IMF, Libya complete Article IV Mission
17 april 2025 - 10:17:48Washington, DC, US (PANA) - The dispute over the leadership of the Central Bank of Libya (CBL) last August and [...] Full text...
thread Economy
Breaking news
- Agriculture
Egypt to market less cotton this year to decreased harvest
- Culture
Libyan minister meets international bodies to promote museums
- Economy
IMF team says Nigerian authorities taken important steps to stabilise economy
- Environment
Partnerships, increased climate investment crucial for sustainable transition, says UN deputy chief
- Gender
Plea for a future respecting gender equality
- Health
Africa CDC and WHO update mpox strategy as outbreaks persist
- Politics
Libya’s fragile transition plagued by deepening economic and political divides
- Press Review
Lessons of Hamas operation against Israel, - Libyan newspaper,
- Sciences
How AI can help both tax collectors and taxpayers: IMF Blog By Thomas Cantens and Herve Tourpe
- Social
CFAF 15 billion already invested in Benin’s special employment integration programme
- Society
More 200 victims of human trafficking rescued in Ghana; 35 suspects arrested
- Sports
2025 CAF U-17 AFCON: Fixture for third-place match on Friday
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Washington, DC, US (PANA) - The dispute over the leadership of the Central Bank of Libya (CBL) last August and [...] Full text...
EU approves third payment of close to €3.5 billion to Ukraine
17 march 2025 - 12:17:26Brussels, 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 - 07:19:49Monrovia, 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 - 09:05:23Antananarivo, 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 - 05:11:11Accra, 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 - 08:48:24Monrovia, Liberia (PANA) – Liberia is now in position to draw US$46 million from the International Monetary Fund (IMF) for [...] Full text...
thread Economy
'Improved resilience to weather shocks can boost Zimbabwe’s recovery'
31 january 2025 - 08:38:20Harare, Zimbabwe (PANA) - Zimbabwe’s economic outlook is positive, with recovery from the 2019/20 COVID-19 recession and the 2024 El [...] Full text...
thread Economy
Malawi needs urgent action on macroeconomic reforms and transformative potential of mining: WB report
31 january 2025 - 08:28:24Lilongwe, Malawi (PANA) - Malawi’s economic recovery remains fragile due to lagging implementation of macroeconomic reforms and a series of [...] Full text...
thread Economy
With IMF support Cape Verde aims to build climate resilience, grow strongly
25 january 2025 - 08:52:41Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) has completed the fifth review of [...] Full text...
thread Economy
IMF Executive Board completes Fifth Review Under ECF arrangement for Cabo Verde
20 january 2025 - 05:57:08Washington, DC, US (PANA) - The Executive Board of the IMF has completed the fifth review of Cabo Verde’s performance [...] Full text...
thread Economy
Namibia: New WBG strategy to boost job creation, access to quality services
09 january 2025 - 09:55:29Windhoek, Namibia (PANA) – The World Bank's Board of Executive Directors discussed a new Country Partnership Framework (CPF) for Namibia, [...] Full text...
