World Bank Group launches new partnership strategy to accelerate economic diversification for growth, employment in Mauritania

30 november 2025 - 08:20:00
Washington, DC, US (PANA)  - The World Bank Group has announced a new Country Partnership Framework (CPF) for the Islamic Republic [...] Full text...

thread Economy

One Sea, one Pact, one Future: EC approves conclusions on the pact for the Mediterranean

21 november 2025 - 10:37:57
Brussels, Belgium (PANA) – The European Council has approved conclusions welcoming the pact for the Mediterranean, which coincides with the [...] Full text...

thread Politics

Sierra Leone’s economy shows resilience, private sector reform key to sustained growth and jobs

07 november 2025 - 08:56:56
Freetown, Sierra Leone (PANA) - Sierra Leone’s economy is showing signs of stability in the face of heightened global challenges, [...] Full text...

thread Economy

Major global business conference begins in South Africa

03 november 2025 - 07:46:14
Cape Town, South Africa (PANA) – The Global Business Services (GBS) Annual Conference began in the South African city of [...] Full text...

thread Economy

IMF reaches staff-level agreement with Guinea-Bissau on the Ninth Review of Extended Credit Facility Arrangement

07 october 2025 - 14:04:13
Washington, DC, US (PANA) - The International Monetary Fund (IMF) and Guinea-Bissau have reached a staff-level agreement on economic policies [...] Full text...

thread Economy

IMF Chief speaks on ‘Enhancing GCC Resilience to Global Shocks’

04 october 2025 - 08:10:31
Kuwait City, Kuwait (PANA) – IMF Managing Director Kristalina Georgieva this week addressed the annual Meeting of the Ministers of [...] Full text...

thread Economy

Explainer: Five megatrends shaping the rise of nonbank finance (IMF Blog by Jay Surti)

29 september 2025 - 16:23:33
Washington, DC, USA (PANA) - The global financial crisis of 2008 froze the financial system. Banks pulled back credit, families [...] Full text...

thread Economy

New AfDB review highlights inland fisheries as lifeline for millions of Africans

28 september 2025 - 05:55:13
Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) has released a "Review of African Inland Fisheries," calling for [...] Full text...

thread Agriculture

IMF encourages Botswana to streamline public spending

27 september 2025 - 08:29:27
Gaborone, Botswana (PANA) - Botswana’s economic activity is expected to contract by about 1 percent in 2025, owing primarily to [...] Full text...

thread Economy

Nearly 80 million more children benefiting from school meals: WFP

11 september 2025 - 05:30:37
Geneva, Switzerland (PANA) - School meals are a crucial way out of poverty into “a new world of learning and opportunity”, according [...] Full text...

thread Society

Landlocked nations ‘invisible to much of the world’: UN trade and development chief (By UN News)

07 august 2025 - 05:34:26
Awaza, Turkmenistan (PANA) - Trapped by geography and squeezed by global market forces, the world’s 32 landlocked developing countries remain [...] Full text...

thread Politics

South Africa seeks to strengthen trade ties in Africa

05 august 2025 - 06:53:42
Cape Town, South Africa (PANA) – South Africa is eyeing new markets in Africa and Asia as it continues to [...] Full text...

thread Economy

South African to continue negotiation with the US after 30% tariff imposed - Ramaphosa

01 august 2025 - 11:05:39
Pretoria, South Africa (PAA) - South Africa's President Cyril Ramaphosa says his country will continue to negotiate tariffs with the [...] Full text...

thread Economy

IMF Executive Board concludes 2025 Article IV consultation and Fifth Review Under ECF with Zambia

27 july 2025 - 06:08:33
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) has completed the Article IV Consultation [...] Full text...

thread Economy

Boosting growth with Inclusive financial development crucial to unlock Angola’s poverty alleviation efforts

26 july 2025 - 09:44:53
Luanda, Angola (PANA) - Angola recorded the highest economic expansion since 2014, with real Gross Domestic Product (GDP) growth reaching [...] Full text...

thread Economy

South African delegation attends defence fair in Istanbul

23 july 2025 - 10:13:35
Cape Town, South Africa (PANA) – A group of South African companies that operate in the defence sector is participating [...] Full text...

thread Economy

Risks blur Malawi’s growth outlook amid FX shortages, fuel scarcity, declining ODA

23 july 2025 - 09:41:09
Lilongwe, Malawi (PANA) – Malawi is at a critical juncture facing high inflation, an unsustainable fiscal and debt outlook, foreign [...] Full text...

thread Economy

UN laments US withdrawal from educational and cultural agency

23 july 2025 - 07:09:36
Paris, France (PANA) - The United States announced on Tuesday that it will leave the UN Educational, Scientific and Cultural [...] Full text...

thread Society

IMF mission completes Article IV consultation with Algeria

01 july 2025 - 12:19:31
Algiers, Algeria (PANA) - Strengthened policy frameworks, along with reforms to enhance fiscal resilience, diversify the economy, and promote private [...] Full text...

thread Economy

Despite positive economic prospects in Somalia, foreign aid cuts are downsizing growth

01 july 2025 - 11:08:27
Mogadishu, Somalia (PANA) - Somalia’s economy continued its overall strong performance in 2024, with growth at 4.0 percent supported by [...] Full text...

thread Economy

Guinea must ensure its benefits of growth are widely shared: WB report

01 july 2025 - 10:52:46
Conakry, Guinea (PANA) - Guinea’s economic growth accelerates, but reforms to make growth more inclusive and enhance domestic resource mobilization [...] Full text...

thread Economy

Libya levels the playing field towards private sector growth

01 july 2025 - 07:57:00
Tripoli, Libya (PANA) -  Libya's economy showed promising signs of recovery in 2024 and remained resilient despite challenges arising from [...] Full text...

thread Economy

IMF concludes 2025 Article IV Consultation with Libya

26 june 2025 - 12:53:47
Tripoli, Libya (PANA) - Libya’s continued political division and widespread fragilities have hindered the authorities’ capacity to control public expenditure [...] Full text...

thread Economy

Energy access has improved, yet international financial support still needed to boost progress, address disparities

26 june 2025 - 08:21:47
Geneva, Switzerland (PANA) - Tracking SDG 7: The Energy Progress Report 2025 finds that almost 92% of the world’s population [...] Full text...

thread Economy

IMF Board completes 4th review of Comoros ECF arrangement

25 june 2025 - 11:59:05
Washington, DC, USA (PANA) - The Executive Board of the International Monetary Fund (IMF) has completed the fourth review under [...] Full text...

thread Economy

Can Africa claim the 21st century? World Bank Blog By Andrew Dabalen, Chief Economist, Africa, and Chorching Goh, Lead Economist, Africa

23 june 2025 - 09:13:04
Addis Ababa, Ethiopia (PANA) - In 2000, the World Bank published, “Can Africa Claim the 21st Century?” This landmark report [...] Full text...

