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Cape Town, South Africa (PANA) – The South African government on Thursday addressed President Donald Trump’s announcement that he is implementing global reciprocal tariffs. The announcement included a 10% baseline tariff and ranged from 10% (UK and Singapore) to 49% (Cambodia). South Africa will face tariffs of 30%.President Trump hailed the [...]
©- - 03 april 2025 - 07:32:24 - thread Economy (290 words)


Cape Town, South Africa (PANA) – South Africa and Chile have agreed to cooperate in areas of trade and industry promotion, value chains, decarbonisation and critical minerals as well as Micro, Small and Medium Enterprises (MSMEs) and women-led enterprises. The agreement was signed at the 8th meeting of the Joint Trade [...]
©- - 06 march 2025 - 09:37:40 - thread Economy (201 words)


Geneva, Switzerland (PANA) - Geopolitical tensions, the rising costs of climate change and unresolved debt issues are putting labour markets under pressure, according to a new report from the International Labour Organization (ILO) published on Thursday. The newly released World Employment and Social Outlook: Trends 2025, sheds light on the deceleration [...]
©- - 16 january 2025 - 12:24:48 - thread Economy (560 words)


Nairobi, Kenya (PANA) - The African Development Bank Group, the World Bank Group, the African Union, and the Tanzanian government will host a landmark summit for African Heads of State and Government in Dar es Salaam, Tanzania.The Africa Energy Summit, 27-28 Jan. 2025, will bring together African heads of state [...]
©- - 11 january 2025 - 12:32:56 - thread Economy (199 words)


Cape Town, South Africa (PANA) – A high-level South African delegation is attending the 21st African Growth and Opportunity Act (AGOA) Forum in Washington, DC, from Wednesday to Friday. The delegation, which is led by Trade, Industry and Competition Minister Parks Tau, comprises of government, private sector, civil society and organised [...]
©- - 24 july 2024 - 11:21:41 - thread Economy (364 words)


Cape Town, South Africa (PANA) - An increase in global demand for red meat is positioning Eastern Cape farmers at an economic advantage as the provincial government continues to support them to gain access into the Middle East market through livestock exports and other livestock opportunities available through the African [...]
©- - 06 april 2024 - 15:18:45 - thread Economy (334 words)


Washington, D.C., USA (PANA) -  The World Bank on Wednesday priced two Sustainable Development Bonds, raising a total of US$ 6 billion from a US$ 3 billion 2-year bond maturing in April 2026 and a US$ 3 billion 7-year bond maturing in April 2031. In a statement, the Bank said that [...]
©- - 04 april 2024 - 10:58:01 - thread Economy (312 words)


Washington, USA (PANA) - The World Bank Group (WBG) on Thursday published sought-after proprietary statistics that reveal the credit risk profile of private and public sector investments in emerging markets. It said that making this data publicly available is the latest in a concerted effort to drive more private sector investment [...]
©- - 29 march 2024 - 06:50:39 - thread Economy (584 words)


Tripoli, Libya (PANA) - The Libyan Minister of Economy and Trade, Mohamed al-Haweij, has urged major Chinese companies to invest in strategic projects in Libya and build communication bridges with the African market by designing and implementing international routes to the African market and establishing free trade and special economic [...]
©- - 30 november 2023 - 13:13:11 - thread Economy (175 words)


Cape Town, South Africa (PANA) – The Congress of South African Trade Unions (COSATU) on Friday welcomed the announcement that South Africa will host the African Growth and Opportunity Act (AGOA) summit in November. The mega trade event was in jeopardy after four leading American lawmakers asked the Biden administration to [...]
©- - 22 september 2023 - 10:48:36 - thread Economy (364 words)


Bujumbura, Burundi (PANA) - In Burundi, the most important economic news of the week was the analysis and adoption of a draft decree determining the priority sectors reserved for investments, with a minimum of US$500,000 for foreigners and the equivalent in local currency for nationals. The draft decree refers to Article [...]
©- - 21 august 2022 - 16:31:18 - thread Economy (348 words)


Cotonou, Benin (PANA) - Benin will proceed in the coming days to reforms in the management of its markets, official sources said here Friday. This reform is based on the categorization of sales markets and the creation of an agency in charge of their management, in accordance with a law of [...]
©- - 12 august 2022 - 19:07:09 - thread Economy (314 words)


Cape Town, South Africa (PANA) – Inflation in South Africa is set to rise to 8% this year, dramatically higher than the central bank’s target. It cited the global impact of the Ukraine conflict and rising US interest rates. In its latest report, released Wednesday, it said inflation is expected to [...]
©- - 05 may 2022 - 20:35:07 - thread Economy (205 words)


