Egypt, EC and European Parliament agree on macro-financial assistance

20 may 2025 - 09:12:46
Brussels, Belgium (PANA) – The European Council has reached a provisional agreement with the European Parliament about a decision to [...] Full text...

thread Economy

Enhancing financial stability for resilience during uncertain times: IMF Blog By Tobias Adrian

23 april 2025 - 11:01:38
Washington, DC, United States (PANA) - Capital markets are essential for driving economic activity, providing mechanisms for raising funds and [...] 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

EU approves third payment of close to €3.5 billion to Ukraine

17 march 2025 - 12:17:26
Brussels, Belgium (PANA) - Ukraine will soon receive approximately €3.5 billion after the European Council approved a third payment of [...] Full text...

thread Society

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

Bridging the productivity divide needed to unlock Madagascar's economic potential needs

26 february 2025 - 09:05:23
Antananarivo, Madagascar (PANA} - Madagascar's economy is recovering, but growth remains insufficient and uneven to significantly improve living standards.According to [...] Full text...

thread Economy

Ghana can pave the way for sustainable growth by focusing on long-term reforms: WBG report

13 february 2025 - 05:11:11
Accra, Ghana (PANA) - The World Bank Group’s latest Public Finance Review report, titled “Building the Foundations for a Resilient [...] Full text...

thread Economy

IMF completes first review of Liberia’s ECF programme underlining governance reforms

06 february 2025 - 08:48:24
Monrovia, Liberia (PANA) – Liberia is now in position to draw US$46 million from the International Monetary Fund (IMF) for [...] Full text...

thread Economy

'Improved resilience to weather shocks can boost Zimbabwe’s recovery'

31 january 2025 - 08:38:20
Harare, Zimbabwe (PANA) - Zimbabwe’s economic outlook is positive, with recovery from the 2019/20 COVID-19 recession and the 2024 El [...] 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

With IMF support Cape Verde aims to build climate resilience, grow strongly

25 january 2025 - 08:52:41
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) has completed the fifth review of [...] Full text...

thread Economy

IMF Executive Board completes Fifth Review Under ECF arrangement for Cabo Verde

20 january 2025 - 05:57:08
Washington, DC, US (PANA) - The Executive Board of the IMF has completed the fifth review of Cabo Verde’s performance [...] Full text...

thread Economy

Namibia: New WBG strategy to boost job creation, access to quality services

09 january 2025 - 09:55:29
Windhoek, Namibia (PANA) – The World Bank's Board of Executive Directors discussed a new Country Partnership Framework (CPF) for Namibia, [...] Full text...

thread Society

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

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

Gold Outlook 2025 navigates a fine line influenced by rates, risk and growth

13 december 2024 - 12:41:19
London, UK (PANA) - Gold is poised for its best annual performance in more than a decade – up 28% [...] Full text...

thread Economy

IMF mission concludes visit to Egypt on review of Extended Fund Facility

21 november 2024 - 08:47:30
Cairo, Egypt (PANA) – Egyptian authorities and the International Monetary Fund (IMF) staff have made “substantial progress” on policy discussions [...] 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

Investing in health: Time for a rethink: World Bank Blog By Christoph Kurowski, Martin Schmidt and David B. Evans

09 november 2024 - 09:56:14
Washington DC, United States (PANA) – Countries are entering a critical phase in achieving the health Sustainable Development Goals (SDGs), [...] Full text...

thread Health

Gambia, IMF reach staff-level agreement on second review of ECF arrangement

05 november 2024 - 07:26:28
Banjul, Gambia (PANA) – International Monetary Fund (IMF} staff and the Gambian authorities have reached a staff-level agreement on economic [...] Full text...

thread Economy

How high economic uncertainty may threaten global financial stability: IMF Blog By Mario Catalán, Andrea Deghi and Mahvash S. Qureshi

20 october 2024 - 14:53:14
Washington, DC, United States (PANA) - Uncertainty is not as easily measured as traditional indicators like growth or inflation, but [...] Full text...

thread Economy

A Pact for the world’s poorest

18 october 2024 - 18:43:08
By Deodat MaharajManaging Director, United Nations Technology Bank for Least Developed Countries  New York, US (PANA) - Last month, world leaders [...] Full text...

thread Economy

Staying the course on reforms: Nigeria progresses amidst challenges

17 october 2024 - 10:11:01
Abuja, Nigeria (PANA) - Since May 2023, Nigeria has implemented significant reforms to stabilise its economy, resulting in modest growth, [...] Full text...

thread Economy

Global public debt Is probably worse than it looks: IMF Blog By Era Dabla-Norris, Davide Furceri, Raphael Lam, and Jeta Menkulasi

16 october 2024 - 11:04:22
Washington, DC, United States (PANA) - Global public debt is very high. It is expected to exceed $100 trillion, or [...] Full text...

thread Economy

South Africa moves to accommodate foreign workers

14 october 2024 - 10:50:15
Cape Town, South Africa (PANA) – The South African Minister of Home Affairs, Dr Leon Schreiber, has gazetted reforms to [...] 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

Sierra Leone needs fiscal consolidation measures to ensure sustainable economic environment: WB report

11 october 2024 - 06:22:46
Freetown, Sierra Leone (PANA) - Sierra Leone's economy grew by 5.7% in 2023, exceeding expectations, driven by strong performance in [...] Full text...

thread Economy

IMF, WB, WHO step up cooperation on pandemic preparedness

06 october 2024 - 05:59:49
Washington, DC, US (PANA) - The Heads of the International Monetary Fund (IMF), the World Bank Group (WBG), and the [...] Full text...

thread Health

Working from home is powering productivity: IMF article by Nicholas Bloom

02 october 2024 - 05:39:32
Washington, DC, United States (PANA) - Economics is famous for being the dismal science. Sadly, recent work highlighting the slowdown [...] Full text...

thread Society

World Bank report emphasises urgent need for Zambia to boost revenue mobilisation

24 september 2024 - 07:55:34
Lusaka, Zambia (PANA) - A new Public Finance Review (PFR) report has stressed the urgent need for Zambia to boost [...] Full text...

thread Economy

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

IMF Executive Board approves four-year US$3.4 billion Extended Credit Facility arrangement for Ethiopia