thread Society

IMF reviews Burkina Faso’s ECF arrangement; states ‘policy framework remains strong’

21 june 2025 - 11:45:40
Ouagadougou, Burkina Faso (PANA) - The International Monetary Fund (IMF) Executive Board completed on Friday the third review under the [...] Full text...

thread Economy

South African President returns home from G7 session

19 june 2025 - 13:10:59
Cape Town, South Africa (PANA) – South African President Cyril Ramaphosa on Thursday returned home following his working visit to [...] Full text...

thread Politics

G7 launches action plan to secure critical minerals supply chains

18 june 2025 - 14:59:12
Kananaskis, Canada (PANA) - Leaders of the Group of Seven (G7) countries have unveiled a minerals action plan aimed at [...] Full text...

thread Economy

World Economic Forum: Global energy transition gains ground, but security and capital challenges persist

18 june 2025 - 14:38:39
Geneva, Switzerland– Global progress towards secure, equitable and sustainable energy is accelerating after years of sluggish gains, according to a [...] Full text...

thread Economy

IMF staff concludes visit to Liberia

18 june 2025 - 09:23:51
Monrovia, Liberia (PANA) - An International Monetary Fund (IMF) staff team, led by Mr. Daehaeng Kim, Mission Chief for Liberia, [...] Full text...

thread Economy

Two World Bank reports offer roadmap for Sierra Leone's sustainable growth amid climate threats

16 june 2025 - 12:57:33
Freetown, Sierra Leone (PANA) - The World Bank on Monday launched the Sierra Leone Country Economic Memorandum (CEM) and the [...] Full text...

thread Economy

Another first for Liberia: showcasing the new World Bank Group engagement approach and jobs agenda: World Bank Blog by Ousmane Diagana, Vice President, Western and Central Africa

06 june 2025 - 08:33:44
Monrovia, Liberia (PANA) - Liberia is a country of firsts – and contrasts. Founded in 1847, Liberia is Africa’s first [...] Full text...

thread Society

How to spur economic growth in Africa’s fragile and conflict-affected states: IMF Blog By Wenjie Chen, Michele Fornino, Hamza Mighri, Can Sever

06 june 2025 - 08:02:57
Washington, DC, United States (PANA) - More than half of sub-Saharan Africa’s population lives in fragile and conflict-affected states (FCS)—economies [...] Full text...

thread Society

In historic move, WHO Member States approve 20% funding increase and 2026-27 budget

20 may 2025 - 19:55:16
Geneva, Switzerland (PANA) -- In a show of support for a sustainably financed World Health Organization, WHO Member States Tuesday [...] Full text...

thread Health

Asia can boost economic resilience amid surging trade tensions: IMF Blog By Thomas Helbling, Andrea Pescatori, and Krishna Srinivasan

25 april 2025 - 08:47:23
Washington, DC, USA (PANA) - As the global economic system is being reset, US tariffs are the highest in a [...] Full text...

thread Economy

IMF, Libya complete Article IV Mission

17 april 2025 - 10:17:48
Washington, DC, US (PANA) - The dispute over the leadership of the Central Bank of Libya (CBL) last August and [...] Full text...

thread Economy

IMF Staff completes mission to Guinea Bissau

11 april 2025 - 13:14:43
Washington, D.C, US (PANA) - A staff team from the International Monetary Fund (IMF) led by Niko Hobdari visited Bissau [...] Full text...

thread Economy

In Sub-Saharan Africa, the mix of export-related jobs is shifting toward services: World Bank Blog By Hagen Kruse, Gaaitzen de Vries and Deborah Winkler

03 april 2025 - 07:35:38
Addis Ababa, Ethiopia (PANA) - The rise of global value chains has changed the way many of us think about [...] Full text...

thread Economy

Burkina Faso adopts new Customs Code

25 march 2025 - 15:44:57
Ouagadougou, Burkina Faso (PANA) - Burkina Faso adopted a new Customs Code on Monday, introducing a number of innovations including [...] Full text...

thread Economy

Morocco to host the 58th Conference of African Ministers of Finance, Planning and Economic Development in 2026

18 march 2025 - 16:38:29
Cotonou, Benin (PANA) - Morocco is to host the 58th Conference of African Ministers of Finance, Planning and Economic Development [...] Full text...

thread Economy

Claver Gatete of the ECA calls for national resources to be mobilised for the industrialisation of Africa

17 march 2025 - 16:41:22
Cotonou, Benin (PANA) - The Executive Secretary of the Economic Commission for Africa (ECA), Mr. Gatete Claver, has called for [...] Full text...

thread Economy

World Bank’s report urges swift, sustained reforms to accelerate recovery, inclusive growth in South Sudan

14 march 2025 - 08:04:28
Juba, South Sudan (PANA) - The 7th edition of South Sudan Economic Monitor (SSEM) titled ‘A Pathway to Overcome the [...] Full text...

thread Economy

IMF Board completes review of Cong’s ECF arrangement

13 march 2025 - 09:49:10
Washington, DC, United States (PANA) – The International Monetary Fund (IMF) has completed the sixth and final review of the [...] Full text...

thread Economy

Libyan youth call for political stability, accountability, economic reforms

12 march 2025 - 10:47:56
Tripoli, Libya (PANA) - A number of Libyan youth have discussed challenges facing the country's economy with experts of the [...] Full text...

thread Economy

Liberia needs institutional, policy reforms to boost economic growth and development: WB report

12 march 2025 - 07:19:49
Monrovia, Liberia (PANA) - The World Bank has launched its flagship report, the Liberia Country Economic Memorandum, titled “Escaping the [...] Full text...

thread Economy

World Bank enterprise surveys in Botswana: 13 years later: World Bank Blog By Siyun He, Yew Chong Soh and Liang Wang

06 march 2025 - 08:12:23
Gaborone, Botswana (PANA) - Findings from a recent World Bank survey reveal the current state of private sector development in [...] Full text...

thread Economy

Economic diversification is crucial for unlocking new sources of growth in Equatorial Guinea, says new report

05 march 2025 - 07:22:26
Malabo, Equatorial Guinea (PANA) -  Economic diversification away from oil, investing in its people and strengthening institutions are crucial for [...] Full text...

thread Economy

New report highlights Africa’s strengthening economic growth amid global challenges

16 february 2025 - 07:59:37
Addis Ababa, Ethiopia (PANA) - Africa’s economic performance is showing signs of improvement but remains vulnerable to global shocks, according [...] Full text...

thread Economy

Empowering Somalia's economy beyond remittances for long-term stability: World Bank Blog By Abdirahman Bashir Shariff and Aieshwarya Davis

