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Banjul, Gambia (PANA) - The Government of The Gambia, through the Ministry of Finance and Economic Affairs, has secured substantial budget support from esteemed international partners. The financial support comprised $40,500,000 from the World Bank Group; $$6,700,000 from the African Development Bank; and €12,000,000 from the European Union. A statement made available [...]
©- - 29 december 2023 - 18:01:24 - thread Economy (341 words)


Banjul, Gambia (PANA) - Buah Saidy, Governor of the Central Bank of The Gambia, has stated that the Gambian economy continues its strong recovery path, aided by robust consumer demand, recovery in tourism, and buoyant public and private sector investments. Speaking at the Monetary Policy Committee (MPC) of the Central Bank [...]
©- - 30 november 2023 - 18:27:54 - thread Economy (784 words)


Banjul, to helpGambia (PANA)- The World Bank board has approved $60 million in financing from the International Development Association (IDA) to support the Government of The Gambia's efforts to unlock its productive potential. The assistance is to help strengthen procurement, economic governance of SOEs and domestic revenue mobilization, and strengthen climate [...]
©- - 21 november 2023 - 13:44:04 - thread Economy (518 words)


Banjul, Gambia (PANA) - The International Monetary Fund (IMF), in collaboration with the Ministry of Finance and Economic Affairs and the Central Bank of The Gambia, has launched the joint in-country April 2023 Regional Economic Outlook (REO) for Sub-Saharan Africa. The REO is the flagship bi-annual publication of the IMF's African [...]
©- - 15 june 2023 - 17:26:00 - thread Economy (605 words)


Banjul, Gambia (PANA) -The Gambia's economy has displayed remarkable resilience in the face of global economic challenges, according to the Third Gambia Economic Update. Despite a sluggish global environment, the country's real GDP grew by 4.3 per cent in 2022, signaling a continued recovery from the impact of the COVID-19 pandemic. "We [...]
©- - 06 june 2023 - 14:36:25 - thread Economy (536 words)


Banjul, Gambia (PANA) - Mr. Ivohasina Razafimahefa, IMF Mission Chief for the Gambia, has disclosed that the West African nation has for the first time reached the final stage of the Fund's programme on a positive note.   He disclosed at  State House Friday where the Mission expressed confidence to proceed with [...]
©- - 24 march 2023 - 17:45:12 - thread Economy (433 words)


Banjul, Gambia (PANA) - Gambian  President Adama Barrow has stated that despite the significant impact of the COVID-19 pandemic on the Gambian economy, growth rebounded to 4.5 per cent in 2021. “Although the growth remained below the pre-pandemic levels, it was still significant, however, the slowdown of business activities in 2020 and [...]
©- - 16 september 2022 - 18:07:39 - thread Economy (607 words)


Bujumbura, Burundi (PANA) - The Central Bank of Burundi on Wednesday alerted the public to the existence of new investment activities and marketing of cash or electronic money "in fraudulent pyramid schemes", holding out the prospect of high short-term returns to members. The Bank of the Republic of Burundi (BRB) said [...]
©- - 20 january 2021 - 14:23:07 - thread Economy (286 words)


Tunis, Tunisia (PANA) - Tunisia and the Kuwait Fund for Arab Economic Development on Tuesday signed a financing agreement worth about 30 million Kuwaiti dinars, or 263 million Tunisian dinars, for improvement of drinking water networks in the country's urban areas. The finance granted to the Tunisian Water Company is in [...]
©- - 30 december 2020 - 15:01:52 - thread Economy (219 words)


Brazzaville, Congo (PANA) - A group of banks has put in place 300 billion FCFA to support Congolese companies, the CEO of BGFI, Henri Claude Oyima, announced on Monday a meeting with President Denis Sassou-Nguesso. According to Oyima, these banks are united in an economic interest group called Club de Brazzaville.  According [...]
©- - 21 september 2020 - 15:34:38 - thread Economy (302 words)


