Economy -
  • Legislators blame Asians for sabotaging African traders
    12 july 2001 18:55:00
    Nairobi- Kenya (PANA) -- A Kenyan Deputy Minister in the Office of the President, William Rutto, has promised the country's MPs that the government would examine the possible involvement of Asians in the fires that gutted millions of shillings worth of goods owned by African traders in five separate incidents last year. Full text...

  • NSE Daily Trading Summary
    12 july 2001 17:33:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigerian Stock Exchange for Thursday. Full text...

  • Electricity costs rise by 5 percent in Mali
    12 july 2001 16:51:00
    Bamako- Mali (PANA) -- A 5-percent rise in the cost of electricity has taken effect in Mali since Wednesday. Full text...

  • Higher food prices raise inflation
    12 july 2001 16:45:00
    Niamey- Niger (PANA) -- Niger's consumer price index rose by 1. Full text...

  • About 400 million CFA F missing from Bissau treasury
    12 july 2001 15:54:00
    Bissau- Guinea Bissau (PANA) -- About 400 million F CFA has disappeared from the treasury in Guinea Bissau, reports the Bissau paper "Diario" Thursday. Full text...

  • Tanzania to launch biggest gold mine next week
    12 july 2001 13:29:00
    Dar es Salaam- Tanzania (PANA) -- Tanzania will next Wednesday inaugurate its largest gold mine, the chairman of the Tanzania Chamber of Mines, Samuel Lwakatare said. Full text...

  • Senate, House of Reps. resolve differences
    12 july 2001 12:21:00
    Lagos- Nigeria (PANA) -- Nigeria's two legislative chambers have resolved their differences over the country's supplementary appropriation bill, with both sides approving the 146 billion naira estimates and the purchase of a 5. Full text...

  • Nigeria, Siemens sign switching contract
    12 july 2001 11:03:00
    Lagos- Nigeria (PANA) -- Nigeria's state-owned telecommunications giant NITEL and telecommunications equipment company, Siemens, have signed a 6. Full text...

  • British American Tobacco records profit decline
    12 july 2001 10:42:00
    Nairobi- Kenya (PANA) -- Kenya's leading cigarette manufacturer, British American Tobacco (BAT), said it recorded a six-percent profit decline in the first half of 2001, ending 30 June. Full text...

  • Egyptian firm wins bid for Algeria's second GSM operation
    11 july 2001 23:50:00
    Algiers- Algeria (PANA) -- Egyptian company, Orascom telecom, has been granted a provisional offer to operate Algeria's second GSM mobile telephone network after Tuesday's auction. Full text...

  • Morocco gets 77 million-dollar loan from European Bank
    11 july 2001 23:36:00
    Rabat- Morocco (PANA) -- The European Investment Bank has granted Morocco a loan of 77 million US dollars to help finance a power project, it was officially announced in Rabat Wednesday. Full text...

  • Objectives and programme of the "New African Initiative"
    11 july 2001 22:22:00
    Lusaka- Zambia (PANA) -- Two recently floated development blueprints including the Omega Plan of Senegalese President Abdoulaye Wade and the Millennium African renaissance Programme (MAP) of Presidents Thabo Mbeki of South Africa, Olusegun Obasanjo of Nigeria and Abdelaziz Bouteflika of Algeria have finally been merged. Full text...

  • China writes off part of Mozambique's debt
    11 july 2001 20:47:00
    Maputo- Mozambique (PANA) -- China has written off 22 million US dollars of Mozambique's debt, according to a press release from the Mozambican Finance Ministry received Wednesday. Full text...

  • NSE equities trading appreciates
    11 july 2001 20:42:00
    Lagos- Nigeria (PANA) -- Equities trading at the Nigerian Stock Exchange (NSE) was upbeat Wednesday with a total of 14. Full text...

  • Labour ministry drafts programme on AIDS
    11 july 2001 20:34:00
    Maputo- Mozambique (PANA) -- The Mozambican government has submitted to the International Labour Organisation (ILO) a project proposal to fight against AIDS in the country's productive sector, according to Labour Minister Mario Sevene. Full text...

  • Cape Verde Parliament approves 2001 national budget
    11 july 2001 20:20:00
    Praia- Cape Verde (PANA) -- Notwithstanding objection from the opposition, Parliament in Cape Verde this week adopted the country's 2001 budget thanks to MPs of the ruling African Party for the Independence of Cape Verde (PAICV). Full text...