30 july 2024 - 11:47:18
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) has approved a four-year arrangement under [...] Full text...

thread Economy

IMF staff completes 2024 Article IV mission to Zimbabwe

28 june 2024 - 11:03:39
Harare, Zimbabwe (PANA) - Despite headwinds, Zimbabwe’s economy continues showing resilience but growth is expected to decelerate to about 2 [...] Full text...

thread Economy

World Bank offers US$700 million to help Egypt achieve sustainable, diversified and resilient growth

24 june 2024 - 08:13:39
Washington, DC, United States (PANA) - The World Bank has announced US$700 million in Development Policy Financing (DPF) for the [...] Full text...

thread Economy

IMF Board approves US$ 149.4 million budget support for Tanzania

21 june 2024 - 10:17:27
Dar es Salaam, Tanzania (PANA) – The International Monetary Fund (IMF) has completed the third review of the Extended Credit [...] 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

Guinea-Bissau: Blockchain Platform to strengthen wage bill management goes live

29 may 2024 - 18:28:25
Bissau, Guinea-Bissau (PANA) - Guinea-Bissau stands up as one of the first countries in sub-Saharan Africa to use blockchain digital [...] Full text...

thread Economy

Gambia’s economy shows resilience amid global challenges - World Bank

24 may 2024 - 16:18:21
Banjul, Gambia (PANA) - The Gambia's economy has shown a remarkable resilience in the face of heightened global and regional [...] Full text...

thread Economy

IMF team, Cape Verde reach staff-level deal on ECF, RSF review

11 may 2024 - 08:20:24
Praia, Cape Verde (PANA) - An International Monetary Fund {IMF) team and the Cape Verdean authorities have reached staff-level agreement [...] Full text...

thread Economy

World Bank provides additional support to food crisis response in Malawi

27 april 2024 - 13:46:15
Lilongwe, Malawi (PANA) - The World Bank is providing immediate support for millions of Malawians severely affected by the ongoing [...] Full text...

thread Environment

Learning from past shocks to scale up disaster and climate resilience in Algeria: World Bank Blog By Philipp Petermann and Ghizlane Aqariden

25 april 2024 - 09:01:50
Algiers, Algeria (PANA) - On 10 October 1980 a magnitude 7.1 earthquake destroyed the town of El Asnam (known today [...] Full text...

thread Environment

Africa’s economic activity set to rebound backed by growing consumption, declining inflation

14 april 2024 - 10:42:32
Dar es Salaam, Tanzania (PANA) - Economic activity is set to rebound in Sub-Saharan Africa, supported by increased private consumption [...] Full text...

thread Economy

Industrial policy is back but the bar to get it right is high: IMF Blog By Anna Ilyina, Ceyla Pazarbasioglu, Michele Ruta

12 april 2024 - 16:14:18
Washington DC, USA (PANA) - Governments have traditionally used targeted interventions known as industrial policy to make domestic producers more [...] Full text...

thread Economy

EU provides €1 billion macro-financial assistance to Egypt

12 april 2024 - 11:45:56
Brussels, Belgium (PANA) - The European Union (EU) will provide €1 billion of urgent short-term macro-financial assistance to Egypt to [...] Full text...

thread Society

African economies projected to grow by 3.4 % in 2024, but faster, more equitable growth needed to reduce poverty

08 april 2024 - 13:06:54
Washington, DC, United States (PANA) - Increased private consumption and declining inflation are supporting an economic rebound in Sub-Saharan Africa. However, [...] Full text...

thread Economy

Fiscal and financial risks of high debt, slow-growth world: IMF Blog By Tobias Adrian, Vitor Gaspar, Pierre-Olivier Gourinchas

29 march 2024 - 13:14:00
Washington, United States (PANA) - Higher long-term real interest rates, lower growth, and higher debt will put pressure on medium-term [...] Full text...

thread Economy

World Bank approves financing for economic management, statistics development in Djibouti

17 march 2024 - 06:10:03
Djibouti, Djibouti (PANA) - The World Bank has approved an additional financing of US$ 5 million for the Economic Management [...] Full text...

thread Economy

New Malawi Economic Monitor calls for commitment to economic reforms to sustain emerging recovery

27 february 2024 - 07:59:36
Lilongwe, Malawi (PANA)  – Malawi’s medium-term growth outlook is improving because of bold reforms undertaken by the government in 2023 [...] Full text...

thread Economy

Mauritius maintains post-pandemic favourable outlook for growth: IMF

24 february 2024 - 10:31:35
Port Louis, Mauritius (PANA) - The Mauritian economy rebounded strongly from the pandemic, while inflationary pressures eased in 2023, with [...] 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

US commercial real estate remains a risk despite investor hopes for soft landing: IMF Blog By Andrea Deghi, Fabio Natalucci, and Mahvash S. Qureshi

19 january 2024 - 07:18:15
Washington, United States (PANA) - The commercial real estate sector has been under intense pressure globally as interest rates have [...] Full text...

thread Economy

IMF Board completes second review of Tanzania’s ECF, approves US$150.5 million disbursement

14 december 2023 - 07:39:33
Dar es Salaam, Tanzania (PANA) – Tanzania has secured US$ 150.5 million budget support from the International Monetary Fund (IMF) [...] Full text...

thread Economy

Continued reforms to boost macro-economic stability in Zimbabwe

13 december 2023 - 09:21:19
Harare, Zimbabwe (PANA)  - Zimbabwe’s economic growth is projected to slow to 3.5 percent in 2024, a decrease from 4.5 [...] Full text...

thread Economy

IMF encourages Cape Verde to adapt to challenges of climate change

12 december 2023 - 11:42:02
Praia, Cape Verde (PANA) - Cape Verde’s economic outlook is uncertain and subject to downside risks which could emanate from [...] Full text...

thread Economy

COP28: Climate action will boost Tunisia’s economy, says World Bank Report

30 november 2023 - 14:23:42
Tunis, Tunisia (PANA) - Water scarcity, coastal erosion and more frequent flooding are among Tunisia’s most pressing climate challenges, says [...] Full text...

thread Economy

High-level Generation Equality Africa regional meeting underlines commitment on financing for gender equality

22 november 2023 - 07:05:36
Dar es Salaam, Tanzania (PANA) - The High-level Generation Equality Africa Regional Meeting ended on Tuesday in Dar es Salaam, [...] Full text...

