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

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

thread Economy

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

Breaking the debt super-cycle: IMF Blog by Atif Mian

20 march 2024 - 07:50:15
Washington DC, USA (PANA) - Dependence on credit to boost demand imperils the world economy—we must correct the underlying imbalances Nature [...] Full text...

thread Economy

Tanzania can unlock important economic benefits by accelerating health and fertility improvements: WB report

12 march 2024 - 16:56:03
Dar es Salaam, Tanzania (PANA) - Tanzania has made important strides in reducing infant and child mortality, but the authorities [...] Full text...

thread Society

A study of 100 inflation shocks since the 1970s provides valuable pointers for policymakers today (IMF Blog By Anil Ari and Lev Ratnovski)

10 february 2024 - 08:40:09
Washington, United States (PANA) - In the early 1970s, conflict in the Middle East set off a spike in oil [...] Full text...

thread Economy

Despite seasonal tailwinds, gold fails to power its market higher

07 february 2024 - 20:07:50
Dar es Salaam, Tanzania (PANA) - Gold failed to power higher in January, despite seasonal tailwinds, after breaching record highs [...] 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

Gold hit new highs in 2023, but inflationary scares likely in 2024: World Gold Council

11 january 2024 - 07:08:08
Dar es Salaam, Tanzania (PANA) - Emerging market (EM) demand for gold provided not only a ballast to lacklustre developed [...] Full text...

thread Economy

World Bank foresees global economy recording worst growth over quarter century

10 january 2024 - 16:33:50
Nairobi, Kenya (PANA) - Economic growth in Africa is expected to pick up to 3.8% in 2024 and rise further [...] Full text...

thread Economy

World Bank foresees global economy recording worst growth over quarter century

09 january 2024 - 17:37:13
Nairobi, Kenya (PANA) - Economic growth in Africa is expected to pick up to 3.8% in 2024 and rise further [...] Full text...

thread Economy

Global economy set for weakest half-decade performance in 30 years

09 january 2024 - 14:23:37
Washington, United States (PANA) - As the world nears the midpoint of what was intended to be a transformative decade [...] Full text...

thread Economy

Gold among top 2023 commodity performers

05 january 2024 - 15:17:23
Dar es Salaam, Tanzania (PANA) - Gold reached a record high in 2023, finishing the year at US$2,078.40/oz (+14.6% y/y) [...] Full text...

thread Economy

Leadership deficit, political crises rocking ECOWAS region (By Paul Ejime)

07 december 2023 - 08:10:52
Abuja, Nigeria (PANA) - The failure of the Economic Community of West African States (ECOWAS) to follow through with its [...] Full text...

thread Politics

UNICEF: 1 in 5 children in world’s richest countries living in poverty

06 december 2023 - 06:46:44
New York, US (PANA) - A sharp rise in child poverty was registered across 40 of the world’s richest countries between [...] Full text...

thread Society

Impact of monetary, fiscal policy uncertainty on the global economy: World Bank Blog by Senior Economist Franz Ulrich Ruch and Economics Professor Haroon Mumtaz of Queen Mary University, London

15 october 2023 - 12:43:14
Washington DC, United States (PANA) - In response to the COVID-19 pandemic, policy makers across the globe unleashed unprecedented amounts [...] Full text...

thread Economy

Higher-for-longer interest rate environment is squeezing more borrowers: IMF Blog By Tobias Adrian

11 october 2023 - 08:00:15
Washington, DC, United States (PANA) - The world’s central banks have unleashed the steepest series of interest-rate increases in decades [...] Full text...

thread Economy

Decline in oil output likely to upset Equatorial Guinea’s recovery prospects

07 october 2023 - 09:38:44
Malabo, Equatorial Guinea (PANA) - Economic indicators in 2022 registered improvements after a long recession in Equatorial Guinea as real [...] Full text...

thread Economy

Global economy a mixed bag, horizon uncertain: UNCTAD

04 october 2023 - 11:08:02
Geneva, Switzerland (PANA) - The global economy is at “a critical juncture”, with some economies thriving and expanding, while others [...] Full text...

thread Economy

Diamond producers adapting to rapidly changing landscape

29 august 2023 - 08:00:33
Johannesburg, South Africa (PANA) - The diamond industry has faced multiple challenges leading to a notable shifting of the industry [...] Full text...

thread Economy

World Bank strengthens support to social protection sector in Morocco

13 june 2023 - 10:22:11
Rabat, Morocco (PANA) - The World Bank is providing US$350 million in additional financing to scale up broaden the activities [...] Full text...

thread Society

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

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

thread Economy

Global financial system tested by higher inflation and interest rates: IMF Blog

11 april 2023 - 17:30:36
Washington, DC, US (PANA) - Banking oversight was significantly strengthened after the global financial crisis, in part by requirements for [...] Full text...

thread Economy

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

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

thread Environment

Global economy’s 'speed limit' set to fall to three-decade low: WB report

27 march 2023 - 13:38:19
Washington, DC, US (PANA) - The global economy’s “speed limit”—the maximum long-term rate at which it can grow without sparking [...] Full text...

thread Economy

US Vice President Kamala Harris kicks off first Africa visit

26 march 2023 - 13:36:27
Accra, Ghana (PANA) - US Vice President Kamala Harris kicked  off her first visit to Africa on Sunday when she arrived [...] Full text...

thread Politics

Sub-regions drive African growth in 2022

18 march 2023 - 08:39:06
Cotonou, Benin (PANA) - The sub-regions were the levers of the continent's economic growth in 2022, according to the Economic [...] Full text...

thread Economy

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

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

thread Economy

Global growth forecast to slow to 1.9% in 2023, warn UN economists

26 january 2023 - 05:59:51
New York, US (PANA) - Senior UN economists warned on Wednesday that intersecting crises are likely to add further damage [...] Full text...

thread Economy

Africa picks up economic growth momentum after recession - AfDB

20 january 2023 - 08:51:23
Abidjan, Cote d'Ivoire (PANA) - Africa is set to outperform the rest of the world in economic growth over the [...] Full text...

thread Economy

Libyan PM calls for' wages to be indexed to exchange rates

18 january 2023 - 13:07:48
Tripoli, Libya (PANA) - The Libyan Prime Minister, Abdelhamid al-Dbaiba, has said that salaries must be aligned with exchange rates [...] Full text...

