Lusaka- Zambia (PANA) -- The Zambian kwacha continued its nose dive and by Tuesday morning it was exchanging for 3,430 units against the greenback while indications on the foreign exchange market shower higher demand than supply. Full text...

Lusaka- Zambia (PANA) -- The all share index on the Lusaka Stock Exchange rose by about 1. Full text...

Lusaka- Zambia (PANA) -- Zambian Breweries Plc has more than doubled its annual after-tax profits from the 4,776 million kwacha of last year to a new level of 10,035 million kwacha. Full text...

Cape Town- South Africa (PANA) -- South African Reserve Bank (SARB) governor Tito Mboweni on Monday convened a meeting in Pretoria of leading academic, private sector, government, trade union and SARB economists to discuss economic developments. Full text...

Kinshasa- DR Congo (PANA) -- Prices of petroleum products have risen steeply since Sunday in Kinshasa where a litre of super has increased by 300 percent from 70 to 280 Congolese francs. Full text...

Abidjan- Cote d'Ivoire (PANA) -- Thirty nine African countries have had no access to non-concessionary resources of the African Development Bank (ADB) since 1995, ADB president Omar Kabbaj has said. Full text...

Dakar- Senegal (PANA) -- Senegal's President Abdoulaye Wade has acquiesced to calls for the merging into a single document, of his Omega development plan for Africa and another by Presidents Thabo Mbeki of South Africa. Full text...

Windhoek- Namibia (PANA) -- The authorities in Windhoek have acknowledged tourism as among the leading industries making significant GDP contributions. Full text...

Lagos- Nigeria (PANA) -- Following is the daily equities trading at the Nigeria Stock Exchange for Monday 28 May 2001. Full text...

Windhoek- Namibia (PANA) -- Namibian Prime Minister Hage Geingob Monday urged African countries to develop the continent's unexploited potential in cultural, sports and eco-tourism. Full text...

Accra- Ghana (PANA) -- The Ghana Stock Exchange (GSE) All-Share Index, the market indicator of the Accra bourse, opened the week flat at 894. Full text...

Nairobi- Kenya (PANA) -- Kenya government loses more than 4 billion shillings annually to suppliers of counterfeit products, an industrialist has charged. Full text...

Cape Town- South Africa (PANA) -- World leaders, Accenture and Microsoft South Africa have joined forces with Financial Mail/ Future Company to bring South Africa the most important event for successful business in the third millennium. Full text...

Nairobi- Kenya (PANA) -- Authorities at Kenya Airways Monday confirmed taking delivery of the company's first Being 767-300 ER aircraft as part of its fleet modernisation programme. Full text...

Dar es Salaam- Tanzania (PANA) -- The hospitality industry in Tanzania's federated island of Zanzibar is targeting a 5. Full text...

Lagos- Nigeria (PANA) -- Even with opposition to the deregulation of the oil sector still growing, Nigeria's federal government has taken the first step to open up the troubled downstream oil sector. Full text...

Yaounde- Cameroon (PANA) -- The association of active women in the Cameroonian town of Ngoumou have inaugurated a cassava mill funded by the association and the UNDP. Full text...

Dar es Salaam- Tanzania (PANA) -- Finance ministers from the East African Community members states of Tanzania, Kenya and Uganda are urging authorities in their countries to expedite the formation of a regional stock exchange. Full text...

Abidjan- Cote d'Ivoire (PANA) -- Some 500 delegates from some forty countries are scheduled to convene the 28th Conference of the African Insurance Organisation 27-31 May in Abidjan, organisers of the meeting said. Full text...

Dar es Salaam- Tanzania (PANA) -- Germany is to grant Tanzania 40 million deutsche marks to support the implementation of several rural water supply and health projects in the country. Full text...

Abidjan- Cote d'Ivoire (PANA) -- Ivorian women on Friday officially launched subscriptions for a bank created recently to finance the activities of women entrepreneurs. Full text...

Dakar- Senegal (PANA) -- The euphoria evoked by the much-touted launch of the African Union 26 May, certainly masks the chronic economic ill-health of a marginalised continent, which accounts for less than two percent of the total world trade. Full text...

Nyanga- Zimbabwe (PANA) -- The gloomy faces Zimbabwe's mining industry captains wore as they assembled in this resort town for their annual summit unmistakably said it all: tough times are still ahead. Full text...

Nairobi- Kenya (PANA) -- A Kenyan minister has predicted the imminent collapse of the country's motor industry due to the influx of cheap imports. Full text...

Nairobi- Kenya (PANA) -- Kenya has obtained a grant of 12 million euro (about 10. Full text...

Nairobi- Kenya (PANA) -- African trade unions have been challenged to fight against the side effects of market liberalisation in the continent. Full text...

Lusaka- Zambia (PANA) -- The Zambian kwacha continued to lose more ground Thursday as it plummeted to 3,495 units against the greenback in Bureaux de Change while at the Central Bank it was dealing at 3,375 kwacha to one dollar. Full text...