  • US worried over Kenya/Sudan oil deal
    11 july 2001 19:36:00
    Nairobi- Kenya (PANA) -- The Kenyan government's plan to source oil supplies from the Sudan has put the country's relations with the US under the microscope, the People daily reported Wednesday. Full text...

  • Mali gets 246 billion CFA francs grant from EU
    11 july 2001 19:23:00
    Bamako- Mali (PANA) -- The European Union has granted Mali 246 billion CFA francs to finance various development projects, official sources said in Bamako Wednesday. Full text...

  • Nigerian States lose round one of resource control suit
    11 july 2001 19:14:00
    Abuja- Nigeria (PANA) -- Nigerian Supreme Court in a 6-1 ruling Wednesday said it had jurisdiction to entertain the suit on resource control instituted by the federal government against the country's 36 States of the federation. Full text...

  • Nigeria-Taiwan trade grows
    11 july 2001 18:30:00
    Lagos- Nigeria (PANA) -- The volume of trade between Nigeria and Taiwan grew by 37. Full text...

  • Wade says New African Initiative is no wild dream
    11 july 2001 17:41:00
    Lusaka- Zambia (PANA) -- One of the very first projects contained in the "New African Initiative", the plan that emanated from the merger of the OMEGA and the MAP plans, could be launched as early as next March, Senegalese President Abdoulaye Wade said in Lusaka. Full text...

  • Ethiopia reduces defence budget
    11 july 2001 14:51:00
    Addis Ababa- Ethiopia (PANA) -- Ethiopia has drastically reduced its defence budget after the end of its two-year border war with Eritrea. Full text...

  • Portugal loans Cape Verde 16.4 billion euro
    11 july 2001 14:38:00
    Praia- Cape Verde (PANA) -- The Portuguese government has given 16. Full text...

  • Tanzania secures cashew nut market in the Far East
    11 july 2001 13:00:00
    Dar es Salaam- Tanzania (PANA) -- Tanzania will export 9,000 tonnes of unprocessed cashew nuts in July to three Far East countries after securing a guaranteed market, a senior official of the Tanzania Cashewnut Board (TCB) said Wednesday. Full text...

  • ADB Agrees to Upgrade Public Services, Utilities in Sierra Leone
    11 july 2001 08:22:00
    Freetown- Sierra Leone (PANA) -- The African Development Bank (ADB) has agreed to fund the completion of Sierra Leone's hydroelectric dam and upgrade water supply systems throughout the country. Full text...

  • Tanzania gets a trifle better on development index
    10 july 2001 23:48:00
    Dar es Salaam- Tanzania (PANA) -- In its Human Development Report for 2001 the UN Development Programme (UNDP) intimates some improvement in Tanzania, as the country moved from the 156th position it held previously to the 140th. Full text...

  • UEMOA to define major trends of its agricultural policy
    10 july 2001 23:31:00
    Abidjan- Cote d'Ivoire (PANA) -- West African Economic and Monetary Union (UEMOA) experts and representatives of the agriculture sector of each of the union's member states opened a workshop in Abidjan Tuesday to define the main trends of an agricultural policy for the union. Full text...

  • Trade fair brightens Tanzania's business prospects
    10 july 2001 23:27:00
    Dar es Salaam- Tanzania (PANA) -- Trade between Tanzania and other countries looked poised for an upswing after the just ended Dar es Salaam International Trade Fair recorded inquiries worth about 28. Full text...

  • Financial constraints delay Luderitz-Aus railway line
    10 july 2001 22:59:00
    Keetmanshoop- Namibia (PANA) -- Work to upgrade the railway line between Aus and Luderitz in southern Namibia has slowed down due to budgetary constraints, an official in the works ministry said Tuesday. Full text...

  • Rwanda mobile phone company launches international gateway
    10 july 2001 22:50:00
    Kigali- Rwanda (PANA) -- The Kigali private mobile phone company, MTN Rwandacell, Tuesday launched an international gateway providing international links for land-locked Rwanda, official sources in Kigali affirmed. Full text...

  • Mozambican government announces minimum cotton prices
    10 july 2001 21:34:00
    Maputo- Mozambique (PANA) -- Mozambique's Prices and Wages Commission has fixed prices for this year's cotton harvest at rates much lower than what peasant growers anticipated. Full text...

  • Study for new dam to be built on the Incomati River
    10 july 2001 21:28:00
    Maputo- Mozambique (PANA) -- The Mozambican government Monday signed a contract under which a Norwegian company, Norconsult, will carry out a feasibility study to build a dam on the Incomati River in Moamba district of Maputo Province. Full text...

