Economy -
  • Ghana: Tuesday's exchange rates for Ghana cedi
    28 october 2014 07:33:57
    Accra, Ghana (PANA) - The following are Tuesday's average inter-bank exchange rates for the Ghana cedi, as announced by the Ghana Association of Bankers: Full text...

  • Tanzania: Tuesday's forex rates for Shilling
    28 october 2014 06:52:48
    Dar es Salaam, Tanzania (PANA) - Following are Tuesday's exchange rates for the Tanzania Shilling, as issued by the Bank of Tanzania: Full text...

  • Nigeria: NIgerian economy needs US$5billion to retain current stability
    27 october 2014 19:36:23
    Abuja, Nigeria (PANA) – For Nigeria's economy to retain its current stability, the excess crude account which has been depleted to the tune of $4.1billion needs to be jerked up to $5billion, Minister of Finance and Coordinating Minister of Economy, Dr Ngozi Okonjo-Iweala said Monday in Abuja. Full text...

  • Mauritania: Monday's forex rates for Ouguiya
    27 october 2014 14:16:05
    Nouakchott, Mauritania (PANA) – Here are Monday's foreign exchange rates for the Mauritanian Ouguiya: Full text...

  • Nigeria: French trade mission to meet Nigerian firms, govt. agencies on agribusiness
    27 october 2014 13:22:12
    Lagos, Nigeria (PANA) - French companies engaged in the Agribusiness sector were due in Nigeria Monday (27Oct) on a four-day Business Development Trade Mission under the auspices of ADEPTA, according to ADEPTA Consultant Foluke Michael. Full text...

  • Cote d'Ivoire: Trading up at West African Bourse
    27 october 2014 11:56:29
    Abidjan, Cote d’Ivoire (PANA) - Trading at the West African regional stock exchange, BRVM, ended Friday on a high with the BRVM index 10 inching up from 254.01 to 255.16 points, representing an increase of 0.45%. Full text...

  • Zambia: Monday’s exchange rates for Kwacha
    27 october 2014 11:27:58
    Lusaka, Zambia (PANA) - Following are Monday's exchange rates for the Zambian kwacha, as released by the Bank of Zambia: Full text...

  • Mauritius: Monday's forex rates for Rupee
    27 october 2014 10:13:04
    Port-Louis, Mauritius (PANA) - Following are Monday's exchange rates for the Mauritian Rupee: Full text...

  • Senegal: Monday’s forex rates for Gambian Dalasis
    27 october 2014 08:46:03
    Dakar, Senegal (PANA) - Following are Monday’s exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Ghana: Monday's exchange rates for Ghana cedi
    27 october 2014 08:43:31
    Accra, Ghana (PANA) - The following are Monday's average inter-bank exchange rates for the Ghana cedi, as announced by the Ghana Association of Bankers: Full text...

  • Tanzania: Monday's forex rates for Shilling
    27 october 2014 08:18:47
    Dar es Salaam, Tanzania (PANA) - Following are Monday's exchange rates for the Tanzania Shilling, as issued by the Bank of Tanzania: Full text...

  • Senegal: Saturday’s forex rates for Gambian Dalasis
    25 october 2014 10:28:55
    Dakar, Senegal (PANA) – Following are Saturday’s foreign exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Tanzania: IMF official outlines key issues for Zimbabwe's policy reform agenda
    25 october 2014 09:24:29
    Dar es Salaam, Tanzania (PANA) - Welcoming the Zimbabwean authorities' intent to re-engage with the international financial community in addressing their country’s economic challenges, the International Monetary Fund (IMF)'s Director of African Department, Ms. Antoinette Monsio Sayeh, has highlighted four issues that are key to helping fast-track Zimbabwe's policy reform agenda. Full text...

  • Rwanda: Friday's forex rates for Rwandan franc
    24 october 2014 20:27:55
    Kigali, Rwanda (PANA) - Following are Friday's foreign exchange rates for the Rwandan franc. Full text...

  • Mauritania: Friday's forex rates for Mauritanian Ouguiya
    24 october 2014 16:51:07
    Nouakchott, Mauritania (PANA) - Following are Friday's foreign exchange rates for the Mauritanian Ouguiya: Full text...

  • Cote d'Ivoire: Trading on West African Bourse declines
    24 october 2014 16:18:48
    Abidjan, Côte d’Ivoire (PANA) - Trading at the West African regional stock exchange BRVM ended Thursday on the decline with the BRVM index 10 falling from 255.77 to 254.01 points, representing a decrease of 0.69%. Full text...

  • Gambia: Gambia adopts Citizens Budget concept
    24 october 2014 13:07:36
    Banjul, Gambia (PANA) - The Gambian government has adopted what it called "The Citizens' Budget", saying the measure is to better reflect on the requirements of citizens in national budgets and to be more accountable to them over the management of monies raised on their behalf. Full text...

