Cape Town, South Africa (PANA) - The South African government is suing Huawei Technologies for exceeding the number of foreigners it is allowed to employ in the country, an official source said here Monday. The Chinese telecommunications giant has about 90 per cent foreign nationals at its South African operation, including [...] Full text...

Paris, France (PANA) - Proparco, a subsidiary of the French development agency (AFD) dedicated to the private sector, will contribute 30 million dollars to the Pan-African fund - AfricInvest IV - to support the development of consumer-oriented, strong and local regional businesses across Africa. "This project should contribute to the achievement [...] Full text...

Libreville, Gabon (PANA) - The resident representative of the International Monetary Fund (IMF) in Gabon, Marcos Poptawsky Ribeiro, revealed in Libreville on Saturday that weak competition is undermining economies in sub-Saharan Africa and that conditions must be created for a stimulating competition.   The senior IMF official considers that whole swathes of [...] Full text...

Kigali, Rwanda (PANA) - Rwanda's gross domestic product (GDP) expanded 12.2 percent year on year in the second quarter of 2019 to 2,255 Billion Frw (about 2,5 Billion USD), up from 2,001 Billion Frw (2,2 Billion USD) during the same period of 2018, the National Institute of Statistics (NIS) showed [...] Full text...