thread Gender

Cameroon 'remains resilient' in face of external shocks: IMF

18 november 2023 - 08:25:07
Yaoundé, Cameroon (PANA) - Cameroon has remained resilient in the face of successive external shocks and its real GDP growth [...] Full text...

thread Economy

Conflict, external shocks amplify obstacles to economic development of the Sahel and CAR

17 november 2023 - 08:58:48
Ouagadougou, Burkina Faso (PANA) - Countries in the Sahel comprising Burkina Faso, Chad, Mali, Mauritania, and Niger, along with neighbouring [...] Full text...

thread Economy

Tanzania struggles to safeguard economic recovery, prop up inclusive growth

04 november 2023 - 07:40:40
Dar es Salaam, Tanzania (PANA) - Tanzanian authorities and International Monetary Fund (IMF) staff have reached a staff-level agreement on [...] Full text...

thread Economy

Tough macroeconomic policies needed to stabilise Sierra Leone's economy: WB report

28 october 2023 - 11:58:07
Freetown, Sierra Leone (PANA) - Sierra Leone’s economy is projected to grow at 3.7% on average during 2023–25, below its [...] Full text...

thread Economy

Nigeria: Nigeria secures $1.5bn zero-interest World Bank loan

16 october 2023 - 20:32:12
Abuja, Nigeria (PANA) – Nigeria’s Federal Executive Council (FEC) met on Monday with the Minister of Finance and Coordinating Minister [...] Full text...

thread Economy

Wanted: One million good jobs for Togo’s youth: World Bank Blog

13 october 2023 - 08:37:35
Lomé, Togo (PANA) - Togo, a small country on Africa’s west coast, is home to a young and growing population. [...] Full text...

thread Society

IMF staff affirm tourism flows normalising the Seychelles economy

04 october 2023 - 07:23:34
Victoria, Seychelles (PANA) - Recovery of the Seychellois economy continues as tourism flows normalise and economic activity moves closer to [...] Full text...

thread Economy

World Bank reaffirms support for Burundi's macroeconomic reforms

09 september 2023 - 13:30:44
Bujumbura, Burundi (PANA)- The World Bank (WB) Vice President for Eastern and Southern Africa, Victoria Kwakwa, reaffirmed her institution's support [...] Full text...

thread Economy

Money laundering poses risk to financial sector stability: IMF Blog (By Pierre Bardin, Antoine Bouveret, Grace Jackson, Maksym Markevych)

06 september 2023 - 10:02:42
Washington DC, US (PANA) - Cross-border financial crime is here to stay. While people everywhere enjoy the convenience of a [...] Full text...

thread Economy

Efficient state-owned enterprises will boost Eswatini’s economic growth: WB report

08 august 2023 - 08:01:36
Mbabane, Eswatini (PANA) - Restructuring key state-owned enterprises (SOEs) in Eswatini will create new opportunities for the private sector and [...] Full text...

thread Economy

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

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

Nigeria can seize the opportunity to realise its growth potential: WB

28 june 2023 - 06:40:59
Abuja, Nigeria (PANA) – Nigeria’s new administration has initiated critical reforms to address macroeconomic imbalances, thus opening a window of [...] Full text...

thread Economy

Macro-economic challenges hamper Zimbabwe maize farmers’ efforts to raise production

19 june 2023 - 09:28:31
Harare, Zimbabwe (PANA) - Zimbabwe’s maize crop for marketing year 2023/24 is estimated at 1.5 million metric tons, representing an [...] Full text...

thread Agriculture

Madagascar receives $100 million WBG assistance for reforms, resilient growth

10 june 2023 - 11:00:38
Antananarivo, Madagascar (PANA) - The World Bank Group (WBG) Board of Directors has approved a $100 million credit for a [...] Full text...

thread Economy

Dakar to host a forum on food security and sustainable development in West Africa

05 june 2023 - 17:11:08
Cotonou, Benin(PANA) - Dakar will host a regional forum of intergovernmental organizations from West Africa next year to promote regional [...] Full text...

thread Society

WB report calls for maximised revenues from Africa’s natural resources

10 may 2023 - 10:54:48
Washington, DC, US (PANA) - In a time of energy transition and rising demand for metals and minerals, resource-rich governments [...] Full text...

thread Economy

Africa looks to tap resource wealth for sustainable development and transition to low-carbon economies

05 april 2023 - 13:25:00
Washington DC, US (PANA) - Growth across Sub-Saharan Africa remains sluggish, dragged down by uncertainty in the global economy, the [...] Full text...

thread Economy

Volatile commodity prices reduce growth, amplify swings in inflation

01 april 2023 - 12:04:37
Washington, DC, US (PANA) - Food and energy prices surged to near historic highs in recent years amid the pandemic [...] Full text...

thread Economy

Tunisia reforming energy subsidies to enhance economic resilience

30 march 2023 - 11:07:38
Tunis, Tunisia (PANA) - Tunisia's economic recovery slowed in 2022 while the current account and fiscal deficit rose amid mounting [...] Full text...

thread Economy

Volatile commodity prices reduce growth, amplify swings in inflation: IMF Blog

28 march 2023 - 19:14:54
Washington, DC, US (PANA) - Food and energy prices surged to near historic highs in recent years amid the pandemic [...] Full text...

thread Economy

Tanzania, IMF staff reach deal on Extended Credit Facility

24 february 2023 - 11:06:42
Dar es Salaam, Tanzania (PANA) – The Tanzanian economy is benefitting from improvements in the business environment, though it is [...] Full text...

thread Economy

Ensuring universal access to WASH means huge benefits for Tanzania

13 february 2023 - 11:04:21
Dar es Salaam, Tanzania (PANA) - Providing universal access to water, sanitation, and hygiene (WASH) could reduce Tanzania’s economic losses [...] Full text...

thread Society

Ghana finance minister urges govt bondholders to sign up to debt exchange programme

07 february 2023 - 06:54:25
Accra, Ghana (PANA) - As Ghana struggles to meet conditions for a bailout from the International Monetary Fund (IMF) to [...] Full text...

