Stuck in the middle? Indebted nations plot path to growth amid global trade upheaval

30 april 2025 - 07:14:44
New York, US (PANA) - Faced with mounting debt and economic stagnation, middle-income countries have issued a call for financial [...] Full text...

thread Economy

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

Tanzania set to access US$441 million in IMF financing

18 april 2025 - 08:09:20
Dar es Salaam, Tanzania (PANA) - Tanzanian authorities and the International Monetary Fund (IMF) have reached staff-level agreement on the [...] 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 mission, Ghanaian authorities reach staff-level agreement on Fourth Review of Extended Credit Facility

15 april 2025 - 10:08:02
Accra, Ghana (PANA) - An International Monetary Fund (IMF) staff team, led by Mr. Stéphane Roudet, Mission Chief for Ghana, and [...] Full text...

thread Economy

EU Council reviews framework for control, accountability of international arms trade

14 april 2025 - 12:13:54
Brussels, Belgium (PANA) - The European Council on Monday concluded the review of the EU framework for arms export control, [...] Full text...

thread Society

US tariffs move could see three per cent fall in global trade, says top UN economist

11 april 2025 - 17:27:06
Geneva, Switzerland (PANA) - Global trade could shrink by three per cent as a result of the United States’ new [...] 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

IMF staff, Rwandan authorities agree on fifth review of Policy Coordination Instrument

05 april 2025 - 12:05:34
Kigali, Rwanda (PANA) – The International Monetary Fund (IMF) staff and the Rwandan authorities have reached staff-level agreement on policies [...] Full text...

thread Economy

Egypt to market less cotton this year to decreased harvest

03 april 2025 - 11:36:33
Cairo, Egypt (PANA) - Egypt’s cotton production in 2025/26 marketing year is estimated at 320,000 bales, down 25 percent from [...] Full text...

thread Agriculture

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

Trump imposes 30% trade tariff on South Africa

03 april 2025 - 07:32:24
Cape Town, South Africa (PANA) – The South African government on Thursday addressed President Donald Trump’s announcement that he is [...] Full text...

thread Economy

Rwanda’s economy registers robust growth in 2024 despite global challenges

02 april 2025 - 07:41:28
Kigali, Rwanda (PANA) - Rwanda's real GDP grew by 8.9% in 2024, surpassing the previous year's growth rate of 8.2%, [...] Full text...

thread Economy

Foot and mouth disease outbreaks have not hindered South Africa’s beef exports

18 march 2025 - 11:48:24
Johannesburg, South Africa (PANA) - The foot and mouth disease (FMD) outbreak that has impacted South Africa since 2021 continues [...] Full text...

thread Agriculture

'Small arms weigh heavily on sustainable development'

18 march 2025 - 05:56:56
New York, US (PANA) - Among the many threats hindering sustainable development, small arms and light weapons are often overlooked. [...] Full text...

thread Society

ECA deplores Africa's debt overhang

17 march 2025 - 16:11:12
Cotonou, Benin (PANA) - The Executive Secretary of the Economic Commission for Africa (ECA), Claver Gatete, deplored Africa's debt overhang, [...] Full text...

thread Economy

Transparency International says Covid 19 worsened corruption worldwide

15 march 2025 - 12:44:14
 Dar es Salaam, Tanzania (PANA) - Five years ago this week, the World Health Organization (WHO) declared COVID-19 a global [...] Full text...

thread Society

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

Production resumes at Libya's Mabrouk oilfield after a decade's interruption

13 march 2025 - 12:49:55
Tripoli, Libya (PANA) -  Production at the Mabrouk oil field, about 170 km south of Syrte in central Libya, has [...] Full text...

thread Economy

Drug traffickers running routes through war zones, top UN official warns

11 march 2025 - 08:07:36
Vienna, Austria (PANA) - A “new black market” for synthetics and drug trafficking through war zones are fuelling instability around the world, [...] Full text...

thread Society

Ghana's President stresses self-reliance on 68th independence anniversary

06 march 2025 - 12:48:46
Accra, Ghana (PANA) - Ghana on Thursday marked her 68th independence anniversary with the President of the West African country, [...] Full text...

thread Politics

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

South Africa: South African Minister welcomes lifting of Botswana product ban

04 march 2025 - 17:39:02
Cape Town, South Africa (PANA) – Agriculture Minister Ivan Meyer on Tuesday welcomed the lifting of the ban on vegetable [...] Full text...

thread Economy

Oceans of opportunity squeezed dry by unsustainable use

04 march 2025 - 07:43:37
Geneva, Switzerland (PANA) - The booming ocean economy sustains hundreds of millions of people, but it is being squeezed dry [...] Full text...

thread Environment

New report forecasts better prospects for South Africa’s dairy industry

01 march 2025 - 11:55:25
Pretoria, South Africa (PANA) - South Africa’s dairy industry is likely to grow in the future due to improving economic [...] Full text...

thread Agriculture

Kenya, Ethiopia take great leap in air transport of flowers

18 february 2025 - 14:57:21
Nairobi, Kenya (PANA) – Kenyan and Ethiopian airlines have had a significant impact on the growth of the global aviation [...] Full text...

thread Economy

Burkina Faso expects 6% economic growth in 2025

18 february 2025 - 11:13:39
Ouagadougou, Burkina Faso (PANA) - Burkina Faso's economic activity will remain dynamic, with growth projected at 6.0 per cent in [...] Full text...