Cape Town, South Africa (PANA) – Less than a year after it announced it was opening a new office in Mauritius and entering into an alliance with Assefa & Associates Law Office in Ethiopia, a South African company on Monday announced that it is expanding into Malawi and Zambia. Despite the [...]
©- - 01 june 2020 - 15:48:55 - thread Economy (245 words)


Brazzaville, Congo (PANA) - Congo state budget resources have fallen by a little more than half, or 50.22 percent, from 2175 to 1083 billion CFA francs due to the fall in the price of oil and the health crisis caused by the coronavirus pandemic, government spokesman Thiery Moungalla announced on [...]
©- - 23 april 2020 - 14:49:26 - thread Economy (538 words)


Gaborone, Botswana (PANA) -- Botswana headquartered micro financing company Letshego has appointed a new group chief executive officer. The Botswana Stock Exchange (BSE) listed company on Wednesday said it has appointed Andrew Fening Oka to lead the 11 market strong pan-African lender. “I am confident Andrew will bring the leadership, vision and [...]
©- - 15 january 2020 - 13:40:46 - thread Economy (199 words)


Brazzaville, Congo (PANA) - Congolese MPs on Wednesday aproved the draft law authorizing the ratification of the framework agreement signed between the government and the French Development Agency (AFD), intended for France to provide its share of financing to help Congo restore its budget balance. The framework arrangement which MPs have [...]
©- - 04 december 2019 - 17:39:53 - thread Economy (365 words)


Gaborone, Botswana (PANA)  -  The Bank of Botswana announced here Saturday that, pursuant to Section 11(4) of the Banking Act (Cap. 46:04), the Bank of India (Botswana) Limited has surrendered with immediate effect its banking license. The surrender follows the acquisition of the Bank of India (Botswana) by First Capital Bank [...]
©- - 30 november 2019 - 13:47:05 - thread Economy (140 words)


Gaborone, Botswana (PANA) - Following a Board Meeting held in Gaborone on Thursday, 21 Nov., 2019, African Guarantee Fund for Small and Medium-sized Enterprises (AGF) has announced its intent to establish geographical presence in Botswana. This move would see Botswana become AGF’s Southern African hub, from where the pan-African guarantee fund [...]
©- - 21 november 2019 - 21:01:39 - thread Economy (606 words)


Abidjan, Côte d'Ivoire (PANA) - The Africa Finance Corporation (AFC), the multilateral institution for financing infrastructure development in Africa, has issued a fourth Euro-bond worth US$ 500 million, with a maturity of ten years, according to a communiqué sent Wednesday to PANA. It said it is a senior unsecured euro-bond with [...]
©- - 06 november 2019 - 17:37:54 - thread Economy (287 words)


Brazzaville, Congo (PANA) - The Congolese Finance and Budget Minister, Calixte Nganongo, said Thursday in Brazzaville that the e-pay Congo platform has been launched to facilitate formalities and the payment of duties and taxes for taxpayers. "The e-pay platform, which connects the public and private service provider and the payment solution [...]
©- - 11 october 2019 - 16:50:30 - thread Economy (266 words)


Abidjan, Cote d'Ivoire (PANA)   -   FairMoney, a Paris-based French Fintech, announced here Monday a ten-million-euro fundraiser from Flourish Ventures, the US venture capital fund, partners of DST Global, and historical investors - Newfund, Speedinvest and The VC Studio, said official sources here. This fund will be used to begin a rapid [...]
©- - 16 september 2019 - 20:59:32 - thread Economy (404 words)


Abidjan, Côte d'Ivoire (PANA)    -   The investment company, Arise B.V, is now a shareholder of the Pan-African banking group, Ecobank Transnational Incorporated (ETI), a communiqué issued here Wednesday and received by PANA said. The move followed the completion of sales of shares of the International Financial Corporation (IFC) by the company [...]
©- - 28 august 2019 - 21:10:43 - thread Economy (251 words)


