Economy -
  • Kenya: IMF pledges continued technical support to Somalia
    22 may 2017 18:03:29
    Nairobi, Kenya (PANA) - Somalia's economic growth is projected to decelerate to about 2.0 percent, and inflation to increase to above 3 percent this year as drought persists in the Horn of Africa, a mission of the International Monetary Fund (IMF) said on Monday, encouraging authorities in the country to step up efforts to develop local capacity and institutions. Full text...

  • Tanzania: Monday's exchange rates for Tanzania Shilling
    22 may 2017 08:43:10
    Dar es Salaam, Tanzania (PANA) - The following are Monday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • Ghana: Monday's exchange rates for Ghana cedi
    22 may 2017 05:39:27
    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...

  • India: AfDB President sees “Shared opportunities, deepening partnership” between Africa and India
    21 may 2017 12:22:26
    Ahmedabad, India (PANA) - The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has said he sees a bright future for Africa and India in “Shared opportunities and deepening partnership”. Full text...

  • Sudan: American ship calls at Port Sudan after decades of absence
    20 may 2017 12:57:30
    Khartoum, Sudan (PANA) - American sea liner APL docked at Port Sudan harbour on Friday after more than 20 years of absence of American ships in Sudanese sea ports. Full text...

  • Gambia: Saturday's forex rates for the Gambian Dalasi
    20 may 2017 08:07:32
    Banjul, Gambia (PANA) – The following are Saturday’s foreign exchange rates for the Gambian currency, the Dalasi (D), as published by Trust Bank Gambia Ltd: Full text...

  • Guinea-Bissau: IMF says firm fiscal discipline vital for Guinea-Bissau's economic rebound
    19 may 2017 18:28:37
    Bissau, Guinea-Bissau (PANA) - For Guinea-Bissau to maintain its currently positive economic trajectory, continued efforts will be needed to maintain and strengthen fiscal discipline and advance structural reforms, an International Monetary Fund (IMF) staff team concluded on Friday at the end of discussions on the third review of the country's IMF-supported programme under the Extended Credit Facility (ECF). Full text...

  • Senegal: Oil exploration indicates promising signs in Senegal
    19 may 2017 17:11:16
    Dakar, Senegal (PANA) - Cairn Energy, one of Europe's leading oil and gas exploration companies drilling for oil offshore Senegal, has announced the results of a successful appraisal well offshore the West African country. Full text...

  • Botswana: Botswana improves on MacDonald’s beef audit
    19 may 2017 14:59:49
    Gaborone, Botswana (PANA) - Botswana Meat Commission’s (BMC) abattoirs have performed exceptionally well, according to auditors SAI Global, who were acting on behalf of McDonalds. Full text...

  • South Africa: GM to close its SA operation
    19 may 2017 14:12:56
    Cape Town, South Africa (PANA) – Vehicle giant, General Motors (GM), has confirmed that it is shutting down its South Africa operation. Full text...

  • Saudi Arabia: BADEA loans Côte d'Ivoire, Niger US$20 million each
    19 may 2017 11:07:42
    Jeddah, Saudi Arabia (PANA) - The Arab Bank for Economic Development in Africa (BADEA) has signed two loan agreements with the Republics of Côte d’Ivoire and Niger totalling US$20 million, according to a statement issued by BADEA on Friday. Full text...

  • South Africa: IMF team sees modest recovery in South Africa's growth as drought abates
    19 may 2017 10:38:33
    Pretoria, South Africa (PANA) - South Africa’s rate of real GDP growth is projected at 1 percent in 2017 thanks to a resumption of solid agricultural production as the drought abates, and an increase in mining output prompted by a moderate rebound in the prices of its commodity exports, according an International Monetary Fund staff team that has just concluded the 2017 Article IV consultation discussions with South Africa. Full text...

  • Tanzania: Friday's exchange rates for Tanzania Shilling
    19 may 2017 10:34:59
    Dar es Salaam, Tanzania (PANA) - The following are Friday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • Ghana: Friday's exchange rates for Ghana cedi
    19 may 2017 05:44:23
    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...

  • Botswana: Trade unions demand transparency on mine sale in Botswana
    18 may 2017 14:29:57
    Gaborone, Botswana (PANA) - Botswana Federation for Public Sector Trade Unions (BOFEPUSO) intends to sue government for selling the country’s biggest copper producer BCL Mine. Full text...

  • Ethiopia: ECA official tasks Africa to stop raw exports
    18 may 2017 13:39:08
    Addis Ababa, Ethiopia (PANA) - Africa should stop the outdated pattern of exporting raw materials and primary goods to feed industries of the developed world, UN Economic Commission for Africa (ECA) Acting Executive Secretary Abdalla Hamdok said here on Thursday. Full text...