thread Economy

Uganda gets new border market protected from extreme flooding near border with South Sudan

17 february 2025 - 18:10:22
Kampala, Uganda (PANA) - Uganda is set to build its first climate-resilient market at Elegu, northern Uganda, with financial support [...] Full text...

thread Environment

Improved quality control kick-starts Kenya’s avocado output in 2025

15 february 2025 - 13:16:50
Nairobi, Kenya (PANA) - Kenya’s avocado production is expected to rebound by four percent in 2025, reaching 585,000 metric tons, [...] Full text...

thread Agriculture

Livestock at the heart of the eighth African business forum

14 february 2025 - 16:57:27
Cotonou, Benin (PANA) - Livestock development will be the focus of the eighth Africa Business Forum, which opens on Monday [...] Full text...

thread Agriculture

IMF staff completes Staff-Monitored Programme discussion with Zimbabwe

14 february 2025 - 11:10:11
Harare, Zimbabwe (PANA) - Following the request for a Staff-Monitored Programme (SMP) by the Zimbabwe authorities in 2023, an International [...] Full text...

thread Economy

South Africa resumes apple exports to Thailand

13 february 2025 - 07:40:30
Cape Town, South Africa (PANA) – South Africa's Agriculture Minister John Steenhuisen has announced that the country has regained market [...] Full text...

thread Agriculture

Scaling innovative finance for growth in the Horn of Africa: World Bank Blog By Boutheina Guermazi, Ahmed Rostom and Michael Fuchs

11 february 2025 - 08:44:02
Addis Ababa, Ethiopia (PANA) - As we step into 2025, it’s a perfect time to reflect on the future of [...] Full text...

thread Economy

Africa has potential to become major driver of global trade, says UN

11 february 2025 - 07:07:29
Geneva, Switzerland (PANA) - Africa can turn its economic vulnerabilities into opportunities through trade, investment and regional integration, say the [...] Full text...

thread Economy

Malawi needs urgent action on macroeconomic reforms and transformative potential of mining: WB report

31 january 2025 - 08:28:24
Lilongwe, Malawi (PANA) - Malawi’s economic recovery remains fragile due to lagging implementation of macroeconomic reforms and a series of [...] Full text...

thread Economy

East African countries move to ease cross-border clearance of goods

29 january 2025 - 18:50:19
Arusha, Tanzania (PANA) -  The East African Community (EAC) has unveiled a Single Customs Territory (SCT), a centralized platform, designed [...] Full text...

thread Economy

IMF Executive Board completes sixth review under ECF for Niger

23 january 2025 - 06:51:10
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) has concluded the 2024 Article IV [...] Full text...

thread Economy

Global economy stabilises, but developing economies face tougher slog EMBARGOED: NOT FOR PUBLICATION, BROADCAST, OR TRANSMISSION UNTIL THURSDAY, JANUARY 16, 2025, AT 1:00 PM ET, WHICH IS 6:00 PM UTC.

16 january 2025 - 18:42:16
Washington DC, US (PANA) - Developing economies -which fuel 60 per cent of global growth - are projected to finish [...] Full text...

thread Economy

Global growth to remain subdued in 2025 amid uncertainty, UN report warns

10 january 2025 - 06:57:55
New York, US (PANA) - Global economic growth is projected to remain at 2.8 per cent in 2025, unchanged from [...] Full text...

thread Economy

2024 - year of remarkable achievements, resilience, and progress for Tanzania

01 january 2025 - 12:18:42
Dar es Salaam, Tanzania (PANA) – The just closed year 2024 saw Tanzania’s economic stability and investment potential widely recognised, [...] 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

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 identifies Benin’s key challenge in economic transformation efforts

18 december 2024 - 11:04:42
Cotonou, Benin (PANA) - A key challenge ahead for Benin is to further strengthen inclusive policies for an economic transformation [...] Full text...

thread Economy

South African President Ramaphosa hosts German President Steinmeier

16 december 2024 - 06:20:21
Cape Town, South Africa (PANA) – South African President Cyril Ramaphosa this weekend hosted German President Frank-Walter Steinmeier in Pretoria.The [...] Full text...

thread Politics

IMF concludes fourth review of Tanzania’s ECF arrangement, allows disbursement of $204.5 million

14 december 2024 - 09:59:34
Dar es Salaam, Tanzania (PANA) – The International Monetary Fund (IMF) has approved immediate disbursement of $204,5 million in two [...] Full text...

thread Economy

Paper and wood see 12 per cent fall in demand because of digital media

11 december 2024 - 04:50:42
Rome, Italy (PANA) - Global trade in wood and paper products has dropped steeply due to the rise of digital [...] Full text...

thread Agriculture

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

Putin ramps up production of Russia's 8,370mph hypersonic missiles Story by Abul Taher

24 november 2024 - 07:41:31
Moscow, Russia (PANA) - Vladimir Putin has ramped up production of a new hypersonic missile he fired against Ukraine last [...] Full text...

thread Politics

Sudan continues exporting gold despite the war, minister says

22 november 2024 - 14:27:17
Port Sudan, Sudan (PANA) - Sudan has announced exporting 26 tons of gold during the past ten months, in the middle of [...] Full text...

thread Economy

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 concludes review of Morocco’s RSF arrangement, allows disbursement of US$415 million

13 november 2024 - 07:54:46
Washington, DC, United States (PANA) - The Executive Board of the International Monetary Fund (IMF) has completed the second review [...] 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 staff, Niger authorities concur on sixth review of economic programme under ECF

