AfDB to make $30 million equity investment in Africa Finance Corporation to catalyse climate action

15 december 2024 - 04:55:52 MA

Abidjan, Cote d'Ivoire (PANA) - The African Development Bank’s Board of Directors has approved a $30 million equity investment in Africa Finance Corporation (AFC) for [...] Full text...

Despite big hurdles, long journey to electric mobility begins across Africa

14 december 2024 - 12:42:24 AR

Johannesburg, South Africa (PANA) - Switching to electric mobility is a no-brainer: tailpipe emissions cause poor health or even death and are a significant contributor [...] Full text...

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

14 december 2024 - 09:59:34 AR

Dar es Salaam, Tanzania (PANA) – The International Monetary Fund (IMF) has approved immediate disbursement of $204,5 million in two tranches to Tanzania, noting that [...] Full text...

Saturday’s exchange rates for the Tanzania Shilling

14 december 2024 - 07:28:47 AR

Dar es Salaam, Tanzania (PANA) – The following are the exchange rates for the Tanzania Shilling on Saturday as issued by the Bank of Tanzania.Currency  [...] Full text...

IMF staff concludes visit to Djibouti

13 december 2024 - 13:06:11 AR

Djibouti City, Djibouti (PANA) - Djibouti’s maritime-dependent economy has demonstrated resilience to regional conflicts with growth in FY24 projected at a robust 6 ½ percent, [...] Full text...

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

13 december 2024 - 12:41:19 AR

London, UK (PANA) - Gold is poised for its best annual performance in more than a decade – up 28% through November, according to the [...] Full text...

Friday's exchange rates for the Gambian Dalasi

13 december 2024 - 11:01:44 MSS

Banjul, Gambia (PANA) — The following are Friday's exchange rates for the Gambian Dalasi as published by the Central Bank of Gambia.Currency        [...] Full text...

South Africa and Czech Republic strengthen ties

13 december 2024 - 08:39:36 CU

Cape Town, South Africa (PANA) –  South Africa’s Trade, Industry and Competition Minister Parks Tau and the Deputy Prime Minister of the Czech Republic, Marian [...] Full text...

For poorest economies, next 25 years could prove decisive: World Bank

13 december 2024 - 07:26:40 AR

Washington, DC, USA (PANA) - The next 25 years could prove decisive in determining whether the world’s 26 poorest countries progress to middle-income status, a [...] Full text...

Friday’s exchange rates for the Tanzania Shilling

13 december 2024 - 07:07:52 AR

Dar es Salaam, Tanzania (PANA) – The following are the exchange rates for the Tanzania Shilling on Friday as issued by the Bank of Tanzania.Currency  [...] Full text...

Without course correction, 20 of 26 countries would remain poor through 2050 – World Bank study

12 december 2024 - 07:10:54 AR

EMBARGOED: UNTIL THURSDAY, 12 DECEMBER, 2024, AT 2:00 PM UTC.Washington, DC, USA (PANA) - The next 25 years could prove decisive in determining whether the [...] Full text...

Tanzania needs concrete action on its path to resilient, low carbon growth: World Bank

12 december 2024 - 06:40:23 AR

Dar es Salaam, Tanzania (PANA - Without decisive action, climate change could cut Tanzania's economic growth by up to 4% by 2050, push 2.6 million [...] Full text...

Thursday’s exchange rates for the Tanzania Shilling

12 december 2024 - 06:38:38 AR

Dar es Salaam, Tanzania (PANA) – The following are the exchange rates for the Tanzania Shilling on Thursday as issued by the Bank of Tanzania.Currency  [...] Full text...

AfDB to fund women-led business enterprises growth in Nigeria

11 december 2024 - 13:45:07 AO

Rabat, Morocco (PANA) - Women-led businesses in Nigeria will benefit from a US$50 million loan, provided by an African Development Bank (AfDB) programme, following the [...] Full text...

African airlines expect better gains in operating profits in 2025, demand rises seen

11 december 2024 - 13:38:43 AO

Nairobi, Kenya (PANA) - Demand for air travel in Africa is focused to increase in 2025 as airlines increase seats available on their routes, the [...] Full text...

Tuesday's exchange rates for the Gambian Dalasi

11 december 2024 - 10:31:38 MSS

Banjul, Gambia (PANA) — The following are Tuesday's exchange rates for the Gambian Dalasi as published by the Central Bank of Gambia.Currency        [...] Full text...

Wednesday’s exchange rates for the Tanzania Shilling

11 december 2024 - 07:11:48 AR

Dar es Salaam, Tanzania (PANA) – The following are the exchange rates for the Tanzania Shilling on Wednesday as issued by the Bank of Tanzania.Currency  [...] Full text...