thread Economy

Presidential party to hold 'ordinary' congress in Burundi

20 january 2023 - 19:26:07
Bujumbura, Burundi (PANA) - The National Council for the Defence of Democracy/Forces for the Defence of Democracy (CNDD-FDD, party-state) has [...] Full text...

thread Politics

Kenya to end US$300 million bailouto Kenya Airways in 2023

20 january 2023 - 18:07:04
Nairobi, Kenya (PANA) - Kenya will end the US$300 million annual bailout of its national airline, Kenya Airways (KQ) in [...] Full text...

thread Economy

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

Ghana government exempts pension funds from Debt Exchange Programme

22 december 2022 - 18:56:25
Accra, Ghana (PANA) - The Government of Ghana on Thursday granted exemption to all pension funds in its Domestic Debt [...] Full text...

thread Economy

Nigeria's urgent choices to reduce vulnerability to crisis: World Bank

15 december 2022 - 13:51:04
Abuja, Nigeria (PANA) - Nigeria’s economy needs to grow faster to reduce poverty, the World Bank recommends in its latest [...] Full text...

thread Economy

Burundi Central Bank wants to curb galloping inflation

10 december 2022 - 15:12:17
Bujumbura, Burundi (PANA) - The Bank of Burundi (BRB) has initiated a series of monetary and exchange rate reforms, "taking [...] Full text...

thread Economy

IMF team to visit Ghana from Thursday

30 november 2022 - 17:33:07
Accra, Ghana (PANA) - An International Monetary Fund (IMF) staff team, led by Stéphane Roudet, mission chief for Ghana, will [...] Full text...

thread Economy

Ghana's finance minister announces raft of measures to resuscitate economy

24 november 2022 - 15:24:06
Accra, Ghana (PANA) - Ghana's Finance Minister, Ken Ofori-Atta, on Thursday presented the 2023 budget to Parliament which is seen [...] Full text...

thread Economy

Mauritius on path of strong economic recovery - Finance Minister

04 october 2022 - 08:55:28
Port-Louis, Mauritius (PANA) – The Mauritian Finance, Economic Planning and Development Minister, Renganaden Padayachy, on Monday said that the government [...] Full text...

thread Health

President Barrow says Gambian economy, growth rebounded to 4.5 per cent in 2021-

16 september 2022 - 18:07:39
Banjul, Gambia (PANA) - Gambian  President Adama Barrow has stated that despite the significant impact of the COVID-19 pandemic on the [...] Full text...

thread Economy

World Bank gives Guinea US$ 520 million

28 august 2022 - 15:41:56
Conakry, Guinea (PANA) - The World Bank has released US$520 million to Guinea for reforms of public finance management, stabilisation [...] 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

IMF approves first Gender Strategy

23 july 2022 - 06:37:26
Washington, DC, US (PANA) – The Executive Board of the International Monetary Fund (IMF)  has approved the IMF’s first Gender [...] Full text...

thread Gender

Chad implements IMF’s Enhanced General Data Dissemination System

19 july 2022 - 10:51:59
N'djamena, Chad (PANA) - Chad has implemented the recommendations of the International Monetary Fund (IMF) on Enhanced General Data Dissemination [...] Full text...

thread Economy

Communities in Horn of Africa struggle with cumulative shocks in face of starvation

13 june 2022 - 14:49:11
Dar es Salaam, Tanzania (PANA) - Communities in the Horn of Africa are facing the threat of starvation following four [...] Full text...

thread Environment

Kenya releases US$28 billion budget for 2022/2023

08 april 2022 - 10:18:11
Nairobi, Kenya (PANA) – Kenyan government has unveiled a new financial expenditure plan for 2022/23 projected at Ksh 3.3 trillion [...] Full text...

thread Economy

Mauritius Central Bank signs MOU on cooperation with Luxemburg financial agency

17 january 2022 - 09:10:15
Port Louis, Mauritius (PANA) - The Mauritius Central Bank and the Commission de Surveillance du Secteur Financier of Luxemburg (CSSF) [...] Full text...

thread Economy

Mauritius Minister deplores decline of women-owned businesses

26 october 2021 - 08:41:49
Port-Louis, Mauritius (PANA) – Mauritian Minister of Industrial Development, SMEs and Cooperatives, Mr Soomilduth Bholah, on Monday, deplored that women-owned [...] Full text...

thread Economy

Mauritius gov't striving to build a plastic-free country

19 october 2021 - 10:37:31
Port-Louis, Mauritius (PANA) - The Mauritian Minister of Environment, Solid Waste Management and Climate Change, Mr Kavydass Ramano, on Tuesday [...] Full text...

thread Environment

Coronavirus: IMF staff hail Guinea Bissau’s reform progress under pandemic compounded conditions

12 october 2021 - 10:59:15
Bissau, Guinea Bissau (PANA) – Guinea’s progress on its nine-month economic reform programme, which is monitored by the International Monetary [...] Full text...

thread Economy

IMF staff says Zambia urgently needs to restore sustainability

05 october 2021 - 09:30:58
Lusaka, Zambia (PANA) - In light of the deeply challenging macro-economic environment that prevails, the new administration in Zambia faces [...] Full text...

thread Economy

WB provides US$100 million to accelerate digital transformation, smart agriculture in Cameroon

29 september 2021 - 14:13:23
Yaoundé, Cameroon (PANA) – The World Bank has approved a credit from the International Development Association (IDA) for US $100 [...] Full text...

thread Economy

IGAD says number of food insecure countries risen by nearly 4 million since 2019

21 september 2021 - 09:50:37
Khartoum, Sudan (PANA) - The East African trade bloc, Inter-governmental Authority for Development (IGAD), says that an estimated 31.4 million [...] Full text...

thread Society

Coronavirus: IMF approves US$67.38 million emergency support to Equatorial Guinea

17 september 2021 - 10:03:33
Washington, US (PANA) - The Executive Board of the International Monetary Fund (IMF) has approved a disbursement of US$67.38 million [...] Full text...

thread Economy

IMF Managing Director approves SMP for policy reform in Guinea-Bissau

28 july 2021 - 08:34:03
Bissau, Guinea-Bissau (PANA) - The Managing Director of the International Monetary Fund (IMF) has approved a Staff-Monitored Programme (SMP) for [...] Full text...