  • Tanzania: Thursday's exchange rates for Tanzania Shilling
    18 may 2017 06:22:08
    Dar es Salaam, Tanzania (PANA) - The following are Thursday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • Ghana: Thursday's exchange rates for Ghana cedi
    18 may 2017 05:46:02
    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...

  • Tanzania: IMF deputy chief urges reforms to unlock Tanzania's potential
    17 may 2017 17:27:52
    Dar es Salaam, Tanzania (PANA) - Affirming Tanzania's virtually unlimited upside for real development, sustainable economic growth, and measurable improvements in the lives of its citizens, International Monetary Fund (IMF) Deputy Managing Director Tao Zhang has challenged the government to adopt measures that would be greatly supportive of economic growth. Full text...

  • Gambia: Wednesday's forex rates for the Gambian Dalasi
    17 may 2017 08:18:33
    Banjul, Gambia (PANA) – The following are Wednesday’s foreign exchange rates for the Gambian currency, the Dalasi (D), as published by Trust Bank Gambia Ltd: Full text...

  • US: Anaemic growth in some regions hampers progress on Global Goals - Report
    17 may 2017 06:55:19
    New York, US (PANA) – Over the last six months, global economic progress has predictably picked up, but low-level growth in some regions has tempered efforts to meet globally agreed development goals, according to a new United Nations report launched on Tuesday in New York. Full text...

  • Ghana: Wednesday's exchange rates for Ghana cedi
    17 may 2017 06:17:17
    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...

  • Botswana: IMF urges Botswana to cut down red tape for private businesses
    17 may 2017 06:16:37
    Gaborone, Botswana (PANA) - Botswana's tax revenue reforms need to be accelerated to protect public finances against any adverse developments and maintain the country’s track record of sound fiscal management, a team from the International Monetary Fund (IMF) has suggested after discussions on the 2017 Article IV Consultation with the government. Full text...

  • Tanzania: Wednesday's exchange rates for Tanzania Shilling
    17 may 2017 06:10:31
    Dar es Salaam, Tanzania (PANA) - The following are Wednesday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • South Africa: African Utility Week kicks off without controversial Eskom CEO
    16 may 2017 11:03:36
    Cape Town, South Africa (PANA) – Brian Molefe, the controversial CEO of South Africa’s power utility Eskom, on Tuesday failed to deliver the opening address at the African Utility Week as protestors converged on the Cape Town International Convention Centre. Full text...

  • US: IMF advises Morocco to cut down high joblessness levels
    16 may 2017 08:55:51
    Washington, D.C., US (PANA) - Though sound economic fundamentals and overall strong record of policy implementation have contributed to a solid macroeconomic performance of Morocco in recent years, the country needs to increase its potential growth and reduce persistently high unemployment levels, according to the International Monetary Fund (IMF). Full text...

  • Morocco: One in four children lives in poverty in North Africa, Middle East - UNICEF
    16 may 2017 08:48:14
    Rabat, Morocco (PANA) – The UN children's fund (UNICEF) says poverty continues to impact at least 29 million children covering 11 countries in the Middle East and North Africa. Full text...

  • Tanzania: Tuesday's exchange rates for Tanzania Shilling
    16 may 2017 06:06:12
    Dar es Salaam, Tanzania (PANA) - The following are Tuesday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • Ghana: Tuesday's exchange rates for Ghana cedi
    16 may 2017 06:01:34
    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...

  • Zimbabwe: IMF urges more efforts to tackle corruption in Zimbabwe
    15 may 2017 19:09:31
    Harare, Zimbabwe (PANA) - While cash shortages hamper economic activities in Zimbabwe, the southern Africa country should demonstrate its openness for business and enhance efforts to tackle corruption, the International Monetary Fund (IMF) suggested Monday. Full text...

  • Rwanda: IMF team confirms 'good performance' of Rwanda's economy
    15 may 2017 17:39:56
    Kigali, Rwanda (PANA) - A preliminary agreement was concluded Monday between the International Monetary Fund (IMF) and Rwanda on policies that could support completion of the seventh and second reviews of the East African country's economic development programmes supported by the Fund. Full text...

  • Botswana: Inflation drops in Botswana
    15 may 2017 15:13:17
    Gaborone, Botswana (PANA) - Botswana’s annual inflation rate in April was 3.4 percent, a decrease of 0.1 of a percentage point on the March rate of 3.5 percent, the country’s data authority said on Monday. Full text...

  • Gambia: Monday's forex rates for the Gambian Dalasi
    15 may 2017 08:58:31
    Banjul, Gambia (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...

  • Tanzania: Monday's exchange rates for Tanzania Shilling
    15 may 2017 07:24:27
    Dar es Salaam, Tanzania (PANA) - The following are Monday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • Ghana: Monday's exchange rates for Ghana cedi
    15 may 2017 05:44:06
    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...

