Economy -
  • DR Congo put measures in place to stabilise economy
    06 june 2001 14:34:00
    Kinshasa- DR Congo (PANA) -- The DR Congo government is on a campaign to extend and explain recent economic and financial measures adopted to stabilise the country's macro-economic environment. Full text...

  • Banana industry under threat, say experts
    06 june 2001 14:13:00
    Yaounde- Cameroon (PANA) -- The banana industry is under threat in Cameroon, as the Cotonou Agreement between the EU and the ACP countries allocated the country a quota of 160,000 tonnes, out of a total production of 250,000 tonnes, according to experts and operators in Yaounde. Full text...

  • Damage to power-line disrupts electricity supply
    06 june 2001 13:50:00
    Lagos- Nigeria (PANA) -- Nigeria's power company NEPA has announced power disruption in 13 of the country's 36 States due to the vandalisation of its 330-KV transmission line between the mid-western Benin city and the south-eastern city of Onitsha. Full text...

  • Protests mark start of World Economic Forum Summit
    06 june 2001 13:23:00
    Cape Town- South Africa (PANA) -- A number of peaceful protests against the World Economic Forum/Southern Africa Economic Summit were Wednesday being staged in major cities around South Africa as the Summit got underway in the port city of Durban. Full text...

  • South Africans cry out against fuel hike
    06 june 2001 08:32:00
    Johannesburg- South Africa (PANA) -- South Africans have angrily reacted to a 14-cent hike in the price of a litre of petrol, effective Wednesday. Full text...

  • Morocco's energy bill soars to 2.14 billion dollars
    05 june 2001 22:22:00
    Rabat- Morocco (PANA) -- Morocco spent 2. Full text...

  • NSE Daily Equities Trading
    05 june 2001 21:28:00
    Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigeria Stock Exchange for Tuesday when a total of 14. Full text...

  • Authorities shut up bank linked to money laundering
    05 june 2001 21:04:00
    Lusaka- Zambia (PANA) -- The Bank of Zambia Tuesday closed down United Bank of Zambia which is currently under probe for suspected money laundering by its top managers. Full text...

  • Ethiopia to host international conference on ICT
    05 june 2001 17:52:00
    Addis Ababa- Ethiopia (PANA) -- A conference on Ethiopia's Information and Communication Technology and its development has been scheduled for 18-20 June in Addis Ababa. Full text...

  • Absa and Dimension Data form alliance in South Africa
    05 june 2001 17:21:00
    Cape Town- South Africa (PANA) -- Financial services group, Absa, has formed a strategic alliance valued at approximately 12. Full text...

  • Debt, the Gordian knot of development in Africa
    05 june 2001 17:04:00
    Dakar- Senegal (PANA) -- While the continent continues to be associated with natural disasters which in fact affect the entire world (AIDS, tuberculosis, malaria), debt, another "silent disaster," continues to inhibit Africa's development. Full text...

  • Cross listing of stock exchanges to boost integration
    05 june 2001 16:26:00
    Paris- France (PANA) -- With international trends currently pointing to mergers of stock exchanges, the East African Community has likewise embarked on moves aimed at creating a single regional stock exchange to mobilise financial resources to drive private sector activity. Full text...

  • Cote d'Ivoire not due French assistance before 2002
    05 june 2001 15:48:00
    Abidjan- Cote d'Ivoire (PANA) -- The French government has, to the disappointment of the authorities in Abidjan, ruled out any possibility of resuming economic assistance to Cote d'Ivoire before 2002. Full text...

  • Kenya Airways boosts investment
    05 june 2001 15:15:00
    Nairobi- Kenya (PANA) -- Kenya Airways is to invest a staggering 81 billion Kenyan shillings (1US dollar = 80 Ksh) in the improvement of its fleet and customer service, managing director Brian Presbury hinted at the start of the week. Full text...

  • Mali ships cotton via Lome
    05 june 2001 14:58:00
    Lome- Togo (PANA) -- A convoy of eleven trucks, loaded with 230 tonnes of Malian cotton, arrived in Lome Port at the weekend, where Mali's textile exports would henceforth transit. Full text...

  • South Korean company invests in Kinshasa public transport
    05 june 2001 14:46:00
    Kinshasa- DR Congo (PANA) -- South Korean group Komyung has announced it is setting up a public transport company named "Congo Korea Trans" in Kinshasa that would operate 500 buses. Full text...

  • SADC energy ministers to visit Inga dam
    05 june 2001 14:14:00
    Kinshasa- DR Congo (PANA) -- Energy ministers from the Southern Africa Development Community (SADC) will soon visit the Inga hydroelectricity dam in DR Congo, Kinshasa sources hinted Tuesday. Full text...