thread Economy

Ramaphosa visits scene of violent protests in South Africa

16 july 2021 - 13:32:33
Cape Town, South Africa (PANA) – South African President Cyril Ramaphosa on Friday visited the scene of Durban’s violent protests [...] Full text...

thread Society

' High food prices making it hard for millions of families to get enough to eat'

09 july 2021 - 07:05:53
Rome, Italy (PANA) - Job losses caused by the COVID-19 pandemic combined with high food prices are making it hard [...] Full text...

thread Agriculture

New economic analysis calls for affordable ICT for youth, women, and rural communities in Malawi

25 june 2021 - 16:05:42
Lilongwe, Malawi (PANA) - Malawi’s low levels of electricity access, high internet prices, unpredictable connectivity, high cost of smart devices, [...] Full text...

thread Economy

EU set to ease Burundi's economic pain

23 june 2021 - 21:50:43
Bujumbura, Burundi (PANA) - The European Union (EU) is set to lift the first economic embargo against Burundi in 43 [...] Full text...

thread Politics

IMF reaches staff level deal with Cameroon on new economic support arrangements

28 may 2021 - 10:44:49
Yaoundé, Cameroon (PANA) – Cameroon has shown resilience in the face of the COVID-19 pandemic, but still faces significant challenges, [...] Full text...

thread Economy

Ratings agency flags South Africa concerns

18 may 2021 - 18:05:36
Cape Town, South Africa (PANA) – Global ratings agency, Moody’s, on Tuesday warned that low economic growth and rising debt [...] Full text...

thread Economy

African Energy Chamber calls for solution to cowardly attacks in northern Mozambique

26 april 2021 - 15:52:44
Johannesburg, South Africa (PANA) – The African Energy Chamber (AEC) on Monday called on Total and its international partners to [...] Full text...

thread Economy

Coronavirus: IMF avails US$ 174.2 million emergency assistance for South Sudan

01 april 2021 - 08:00:59
Juba, South Sudan (PANA) – The International Monetary Fund (IMF) is helping South Sudan with a disbursement of US$ 174.2 [...] Full text...

thread Economy

Libyan media discuss expectations on effects of reconciliation between Arab Gulf countries and White House on Libyan crisis

10 january 2021 - 14:53:41
Tripoli, Libya (PANA) - The expectations of Libyans regarding the impact of the recent reconciliation among Arab Gulf countries and [...] Full text...

thread Press Review

Coronavirus: Africa trade to drop drastically due to lockdowns - Afreximbank

16 december 2020 - 19:48:58
Cairo, Egypt (PANA) - African trade is expected to contract significantly following  the closure of borders, air transport and the [...] Full text...

thread Economy

Significant food price hikes push currency weakening in Africa

03 november 2020 - 23:52:03
Addis Ababa, Ethiopia (PANA) - A significant rise in the cost of food during the coronavirus pandemic (COVID-19) has ignited [...] Full text...

thread Economy

Niger, partners did great job on follow-up of flood victims – EU Official

23 october 2020 - 22:16:17
Niamey, Niger (PANA) - The ambassador and chief of the European Union (EU) delegation, Dr. Denisa Elena Ionee Friday hailed [...] Full text...

thread Society

Coronavirus: Ramaphosa to announce SA economic stimulus package

12 october 2020 - 12:35:32
Cape Town, South Africa (PANA) – President Cyril Ramaphosa is this week expected to unveil a massive stimulus package to [...] Full text...

thread Economy

IMF approves Sudan’s reform programme heading for debt relief

24 september 2020 - 09:32:34
Khartoum, Sudan (PANA) - The Executive Board of the International Monetary Fund (IMF) has endorsed Sudan’s Staff-Monitored Programme (SMP) which [...] Full text...

thread Economy

Nigerien president commends establishment of AfCFTA secretariat in Ghana

18 august 2020 - 17:32:18
Niamey, Niger (PANA) - President Issoufou Mahamadou of Niger has welcomed the establishment of the Secretariat of the African Free [...] Full text...

thread Economy

Coronavirus: ADF approves US$165 million grant for Ethiopia's national COVID-19 emergency response

03 july 2020 - 14:52:42
Addis Ababa, Ethiopia (PANA) - The Board of Directors of the African Development Fund (ADF) on 3 July, 2020, approved [...] Full text...

thread Health

Zimbabwe's main opposition leader, Nelson Chamisa, calls on citizens to protest peacefully

26 june 2020 - 16:54:20
Harare, Zimbabwe (PANA) - Nelson Chamisa, Zimbabwe's Alliance leader of the main opposition Movement for Democratic Change (MDC), has called [...] Full text...

thread Politics

Sudan Partnership Conference pledges over 1.8 billion dollars in support for the Sudan

26 june 2020 - 00:11:09
Khartoum, Sudan(PANA) - The Sudan partnership conference held via videoconference in Berlin, Germany, Thursday ended with a strong political and [...] Full text...

thread Economy

Coronavirus: Botswana’s private sector implored to proactively fight COVID-19 impacts

25 june 2020 - 12:48:16
Gaborone, Botswana (PANA) - Financial services provider, Stanbic Bank Botswana has implored the local business community to aggressively innovate against [...] Full text...

thread Economy

Coronavirus: World Bank grants Tunisia financial support of US$ 175 million

15 june 2020 - 16:55:52
Tunis, Tunisia (PANA) - The World Bank has approved budget support of US$ 175 million to help Tunisia cope with [...] Full text...

thread Economy

France to support an ambitious EU-ACP agreement

11 june 2020 - 18:49:15
Paris, France (PANA) - The French minister of State for Foreign Affairs, Jean-Baptiste Lemoyne, has said that France supports the [...] Full text...

thread Economy

Coronavirus: AfDB approves 30-million-euro loan to fight COVID-19 in Cabo Verde

28 may 2020 - 19:08:01
Abidjan, Cote d;Ivoire (PANA) - The Board of Directors of the African Development Bank (AfDB) has extended a loan of [...] Full text...

thread Health

Will oil-rich African countries be left indebted after coronavirus outbreak?