12 february 2025 - 06:45:10
Mogadishu, Somalia (PANA) - When Somalia reached the HIPC (Heavily Indebted Poor Countries) completion point recently, it marked a transformative [...] Full text...

thread Economy

MENA is open to work: Tackling the jobs deficit: World Bank Bog By Ousmane Dione and Roberta Gatti

02 february 2025 - 12:32:06
Rabat, Morocco (PANA) -  The Middle East and North Africa (MENA) has a large reservoir of untapped human resources, with [...] Full text...

thread Society

Côte d’Ivoire: IMF Country Focus -Fostering economic transformation and adapting to climate change

15 january 2025 - 07:19:40
Abidjan, Côte d’Ivoire (PANA) - The Ivoirien economy has performed strongly over the past decade, with GDP growth averaging 6.4 [...] Full text...

thread Economy

Can Angola, the second largest oil producer in Sub-Saharan Africa, transform itself from a food insecure country to a regional food hub? World Bank Blog By Izabela Leao and Nelson Eduardo

21 december 2024 - 11:22:40
Luanda, Angola (PANA) - Walking around Luanda, the capital of Angola, it's easy to marvel at the large, modern buildings, [...] Full text...

thread Agriculture

IMF Executive Board completes second review under Extended Credit Facility Arrangement for Burkina Faso

21 december 2024 - 10:30:28
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) has completed the Second Review under [...] Full text...

thread Economy

Libya's economy set for sustainable growth, increased productivity

18 december 2024 - 11:05:54
Washington, DC, USA (PANA) - Libya’s economy is expected to stabilise following an agreement ending the leadership crisis at the [...] Full text...

thread Economy

IMF Board completes fourth review of Zambia’s ECF arrangement

17 december 2024 - 08:14:08
Lusaka, Zambia (PANA) – Zambia has secured immediate access to US$ 184 million after the International Monetary Fund (IMF) Executive [...] Full text...

thread Economy

Holding the front line against desertification

09 december 2024 - 07:15:59
Riyadh, Saudi Arabia (PANA) - Some one billion people globally under the age of 25 live in regions where they [...] Full text...

thread Environment

Global trade set to reach new high, with opportunities and challenges for developing economies in 2025

06 december 2024 - 19:59:31
Geneva, Switzerland (PANA) - World trade is on track to hit a record $33 trillion in 2024, but risks of [...] Full text...

thread

Global trade to hit record $33 trillion in 2024, but uncertainties over tariffs loom

05 december 2024 - 19:36:35
Geneva, Switzerland (PANA) - Global trade is poised to hit a record $33 trillion in 2024, showcasing remarkable resilience despite [...] Full text...

thread Economy

Global trade set to reach new high, with opportunities and challenges for developing economies in 2025

05 december 2024 - 17:59:28
Geneva, Switzerland (PANA) -  Global trade is set to reach a record $33 trillion in 2024, according to the latest [...] Full text...

thread

Saudi Arabia, WBG establish Global Knowledge Hub in Riyadh

03 december 2024 - 11:19:27
Riyadh, Saudi Arabia (PANA) - The Kingdom of Saudi Arabia and the World Bank Group (WBG) signed an agreement on [...] Full text...

thread Society

Unlocking the development potential of economic corridors: Lobito Corridor and its impact on local communities: World Bank Blog By Juan Carlos, Alvarez Mila Malavoloneque and Sunita Varada

02 december 2024 - 08:54:23
Luanda, Angola (PANA) - A multi-sectoral team from the World Bank was on tracks of the Benguela railway and visited [...] Full text...

thread Agriculture

Choosing our future: Country lessons on unlocking education for action: World Bank Blog By Luis Benveniste and Sergio Venegas Marin

29 november 2024 - 07:00:42
Baku, Azerbaijan (PANA) - At the just-ended COP29 in Baku, education took center stage as leaders and youth advocates gathered [...] Full text...

thread Environment

Debt burden stifles development spending in Africa's poorer countries

19 november 2024 - 15:44:43
Addis Ababa, Ethiopia (PANA) - Africa’s rising debt burden is eroding funding for sustainable development in poor countries, impacting heavily [...] Full text...

thread Economy

IMF reaches staff-level deal with DRC on ECF, RSF for US$ 1.77 billion

14 november 2024 - 08:35:29
Kinshasa, DR Congo (PANA) – Authorities in the Democratic Republic of Congo (DRC) and a mission of the International Monetary [...] Full text...

thread Economy

IMF, Zambia strike deal on 4th review of Extended Credit Facility

12 november 2024 - 11:49:13
Lusaka, Zambia (PANA) - The lingering effects of drought have hit Zambia's economic landscape harder than anticipated, with reduced agricultural [...] Full text...

thread Economy

IMF issues preliminary statement on assessment of Congo’s financial stability

08 november 2024 - 08:16:18
Washington, DC, United States (PANA) - International Monetary Fund (IMF) staff is engaging with the Republic of Congo authorities to [...] Full text...

thread Economy

IMF, Guinea Bissau reach staff-level deal on review of ECF arrangement

08 november 2024 - 07:47:03
Bissau, Guinea Bissau (PANA) – The International Monetary Fund (IMF) and Guinea Bissau have reached staff-level agreement on economic policies [...] Full text...

thread Economy

Climate resilience in Guinea-Bissau hinges on stability, governance and business climate

05 november 2024 - 07:32:25
Bissau, Guinea-Bissau (PANA) - Strengthened institutional and financial systems are crucial for fostering climate resilience and sustainable development in Guinea-Bissau, [...] Full text...

thread Economy

From challenges to opportunities: Transforming human capital in CEMAC: World Bank Blog By Ioana Botea and Nathalie Lahire

28 october 2024 - 12:08:47
Yaoundé, Cameroon (PANA) - Human capital is a cornerstone for sustained and inclusive growth. In today’s world, a nation’s wealth [...] Full text...

thread Society

IMF staff completes 2024 Article IV Consultation Mission to Chad

16 october 2024 - 10:56:27
N’Djamena, Chad (PANA) - Chad’s economic growth, after increasing to 4.9 percent in 2023, is expected to moderate this year, [...] Full text...

thread Economy

Equatorial Guinea Economic Update: Designing fiscal instruments for sustainable forestry

08 october 2024 - 10:14:38
Malabo, Equatorial Guinea (PANA) -  The World Bank has issued the 2024 Equatorial Guinea Economic Update which analyses the country’s [...] Full text...

thread Economy

In plain view: Solutions to turbocharge the agrifood system transition: World Bank Blog By Sergiy Zorya, Joshua Gill, Alexandra Horst and Francis Addeah Darko

07 october 2024 - 07:17:30
Dar es Salaam, Tanzania (PANA) - Momentum is growing for real food systems change at a scale never seen before. [...] Full text...

thread Agriculture

Economic diversification: Crafting a multi-sectoral strategy for economic stabilisation for Malawi: World Bank Blog By Tatenda Chiuye

