Cape Town, South Africa (PANA) – A high-level South African delegation is attending the 21st African Growth and Opportunity Act (AGOA) Forum in Washington, DC, from Wednesday to Friday Full text...
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South Africa: South Africa secures Middle East livestock deal
Cape Town, South Africa (PANA) - An increase in global demand for red meat is positioning Eastern Cape farmers at an economic advantage as the provincial government continues to support them to gain access into the Middle East market through livestock exports and other livestock opportunities available through the African Continental Free Trade Area agreement Full text...
World Bank demonstrates depth of its capital markets investor base with dual tranche US$ 6 billion bonds
Washington, D Full text...
World Bank publishes new data to boost investment in emerging markets
Washington, USA (PANA) - The World Bank Group (WBG) on Thursday published sought-after proprietary statistics that reveal the credit risk profile of private and public sector investments in emerging markets Full text...
China invited to invest in strategic projects in Libya to build bridges with African market
Tripoli, Libya (PANA) - The Libyan Minister of Economy and Trade, Mohamed al-Haweij, has urged major Chinese companies to invest in strategic projects in Libya and build communication bridges with the African market by designing and implementing international routes to the African market and establishing free trade and special economic zones Full text...
South African union hails confirmation of US trade summit
Cape Town, South Africa (PANA) – The Congress of South African Trade Unions (COSATU) on Friday welcomed the announcement that South Africa will host the African Growth and Opportunity Act (AGOA) summit in November Full text...
Burundi adopts draft decree determining priority sectors for investment
Bujumbura, Burundi (PANA) - In Burundi, the most important economic news of the week was the analysis and adoption of a draft decree determining the priority sectors reserved for investments, with a minimum of US$500,000 for foreigners and the equivalent in local currency for nationals Full text...
Benin reforms its market management
Cotonou, Benin (PANA) - Benin will proceed in the coming days to reforms in the management of its markets, official sources said here Friday Full text...
South Africa: Moody’s predicts South Africa's inflation will soar
Cape Town, South Africa (PANA) – Inflation in South Africa is set to rise to 8% this year, dramatically higher than the central bank’s target Full text...
South Africa's Cape Town Stock Exchange starts business
Cape Town, South Africa (PANA) – Cape Town Stock Exchange, which aims to become the Nasdaq of Africa, opened for business on Thursday
It plans to lure companies seeking to raise capital in Kenya, Nigeria, Ghana and elsewhere with listing costs that are a third of those charged by the Johannesburg Stock Exchange Full text...
Egypt-based African Businessmen Association holds Senegalese Business Day
Dakar, Senegal, (PANA) - The Cairo-based Egyptian-African Businessmen Association (EABA) has held a "Senegalese Business Day" that brought together leading business personalities in Egypt and Senegal to discuss trade, investment opportunities and other business activities in Senegal Full text...
ADF grants $2.5 million to support regulatory environment in SADC, COMESA electricity markets
Abidjan, Côte d’Ivoire (PANA - The Board of the African Development Bank (AfDB) Group has approved grants of $2 Full text...
DR Congo to reduce dependence on imports
Kinshasa, DR Congo (PANA) - The Congolese Minister of Foreign Trade, Jean-Lucien Bussa, has unveiled economic plans to enable DR Congo reduce its dependence on imports, reduce import bill and protect local industry Full text...
AfDB Group supports risk-based supervision for capital markets in Ghana
Accra, Ghana (PANA) - The African Development Bank Group and the Securities and Exchange Commission (SEC) of Ghana on Thursday launched a $400,000 project to strengthen the development of Ghanaian capital markets, following the signing of a grant agreement to develop a risk-based supervisory solution for the local capital market Full text...
Liquid Telecoms subsidiary raises US$840 million for long-term growth
London, Britain (PANA) - Liquid Telecommunications Financing, part of the African telecoms group, Liquid Telecom, has arranged a bond and term loan totaling US$840 million to support its growth, the firm said Thursday Full text...
AfDB, FAO, South Sudan ink protocols for $14 million grant to boost agricultural markets
Abidjan, Cote d’Ivoire (PANA) - The African Development Bank on Wednesday signed protocols to disburse a $14 million grant to South Sudan for boosting agricultural markets in a project to be implemented by the UN Food and Agriculture Organization (FAO) Full text...
French businesspersons delegation due Tuesday in South Africa
Paris, France (PANA) - A delegation of several French business leaders from the Movement of French enterprises (MEDEF-international) is due in South Africa on Tuesday for a three-day visit aimed at maintaining dialogue with the private sector, PANA learned PANA in Paris Full text...
Rwanda's CPI up 8.9 pct in Sept.2020
Kigali, Rwanda (PANA) - Rwanda's consumer price index (CPI), a main gauge of inflation, rose 8 Full text...
Smart Africa and American investor Partner to Strengthen Start-Up and Innovation Ecosystems in Africa
Kigali, Rwanda (PANA) - American entrepreneurial pre-accelerator, Draper University and Smart Africa, Friday announced a partnership aimed at strengthening start-up and innovation ecosystems in Africa Full text...