thread Society
IMF Board completes fourth review of Zambia’s ECF arrangement
17 december 2024 - 08:14:08Lusaka, Zambia (PANA) – Zambia has secured immediate access to US$ 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 - 09:59:34Dar 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 - 12:41:19London, 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 - 08:47:30Cairo, 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 - 15:44:43Addis 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 - 09:56:14Washington 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 - 07:26:28Banjul, 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 - 14:53:14Washington, 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 - 18:43:08By 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 - 10:11:01Abuja, 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 - 11:04:22Washington, 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 - 10:50:15Cape 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 - 14:23:40Washington 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 - 06:22:46Freetown, 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 - 05:59:49Washington, 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 - 05:39:32Washington, 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 - 07:55:34Lusaka, 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 - 12:55:31Washington, 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 - 11:47:18Washington, 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 - 11:03:39Harare, 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 - 08:13:39Washington, 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 - 10:17:27Dar 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 - 10:22:12Abuja, 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 - 18:28:25Bissau, 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 - 16:18:21Banjul, 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 - 08:20:24Praia, 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 - 13:46:15Lilongwe, 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 - 09:01:50Algiers, 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 - 10:42:32Dar 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 - 16:14:18Washington 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 - 11:45:56Brussels, 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 - 13:06:54Washington, 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 - 13:14:00Washington, 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 - 06:10:03Djibouti, 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 - 07:59:36Lilongwe, 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 - 10:31:35Port 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 - 08:06:02Lilongwe, 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 - 10:47:45Lilongwe, 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 - 07:18:15Washington, 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$150.5 million disbursement
14 december 2023 - 07:39:33Dar es Salaam, Tanzania (PANA) – Tanzania has secured US$ 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 - 09:21:19Harare, 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 - 11:42:02Praia, 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 - 14:23:42Tunis, 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 - 07:05:36Dar 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 - 08:25:07Yaoundé, 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 - 08:58:48Ouagadougou, 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 - 07:40:40Dar 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 - 11:58:07Freetown, 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 - 20:32:12Abuja, 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 - 08:37:35Lomé, 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 - 07:23:34Victoria, 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 - 13:30:44Bujumbura, 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 - 10:02:42Washington 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 - 08:01:36Mbabane, 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 - 06:27:12Washington 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 - 16:27:04Lilongwe, 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 - 06:40:59Abuja, 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 - 09:28:31Harare, 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 - 11:00:38Antananarivo, 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 - 17:11:08Cotonou, 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 - 10:54:48Washington, 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 - 13:25:00Washington 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 - 12:04:37Washington, 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 - 11:07:38Tunis, 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 - 19:14:54Washington, 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 - 11:06:42Dar 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 - 11:04:21Dar 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 - 06:54:25Accra, 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 - 19:26:07Bujumbura, 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 - 18:07:04Nairobi, 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 - 17:29:24Banjul, 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 - 18:56:25Accra, 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 - 13:51:04Abuja, 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 - 15:12:17Bujumbura, 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 - 17:33:07Accra, 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 - 15:24:06Accra, 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 - 08:55:28Port-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 - 18:07:39Banjul, 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 - 15:41:56Conakry, 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 - 07:30:17Yaoundé, 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 - 06:37:26Washington, 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 - 10:51:59N'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 - 14:49:11Dar 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 - 10:18:11Nairobi, 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 - 09:10:15Port 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 - 08:41:49Port-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 - 10:37:31Port-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 - 10:59:15Bissau, 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 - 09:30:58Lusaka, 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 - 14:13:23Yaoundé, 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 - 09:50:37Khartoum, 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 - 10:03:33Washington, 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 - 08:34:03Bissau, 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 - 13:32:33Cape 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 - 07:05:53Rome, 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 - 16:05:42Lilongwe, 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 - 21:50:43Bujumbura, 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 - 10:44:49Yaoundé, 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 - 18:05:36Cape 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 - 15:52:44Johannesburg, 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 - 08:00:59Juba, 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 - 14:53:41Tripoli, 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 - 19:48:58Cairo, 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 - 23:52:03Addis 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 - 22:16:17Niamey, 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 - 12:35:32Cape 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 - 09:32:34Khartoum, 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 - 17:32:18Niamey, 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$165 million grant for Ethiopia's national COVID-19 emergency response
03 july 2020 - 14:52:42Addis Ababa, Ethiopia (PANA) - The Board of Directors of the African Development Fund (ADF) on 3 July, 2020, approved [...] Full text...
thread Health
Zimbabwe's main opposition leader, Nelson Chamisa, calls on citizens to protest peacefully
26 june 2020 - 16:54:20Harare, Zimbabwe (PANA) - Nelson Chamisa, Zimbabwe's Alliance leader of the main opposition Movement for Democratic Change (MDC), has called [...] Full text...
thread Politics
Sudan Partnership Conference pledges over 1.8 billion dollars in support for the Sudan
26 june 2020 - 00:11:09Khartoum, Sudan(PANA) - The Sudan partnership conference held via videoconference in Berlin, Germany, Thursday ended with a strong political and [...] Full text...