thread Politics

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

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

thread Economy

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

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

thread Economy

Rising inflation, falling wages threaten increased poverty and unrest: ILO

01 december 2022 - 05:41:08
Geneva, Switzerland (PANA) - Rising inflation has caused a striking decline in real monthly wages in many countries, the International [...] Full text...

thread Economy

Currency depreciations risk intensifying global food, energy crisis: World Bank

27 october 2022 - 11:45:41
Banjul, Gambia (PANA) - The shrinking value of the currencies of most developing economies is driving up food and fuel [...] Full text...

thread Economy

Another year of global record hunger looms amid food and climate crisis, warns WFP

14 october 2022 - 05:21:40
Rome, Italy (PANA) - The world is at risk of yet another year of record hunger as the global food [...] Full text...

thread Agriculture

UN Development Programme calls for debt relief now for 54 countries

12 october 2022 - 05:29:17
New York, US (PANA) - Fifty-four countries that are home to more than half of the poorest people on the [...] Full text...

thread Economy

IMF mission reaches agreement with Gambian authorities

05 october 2022 - 10:07:59
Banjul, Gambia (PANA) - An International Monetary Fund (IMF) mission  has reached staff-level agreement with the authorities of Gambia on [...] Full text...

thread Economy

Policy mistakes could trigger worse recession than 2007 crisis: UNCTAD

04 october 2022 - 06:32:11
Geneva, Switzerland (PANA) - The world is headed towards a global recession and prolonged stagnation unless fiscal and monetary policies holding [...] Full text...

thread Economy

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

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

thread Economy

UN urges investment in clean, sustainable tourism, as numbers bounce back

28 september 2022 - 06:16:56
New York, US (PANA) - International tourism is showing strong signs of recovery, with tourist numbers rising to 57 per [...] Full text...

thread Economy

77th UNGA: As global economic crises ‘pile up’, Ghanaian leader says it's time for urgent attention

22 september 2022 - 06:20:01
New York, US (PANA) - It was doubtful that any generation of Earth’s inhabitants has ever witnessed “such a perfect [...] Full text...

thread Politics

IMF says outlook of global economy worsens as global recession looms

26 july 2022 - 20:18:45
Washington, DC, US (PANA) - Still reeling from the COVID pandemic and Russia’s invasion of Ukraine, the global economy is [...] Full text...

thread Economy

UN Report: Global hunger numbers rose to as many as 828 million in 2021

06 july 2022 - 16:49:55
Rome/New York, UN (PANA) - The latest State of Food Security and Nutrition report shows the world is moving backwards [...] Full text...

thread Society

Libya on hold after Geneva meetings end without signature on constitutional document for elections ( Analysis by BA Youssef, PANA correspondent)

30 june 2022 - 19:25:36
Tripoli, Libya (PANA) - The Speaker of the House of Representatives (Parliament), Aguila Saleh, and the chairman of the High [...] Full text...

thread Politics

IMF approves package to mitigate impact of COVID-19 pandemic in Cabo Verde

16 june 2022 - 08:02:23
Washington, DC, US (PANA) - The International Monetary Fund (IMF) on Wednesday approved a 36-month arrangement of US$ 60 million [...] Full text...

thread Economy

Stagflation risk rises amid sharp slowdown in growth – WB report

07 june 2022 - 11:47:32
(EMBARGOED: NOT FOR PUBLICATION, BROADCAST OR TRANSMISSION UNTIL TUESDAY, 7 JUNE, 2022 AT 1:30 PM UTC) Washington, DC, US (PANA) - [...] Full text...

thread Economy

'Morocco recorded 7.9% growth in 2021'

03 june 2022 - 15:22:42
Casablanca, Morocco (PANA) - Morocco's economy grew by 7.9% in 2021 after a deep recession of 7.2% in 2020 due [...] Full text...

thread Economy

Gabon's economy 'gradually recovering' from 2020 recession: IMF

21 may 2022 - 05:50:37
Washington, DC, US (PANA) - The Gabonese economy is gradually recovering from the 2020 recession owing to the efforts undertaken to [...] Full text...

thread Economy

First year of COVID-19 pandemic led to 4.5 million excess deaths - WHO

20 may 2022 - 18:20:52
-Geneva, Switzerland (PANA) - The World Health Organization (WHO) has indicated in its latest comprehensive set of World Health Statistics to [...] Full text...

thread Health

Natural resources must be ‘part of the solution’ in fight against deforestation: FAO

04 may 2022 - 05:57:20
Rome, Italy (PANA) - Between 2010 and 2018, the rate of deforestation worldwide slowed by nearly 30 per cent compared [...] Full text...

thread Environment

Oil once again at the heart of Libya's political conflict

24 april 2022 - 18:52:03
Tripoli, Libya (PANA) - The blockades carried out by so-called demonstrators on various oil production and export sites in Libya [...] Full text...

thread Politics

Mali junta rejects ECOWAS' 'illegal, illegitimate' sanctions

10 january 2022 - 09:52:04
Bamako, Mali (PANA) - Mali's Colonel Assimi Goita-led interim authority has rejected as "illegal and illegitimate," the economic and financial [...] Full text...

thread Politics

Clashes displace thousands in Darfur; 6.2 million will need assistance next year

07 december 2021 - 18:05:29
Geneva, Switzerland (PANA) - With escalating violence displacing thousands of people since November, the humanitarian situation in Sudan’s Darfur is getting worse and around 6.2 million people will [...] Full text...

thread Society

Nigeria's third Quarter GDP grew by 4.03 per cent, says National Bureau of Statistics

18 november 2021 - 18:02:16
Abuja, Nigeria (PANA) – Nigeria’s National Bureau of Statistics (NBS) on Thursday said that the country’s Gross Domestic Product (GDP) [...] Full text...

thread Economy

Sub-Saharan Africa exits recession in 2021 but recovery still vulnerable : World Bank

06 october 2021 - 14:57:38
Washington, DC, US (PANA) - Sub-Saharan Africa is set to emerge from the 2020 recession sparked by the coronavirus (COVID-19) [...] Full text...

thread Economy

African finance ministers, IMF discuss efforts for sustainable, green, and inclusive recovery

01 october 2021 - 16:39:45
Washington, DC, US (PANA) – Financing needs of African countries, especially low-income countries, are expected to remain high in the [...] Full text...

thread Economy

Coronavirus: Global charity sees worst case scenario averted in fighting pandemic, poverty to worsen

17 september 2021 - 17:21:23
Nairobi, Kenya (PANA) - New data reveals the world stepped up to prevent worst-case scenarios from happening following the global [...] Full text...