  • Egypt: IMF reaches staff-level deal on review of Egypt's extended support
    13 may 2017 08:40:22
    Cairo, Egypt (PANA) - Staff of the International Monetary Fund (IMF) and the Egyptian authorities have reached a staff-level agreement on the first review of Egypt’s economic reform programme supported by the IMF’s US$12 billion arrangement, but the agreement is subject to approval by the IMF’s Executive Board. Full text...

  • Gambia: Saturday's forex rates for Gambian Dalasis
    13 may 2017 08:38:21
    Banjul, Gambia (PANA) – The following are Saturday’s exchange rates for the Gambian Dalasis as published by Trust Bank Gambia Ltd: Full text...

  • Niger: 'Niger’s macroeconomic performance is satisfactory', says IMF Staff team
    12 may 2017 15:40:29
    Niamey, Niger (PANA) - An International Monetary Fund (IMF) staff team which visited Niamey, has said that Niger’s macroeconomic performance is satisfactory and that growth was estimated to have increased to 5 percent in 2016; from 4 percent in 2015, helped by a strong 2016/17 crop year, and a pick-up in oil production in late 2016. Full text...

  • Cote d'Ivoire: AfDB approves US$226.5m loan to boost economic governance, competitiveness in Namibia
    12 may 2017 15:01:52
    Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Bank (AfDB) has approved a loan of US$ 226.5 million to finance the Namibia Economic Governance and Competitiveness Support Programme (EGCSP). Full text...

  • Mali: IMF team finds hopeful economic performance in Mali
    12 may 2017 08:59:39
    Bamako, Mali (PANA) - Encouraged by the steady performance of the Malian economy, a visiting International Monetary Fund (IMF) staff team said on Thursday that the country's economic activity should remain strong in 2017. Full text...

  • Tanzania: Friday's exchange rates for Tanzania Shilling
    12 may 2017 06:03:35
    Dar es Salaam, Tanzania (PANA) - The Following are Friday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • Ghana: Friday's exchange rates for Ghana cedi
    12 may 2017 05:32:32
    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: Small, medium enterprises vital to achieving Global Goals – UN official
    12 may 2017 05:20:31
    New York, US (PANA) – By leveraging their ingenuity and creativity to harness new market opportunities, micro-, small and medium-sized enterprises can lead the way towards achieving the 2030 Agenda for Sustainable Development, a senior United Nations official said on Thursday in remarks to a high-level meeting on the issue. Full text...

  • Kenya: Retailers in Kenya deny hoarding essential food products
    11 may 2017 19:29:05
    Nairobi, Kenya (PANA) - Formal traders and owners of supermarket chains in Kenya have denied a role in the possible hoarding of essential commodities such as sugar, flour and dairy products, which have disappeared from retail stores as prices shoot up. Full text...

  • Kenya: Kenyatta seeks better trade deal with UK after Brexit
    11 may 2017 19:22:55
    Nairobi, Kenya (PANA) - Kenyan President Uhuru Kenyatta met British Prime Minister Teresa May and sought a pact to guarantee Kenyan exports accessed the UK market on a duty-free quota-free basis after the country exits from the European Union, the President's office said in a statement on Thursday. Full text...

  • Belgium: EU steps up bilateral financial aid to Tunisia
    11 may 2017 17:58:23
    Brussels, Belgium (PANA) - Tunisia on Thursday expressed its appreciation for the European Union's decision to increase the bilateral financial aid envelope for 2017 under the European Neighbourhood Instrument to euros 300 million, and to maintain an equivalent level of funding for the period 2018-2020. Full text...

  • Gambia: Thursday's forex rates for the Gambian Dalasi
    11 may 2017 09:48:05
    Banjul, Gambia (PANA) – The following are Thursday’s foreign exchange rates for the Gambian currency, the Dalasi (D), as published by Trust Bank Gambia Ltd: Full text...

  • Ghana: Thursday's exchange rates for Ghana cedi
    11 may 2017 06:30:25
    Accra, Ghana (PANA) - The following are Thursday's average interbank exchange rates of the Ghana cedi as announced by the Ghana Association of Bankers. Full text...

  • Tanzania: Thursday's exchange rates for Tanzania Shilling
    11 may 2017 06:27:31
    Dar es Salaam, Tanzania (PANA) - The following are Thursday's exchange rates for the Tanzania Shilling as issued by the Bank of Tanzania. Full text...

  • Kenya: African risk insurer warns of high cost of borrowing over political risk
    10 may 2017 18:45:37
    Nairobi, Kenya (PANA) – A regional political risk insurer, the African Trade Insurance Agency (ATI), has warned of political uncertainty across Africa, which has heightened risks faced by investors, saying it could force the region to lose new capital channelled by foreign investors. Full text...

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