25 april 2020 - 01:09:01
Nairobi, Kenya (PANA) - Humanity is witnessing some of the most profound changes seen since the Great Depression as a [...] Full text...

thread Economy

Tunisian political party warns against dangers linked to country’s debt

13 april 2020 - 23:10:13
Tunis, Tunisia (PANA)  -  The Tunisian Labour Party has strongly criticized the continuation of the country’s debt policy, describing it [...] Full text...

thread Economy

Tunisia's net assets in foreign currencies exceed 20 billion dinars

26 march 2020 - 16:03:01
Tunis Tunisia (PANA) - For the first time in month, Tunisia's net assets in foreign currencies exceeded 20 billion Tunisian [...] Full text...

thread Economy

Central African States urged to communicate on benefits of new financial market

09 march 2020 - 15:36:02
Brazzaville, Congo (PANA) - In a bid to encourage financial actors to play an increased role in the newly unified [...] Full text...

thread Economy

AfDB notes lack of reform coordination in Zimbabwe government

26 february 2020 - 14:48:23
Harare, Zimbabwe (PANA) - The African Development Bank (AfDB) has said the Zimbabwe government lacks reform coordination and urged the [...] Full text...

thread Economy

IMF mission says Equatorial Guinea’s overall fiscal balance improved in 2019

15 february 2020 - 09:06:34
Malabo, Equatorial Guinea (PANA) – Authorities in Equatorial Guinea are making progress with programme implementation in the macro-fiscal area and [...] Full text...

thread Economy

Mauritius: AXYS Stockbroking publishes report on economic impact of coronavirus

11 february 2020 - 15:52:45
Port-Louis, Mauritius (PANA) - AXYS Stockbroking, a branch of the financial group AXYS, one of the leading portfolio management companies [...] Full text...

thread Economy

Africa adopts position on recovery of illicit assets

10 february 2020 - 23:30:38
Banjul, Gambia (PANA) - Countries meeting at the African Union (AU)’s 33rd assembly in Addis Ababa, Ethiopia, Monday adopted a [...] Full text...

thread Economy

Sub-Saharan Africa faces grave hunger challenges in 2020: UN food relief agency

31 december 2019 - 19:19:34
Dar es Salaam, Tanzania (PANA) - At the dawn of the next decade, a new World Food Programme (WFP) forecast [...] Full text...

thread Agriculture

Fitch downgrades Nigeria's credit rating from 'stable' to 'negative'

22 december 2019 - 05:24:27
Abuja, Nigeria (PANA) – Fitch Ratings, the international credit rating agency, has revised the outlook on Nigeria’s long-term foreign currency [...] Full text...

thread Economy

EU disburses 22 million Euros of budget support to the national treasury of the Gambia

20 december 2019 - 00:02:06
Banjul, Gambia (PANA)  -  European Union budget support and technical assistance have contributed to macro-economic stability, economic governance and supported [...] Full text...

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Togo's economic recovery efforts firm up - IMF mission

18 december 2019 - 18:02:19
Lomé, Togo (PANA) - Togo's economic recovery is strengthening, according to an International Monetary Fund (IMF) staff mission that visited [...] Full text...

thread Economy

Minister notes role of SMEs in Botswana's economic diversification

17 december 2019 - 18:26:10
Gaborone, Botswana (PANA) - Botswana's Acting Minister of Investment, Trade and Industry, Karabo Socraat Gare, has lauded the International Trade Centre [...] Full text...

thread Economy

IMF Board says Mauritania registers strong growth, set to accelerate to 6.9% this year

12 december 2019 - 19:05:16
Nouakchott, Mauritania (PANA) - The Executive Board of the International Monetary Fund (IMF) on Wednesday completed the fourth review of [...] Full text...

thread Economy

EU stresses inclusion of marginalization victims in Sudan’s transition efforts

09 december 2019 - 14:11:13
Brussels, Belgium (PANA) – For the authorities in Khartoum to guarantee the long-term stability of Sudan, the country’s transition should [...] Full text...

thread Society

WAICA Education Forum opens in Banjul

21 november 2019 - 19:11:31
Banjul, Gambia (PANA) - West African Insurance Companies Association (WAICA) forum on Education opened at a local hotel on Thursday, [...] Full text...

thread Economy

Benin expects macroeconomic indicators to improve in 2020

17 november 2019 - 11:02:08
Cotonou, Benin (PANA) - Benin is looking forward to further improving its macroeconomic indicators in 2020, according to the draft [...] Full text...

thread Economy

Artificial intelligence lags behind in Botswana while cyber crime soars

15 november 2019 - 15:06:32
Gaborone, Botswana (PANA) - The global technology landscape is growing at an exceedingly great extent, with fraud and identity theft [...] Full text...

thread Economy

IMF has US$20m in the pipeline for Sierra Leone

15 november 2019 - 12:55:27
Freetown, Sierra Leone (PANA) – An International Monetary Fund (IMF) mission and the Government of Sierra Leone have reached preliminary [...] Full text...

thread Economy

Botswana youth to get lifeline in investment

13 november 2019 - 19:05:55
Gaborone, Botswana (PANA) - In an attempt to leapfrog into the Fourth Industrial Revolution (4IR), Botswana will be hosting the [...] Full text...

thread Economy

Tunisian growth rate estimated at 2.6% in 2020 against 1.5% in 2019

07 november 2019 - 17:47:30
Tunis, Tunisia (PANA) - Economic growth in Tunisia will reach 2.6 percent in 2020, compared with the 1.5 percent in [...] Full text...

thread Economy

Gambia plans to roll out National Health Insurance Scheme in 2020

06 november 2019 - 14:55:53
Banjul,Gambia (PANA)- The Gambia government has discussed and approved the 2020 budget estimates as well as the  development plans, including [...] Full text...

thread Health

UN to inaugurate the first rapid analysis laboratory in Tunis

04 november 2019 - 18:03:54
Tunis, Tunisia (PANA) - The resident representative of the United Nations Development Program (UNDP) in Tunisia, Steve Utterwulghe, will Tuesday [...] Full text...

thread Economy

Western states pledge support for planned reforms of Sudan’s economy

24 october 2019 - 12:20:35
Khartoum, Sudan (PANA) - Assistant Secretary for U.S. Department of State's Bureau of African Affairs, Tibor Nagy, says his country [...] Full text...

thread Economy

Burkina Faso experiences mining boom as production increases

23 october 2019 - 10:54:20
Ouagadougou, Burkina Faso (PANA) - The West African state of Burkina Faso is experiencing a mining boom characterized by a [...] Full text...