thread Health

Buhari celebrates Nigeria’s 5% GDP in Q2, assures “there is much to be optimistic about”

26 august 2021 - 18:27:38
Abuja, Nigeria (PANA) – President Muhammadu Buhari on Thursday welcomed the 2nd Quarter (Q2) 2021 report by the Nigerian Bureau [...] Full text...

thread Economy

Challenges are opportunities in Africa despite Covid-19: 2021 Singapore-Africa Business Forum

24 august 2021 - 13:27:33
Singapore (PANA) - The global Covid-19 pandemic should not dampen investor appetite in Africa as the continent remains an investment [...] Full text...

thread Economy

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

22 july 2021 - 13:52:50
Kigali, Rwanda (PANA) - The coronavirus (COVID-19) pandemic has pushed the Rwandan economy into recession in 2020 for the first [...] Full text...

thread Economy

Coronavirus pandemic year marked by spike in world hunger – UN report

12 july 2021 - 15:43:29
Rome, Italy (PANA)  – There was a dramatic worsening of world hunger in 2020, the United Nations said on Monday, [...] Full text...

thread Society

Niger Delta militant group vows renewed attacks on oil, gas installations, politicians

26 june 2021 - 17:27:22
Abuja, Nigeria (PANA) – The fierce Nigerian militant group, Niger Delta Avengers (NDA), on Saturday announced its return from a [...] Full text...

thread Society

Lack of digital infrastructure risks leaving millions of rural families in poverty – IFAD

16 june 2021 - 15:50:00
Rome, Italy (PANA) - Despite a massive increase in migrants sending money home via digital transfers due to the COVID-19 pandemic, [...] Full text...

thread Society

A new $350 million project supports community-based recovery, stability in the Sahel

16 june 2021 - 12:52:01
Washington DC, US (PANA) -  Over 8 million people in the Liptako-Gourma region, a tri-border area in the Sahel spanning [...] Full text...

thread Society

Critical reforms needed to reduce inflation, accelerate recovery in Nigeria - WB report

15 june 2021 - 15:17:49
Abuja, Nigeria (PANA) - While the government took measures to protect the economy against a much deeper recession, it would [...] Full text...

thread Economy

Africa can salvage social, economic fortunes after devastating pandemic - Mo Ibrahim

02 june 2021 - 17:50:22
Dakar, Senegal (PANA) - The coronavirus pandemic presents an opportunity for Africa to reinvent its economic growth plan, a governance think-tank, [...] Full text...

thread Politics

Global trade soars in first quarter, but services still in doldrums: UNCTAD

20 may 2021 - 07:20:48
Geneva, Switzerland (PANA) - Global trade bounced back to a record high early this year, although service industries are still a [...] Full text...

thread Economy

Nigeria: Buhari departs Abuja for France for African Finance Summit

16 may 2021 - 16:24:31
Abuja, Nigeria (PANA) - President Muhammadu Buhari will Sunday depart Abuja for Paris, France, on a four-day official visit to [...] Full text...

thread Politics

Ghanaian President Akufo-Addo to pay working visit to France, Belgium, S. Africa

14 may 2021 - 23:18:41
Accra, Ghana (PANA) - Ghana's President Akufo-Addo will leave Sunday, 16 May, for a nine-day official working visit to France, [...] Full text...

thread Politics

Public development banks urge new financing for Africa’s post-Covid-19 recovery

12 may 2021 - 13:26:33
Abidjan, Cote d’Ivoire (PANA) - A global coalition of public development banks on Tuesday emphasized the urgency of immediate resources [...] Full text...

thread Economy

IMF Staff and Senegal reach staff deal on new 18-month financing plan for US$ 650 million

30 april 2021 - 09:57:08
Dakar, Senegal (PANA) – A team of the International Monetary Fund (IMF) has reached a staff-level agreement with the Senegalese [...] Full text...

thread Economy

Coronavirus: Commodity prices to stabilise after early 2021 gains – World Bank

21 april 2021 - 12:45:30
Washington DC, US (PANA) - Commodity prices continued their recovery in the first quarter of 2021 and are expected to [...] Full text...

thread Economy

UN chief Guterres calls for ‘paradigm shift’ to recover from COVID setbacks

12 april 2021 - 17:34:02
New York, US (PANA) - A “paradigm shift” aligning the private sector with the global goals is needed to address [...] Full text...

thread Economy

Youth Forum: UN chief calls for ‘tangible improvements’ in the face of injustice, poor governance

08 april 2021 - 07:11:13
New York, US (PANA)- Leaders across the world need to “move beyond platitudes” about young people, and deliver a better future [...] Full text...

thread Society

African presidents, global leaders support bold action on climate change adaptation for Africa

07 april 2021 - 13:58:29
Abidjan, Cote d’Ivoire (PANA) - In a historic and united show of solidarity for a continent that contributes only 5% [...] Full text...

thread Environment

Amid recession, sub-Saharan Africa poised for recovery – World Bank

31 march 2021 - 08:13:39
Washington, DC, US (PANA) - Economic growth in Sub-Saharan Africa is estimated to have contracted by 2.0% in 2020, closer [...] Full text...

thread Economy

Coronavirus: WB assessment shows gaps in countries’ readiness to deploy vaccines

18 march 2021 - 14:04:05
Dar es Salaam, Tanzania (PANA) – As countries undertake the largest vaccination campaign in history, results of a World Bank [...] Full text...

thread Health

AfDB President Adesina calls for African financial stabilisation mechanism

16 march 2021 - 14:06:50
Abidjan, Côte d'Ivoire (PANA) - African Development Bank (AfDB) President Akinwumi Adesina, recipient of the 2017 World Food Prize, and [...] Full text...

thread Economy

Africa requires trade, climate-sensitive energy use to drive economic recovery

02 march 2021 - 14:44:15
Addis Ababa, Ethiopia (PANA) - The Economic Commission for Africa has launched a report on Building Forward for an African [...] Full text...

thread Economy

Coronavirus: IMF provides $2.73 million to São Tomé and Príncipe for post-pandemic recovery

27 february 2021 - 11:23:43
Washington, DC, US (PANA) – Though actions by São Tomé and Príncipe authorities and unprecedented international financial support are helping [...] Full text...

thread Economy

Congo expects its economic contraction to ease in 2021 - IMF

27 february 2021 - 07:37:11
Brazzaville, Congo (PANA) – The severe economic contraction experienced in Congo in 2020, due to the Covid-19 pandemic and significant [...] Full text...