12 november 2024 - 11:05:01
Niamey, Niger (PANA) - Niger’s economic outlook is favourable over the near term, with growth projected at 8.8 percent this [...] Full text...

thread Economy

Uncovering trade data gaps: Lessons from Madagascar and France: World Bank Blog By Siddhesh Kaushik and Sonja Mitikj

11 november 2024 - 07:21:13
Antananarivo, Madagascar (PANA) - Bilateral reporting asymmetries in international trade data have long influenced critical statistical measures, such as trade [...] 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

South African Airways launches new direct flight to DRC's Lubumbashi

05 november 2024 - 10:43:58
Cape Town, South Africa (PANA) – The inaugural South African Airways’ (SAA) direct flight between Johannesburg and Lubumbashi in the DRC, [...] Full text...

thread Economy

IMF staff conclude Article IV discussions with Somalia

01 november 2024 - 07:12:01
Washington, DC, US (PANA) - A staff team from the International Monetary Fund (IMF), led by Ms. Laura Jaramillo, has [...] Full text...

thread Economy

Rwanda’s economic growth among strongest in Sub-Saharan Africa: IMF

23 october 2024 - 08:51:42
Kigali, Rwanda (PANA) – International Monetary Fund (IMF) staff and the Rwandan authorities have reached staff-level agreement on policies needed [...] Full text...

thread Economy

IMF, reach staff level deal on review of ECF and RSF before approval of more financial support

18 october 2024 - 07:53:28
Dar es Salaam, Tanzania (PANA) - Tanzanian authorities and the International Monetary Fund (IMF) have reached staff-level agreement on the [...] Full text...

thread Economy

World Bank economic update proposes policy options to promote Gabon’s forest conservation

14 october 2024 - 15:03:26
Libreville, Gabon (PANA) - Gabon experienced lower growth in 2023 (2.4%) amid transport disruptions that impacted wood and manganese production, [...] Full text...

thread Economy

When foreign exchange intervention can best help countries navigate shocks: IMF Blog By Suman Basu, Sonali Das, Olamide Harrison, and Erlend Nier

12 october 2024 - 14:23:40
Washington DC, United States (PANA) – With major central banks now cutting policy rates, the global interest rate cycle is [...] Full text...

thread Economy

Sudan refugee numbers swell as war continues to drive displacement

12 october 2024 - 11:22:22
Juba, South Sudan (PANA) - The number of Sudanese refugees in South Sudan has surpassed half a million, the UN [...] Full text...

thread Society

IMF expects Côte d’Ivoire to boost recovery of regional official reserves

11 october 2024 - 11:38:27
Abidjan, Cote d’Ivoire (PANA) – International Monetary Fund (IMF) staff and the Cote d’Ivoire authorities have reached a staff-level agreement [...] Full text...

thread Economy

IMF reaches Staff-Level Agreement with Ghana on Third Review of the Extended Credit Facility

04 october 2024 - 13:00:46
Accra, Ghana (PANA) - IMF staff and the Ghanaian authorities have reached staff-level agreement on economic policies and reforms to [...] Full text...

thread Economy

Expensive farm inputs, insecurity in producing regions, high transport costs impact grain yields in Nigeria

04 october 2024 - 08:26:34
Lagos, Nigeria (PANA) - Imports of wheat, rice, and maize marketing in year 2024/25 are estimated to increase as the [...] Full text...

thread Agriculture

US, Gabon commit to enhance cooperation

04 october 2024 - 07:11:09
Washington, DC, US (PANA) - The United States of America and Gabon have expressed their commitment to enhance cooperation as they [...] Full text...

thread Politics

South Sudan faces macroeconomic challenges resulting from endless war in neighbouring Sudan: IMF team

02 october 2024 - 18:12:48
Juba, South Sudan (PANA) – South Sudan continues to face several difficult macroeconomic challenges, partly resulting from the spillovers of [...] Full text...

thread Economy

IMF, Seychellois authorities reach Staff-Level Agreement on Third Reviews

01 october 2024 - 14:24:08
Washington, DC, US (PANA) - An International Monetary Fund (IMF) mission, led by Mr. Todd Schneider, conducted discussions with the [...] Full text...

thread Economy

Subdued outlook constrains Eswatini’s ability to respond to social needs: IMF

01 october 2024 - 07:53:37
Mbabane, Eswatini (PANA) – On the back of a post-pandemic rebound and favourable export prices, real GDP growth in Eswatini [...] Full text...

thread Economy

Niger anticipates economic recovery on from oil revenues

01 october 2024 - 05:55:54
Niamey, Niger (PANA) - Niger's economy is set to rebound after a year marked by an unprecedented political crisis. However, [...] Full text...

thread Economy

Guinea Economic Update: Natural resource management for development

20 september 2024 - 07:35:17
Conakry, Guinea (PANA) – Agriculture is pivotal for Guinea's structural transformation and climate resilience, serving as a cornerstone for inclusive [...] Full text...

thread Economy

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

Trade balances in China and the US are largely driven by domestic macro forces: IMF Blog By Pierre-Olivier Gourinchas, Ceyla Pazarbasioglu, Krishna Srinivasan, and Rodrigo Valdés

13 september 2024 - 12:55:31
Washington, DC, United States - China’s widening trade surplus and the growing US trade deficit since the pandemic have renewed [...] Full text...

