Economy -
  • Telephone company awards 100,000th subscriber
    27 july 2001 15:13:00
    Windhoek- Namibia (PANA) -- Irmela Horthemke became the 100,000th subscriber of Mobile Telecommunication Limited in Namibia on Friday, and was awarded a one-year free subscription valued 1200 Namibian dollars (about 152 US dollars). Full text...

  • Eight firms tender for SENELEC takeover
    27 july 2001 14:27:00
    Dakar- Senegal (PANA) -- Eight electric firms are vying to take over Senegal's national electricity company, SENELEC, which the government has marked for privatisation. Full text...

  • Eskom to electrify Mali, Senegal and Mauritania
    27 july 2001 10:26:00
    Cape Town- South Africa (PANA) -- South African electricity giant Eskom has achieved its most significant success in Africa to date with the signing of a contract valued at over 87. Full text...

  • EU responds to Ethiopia's food aid appeal
    27 july 2001 08:01:00
    Addis Ababa- Ethiopia (PANA) -- Ethiopia is to get 110,000 metric tons of food aid from the European Union under two agreements signed in Addis Ababa on Thursday. Full text...

  • Bill on interest rates makes history
    26 july 2001 19:44:00
    Nairobi- Kenya (PANA) -- Kenyan parliament made history when it reopened debate Thursday on a bill to regulate interest rates charged by banks in the country after President Daniel arap Moi vetoed the Central Bank of Kenya (Amendment) Bill 2000 from becoming law, citing anomalies. Full text...

  • Equities trading at Nigerian Stock Exchange
    26 july 2001 19:30:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigerian Stock Exchange for Thursday, 26 July 2001: 1st Tier Securities [ST] SECTOR/COMPANY VALUE OF SHARE AGRICULTURE Okomu Oil Palm Plc 9. Full text...

  • Govt. to recover 20 million dollars from ex-ministers, others
    26 july 2001 19:25:00
    Abuja- Nigeria (PANA) -- Nigeria's federal government is to recover more than 20 million US dollars from two former Ministers of Commerce and others, indicted by a Judicial Commission of inquiry into the country's Cocoa Export Levy and Cocoa Buffer Stock Funds. Full text...

  • Kenya asks Japan to assist in mineral exploitation
    26 july 2001 19:22:00
    Nairobi- Kenya (PANA) -- Kenya Thursday sought Japan's assistance in the exploitation of its mineral sector whose potential, officials said, remained largely untapped. Full text...

  • Trading Appreciates at Nigerial Stock Exchange
    26 july 2001 18:53:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigerian Stock Exchange for Thursday, 26 July 2001: 1st Tier Securities [ST] SECTOR/COMPANY VALUE OF SHARE AGRICULTURE Okomu Oil Palm Plc 9. Full text...

  • Entente Council member states issue common tourist visa
    26 july 2001 17:04:00
    Cotonou- Benin (PANA) -- Five west African countries forming the Entente Council on Thursday began issuing a common tourist visa that permits its holders to move freely in the region for not more than 60 days. Full text...

  • Australian in Sub-Saharan Africa Mining Conference begins
    26 july 2001 16:50:00
    Cape Town- South Africa (PANA) -- South Africa's minerals and energy minister Phumzile Mlambo-Ngcuka Thursday opened the Australia in sub-Saharan African Mining Conference in Pretoria, whose goal is to attract investors to the continent. Full text...

  • Dollar supply exceeds demand in Zambia
    26 july 2001 15:57:00
    Lusaka- Zambia (PANA) -- Supply of hard currency from the Bank of Zambia this week has exceeded demand from importers of essential goods, leading the kwacha to pick up some fragile strength against the US dollar. Full text...

  • East African nations urged to form debt review bodies
    26 july 2001 14:52:00
    NAIROBI- Kenya (PANA) -- East African nations have been advised to form a debt review commission to look into the nature of the liabilities. Full text...

  • Kenya Airways takes delivery of third new Boeing
    26 july 2001 13:45:00
    Nairobi- Kenya (PANA) -- Kenya Airways has taken delivery of its third and last top range 767-300 ER passenger plane, with the airline's boss promising to launching another fleet renewal scheme. Full text...

  • Airports company increases operating revenue
    26 july 2001 10:58:00
    Cape Town- South Africa (PANA) -- Airports Company South Africa Limited said it increased its operating profit by 26. Full text...

  • Namibia, South Africa discuss joint transport problems
    26 july 2001 10:15:00
    Cape Town- South Africa (PANA) -- Namibia and South Africa are currently sharing experiences, information and ideas aimed at improving their transport systems and harmonising cross border vehicle traffic. Full text...