thread Economy

Coronavirus: Pandemic situation in Tunisia remains 'worrying' despite drop in deaths, infections

20 february 2021 - 14:19:47
Tunis, Tunisia (PANA) - Tunisia in recent days recorded the lowest deaths and infections of the COVID-19 epidemic, as it [...] Full text...

thread Health

Nigeria exits recession as GDP grows 0.11 per cent in 4th quarter of 2020

19 february 2021 - 06:57:14
Abuja, Nigeria (PANA) – Nigeria’s economy grew by 0.11 per cent in the fourth quarter of 2020, effectively exiting recession. The [...] Full text...

thread Economy

COVID-19 Pandemic pushes Rwanda into recession, severely impacts human capital

10 february 2021 - 13:14:28
Kigali, Rwanda (PANA) - Rwanda’s gross domestic product (GDP) is estimated to have dropped by 0.2 percent in 2020, compared [...] Full text...

thread Economy

Coronavirus: Global health charity leaders optimistic about pandemic response

28 january 2021 - 10:24:02
Nairobi, Kenya (PANA) - The leaders of a global health charity organisation, Bill and Melinda Gates Foundation, have expressed optimism [...] Full text...

thread Health

COVID-19 exacerbates South Africa’s growth, fiscal vulnerabilities - IMF

28 january 2021 - 10:15:57
Tshwane, South Africa (PANA) – The resurgence of infections and the protracted vaccination procurement and distribution processes will likely weigh [...] Full text...

thread Economy

Air travel down 60 per cent, as industry losses top $370 billion: ICAO

16 january 2021 - 08:55:37
Montreal, Canada (PANA) - A new report from the UN’s air transportation agency confirms there was a “dramatic” fall in international [...] Full text...

thread Economy

Tunisia in Top 5 of African economic growth in 2021

12 january 2021 - 15:53:38
Tunis, Tunisia (PANA) - African champions of economic growth in 2021 are Djibouti, Kenya, Tunisia, Rwanda and Botswana respectively, according [...] Full text...

thread Economy

Top UN official says democracy in West Africa ‘a constant process’

12 january 2021 - 06:41:58
New York, US (PANA) - While elections are one-time events, “democracy is a constant process of deliberation and consultation” where [...] Full text...

thread Politics

Kenyan economy registers first recession in two decades

03 january 2021 - 20:34:35
Nairobi, Kenya (PANA) - The Kenyan economy registered its first major decline in two decades, with a 0.4% contraction at [...] Full text...

thread Economy

Senegalese President Macky Sall calls 2020 a particularly trying year

01 january 2021 - 14:02:53
Dakar, Senegal (PANA) -Senegalese President Macky Sall on Thursday underlined the national health context marked by a worrying resurgence of [...] Full text...

thread Politics

The virus that shut down the world: Economic meltdown

30 december 2020 - 11:04:23
New York, US (PANA) - With millions forced to work from home this year, offices and shops closing as part [...] Full text...

thread Economy

Coronavirus: IMF points to sharp drop in economic activity, increased unemployment in Morocco

24 december 2020 - 10:27:47
Rabat, Morocco (PANA) - Morocco’s prompt response has helped contain the fallout from the COVID-19 pandemic, though economic activity has [...] Full text...

thread Economy

Coronavirus: World Bank Group boosts Nigeria’s efforts to reduce poverty

15 december 2020 - 18:10:17
Washington, US (PANA) - The World Bank Group (WBG) discussed a new five-year Country Partnership Framework (CPF) for Nigeria from [...] Full text...

thread Economy

Coronavirus: Pandemic shows ‘urgent need’ for solidarity, UN chief tells Nobel forum

12 december 2020 - 07:05:58
New York, US (PANA) – The Coronavirus pandemic has highlighted the need for global solidarity and greater international cooperation, and [...] Full text...

thread Health

Ghana to consider US$15 billion debt restructuring after polls - Finance advisers

07 december 2020 - 13:41:32
Accra, Ghana (PANA) - Ghana will have to grapple with the need for the restructuring of a massive US$15 billion [...] Full text...

thread Economy

Guterres pledges support for sustainable industrial development in Africa

21 november 2020 - 07:36:30
New York, US (PANA) - The COVID-19 crisis was impacting Africa “well before the pandemic spread across the continent”, the [...] Full text...

thread Economy

Global foreign direct investment halved amid pandemic: UNCTAD

27 october 2020 - 11:22:23
Geneva, Switzerland (PANA) - Foreign direct investment (FDI), a bellwether of globalisation and economic confidence, fell by 49 per cent to [...] Full text...

thread Economy

Mauritius undergoing economic recession

24 october 2020 - 12:50:08
Port-Louis, Mauritius (PA NA) - Mauritian Finance Minister Renganaden Padayachy Friday said the island’s economy had suffered from the national [...] Full text...

thread Economy

Coronavirus: WBG President says extreme poverty may rise by 2021

14 october 2020 - 16:14:03
Washington, US (PANA) -  Desperate inequality is being caused by the COVID pandemic and economic shutdowns, World Bank Group (WBG) [...] Full text...

thread Economy

IMF predicts ‘less severe’ but ‘still deep’ recession in shadow of COVID-19

14 october 2020 - 06:08:48
Washington, DC, US (PANA) - In the shadow of the COVID-19 pandemic and its continuing impact, the global economy could [...] Full text...

thread Economy

Coronavirus: 'Sub-Saharan Africa construction sector to sharply slide into recession'

09 october 2020 - 08:56:24
Nairobi, Kenya (PANA) - The sub-Saharan Africa (SSA) construction sector will sharply slide into recession as COVID-19’s impact on economic [...] Full text...

thread Economy

Coronavirus: WB confirms sub-Sahara Africa’s economic downturn, outlines path for recovery

08 october 2020 - 09:55:18
Washington, US (PANA) - Driven by the economic fallout of the COVID-19 global pandemic, growth in sub-Saharan Africa is predicted [...] Full text...

thread Economy

Coronavirus: Pandemic to add as many as 150 million extreme poor by 2021

07 october 2020 - 16:10:08
Washington, US (PANA) — Global extreme poverty is expected to rise in 2020 for the first time in over 20 [...] Full text...