  • Senegal: Friday’s forex rates for Gambian Dalasis
    24 october 2014 10:09:31
    Dakar, Senegal (PANA) – Following are Friday’s foreign exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Mauritius: Friday's forex rates for Rupee
    24 october 2014 08:24:27
    Port-Louis, Mauritius (PANA) - Following are Friday's foreign exchange rates for the Mauritian Rupee: Full text...

  • Tanzania: Friday's forex rates for Shilling
    24 october 2014 08:22:16
    Dar es Salaam, Tanzania (PANA) - Following are Friday's foreign exchange rates of the Tanzania Shilling, as issued by the Bank of Tanzania: Full text...

  • Ghana: Friday's forex rates for Ghana cedi
    24 october 2014 08:20:41
    Accra, Ghana (PANA) - The following are Friday's average interbank exchange rates for the Ghana cedi, as announced by the Ghana Association of Bankers. Full text...

  • Nigeria : Thursday's foreign exchange rates in Nigeria
    23 october 2014 19:46:15
    Lagos, Nigeria (PANA) - Following are Thursday's exchange rates for the Nigerian currency,the Naira as released by the Central Bank of Nigeria(CBN). Full text...

  • Nigeria: 'Sub-Saharan Africa accounts for 30% global oil discoveries'
    23 october 2014 14:11:20
    Lagos, Nigeria (PANA) - About 30% of global oil and gas discoveries in the past five years have come from sub-Saharan Africa, according to the World Energy Outlook Special Report. Full text...

  • Egypt: Afreximbank carries out training to boost African trade
    23 october 2014 13:38:30
    Cairo, Egypt (PANA) - The African Export-Import Bank (Afreximbank) is holding a series of back-to-back training activities to enhance the finance capabilities of African financial institutions and corporates, so the bank can achieve its mandate of expanding intra- and extra-African trade. Full text...

  • Gabon: Thursday's forex rates in Central Africa
    23 october 2014 12:47:45
    Libreville, Gabon (PANA) - The following are Thursday's exchange rates in central African states: Full text...

  • Tanzania: IMF team says DRC financial sector at crossroads, remains vulnerable
    23 october 2014 12:09:26
    Dar es Salaam, Tanzania (PANA) - Although reforms have been initiated in DR Congo's financial sector, the system remains shallow, highly dollarised and characterised by balance sheet fragility, the latest financial system stability assessment by the International Monetary Fund (IMF) has shown. Full text...

  • Senegal: Thursday’s forex rates for Gambian Dalasis
    23 october 2014 08:32:09
    Dakar, Senegal (PANA) - Following are Thursday’s exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Ghana: Thursday's exchange rates for Ghana cedi
    23 october 2014 08:06:17
    Accra, Ghana (PANA) - The following are Thursday's average inter-bank exchange rates for the Ghana cedi, as announced by the Ghana Association of Bankers: Full text...

  • Tanzania: Thursday's forex rates for Shilling
    23 october 2014 07:46:58
    Dar es Salaam, Tanzania (PANA) - Following are Thursday's exchange rates for the Tanzania Shilling, as issued by the Bank of Tanzania: Full text...

  • Nigeria: Wednesday's foreign exchange rates in Nigeria
    22 october 2014 22:26:55
    Lagos, Nigeria (PANA) - Here are the latest exchange rates for the Nigerian currency, the Naira, against other major foreign currencies, as released by the Central Bank of Nigeria (CBN). Full text...

  • Senegal: Zimbabwe obtains US$3 million credit line from BADEA
    22 october 2014 22:14:14
    Dakar, Senegal (PANA) - The Arab Bank for Economic Development in Africa (BADEA) and Zimbabwe on Wednesday signed a US$3 million a loan agreement towards financing a Line of Credit to Zimbabwe's Small and Medium Scale Enterprises Development Corporation (SMEDCO). Full text...

  • Gabon: Wednesday's forex rates in Central Africa
    22 october 2014 17:17:13
    Libreville, Gabon (PANA) – Exchange rates issued Wednesday by the Bank of Central African States (BEAC) indicated a rise of both the Canadian Dollar and the Pound Sterling. Full text...

  • Côte d'Ivoire: Trading at the West African bourse drops
    22 october 2014 15:55:34
    Abidjan, Côte d’Ivoire (PANA) – The West African regional bourse (BRVM) closed trading Tuesday down, with the BRVM 10 index dropping from 258.38 points to 256.16 points, a decrease of 0.86%. Full text...

  • Rwanda: Wednesday's forex rates for Rwandan franc
    22 october 2014 15:31:19
    Kigali, Rwanda (PANA) - Following are Wednesday's foreign exchange rates for the Rwandan franc: Full text...

  • Kenya: Kenya pitches for re-election to ITU
    22 october 2014 12:17:43
    Nairobi, Kenya (PANA) - Kenya's Information, Communication and Technology Cabinet Secretary Fred Matiangi Wednesday appealed to member states of the International Telecommunication Union (ITU) to re-elect Stanley Kibe to the Radio Regulations Board (RRB) of the Union. Full text...