Cape Town, South Africa (PANA) – Cape Town Stock Exchange, which aims to become the Nasdaq of Africa, opened for business on Thursday It plans to lure companies seeking to raise capital in Kenya, Nigeria, Ghana and elsewhere with listing costs that are a third of those charged by the Johannesburg [...]
©- - 30 september 2021 - 16:21:11 - thread Economy (181 words)


Dakar, Senegal, (PANA) - The Cairo-based Egyptian-African Businessmen Association (EABA) has held a "Senegalese Business Day" that brought together leading business personalities in Egypt and Senegal to discuss trade, investment opportunities and other business activities in Senegal. In his opening remarks at the virtual session, Dr. Yousrey Elsharkawy, EABA’s Chairman, said [...]
©- - 10 september 2021 - 10:42:38 - thread Economy (245 words)


Abidjan, Côte d’Ivoire  (PANA - The Board of the African Development Bank (AfDB) Group has approved grants of $2.5 million to advance intra-regional harmonization of electricity regulations and drive cross-border power trading in the Common Market of Eastern and Southern Africa (COMESA) and the Southern African Development Community (SADC) regional [...]
©- - 06 august 2021 - 13:54:37 - thread Economy (451 words)


Kinshasa, DR Congo (PANA) - The Congolese Minister of Foreign Trade, Jean-Lucien Bussa, has unveiled economic plans to enable DR Congo reduce its dependence on imports, reduce import bill and protect local industry. Bussa unveiled the measure during the Council of Ministers on Friday, chaired by the Prime Minister, Sama Lukonde. According [...]
©- - 12 june 2021 - 14:06:04 - thread Economy (293 words)


Accra, Ghana (PANA) - The African Development Bank Group and the Securities and Exchange Commission (SEC) of Ghana on Thursday launched a $400,000 project to strengthen the development of Ghanaian capital markets, following the signing of a grant agreement to develop a risk-based supervisory solution for the local capital market. The [...]
©- - 03 june 2021 - 15:12:18 - thread Economy (431 words)


London, Britain (PANA) - Liquid Telecommunications Financing, part of the African telecoms group, Liquid Telecom, has arranged a bond and term loan totaling US$840 million to support its growth, the firm said Thursday. Liquid Telecoms which is majority owned by Strive Masiyiwa’s Econet Global, supported by its Joint Global Bookrunners, arranged [...]
©- - 25 february 2021 - 21:35:08 - thread Economy (331 words)


Paris, France (PANA) - A delegation of  several French business leaders from the Movement of French enterprises (MEDEF-international) is due in South Africa on Tuesday for a three-day visit aimed at maintaining dialogue with the private sector, PANA learned PANA in Paris. “With a view to an official visit to South [...]
©- - 02 november 2020 - 15:55:19 - thread Economy (390 words)


Kigali, Rwanda (PANA) - Rwanda's consumer price index (CPI), a main gauge of inflation, rose 8.9 per cent year on year in September 2020, official data showed Saturday. The hike was mainly driven by food and non-alcoholic beverages price which increased by 10.9 per cent on annual basis and increased by [...]
©- - 11 october 2020 - 10:48:25 - thread Economy (261 words)


Kigali, Rwanda (PANA) - American entrepreneurial pre-accelerator, Draper University and Smart Africa, Friday announced a partnership aimed at strengthening start-up and innovation ecosystems in Africa. A statement obtained by PANA here said it was meant to support the work that the Smart Africa Secretariat was doing around start-ups and innovation ecosystems [...]
©- - 18 september 2020 - 23:23:41 - thread Economy (362 words)


Niamey, Niger (PANA) - The price in cereal markets this week in Niger is marked by a slight increase in the prices of most agricultural commodities, reveals the Agricultural Market Information System (SIMA) newsletter. The average price of a 100 kg sack of millet is up slightly by 3 percent compared [...]
©- - 20 july 2020 - 18:34:19 - thread Economy (641 words)


Kigali, Rwanda (PANA) - Rwanda's producer price index (PPI), which measures the average change over time in prices received by domestic producers for the production of their goods and services, increased 1.8 percent year-on-year in May, the National Institute of Statistics (NIS) said Thursday. The reading declined from the 3.6-percent increase [...]
©- - 02 july 2020 - 16:40:37 - thread Economy (148 words)


Nouakchott, Mauritania (PANA) -Mauritania has enough stock of goods for a normal supply of basic necessities for six months, according to the Minister of Trade and Tourism, Sid'Ahmed Mohamed, who spoke in an interview published Wednesday by  the government press.   "If necessary, the government could also take measures to increase this [...]
©- - 25 march 2020 - 18:37:59 - thread Economy (158 words)


