Economy -
  • 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...

  • OECD Ministers Call for New Round of Trade Talks
    17 may 2001 16:30:00
    Paris- France (PANA) -- Member states of the Organisation of Economic Cooperation and Development (OECD) have announced their commitment to the launch of a new global round of trade negotiations in order to stimulate economic growth in developing countries. Full text...

  • Zambian Cigarette Company to Increase Shares
    17 may 2001 15:13:00
    Lusaka- Zambia (PANA) -- Zambia's sole cigarette manufacturer, British American Tobacco (Zambia) Plc, is to increase its authorised share capital by 50 million shares as part of an internal re-organisation programme. Full text...

  • Kenya gets French support for aid resumption
    17 may 2001 14:19:00
    Nairobi- Kenya (PANA) -- France has expressed hopes that the Bretton Woods institutions would resume lending to Kenya by August. Full text...

  • Kwacha continues to be bearish against US dollar
    17 may 2001 12:53:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha continued to be bearish against the US dollar forcing the local unit to have lost an estimated 1. Full text...

  • Bush slates trade meeting with Africa for October
    16 may 2001 23:43:00
    New York- US (PANA) -- President George W. Full text...

  • Debt burden worries Congolese Finance ministry
    16 may 2001 22:35:00
    Brazzaville- Congo (PANA) -- Congo (Brazzaville) Economy, Finance and Budget minister Mathias Dzon has expressed exasperation with the crunch public debt had on the country's finances. Full text...

  • Decisive IMF mission due in Congo-Brazzaville next month
    16 may 2001 22:15:00
    Brazzaville- Congo (PANA) -- An IMF mission would be in Congo Brazzaville beginning 15 June assess progress towards the conclusion of a medium term reform programme to be underwritten by the Fund. Full text...

  • Siemens to rehabilitate DR Congo's electricity
    16 may 2001 21:52:00
    Kinshasa- DR Congo (PANA) -- German company Siemens is to rehabilitate DR Congo's two hydro-electric Power stations and strengthen one of the country's High-Voltage line, officials said Wednesday. Full text...

  • World Bank recommends liquidation of Mozambican bank
    16 may 2001 21:39:00
    Maputo- Mozambique (PANA) -- Press reports in Maputo Wednesday said the World Bank has suggested Mozambique let go its third largest commercial bank, the Austral Bank, into liquidation. Full text...

  • Denmark, Mozambique sign investment protocol
    16 may 2001 21:17:00
    Maputo- Mozambique (PANA) -- The Mozambican and Danish governments Tuesday signed a memorandum of understanding in Maputo as a first step towards an agreement on the reciprocal promotion of investment between the two countries. Full text...

  • NSE Equities Daily Trading
    16 may 2001 21:10:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigerian Stock Exchange for Wednesday, 16 May, 2001. Full text...

  • Libyan hotel complex soon off drawing board
    16 may 2001 19:02:00
    Tunis- Tunisia (PANA) -- A Saudi Holding Company is moving ahead with plans to develop a hotel complex in Tripoli. Full text...

  • ECGD plans return to Libyan market
    16 may 2001 17:45:00
    Tunis- Tunisia (PANA) -- The UK's Export Credits Guarantee Department (ECGD) is reviewing its policy on Libya with a view to possibly easing insurance cover rules governing UK exporters. Full text...

  • Libya attractive to oil companies
    16 may 2001 17:26:00
    Tunis- Tunisia (PANA) -- International oil companies have voted Libya as the most attractive country for exploration activities in the world. Full text...

  • Demand for dollar puts kwacha under intense pressure
    16 may 2001 15:51:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha came under fresh pressure Wednesday from oil companies as they increased their demand for US dollars to import petroleum. Full text...

  • Lusaka stock exchange index goes up
    16 may 2001 15:24:00
    Lusaka- Zambia (PANA) -- The Lusaka Stock Exchange all share index was up by more than 2 percent on Wednesday after the share price of Chilanga Cement Plc stock appreciated by 50 kwacha to close at 300 kwacha a share. Full text...

  • Zimbabwe stocks performing well
    16 may 2001 14:04:00
    Harare- Zimbabwe (PANA) -- Against the backdrop of the country's worst economic crisis, Zimbabwe's stock market outperformed all its counterparts in the emerging markets in March, the international rating agency, Standard and Poor, said on Wednesday. Full text...