19 september 2024 - 09:13:55
Lilongwe, Malawi (PANA) - Have you ever owned a favourite pen that you found indispensable? I certainly had, every day [...] Full text...

thread Society

Congo designs fiscal instruments for sustainable forestry, economic growth

14 august 2024 - 07:42:44
Brazzaville, Congo (PANA) – Republic of Congo’s economy is gradually recovering, with GDP growth estimated at 1.9% in 2023, according [...] Full text...

thread Economy

IMF management approves Staff Monitored Programme for Equatorial Guinea

25 july 2024 - 11:07:04
Washington, DC, United States (PANA) - Management of the International Monetary Fund (IMF) on Wednesday approved a 12-month non-financing Staff [...] Full text...

thread Economy

Libyan Prime Minister calls for urgent solutions to stabilize Libya's electricity network

19 july 2024 - 16:29:29
Tripoli, Libya  (PANA) - The Libyan Prime Minister of the Government of National Unity, Abdulhamid al-Dbaiba, has stressed the need [...] Full text...

thread Economy

AfDB chief warns Nigeria’s food import policy could destroy its agriculture

13 july 2024 - 18:42:57
Abuja, Nigeria (PANA) - The President of the African Development Bank (AfDB) Group, Dr. Akinwumi Adesina, has said the decision [...] Full text...

thread Agriculture

Donor delegation expresses satisfaction with Cape Verde's Tech Park

07 july 2024 - 07:33:29
Praia, Cape Verde (PANA) - A high-level donor delegation that included the African Development Bank (AfDB) has expressed strong admiration [...] Full text...

thread Society

IMF Executive Board holds Post-Financing Assessment Consultation with Angola

04 july 2024 - 10:10:00
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) has concluded the Post Financing Consultation [...] Full text...

thread Economy

Green Zambia: Financing a liveable future: World Bank Blog By Qursum Qasim

03 july 2024 - 12:12:54
Lusaka, Zambia (PANA) - Green is the new buzzword, but what does greening industry and the financial sector mean in [...] Full text...

thread Economy

AfDB, JICA align priorities ahead of TICAD9 summit

01 july 2024 - 07:43:52
Tokyo, Japan (PANA) - The African Development Bank (AfDB) Group and the Japan International Cooperation Agency (JICA) have underscored the [...] Full text...

thread Economy

Uganda should improve public spending on health for a more productive population

27 june 2024 - 13:58:38
Kampala, Uganda (PANA) - Economic activity in Uganda has remained resilient despite multiple successive shocks, with real gross domestic product [...] Full text...

thread Health

Equatorial Guinea: New report proposes way forward to develop a safe, inclusive digital economy

25 june 2024 - 12:12:40
Malabo, Equatorial Guinea (PANA) - In the wake of new challenges and its prolonged oil-dependency, Equatorial Guinea’s government is aiming [...] Full text...

thread Economy

Burkina Faso’s recovery depends on having security under control: IMF

16 june 2024 - 11:37:40
Ouagadougou, Burkina Faso (PANA) – Burkina Faso’s economic growth is projected at 5.5 percent in 2024 but remains below potential [...] Full text...

thread Economy

New WB financing for Nigeria’s inclusive growth, revenue diversification

14 june 2024 - 10:22:12
Abuja, Nigeria (PANA) – The World Bank on Thursday approved two operations: $1.5 billion for the Nigeria Reforms for Economic [...] Full text...

thread Economy

World Bank approves $150 million for food security project in Benin

12 june 2024 - 11:25:22
Cotonou, Benin (PANA) - The World Bank has  approved additional financing of $150 million for Benin to help the country [...] Full text...

thread Agriculture

Dollar dominance in the international reserve system: IMF Update By Serkan Arslanalp, Barry Eichengreen, and Chima Simpson-Bell

11 june 2024 - 12:56:48
Washington DC, United States (PANA) - Dollar dominance—the outsized role of the US dollar in the world economy—has been brought [...] Full text...

thread Economy

IMF reaches staff-level deal on third review of Zambia’s ECF

05 june 2024 - 13:52:47
Lusaka, Zambia (PANA) - The International Monetary Fund (IMF) and Zambia have reached a staff-level agreement on economic policies and [...] Full text...

thread Economy

Financiers for Ghana’s new Ship Repair Dock Project

05 june 2024 - 10:43:54
Accra, Ghana (PANA) - A consortium, including the African Development Bank (AfDB), has signed an agreement to extend $94 million [...] Full text...

thread Economy

Seychelles withstands climate shocks, continued volatility in external environment

04 june 2024 - 10:40:06
Victoria, Seychelles (PANA) - The Seychelles economy has continued to demonstrate resilience, despite continued volatility in the external environment and [...] Full text...

thread Economy

AfDB stresses need for responsible, innovative solutions for African debt management

01 june 2024 - 07:56:51
Nairobi, Kenya (PANA) - It is essential to find innovative solutions for managing the debt of African countries, taking proactive [...] Full text...

thread Economy

Sierra Leone to enhance climate-resilient transport, access to market

30 may 2024 - 11:03:00
Freetown, Sierra Leone (PANA) - The World Bank Board has approved a $74 million International Development Association (IDA) grant to [...] Full text...

thread Economy

Congo, IMF staff reach deal on fifth review under ECF arrangement

30 may 2024 - 08:40:40
Brazzaville, Congo (PANA) – International Monetary Fund (IMF) staff has reached staff-level agreement on the Fifth Review of the Extended [...] Full text...

thread Economy

IMF welcomes Gabon’s rebound in economic growth

29 may 2024 - 14:10:19
Libreville, Gabon (PANA) - The Executive Board of the International Monetary Fund (IMF) has welcomed Gabon’s rebound in growth and [...] Full text...

thread Economy

Scaling up pathways to growth in Ethiopia through tourism investments: World Bank Blog By Qursum Qasim

23 may 2024 - 07:23:49
Addis Ababa, Ethiopia (PANA) - From the otherworldly vistas of the Bale Mountains to the rock-hewn churches of Lalibela and [...] Full text...

thread Economy

Algeria: Investing in data key for diversified growth

22 may 2024 - 19:44:54
Algiers, Algeria (PANA) - Algeria’s economic growth remained dynamic in 2023, with GDP recording a 4.1 per cent increase, driven [...] Full text...

thread Economy

Mauritius economy rebounds on back of tourism, housing construction

17 may 2024 - 08:24:36
Port Louis, Mauritius (PANA) - The Mauritius economy has rebounded strongly from the pandemic on the back of buoyant tourism, [...] Full text...

thread Economy

Libya attends United Nations meeting on tourism in New York

16 april 2024 - 17:52:33
Tripoli, Libya (PANA) - The interim Libyan Minister of Tourism and Handicrafts in the government of national unity, Nasreddine al-Fazzani, [...] Full text...

