FAPA launches franchising project to bolster small enterprises in Tanzania

23 july 2021 - 14:41:58 AR

Dar es Salaam, Tanzania (PANA) - The Fund for African Private Sector Assistance (FAPA) has launched its Africa Franchise Accelerator Project in Tanzania to promote [...] Full text...

Coronavirus: IMF approves policy reforms and funding package to better support recovery of LICs

23 july 2021 - 13:51:13 AR

Dakar, Senegal (PANA) - The Executive Board of the International Monetary Fund (IMF) has approved a set of reforms to the Fund’s concessional lending facilities [...] Full text...

Coronavirus: IMF Executive Board notes Côte d’Ivoire’s strong resilience

23 july 2021 - 13:20:52 AR

Abidjan, Côte d’Ivoire (PANA) – While Côte d’Ivoire’s economic growth is expected to have dropped by some 4½ percent compared to the pre-COVID-19 forecast, it [...] Full text...

Friday’s forex rates for the Gambian Dalasi

23 july 2021 - 11:20:39 MSS

Banjul, Gambia (PANA) - The following are Friday’s foreign exchange rates for the Gambian Dalasi (D) as published by Central Bank of The Gambia. Currency                                 Buying                        [...] Full text...

Friday's forex rates for the Mauritian Rupee

23 july 2021 - 09:25:57 BBA

Port-Louis, Mauritius (PANA) - Following are Friday's foreign exchange rates for the Mauritian Rupee as issued by the Mauritian Commercial Bank: Currency          [...] Full text...

Angola videogames market to create hundreds of jobs

22 july 2021 - 22:24:23 AO

Luanda, Angola (PANA) - Home appliances maker, LG, plans to expand video gaming and film-making industries in Angola, which is emerging as a popular destination [...] Full text...

AfDB approves US$20 million loan to support Covid-19 recovery in Seychelles

22 july 2021 - 19:32:57 VAO

Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Bank (AfDB) Group has approved a US$20 million flexible loan to finance [...] Full text...

AfDB launches $2.75 billion 0.875% Global Benchmark five-year bond

22 july 2021 - 14:32:38 AR

Abidjan, Côte d’Ivoire (PANA) - The African Development Bank has launched and priced a $2.75 billion 5-year Global Benchmark bond due 22 July 2026, its [...] Full text...

Partnership with private sector is key in closing Rwanda’s infrastructure gap – WB Update

22 july 2021 - 13:52:50 AR

Kigali, Rwanda (PANA) - The coronavirus (COVID-19) pandemic has pushed the Rwandan economy into recession in 2020 for the first time since 1994, according to [...] Full text...

Rights groups task automobile companies to drive up standards in aluminium supply chains

22 july 2021 - 12:08:40 MA

Washington, DC, US (PANA) – Human rights groups have tasked automobile companies to do more to address abuses in their aluminium supply chains and the [...] Full text...

Coronavirus: African countries close in on breakthrough deal to lift copyright laws on vaccines

22 july 2021 - 11:45:16 AO

Geneva, Switzerland (PANA) - Members of the World Trade Organisation (WTO) have agreed to continue discussions into a request by several African countries to lift [...] Full text...

The following are Thursday's exchange rates for the Mauritius rupee

22 july 2021 - 11:42:35 MA

Port Louis, Mauritius (PANA) - The following are Thursday's exchange rates for the Mauritius rupee as announced by the Mauritius Commercial Bank. Currency          [...] Full text...

AfDB to expand lending to 8% after strong Fitch Rating

22 july 2021 - 11:30:43 AO

Nairobi, Kenya (PANA) —The African Development Bank (AfDB) has scored the highest ever rating of triple A, as a result of the success of a [...] Full text...

Mauritian women have higher life expectancy than men

22 july 2021 - 08:12:05 NA

Port Louis, Mauritius (PANA) – Mauritian women live some 6.8 years longer than men, Statistics Mauritius said on Thursday in its latest bulletin on genders statistics [...] Full text...

AfDB project to stimulate domestic resource mobilisation in Africa’s transitional countries

21 july 2021 - 14:10:35 AR

Abidjan, Côte d’Ivoire (PANA) - The African Natural Resources Centre (ANRC) of the African Development Bank has launched a first of its kind Financial Modelling [...] Full text...

Coronavirus: IMF Directors commend Ghana’s efforts to contain virus spread

21 july 2021 - 12:57:04 AR

Accra, Ghana (PANA) - As the COVID-19 pandemic severely hit Ghana, the government response helped contain the virus spread and support the economy, but at [...] Full text...

ADF extends US$4.25 million loan to modernize tax collection, boost revenue in Lesotho

20 july 2021 - 18:35:00 VAO

Maseru, Lesotho (PANA) - The Board of Directors of the African Development Bank (AfDB) Group has approved a loan of US$4.25 million to the Lesotho [...] Full text...