thread Economy

WB pessimistic for Libya’s economy

17 october 2019 - 21:55:47
WB forecasts gloomy picture of Libya’s economy   Tripoli, Libya (PANA)  -  The World Bank Thursday predicted a  very “pessimistic” picture for [...] Full text...

thread Economy

'African governments need progressive policies', New IMF Boss says

17 october 2019 - 17:10:44
Washington D.C, USA (PANA) - Newly-appointed International Monetary Fund (IMF) managing director, Kristalina Georgieva, says the Fund under her leadership [...] Full text...

thread Economy

IMF underscores transparent, prudent revenue management in Mauritania

12 october 2019 - 09:07:40
Nouakchott, Mauritania (PANA) – While economic growth in Mauritania could exceed 6 percent next year, continued prudent policies are needed [...] Full text...

thread Economy

EU grants five million euros to Finnish Red Cross to support 76,500 food insecure Zimbabweans

09 october 2019 - 23:28:05
New York, USA (PANA)  -  The European Union (EU) Wednesday granted five million euros in financial aid to the Finnish [...] Full text...

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Mauritius sets up SME Observatory for data collection

30 september 2019 - 13:02:56
  Port-Louis, Mauritius (PANA) – SME Mauritius, a government body, will soon set up an observatory to serve as the main repository of [...] Full text...

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Mauritanian government promises safety of public finances

26 august 2019 - 22:26:19
Nouakchott, Mauritania (PANA)   -  Mauritania’s Minister of Finances Mohamed Lemine Dhehbi Monday assured the public that the country’s financial situation [...] Full text...

thread Economy

Chinese experts visit Zimbabwe to help government on "strategic plans"

22 august 2019 - 15:35:27
Harare, Zimbabwe (PANA) - The Development Research Centre of the State Council (DRC) of the People’s Republic of China has [...] Full text...

thread Economy

Tunisia records 1.1% economic growth in first half of 2019

16 august 2019 - 15:02:07
Tunis, Tunisia (PANA) - Tunisia recorded an economic growth of 1.1% in the first half of 2019 compared to 2.6% [...] Full text...

thread Economy

Mass movements of Zimbabweans to South Africa loom - Report

11 august 2019 - 11:49:38
Harare, Zimbabwe (PANA) - American based humanitarian organization, Refugees International (RI), has revealed to PANA that aid officials expect South [...] Full text...

thread Society

Botswana: Financial Stability Council discusses financial sector stability

08 august 2019 - 16:59:30
Gaborone, Botswana (PANA) - The Financial Stability Council (FSC) of Botswana met on Thursday, deliberating on several markets, regulatory and [...] Full text...

thread Economy

Zimbabwe Peace Project says food aid is being distributed along party lines

06 august 2019 - 14:30:56
Harare, Zimbabwe (PANA) - Zimbabwe Peace Project (ZPP) has reported that food aid continues to be deprived to communities based [...] Full text...

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Old and forgotten, social protection for Zimbabwe's pension -Analysis by PANA Correspondentclines

06 august 2019 - 13:47:00
Harare, Zimbabwe (PANA) - As the Zimbabwe dollar continues to devalue, pensioners are slowly coming to terms with the reality [...] Full text...

thread Society

Social protection interventions in Zimbabwe generally under and irregularly financed

04 august 2019 - 15:52:32
Harare, Zimbabwe (PANA)   -   Social protection interventions are generally under and irregularly financed due to lack of cohesion on how [...] Full text...

thread Society

Digital solutions could be key to end hunger in Africa - Report

12 july 2019 - 19:27:22
Kigali, Rwanda (PANA) -  Strategic use of digital technologies can be a game changer in accelerating sustainable agricultural transformation in [...] Full text...

thread Agriculture

Zimbabwe's Rural Teachers Union demands higher wages than "paltry" gov't offers

11 july 2019 - 15:57:35
Harare, Zimbabwe (PANA) - The Amalgamated Rural Teachers Union of Zimbabwe (ARTUZ) has implored “genuine Trade Unions” to join them in demanding [...] Full text...

thread Economy

The number of starving Zimbabweans has increased to nearly seven million

10 july 2019 - 15:14:25
Harare, Zimbabwe (PANA) - Nearly seven million Zimbabweans are now facing hunger, a sharp increase from what the United Nations [...] Full text...

thread Society

‘Marco-economic environment remains highly volatile in Zimbabwe’

09 july 2019 - 14:34:45
Harare, Zimbabwe (PANA) - The Zimbabwe macro-economy remains highly volatile and continues to deteriorate, an updated outlook report from FEWS [...] Full text...

thread Economy

Zimbabwe Finance Minister Mthuli Ncube dares legal experts over challenging SI 142 of 2019

08 july 2019 - 17:35:12
Harare, Zimbabwe (PANA) - Finance minister, Mthuli Ncube, has called litigations in the courts over his promulgation of Statutory Instrument [...] Full text...

thread Economy

AU Summit on African Continental Free Trade Area opens in Niger on Sunday

06 july 2019 - 12:22:24
Niamey, Niger (PANA) - Niger hosts the African Union Heads of State and Government Summit on Saturday and Sunday, which [...] Full text...

thread Economy

Cape Verde records 5.5 percent economic growth

04 july 2019 - 15:13:02
Praia, Cape Verde (PANA) - The Cape Verdean economy recorded a 5.5% volume growth in 2018, after a slowdown in [...] Full text...

thread Economy

Sub-Saharan Africa GDP expected to grow in 2019-2020 period - Report

01 july 2019 - 13:01:58
Nairobi, Kenya (PANA) - Gross Domestic Product (GDP) growth in Sub-Saharan Africa is expected to grow by 2.9 percent and [...] Full text...

thread Economy

Zimbabwe Congress of Trade Unions evokes Tripartite Negotiating Forum over devaluing salaries

19 june 2019 - 04:25:44
Harare, Zimbabwe (PANA) - Zimbabwe Congress of Trade Unions (ZCTU) has evoked the recently signed Tripartite Negotiating Forum (TNF) Act [...] Full text...

thread Society

Afreximbank wins African Bank of the year 2019

12 june 2019 - 10:57:26
Abidjan, Côte d'Ivoire (PANA) - African Export Import Bank (Afreximbank) was on Tuesday named the African Bank the year 2019 [...] Full text...

thread Economy

DR Congo's President Felix Tshisekedi reviews economic cooperation with IMF

04 june 2019 - 20:54:54
Kinshasa, DR Congo (PANA)   -   The president of Democratic Republic of Congo (DRC), Felix Antoine Tshisekedi Tshilombo, Tuesday held talks [...] Full text...

thread Economy

Zimbabwe Govt loses faith in its own currency

31 may 2019 - 18:36:04
Harare, Zimbabwe (PANA) - Some government departments and parastatals have adopted a two tier pricing model to include US dollars [...] Full text...

thread Economy

Gambian economy very promising, growing at six percent - World Bank country director

22 may 2019 - 23:11:02
Banjul, Gambia (PANA)  -   Ms Louise Cord, outgoing World Bank country director to The Gambia, said here Wednesday the Gambian [...] Full text...