  • Financial Association raises 30 billion CFA Francs
    25 july 2001 23:03:00
    Abidjan- Cote d'Ivoire (PANA) -- The Ivorian Micro-finance Network says it collected savings amounting to 30 billion CFA francs within five years, 18 billion of which, has been injected into the national economy as credits to its members. Full text...

  • Experts meet on ECOWAS Air Company, Shipping Line
    25 july 2001 22:06:00
    Cotonou- Benin (PANA) -- Sixty experts in communication, transport and tourism from the 15-nation ECOWAS, began a meeting Wednesday in Cotonou on the memorandum for the establishment of a private Air Company and a Shipping Line for the region. Full text...

  • Minister calls on society to fight child labour
    25 july 2001 20:56:00
    Maputo- Namibia (PANA) -- Mozambican Labour Minister Mario Sevene Wednesday reiterated that the government will step up efforts aimed at fighting all forms of child labour which is blamed on poverty. Full text...

  • World Bank to help boost intra-African trade
    25 july 2001 20:46:00
    Paris- France (PANA) -- The World Bank has announced a project on trade facilitation, standards and economic development to help five African countries beef up trade prospects. Full text...

  • Exchange volume drops
    25 july 2001 20:34:00
    Nairobi- Kenya (PANA) -- Trading at the Nairobi Stock Exchange dropped to 164,000 shares worth 6. Full text...

  • Kenyan Minister slams IMF, World Bank
    25 july 2001 20:26:00
    Nairobi- Kenya (PANA) -- Kenya's Trade and Industry Minister, Nicholas Biwott has accused the World Bank and the International Monetary Fund (IMF), of hampering Third World development, the local media reported in Nairobi Wednesday. Full text...

  • Expert urges for intra-African trade
    25 july 2001 20:23:00
    Paris- France (PANA) -- An agro-economist with the French conglomerate OTI Bretagne has suggested the development of intra- African trade in agricultural produce with a view to containing food shortages in some parts of the continent. Full text...

  • Kenya's domestic debt goes down
    25 july 2001 20:09:00
    Nairobi- Kenya (PANA) -- The 91-day Treasury bill share in the securitised domestic debt market has gradually dropped by 6. Full text...

  • Ghanaian government loses Parliamentary vote on IDA loan
    25 july 2001 19:38:00
    Accra- Ghana (PANA) -- Ghanaian government Wednesday lost a vote in Parliament, which failed to pass a resolution for an International Development Association (IDA) loan of 111 million US dollars for the country. Full text...

  • Unions threaten to intensify strike action
    25 july 2001 19:36:00
    Cape Town- South Africa (PANA) -- South Africa's major trade unions on Wednesday warned that they plan to intensify their strike action, a day after thousands of Eskom workers around the country downed tools to protest against the electricity utility. Full text...

  • NSE daily trading summary
    25 july 2001 19:23:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigerian Stock Exchange for Wednesday, 25 July 2001. Full text...

  • All share index gains by almost two percent
    25 july 2001 18:04:00
    Lusaka- Zambia (PANA) -- The All share index on the Lusaka Stock Exchange has gained by almost two percent to level at 305. Full text...

  • Kenyan company sues British firm over trade mark
    25 july 2001 17:26:00
    Nairobi- Kenya (PANA) -- A Kenyan broadcasting company, African Broadcasting Network, has sued a British firm over alleged infringement on its trade mark. Full text...

  • Moves underway to save Russian vessel in Liberian port
    25 july 2001 16:05:00
    Monrovia- Liberia (PANA) -- Rescuers Wednesday moved swiftly to rescue a Russian vessel which fell sideways on the pier in a Liberian port while off-loading cargo. Full text...

  • Top-flight executive earns 17 times more than Moi
    25 july 2001 14:45:00
    Nairobi- Kenya (PANA) -- Top flight company executives in Kenya earn seventeen times the salary of President Daniel arap Moi, the Daily Nation newspaper reported Wednesday, citing a survey of the country's 100 biggest companies. Full text...

  • Doing the right things right in technical cooperation
    25 july 2001 11:45:00
    Dakar- Senegal (PANA) -- In technical cooperation, there's a difference between "doing things right" and "doing the right thing", according to Jan Boer, Deputy Director General, Ministry of Foreign Affairs of Netherlands. Full text...

  • Private airline suspends flights in Cape Verde
    25 july 2001 09:38:00
    Praia- Cape Verde -- Cape Verde's first private airline, Inter Island Airlines, has suspended flights to the various islands of the country due to logistic problems, the company announced Tuesday. ) Full text...

  • South Africa sets tourist accommodation grading system
    25 july 2001 07:23:00
    Cape Town- South Africa (PANA) -- South Africa's Tourism Grading Council has announced the roll out of the national star grading system for tourist accommodation. Full text...