  • Windhoek City Council to help black tour guides
    10 july 2001 21:02:00
    Windhoek- Namibia (PANA) -- The city of Windhoek has designed an empowerment programme that would enable young black aspiring tour guides start their own businesses. Full text...

  • West African financiers close ranks against poverty
    10 july 2001 20:49:00
    Bamako- Mali (PANA) -- Delegates from member countries of the West African Economic and Monetary Union (WAEMU) Tuesday wound up a seminar in Bamako, Mali on the place of the financial sector in the struggle against poverty. Full text...

  • IMF approves 126 million-dollar loan for Zambia
    10 july 2001 20:23:00
    Lusaka- Zambia (PANA) -- The International Monetary Fund (IMF) has approved a loan of 126 million US dollars to support Zambia's poverty alleviation and economic reform programmes, government officials announced in Lusaka Tuesday. Full text...

  • Kenyan official calss for financial discipline
    10 july 2001 19:49:00
    Nairobi- Kenya (PANA) -- A senior government official in Kenya has blamed high interest rates on what he said was an absence of financial discipline. Full text...

  • Kenyan official calss for financial discipline
    10 july 2001 19:48:00
    Nairobi- Kenya (PANA) -- A senior government official in Kenya has blamed high interest rates on what he said was an absence of financial discipline. Full text...

  • Kufuor says Ghanaian economy on track
    10 july 2001 19:12:00
    Lusaka- Zambia (PANA) -- President John Kufuor says the Ghanaian economy is gaining momentum, six months after he assumed the leadership of the West African country. Full text...

  • MG and Rover vehicles return to South Africa
    10 july 2001 17:19:00
    Cape Town- South Africa (PANA) -- British Consul General Nick McInnes has announced the return of MG and Rover vehicles to South Africa. Full text...

  • Missionary disapproves of Kenya's oil deal with Sudan
    10 july 2001 17:08:00
    Nairobi- Kenya (PANA) -- A Catholic missionary in Sudan has called on Kenya authorities to reverse their decision to import oil from Sudan. Full text...

  • Tanzania's human development inches forward
    10 july 2001 15:51:00
    Dar es Salaam- Tanzania (PANA) -- The UN Development Programme (UNDP) has positioned Tanzania at number 140 in its annually updated Human Development Index for 2001, showing the country has achieved a moderate measure of progress. Full text...

  • Pretoria committed to boosting South-South links
    10 july 2001 13:26:00
    Cape Town- South Africa (PANA) -- South Africa's deputy President Jacob Zuma says his government is determined to boost South-South links and promote stronger relationship among developing countries. Full text...

  • R&D, differential pricing could help bridge tech divide
    10 july 2001 10:40:00
    Dakar- Senegal (PANA) -- This year's Human Development Report, released today, urges global initiatives to ensure that new technologies address the most pressing needs of the world's poor people. Full text...

  • Brain Drain costs developing countries billions, report says
    10 july 2001 10:33:00
    Dakar- Senegal (PANA) -- Rich nations have been opening their doors to developing country professionals - at a high cost to the home countries. Full text...

  • Norway first, US sixth in human development
    10 july 2001 10:27:00
    Dakar- Senegal (PANA) -- The annually updated Human Development Index ranks 162 countries by a composite measure that includes life expectancy, educational enrollment and adult literacy, and income per person. Full text...

  • Steep rise in Congo's tax revenue
    10 july 2001 09:49:00
    Brazzaville- Congo (PANA) -- Congo's tax revenue rose from 60. Full text...

  • Mining company concludes 125 million-dollar deal
    10 july 2001 09:21:00
    Cape Town- South Africa (PANA) -- South Africa's Palabora Mining Company (Palamin) and a consortium of banks have concluded a 125 million-dollar funding deal that will help extend the life of Palamin's copper and vermiculite mining operation. Full text...

  • Namibia's latest exchange rates
    10 july 2001 09:09:00
    Windhoek- Namibia (PANA) -- Here are the daily foreign exchange rates for Tuesday as provided by the First National Bank (FNB) Namibia. Full text...

  • Exxonmobil welcomes African agreement
    10 july 2001 09:04:00
    Cape Town- South Africa (PANA) -- ExxonMobil on Monday welcomed commitments to phase out leaded gasoline in sub-Saharan Africa. Full text...

  • DR Congo's reform programme gets IMF kudos
    09 july 2001 22:25:00
    Kinshasa- DR Congo (PANA) -- The International Monetary Fund has expressed satisfaction with early results in DR Congo's interim structural reform programme, Kinshasa sources affirmed Monday. Full text...

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