thread Health

Foreign remittances drop 21% on hardships facing African migrants

06 october 2020 - 23:13:09
Addis Ababa, Ethiopia (PANA) - The coronavirus pandemic has resulted in a 21 per cent drop in foreign financial remittances [...] Full text...

thread Economy

Protect the world from sliding into global recession, urges UN chief

30 september 2020 - 08:07:48
New York, US (PANA) - The economic and social consequences of the COVID-19 pandemic “are as bad as we feared”, [...] Full text...

thread Economy

Tunisia: FAO Regional Conference on Food Systems Transformation to kick off on Sept 21

19 september 2020 - 16:57:53
Tunis, Tunisia (PANA) - “Transforming Food Systems to Achieve Sustainable Development Goals” is the theme of the 35th session of [...] Full text...

thread Agriculture

Economic recession in Tunisia could reach -7% in late 2020

19 september 2020 - 04:51:56
Tunis, Tunisia (PANA) – The former Tunisian minister of Finance, Hakim ben Hamouda, foresees that the economic recession in Tunisia [...] Full text...

thread Economy

President Barrow says ‘reduction of economic activities responsible for slowdown of economic growth’

17 september 2020 - 20:48:17
Banjul, Gambia(PANA) - Gambian President Adama Barrow Thursday attributed the slowdown in the country’s economic growth to a reduction in [...] Full text...

thread

Coronavirus: IOM says enhanced solidarity critical as virus spreads in world’s most vulnerable communities

14 september 2020 - 04:44:01
Geneva, Switzerland (PANA) – Eight months from the onset of the COVID-19 (coronavirus) outbreak, the International Organization for Migration (IOM) [...] Full text...

thread Health

Kenya Airways requires corporate reform to return to profits - Pilots Union

30 august 2020 - 18:49:48
Nairobi, Kenya (PANA) - Financially distressed Kenya Airways has been urged to revise its strategic growth plan in the wake [...] Full text...

thread Economy

Accumulation of problems, deterioration in living conditions in Libyan trigger demonstrations (News analysis by Youssef BA, PANA correspondent)

28 august 2020 - 00:05:42
Tripoli, Libya (PANA) – Libyans, long time bothered by insecurity caused by 14 months of war, have over the past [...] Full text...

thread Politics

2020 AfDB Annual Meetings: A renewed commitment to economic resilience in Africa

26 august 2020 - 17:15:43
Abidjan, Cote d'Ivoire (PANA) - The 55th Annual Meetings of the African Development Bank (AfDB) and the 46th meetings of [...] Full text...

thread Economy

Nigeria's economy contracts by 6.1 per cent in second quarter of 2020

24 august 2020 - 13:03:40
Abuja, Nigeria (PANA) – The Nigerian National Bureau of Statistics (NBS) on Monday announced that the nation’s economy contracted by [...] Full text...

thread Economy

Coronavirus: IFC, UBA to train Ugandan SMEs, financial institutions to face Covid-19 challenges

10 august 2020 - 17:39:54
Kampala, Uganda-(PANA) - The International Finance Corporation (IFC) and the Uganda Bankers Association on Monday announced a partnership to train [...] Full text...

thread Economy

Ravages of acute hunger will likely hit six in 10 in Zimbabwe: WFP

30 july 2020 - 19:21:12
Harare, Zimbabwe (PANA) - The World Food Programme (WFP) is urgently seeking more international support to prevent millions of Zimbabweans [...] Full text...

thread Society

Ghana to launch 100 billion cedis development programme to revitalise economy

23 july 2020 - 21:41:50
Accra, Ghana (PANA) - The Ghana government is set to launch a 100 billion-cedi (USD17.2 billion) development programme to revitalise [...] Full text...

thread Economy

ADF approves UA100.4 million multi-country Covid-19 Response Support for 4 Southern African countries

23 july 2020 - 17:13:21
Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Fund (ADF) on Wednesday approved a UA100.4 [...] Full text...

thread Health

Coronavirus: UN officials call for solidarity, united economic front amid fears of worst recession in decades

23 july 2020 - 06:06:32
New York, US (PANA) - With multilateral cooperation under strain, senior UN officials, Nobel laureates and eminent academic experts, gathered [...] Full text...

thread Economy

Coronavirus: UN relief chief urges G20 to step up to avert ‘cascading crises’ in fragile countries

17 july 2020 - 05:46:48
Geneva, Switzerland (PANA) - The COVID-19 pandemic and resulting recession are set to trigger the first increase in global poverty [...] Full text...

thread Society

COVID-19: ‘Country-driven’ approach needed to limit pandemic damage to food security

15 july 2020 - 06:10:55
Rome, Italy (PANA) - A ‘business as usual' approach is no longer an option, the head of the UN agriculture [...] Full text...

thread Agriculture

COVID-19: Save the Children says 10 million risk not returning to school due lockdowns

13 july 2020 - 11:18:48
Nairobi, Kenya (PANA) - The coronavirus pandemic could force around 9.7 million children out of school forever by the end [...] Full text...

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COVID-19: Tanzania’s economic growth fastest in Eastern Africa - AfDB Report

10 july 2020 - 12:35:19
Dar es Salaam, Tanzania (PANA) – A new report shows Tanzania’s economy is forecast to grow at 5.2 percent in [...] Full text...

thread Economy

Coronavirus: Africa’s growth stands to rebound to 3% in 2021 in post-Covid-19, says AfDB

08 july 2020 - 14:25:17
Abidjan, Cote d'Ivoire (PANA) - Africa’s economic growth could rebound in 2021, provided that governments manage the COVID-19 infection rate [...] Full text...

thread Economy

Tunisia underlines increasing interest for African integration

06 july 2020 - 23:41:08
Tunis, Tunisia (PANA) - Tunisia Monday reaffirmed its interest for African integration which represents a complementary and progressive vision for [...] Full text...

thread Politics

'Bold and creative’ solutions needed for a sustainable, post-pandemic economy – UN Chief

02 july 2020 - 06:44:13
New York, US (PANA) - Unless the world acts now, the COVID-19 pandemic and accompanying global recession, will trigger “years [...] Full text...

thread Society

COVID-19: IMF official tips African oil exporters on extraordinary challenges ahead

01 july 2020 - 06:40:02
Dakar, Senegal (PANA) - The economic toll of COVID-19, both through lockdowns and external shocks, will have a staggering effect [...] Full text...

thread Economy

Zimbabwe ban on trading of stocks and mobile money transactions to have dire economic consequences (Analysis by Correspondent Tatira Zwinoira)