thread Economy

Benin prepares 2025 budget in compliance with WAEMU fiscal norm

12 september 2024 - 12:42:03
Cotonou, Benin (PANA) - Benin’s authorities have started crafting the 2025 budget, targeting compliance with the West African Monetary Union [...] Full text...

thread Economy

IMF underlines wise spending of public revenue in Lesotho

12 september 2024 - 12:01:39
Maseru, Lesotho (PANA) - Lesotho’s GDP growth has improved modestly, picking up to 2.2 percent in the fiscal year ending [...] Full text...

thread Economy

IMF Executive Board finds Botswana’s financial sector sound, stable, and resilient

11 september 2024 - 10:34:26
Gaborone, Botswana (PANA) – Due to a diamond market contraction,   Botswana’s economic growth is expected to slow to 1 percent [...] Full text...

thread Economy

IMF praises Uganda’s economic recovery efforts with low inflation

10 september 2024 - 08:18:23
Kampala, Uganda (PANA) - Uganda has navigated the post pandemic recovery well due to sound macroeconomic policies and its economic [...] Full text...

thread Economy

Palestinian UN proposal demands Israel leave Gaza and the West Bank in 6 months

09 september 2024 - 19:58:43
New Yor, US (PANA) - A draft Palestinians resolution submitted to the UN Monday is demanding that Israel end its [...] Full text...

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Product market reforms, improved business environment essential vital for South Africa’s trade: IMF

05 september 2024 - 12:36:43
Pretoria, South Africa (PANA) - While South Africa needs product-market reforms and improving business environment by removing obstacles to trade, [...] Full text...

thread Economy

UN Mission announces 'understandings' on resolution of Libya Central Bank crisis

03 september 2024 - 10:52:11
Tripoli, Libya (PANA) - The United Nations Support Mission in Libya (UNSMIL) has announced that "important understandings" on ways to [...] Full text...

thread Economy

South Africa exports thoroughbred horses to the EU

26 august 2024 - 11:19:07
Cape Town, South Africa (PANA) – The Western Cape’s Minister of Agriculture has welcomed the news that the export of [...] Full text...

thread Society

US Department of Agriculture announces trade mission to Morocco

15 august 2024 - 07:33:49
Washington, DC, United States (PANA) - U.S. Department of Agriculture Under Secretary for Trade and Foreign Agricultural Affairs Alexis M. [...] Full text...

thread Agriculture

Security Council: Political affairs chief underlines ‘desperate need’ for Gaza ceasefire

14 august 2024 - 05:25:03
New York, US (PANA) - As civilian suffering intensifies in war-ravaged Gaza, senior UN officials on Tuesday called once more [...] Full text...

thread Society

Strong regional demand to drive South Africa’s maize exports to neighbours

26 july 2024 - 11:18:26
Pretoria, South Africa (PANA)   South Africa’s maize area is forecast to expand in marketing year 2024/25 after an 18 percent [...] Full text...

thread Agriculture

Eswatini’s growth stuck in 4.5 to 5.0 percent range in 2024: IMF

25 july 2024 - 11:09:11
Mbabane; Eswatini (PANA) – Eswatini’s economic growth is poised to remain in the 4.5 to 5.0 percent range in 2024 [...] Full text...

thread Economy

Malawi Economic Monitor calls for urgent, sustained reforms for faster, more inclusive growth

25 july 2024 - 07:40:09
Lilongwe, Malawi (PANA) - Malawi’s current economic difficulties require a combination of immediate response measures and urgent reforms to address [...] Full text...

thread Economy

South Africa attends high-level trade forum in the US

24 july 2024 - 11:21:41
Cape Town, South Africa (PANA) – A high-level South African delegation is attending the 21st African Growth and Opportunity Act [...] Full text...

thread Economy

South Africa: South African rail authority secures US$1 billion loan

18 july 2024 - 17:48:42
Cape Town, South Africa (PANA) – The African Development Bank (AfDB) on Thursday confirmed that it had approved a US$1 billion [...] Full text...

thread Economy

Preventing deforestation while leveraging trade for development: World Bank Blog By Chris Wellisz

18 july 2024 - 08:13:19
Dar es Salaam, Tanzania (PANA) - Developing countries must contend with a plethora of trade-related regulations as well as voluntary [...] Full text...

thread Agriculture

Diamond market contraction slows down Botswana’s growth

13 july 2024 - 11:17:19
Gaborone, Botswana (PANA) - Botswana’s economic growth is expected to slow to 1 percent in 2024, primarily because of a [...] Full text...

thread Economy

IMF Executive Board concludes 2024 Article IV consultation with Libya

12 july 2024 - 12:03:00
Tripoli, Libya (PANA) - Libya remains a fragile state trapped in political uncertainty, but the episodes of active conflict have [...] Full text...

thread Economy

Red Sea shipping crisis elevates trading costs with extra burden on consumers

12 july 2024 - 07:20:25
Dar es Salaam, Tanzania (PANA) - Due to recently increased attacks by Houthi militants, the Red Sea shipping route remains [...] Full text...

thread Economy

Libya launches workshop on fuel distribution system and preventing fuel smuggling

10 july 2024 - 20:00:38
Tripoli, Libya (PANA) - The Libyan Prime Minister of the Government of National Unity, Abdulhamid Al Dbaiba, the President of [...] Full text...

thread Economy

Seeking new pathways to green growth in Malawi: World Bank By Qursum Qasim and Efrem Chilima