thread Economy
Coronavirus: Botswana’s private sector implored to proactively fight COVID-19 impacts
25 june 2020 - 12:48:16Gaborone, Botswana (PANA) - Financial services provider, Stanbic Bank Botswana has implored the local business community to aggressively innovate against [...] Full text...
thread Economy
Coronavirus: World Bank grants Tunisia financial support of US$ 175 million
15 june 2020 - 16:55:52Tunis, 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 - 18:49:15Paris, 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 - 19:08:01Abidjan, 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 - 01:09:01Nairobi, 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 - 23:10:13Tunis, 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 - 16:03:01Tunis 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 - 15:36:02Brazzaville, 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 - 14:48:23Harare, 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 - 09:06:34Malabo, 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 - 15:52:45Port-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 - 23:30:38Banjul, 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 - 19:19:34Dar 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 - 05:24:27Abuja, 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 - 00:02:06Banjul, 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 - 18:02:19Lomé, 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 - 18:26:10Gaborone, 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 - 19:05:16Nouakchott, 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 - 14:11:13Brussels, 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 - 19:11:31Banjul, 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 - 11:02:08Cotonou, 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 - 15:06:32Gaborone, 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 - 12:55:27Freetown, 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 - 19:05:55Gaborone, 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 - 17:47:30Tunis, 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 - 14:55:53Banjul,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 - 18:03:54Tunis, 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 - 12:20:35Khartoum, 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 - 10:54:20Ouagadougou, 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 - 21:55:47WB 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 - 17:10:44Washington 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 - 09:07:40Nouakchott, 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 - 23:28:05New 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 - 13:02:56Port-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 - 22:26:19Nouakchott, 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 - 15:35:27Harare, 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 - 15:02:07Tunis, 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 - 11:49:38Harare, 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 - 16:59:30Gaborone, 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 - 14:30:56Harare, 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 - 13:47:00Harare, 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 - 15:52:32Harare, 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 - 19:27:22Kigali, 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 - 15:57:35Harare, 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 - 15:14:25Harare, 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 - 14:34:45Harare, 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 - 17:35:12Harare, 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 - 12:22:24Niamey, 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 - 15:13:02Praia, 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 - 13:01:58Nairobi, 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 - 04:25:44Harare, 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 - 10:57:26Abidjan, 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 - 20:54:54Kinshasa, 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 - 18:36:04Harare, 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 - 23:11:02Banjul, 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 - 09:21:47Nouakchott, 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 - 23:24:59Kinshasa, 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 - 20:53:49Banjul, 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 - 16:10:55Monrovia, 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 - 08:58:31Nairobi, 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 - 11:59:09Monrovia, 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 - 08:14:54Port 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 - 14:35:03Harare, 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 - 18:03:39Nairobi, 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 - 23:38:16Abuja, 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 - 22:36:38Lusaka, 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 - 16:44:44Addis 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 - 19:29:46Abuja, 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 - 16:50:19Dar 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 - 13:00:05Johannesburg, 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 - 20:01:10Windhoek, 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 - 09:55:50Khartoum, 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 - 18:29:14Antananarivo, 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 - 18:07:54Algiers, 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 - 14:06:11Abidjan, 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 - 18:57:42Accra, Ghana (PANA) – Sound fiscal management is essential for countries that are still dependent on revenue from the mining [...] Full text...
thread Economy
Barrow projects 3.8 percent growth for Gambia in 2018
31 december 2017 - 15:59:07Banjul, Gambia (PANA) – President Adama Barrow of the Gambia on Sunday disclosed that the GDP growth for 2018 is [...] Full text...
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Namibia’s economic growth set to speed up to 4 percent
13 december 2017 - 09:52:52Windhoek, Namibia (PANA) - After years of exceptional growth, Namibia’s economy has entered an adjustment phase and growth is expected [...] Full text...
thread Economy