil aviation managers meet
    26 june 2001 15:53:00
    Praia- Cape Verde (PANA) -- Civil aviation managers from 28 African nations are meeting in Santa Maria in Cape Verde to analyse problems hampering air navigation in the Africa-Indian Ocean region. Full text...

  • Court stops sale of Kenyan politician's hotels
    26 june 2001 14:07:00
    Nairobi- Kenya (PANA) -- A Kenyan court has stopped the sale of a chain of hotels belonging to opposition politician and presidential aspirant, Kenneth Matiba, following a financial saga facing the Alliance Group of Hotels which had been ordered closed by receivers and some 1,000 workers fired. Full text...

  • Court stops sale of Kenyan politician's hotels
    26 june 2001 14:03:00
    Nairobi- Kenya (PANA) -- A Kenyan court has stopped the sale of a chain of hotels belonging to opposition politician and presidential aspirant, Kenneth Matiba, following a financial saga facing the Alliance Group of Hotels which had been ordered closed by receivers and some 1,000 workers fired. Full text...

  • Lake Victoria fish exporters under fire
    26 june 2001 13:03:00
    Nairobi- Kenya (PANA) -- Fish processors and exporters in the Lake Victoria region are being heavily criticised by other stakeholders for allegedly exploiting fishermen. Full text...

  • Central Bank fails to meet with mounting forex demand
    26 june 2001 12:57:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha has made a marginal gain of only one unit against the greenback as demand mainly from importers, continued to outstrip the markedly decreasing amounts of foreign exchange from the Central Bank. Full text...

  • OMEGA and MAP plans have a lot in common, says Mbeki
    26 june 2001 11:44:00
    Dakar- Senegal (PANA) -- South African President Thabo Mbeki has declared that there was much in common between President Abdoulaye Wade's OMEGA Plan and his Millennium African Renaissance Plan (MAP) Speaking in Dakar Monday during a stopover on his way to New York, Mbeki said that it was possible to merge the two plans because they have the same objectives. Full text...

  • Rand's weakness undermines maize industry
    26 june 2001 07:36:00
    Cape Town- South Africa (PANA) -- The weakening of the rand against the US dollar is largely responsible for the decline in competitiveness of the South African maize industry, says Dirk Esterhuizen, a senior agricultural economist with the Agricultural Business Chamber (ABC). Full text...

  • Kenya calls for trade policy harmonisation
    25 june 2001 23:03:00
    Nairobi- Kenya (PANA) -- Kenyan Trade and Industry Minister Nicholas Biwott Monday called on member States of the Common Market for East and Southern Africa (COMESA) and other economic regional groupings to ensure compliance with the rules of the World Trade Organisation (WTO) in their trade policies. Full text...

  • Zanzibar crisis impacts on Tanzania economy
    25 june 2001 21:51:00
    Dar es Salaam- Tanzania (PANA) -- The political crisis in Tanzania's federated island of Zanzibar may have cooled, but economic experts believe its effects are still lingering on the country's economy. Full text...

  • Benin heads towards water and power reform
    25 june 2001 21:29:00
    Cotonou- Benin (PANA) -- A national forum is underway in Benin to deliberate pro-privatisation reforms in the management of the country's water and power sectors. Full text...

  • ADF grants 5 billion CFA F for a project
    25 june 2001 20:40:00
    Bamako- Mali (PANA) -- The African Development Fund (ADF), an affiliate of the African Development Bank (ADB), has granted Mali about 5 billion francs CFA (1 US dollar = 750 FCFA) to help boost the country's seeds sub-sector. Full text...

  • Japan supports social development project in Benin
    25 june 2001 20:39:00
    Cotonou- Benin (PANA) -- Japan is supporting Benin's Social Fund and Child Protection project with a grant of 758,000 US dollars or 593. Full text...

  • New airline to back up Air Afrique
    25 june 2001 14:12:00
    Niamey- Niger (PANA) -- A private airline intended to operate as a feeder to the multinational Air Afrique will be launched 10 July in Niamey, the airline's chief executive has announced. Full text...