thread Economy

Uncertainty, amidst conflict and indebtedness, weighs on the outlook for MENA region

15 april 2024 - 17:24:02
Washington, DC. USA (PANA) -- Lacklustre growth, rising indebtedness and heightened uncertainty due to the conflict in the Middle East [...] Full text...

thread Economy

Wave of increased food insecurity hits West and Central Africa

12 april 2024 - 21:57:03
Abuja, Nigeria (PANA) - Almost 55 million people are facing further food and nutrition insecurity in West and Central Africa [...] Full text...

thread Society

Libya aims to increase non-oil revenues to 60%

29 march 2024 - 14:10:55
Tripoli, Libya (PANA) - The Libyan Minister of Economy and Trade, Mohamed al-Haweij, has said that the Ministry is aiming [...] Full text...

thread Economy

AfDB signs US$75 million loan agreement to boost fertilizer production in Nigeria

29 march 2024 - 13:17:05
Port Harcourt, Nigeria (PANA) - The African Development Bank (AfDB) has signed a US$75 million loan agreement with Nigeria’s Indorama [...] Full text...

thread Economy

AfDB Executive Directors visit Sierra Leone

18 march 2024 - 10:15:57
Freetown, Sierra Leone (PANA) - A delegation of seven Executive Directors from the African Development Bank (AfDB) Group has arrived [...] Full text...

thread Economy

WB boosts support for financial sustainability, reliability and resilience of Zambia’s electricity sector

16 march 2024 - 08:57:42
Lusaka, Zambia (PANA) - A new National Energy Advancement and Transformation Programme (NEAT), a multiphase programme supported by the World [...] Full text...

thread Economy

Hannan Morsy of ECA reveals the pillars of sustainable development for Africa

05 march 2024 - 20:46:15
Cotonou, Benin (PANA) - The Chief Economist and Deputy Executive Secretary of the Economic Commission for Africa (ECA) has revealed [...] Full text...

thread Economy

WTO 13th Ministerial Conference approves WTO membership of Comoros and Timor-Leste

26 february 2024 - 18:39:04
Dubai, Abu Dhabi (PANA) - The 13th Ministerial Conference (MC13) of the World Trade Organization (WTC) has formally approved the [...] Full text...

thread Economy

Africa to account for 11 of world’s 20 fastest-growing economies in 2024: AfDB

19 february 2024 - 05:21:43
Addis Ababa, Ethiopia (PANA) - Africa will account for eleven of the world’s 20 fastest-growing economies in 2024, the African Development [...] Full text...

thread Economy

African countries scoop 11 out of 20 world's top growth economies

16 february 2024 - 20:47:40
Addis Ababa, Ethiopia (PANA) - Africa will account for eleven of the world’s 20 fastest-growing economies in 2024, the African [...] Full text...

thread Economy

Strengthening transparency, governance, revitalising economic growth are among challenges facing Gabon: IMF mission

16 february 2024 - 11:14:16
Libreville, Gabon (PANA) – Gabon’s economy has recovered from multiple shocks emanating from the global and domestic economy, with growth [...] Full text...

thread Economy

Reducing electricity, telecommunications costs in Djibouti could boost growth, add jobs: World Bank report

01 february 2024 - 16:30:02
Djibouti, Djibouti (PANA) - Djibouti has achieved remarkable economic growth over the past two decades, driven by strategic infrastructure investments, [...] Full text...

thread Economy

South Africa's first shipment of AfCFTA goods hailed

31 january 2024 - 10:51:00
Cape Town, South Africa (PANA) – President Cyril Ramaphosa on Wednesday officiated the launch of South Africa's first shipment and [...] Full text...

thread Economy

World Economic Forum: New report measures quality of growth for new economic era

17 january 2024 - 07:31:17
Davos-Klosters, Switzerland (PANA) – A new World Economic Forum report, released on Wednesday, offers a re-evaluation of global economic growth, [...] Full text...

thread Economy

German companies urged to resume work on projects in Libya

31 december 2023 - 14:29:08
Tripoli, Libya (PANA) - Libya's Minister of Economy and Trade, Mohamed Al-Haweij, has urged German companies to resume work on [...] Full text...

thread Economy

Kenya, EU sign landmark economic partnership agreement

19 december 2023 - 16:26:12
Nairobi, Kenya (PANA) - Kenya and the European Union on 18 December signed an Economic Partnership Agreement (EPA) which will [...] Full text...

thread Economy

Congo promotes governance reforms to boost inclusive, sustainable growth

16 december 2023 - 08:48:21
Brazzaville, Congo (PANA) - The World Bank on Saturday announced approval of a Development Policy Financing (DPF) operation of $80 [...] Full text...

thread Economy

IMF completes 2023 Article IV Consultation with Rwanda, approves US$268.05 million for Stand-by Credit Facility

15 december 2023 - 10:42:09
Kigali, Rwanda (PANA) - Despite the challenging environment, including the floods in May 2023, Rwandan authorities are to be commended [...] Full text...

thread Economy

World Bank supports Cape Verde's efforts to strengthen drivers of growth

12 december 2023 - 12:04:38
Praia, Cape Verde (PANA) – The World Bank Board has approved a US$25 million Development Policy Financing (DPF) loan for [...] Full text...

thread Economy

Burkina Faso now has latest generation of defence equipment -Prime Minister

01 december 2023 - 16:20:43
Ouagadougou, Burkina Faso (PANA) - Apollinaire Joachimson Kyélem de Tambèla, prime minister of Burkina Faso's transitional government, told Parliament on [...] Full text...

thread Society

IMF Executive Board approves US$8.2 million disbursement to Guinea-Bissau

30 november 2023 - 09:31:31
Bissau, Guinea Bissau (PANA) – The International Monetary Fund (IMF) Executive Board has decided on an immediate disbursement of US$8.23 [...] Full text...

thread Economy

Zambia set to access $184 million in IMF financing

21 november 2023 - 10:18:19
Lusaka, Zambia (PANA) - Zambian authorities and the International Monetary Fund (IMF) team have reached a staff-level agreement on economic [...] Full text...

thread Economy

Repercussions of flood disaster in eastern Libya on agenda of 2nd meeting between the BCL and IMF

14 november 2023 - 17:00:54
Tripoli, Libya (PANA) - The preliminary meetings for the Article 4 consultations for the year 2024 continued Tuesday between the [...] Full text...

thread Economy

World Bank: Chad's economy facing multiple challenges

14 november 2023 - 09:35:11
N'djamena, Chad (PANA) -  Chad's economy is facing multiple, and often interrelated challenges that have slowed down its growth, according [...] Full text...