10 july 2024 - 11:36:35
Lilongwe, Malawi (PANA) - With the recent declaration of a drought in 23 of its 28 districts, Malawi once again [...] 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

Tanzania mine gears up for first graphite concentrate exports

02 july 2024 - 17:04:48
Lindi, Southern Tanzania (PANA) – Tanzania’s  first-ever shipment of graphite concentrate from the Lindi Jumbo graphite mine, in the southeast [...] 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

Favourable prices offered by local processors divert South Africa’s orange growers from export market

27 june 2024 - 12:36:23
Pretoria, South Africa (PANA) - Record orange juice prices in South Africa are expected to escalate orange juice production as [...] Full text...

thread Agriculture

Climate-smart focus in livestock sector can help Tanzania increase production, generate jobs

26 june 2024 - 10:22:23
Dar es Salaam, Tanzania (PANA) - Tanzania can significantly boost its livestock sector's economic contribution with a bold and comprehensive [...] Full text...

thread Agriculture

Ford South Africa celebrates assembly of one million Rangers

26 june 2024 - 10:17:20
Pretoria, South Africa (PANA) - Ford South Africa has celebrated the assembly of the one-millionth Ranger at its Silverton plant [...] Full text...

thread Economy

Libya's Minister of Economy and Trade orders fixing of prices for certain staple foods

24 june 2024 - 16:48:15
Tripoli, Libya (PANA) - The Libyan Minister of Economy and Trade in the government of national unity, Mohamed Al-Haweij, has [...] Full text...

thread Economy

EC appoints new Commander for EU military operation in the Mediterranean

20 june 2024 - 17:53:14
Brussels, Belgium (PANA) – The European Council on Thursday announced the appointment of Rear Admiral Valentino Rinaldi as EU Operation [...] Full text...

thread Society

Somalia expects 3.1 percent GDP growth, rebounding from drought and commodity price shocks

20 june 2024 - 17:41:57
Mogadishu, Somalia (PANA) - Somalia’s economy is expected to grow at 3.1 per cent in 2023 up from 2.4 per [...] Full text...

thread Economy

Tanzania’s coffee farms rehabilitation raises output

19 june 2024 - 12:07:16
Dar es Salaam, Tanzania (PANA) - Tanzania’s coffee production in the marketing year 2024/25 is forecast at 1.5 million bags [...] Full text...

thread Agriculture

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

Pressure against French colonial rule ahead of UN climate talks

14 june 2024 - 18:49:06
Nairobi, Kenya (PANA) – Azerbaijan, the host nation for the next round of the UN global climate change talks, has [...] Full text...

thread Politics

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

IMF team, Kenya reach staff-level deal on reviews of EFF, ECF arrangements

12 june 2024 - 10:21:16
Nairobi, Kenya (PANA) - Kenya’s economic growth recovered in 2023 with real GDP growing by 5.6 percent, supported by a [...] Full text...

thread Economy

IMF urges South Sudan to uphold prudent macroeconomic policies

11 june 2024 - 11:55:15
Juba, South Sudan (PANA) – The International Monetary Fund (IMF) is urging the authorities of South Sudan to return to [...] Full text...

thread Economy

Kenya’s economy exhibited robust growth in 2023 despite persistent challenges

05 june 2024 - 07:41:58
Nairobi, Kenya (PANA) - Kenya’s real GDP growth accelerated to 5.6% in 2023, surpassing the previous year’s growth of 4.9%. However, [...] Full text...

thread Economy

IMF, Niger reach staff-level deal on reviews of ECF and RSF

01 june 2024 - 18:05:10
Niamey, Niger (PANA) - With the economic outlook promising over the near and medium term, the International Monetary Fund (IMF) [...] 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

EC takes final step to allow implementation of EU-Kenya Economic Partnership Agreement

30 may 2024 - 09:30:30
Brussels, Belgium (PANA) – The European Council on Thursday adopted a decision on the conclusion of the EU-Kenya Economic Partnership [...] Full text...

thread Economy

Day 2 at AfDB Meetings in Nairobi

28 may 2024 - 11:42:24
Nairobi, Kenya (PANA) - The BRICS Alliance, together with the new member additions, are providing immense trade and investment opportunities [...] 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

Ongoing war in Sudan stalls progress in disputed Abyei region

08 may 2024 - 06:39:06
New York, US (PANA) - The ongoing conflict between rival militaries in Sudan has stalled progress towards the determination of [...] Full text...

thread Society

Senegal maintains resilience despite economic challenges: IMF

04 may 2024 - 09:25:20
Dakar, Senegal (PANA) - A team from the International Monetary Fund (IMF) has concluded a mission to Senegal affirming that [...] Full text...

thread Economy

IMF team reaches staff-level deal with Mali on rapid credit

01 may 2024 - 09:26:17
Bamako, Mali (PANA) – International Monetary Fund (IMF) staff and the Malian authorities have reached a staff-level agreement on emergency [...] Full text...

thread Economy

Libya's Minister for Economy reaffirms importance of investment, trade with Malta

25 april 2024 - 13:39:01
Tripoli, Libya (PANA) - The Libyan Minister of Economy and Trade, Mohamed al-Haweij, has stressed the importance of investment, trade [...] Full text...

thread Economy

Libyan-US officials discuss investment opportunities in Libya's oil and gas sector

20 april 2024 - 16:51:10
Tripoli, Libya (PANA) - Libya's Acting Minister of Oil in the Government of National Unity and Deputy Minister of Economy [...] Full text...