  • FAO to boost Guinea Bissau fisheries sector
    16 may 2001 12:43:00
    Bissau- Guinea Bissau (PANA) -- Guinea Bissau and the UN Food and Agriculture Organisation have signed a contract under which the West African country will be assisted to improve the quality of its fish exports. Full text...

  • Jordan to host Islamic financial experts' meeting
    16 may 2001 12:31:00
    Dakar- Senegal (PANA) -- Representatives of financial and banking institutions of Islamic countries will hold their annual meeting Sunday and Monday in the Jordanian capital, Amman, the Islamic Information Agency (IINA) has reported. Full text...

  • Korean deputy minister visits Morocco Thursday
    15 may 2001 23:42:00
    Rabat- Morocco (PANA) -- A South Korean delegation in the telecommunications sector, led by its deputy minister of information and telecommunications, Kim Dong-Sun, is expected to arrive in Morocco Thursday for a five-day working visit, official sources said Tuesday. Full text...

  • Compact: A technical rudder for MAP and OMEGA
    15 may 2001 21:24:00
    Dakar- Senegal (PANA) -- In the quest for a common development plan for Africa, Finance Ministers who met 8-10 May in Algiers, Algeria, have advocated a merger of the "Omega" and African Recovery Plan (MAP). Full text...

  • Several urban and rural centres to be electrified soon
    15 may 2001 21:07:00
    Cotonou- Benin (PANA) -- Benin will soon embark on an electrification programme of 17 urban and rural centres in the country, Felix Essou Dansou, outgoing Mines, Energy and Water Resources Minister, has said. Full text...

  • Kenya re-assures tourists on visas
    15 may 2001 20:51:00
    Nairobi- Kenya (PANA) -- Kenyan authorities and stakeholders in the tourism industry say they are working to harmonise visa issuance procedures to visitors including foreign tourists. Full text...

  • Tuesday's trading at Lusaka Stock Exchange
    15 may 2001 20:42:00
    Lusaka- Zambia (PANA) -- Trading on the Lusaka Stock Exchange was Tuesday still muted with only one volume of shares amounting to 7,964 shares changing hands at Standard Chartered Bank. Full text...

  • Senegal's fish exports fell in 2000
    15 may 2001 20:27:00
    Dakar- Senegal (PANA) -- Fish products exports dropped to 88,019 tons in 2000 against 124,338 tons in 1999 - a 29. Full text...

  • US-Africa Business Summit for Philadelphia in September
    15 may 2001 20:25:00
    Dakar- Senegal (PANA) -- The third Africa-America Business Summit takes place in Philadelphia, United States 16-20 September 2001, according to the organisers, Corporate Council on Africa (CCA). Full text...

  • NSE Equities Daily Trading
    15 may 2001 19:55:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigeria Stock Exchange for Tuesday, 15 May, 2001. Full text...

  • Nigeria hosts International Conference on debt strategy
    15 may 2001 19:34:00
    Lagos- Nigeria (PANA) -- Ahead of this week's international conference on sustainable Debt Strategy being hosted by Nigeria, government officials say they have discovered some discrepancies in the claims by major creditors, the Paris Club, and Brazil, one of the creditor nations. Full text...

  • New 'electronic gold mine' now available to South Africans
    15 may 2001 17:01:00
    Johannesburg - SA (PANA) -- A new 'electronic gold mine' is now available to South Africans and a 'prospector's licence' to tap into millions costs only 30 Rands (about 4 US dollars). Full text...

  • Pretoria Drafts Millennium African Recovery Programme
    15 may 2001 15:00:00
    Cape Town- South Africa (PANA) -- The Information and Communication Technologies (ICT) Forum is drafting the Millennium African Recovery Programme (MAP) that will be presented to the Organisation of African Unity summit in July. Full text...

  • Accor Plans 60 Million Dollars Tourist Club for Morocco
    15 may 2001 14:30:00
    Rabat- Morocco (PANA) -- French group Accor intends to invest 60 million US dollars in construction of a 1,300-bed tourist club in the Agadir tourist resort, 600 km south of Rabat, the daily L'Economiste reported on Tuesday. Full text...

  • Senegal's maritime traffic rises by 2.8 percent in 2000
    15 may 2001 14:29:00
    Dakar- Senegal (PANA) -- The overall tonnage for traffic at the Port of Dakar rose by 2. Full text...