thread Economy

OPEC supports technical, vocational training in Benin

13 november 2023 - 19:49:33
Cotonou, Benin (PANA) - The Organisation of Petroleum Exporting Countries (OPEC) is giving Benin a loan of $25.5 million to [...] Full text...

thread Economy

AfDB unveils 2023-2028 Country Strategy Paper for Congo

07 november 2023 - 10:46:02
Abidjan, Cote d'Ivoire (PANA) - The African Development Bank's Country Strategy Paper (CSP 2023-2028) for Congo will focus on four [...] Full text...

thread Economy

AGOA Forum kicks off in Johannesburg

03 november 2023 - 09:09:45
Cape Town, South Africa (PANA) – President Cyril Ramaphosa on Friday officially opened the Africa Growth and Opportunity Act (AGOA) [...] Full text...

thread Economy

Gambia, IMF conclude staff-level deal on Extended Credit Facility

02 november 2023 - 07:17:40
Banjul, Gambia (PANA) – The Gambian authorities and the International Monetary Fund (IMF) staff have reached a staff-level agreement on [...] Full text...

thread Economy

Three priorities to turn natural capital into wealth for people of the Congo Basin: World Bank Blog By Cheick Fantamady Kanté

27 october 2023 - 07:07:04
Brazzaville, Congo (PANA) - The question “top-of-mind” for most leaders and climate champions who will be gathering this week in [...] Full text...

thread Environment

WB report highlights importance of strengthening Algeria’s economic resilience, amidst heightening global uncertainty

26 october 2023 - 12:05:30
Algiers, Algeria (PANA) - Algeria's economy has reached its pre-pandemic level in 2022, the recovery extending to the first half [...] Full text...

thread Economy

Mauritius to establish biopharma industry

21 october 2023 - 06:56:15
Port-Louis, Mauritius (PANA) – The European Union (EU) is to help Mauritius establish a pharmaceutical and biotechnology industry, the Mauritius [...] Full text...

thread Economy

Governor of Central Bank of Libya attennds IMF's annual meetings in Morocco

14 october 2023 - 15:11:24
Tripoli, Libya (PANA) - The Governor of the Central Bank of Libya (BCL), al-Seddik al-Kebir, took part on Friday in [...] Full text...

thread Economy

New RISE partnership aims to increase developing countries' participation in mineral and clean energy industries

12 october 2023 - 07:38:36
Marrakech, Morocco (PANA) - Creating jobs and confronting climate change are two of the biggest challenges in the fight against [...] Full text...

thread Economy

EC greenlights first investment facilitation agreement in Africa

09 october 2023 - 13:48:33
Brussels, Belgium (PANA) – The European Council on Monday adopted a decision on the signature of the sustainable investment facilitation [...] Full text...

thread Economy

Congo can turn climate crisis into opportunity to end poverty, boost prosperity

09 october 2023 - 12:52:46
Brazzaville, Congo (PANA) - Through implementation of more ambitious reforms to promote economic diversification and climate resilience, Congo could reduce [...] Full text...

thread Society

Pace of energy transition will define South Africa’s economic prospects: Climate Commission

06 october 2023 - 09:20:52
Johannesburg, South Africa (PANA) – Presidential Climate Commission (PCC) executive director Dr Crispian Olver says South Africa’s energy transition and [...] Full text...

thread Economy

Growth in mining expected to take Namibia back to pre-pandemic level

03 october 2023 - 17:08:58
Windhoek, Namibia (PANA) - On the back of sustained mining growth and recovery in tourism, Namibia’s real GDP growth reached [...] Full text...

thread Economy

Burkina Faso secures US$302 million under IMF credit arrangement

22 september 2023 - 16:30:08
Washington, DC, US (PANA) -  The Executive Board of the International Monetary Fund (IMF) has approved a 48-month arrangement under [...] Full text...

thread Economy

Angola: Unlocking the potential of creative industries (UNCTAD Feature)

15 september 2023 - 18:30:22
Geneva, Switzerland (PANA) - Angola's  nascent creative industries hold vast potential to help diversify its oil-dependent economy. To do so, [...] Full text...

thread Society

Sudan conflict: FAO launches emergency plan to combat hunger in Sudan

12 september 2023 - 05:38:05
Khatroum, Sudan (PANA) - The UN Food and Agriculture Organisation (FAO) on Monday launched an emergency response plan to provide [...] Full text...

thread Agriculture

IMF Executive Board concludes first post financing assessment with Angola

06 september 2023 - 08:05:34
Luanda, Angola (PANA) – Angola’s economic recovery in the near term remains dependent on the oil sector and is largely [...] Full text...

thread Economy

Botswana registers strong recovery, plans fiscal expansion in 2023

31 august 2023 - 16:41:59
Gaborone, Botswana (PANA) - Botswana’s growth is expected to slow to 3.8 per cent in 2023 due to a projected [...] Full text...

thread Economy

Africa can become new global supply chain force: UNCTAD

16 august 2023 - 16:00:32
Nairobi, Kenya (PANA) - African economies should seize the opportunity to better integrate into technology-intensive global supply chains and boost [...] Full text...

thread Economy

Top UN official in Mauritius highlights transformative power of food production

23 july 2023 - 11:40:53
Port-Louis, Mauritius (PANA) - Transforming the way food is produced on the Indian Ocean archipelago of Mauritius could help to [...] Full text...

thread Agriculture

Urgent action needed to address macroeconomic imbalances, increase energy access in Malawi

19 july 2023 - 16:27:04
Lilongwe, Malawi (PANA) - Malawi’s path towards achieving the goals of its long-term development vision, Malawi 2063, remains feasible but [...] Full text...

thread Economy

Slump in diamond production hits Botswana’s growth in 2023

15 july 2023 - 09:00:33
Gaborone, Botswana (PANA) - Botswana’s growth is expected to slow from 5.8 per cent in 2022 to 3.8 per cent [...] Full text...

thread Economy

Cape Verde’s sustainable growth relies on economic diversification, resilience to external shocks

14 july 2023 - 16:57:23
Praia, Cape Verde (PANA) - In 2022 Cape Verde witnessed strong economic growth, led by the sectors of tourism, transport, [...] Full text...

thread Economy

Combating drought, one garden at a time (A WFP feature)

18 june 2023 - 04:48:16
Niamey, Niger (PANA) - Just before noon in Satara, a remote village in Niger’s southwestern Tillaberi region, the thermometer is [...] Full text...

thread Environment

Zambia receives $100 million boost for transformational tourism development

12 june 2023 - 18:36:44
Lusaka, Zambia (PANA) - The World Bank’s Board of Executive Directors on Monday approved a $100 million credit to strengthen [...] Full text...

thread Economy

Equatorial Guinea’s economy projected to decline by 6.4 percent: IMF team

10 june 2023 - 10:09:47
Malabo, Equatorial Guinea (PANA) - Equatorial Guinea’s economy expanded in 2022 for the first time since 2014, with real GDP [...] Full text...

