Libya oil company declares force majeure after closure of 5 oil ports by protesters

19 january 2020 - 15:07:15 MTA

Tripoli, Libya (PANA) - The Libyan National Oil Company (NOC) on Saturday declared a state of force majeure after the General Command of the Libyan [...] Full text...

Sudan ready to remove obstacles hindering COMESA cooperation

19 january 2020 - 14:49:37 MO

Khartoum, Sudan (PANA) - The Sudanese government on Sunday expressed its readiness to remove obstacles hindering smooth trade and investment attraction so as to boost [...] Full text...

Cape Verde joins IMF's advanced data dissemination programme

19 january 2020 - 06:30:37 KND

Praia, Cape Verde (PANA) - Cape Verde has joined the advanced data dissemination programme of the International Monetary Fund (IMF), which harmonises macroeconomic data, as [...] Full text...

Gambia's foreign remittances in 2019 hit US$318.5 million, deputy governor

19 january 2020 - 05:29:15 MSS

Banjul, Gambia (PANA) - Dr Saikouba Jabbi, first deputy governor of the Central Bank of The Gambia (CBG), has revealed that foreign remittances to the [...] Full text...

Gambia holds forum on development, institution building

19 january 2020 - 04:51:33 MLJ

Banjul, Gambia (PANA) – Gambian Vice President, Dr. Isatou Touray, on Saturday stressed the need to reverse the reliance on donor support for its development [...] Full text...

Benin to release more than 6 billion CFAF to rebuild market in historic city of Abomey

18 january 2020 - 19:20:38 KND

Cotonou, Benin (PANA) - The Beninese government will release in the next few days 6,233 million CFA francs for the reconstruction of a market in [...] Full text...

Benin to enlarge its special economic zone

18 january 2020 - 18:26:50 KND

Cotonou, Benin (PANA) - The Beninese government has decided to enlarge its special economic zone to carry out the flagship projects of its program, official [...] Full text...

ECCAS to raise 2.5 billion euros to finance transport infrastructure

18 january 2020 - 13:55:47 BBA

Brazzaville, Congo (PANA) - The Economic Community of Central African States (ECCAS) will hold a donor roundtable in Brazzaville on 19 January to mobilise 2.5 [...] Full text...

Libya to lose 700,000 barrels per day, representing US$46 million, after protesters close oil sites

18 january 2020 - 12:13:54 BBA

Tripoli, Libya (PANA) - Stopping all oil exports from the central and eastern regions of Libya from this Saturday, with the exception of the Zueitina [...] Full text...

Kenya to slow down crude oil production pending development of infrastructure

18 january 2020 - 11:58:24 AO

Nairobi, Kenya (PANA) - Kenya's petroleum ministry Saturday revised the crude oil production targets for the next three years, citing the need to build infrastructure. The [...] Full text...

Saturday’s forex rates for the Gambian Dalasi

18 january 2020 - 08:45:25 MLJ

Banjul, Gambia (PANA) - The following are Saturday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Currency Buying Selling US [...] Full text...

Abidjan stock market closes Friday trading up

17 january 2020 - 22:51:44 MSA

Abidjan, Côte d’Ivoire (PANA) - The Abidjan-based stock market (BRVM) closed Friday trading up, with the BRVM rising from 136.92 points to 139,12 points or [...] Full text...

Gabon to take up agricultural challenge through association of cultures

17 january 2020 - 21:10:12 MSA

Libreville, Gabon (PANA) - The Gabonese Ministry of Chemistry for Industry, Agriculture and Livestock Farming (GCIAE) Friday hosted a training workshop on good agricultural practices [...] Full text...

Congo: Mobile Money generates nearly 1 billion CFAF in 2019

17 january 2020 - 18:01:31 KND

Brazzaville, Congo (PANA) - The mobile money market is growing, after a timid start in 2010 in Congo, generating a total income of 983.1 million [...] Full text...

Nigeria: Buhari due for London to attend inaugural UK-Africa investment summit

17 january 2020 - 17:18:14 MON

Abuja, Nigeria (PANA) – Nigeria’s President, Muhammadu Buhari, left Abuja Friday to lead the Nigerian delegation to the inaugural UK-Africa Investment Summit in London. Opening on [...] Full text...

Over 1,000 exhibitors participate in Bamako International Fair

17 january 2020 - 17:04:04 KND

Bamako, Mali (PANA) - More than 1,000 Malian and foreign exhibitors are participating in the Bamako International Fair (FEBAK 2020), which opened Thursday in Bamako, [...] Full text...

