Economy -
  • Nigeria: Nigeria in recession as GDP growth slides further by -2.06%
    31 august 2016 10:07:07
    Abuja, Nigeria (PANA) - The Nigeria National Bureau of Statistics (NBS) on Wednesday released the Gross Domestic Product (GDP) figures for the second quarter of 2016 that indicate the economy is technically in recession. Full text...

  • Senegal: Wednesday's forex rates for the Gambian Dalasi
    31 august 2016 09:57:13
    Dakar, Senegal (PANA) – The following are Wednesday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Nigeria: Nigeria, UK sign MoU on return of stolen Nigerian funds
    31 august 2016 08:04:06
    Abuja, Nigeria (PANA) – The Nigerian Federal Government has signed a Memorandum of Understanding (MoU) with the British Government on the modalities for the return of stolen Nigerian assets. Full text...

  • Mauritius: Mauritius hosts SADC workshop on cyber-security
    31 august 2016 07:09:35
    Balaclava, Mauritius (PANA) – Mauritian Technology, Communication and Innovation Minister, Mr Etienne Sinatambou, has said that emerging technologies such as cloud computing, the internet and big data, and the digital landscape offer unlimited opportunities. Full text...

  • Ghana: Wednesday's exchange rates for Ghana cedi
    31 august 2016 06:56:26
    Accra, Ghana (PANA) - The following are Wednesday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Senegal: IMF encourages Senegal to maintain sustainable, inclusive growth
    30 august 2016 16:51:13
    Dakar, Senegal (PANA) - Senegal's macroeconomic framework remains stable with robust growth, supported by a satisfactory budget execution in the first six months, but customs revenues were below the programme target, an International Monetary Fund (IMF) mission observed Tuesday on conclusion of its two-week visit to Dakar. Full text...

  • Mauritius: Muaritius hosts African Ministerial Confab on Ocean Economies, Climate Change
    30 august 2016 13:44:59
    Balaclava, Mauritius (PANA) - The World Bank Group, in collaboration with Mauritius, is organizing the African Ministerial Conference on Ocean Economies and Climate Change from 1-3 September, 2016, in Mauritius, PANA learnt on Tuesday from official sources in the Mauritian capital. Full text...

  • US: Ethiopian Airlines to launch new route to Comoros
    30 august 2016 11:14:44
    New York, US (PANA) - Ethiopia's national carrier, Ethiopian Airlines, says it has finalised preparations to launch flights to Moroni, Comoros, on 30 October. Full text...

  • Senegal: Tuesday's forex rates for the Gambian Dalasi
    30 august 2016 06:24:47
    Dakar, Senegal (PANA) – The following are Tuesday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Ghana: Tuesday's exchange rates for Ghana cedi
    30 august 2016 06:03:11
    Accra, Ghana (PANA) - The following are Tuesday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • US: Emirates airline upgrades flights to Khartoum
    29 august 2016 13:30:47
    New York, US (PANA) - The World's leading airline, Emirates, on Monday said it will upgrade its flights service between Dubai, United Arab Emirates (UAE), and Khartoum, Sudan, with the deployment of a larger Boeing 777-300ER on the route from 1 September. Full text...

  • Mauritius: Mauritius to host conference on Ocean Economy and Climate Change
    29 august 2016 11:47:09
    Port-Louis, Mauritius (PANA) - A two-day African Ministerial Conference on Ocean Economy and Climate Change opens on Thursday in Mauritius. Full text...

  • Senegal: Monday's forex rates for the Gambian Dalasi
    29 august 2016 09:41:23
    Dakar, Senegal (PANA) – The following are Monday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Ghana: Monday's exchange rates for Ghana cedi
    29 august 2016 06:58:21
    Accra, Ghana (PANA) - The following are Monday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Kenya: African leaders urge Japanese firms to invest in Africa
    28 august 2016 18:35:17
    Nairobi, Kenya (PANA) - African Union Chairman Idris Deby, on Sunday called on the Japanese government to continue emphasising the need for Japanese firms to invest in Africa. Full text...

  • Nigeria: Buhari assures foreign investors of security, protection of investments
    28 august 2016 13:31:21
    Abuja, Nigeria (PANA) – Nigerian President, Muhammadu Buhari, on Saturday night, “strongly assured” existing and prospective foreign investors that their investments in Nigeria will be fully secured and protected. Full text...

  • Kenya: Japan announces big increase in aid to Africa
    27 august 2016 12:32:06
    Nairobi, Kenya (PANA) - Japanese Prime Minister Shinzo Abe has announced a big increase in the amount of Japanese aid to Africa, rising to US$30 billion over the next three years to 2019, with a third of the amount set aside to modernise urban transport and power generation. Full text...