thread Economy

AfDB launches study on urban infrastructure, climate adaptation

07 june 2023 - 08:39:02
Djibouti City, Djibouti (PANA) - The African Development Bank (AfDB) has launched the Integrated Urban Infrastructure and Climate Adaptation Study [...] Full text...

thread Environment

Portugal's President De Sousa to visit South Africa

05 june 2023 - 10:02:54
Cape Town, South Africa (PANA) – President Cyril Ramaphosa will on Tuesday host his Portuguese Counterpart, Marcelo Rebelo De Sousa, [...] Full text...

thread Politics

Angola to accelerate job creation and growth in private enterprise

03 june 2023 - 07:54:09
Luanda, Angola (PANA) - Angola aims to accelerate economic diversification, private investment, and jobs by creating more favourable business conditions [...] Full text...

thread Economy

Infrastructure development reduce transit times landlocked Africa countries

29 may 2023 - 13:54:53
Gaborone, Botswana (PANA)  - UN hafours applauded landlocked developing countries in Africa on development of both rail and road infrastructure [...] Full text...

thread Economy

IMF resumes consultation with Libya after 10-year hiatus

26 may 2023 - 06:46:52
Washington, DC, US (PANA) – Executive Directors of the International Monetary Fund (IMF) have welcomed the resumption of Article IV [...] Full text...

thread Economy

AfDB approves $15 million loan to support infrastructure financing in Nigeria

18 may 2023 - 18:23:34
Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Bank (AfDB) has approved a US$15 million [...] Full text...

thread Economy

Libya holds workshop to evaluate renewable energy strategy

11 may 2023 - 13:55:19
Tripoli, Libya (PANA) - The renewable energy investment team affiliated to Libya's Prime Minister of the Government of National Unity, [...] Full text...

thread Economy

Rabat and Conakry agree to enhance partnership

10 may 2023 - 14:09:15
Rabat, Morocco (PANA) - Morocco and Guinea agreed on Tuesday in Rabat to further enhance their partnership under South-South cooperation, [...] Full text...

thread Politics

Prime Minister of Burkina Faso pays working visit to Venezuela

09 may 2023 - 16:11:15
Ouagadougou, Burkina Faso (PANA) - The Prime Minister of Burkina Faso, Apollinaire Joachimson Kyelem de Tambela, is on a seven-day [...] Full text...

thread Economy

IMF team, DRC officials reach staff-level deal on ECF fourth review

04 may 2023 - 08:35:59
 Kinshasa, DR Congo (PANA) – Showing resilience, and with real GDP growth at 8.9 per cent in 2022, the economy [...] Full text...

thread Economy

AfDB to build 30 MW Solar Photovoltaic Power Plant in Dekemhare, Eritrea

07 april 2023 - 05:19:06
Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB), through the African Development Fund (ADF), will finance the construction [...] Full text...

thread Economy

Water security is key for development, stability in South Sudan: WB report

28 march 2023 - 06:39:21
Juba, South Sudan (PANA) - The dramatic flood events of the past four years are a stark reminder of the [...] Full text...

thread Environment

WB report shares recommendations to improve social assistance in Guinea-Bissau

21 march 2023 - 14:38:44
Bissau, Guinea-Bissau (PANA) - Prioritising vulnerable groups, evaluating and rationalising existing social assistance programmes, increasing local and community participation, establishing [...] Full text...

thread Society

Libyan Ministry of Planning, WB meet on country's water, sanitation projects

18 march 2023 - 16:13:09
Tripoli, Libya (PANA) - The Libyan Minister of Planning in the government of national unity, Mohamed al-Zaidani, Friday discussed with [...] Full text...

thread Economy

Libya faces daunting challenge to lessen reliance on hydrocarbons: IMF

18 march 2023 - 10:13:18
Washington, DC, US (PANA) - There is an urgent need for a clear economic vision for Libya as the country [...] Full text...

thread Economy

ECA calls for focus on AfCFTA implementation

16 march 2023 - 14:34:18
Cotonou, Benin (PANA) - The Acting Executive Secretary of the Economic Commission for Africa (ECA), Pedro Antonio, has called for [...] Full text...

thread Economy

Sixth Pension Funds and Alternative Investments Africa Conference opens

16 march 2023 - 09:00:28
Pte aux Piments, Mauritius (PANA) – At the two-day conference organised by the AMETrade, Mauritian Minister of Financial Services and [...] Full text...

thread Economy

Economic diversification away from oil is crucial for Congo’s long-term growth: WB Report

15 march 2023 - 13:49:49
Brazzaville, Congo (PANA) - Economic diversification away from oil is crucial for reversing recent economic setbacks in the Republic of [...] Full text...

thread Economy

Second Libyan-German Economic Forum 'an opportunity for investment'

07 march 2023 - 11:57:18
Tripoli, Libya (PANA) - Libyan Prime Minister, Abdelhamid al-Dbaiba, has said that the holding of the second Libyan-German Economic Forum [...] Full text...

thread Economy

Mauritius to produce 60% renewable energy by 2030

01 march 2023 - 09:14:43
Port-Louis, Mauritius (PANA) -  The Mauritius Central Electricity Board (CEB) has launched several programmes aimed at different categories of consumers [...] Full text...

thread Economy

Libya imports food products, worth more than US$4 billion in 2022

27 february 2023 - 13:10:17
Tripoli, Libya (PANA) - Foodstuffs and raw materials, worth US$4.429 billion of were imported into Libya during the period, 1 [...] Full text...

thread Economy

Mali protests against "the unfriendly, erroneous and aggressive remarks of the President of the European Council

21 february 2023 - 15:51:51
Bamako, Mali (PANA) - The chargé d'affaires of the European Union Delegation in Mali, Pascal Perennec, was Tuesday summoned to [...] Full text...

thread Politics

Investing in human capital, governance and business climate key for Guinea Bissau

17 february 2023 - 08:24:00
Bissau, Guinea Bissau (PANA) - Strengthening governance, investing in human capital with a focus on education, and improving the business [...] Full text...

thread Economy

New World Bank strategy to support socioeconomic transformation in Côte d’Ivoire

03 february 2023 - 13:05:02
Abidjan, Côte d’Ivoire (PANA) - The World Bank Group has kicked off a new Country Partnership Framework (CPF 2023-2027) with [...] Full text...

thread Economy

IMF approves US$38.4 million ECF arrangement for Guinea-Bissau

31 january 2023 - 11:02:59
Bissau, Guinea Bissau (PANA) – A new credit support programme under the International Monetary Fund (IMF) aims to anchor macroeconomic [...] Full text...

thread Economy

US Global Food Security envoy to visit Zambia. Malawi, UK

14 january 2023 - 05:46:18
Washington, DC, US (PANA) - The U.S. Department of State Special Envoy for Global Food Security, Dr. Cary Fowler will [...] Full text...