Bujumbura, Burundi (PANA) - During the year ending in January 2020, global annual inflation rose to 0.0%, mainly following a 1.6% drop in food prices and hotel and restaurant services of 0.7%, in the latest monthly bulletin from the Institute of Statistics and Economic Studies of Burundi (ISTEEBU, public), an [...]
©- - 19 february 2020 - 17:20:39 - thread Economy (605 words)


Gaborone, Botswana (PANA) - Russian Ambassador to Botswana, Victor Sibilev has said BRICS is fast becoming a magnet for emerging economies, including African economies through its ‘outreach format’. Speaking in Gaborone on Thursday, the Ambassador said “over the past 10 years, BRICS, an association of five major emerging national economies --Brazil, [...]
©- - 12 december 2019 - 17:02:52 - thread Economy (298 words)


Gaborone, Botswana (PANA)  -  Minister of Investment Trade and Industry Peggy Serame has reiterated Botswana's commitment to increased local content in the mining sector. Serame made this known in Nairobi, Kenya, during a ministerial panel discussion on local content development in oil, gas and the mining sector at the 110th African, [...]
©- - 08 december 2019 - 22:22:19 - thread Economy (143 words)


Gaborone, Botswana (PANA) - Botswana President, Dr. Mokgweetsi Masisi, says collaboration is key to emerging economies and leads to a robust capital market development. He said this when addressing a 300-delegate Annual African Securities Exchange Association (ASEA) Conference 2019, under the theme “Building Resilient African Capital Markets” in Kasane, 925.5 kilometers [...]
©- - 26 november 2019 - 20:58:34 - thread Economy (251 words)


Gaborone, Botswana (PANA) - Botswana Stock Exchange (BSE) announced on Monday that it has recorded the highest turnover in a single day of trading during 2019 at almost US$149 million. This trade is another milestone achievement as it signifies the BSE's prowess to manage increased trading activities aligned with the exchange's [...]
©- - 25 november 2019 - 18:12:57 - thread Economy (134 words)


Gaborone, Botswana (PANA) - Due to its economic success, relatively high levels of consumer spending against a backdrop of good governance and good regulatory environment, Botswana remains attractive to both homegrown and multinational traders. Global and continental trends such as youthful population, upward urban growth trajectory, socially connected mobile users, untapped [...]
©- - 05 november 2019 - 18:49:43 - thread Economy (580 words)


Gaborone, Botswana (PANA) - Botswana will for the first time showcase its products at a six months exhibition platform, the Expo 2020 Dubai, in the United Arab Emirates.   According to Botswana Investment and Trade Centre (BITC), acting on behalf of the Government of Botswana, the country will be fully represented at [...]
©- - 04 november 2019 - 15:00:51 - thread Economy (318 words)


Bamako, Mali (PANA)  -  Grain markets in Mali were characterized last week by relatively stable prices, marked by rare and slight fluctuations in parts, the Malian Press Agency (AMAP) reported here Thursday. Boucadary Doumbia, director general of commerce, consumer affairs and competition(DGCC), told the AMAP that the persistence of the security [...]
©- - 26 september 2019 - 21:00:33 - thread Economy (334 words)


Niamey, Niger (PANA)   -   The price situation in Niger's grain markets is marked this week by a downward trend, the newsletter of the agricultural market information system (SIMA) said here Friday. Thus, like last week, the average price of the 100 kg bag of millet came out slightly down at 1 [...]
©- - 20 september 2019 - 22:39:14 - thread Economy (692 words)


Paris, France (PANA) - Comoran President, Azali Assoumani, who is on an official visit to France since Monday, will Wednesday meet with the French members of the Medef-International Africa Committee to discuss the Comorian government's economic development priorities.   Assoumani said: "I will meet with employers to examine ways to increase French [...]
©- - 23 july 2019 - 15:07:33 - thread Economy (277 words)


Niamey, Niger (PANA) - The decline in cereal prices that began a few months ago continues to gain momentum during this period of the beginning of the lean season in Niger's markets, according to the Agricultural Market Information System (SIMA) newsletter.   According to the bulletin, this week, the average price of [...]
©- - 13 july 2019 - 15:51:34 - thread Economy (738 words)


Abidjan, Côte d'Ivoire (PANA) - The fourth edition of the Africa Meetings, aimed at promoting inclusive co-development strategies between France and Africa, will be held, respectively, in Skhirat, Morocco, on 21 and 22 October and in Dakar, Senegal, on 24 and 25 October, a communiqué sent to PANA on Thursday [...]
©- - 20 june 2019 - 12:41:10 - thread Economy (216 words)