Coronavirus: Pandemic affects, challenges South Africa’s retail industry

20 july 2021 - 15:34:27 AR

Johannesburg, South Africa (PANA) - Due to the impact of the COVID-19 pandemic, South African retail food sales totalled US$ 39.8 billion in 2020, a [...] Full text...

Fewer women than men will regain work during pandemic recovery: ILO

20 july 2021 - 05:52:40 MA

Geneva, Switzerland (PANA) - Fewer women will regain jobs lost to the COVID-19 pandemic during the recovery period, than men, according to a new study released on Monday by the UN’s [...] Full text...

Monday's forex rates for the Mauritian Rupee

19 july 2021 - 10:18:28 BBA

Port-Louis, Mauritius (PANA) - Following are Monday's foreign exchange rates for the Mauritian Rupee as issued by the Mauritian Commercial Bank: Currency          [...] Full text...

India-Africa close partnership to improve welfare of 2.5 billion people post Covid-19

18 july 2021 - 05:55:12 VAO

Abidjan, Cote d'Ivoire (PANA) - The Covid-19 pandemic has provided the impetus for a stronger partnership between India and Africa with potential benefits to both [...] Full text...

Sudan Joins Smart Africa Alliance to advance technology in development endeavours

17 july 2021 - 19:55:12 MO

Khartoum, Sudan (PANA) - Sudan has become the 32nd  country to join the Smart Africa Alliance, signaling a strong intention to place technology at the [...] Full text...

Act now to provide COVID-19 vaccines for all: ECOSOC President

17 july 2021 - 06:30:43 MA

New York, US (PANA) - Ensuring COVID-19 vaccines for all will be critical if the world is to defeat the pandemic, the President of the Economic [...] Full text...

Friday's forex rates for the Mauritian Rupee

16 july 2021 - 10:16:51 BBA

Port-Louis, Mauritius (PANA) - Following are Friday's foreign exchange rates for the Mauritian Rupee as issued by the Mauritian Commercial Bank: Currency          [...] Full text...

Friday’s forex rates for the Gambian Dalasi

16 july 2021 - 09:58:03 MSS

Banjul, Gambia (PANA) - The following are Friday’s foreign exchange rates for the Gambian Dalasi (D) as published by Central Bank of The Gambia. Currency                                 Buying                        [...] Full text...

Coronavirus: Mauritius opens borders to commercial flights

16 july 2021 - 08:10:10 NA

Plaisance, Mauritius (PANA) - The first commercial flight landed at Plaisance, southern Mauritius, as the island opens its borders that were closed since March 2021 due [...] Full text...

IMF approves US$1.52 billion ECF package for DR Congo

16 july 2021 - 08:03:31 AR

Kinshasa, DR Congo (PANA) - The International Monetary Fund (IMF) has approved a US$1.52 billion Extended Credit Facility (ECF) arrangement to support the Democratic Republic [...] Full text...

‘Deeply negative impact’ of COVID pandemic, reverses SDG progress

16 july 2021 - 05:28:08 MA

New York, US (PANA) - Closing a key international development forum on Thursday, the deputy UN chief observed that a year of “immense challenges” has reversed progress on meeting the [...] Full text...

African leaders call for ambitious replenishment of IDA20 to support ‘Recovery Agenda’

15 july 2021 - 22:33:16 AR

Abidjan, Côte d’Ivoire (PANA)  - Thirteen African heads of state and government Thursday concluded a day-long meeting here with a strong resolution to accelerate economic recovery from the shocks [...] Full text...

Nigeria: Senate approves President Buhari’s request for $8.325m, €490m external loans

15 july 2021 - 21:07:16 MON

Abuja, Nigeria (PANA) - The Senate on Thursday approved President Muhammadu Buhari’s request for ongoing external loans to the tune of $8,325,526,537 (USD) and €490,000,000 (Euros) under the 2018-2020 [...] Full text...

AfDB grants Tunisis 60 million euros in support of economic recovery

15 july 2021 - 12:32:48 BBA

Tunis, Tunisia (PANA) - The African Development Bank (AfDB) has granted Tunisia €60 million for implementing its Economic Recovery and Social Inclusion Support Programme, the [...] Full text...

Minister calls on International Economic Working Group on Libya to facilitate budget approval

15 july 2021 - 11:30:36 BBA

Tripoli, Libya (PANA) - Libya's Minister of State for Economic Affairs, Slama al-Ghwail, has called on the International Economic Working Group on the country to [...] Full text...

Thursday's forex rates for the Mauritian Rupee

15 july 2021 - 09:34:25 BBA

Port-Louis, Mauritius (PANA) - Following are Thursday's foreign exchange rates for the Mauritian Rupee as issued by the Mauritian Commercial Bank: Currency          [...] Full text...

Thursday’s forex rates for the Gambian Dalasi

15 july 2021 - 09:24:13 MSS

Banjul, Gambia (PANA) - The following are Thursday’s foreign exchange rates for the Gambian Dalasi (D) as published by Central Bank of The Gambia. Currency                                 Buying                        [...] Full text...