  • Embrace WTO, Kenyan minister advises COMESA states
    25 june 2001 13:37:00
    Nairobi- Kenya (PANA) -- African countries have no alternative but to embrace the rules set by the World Trade Organisation (WTO) if they hope to benefit from global economy, Kenya's trade and industry minister, Nicholas Biwott said Monday in Nairobi. Full text...

  • Bank predicts 100 percent inflation in Zimbabwe
    25 june 2001 10:24:00
    Harare- Zimbabwe (PANA) -- Zimbabwe's second largest bank predicted Monday that inflation in the country will double to top 100 percent by the end of the year after a wave of cost increases sparked by a government-imposed 70-percent fuel hike three weeks ago. Full text...

  • Women in rural Senegal tackle poverty
    25 june 2001 09:38:00
    Bambey- Senegal (PANA) -- Another batch of 20 ewes was driven into Aisatou Diouf's courtyard last Thursday for fertilisation by two improved "Ladoum" rams at Bambey-Sereres village, 130 km north of Dakar, Senegal. Full text...

  • Cameroon MPs, minister at odds over container terminal
    24 june 2001 19:02:00
    Douala- Cameroon (PANA) -- Parliament in Cameroon has taken exception to a decision by Transport minister Christopher Nsahlai to put on hold the privatisation of the container terminal at the Port of Douala. Full text...

  • Niger gets 2 billion CFA francs Canadian grant
    24 june 2001 16:08:00
    Niamey- Niger (PANA) -- Canada has granted Niger two billion CFA francs to support its poverty reduction project, according to local media reports. Full text...

  • IDB President on African tour
    24 june 2001 16:06:00
    Dakar- Senegal (PANA) -- The president of the Jeddah-based Islamic Development Bank (IDB), Dr Ahmed Mhammad Ali, is in Niamey for talks with Niger authorities, the Islamic International News Agency (IINA) reported Sunday. Full text...

  • Employers agree to hefty wage hikes ahead of strike
    24 june 2001 14:12:00
    Harare- Zimbabwe (PANA) -- Employers in Zimbabwe, keen to head off a planned general strike next month against the high cost of living, have agreed to wage and salary increments of nearly 70 percent, labour unions said Sunday. Full text...

  • UEMOA experts meet Tuesday in Ouagadougou
    24 june 2001 14:02:00
    Ouagadougou- Burkina Faso (PANA) -- A group of West African Economic and Monetary Union (UEMOA) experts is scheduled to meet from Tuesday to Friday in Ouagadougou to prepare a council of ministers meeting scheduled for 6 July in Dakar, Senegal. Full text...

  • Inflation forces Zimbabwe to issue 500 Zimdollar banknote
    24 june 2001 13:49:00
    Harare- Zimbabwe (PANA) -- Zimbabwe's central bank said Sunday it would soon introduce a 500 Zimdollar banknote, the highest currency denomination in the southern African country. Full text...

  • Minister opens bricks factory in northern Namibia
    24 june 2001 11:31:00
    Ongwediva- Namibia (PANA) -- Trade and Industry Minister Hidipo Hamutenya has officially opened a bricks and paving factory owned by Vermeydu Construction Company in the northern town of Ongwediva. Full text...

  • Jet fuel shortage raises demand for airline seats
    23 june 2001 17:22:00
    Johannesburg- South Africa (PANA) -- Closure of operations in South Africa by several airlines has resulted in a shortage of about 4,000 seats per week in the marketplace. Full text...

  • Workers Fired As Top Politician's Hotels Go Bankrupt
    23 june 2001 16:49:00
    Nairobi- Kenya (PANA) -- About 1,000 employees of a chain of hotels belonging to Kenya opposition politician and presidential aspirant, Kenneth Matiba, have received letters terminating their appointments, in the latest financial saga facing the Alliance Group of Hotels. Full text...

  • BRVM Closes its 75th session on a bearish trend
    23 june 2001 12:52:00
    Abidjan- Cote d'Ivoire (PANA) -- The Regional Stock Exchange (BRVM) closed its 75th quotation of 2001 on a bearish trend as compared to the previous session. Full text...