  • Senegal: Saturday's forex rates for the Gambian Dalasi
    27 august 2016 07:40:51
    Dakar, Senegal (PANA) – The following are Saturday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Kenya: AfDB, Japan announce US$3 bn initiative to boost growth, reduce poverty in Africa
    26 august 2016 19:58:39
    Nairobi, Kenya (PANA) - The African Development Bank (AfDB) and the Government of Japan announced Friday they have set a joint target to provide US$ 3 billion for private sector development in Africa during the next three years, substantially increasing the resources devoted to boosting economic growth and fighting poverty in the region. Full text...

  • Mauritius: Mauritian PM leads high-level delegation to TICAD VI in Kenya
    26 august 2016 17:46:06
    Port Louis, Mauritius (PANA) – Mauritian Prime Minister Sir Anerood Jugnauth left Port Louis on Friday with a high-level delegation to attend the 6thTokyo International Conference on African Development (TICAD VI) which will take place on 27-28 August 2016 in Nairobi, Kenya. Full text...

  • Nigeria: Militancy in Niger Delta cuts oil revenue by 50 per cent
    26 august 2016 16:59:49
    Abuja, Nigeria (PANA) – Nigeria has lost 50 per cent of its oil revenue due to attacks on crude oil pipelines and other facilities by Niger Delta militants, led notably by Niger Delta Avengers, Nigeria’s permanent secretary in the Federal Ministry of Finance, Mahmoud Dutse, has said. Full text...

  • US: World's oldest airline, KLM, to launch new routes to Namibia, Angola
    26 august 2016 14:36:52
    New York, US (PANA) - The World's oldest airline and the flag carrier of the Netherlands, KLM, on Friday said it is expanding its network of routes in October, offering three direct flights a week from Amsterdam to Windhoek, Nambia, via Luanda, Angola. Full text...

  • Rwanda: Friday's forex rates for Rwandan franc
    26 august 2016 08:17:35
    Kigali, Rwanda (PANA) - The following are Friday's foreign exchange rates for the Rwandan Franc, as issued by the National Bank of Rwanda. Full text...

  • Rwanda: Rwanda unveils new off-grid renewable energy support programme
    26 august 2016 06:47:14
    Kigali, Rwanda (PANA) - A new off-grid renewable energy support programme dedicated to supporting private sector companies to deliver energy access to an estimated 77,000 people in poor rural areas, and create 7,000 jobs in the East African nation, has been unveiled by the UK-based NGO, Energy 4 Impact. Full text...

  • Senegal: Friday's forex rates for the Gambian Dalasi
    26 august 2016 06:23:20
    Dakar, Senegal (PANA) – The following are Friday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Ghana: Friday's exchange rates for Ghana cedi
    26 august 2016 06:05:27
    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...

  • US: Afrexibank approves US$83 million for African businesses
    25 august 2016 17:18:13
    New York, US (PANA) - The African Export-Import Bank (Afreximbank) has approved US$83 million for African businesses engaged in factoring since 2012, the bank's Managing Director of Intra-African Trade Initiative, Ms. Kanayo Awani, has announced. Full text...

  • Rwanda: Thursday's forex rates for Rwandan franc
    25 august 2016 15:35:20
    Kigali, Rwanda (PANA) - The following are Thursday's foreign exchange rates for the Rwandan Franc, as issued by the National Bank of Rwanda. Full text...

  • Mauritania: Thursday's exchange rates for Ouguiya
    25 august 2016 15:33:08
    Nouakchott, Mauritania (PANA) – The Central Bank of Mauritania (BCM) on Thursday issued the following foreign exchange rates for the Ouguiya: Full text...

  • UN: ILO says youth unemployment to rise for the first time in 3 years
    25 august 2016 14:25:02
    New York, US (PANA) - With global youth unemployment expected to rise in 2016 for the first time in three years and the equally disturbing high levels of young people who work but still live in poverty, the UN International Labour Organization (ILO) has called for greater efforts to achieve sustainable economic growth and decent work. Full text...

  • Senegal: Thursday's forex rates for the Gambian Dalasi
    25 august 2016 11:45:09
    Dakar, Senegal (PANA) – The following are Thursday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Zambia: Zambia challenged to draw lessons from Chile’s good mining, fiscal policies
    25 august 2016 09:41:52
    Lusaka, Zambia (PANA) – Zambia has been urged to learn from the South American country of Chile, the world’s largest producer of copper, given the similarities between the two countries, from both a mining and broader economic perspective. Full text...

  • Mauritius: Thursday's forex rates for Mauritian Rupee
    25 august 2016 08:57:07
    Port-Louis, Mauritius (PANA) – The following are Thursday's foreign exchange rates for the Mauritian Rupee as issued by the Commercial Bank of Mauritius. Full text...