Airlines facing equipment supply disruptions likely to slowdown growth

10 december 2024 - 21:40:18 AO

Nairobi, Kenya (PANA) – The International Air Transport Association (IATA) expects severe supply chain issues to continue to impact airline performance into 2025, raising costs [...] Full text...

UN backed drive to produce electric vehicle batteries kicks off in Zambia

10 december 2024 - 20:42:19 AO

Lusaka, Zambia (PANA) – A project to increase the production of batteries to power electric vehicles has been launched in Lusaka, the Zambian capital, a [...] Full text...

Tuesday's exchange rates for the Gambian Dalasi

10 december 2024 - 12:40:08 MSS

Banjul, Gambia (PANA) — The following are Tuesday's exchange rates for the Gambian Dalasi as published by the Central Bank of Gambia.Currency        [...] Full text...

Chad’s economic recovery picks steam - IMF

10 december 2024 - 08:02:32 AR

N’Djamena, Chad (PANA) - Chad’s post-pandemic recovery picked up steam in 2023 with growth increasing to 4.9 percent, the Executive Board of the International Monetary [...] Full text...

Reforms needed to stem slow-down in Kenya’s economic growth

10 december 2024 - 07:52:44 AR

Nairobi, Kenya (PANA) - Kenya’s GDP is projected to grow at 4.7% in 2024, slower when compared to 5.6% in 2023 and closer to the [...] Full text...

Tuesday’s exchange rates for the Tanzania Shilling

10 december 2024 - 07:51:36 AR

Dar es Salaam, Tanzania (PANA) – The following are the exchange rates for the Tanzania Shilling on Tuesday as issued by the Bank of Tanzania.Currency  [...] Full text...

Gambia: IDA US$30 million budget support to enhance productivity and improve economic governance

09 december 2024 - 12:55:30 MSS

Banjul, Gambia (PANA) - The World Bank Group has approved $30 million in financing from the International Development Association (IDA) to support Gambia in enhancing [...] Full text...

Monday's exchange rates for the Gambian Dalasi

09 december 2024 - 10:38:05 MSS

Banjul, Gambia (PANA) — The following are Monday's exchange rates for the Gambian Dalasi as published by the Central Bank of Gambia.Currency        [...] Full text...

African Continental Free Trade Area -- an opportunity to recharge investment, growth and jobs: World Bank Blog By Priyanka Kher, Xavier. Forneris, Eloïse Obadia, Madelynne Grace Wager

07 december 2024 - 08:56:02 AR

Addis Ababa, Ethiopia (PANA) - The African Continental Free Trade Area (AfCFTA) offers a promising opportunity to revive stagnant investment and development. According to World [...] Full text...

Friday's exchange rates for the Gambian Dalasi

06 december 2024 - 11:27:44 MSS

Banjul, Gambia (PANA) — The following are Friday's exchange rates for the Gambian Dalasi as published by the Central Bank of Gambia.Currency        [...] Full text...

World Bank Group announces record $100 billion IDA replenishment

06 december 2024 - 07:09:14 AR

Seoul, Korea (PANA) - The World Bank Group on Friday unveiled a record $100 billion replenishment of the International Development Association (IDA), marking a significant [...] Full text...

Friday’s exchange rates for the Tanzania Shilling

06 december 2024 - 07:07:35 AR

Dar es Salaam, Tanzania (PANA) -  The following are the exchange rates for the Tanzania Shilling on Friday as issued by the Bank of Tanzania.Currency  [...] Full text...

ICAO, ‘a powerful example of multilateralism in action,’ says UN chief

06 december 2024 - 05:21:41 MA

New York, US (PANA) - UN Secretary-General Antonio Guterres marked the 80th anniversary of the signing of the convention that opened the way to mass [...] Full text...

Global trade to hit record $33 trillion in 2024, but uncertainties over tariffs loom

05 december 2024 - 19:36:35 MA

Geneva, Switzerland (PANA) - Global trade is poised to hit a record $33 trillion in 2024, showcasing remarkable resilience despite persistent economic and geopolitical challenges, [...] Full text...

African air passenger demand increases 10.4%

05 december 2024 - 14:38:40 AO

Nairobi, Kenya (PANA) - African airlines saw a 10.4% year-on-year increase in demand, according to the International Air Transport Association (IATA) data released on Wednesday.The capacity, [...] Full text...

African countries count on mineral boom to bolster large scale investment

05 december 2024 - 13:36:34 AO

Rabat, Morocco (PANA) - African countries are relying on the mineral potential in the continent to attract large-scale investment into the continent, the continent's top [...] Full text...