27 june 2020 - 19:26:18
Harare, Zimbabwe (PANA) - Zimbabwe government on Saturday took the unprecedented move to ban trading on the Zimbabwe Stock Exchange [...] Full text...

thread Economy

Coronavirus: AfDB approves 100.5-million-euro budget support for COVID-19 fight in Gabon

26 june 2020 - 18:43:02
Libreville, Gabon (PANA) - The Board of Directors of the African Development Bank (AfDB) has approved a 100.5-million-euro loan to [...] Full text...

thread Health

Coronavirus: Economic recovery will be slower following ‘crisis like no other’, IMF predicts

25 june 2020 - 04:34:21
Washington, DC, US (PANA) -Economic recovery from the COVID-19 pandemic is projected to be more gradual than previously forecast, according [...] Full text...

thread Economy

Coronavirus: Building urban evidence base on social and economic impacts of COVID-19 in Sub-Saharan Africa

23 june 2020 - 17:34:28
Paris, France (PANA) - UNESCO is launching a partnership with the Canadian Covid 19 Social Impacts Network and Metropolis Canada [...] Full text...

thread Health

IFC invests in Nigeria's Zenith Bank to support SMEs, tackle Covid-19-related challenges

18 june 2020 - 14:04:24
Lagos, Nigeria (PANA) - The International Finance Corporation (IFC) has announced an investment of up to US$100 million in Nigeria’s [...] Full text...

thread Economy

Covid-19 forces Brazil to withdraw bid to host 2023 Women's World Cup due to financial impact

09 june 2020 - 18:37:57
Zurich, Switzerland (PANA) - Brazil has withdrawn its bid to host the 2023 Fifa Women's World Cup, citing the debilitating [...] Full text...

thread Sports

COVID-19 to plunge global economy into worst recession since World War II: WB Report

08 june 2020 - 15:43:31
Washington, US (PANA) - The swift and massive shock of the coronavirus pandemic and shutdown measures to contain it have [...] Full text...

thread Economy

Efforts in fight against COVID-19 highlighted in Rwandan dailies this week

06 june 2020 - 18:57:53
Kigali, Rwanda (PANA) - High-level discussions to fight coronavirus including the latest conversation between Rwandan President Paul Kagame and Indian [...] Full text...

thread Press Review

Coronavirus: Top UN official says ‘unprecedented’ financing needed to halt recession of ‘unparalleled proportions’

03 june 2020 - 05:56:56
New York, US (PANA) - As COVID-19 has halted economic activity and threatens social wellbeing across the globe, the UN [...] Full text...

thread Economy

Niger: Government sets agro-pastoral campaign plan for 39,233,618,301 CFAF for 2020-2021

01 june 2020 - 22:25:41
Niamey, Niger (PANA) - The minister of Agriculture, Albadé Abouba, Monday told parliament here that the Nigerien government had prepared [...] Full text...

thread Agriculture

Coronavirus: Niger president says pandemic should lead to implementation of new paradigm in global governance

20 may 2020 - 16:09:13
Niamey, Niger (PANA) - The COVID-19 crisis should lead to implementation of a new paradigm in global governance, Nigerien President [...] Full text...

thread Health

COVID-19: Africa must act now to avoid a catastrophe, say rights chiefs

20 may 2020 - 13:38:18
Geneva, Switzerland (PANA)  – Human rights chiefs from the United Nations and the African Commission on Human and Peoples’ Rights [...] Full text...

thread Health

Coronavirus: World economy to shrink by 3.2 per cent, new UN report projects

14 may 2020 - 05:18:22
New York, US (PANA) - Against the backdrop of the raging COVID-19 (coronavirus) pandemic, the world economy in 2020 is [...] Full text...

thread Economy

COVID-19: Egypt’s growth to slow sharply in 2020 on coronavirus - EBRD report

13 may 2020 - 13:18:23
Cairo, Egypt (PANA) – Egypt’s economy will slow sharply this year because of the impact of the coronavirus, but will [...] Full text...

thread Economy

UN appeals for US$6.7 billion to protect millions of lives, stem COVID-19 spread in fragile countries

07 may 2020 - 15:21:21
Geneva, Switzerland (PANA) - The UN’s Humanitarian Chief, Mark Lowcock on Thursday  called for swift and determined action to avoid [...] Full text...

thread Health

Coronavirus: G5 Sahel presidents call for help

28 april 2020 - 23:43:18
Nouakchott, Mauritania (PANA) - The G5 Sahel presidents Tuesday made a solemn appeal for international solidarity to help the sub-region [...] Full text...

thread Politics

Coronavirus: WAEMU to issue Covid-19 vouchers for mobilizing resources

28 april 2020 - 15:33:31
Ouagadougou, Burkina Faso (PANA) - The West African Economic and Monetary Union (WAEMU) will issue coupons to deal with the [...] Full text...

thread Economy

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

Coronavirus: World Bank predicts sharpest decline of remittances in recent history

22 april 2020 - 15:56:07
Washington, US (PANA) - Global remittances are projected to decline sharply by about 20  percent in 2020 due to the [...] Full text...

thread Economy

COVID-19 pandemic bolsters case for technology-based economic resilience

17 april 2020 - 18:39:54
Abidjan, Cote d'Ivoire (PANA) - As the COVID-19 pandemic continues to have a devastating impact globally, the African continent, while [...] Full text...

thread Sciences

Coronavirus: UN chief calls for greater protection for children caught up in COVID-19 crisis

16 april 2020 - 19:34:01
New York, US (PANA) - The looming global recession resulting from the COVID-19 pandemic could cause hundreds of thousands of [...] Full text...

thread Health

Negative consequences expected on Tunisian economy due to Covid-19

15 april 2020 - 22:57:02
Tunis, Tunisia (PANA) - The Tunisian government is facing a precarious economic situation due to a deterioration of the global [...] Full text...

thread Economy

Coronavirus: IMF predicts unprecedented contraction in Tunisia's growth rate

11 april 2020 - 18:20:20
Tunis, Tunisia (PANA) - The Tunisian economy is expected to contract by 4.3% in 2020 as a result of COVID-19, [...] Full text...

thread Economy

Coronavirus: IGAD Finance Ministers commit to contribute to Emergency Fund

10 april 2020 - 17:29:47
Khartoum, Sudan (PANA) - The Executive Secretary of the Inter-governmental Authority on Development (IGAD), Dr Workneh Gebeyehu, on Thursday held [...] Full text...