  • Ghana: Thursday's exchange rates for Ghana cedi
    25 august 2016 05:48:44
    Accra, Ghana (PANA) - The following are Thursday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Nigeria: Nigeria's Federal Executive Council approves 3-year budget framework
    24 august 2016 18:08:30
    Abuja, Nigeria (PANA) – Nigeria should ratify the World Trade Organisation (WTO) trade facilitation agreement, the Federal Executive Council (FEC) said Wednesday when it also approved a three-year Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) both for 2017-2019. Full text...

  • Nigeria: Japan donates US$9.7 million to boost electricity in Nigeria
    24 august 2016 15:28:12
    Abuja, Nigeria (PANA) – The Japanese Government, through the Japan International Cooperation Agency (JICA), has donated solar power worth US$9.7 million to the Federal Government of Nigeria to boost electricity in the country. Full text...

  • Kenya: Kenya passes new law to control bank interest rates
    24 august 2016 14:17:27
    Nairobi, Kenya (PANA) - Kenyan President Uhuru Kenyatta has signed a new law to control banks from raising interest rates beyond a specified rate set by the Central Bank, his office said on Wednesday. Full text...

  • Rwanda: Wednesday's forex rates for Rwandan franc
    24 august 2016 08:48:20
    Kigali, Rwanda (PANA) - The following are Wednesday's foreign exchange rates for the Rwandan Franc, as issued by the National Bank of Rwanda. Full text...

  • Mauritius: Wednesday's forex rates for Mauritian Rupee
    24 august 2016 08:44:00
    Port-Louis, Mauritius (PANA) – The following are Wednesday's foreign exchange rates for the Mauritian Rupee as issued by the Commercial Bank of Mauritius. Full text...

  • Senegal: Wednesday's forex rates for the Gambian Dalasi
    24 august 2016 06:36:03
    Dakar, Senegal (PANA) – The following are Wednesday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Ghana: Wednesday's exchange rates for Ghana cedi
    24 august 2016 06:24:13
    Accra, Ghana (PANA) - The following are Wednesday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • US: 'Global tourism grows despite terrorism, other challenges'
    23 august 2016 11:57:10
    New York, US (PANA) - Global tourism continues to register strong growth despite challenges from terrorism, political turmoil and global economic developments, according to new research by the World Travel and Tourism Council (WTTC). Full text...

  • Rwanda: RwandAir Express to launch new routes to Cotonou, Abidjan
    23 august 2016 10:14:10
    Kigali, Rwanda (PANA) - Rwandan flag carrier, RwandAir Express, will run flights between Benin's largest city, Cotonou and the main Ivorian city of Abidjan from 2 September, an official statement made available on Tuesday to PANA in Kigali said. Full text...

  • Rwanda: Tuesday's forex rates for Rwandan franc
    23 august 2016 09:45:53
    Kigali, Rwanda (PANA) - The following are Tuesday's foreign exchange rates for the Rwandan Franc, as issued by the National Bank of Rwanda. Full text...

  • Senegal: Tuesday's forex rates for the Gambian Dalasi
    23 august 2016 06:34:39
    Dakar, Senegal (PANA) – The following are Tuesday’s exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Full text...

  • Ghana: Tuesday's exchange rates for Ghana cedi
    23 august 2016 06:31:43
    Accra, Ghana (PANA) - The following are Tuesday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Nigeria: Islamic Development Bank opens country office in Nigeria
    22 august 2016 20:05:20
    Abuja, Nigeria (PANA) – The Islamic Development Bank Group (IDBG) on Monday formally opened its Nigeria Country Gateway Office in Abuja, saying it will focus its services on health, agriculture, infrastructure, small and medium-scale enterprise and regional integration. Full text...

  • Senegal: Monday's forex rates for Gambian Dalasi
    22 august 2016 13:40:26
    Dakar, Senegal (PANA) – The following are Monday’s foreign exchange rates for the Gambian currency, the Dalasi (D), as published by Trust Bank Gambia ltd: Full text...

  • Ghana: Monday's exchange rates for Ghana cedi
    22 august 2016 06:59:41
    Accra, Ghana (PANA) - The following are Monday's average interbank exchange rates for the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Uganda: Kampala to host second Uganda international oil, gas summit
    21 august 2016 09:30:59
    Kampala, Uganda (PANA) – Seeking to promote Uganda as an important global oil and gas resource holder, authorities in this East African country are preparing to host a prestigious conference from 22-23 November 2016, which will provide a platform for the government and state companies to discuss the development and best practice of the country’s already thriving oil and gas industry. Full text...

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