thread Economy

Eswatini looks forward to increased sugar exports from improved cane production

18 april 2024 - 13:07:24
Mbabane, Eswatini (PANA) – Eswatini’s sugar production in marketing year (MY) 2024/25 is forecast to rise on improved cane deliveries [...] Full text...

thread Agriculture

Tourism ‘intrinsically susceptible’ to climate shocks, political unrest, pandemic threat

17 april 2024 - 05:42:47
New York, US (PANA) - The President of the UN General Assembly on Tuesday highlighted the urgent need to boost [...] Full text...

thread Economy

Global economy remains resilient despite uneven growth, challenges ahead: New IMF Blog By Pierre-Olivier Gourinchas

16 april 2024 - 19:43:48
Washington DC, USA (PANA) - Despite gloomy predictions, the global economy remains remarkably resilient, with steady growth and inflation slowing [...] Full text...

thread Economy

Egypt seeks to raise earnings of millions working in cotton production, textile manufacturing

12 april 2024 - 11:36:04
Cairo, Egypt (PANA) – Egypt’s cotton production in marketing year (MY) 2024/25 is forecast at 310,000 bales, down 40,000 bales [...] Full text...

thread Agriculture

IMF reaches staff level agreement with Côte d’Ivoire on review of EFF/ECF arrangements

09 april 2024 - 08:02:47
Abidjan, Côte d’Ivoire (PANA) - An International Monetary Fund (IMF) staff team and the authorities in Côte d’Ivoire have reached [...] Full text...

thread Economy

South Africa: South Africa secures Middle East livestock deal

06 april 2024 - 15:18:45
Cape Town, South Africa (PANA) - An increase in global demand for red meat is positioning Eastern Cape farmers at [...] Full text...

thread Economy

Algerian economy struggles with persistent inflation - IMF

30 march 2024 - 09:31:53
Algiers, Algeria (PANA) - Algeria’s economy is estimated to have grown by 4.2 per cent in 2023, a robust performance [...] 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

DRC completes key inland port to enhance Eastern Africa region trade

27 march 2024 - 14:33:43
Kinshasa, DRC (PANA) - The dredging of Port of Kalundu, along the shores of Lake Tanganyika, in the Democratic Republic [...] Full text...

thread Economy

Global trade poised for rebound during the rest of 2024 - UNCTAD

22 march 2024 - 05:21:04
Geneva, Switzerland (PANA) - After several quarters of decline, international trade is poised for a rebound during the rest of [...] Full text...

thread Economy

South African power nozzle manufacturer readies for intra-Africa export

18 march 2024 - 09:42:42
Dar es Salaam, Tanzania (PANA) – South Africa’s Krugersdorp-based Afri-Tech Mining Supplies is destined for export of its award-winning Power [...] Full text...

thread Economy

Meeting focuses on preparations for Libyan-Maltese Trade and Export Forum

15 march 2024 - 10:48:56
Tripoli, Libya (PANA) - Libya's Minister of Economy and Trade in the Government of National Unity, Mohamed al-Haweij, has discussed [...] Full text...

thread Economy

IMF staff complete deal on first review of Somalia’s ECF arrangement

09 march 2024 - 08:00:52
Mogadishu, Somalia (PANA) - Somalia’s economic growth is expected to strengthen in 2024 supported by continued recovery in agriculture, remittances, [...] Full text...

thread Economy

African finance ministers call for global financial systems reform to favour development

07 march 2024 - 14:45:10
Victoria Falls, Zimbabwe (PANA) - African countries should with one voice, advocate for the reform of the global financial architecture [...] Full text...

thread Economy

US arrests over illegal arms smuggling to South Sudan

06 march 2024 - 11:34:36
New York, US (PANA) - Two people have been arrested for attempting to purchase and export arms to South Sudan, [...] Full text...

thread Society

Accelerated by COVID and AI, global digital landscape remains uneven

06 march 2024 - 07:29:31
Washington, United States (PANA) - The COVID-19 pandemic brought about unprecedented acceleration of digital transformation across the globe – with [...] Full text...

thread Economy

How can we reinvigorate international trade? World Bank Blog By Pablo Saavedra and Mona Haddad

25 february 2024 - 17:05:58
Abu Dhabi, United Arab Emirates, (PANA) - After decades of accelerating globalisation, since 2008 international trade has grown at roughly [...] Full text...

thread Economy

Israel-Palestine crisis: UN rights chief deplores ‘entrenched impunity’ by all parties in Israel, OPT

24 february 2024 - 10:27:47
Geneva, Switzerland (PANA) - The UN’s top human rights official on Friday made a strong call for accountability for serious [...] Full text...

thread

Investment set to boost Morocco’s output growth: IMF

22 february 2024 - 10:57:32
Rabat, Morocco (PANA) – Morocco’s output growth is projected to reach 3.5 percent over the medium term boosted by investment [...] Full text...

thread Economy

Burkina Faso suspends artisanal gold exports

21 february 2024 - 14:21:20
Ouagadougou, Burkina Faso (PANA) - The Burkina Faso authorities Wednesday announced the suspension of exports of gold produced on artisanal [...] Full text...

thread Economy

Africa's economic growth in 2023 led by East, North and West Africa: Report

20 february 2024 - 13:07:25
Cotonou, Benin (PANA) - East, North and West Africa have led growth on the continent over the past year, according [...] 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