thread Society

'Coronavirus-driven debt crisis threatens poor countries already at risk'

10 april 2020 - 07:26:08
New York, US (PANA) - As governments struggle to cope with the COVID-19 (coronavirus) pandemic, billions of people living in [...] Full text...

thread Economy

Coronavirus: Morocco draws on precautionary instrument with IMF to address pandemic

09 april 2020 - 09:41:17
Washington, US (PANA) - Moroccan authorities have drawn on all resources available under the current ‘Precautionary and Liquidity Line’ (PLL) [...] Full text...

thread Economy

COVID-19 drives sub-Saharan Africa toward first recession in 25 years – World Bank

09 april 2020 - 08:56:18
Washington, US (PANA) - Growth in sub-Saharan Africa has been significantly impacted by the ongoing COVID-19 (coronavirus) outbreak and is [...] Full text...

thread Economy

Libya more than ever plunged into chaos a year after military offensive against Tripoli

03 april 2020 - 21:50:32
Tripoli, Libya (PANA)  - The military offensive launched by the chief of the Libyan national army, Marshall Khalifa Haftar, to [...] Full text...

thread Politics

AfDB releases US$2 million for coronavirus crisis handling in Africa

01 april 2020 - 18:22:20
Abidjan, Cote d’Ivoire (PANA) - The African Development Bank on Tuesday approved  US$2 million in emergency assistance for the World [...] Full text...

thread Economy

Coronavirus: Zimbabwe government moves to contain COVID-19

31 march 2020 - 16:11:04
Harare, Zimbabwe (PANA) - Zimbabwe is currently under a 21-day lockdown that began on Monday to minimize the spread of [...] Full text...

thread Economy

Coronavirus: $2.5 trillion rescue package needed for world’s emerging economies, says UNCTAD

30 march 2020 - 17:55:20
Geneva, Switzerland (PANA) - The economic fallout from COVID-19 (coronavirus) is likely to get “much worse” before it gets better [...] Full text...

thread Economy

Coronavirus: AfDB launches $3 billion to alleviate virus' economic, social impact

29 march 2020 - 13:22:30
Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) says it has raised "an exceptional" $3 billion in a [...] Full text...

thread Economy

Coronavirus: UNDP says Sudan should increase spending on government following COVID-19

24 march 2020 - 21:28:34
Khartoum, Sudan (PANA) - The United Nations Development Programme (UNDP) has advised the Government of Sudan to adopt an expansionary [...] Full text...

thread Health

How the coronavirus could affect Zimbabwe's already failing economy (By Tatira Zwinoira, PANA Correspondent)

18 march 2020 - 20:22:07
Harare, Zimbabwe (PANA) - Zimbabwe's President Emmerson Mnangagwa, finally declared the coronavirus (COVID-19) a national disaster on Tuesday. This came as [...] Full text...

thread Economy

Coronavirus: Nigeria's president says govt will protect citizens from effects of virus

18 march 2020 - 10:36:00
Abuja, Nigeria (PANA) - Nigeria’s President Muhammadu Buhari says that the government has analysed the economic problems that may come [...] Full text...

thread Society

Nigerian economy grew by 2.27 per cent in 2019

24 february 2020 - 17:07:39
Abuja, Nigeria (PANA) – Nigeria’s National Bureau of Statistics (NBS) on Monday said that the national economy grew by 2.27 [...] Full text...

thread Economy

World Bank to downgrade Zimbabwe's economic growth for 2020

14 february 2020 - 17:21:15
Harare, Zimbabwe (PANA) - The World Bank is expected to downgrade its gross domestic product (GDP) growth projection for Zimbabwe [...] Full text...

thread Economy

Berlin conference on Libya: a meeting with high stakes to achieve peace (News analysis by Youssef Ba, PANA correspondent)

19 january 2020 - 12:18:35
Tripoli, Libya (PANA) – Libyans on Sunday have their eyes riveted on the German capital, Berlin, which hosts the international [...] Full text...

thread Politics

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

16 january 2020 - 19:49:48
New York, USA (PANA) – The United Nations (UN) says despite the gross domestic product (GDP) of Africa inching up [...] Full text...

thread Economy

Zimbabwe President cuts short vacation to meet with Presidential Advisory Council

10 january 2020 - 16:59:10
Harare, Zimbabwe (PANA) - Zimbabwe President Emmerson Mnangagwa briefly ended his annual leave to meet with representatives of his Presidential [...] Full text...

thread Economy

Nigerian president says resolution of conflicts key to Africa's development

11 december 2019 - 12:34:41
Abuja, Nigeria (PANA) – Nigeria’s President, Muhammadu Buhari, on Wednesday said that the resolution of conflicts in African countries remains [...] Full text...

thread Politics

Electoral Violence and other threats to democracy in Africa (By Paul Ejime (PANA Guest Writer)

10 december 2019 - 10:38:32
Abuja, Nigeria (PANA) - The disturbing images of violent activities that saturated the social media space during the recent governorship [...] Full text...

thread Politics

Kagame congratulates Namibian president Geingob on his re-election

02 december 2019 - 10:12:44
Kigali, Rwanda (PANA) - Rwandan President Paul Kagame on Sunday congratulated Hage Gottfried Geingob on his re-election as Namibian president. Kagame [...] Full text...

thread Politics

Mauritius: Cimate change fast emerging as priority for many countries - Central bank governor

30 november 2019 - 09:16:14
Flic-en-Flac, Mauritius (PANA)   -  The governor of the Bank of Mauriius,Yandraduth Googoolye, Friday told banks and financial institutions that “extreme [...] 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

Zimbabwean gov't announces hyperinflationary accounting for businesses

14 october 2019 - 16:47:28
Harare, Zimbabwe (PANA) - Zimbabwe's government has officially adopted ‘hyperinflationary reporting’ for firms in crafting financial statements due to spiraling [...] Full text...

thread Economy

Zimbabwe economy to contract 3.1 percent, Fitch Solutions

09 october 2019 - 21:25:18
Harare, Zimbabwe (PANA) - The Zimbabwean economy will contract by 3.1 percent this year owing to government reforms adversely affecting [...] Full text...

thread Economy

Buhari gives Economic Advisory Council 10 years to lift 100m Nigerians out of poverty

09 october 2019 - 15:26:43
Abuja, Nigeria (PANA) – Nigeria’s President Muhammadu Buhari on Wednesday held his first meeting with the newly constituted Presidential Economic [...] Full text...