  • Timber production set to rise in 2001
    15 may 2001 14:09:00
    Brazzaville- Congo (PANA) -- Production of unbarked logs, which resumed recently in southwestern Congo after a long stoppage due to the 1998-1999 civil war, should reach 400,000 tonnes at the end of 2001. Full text...

  • Improved law to provide stiffer penalties for forgery
    15 may 2001 13:38:00
    Rabat- Morocco (PANA) -- Moroccan draftsmen are rewriting the country's law to enhance suppression of acts of forgery, an official source disclosed Tuesday. Full text...

  • Kenyan body wants patent rights for her goods
    15 may 2001 13:01:00
    Nairobi- Kenya (PANA) -- A body grouping the manufacturers and exporters of wood carvings and other allied products in Kenya has appealed to the government to grant them patent rights so as to protect their handiworks from piracy. Full text...

  • Congo to build new international airport
    15 may 2001 11:56:00
    Brazzaville- Congo (PANA) -- Congolese President Denis Sassou Nguesso Monday laid the foundation stone for a new international airport in Ollombo, over 400 km north of Brazzaville, the capital. Full text...

  • NSE Daily Equities Trading
    15 may 2001 11:15:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigeria Stock Exchange for Monday 14 May 2001. Full text...

  • Fibre optics line established between Cotonou and Parakou
    15 may 2001 10:25:00
    Cotonou- Benin (PANA) -- Benin Posts and Telecommunication Board (OPT) and a US group, Titan, recently installed a 400-km fibre optics line linking Cotonou and Parakou, a source close to Libercom, the country's first mobile phone network said on Monday. Full text...

  • Reserve Bank optimistic about the rand's future
    15 may 2001 09:44:00
    Cape Town- South Africa (PANA) -- The South African Reserve Bank is upbeat about the future of the rand currency despite the hammering it has taken in recent months. Full text...

  • Hard currency still abundant as Metical depreciates
    15 may 2001 08:15:00
    Maputo- Mozambique (PANA) -- The Bank of Mozambique has insisted that the country faces no foreign currency shortage despite the continuing sharp depreciation of the Mozambican currency, the metical, against the US dollar. Full text...

  • Hope for aspiring low-income homeowners
    15 may 2001 07:57:00
    Cape Town- South Africa (PANA) -- Affordability may not be a problem for the majority of low and moderate-income South African families seeking to buy a house. Full text...

  • Bank takes indebted deputy to court
    15 may 2001 07:43:00
    Maputo- Mozambique (PANA) -- Mozambique's largest bank, the BCM, has decided to take debtors to court, in an effort to recover some of the unwise loans which brought it to the verge of bankruptcy. Full text...

  • Opposition MP calls for privatisation law in Kenya
    14 may 2001 20:40:00
    Paris- France (PANA) -- The pace of privatisation of public entities in Kenya has been jeopardised by the absence of proper legislation, according to Kenyan MP Peter Anyang Nyong'o. Full text...

  • Air France blames delayed flights on technical problems
    14 may 2001 20:38:00
    Douala- Cameroon (PANA) -- Air France officials in Cameroon's coastal city of Douala have explained recent flight drags as occasioned by "technical problems," the latest such flops occurring last 10 May. Full text...

  • Rabat hosts Maghreb maritime data base project
    14 may 2001 20:27:00
    Rabat- Morocco (PANA) -- The maritime committee of the Arab Maghreb Union (UMA), would launch a Mahghreb data base in the field of maritime transport and ports in the five member States, sources at UMA's Rabat headquarters said. Full text...

  • Central Bank blamed for Nigeria's falling naira
    14 may 2001 20:05:00
    Lagos- Nigeria (PANA) -- Nigeria's official economic watchdog has blamed the country's Central Bank for the continuous depreciation of the national currency, the naira and the spiralling inflation. Full text...

  • South African Airways suspends flights to Buenos Aires
    14 may 2001 19:12:00
    Johannesburg- South Africa (PANA) -- South African Airways (SAA) will suspended its flights to Buenos Aires next month, but the airline will increase its traffic to Sao Paulo in Brazil, official sources said Monday. Full text...

  • SAA Suspends Flights to Buenos Aires
    14 may 2001 16:53:00
    Cape Town- South Africa (PANA) -- South African Airways (SAA) on Monday announced a temporary suspension of service to Buenos Aires with effect from 30 June 2001, due to commercial reasons. Full text...

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