Tunis, Tunisia (PANA) – The African Union (AU) has announced the entry into force on Thursday of the African continental free-trade area (AfCFTA), describing it as ‘historic stage’ as a key project for the continent’s economic development and a decisive step towards the integration and complementarity which should guarantee Africa [...]
©- - 30 may 2019 - 19:17:31 - thread Economy (265 words)


Kigali, Rwanda (PANA) -  Rwanda's stock market on Monday remained constant with large outstanding shares but without bids at the end of the formal trading hours. The market report indicated that Monday’s trading session recorded a total of Frw 45,000 from 900 shares traded in 1 deal ($1 USD =  890.41 [...]
©- - 15 april 2019 - 13:52:45 - thread Economy (118 words)


Dakar, Senegal (PANA) –  Cameroon's Autonomous Depreciation Fund (CAA) and the Central African Stock Exchange (BVMAC) will merge no later than 30 June 2019, a statement from the Bank of Central African States (BEAC) said. On the point, the BEAC concluded at its headquarters in N'Djamena, the Chadian capital, two agreements [...]
©- - 28 march 2019 - 10:34:22 - thread Economy (313 words)


Yaounde, Cameroon (PANA) - The African Union (AU) has been urged to order the listing of between 25-30% of all state-owned companies in the security exchanges to attract foreign capital into the continent.   President, Association of African Security Exchanges (ASEA), Karim Hajji, said on Friday that with at least 1,500 companies [...]
©- - 08 march 2019 - 23:26:47 - thread Economy (394 words)


Yaoundé, Cameroon (PANA) - The Douala-based Financial Markets Commission (CMF) will be absorbed by the Central African Financial Market Monitoring Commission (COSUMAF), headquartered in Libreville, Gabon, at the end of February, in response to a decision to merge sub-regional stock markets of the Central African Economic and Monetary Community (CEMAC). On [...]
©- - 28 february 2019 - 11:11:07 - thread Economy (257 words)


Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Bank (AfDB) has approved the Bank’s 2018 borrowing programme for US$ 8 billion to be raised from capital markets. According to the AfDB media outlet, the Bank provides financial assistance to its member countries by mobilizing resources primarily [...]
©- - 21 december 2017 - 15:40:29 - thread Economy (310 words)


New York, USA (PANA) – African countries individually represent relatively small markets, but collectively, they represent enormous market potential, the United Nations deputy chief told an Africa Week event in New York on Wednesday. “The continent’s large and growing population represents enormous market potential, especially with growing urbanization contributing to rapid [...]
©- - 19 october 2017 - 05:54:55 - thread Economy (435 words)


Washington D.C., US (PANA) - Emerging market countries are well prepared to handle any fallout from a Federal Reserve interest rate increase according to central bankers taking part in an International Monetary Fund (IMF) seminar in Washington, DC. Countries such as Thailand have built up large foreign-currency reserves, which will help [...]
©- - 09 october 2016 - 15:58:50 - thread Economy (585 words)


Dakar, Senegal (PANA) - With the Nigerian economy in recession, support for small and medium businesses could be one of the key ingredients to carrying the country through the tough times, Magnus Nmonwu, Regional Director for Sage in West Africa, declared on Thursday. In a statement, made available to PANA [...]
©- - 22 september 2016 - 16:26:26 - thread Economy (727 words)


Nairobi, Kenya (PANA) - In line with global trends, 2015 was a challenging year for African capital markets in the wake of market volatility and the emergence of renewed global economic uncertainty in the latter part of the year, international accounting firm Price Waterhouse Coopers (PwC) said in its 2015 [...]
©- - 01 february 2016 - 13:41:45 - thread Economy (314 words)


Washington US (PANA) – Finance Ministers from Cote d'Ivoire, Gabon and Nigeria are taking part in a Capital Markets Summit on the sidelines of the IMF/World Bank Spring meetings in Washington DC, USA. They join the Ugandan Central Bank Governor, Prof. Emmanuel Tumusiime-Mutebile, as well as investment bankers and lawyers [...]
©- - 16 april 2015 - 20:10:12 - thread Economy (371 words)


Port-Louis, Mauritius (PANA) - Mauritian Foreign Affairs, Regional Integration and International Trade Minister Arvin Boolell has said the government is doing its best to create the enabling environment to encourage cross-border investments, PANA reported from the capital, Port-Louis, Wednesday. Speaking at a workshop on Trade in Services in the Southern [...]
©- - 16 april 2014 - 12:44:07 - thread Economy (296 words)


Abidjan, Cote d'Ivoire (PANA) - The ECOWAS Commission has called on market operators and other stakeholders to step up citizenship awareness of the roles of capital markets in wealth creation and management and overall economic development, to maximise the benefits of the upcoming integrated regional capital markets. “The need has never [...]
©- - 03 april 2014 - 13:53:34 - thread Economy (430 words)

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