  • Italy cancels $375 million debt to Ethiopia
    23 june 2001 11:15:00
    Addis Ababa- Ethiopia (PANA) -- Italy has cancelled its debt of 375 million US dollars to Ethiopia, the Italian Embassy in Addis Ababa said in a press release Saturday. Full text...

  • Germany gives Benin partial debt relief
    23 june 2001 10:30:00
    Cotonou- Benin (PANA) -- Benin and Germany have signed an agreement under which Berlin would give Cotonou a partial debt relief. Full text...

  • All-Share index continues impressive strides
    22 june 2001 23:10:00
    Accra- Ghana (PANA) -- Aluworks on Friday lifted the Ghana Stock Exchange (GSE) up for the third day running as it continued its impressive run. Full text...

  • Gbagbo Says Cote d'Ivoire Committed to Debt Repayment
    22 june 2001 22:17:00
    Paris- France (PANA) -- Ivorian President Laurent Gbagbo on Friday wound up a private visit to France saying his country was committed to meeting its debt obligations to international finance institutions. Full text...

  • China writes off Ethiopia's debt
    22 june 2001 21:29:00
    Addis Ababa- Ethiopia (PANA) -- China has written off 122. Full text...

  • Govt Budget Zeroes In On Spendthrifts
    22 june 2001 19:04:00
    Lilongwe- Malawi (PANA) -- Malawi's finance minister Mathews Chikaonda Friday presented to Parliament the 2001/2002 government budget that is set to leave high-spenders in government sulking. Full text...

  • Community Development Centre for South African poor
    22 june 2001 16:11:00
    Cape Town- South Africa (PANA) -- South Africa's Social Development Department Friday launched a 1. Full text...

  • Ivorian leader attempts to woo French investors
    22 june 2001 15:06:00
    Paris- France (PANA) -- Ivorian President Gbagbo Friday told French investors that their investments would be safe in his country in spite of upheavals that have shaken the confidence of investors and donors in the past two years. Full text...

  • NSE Daily Equities Trading
    22 june 2001 14:56:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigeria Stock Exchange for Thursday, 21 June 2001. Full text...

  • NNPC Loses 29 Billion In Three Months
    22 june 2001 14:41:00
    Abuja- Nigeria (PANA) -- Nigeria's State-owned oil Corporation said it lost 29. Full text...

  • Committee reports embezzlement of Botswana public funds
    22 june 2001 13:05:00
    Gaborone- Botswana (PANA) -- The government of Botswana has lost millions in non-remitted imprest by public servants, a parliamentary committee on Public Accounts noted of Financial Year 1997/98. Full text...

  • US team finds Nigeria's airspace safe
    22 june 2001 12:18:00
    Lagos- Nigeria (PANA) -- A team of US Federal Aviation Administration (FAA) officials have declared the Nigerian airspace safe after an assessment of manpower and equipment structure within the Nigerian Airspace Management Agency (NAMA). Full text...

  • African Bank in landmark agreement with government
    22 june 2001 11:51:00
    Cape Town- South Africa (PANA) -- African Bank, South Africa's largest credit bank, has become the first lender to sign an agreement with government under the payroll deductions regulations published in April this year. Full text...

  • Bank of Namibia drops minimum lending rate
    22 june 2001 11:26:00
    Windhoek- Namibia (PANA) -- Bank Windhoek's prime lending rate and basic bond rate has been reduced by one percent, with effect from 1 July 2001. Full text...

  • World Bank flays Congo over management of oil
    22 june 2001 11:21:00
    Brazzaville- Congo (PANA) -- The World Bank has decried what it said was the absence of transparency in the management of Congo's oil revenue. Full text...

  • South Africa lays cable to boost Africa's communication
    22 june 2001 08:46:00
    Cape Town- South Africa (PANA) -- A massive undersea fibre optic cable that would open up new communications options for African countries was laid at Melkbosstrand outside Cape Town this week. Full text...

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