  • Mauritius: Wednesday's forex rates for Rupee
    22 october 2014 11:57:39
    Port-Louis, Mauritius (PANA) - Following are Wednesday's exchange rates for the Mauritian Rupee: Full text...

  • Senegal: Wednesday’s forex rates for Gambian Dalasis
    22 october 2014 08:15:41
    Dakar, Senegal (PANA) - Following are Wednesday’s exchange rates for the Gambian currency, the Dalasis (D): Full text...

  • Tanzania: Airtel debuts East African cross border money service
    22 october 2014 07:54:08
    Dar es Salaam, Tanzania (PANA) - Bharti Airtel plans to launch a cross border money transfer product in East Africa as a first in market initiative across the continent that will enable Airtel Money customers to send, receive and withdraw money from their Airtel Money wallets. Full text...

  • Ghana: Wednesday's exchange rates for Ghana cedi
    22 october 2014 07:31:28
    Accra, Ghana (PANA) - The following are Wednesday's average inter-bank exchange rates for the Ghana cedi, as announced by the Ghana Association of Bankers: Full text...

  • Tunisia: EU grants Tunisia 200 million euros aid
    21 october 2014 20:24:57
    Tunis, Tunisia (PANA) – Tunisia is to receive 200 million euros aid from the European Union (EU) under a memorandum of understanding signed in Tunis on Tuesday. Full text...

  • Nigeria: Tuesday's foreign exchange rates in Nigeria
    21 october 2014 19:17:19
    Lagos, Nigeria (PANA) - Following are the latest exchange rates for the Nigerian currency,the Naira as released by the Central Bank of Nigeria(CBN): Full text...

  • Senegal: ‘Economic independence of the FCFA system requires a split with the French Treasury’
    21 october 2014 18:27:34
    Dakar, Senegal (PANA) - Dr Babacar Sène, a Senegalese lecturer and researcher at the Faculty of Economic Sciences and Management at Cheikh Anta Diop University of Dakar, has stressed the need for “budgetary and political federalism” for West African states as a prerequisite for a viable monetary union. Full text...

  • Togo: Togolese economist argues for fixed exchange rates for ECOWAS currencies
    21 october 2014 17:29:02
    Lomé, Togo (PANA) - Countries with weak economies, such as those of the Economic Community of West African States (ECOWAS), need currencies with fixed and not floating exchange rates, says Aimé Tchabouré Gogué, a retired professor of Economics at the University of Lomé. Full text...

  • Burkina Faso: Political barriers hamper ECOWAS monetary union – Economist says
    21 october 2014 16:35:51
    Ouagadougou, Burkina Faso (PANA) – Former Governor of the Central Bank of West African States (CBWAS) Damo Justin Barro says that effective monetary integration could favour an acceleration of the process of monetary integration of member-countries of the Economic Community of West African States (ECOWAS). Full text...

  • Senegal: 'It is getting easier to start business in Africa'
    21 october 2014 13:36:26
    Dakar, Senegal (PANA) - Good Governance Africa (GGA), a research and advocacy body trying to improve governance performance in Africa, said Tuesday its findings show it is getting easier to start business in Africa. Full text...

  • Zambia: Tuesday’s exchange rates for Kwacha
    21 october 2014 13:14:09
    Lusaka, Zambia (PANA) - Following are Tuesday's exchange rates for the Zambian kwacha, as released by the Bank of Zambia: Full text...

  • Ghana: Ghana hopes gas to flow soon to ease electricity shortfall
    21 october 2014 12:32:21
    Accra, Ghana (PANA) - With Ghana struggling to overcome huge challenges in its electricity generation, officials are heaving a sigh of relief that its own gas produced offshore in the west of the country would come on stream in the next few weeks to fire thermal plants that have been starved of gas from Nigeria. Full text...

  • Cote d'Ivoire: Trading down at West African Bourse
    21 october 2014 12:15:23
    Abidjan, Cote d’Ivoire (PANA) - Trading at the West African regional stock exchange, BRVM, ended Monday on the decline, with the BRVM Index 10 falling from 261.50 points to 258.38 points, representing a decrease of 1.19%. Full text...

  • Kenya: Kenya committed to global digital agenda - Official
    21 october 2014 11:24:16
    Nairobi, Kenya (PANA) - Kenya is committed to supporting the global digital agenda activities espoused of the International Telecommunication Union (ITU), Information Communication and Technology Cabinet Secretary Fred Matiangi has said. Full text...

  • Kenya: Kenya Airways boosts fleet with two new planes
    21 october 2014 11:15:03
    Nairobi, Kenya (PANA) - Kenya Airways has received two new modern planes with state-of-the-art features, bringing the number of its active aircraft to 40. Full text...

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