Brazzaville, Congo (PANA)    -   Congo's net foreign assets increased by 140.3 percent in the first quarter of 2019, compared to the sharp decline recorded over the past four years, according to the Monetary and Financial Committee that just met in the Congolese capital. The level of the country's foreign exchange reserves [...]
©- - 14 august 2019 - 21:09:48 - thread Economy (470 words)


Kigali, Rwanda (PANA) - Rwanda main stock market edged down on Monday, led by banking and other consumer stocks The stock exchange benchmark indexes RSI and ALSI were down 1.42 and 0.23 points, closed the day at 125.24 and 135.88 points respectively. In the Banking sector, Bank of Kigali (BK) counter [...]
©- - 29 july 2019 - 18:20:20 - thread Economy (210 words)


Kigali, Rwanda (PANA) -  Rwanda main stock market fell Friday due to the relatively low selling of shares in the banking group.   The stock exchange benchmark indexes RSI and ALSI were down 0.24 and 0.20 points, close the day at 126.67 and 136.11 points respectively.    In the Banking sector, Bank of Kigali [...]
©- - 26 july 2019 - 16:28:26 - thread Economy (219 words)


Kigali, Rwanda (PANA) -  French Development Agency (AFD), a public financial institution headquartered in Paris, on Thursday signed a cooperation agreement with Rwanda's Bank of Kigali to help boost  innovation support to technology business incubators. It is expected that AFD will provide the Rwandan bank non-sovereign loans to the tune of [...]
©- - 20 june 2019 - 15:21:07 - thread Economy (232 words)


Nouakchott, Mauritania (PANA)   -   A four-day workshop on trade finance and digital financial services to support inclusive growth in Mauritania began here Tuesday, an official source told PANA. The event, hosted by the Chamber of Commerce, Industry and Agriculture of Mauritania (CCIAM) is being organized by the Central Bank of Mauritania [...]
©- - 11 june 2019 - 23:19:47 - thread Economy (349 words)


Kigali, Rwanda (PANA) -  Rwanda main stock market closed lower on Tuesday, after several days in stable gains   The stock exchange benchmark indexes RSI and ALSI were down 0.24 and 0.04 points, close the day 16,000.86127.76 and 135.26 points respectively.   In the Banking sector, Bank of Kigali (BK) counter closed at Frw [...]
©- - 28 may 2019 - 21:52:31 - thread Economy (209 words)


Kigali, Rwanda (PANA) -   Rwandan equities counters closed almost flat on Wednesday due to a short selling of shares, according to the Capital Market report obtained by PANA in Kigali.   The benchmark stock market index RSI and ALSI remained constant for the third consecutive day to close at 128.05 and 136.33 [...]
©- - 22 may 2019 - 21:02:32 - thread Economy (183 words)


Kigali, Rwanda (PANA) -  Rwanda's benchmark stock indexes edged slightly down 0.24 and 0.04 points on Monday, to close the day at 128.05 and 136.33 respectively.   The US dollar traded at an average of 893.37 Rwandan francs, compared with an average of 892.95 francs last Friday   The market report indicated that Monday’s [...]
©- - 20 may 2019 - 18:43:26 - thread Economy (162 words)


Kigali, Rwanda (PANA) -  Rwanda's stock market edged down on Wednesday, led by banking, brewery, telecommunication and media  groups. The benchmark stock market index RSI and ALSI closed down at 0.24 and 0.04 points respectively. The US dollar traded at an average of  892.95 Rwandan francs compared with an average of 901.69 [...]
©- - 15 may 2019 - 15:46:41 - thread Economy (167 words)


Kigali, Rwanda (PANA) -  Rwandan equities counters closed almost flat on Friday due to a short selling of shares, according to the Capital Market report obtained by PANA in Kigali. The benchmark stock market index RSI and ALSI remained constant for the third consecutive day to close at 125.44 and 135.91 [...]
©- - 10 may 2019 - 16:07:07 - thread Economy (189 words)