Israel-Gaza Crisis: Tourism surges in Egypt despite economic hardships

15 february 2024 - 11:45:36
Cairo, Egypt (PANA) - Despite economic hardships and the Israel-Hamas conflict, Egypt hosted 14.9 million tourists in 2023, exceeding its [...] Full text...

thread Economy

Malawi's plan to create a stable, sustainable economy

10 february 2024 - 08:06:02
Lilongwe, Malawi (PANA) - Adherence to the authorities' macroeconomic adjustment and reform programme will help Malawi overcome current and future [...] Full text...

thread Economy

Malawi's plan to create a stable, sustainable economy

03 february 2024 - 10:47:45
Lilongwe, Malawi (PANA) - Adherence to the authorities' macroeconomic adjustment and reform program would help Malawi overcome current and future [...] Full text...

thread Economy

Mali could boost its economy after withdrawing from ECOWAS

01 february 2024 - 15:46:12
Bamako, Mali (PANA) - Mali could give its economy a further boost following its joint decision with Burkina Faso and [...] 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

Rainfall gives South African maize growers hope of bumper crop

29 january 2024 - 07:12:59
Pretoria, South Africa (PANA) – Maize production in South Africa is off to a reasonable start in marketing year 2023/24 [...] Full text...

thread Agriculture

Burundi set for stronger economic recovery in 2024: IMF mission

23 january 2024 - 10:20:12
Bujumbura, Burundi (PANA) – A stronger economic recovery is projected in Burundi for 2024, with real GDP expanding by 4.3 [...] Full text...

thread Economy

US top diplomat reiterates commitment to deepening, strengthening partnerships across Africa

22 january 2024 - 16:55:38
Praia, Cabo Verde (PANA) - US Secretary of State Antony Blinken has reiterated his country's commitment to deepening, strengthening, and [...] Full text...

thread Politics

China to half tariffs on South African tea imports

17 january 2024 - 08:37:49
Cape Town, South Africa (PANA) – In a major economic boost, the Chinese government has agreed to more than halve [...] 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

Tanzania needs urgent reforms to enable strong private sector-led inclusive growth: World Bank report

19 december 2023 - 14:44:54
Dar es Salaam, Tanzania (PANA) - Over the past two decades, Tanzania has exhibited robust economic growth, surpassing many developing [...] Full text...

thread Economy

Senior Austrian delegation holds talks in Pretoria

14 december 2023 - 08:32:51
Cape Town, South Africa (PANA) – The Austrian Federal Minister for European and International Affairs, Alexander Schallenberg, is visiting senior [...] Full text...

thread Politics

Middle East conflict risks reshaping the region’s economies: IMF Blog By John Bluedorn and Taline Koranchelian

01 december 2023 - 19:39:15
Cairo, Egypt (PANA) - The conflict in Gaza and Israel is causing immense human suffering. In addition to the direct [...] Full text...

thread Economy

Somalia’s economy resilient amid climatic and global shocks: WB report

30 november 2023 - 14:12:22
Mogadishu, Somalia (PANA) - Recurrent shocks, including a prolonged 2020/23 drought, disrupted Somalia's growth, devastating crops, livestock, and exports. Many fled [...] Full text...

thread Economy

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

Libya's Erawon oil field exports 600,000 barrels in first shipment

18 november 2023 - 12:30:21
Tripoli, Libya (PANA) - Libya's southwest Erawon oil field has exported its first 600,000 barrels via the port of Zaouia, [...] Full text...

thread Economy

IMF and Libya end preliminary meetings

17 november 2023 - 12:34:12
Tripoli, Libya (PANA) - The preliminary meetings of the Article 4 consultations between Libya and the International Monetary Fund (IMF), [...] Full text...

thread Economy

UN Security Council extends authorisation of African Union Transition Mission in Somalia

16 november 2023 - 10:20:49
New York, US (PANA) - The UN Security Council on Wednesday extended its authorisation of the African Union Transition Mission [...] Full text...

thread Politics

South Africa's President Ramaphosa to visit Qatar

14 november 2023 - 07:37:20
Cape Town, South Africa (PANA) – South Africa's President Cyril Ramaphosa will on Wednesday undertake a two-day State visit to [...] Full text...

thread Politics

China’s slowing economy will hit Sub-Saharan Africa’s growth: IMF

11 november 2023 - 08:11:15
Washington DC, United States (PANA) - China has forged deep economic ties with countries in sub-Saharan Africa over the past [...] Full text...

thread Economy

Tunisia's economic recovery slows down amid drought

06 november 2023 - 17:31:32
Tunis, Tunisia (PANA) - Tunisia’s economic recovery slowed in the first half of 2023 as the country continued to grapple [...] 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

Private investment, commercial openness to unlock Togo’s growth potential

25 october 2023 - 10:43:24
Lomé, Togo (PANA) - Trade openness and increased private investment mobilisation will be key to unlocking Togo’s growth potential, according [...] Full text...

thread Economy

Security Council extends sanctions against Libya until 15 February 2025

20 october 2023 - 16:13:09
Tripoli, Libya (PANA) - The UN Security Council on Thursday voted unanimously to extend until 1 February 2025 the sanctions [...] Full text...

thread Politics

Current El Niño likely to affect food security in several African countries

17 october 2023 - 07:30:02
Dar es Salaam, Tanzania (PANA) –  Heads of international organisations have urged countries to balance short-term urgent interventions with longer-term [...] Full text...