  • Nigeria rejects World Bank loan
    24 july 2001 21:32:00
    Lagos- Nigeria (PANA) -- Nigeria's Federal government has rejected a 240 million-US-dollar World Bank loan for the country's 36 States, the privately-owned Comet newspaper reported Tuesday. Full text...

  • Nigeria signs power generation agreement with Italian firm
    24 july 2001 20:53:00
    Abuja- Nigeria (PANA) -- Nigeria's State-owned petroleum company, NNPC, Tuesday signed an agreement with Italian oil and energy group, ENI, for an independent power project expected to add 450 megawatts to the national grid. Full text...

  • Obasanjo chairs Committee on Africa Recovery Programme
    24 july 2001 19:19:00
    Abuja- Nigeria (PANA) -- Nigerian President Olusegun Obasanjo has been appointed chairman of the Joint Action Committee for the Africa Recovery Programme, set up at the just-ended G-8 Summit in Genoa, Italy, by the world's industrialised nations. Full text...

  • Bourse gets buoyed by heavy trading
    24 july 2001 17:43:00
    Nairobi- Kenya (PANA) -- Buoyed by heavy trading on the Special Board, turnover at the Nairobi Stock Exchange Tuesday rose to 24 million Kenyan shillings (about 30. Full text...

  • ADF lends Kenya 26 million dollars for road improvement
    24 july 2001 16:47:00
    Nairobi- Kenya (PANA) -- The African Development Fund (ADF) has approved a loan of 26 million dollars to fund the improvement of Kenya's rural roads. Full text...

  • Consortium increases stake in Kenya Telecom
    24 july 2001 12:36:00
    Nairobi- Kenya (PANA) -- Mount Kenya Communications Consortium of South African and Zimbabwean investors have offered to pay an addition 20 million dollars on top of their initial 305 million dollars bid to pick up 49 percent of the share capital of Telkom Kenya owned by the government. Full text...

  • China cancels 40 million dollars of Zambian debt
    24 july 2001 12:21:00
    Lusaka- Zambia (PANA) -- The Chinese government has cancelled 40 million US dollars of out of Zambia's total debt of 121 million US dollars owed to Beijing. Full text...

  • African central bank governors to meet in Johannesburg
    24 july 2001 11:41:00
    Cape Town- South Africa (PANA) -- The South African Reserve Bank will host a symposium and meeting of the Governors of the Association of African Central Banks in Johannesburg from 14 to 16 August. Full text...

  • Algeria earmarks part of GDP to help the poor
    24 july 2001 10:19:00
    Algiers- Algeria (PANA) -- Algerian Prime Minister Ali Benflis said the government had earmarked between 6 and 8 percent of the Gross Domestic Product to improve the welfare of the poor people between 1993 and 2001. Full text...

  • Zambia's GDP growth target comes under threat
    24 july 2001 09:13:00
    Lusaka- Zambia (PANA) -- Lower international copper and cobalt prices are expected to prevent Zambia from attaining its target of a 5-percent Gross Domestic Product growth this year. Full text...

  • Changes expected at new power company
    23 july 2001 23:54:00
    Yaounde- Cameroon (PANA) -- A US group, AES Sirocco Limited, buyer of the National Electricity Company (SONEL), has announced important changes in the company. Full text...

  • Consumers' union calls for "Dead City" day
    23 july 2001 21:48:00
    Abidjan- Cote d'Ivoire (PANA) -- The General Union of Consumers in Cote d'Ivoire (UGCCI) Monday called on Ivorians to observe Wednesday as "dead city" day nation-wide as a protest against a proposed hike in electricity rates. Full text...

  • Namibia urges nationals to tour country
    23 july 2001 20:19:00
    Windhoek- Namibia (PANA) -- In a bid to promote internal tourism, Namibia's Environment and Tourism ministry is urging citizens to travel extensively and know their country. Full text...

  • NSE daily trading summary
    23 july 2001 20:13:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigerian Stock Exchange for Monday, 23 July 2001. Full text...

  • NEPA Announces Special Scheme For Industries
    23 july 2001 19:42:00
    Lagos- Nigeria (PANA) -- More than five months to the presidential deadline for Nigeria's state-owned power monopoly, National Electric Power Authority (NEPA), to ensure uninterrupted power supplies in the country, the company has announced plans to supply industries in the economic hub of Lagos with at least 22 hours of electricity daily. Full text...

  • Insecurity costs jobs in parts of Namibia
    23 july 2001 19:11:00
    Windhoek- Namibia (PANA) -- More than 200 employees have lost their jobs from business closures in the past 12 months in Namibia's Caprivi and Kavango regionsdue to instability in the regions. Full text...

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