Burkinabe President to attend 20th Int'l Development Association Resource Replenishment meeting in Abidjan

14 july 2021 - 19:47:49 BBA

Ouagadougou, Burkina Faso (PANA) - The President of Burkina Faso, Roch Marc Christian Kaboré, left Ouagadougou on Wednesday for Abidjan, Côte d'Ivoire, where he will [...] Full text...

Gambia, Sierra Leone sign joint commission agreement to boost economic cooperation

14 july 2021 - 19:38:53 MSS

Banjul, Gambia (PANA) - Gambian Minister of Foreign Affairs, International Cooperation and Gambians Abroad, Dr. Mamadou Tangara, and Sierra Leonean Internal Affairs Minister, Mr. David [...] Full text...

Botswana adds another largest fancy pink diamond yet

14 july 2021 - 16:01:59 AR

Gaborone, Botswana (PANA) - Canada-headquartered Lucara Diamonds has recovered Botswana’s largest fancy pink diamond yet, as well as one of the world’s largest pink diamonds [...] Full text...

Mauritius records diminishing tourist arrivals this year

14 july 2021 - 13:24:13 NA

Port Louis, Mauritius (PANA) - The Mauritian tourism industry, one of the pillars of the island’s economy, is doing badly with declining numbers of holidaymakers [...] Full text...

Wednesday's forex rates for the Mauritian Rupee

14 july 2021 - 10:25:04 BBA

Port-Louis, Mauritius (PANA) - Following are Wednesday's foreign exchange rates for the Mauritian Rupee as issued by the Mauritian Commercial Bank: Currency          [...] Full text...

Wednesday’s forex rates for the Gambian Dalasi

14 july 2021 - 09:10:46 MSS

Banjul, Gambia (PANA) - The following are Wednesday’s foreign exchange rates for the Gambian Dalasi (D) as published by Central Bank of The Gambia. Currency                                 Buying                        [...] Full text...

Afreximbank, ACBF cooperate in Africa trade promotion

13 july 2021 - 17:38:47 AO

Harare, Zimbabwe (PANA) - Africa Export-Import Bank (Afreximbank) and the African Capacity Building Foundation (ACBF) have signed an agreement to support capacity development initiatives over [...] Full text...

Coronavirus: Preserving macroeconomic stability, revitalising jobs, improving investment climate critical for South Africa’s recovery

13 july 2021 - 15:53:29 AR

Pretoria, South Africa (PANA) - South Africa is set to emerge from the COVID-19 crisis weaker than when it entered it despite its solid response [...] Full text...

Tuesday’s forex rates for the Tanzania Shilling

13 july 2021 - 12:30:19 EBM

Dar es Salaam, Tanzania (PANA) – The following are Tuesday’s foreign exchange rates for the Tanzania Shilling as published by CRDB Bank: Currency                          Buying                      [...] Full text...

Libyan Customs, EU Border Assistance Mission discuss cooperation on customs controls

13 july 2021 - 11:49:36 BBA

Tripoli, Libya (PANA) - The Director General of Libyan Customs, Colonel Major Suleiman Ali Salem, has met in Tripoli with the head of the European [...] Full text...

Tuesday's forex rates for the Mauritian Rupee

13 july 2021 - 09:36:41 BBA

Port-Louis, Mauritius (PANA) - Following are Tuesday's foreign exchange rates for the Mauritian Rupee as issued by the Mauritian Commercial Bank: Currency          [...] Full text...

Tuesday’s forex rates for the Gambian Dalasi

13 july 2021 - 09:32:01 MSS

Banjul, Gambia (PANA) - The following are Tuesday’s foreign exchange rates for the Gambian Dalasi (D) as published by Central Bank of The Gambia. Currency                                 Buying                        [...] Full text...

The world is ‘tremendously off track’ to meet 2030 SDGs: UN chief

13 july 2021 - 05:43:48 MA

New York, US (PANA) - Between 720 and 811 million people in the world faced hunger in 2020 – some 161 million more than for 2019  – the UN Secretary-General said on Monday; “new, [...] Full text...

Libya: Plenary session of Parliament adjourned till Tuesday

12 july 2021 - 18:47:40 MTA

Tripoli, Libya (PANA) - The plenary session of the Libyan House of Representatives (Parliament) has suspended debate on the state budget for 2021 until Tuesday, [...] Full text...

AfDB Group-financed road interchange opens in Ghana

12 july 2021 - 14:52:12 AR

Accra, Ghana (PANA) – A modern road interchange financed by the African Development Bank Group has opened in the Ghanaian capital, Accra, amid hopes the [...] Full text...

Monday’s forex rates for the Gambian Dalasi

12 july 2021 - 09:39:13 MSS

Banjul, Gambia (PANA) - The following are Monday’s foreign exchange rates for the Gambian Dalasi (D) as published by Central Bank of Gambia. Currency                                 Buying                        [...] Full text...