  • Share index goes down on the Lusaka Exchange
    05 june 2001 13:36:00
    Lusaka- Zambia (PANA) -- The all share index on the Lusaka Stock Exchange has gone down by more than five points after the share price for the Standard Chartered Bank stock went down by two kwacha (1 USD = K3,000). Full text...

  • Nigeria seeks Switzerland's help on looted funds
    05 june 2001 13:10:00
    Lagos- Nigeria (PANA) -- Nigeria has renewed its call for assistance from the Swiss government to recover billions of naira in public funds, allegedly stolen by top officials of previous governments and stashed away in Swiss and other European banks. Full text...

  • Zimbabwe and recovery plan to dominate economic summit
    05 june 2001 12:54:00
    Cape Town- South Africa (PANA) -- The political crisis in Zimbabwe and the Millennium Africa Recovery Plan (MAP) are expected to dominate the World Economic Forum's (WEF) Southern African Economic Summit which begins in Durban on Wednesday. Full text...

  • Investors eye Malawi's mining industry
    04 june 2001 19:33:00
    Lilongwe- Malawi (PANA) -- A top South African mining company and several other British firms are soon expected to venture into multi-million kwacha mining projects in Malawi's potentially rich but untested mining industry. Full text...

  • Ethiopia gets 112 million-dollar IMF loan
    04 june 2001 19:07:00
    Addis Ababa- Ethiopia (PANA) -- The International Monterey Fund (IMF) has approved 112 million dollars loan to support Ethiopia's economic reforms over three years, the press reported in Addis Ababa Monday. Full text...

  • Bank of China entrenches itself in Zambia
    04 june 2001 18:27:00
    Lusaka- Zambia (PANA) -- The Zambian branch of the Bank of China (BOC) has consolidated its hold on the local market with its total assets rising to 47,485. Full text...

  • Reserve Bank's Gold, Forex reserves unchanged
    04 june 2001 18:08:00
    Cape Town- South Africa (PANA) -- The South African Reserve Bank Monday announced that its provisional gross gold and foreign exchange reserves amounted to 7. Full text...

  • Shell to establish filling stations
    04 june 2001 18:00:00
    Lagos- Nigeria (PANA) -- Anglo-Dutch oil giant Shell, is joining the fuel retail business in Nigeria by establishing filling stations across the country. Full text...

  • Authorities investigate bankers for money laundering
    04 june 2001 16:47:00
    Lusaka- Zambia (PANA) -- Zambia's Drug Enforcement Commission (DEC) has seized passports of senior managers at the United Bank of Zambia following reports of money laundering at the financial institution. Full text...

  • Mogae to attend economic summit in South Africa
    04 june 2001 16:38:00
    Gaborone- Botswana (PANA) -- Botswana president Festus Mogae leaves Wednesday for South Africa to attend a regional economic summit in which he will lead discussions on leadership commitment in the fight against HIV/AIDS. Full text...

  • Zimbabwe's biggest car plant shut down
    04 june 2001 15:35:00
    Harare- Zimbabwe (PANA) -- Zimbabwe's biggest car assembly plant suspended production Monday due to what officials called lack of foreign currency to import components. Full text...

  • Spreading the seeds for African Renaissance
    04 june 2001 13:46:00
    Cape Town- South Africa (PANA) -- The post-apartheid South African government regards the upcoming OAU Summit in Lusaka as critical to its vision of creating a united African Union and progressing with the African Renaissance. Full text...

  • Mauritius records 2-percent increase in tourism
    03 june 2001 12:59:00
    Port Louis- Mauritius (PANA) -- Mauritius recorded a two- percent rise in the number of foreign tourists in the first quarter of this year as compared to the same period in 2000. Full text...

  • Equities transactions decline in Nigerian Stock Exchange
    02 june 2001 18:33:00
    Lagos- Nigeria (PANA) -- The Nigerian Stock Exchange (NSE) equities transacted during the week declined as a total of 93. Full text...

  • Sudan gets its first private locomotive
    02 june 2001 16:14:00
    Khartoum- Sudan (PANA) -- Sudan's first private railway locomotive was delivered at the Red Sea harbour of Port Sudan, press reports said Saturday. Full text...

  • Mogae warns against world recession
    02 june 2001 14:27:00
    Gaborone- Botswana (PANA) -- Botswana president Festus Mogae Friday warned that the expected slow-down in the world economy could adversely affect his country. Full text...