Nigeria's inflation rises by 0.13 points to 11.98 per cent in December 2019

17 january 2020 - 13:07:33 MON

Abuja, Nigeria (PANA) – Nigeria’s National Bureau of Statistics (NBS) on Friday said that the country’s Consumer Price Index (CPI), which measures inflation rate, increased [...] Full text...

Nigeria's Access Bank completes acquisition of Transnational Bank

17 january 2020 - 11:49:35 DJ

Nairobi, Kenya (PANA) - Nigerian bank, Access Bank, has completed 100 per cent acquisition of Kenyan Tier 3 lender, Transnational Bank. The deal will be [...] Full text...

Congo sees marked improvement in access to bank loans

17 january 2020 - 10:20:15 BBA

Brazzaville, Congo (PANA) - Congolese banks are increasingly participating in funding the economy through the ease of access to business loans, the Central Bank has said. It [...] Full text...

Royal Air Maroc launches new Casablanca-Beijing line

17 january 2020 - 10:08:29 BBA

Casablanca, Morocco (PANA) - Moroccan national carrier, Royal Air Maroc (RAM), on Thursday announced the launch of a new route from Casablanca to the Chinese [...] Full text...

World Bank grants US$275 million to Morocco to deal with natural disasters

17 january 2020 - 09:55:43 BBA

Rabat, Morocco (PANA) - The World Bank has granted Morocco a US$275 million loan for the risks related to natural disasters. The agreement was signed on [...] Full text...

Friday’s forex rates for the Tanzania Shilling

17 january 2020 - 09:41:01 EBM

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

Friday's forex rate for Rwandan Franc

17 january 2020 - 09:01:34 TWA

Kigali, Rwanda (PANA) - The following are Friday's foreign exchange rates for the Rwandan Franc as issued by the National Bank of Rwanda. Currency [...] Full text...

Friday's forex rates for the CFA Franc

17 january 2020 - 08:56:21 BBA

Libreville, Gabon (PANA) - The following are Friday's exchange rates of the CFA franc as published by the Bank of Central African States. Currency [...] Full text...

Friday's forex rates for the Mauritian Rupee

17 january 2020 - 08:55:30 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

17 january 2020 - 08:44:59 MLJ

Banjul, Gambia (PANA) – The following are Friday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Currency Buying Selling US [...] Full text...

Mali seeks to mobilize 19 billion CFAF for population census this year

17 january 2020 - 06:11:59 KND

Bamako, Mali (PANA) - The Malian government is seeking to mobilise 19 billion CFA francs for its population census this year, the Malian ministry in [...] Full text...

Saudi delegation in Mali to strengthen economic cooperation

17 january 2020 - 05:52:58 KND

Bamako, Mali (PANA) - A delegation from Saudi Arabia is in Mali to strengthen economic and commercial cooperation between the two countries. During a courtesy call [...] Full text...

Tunisia to host 2nd international conference on financing investment in Africa

17 january 2020 - 05:40:03 KND

Tunis, Tunisia (PANA) - Tunis will host the second international conference on "Financing Investment and Trade in Africa" on 4-5 February, the president of the [...] Full text...

Tunisian Parliament approves US$100 million loan for two dams

17 january 2020 - 05:27:21 KND

Tunis, Tunisia (PANA) - The Tunisian Parliament on Thursday approved a US$100 million loan agreement by the Arab Fund for Economic and Social Development to [...] Full text...

Senegal, AFD sign 50m-Euro financing convention

17 january 2020 - 00:00:48 MSA

Dakar, Senegal (PANA) - The Senegalese minister of economy, plan and cooperation, Amadou Hott, and the director of the French Development Agency (AFD), Alexandre Pointier, [...] Full text...

Congo to host roundtable on funding of transport infrastructure in March

16 january 2020 - 23:32:29 MSA

Abidjan, Côte d'Ivoire (PANA) - A roundtable on the funding of transports infrastructure organised by the Economic Community of Central African States (ECCAS) will be [...] Full text...

Abidjan stock market closes Thursday trading down

16 january 2020 - 22:45:00 MSA

Abidjan, Côte d’Ivoire (PANA) - The Abidjan-based stock market (BRVM) closed Thursday trading down, with the BRVM dropping from 138.10 points to 136.92 points or [...] Full text...