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Mauritania’s growth programme entrenches macroeconomic stability

21 may 2019 - 09:21:47
Nouakchott, Mauritania (PANA) – With its economic growth projected to accelerate to 6.7 percent in 2019, Mauritania has embarked upon [...] Full text...

thread Economy

President Felix Tshisekedi launches works for first seminar of provincial governors

13 may 2019 - 23:24:59
Kinshasa, DR Congo (PANA)   -   President Felix Antoine Tshisekedi Tshilombo Monday launched a guidance seminar for governors and deputy-governors of [...] Full text...

thread Politics

Economic development must show real impact on people’s lives - President Barrow

13 may 2019 - 20:53:49
Banjul, Gambia(PANA)  -  Gambian President Adama Barrow told International Monetary Fund (IMF) delegations Monday that economic development was meaningless without [...] Full text...

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Over 200 million West Africans live below poverty line – UNECA Official

07 may 2019 - 16:10:55
Monrovia, Liberia (PANA) - Over 200 million people in West Africa live below the national poverty line, according to a [...] Full text...

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ADF approves US$11.1 million for Zambia's public finance reforms (Correcting headline to read US$11.1 million)

02 may 2019 - 08:58:31
Nairobi, Kenya (PANA) - The African Development Fund on Tuesday approved US$11.1 million to support Zambia’s public finance and economic [...] Full text...

thread Economy

UN writes to Liberia on development assistance ties

01 may 2019 - 11:59:09
Monrovia, Liberia (PANA) – The United Nations has informed the Government of Liberia that that accountability remains a hallmark in [...] Full text...

thread Economy

IMF Board encourages Mauritius to enhance fiscal credibility

25 april 2019 - 08:14:54
Port Louis, Mauritius (PANA) – Welcoming Mauritius’ steady economic growth momentum and broadly positive macroeconomic outlook, Executive Directors of the [...] Full text...

thread Economy

Zimbabwe's agricultural sector losing US$126 million per year to bad weather -WB

07 april 2019 - 14:35:03
Harare, Zimbabwe (PANA) -  The World Bank says Zimbabwe’s agricultural sector loses US$126 million per annum due to production risks [...] Full text...

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East African economies record robust growth without creating jobs - AfDB

04 april 2019 - 18:03:39
Nairobi, Kenya (PANA) - The African Development Bank (AfDB) has expressed concern at the high economic growth rates recorded in [...] Full text...

thread Economy

West African region economic growth below continental average, says AfDB

03 april 2019 - 23:38:16
Abuja, Nigeria (PANA) – The African Development Bank (AfDB) Wednesday projected the overall economic growth in West Africa to rise [...] Full text...

thread Economy

Zambia’s central bank holds policy rate at 9.75%

20 february 2019 - 22:36:38
Lusaka, Zambia (PANA) – The Monetary Policy Committee (MPC) of the Bank of Zambia (BOZ) has decided to maintain the [...] Full text...

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AfDB sees countries sinking in hefty commercial debt, rules out Africa debt crisis

08 february 2019 - 16:44:44
Addis Ababa, Ethiopia (PANA) – The African Development Bank (AfDB) says though the debt situations in some African countries have [...] Full text...

thread Economy

Nigeria, AfDB to establish an innovation fund for technological growth

26 november 2018 - 19:29:46
Abuja, Nigeria (PANA) – The 22nd African Securities Exchanges Association (ASEA) Annual General Meeting and Conference opened in Lagos on [...] Full text...

thread Economy

UN agency reports 9.6 million people severely food-insecure in Southern Africa

26 november 2018 - 16:50:19
Dar es Salaam, Tanzania (PANA) - The number of severely food insecure people in Southern Africa rose to an estimated [...] Full text...

thread Society

At AIF, CwA assesses role in facilitating private sector investments

10 november 2018 - 13:00:05
Johannesburg, South Africa (PANA) - As part of the Africa Investment Forum (AIF), ministers from the G20 Compact with Africa [...] Full text...

thread Economy

IMF staff anticipate Namibia’s growth to recover gradually after recession

09 november 2018 - 20:01:10
Windhoek, Namibia (PANA) – It is important for Namibia to remove obstacles to exports, reduce market barriers, and streamline business [...] Full text...

thread Economy

Sudan is one of the world’s largest protracted humanitarian situations - UN

30 october 2018 - 09:55:50
Khartoum, Sudan (PANA) - The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) has described Sudan as among [...] Full text...

thread Society

WB report says inclusive growth essential for poverty reduction in Madagascar

01 august 2018 - 18:29:14
Antananarivo, Madagascar (PANA) - Overall, Madagascar’s economy has been performing well, with growth estimated at 4.2 % in 2017 and [...] Full text...

thread Economy

IMF encourages Algeria to contain inflation

01 june 2018 - 18:07:54
Algiers, Algeria (PANA) – As Algeria continues to face important challenges posed by the fall in oil prices four years [...] Full text...

thread Economy

AfDB announces Senior Management appointments

05 march 2018 - 14:06:11
Abidjan, Cote d'Ivoire (PANA) - The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has announced the following [...] Full text...

thread Economy

Experts compare notes on fiscal management in West African mining/petroleum sector

27 february 2018 - 18:57:42
Accra, Ghana (PANA) – Sound fiscal management is essential for countries that are still dependent on revenue from the mining [...] Full text...

thread Economy