thread Society

World Bank says 2023 global growth to slow to 1.7% from 3% expected six months ago

11 january 2023 - 17:29:24
Banjul, Gambia (PANA) - Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, [...] Full text...

thread Economy

Sharp, long-lasting slowdown to hit developing countries hard: WB

10 january 2023 - 19:10:59
Washington, DC, US (PANA) - Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced [...] Full text...

thread Economy

IMF Executive Board approves US$71 million for Guinea

23 december 2022 - 10:57:51
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) on Thursday approved a disbursement of SDR [...] Full text...

thread Economy

WB approves additional financing for food systems resilience in Sierra Leone

16 december 2022 - 11:56:58
Freetown, Sierra Leone (PANA) - An additional 516,700 people in Sierra Leone will benefit from a $50 million International Development [...] Full text...

thread Agriculture

Sierra Leone faces challenges in improving citizens’ welfare

15 december 2022 - 14:05:13
Freetown, Sierra Leone (PANA) - Sierra Leone faces many challenges in improving the welfare of its population but increased investment [...] Full text...

thread

EBRD lends US$ 40 million to global yeast manufacturer Angel Yeast Egypt

15 december 2022 - 12:44:33
Cairo, Egypt (PANA) - In supporting Egypt’s agribusiness, the European Bank for Reconstruction and Development (EBRD) announced on Thursday it [...] Full text...

thread Agriculture

African leaders outline ambitious targets in pursuit of continental industrialisation

08 december 2022 - 19:54:45
Addis Ababa, Ethiopia (PANA) - A recent Summit of African leaders to explore a new roadmap to continental industrialization plan [...] Full text...

thread Economy

Abdallah al-Lafi and Mohamed Bazoum discuss the re-launch of CEN-SAD

26 november 2022 - 18:22:00
Tripoli, Libya (PANA) - The deputy chairman of the Libyan Presidential Council, Abdallah al-Lafi, Friday discussed with Niger's President Mohamed [...] Full text...

thread Politics

Libyan deputy chairman reaffirms need for private sector involvement in Africa's economic development

26 november 2022 - 14:52:13
Tripoli, Libya (PANA) - The Deputy Chairman of the Libyan Presidential Council, Abdallah al-Lafi, has said that Africa needs more [...] Full text...

thread Politics

Abdallah al-Lafi and Moussa Faki discuss inclusive conference on national reconciliation

26 november 2022 - 13:41:04
Tripoli, Libya (PANA) - The deputy chairman of the Libyan Presidential Council, Abdallah al-Lafi, and the Chairperson of the African [...] Full text...

thread Politics

Libyan Deputy Chairman attwends AU Extraordinary Summit on Industrialisation in Africa

25 november 2022 - 11:39:07
Tripoli, Libya (PANA) - The deputy chairman of the Libyan Presidential Council, Abdallah al-Lafi, arrived in the Nigerien capital, Niamey, [...] Full text...

thread Politics

‘Join forces’ for peaceful, prosperous continent, urges UN chief on Africa Industrialization Day

21 november 2022 - 05:15:13
New York, US (PANA) - On Africa Industrialization Day on Sunday, the UN chief urged everyone to “join forces to build [...] Full text...

thread Economy

World Bank gives Mali $30 million to improve agriculture

12 november 2022 - 12:44:07
Bamako, Mali (PANA) - The World Bank has approved an International Development Association (IDA) credit of US$30 million (about CFAF [...] Full text...

thread Agriculture

World Bank says COVID-19 elevated poverty in The Gambia

09 november 2022 - 14:41:06
Banjul, Gambia (PANA) - The Gambia’s poverty rate has climbed to 53.4% largely due to COVID-19, according to The Gambia [...] Full text...

thread Society

Namibia demands implementation of Paris climate change agreement

27 october 2022 - 15:57:12
Windhoek, Namibia (PANA) - Africa must focus on the implementation of the Paris Agreement, recommends Tom Oweendo, Namibia's Minister of [...] Full text...

thread Environment

Islamic Development Bank supports agriculture in Benin with $18.4 million

18 october 2022 - 18:03:58
Cotonou, Benin (PANA) - The Islamic Development Bank (IDB) has granted Benin US$18.40 million to support the country's agriculture, the [...] Full text...

thread Agriculture

Mauritius Commercial Bank Group's profit up by 21% in 2021/2022

29 september 2022 - 08:28:48
Port-Louis, Mauritius (PANA) - The Mauritius Commercial Bank (MCB) Group announced on Thursday profits of around 9.96 billion rupees for [...] Full text...

thread Economy

WFP in Kenya welcomes record funding from US government to fight hunger

25 september 2022 - 09:56:12
Nairobi, Kenya (PANA) - The United Nations World Food Programme (WFP) has welcomed a contribution of US$194.5 million from the [...] Full text...

thread Society

Towards the formation of Libyan-Spanish Business Council

12 september 2022 - 14:58:49
Tripoli, Libya (PANA) - The Board of Directors of the Tripoli Chamber of Commerce, Industry and Agriculture Monday agreed with [...] Full text...

thread Economy

Mali, Iran hold talks on bilateral cooperation

25 august 2022 - 13:47:23
Bamako, Mali (PANA) - The Foreign Minister of Mali, Abdoulaye Diop, and his Iranian counterpart, Dr. Hossein Amir-Abdollahian, on Tuesday [...] Full text...

thread Politics

UNICEF secures supply of malaria vaccine for million more children

16 august 2022 - 16:51:20
Banjul, Gambia (PANA) - UNICEF has awarded a contract for the first ever supply of malaria vaccine to GSK valued [...] Full text...

thread Health

IMF points to risks in Equatorial Guinea’s recovery, food insecurity

30 july 2022 - 10:05:46
Washington, DC, US (PANA) - Equatorial Guinea’s economy is slowly emerging from the ravages of the coronavirus (COVID-19) pandemic and [...] Full text...

thread Economy

Botswana’s output recovers to pre-pandemic level

28 july 2022 - 06:16:02
Gaborone, Botswana (PANA) - A successful vaccination campaign, prudent management, and strong demand for diamonds have allowed Botswana to recover [...] Full text...

thread Economy

Cameroon’s economic outlook for 2022 remains positive despite ‘great uncertainties’ - IMF

26 july 2022 - 07:30:17
Yaoundé, Cameroon (PANA) – The Executive Board of the International Monetary Fund (IMF) has concluded the Second Reviews of the [...] Full text...

thread Economy

UN summit galvanises action for development agendas in Africa

21 july 2022 - 05:23:57
New York, US (PANA) - The development of Africa was spotlighted at a key UN meeting on Wednesday, with attention [...] Full text...

thread Politics