  • Cameroon signs oil contract with American Company
    01 june 2001 23:55:00
    Yaounde- Cameroon (PANA) -- The Cameroonian government and America's RSM Production Corporation, have signed a contract for the exploration and exploitation of hydrocarbons on Cameroon's Douala/Kribi on-shore basin. Full text...

  • Experts clear mining code for DR Congo
    01 june 2001 23:08:00
    Kinshasa- DR Congo (PANA) -- Local and international experts as well as stakeholders in the country's mining sector have finished examining the draft of a new mining code for DR Congo, due submission to President Joseph Kabila for enactment. Full text...

  • EU, Guinea Bissau in new fisheries agreement
    01 june 2001 21:55:00
    Brussels- Belgium (PANA) -- A five-year fisheries signed between the European Union and Guinea-Bissau is due in force beginning next 16 June. Full text...

  • CEMAC, CEEAC member states meet in Yaounde
    01 june 2001 21:16:00
    Yaounde- Cameroon (PANA) -- Trade ministers of the Central African Economic and Monetary Community (CEMAC) and the Central African Economic Community (CEEAC) have been meeting in Yaounde since Thursday ahead of negotiations between the European Union and ACP countries due in September next year. Full text...

  • Moi puts a smile on workers faces
    01 june 2001 20:15:00
    Nairobi- Kenya (PANA) -- Kenyan workers had cause to cheer up Friday, after President Daniel arap Moi promised them he would award salary increases to public servants as from July. Full text...

  • COMESA scouts for funds for sub regional telecom project
    01 june 2001 20:04:00
    Lusaka- Zambia (PANA) -- The Common Market for Eastern and Southern Africa (COMESA) is looking for financial resources to support national telecom operators in member states interested in the Comtel project, known as Comesa Telecommunications Interconnectivity Network. Full text...

  • Striking Workers Turn Down Government Offer
    01 june 2001 18:20:00
    Lusaka- Zambia (PANA) -- Zambians have to brace themselves for a prolonged public workers' strike after trade union leaders Friday rejected a government offer of 35 percent increase in wages across the board. Full text...

  • No share transfers on dull Lusaka bourse
    01 june 2001 16:24:00
    Lusaka- Zambia (PANA) -- Lusaka Stock Exchange continued with an unusual slumber Friday with no share transfers taking place from among 16 companies either listed or quoted on it. Full text...

  • Oil marketing firms ignore government order on prices
    01 june 2001 16:12:00
    Lusaka- Zambia (PANA) -- Operators of petrol stations in Zambia Friday disregarded a government threat that it could suspend or revoke their trade licences if they did not revert to old pump prices. Full text...

  • Kwacha holds out on new exchange rate
    01 june 2001 15:30:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha clung desperately for the fourth consecutive day to 3430 units (buying) and 3500 units (selling) as new rates of exchange set on Tuesday for the greenback. Full text...

  • Zimbabwe Stocks Ease On Profit Taking
    01 june 2001 15:01:00
    Harare- Zimbabwe (PANA) -- Stocks on Zimbabwe's bourse, voted the best performer among emerging markets in April, eased Friday on massive profit taking after a strong rally in May. Full text...

  • Parliament adopts national budget of Guinea-Bissau
    31 may 2001 22:54:00
    Bissau- Guinea Bissau (PANA) -- Parliament in Bissau this week adopted a budget of about 94,000 million CFA francs (1 dollar = 700 FCFA) for Guinea-Bissau. Full text...

  • South African Tourism participates at EIBTM
    31 may 2001 22:01:00
    Cape Town- South Africa (PANA) -- South African Tourism is participating at the annual European Incentive Business Travel and Meetings exhibition (EIBTM), a global showcase for the international meetings industry. Full text...

  • Japan aids Mozambique with rural water supply funds
    31 may 2001 21:20:00
    Maputo- Mozambique (PANA) -- The Mozambican and Japanese governments on Thursday signed an agreement under which Japan is to provide 990 million yen (about 9. Full text...

  • Benin, Mali businessmen exchange experiences
    31 may 2001 20:39:00
    Cotonou- Benin (PANA) -- Some 60 businessmen from Benin and Mali Wednesday in Cotonou exchanged experiences in food processing. Full text...

  • French construction outfit to set up in Senegal
    31 may 2001 20:29:00
    Dakar- Senegal (PANA) -- A branch of Bouygues-Construction (France) would soon be set up in Senegal, an official of the French civil engineering company, Olivier Bouygues, announced in Dakar. Full text...

  • Financial expert attends business conference
    31 may 2001 19:44:00
    Cape Town- South Africa (PANA) -- Fortune magazine editor Thomas Stewart is visiting South Africa to deliver a keynote address at Friday's Accenture Future Company Conference in Johannesburg. Full text...

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