Kigali, Rwanda (PANA) - The Monetary Policy Committee (MPC) of the Central Bank of Rwanda on Monday cut its benchmark interest rate from 5.5 percent to 5 percent due to positive changes in the Rwandan economy.   The Governor of Rwanda's Central Bank, John Rwangombwa, told reporters in Kigali that the move [...]
©- - 06 may 2019 - 19:54:16 - thread Economy (197 words)


Kigali, Rwanda (PANA) - Rwanda's stock market remained unchanged on Tuesday with the benchmark stock market index RSI and ALSI constant to close at 124.81 and 135.81 respectively.   The US dollar traded at an average of 891.67 Rwandan franc during a trading session which recorded a total of Frw 25,000 from [...]
©- - 30 april 2019 - 18:43:26 - thread Economy (212 words)


Kigali, Rwanda (PANA)  -   The Rwanda's stock market's benchmark index RSI and ALSI were Friday down 0.24 and 0.04 points, and closed the fourth day of the week with 124.56 and 135.77 respectively, compared to the previous trading session. The US dollar traded at an average of 890.86 Rwandan franc, compared [...]
©- - 26 april 2019 - 23:55:10 - thread Economy (262 words)


Kigali, Rwanda (PANA) -  Rwanda's stock market on Thursday remained stable with large outstanding shares but without bids at the end of the formal trading hours. The US dollar traded at an average of 890.96 Rwandan franc compared with an average of 891.21 Rwandan franc yet all eight selected companies saw [...]
©- - 25 april 2019 - 18:41:44 - thread Economy (239 words)


Kigali, Rwanda (PANA) -  Rwandan share values rose by 0.24 percent on Tuesday with the benchmark stock market index RSI opening on 124.82 and closing on 125.06 points. A total of all eight selected companies saw their shares gain value in the day, whereby the turnover on the first trading day [...]
©- - 23 april 2019 - 13:05:17 - thread Economy (292 words)


Kigali, Rwanda (PANA) -  Rwanda's stock market closed lower on Thursday after several days of stability. The Rwanda's stock market's benchmark index RSI and ALSI were down 0.49 and 0.08 points, and closed the day with 124.81 and 135.81 respectively, compared to the previous trading session. The US dollar traded at an [...]
©- - 18 april 2019 - 13:17:22 - thread Economy (299 words)


Bamako, Mali (PANA) - A high-powered Malian delegation led by Economy and Finance Minister Boubou Cissé left here Thursday for Casablanca, Morocco, to attend the 6th edition of the International Forum on Africa Development on March 14-15, an official source told PANA. The meeting, under the theme "When East meets West", [...]
©- - 14 march 2019 - 21:30:32 - thread Economy (135 words)


Addis Ababa, Ethiopia, (PANA) – Ethiopia is implementing reforms to broaden the participation of the private sector in the country’s economy as well as increase competitiveness as it seeks to create decent jobs for its populace, Finance minister Ahmed Shide said.   Unemployment, according to the minister, remains an issue in Ethiopia [...]
©- - 07 march 2019 - 16:21:57 - thread Economy (566 words)


Dakar, Senegal (PANA) - The Board of Directors of the Arab Bank for Economic Development in Africa (BADEA), meeting 4-6 March in Doha, Qatar, its first meeting for the year 2015, has approved financing for a new batch of projects and technical assistance operations, totalling US$ 113.565 million, PANA reported [...]
©- - 05 march 2015 - 16:07:15 - thread Economy (260 words)


Dakar, Senegal (PANA) - On behalf of six African countries, the Arab Bank for Economic Development in Africa (BADEA) has signed loan agreements with the International Monetary Fund (IMF) and the World Bank Group during their annual meetings in Tokyo, Japan, from 9 to 14 October, 2012. The six African [...]
©- - 15 october 2012 - 16:11:49 - thread Economy (817 words)

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