Senegalese president to take part in Great Britain-Africa summit, Davos economic forum

16 january 2020 - 22:39:34 MSA

Dakar, Senegal (PANA) - The Senegalese president, Macky Sall, will leave here Sunday for British capital, London, to take part on Monday in the Great [...] Full text...

Africa's 2020 growth rates insufficient for meaningful development progress - UN

16 january 2020 - 19:49:48 T Z

New York, USA (PANA) – The United Nations (UN) says despite the gross domestic product (GDP) of Africa inching up for 2020, it is inadequate [...] Full text...

South Africa: National airline to sell nine aircraft

16 january 2020 - 16:42:10 CU

Cape Town, South Africa (PANA) – South African Airways (SAA) which has lost more than US$1.5 billion over the past 13 years, on Thursday confirmed [...] Full text...

Egypt tops EBRD investments in southern and eastern Mediterranean in 2019

16 january 2020 - 12:48:04 AR

Cairo, Egypt (PANA) - For the second year in a row, Egypt has topped the European Bank for Reconstruction and Development (EBRD)’s annual investments in [...] Full text...

Thursday's forex rates for the Mauritanian Ouguiya

16 january 2020 - 10:50:31 BBA

Nouakchott, Mauritania (PANA) - Following are Thursday's foreign exchange rates for the Mauritanian Ouguiya as issued by the Mauritanian Central Bank. Currency [...] Full text...

Thursday's forex rates for the CFA Franc

16 january 2020 - 10:41:59 BBA

Libreville, Gabon (PANA) - The following are Thursday's exchange rates of the CFA franc as published by the Bank of Central African States. Currency [...] Full text...

Thursday’s forex rates for the Tanzania Shilling

16 january 2020 - 10:26:20 EBM

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

Thursday’s forex rates for the Gambian Dalasi

16 january 2020 - 09:34:43 MLJ

Banjul, Gambia (PANA) – The following are Thursday’s foreign exchange rates for the Gambian Dalasi (D) as published by Trust Bank Gambia Ltd: Currency Buying Selling US [...] Full text...

Abidjan stock market closes Wednesday trading up

15 january 2020 - 22:51:08 MSA

Abidjan, Côte d’Ivoire (PANA) - The Abidjan-based stock market (BRVM) closed Wednesday trading up, with the BRVM rising from 136.36 points to 138.10 points or [...] Full text...

Botswana’s inflation shoots up

15 january 2020 - 19:26:16 DRW

Gaborone, Botswana (PANA) – Statistics Botswana (SB) has indicated that the country’s inflation recorded an increase in December. The data authority on Wednesday said the annual inflation rate [...] Full text...

Zimbabwe: AfDB, UN and World Bank launch 2019 Needs Assessment Report to spur economic recovery

15 january 2020 - 17:56:46 VAO

Harare, Zimbabwe (PANA) - The African Development Bank (AfDB), United Nations and World Bank Group recently launched the Zimbabwe 2019 Joint Needs Assessment Report. The study, [...] Full text...

African Development Bank set to unveil 2020 African Economic Outlook

15 january 2020 - 17:51:09 VAO

Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) will launch the 2020 edition of its flagship African Economic Outlook (AEO) report on Thursday, [...] Full text...

AfDB allocates 1.2 million euros to train policymakers in boosting mining revenues

15 january 2020 - 17:46:07 VAO

Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) has allocated a 1.2 million-euro grant to provide training to help resource-rich countries improve their [...] Full text...

AfDB Fund Board approves US$37.2 million for non-sovereign operations in Kenya, Sudan and Senegal

15 january 2020 - 17:38:56 VAO

Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank (AfDB) Group, [...] Full text...

Senegal exported 55,000 tonnes of cashew nuts through Ziguinchor port in 2019

15 january 2020 - 16:40:55 KND

Ziguinchor, Senegal (PANA) - During the last season, a total of 55,311 tonnes of cashew nuts were exported from the port of Ziguinchor, in southern [...] Full text...

Abidjan stock exchange presents positive balance sheet for 2019

15 january 2020 - 15:27:48 KND

Abidjan, Cote d'Ivoire (PANA) - The regional stock exchange of Abidjan presented on Tuesday the balance sheet for financial year 2019, judged generally positive, according [...] Full text...

Botswana-based pan-African lender appoints new CEO

15 january 2020 - 13:40:46 DRW

Gaborone, Botswana (PANA) -- Botswana headquartered micro financing company Letshego has appointed a new group chief executive officer. The Botswana Stock Exchange (BSE) listed company on [...] Full text...

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