thread Agriculture

2023 World Bank Annual Meetings: A new vision for challenging times

17 october 2023 - 07:06:03
Washington DC, United States (PANA) - The World Bank’s new vision and playbook for development were unveiled at last week’s [...] Full text...

thread Economy

World Bank chief explains global fight against poverty

13 october 2023 - 10:57:19
Marrakech, Morocco (PANA - The world is fraught with profound forces and rapid changes as nations face declining progress in [...] Full text...

thread Society

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

Algeria and Tunisia sign 26 cooperation agreements

05 october 2023 - 18:57:23
Tunis, Tunisia (PANA) - Tunisia and Algeria Wednesda signed 26 agreements, memorandums of understanding and protocols in Algiers, the fruit [...] Full text...

thread Politics

Bank of Tanzania starts gold purchase to bolster foreign reserves

28 september 2023 - 12:21:27
Dar es Salaam, Tanzania (PANA) - The Bank of Tanzania has announced the commencement of its Domestic Gold Purchasing programme, [...] Full text...

thread Economy

South African union hails confirmation of US trade summit

22 september 2023 - 10:48:36
Cape Town, South Africa (PANA) – The Congress of South African Trade Unions (COSATU) on Friday welcomed the announcement that [...] 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

Coasts, sea life facing major threat due to massive sand removal

06 september 2023 - 11:52:35
Geneva, Switzerland (PANA) - Startling findings from a new UN data platform reveal that the marine dredging industry is extracting [...] Full text...

thread Environment

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

Guinea-Bissau secures US$3.15 million under IMF’s credit facility

31 august 2023 - 07:52:01
Bissau, Guinea-Bissau (PANA) - The Executive Board of the International Monetary Fund (IMF) on Thursday completed the second review under [...] Full text...

thread Economy

Protectionism fails to achieve its goals, threatens future of critical industries (World Bank feature)

29 august 2023 - 15:21:58
Washington DC, US (PANA) - Since 1990, global trade has increased incomes by 24 per cent worldwide, and by 50 [...] Full text...

thread Economy

Mauritius records trade deficit in June 2023

22 august 2023 - 08:36:20
Port-Louis, Mauritius (PANA) - Statistics Mauritius, the official statistial body, said on Monday the island recorded a trade deficit of [...] Full text...

thread Economy

South Africa marks record level of rapeseed production this year

15 august 2023 - 11:11:13
Pretoria, South Africa (PANA) - South Africa is on track for record high rapeseed (locally called canola) crop production in [...] Full text...

thread Agriculture

Black Sea deal collapse sparks rise in global food prices: FAO

04 august 2023 - 18:11:08
Rome, Italy (PANA) - Global food prices rose for the first time in months following the collapse of the landmark agreement to [...] Full text...

thread Agriculture

Emerging market economies bear the brunt of stronger dollar: IMF Blog

20 july 2023 - 06:27:12
Washington DC, US (PANA) - The US dollar’s strengthening last year to a 20-year high had major implications for the [...] Full text...

thread Economy

World Bank responds to rising global food insecurity

18 july 2023 - 07:19:05
Washington, DC, US (PANA) - Domestic food price inflation remains high around the world, says the latest update of the [...] Full text...

thread Society

AU mid-year Summit dedicated to trade revitalisation in Africa

14 july 2023 - 16:14:25
Nairobi, Kenya (PANA) - African leaders due to meet in Nairobi on Sunday, will focus on revitalising continental trade, which [...] Full text...

thread Economy

Ambitious reform agenda will keep Senegal’s growth momentum: IMF official

13 july 2023 - 06:57:24
Dakar, Senegal (PANA) - After slowing to 4.7 percent in 2022, growth in Senegal is projected to rebound to over [...] Full text...

thread Economy

Remembering Marc-Vivien Foé: Celebrating the life, legacy of Cameroon star

28 june 2023 - 07:16:59
Cairo, Egyypt (PANA) - Monday marked the solemn occasion of the 20th anniversary of the tragic death of Cameroonian football [...] Full text...

thread Sports

Around 60 million in urgent humanitarian need in Horn of Africa

27 june 2023 - 06:05:21
Addis Ababa, Ethiopia (PANA) - Climate, armed conflict, high food prices and post-COVID-19 economic fall-out have caused record food insecurity [...] Full text...

thread Society

IMF Board concludes 2023 Article IV consultation with Cape Verde

24 june 2023 - 10:01:38
Washington, DC, US (PANA) – Confirming Cape Verde’s strong performance under the Extended Credit Facility (ECF) programme, the International Monetary [...] Full text...

thread Economy

IMF to disburse US$ 32.7 million to Madagascar

23 june 2023 - 08:36:06
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) has completed the fourth review of [...] Full text...

thread Economy

IMF expresses concern about Uganda’s anti-LGBT law and development partners

22 june 2023 - 14:55:00
Kampala, Uganda (PANA) - The Ugandan economy is projected to grow by 6 per cent in year 2023/24 while the [...] Full text...

thread Economy

Fiscal consolidation is Senegal’s priority in view of tighter financial conditions: WB report

21 june 2023 - 17:25:31
Dakar, Senegal (PANA) -  Senegal's economic growth slowed in 2022 against a backdrop of rising world commodity prices, the World [...] Full text...

thread Economy

Sudan conflict: Crisis threatens to hobble South Sudan’s transition, UN mission chief says

21 june 2023 - 06:14:12
New York, US (PANA) - The cross-border impact of the crisis in Sudan is unfurling along multiple fronts, and action [...] Full text...

thread Society