Yaounde, Cameroon (PANA) - The African Union should speed up the formation of the African Monetary Fund (AMF), which would mark the turning point in Africa's efforts to rapidly industrialise, Cameroonian Prime Minister Joseph Dion Ngute said on Thursday Full text...
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AU sees state policies leading to major shift in intra-Africa trade
Yaoundé, Cameroon (PANA) - The European Union (EU) has become the biggest loser in the latest international trading trends observed by an African Union Commission research team, which shows exports mostly from East African countries to the Euro zone dropping by a massive 20% Full text...
AU finance ministers endorse proposed international sovereign rating agency
Yaoundé, Cameroon (PANA) – Ministers of finance, economy and planning approved a new roadmap towards the creation of a ratings agency on Tuesday to help provide sovereign rating services to countries and companies in order to enhance rapid access to the international debt markets Full text...
AU makes widespread reform proposals to drive African industrial growth
Yaoundé, Cameroon (PANA) - The African Union Commission has called on countries to rapidly ratify treaties aiming for the creation of the Central Bank, Monetary Fund and the Investment Bank to help mobilize the wealth required to finance rapid economic growth and create more jobs Full text...
Francophonie Secretary General expected to make first visit to Mali
Bamako, Mali (PANA) – The new Secretary General of the International francophonie organisation (OIF), Louise Mushikiwabo, who took office in January, will make her first visit to Bamako before the end of the year, she said at the end of talks with President Ibrahim Boubacar Kéita, on the sidelines of the 26 Pan-African cinema and television festival of Ouagadougou (FESPACO, which end at the weekend in the Burkina Faso capital Full text...
AU welcomes President Buhari's victory in Nigerian polls
Addis Ababa, Ethiopia (PANA)- African Union Commission Chairperson Moussa Faki Mahamat has congratulated Nigerian President Mohammadu Buhari for winning a second-term in office Full text...
Burundi’s Defence minister confirms withdrawal of 1,000 troops from AMISOM
Bujumbura, Burundi (PANA) – The Burundian minister of Defence and Former combatants, Emmanuel Ntahomvukiye, on Thursday confirmed the ‘’unilateral’’ and ‘’regrettable’’ decision of the African Union to have 1,000 troops of the 5,000 Burundian contingent withdrawn from the African peacekeeping Mission in Somalia, before the end of February Full text...
Burundi, Somalia call for "Urgent" Summit of troop-contributing countries to AMISOM
Bujumbura, Burundi (PANA) - Burundi and Somalia have called for an "urgent" Summit of Heads of State and Government of troop-contributing countries to the African Mission for Peacekeeping in Somalia (AMISOM), ahead of the end to their mandate before the end of this year, even as the threat of radical Islamists persists against the central government in Mogadishu Full text...
UN-AU task force expresses support to Lake Chad Basin Commission in fighting Boko Haram
UN-AU task force expresses support to Lake Chad Basin Commission in fighting Boko Haram
Addis Ababa, Ethiopia (PANA) – The United Nations (UN) and the African Union (AU) have reaffirmed their commitment to support the efforts of the Lake Chad Basin Commission in the implementation of the Regional Strategy for the Stabilisation, Recovery and Resilience of the Boko Haram-affected areas Full text...