Thursday's exchange rates for the Gambian Dalasi

05 december 2024 - 10:15:18 MSS

Banjul, Gambia (PANA) — The following are Thursday's exchange rates for the Gambian Dalasi as published by the Central Bank of Gambia.Currency        [...] Full text...

South Africa, Angola to hold high-level trade talks

05 december 2024 - 08:49:31 CU

Cape Town, South Africa (PANA) – Opportunities to enhance trade and investment relations between South Africa and Angola will be high on the agenda during [...] Full text...

Housing’s unique role in lives and economies demands greater understanding: IMF Blog By Gita Bhatt

05 december 2024 - 08:43:42 AR

Washington, DC, USA (PANA) - Wherever I go these days, the conversation inevitably focuses on the rising cost of housing. The concerns span generations, locations, [...] Full text...

Central African Republic designs fiscal instruments for sustainable forestry, economic growth

05 december 2024 - 08:42:15 AR

Bangui, CAR (PANA) - The Central African economy has remained stagnant, with GDP growth estimated to register 0.7% in 2024, before gradually rebounding to around [...] Full text...

Thursday’s exchange rates for the Tanzania Shilling

05 december 2024 - 08:40:38 AR

Dar es Salaam, Tanzania (PANA) – The following are the exchange rates for the Tanzania Shilling on Thursday as issued by the Bank of Tanzania.Currency  [...] Full text...

Broader access to jobs and public services key to addressing inequality, reducing poverty in Africa, says new report

04 december 2024 - 17:17:48 MA

Washington, DC, USA (PANA) - Unequal and limited access to jobs, finance, and public services such as education and healthcare have increased inequality and stalled [...] Full text...

Wednesday's exchange rates for the Gambian Dalasi

04 december 2024 - 10:25:07 MSS

Banjul, Gambia (PANA) — The following are Wednesday's exchange rates for the Gambian Dalasi as published by the Central Bank of Gambia.Currency        [...] Full text...

Global financial reform addresses challenges facing developing nations: UN deputy chief

04 december 2024 - 05:12:48 MA

 New York, US (PANA) - Decisive action is needed to address the financial challenges facing developing nations, UN Deputy Secretary-General Amina Mohammed said on Tuesday [...] Full text...

Persistent fall in private borrowing brings global debt down: IMF Blog By Vitor Gaspar, Carlos Gonçalves, Marcos Poplawski-Ribeiro

03 december 2024 - 11:17:39 AR

Washington, DC, United States (PANA) – Global debt decreased about one percentage point to 237 percent GDP in 2023. Empirical analysis points to low growth [...] Full text...

Tuesday's exchange rates for the Gambian Dalasi

03 december 2024 - 11:15:50 MSS

Banjul, Gambia (PANA) — The following are Tuesday's exchange rates for the Gambian Dalasi as published by the Central Bank of Gambia.Currency        [...] Full text...

Croatia strengthens support for global development, increases pledge to IDA21 by 115%

03 december 2024 - 07:14:44 AR

Zagreb, Croatia (PANA) - Croatia on Monday announced a significant increase in its financial commitment to the International Development Association (IDA) for the 21st replenishment [...] Full text...

Tuesday’s exchange rates for the Tanzania Shilling

03 december 2024 - 06:34:07 AR

Dar es Salaam, Tanzania (PANA) – The following are the exchange rates for the Tanzania Shilling on Tuesday as issued by the Bank of Tanzania.Currency  [...] Full text...

IMF Executive Board completes third review under the ECF arrangement with Ghana

03 december 2024 - 05:07:20 MA

Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) on Monday completed the third review of the US$3 billion, 36-month Extended [...] Full text...

Monday's exchange rates for the Gambian Dalasi

02 december 2024 - 10:14:53 MSS

Banjul, Gambia (PANA) — The following are Monday's exchange rates for the Gambian Dalasi as published by the Central Bank of Gambia.Currency        [...] Full text...

Monday’s exchange rates for the Tanzania Shilling

02 december 2024 - 07:19:40 AR

Dar es Salaam, Tanzania (PANA) – The following are the exchange rates for the Tanzania Shilling on Monday as issued by the Bank of Tanzania.Currency  [...] Full text...

Friday's exchange rates for the Gambian Dalasi

29 november 2024 - 09:55:24 MSS

Banjul, Gambia (PANA) — The following are Friday's exchange rates for the Gambian Dalasi as published by the Central Bank of Gambia.Currency        [...] Full text...

Friday’s exchange rates for the Tanzania Shilling

29 november 2024 - 06:25:37 AR

Dar es Salaam, Tanzania (PANA) – The following are the exchange rates for the Tanzania Shilling on Friday as issued by the Bank of Tanzania.Currency  [...] Full text...