Nouakchott- Mauritania (PANA) -- Mauritanians have gone frenzy over the news of offshore oil discovery in their country by the Australian company, Woodside. Full text...

Cape Town- South Africa (PANA) -- Foreign minister Nkosasana Dlamini-Zuma is currently in Cairo attending the 6th Summit of the Common Market of Eastern and Southern Africa (Comesa) as an observer in accordance to a 1997 SADC decision that both bodies co-exist. Full text...

Accra- Ghana (PANA - Five former officials of Ghan-a government Wednesday appeared before the High Court in Accra to answer charges of causing heavy financial loss to the state through a phantom rice project. ) Full text...

Praia- Cape Verde (PANA) -- The people of the Cape Verdian Archipelago have planned a private sector development meeting for Friday and Saturday in Praia to examine problems the country was experiencing in fisheries, agriculture, trade, industry, services and tourism Some 300 participants will attend the meeting, which was organised by several organisations, including the chamber of commerce, industry and agriculture as well as the government. Full text...

Maputo- Mozambique (PANA) -- The French government on Wednesday made available 6. Full text...

Lusaka- Zambia (PANA) -- Zambia's Public Interest Foundation Organisation Wednesday called on the government to probe reports of poor conditions of service given employees in the private sector in order to ensure that they are not abused. Full text...

Nouakchott- Mauritania (PANA) -- The repercussions of global recession could be catastrophic for developing countries, UNDP resident representative in Mauritania, Michel de la Taille said in Nouakchott. Full text...

Port-Louis- Mauritius (PANA) -- Mauritian trade unions and employers have rejected a 5-percent salary compensation to workers offered by the government on Wednesday. Full text...

Accra- Ghana (PANA) -- Standard Chartered Bank (SCB), the second most capitalised equity on the Ghana Stock Exchange after Ashanti Goldfields Company, lost a whopping 700 cedis to push the benchmark GSE All-Share Index down by 5. Full text...

Accra- Ghana (PANA) -- West African Justice Ministers have called for a joint international diplomatic and legal action to retrieve illegal wealth stashed in financial institutions abroad. Full text...

Accra- Ghana (PANA) -- Nigerian Justice Minister Justice Musa Elayo Abdullahi, said Wednesday in Accra that overseas institutions that keep stolen State money should be punished along with the principal culprits. Full text...

Abuja- Nigeria (PANA) -- The much-awaited trial of top public office holders by Nigeria's anti-corruption Commission began in the nation's capital, Abuja, Wednesday without any of the speculated big names on the cause list. Full text...

Cairo- Egypt (PANA) -- Namibian President Sam Nujoma, has appealed to leaders of the Common Market for Eastern and Southern African (COMESA), countries to avoid conflicts so as to enjoy the benefits of the Free Trade Area (FTA) launched by the region in Lusaka last year. Full text...

Cairo- Egypt (PANA) -- Egyptian President Hosni Mubarak Wednesday allayed fears by some members of the Common Market for Eastern and Southern Africa (COMESA) that accession to a free trade area (FTA) would result in decreased members' trading revenue. Full text...

Lusaka- Zambia (PANA) -- The Zambia Congress of Trade Unions, (ZCTU) has challenged the government to clear allegations of corruption and mismanagement of funds reported by a section of the country's media. Full text...

Rabat- Morocco (PANA) -- Senegal's ambassador to Morocco Doudou Diop has called on Moroccan and Senegalese businessmen to enhance trade links to compliment the existing excellent relations between the top leadership in the two countries. Full text...

Dakar- Senegal (PANA) -- The Abidjan-based African Development Fund (ADF) has approved a loan of 10 million Units of Account (approximately 12. Full text...

Khartoum- Sudan (PANA) -- Sudan has obtained a loan of 10 million U. Full text...

Khartoum- Sudan (PANA) -- The United Arab Emirates (UAE) has lifted its ban on livestock imports from Sudan, Mohammed Salih Jabalabi, under-secretary of animal resources announced Tuesday in Khartoum. Full text...

Maputo- Mozambique (PANA) -- The director general General Director of the Zambezi Development Planning Office (GPZ), Sergio Vieira, has expressed hopes that tobacco leaf production in the western Mozambican province of Tete would reach 10,000 tonnes in the 2001 crop season. Full text...

Windhoek- Namibia (PANA) -- An American observer has acknowledged Namibia's small-time jewel sector as not only well established but also of high standards and rapidly growing. Full text...

Addis Ababa- Ethiopia (PANA) -- Ethiopia's privatisation agency has sold over 3 billion birr (over 357 million US dollars) by selling 200 state-owned businesses nationalised by the Marxist military regime of former dictator Mengistu Haile Mariam, the official press reported Tuesday. Full text...

Lusaka- Zambia (PANA) -- The giant South African sugar manufacturing company, Illovo Sugar Limited, has wrestled a substantial amount of shares from minority shareholders to hoist its total volume to more than 89 percent of the shareholding in Zambia Sugar Plc. Full text...