thread Economy

Congo forecasts real GDP growth of 2.6 percent in 2020

08 october 2019 - 12:30:12
Brazzaville, Congo (PANA) –  The Congolese government is forecasting real gross domestic product (GDP) growth of 2.6 percent in 2020 [...] Full text...

thread Economy

Mnangagwa says Zimbabwe focuses on production to stimulate the economy

01 october 2019 - 13:38:49
Harare, Zimbabwe (PANA) - Zimbabwe President Emmerson Mnangagwa has said  the turnaround of the economy hinges on focused support for [...] Full text...

thread Economy

Guterres urges Zimbabwe President Mnangagwa to pursue reforms

27 september 2019 - 05:32:45
New York, USA (PANA) – United Nations Secretary General Antonio Guterres has urged Zimbabwe President Emmerson Mnangagwa to pursue inclusive [...] Full text...

thread Politics

'Sanctions stifling us', Zimbabwe President Mnangagwa tells the world

26 september 2019 - 19:25:51
New York, USA (PANA) - Zimbabwe President Emmerson Mnangagwa continued with his predecessor’s, the late former President Robert Mugabe, rhetoric [...] Full text...

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IMF mission visits Congo

18 september 2019 - 14:14:45
Brazzaville, Congo (PANA) – A staff mission  from the International Monetary Fund (IMF) on Wednesday arrived in Brazzaville to conduct [...] Full text...

thread Economy

First Agricultural Science Exchange Forum opens in Mauritius

12 september 2019 - 13:50:41
Port Louis, Mauritius (PANA) – Mauritian Agro-industry and Food Security minister Mahen Seeruttun on Thursday said that “Mauritius is among [...] Full text...

thread Agriculture

Congolese govt presents budgetary objectives for 2020-2022 to Parliament

13 august 2019 - 20:51:13
Brazzaville, Congo (PANA) - Congolese Prime Minister Clement Mouamba on Tuesday presented the medium-term budgetary framework 2020-2022 to parliamentarians in [...] Full text...

thread Economy

Nigerian Senate confirms Emefiele for another 5-year term as Central Bank Governor

16 may 2019 - 18:53:41
Abuja, Nigeria (PANA) – The Nigerian Senate on Thursday confirmed Mr Godwin Emefiele as Governor of the Central Bank of [...] Full text...

thread Politics

President Buhari praises AfDB for funding Nigerian out of economic recession

25 april 2019 - 23:22:20
Abuja, Nigeria (PANA)   -   Nigerian President Muhammadu Buhari Thursday praised the African Development Bank (AfDB) currently implementing 60 projects worth [...] Full text...

thread Economy

UN Secretary General to co-chair special session to raise $50 billion to revive Lake Chad

23 april 2019 - 20:26:21
Abuja, Nigeria (PANA)  -  Nigeria’s President Muhammadu Buhari Tuesday said he welcomed the acceptance of the United Nations Secretary-General, Antonio [...] Full text...

thread Society

Economic, political policies in Zimbabwe; keeping US investors away - US Envoy

12 april 2019 - 21:59:00
Harare, Zimbabwe (PANA) - The American ambassador to Zimbabwe, Brian Nichols, says the Zimbabwean government's economic and political policies are [...] Full text...

thread Economy

World Bank downgrades growth forecasts for Sub-Saharan Africa

11 april 2019 - 13:37:53
Dakar, Senegal (PANA) –  Growth recovery  in Sub-Saharan Africa has remained fragile in recent years, said the World Bank as [...] Full text...

thread Economy

IMF predicts recession in Zimbabwe for 2019

10 april 2019 - 21:39:53
Harare, Zimbabwe (PANA) - The International Monetary Fund (IMF) has revised Zimbabwe's growth forecast downwards by a whopping 9 percentage [...] Full text...

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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

Libya records 3.9% budget excess - WB

02 april 2019 - 21:42:32
Tripoli, Libya (PANA) – A World Bank report issued Tuesday said Libya’s oil receipts and taxes from sales of currencies [...] Full text...

thread Economy

2ND LEAD: Nigeria's main opposition party rejects result of presidential election

27 february 2019 - 05:44:01
Abuja, Nigeria (PANA) – Nigeria's main opposition Peoples' Democratic Party (PDP), whose candidate lost Saturday's presidential election to President Muhammadu Buhari [...] Full text...

thread Politics

Budget shows South Africa heading for serious economic and political trouble - Report

23 february 2019 - 16:19:11
Gaborone, Botswana (PANA)   South Africa is sailing into very serious political and economic trouble, the South African Institution of Race [...] Full text...

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Nigeria's GDP grows higher than expected in fourth quarter of 2018

12 february 2019 - 20:14:07
Abuja, Nigeria (PANA) – Nigeria’s Bureau of Statistics (NBS) on Tuesday said that the nation’s economy received a positive performance [...] Full text...

thread Economy

IMF outlook indicates over 5 percent growth of Sub-Saharan economies in 2019-20

22 january 2019 - 13:58:48
Dar es Salaam, Tanzania (PANA) – Growth in sub-Saharan Africa is expected to pick up from 2.9 percent in 2018 [...] Full text...

thread Economy

Sub-Saharan Africa's economic growth strong in 2018-Review

07 january 2019 - 10:59:48
Nairobi, Kenya (PANA) - Sub-Saharan Africa's economic growth remained relatively strong in 2018 with preliminary data indicating that the region [...] Full text...

thread Economy

IMF addresses South Africa's economic challenges

20 december 2018 - 07:10:04
Cape Town, South Africa (PANA) - International Monetary Fund (IMF) managing director Christine Lagarde who is on a fact-finding trip [...] Full text...

thread Economy

Take-home pay growing at lowest level since 2008, as gender-gap persists: ILO

27 november 2018 - 03:41:53
Geneva, Switzerland (PANA) - Wages grew higher and faster in less well-off countries last year than in richer nations, but [...] Full text...

thread Economy

Congo’s non-oil sector wallows in deep recession – IMF team

14 november 2018 - 19:26:38
Brazzaville, Congo (PANA) – Congo’s stabilizing economic activity reflects diverging trends in the local oil and non-oil sectors, according to [...] 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

Ratings agency flags South Africa's jittery economy

26 october 2018 - 19:41:52
Cape Town, South Africa (PANA) - International Ratings Agency, Moody's, on Friday said a weaker fiscal outlook in South Africa's [...] Full text...

thread Economy