Cereal prices rise this week in Niger
Niamey, Niger (PANA) - The price in cereal markets this week in Niger is marked by a slight increase in the prices of most agricultural commodities, reveals the Agricultural Market Information System (SIMA) newsletter Full text...
Rwanda's producer prices up 1.8 pct in May
Kigali, Rwanda (PANA) - Rwanda's producer price index (PPI), which measures the average change over time in prices received by domestic producers for the production of their goods and services, increased 1 Full text...
Mauritanian government reassures on supplies to local markets
Nouakchott, Mauritania (PANA) -Mauritania has enough stock of goods for a normal supply of basic necessities for six months, according to the Minister of Trade and Tourism, Sid'Ahmed Mohamed, who spoke in an interview published Wednesday by the government press Full text...
Burundi: Annual inflation rate set at 0.0% in January 2020
Bujumbura, Burundi (PANA) - During the year ending in January 2020, global annual inflation rose to 0 Full text...
BRICS becoming a magnet for emerging economies - Russian Ambassador
Gaborone, Botswana (PANA) - Russian Ambassador to Botswana, Victor Sibilev has said BRICS is fast becoming a magnet for emerging economies, including African economies through its ‘outreach format’ Full text...
Botswana committed to local content development
Gaborone, Botswana (PANA) - Minister of Investment Trade and Industry Peggy Serame has reiterated Botswana's commitment to increased local content in the mining sector Full text...
‘Collaboration key to emerging capital markets’ - Masisi
Gaborone, Botswana (PANA) - Botswana President, Dr Full text...
Botswana Stock Exchange records highest turnover for 2019
Gaborone, Botswana (PANA) - Botswana Stock Exchange (BSE) announced on Monday that it has recorded the highest turnover in a single day of trading during 2019 at almost US$149 million Full text...
FMCG, another key to Botswana’s economic growth
Gaborone, Botswana (PANA) - Due to its economic success, relatively high levels of consumer spending against a backdrop of good governance and good regulatory environment, Botswana remains attractive to both homegrown and multinational traders Full text...
Botswana showcases its products at Expo 2020 Dubai
Gaborone, Botswana (PANA) - Botswana will for the first time showcase its products at a six months exhibition platform, the Expo 2020 Dubai, in the United Arab Emirates Full text...
Prices of basic foodstuffs relatively stable in Mali
Bamako, Mali (PANA) - Grain markets in Mali were characterized last week by relatively stable prices, marked by rare and slight fluctuations in parts, the Malian Press Agency (AMAP) reported here Thursday Full text...
Cereal prices drop in Nigerien grain markets
Niamey, Niger (PANA) - The price situation in Niger's grain markets is marked this week by a downward trend, the newsletter of the agricultural market information system (SIMA) said here Friday Full text...
Comoran President to meet French businessmen in Paris
Paris, France (PANA) - Comoran President, Azali Assoumani, who is on an official visit to France since Monday, will Wednesday meet with the French members of the Medef-International Africa Committee to discuss the Comorian government's economic development priorities Full text...
Cereal prices continue to fall in Niger
Niamey, Niger (PANA) - The decline in cereal prices that began a few months ago continues to gain momentum during this period of the beginning of the lean season in Niger's markets, according to the Agricultural Market Information System (SIMA) newsletter Full text...
Fourth edition of the Africa Meetings to be held October in Morocco and Senegal
Abidjan, Côte d'Ivoire (PANA) - The fourth edition of the Africa Meetings, aimed at promoting inclusive co-development strategies between France and Africa, will be held, respectively, in Skhirat, Morocco, on 21 and 22 October and in Dakar, Senegal, on 24 and 25 October, a communiqué sent to PANA on Thursday said Full text...
AU says AfCFTA comes into force
Tunis, Tunisia (PANA) – The African Union (AU) has announced the entry into force on Thursday of the African continental free-trade area (AfCFTA), describing it as ‘historic stage’ as a key project for the continent’s economic development and a decisive step towards the integration and complementarity which should guarantee Africa a new position on the world economic stage Full text...
Rwanda's stock market remains constant without bids
Kigali, Rwanda (PANA) - Rwanda's stock market on Monday remained constant with large outstanding shares but without bids at the end of the formal trading hours Full text...
Merger of CEMAC financial markets in last phase
Dakar, Senegal (PANA) – Cameroon's Autonomous Depreciation Fund (CAA) and the Central African Stock Exchange (BVMAC) will merge no later than 30 June 2019, a statement from the Bank of Central African States (BEAC) said Full text...
African finance ministers urged to list 30% stake of state firms in stock markets
Yaounde, Cameroon (PANA) - The African Union (AU) has been urged to order the listing of between 25-30% of all state-owned companies in the security exchanges to attract foreign capital into the continent Full text...
Douala markets commission to be absorbed by Central African Financial Market Monitoring Commission
Yaoundé, Cameroon (PANA) - The Douala-based Financial Markets Commission (CMF) will be absorbed by the Central African Financial Market Monitoring Commission (COSUMAF), headquartered in Libreville, Gabon, at the end of February, in response to a decision to merge sub-regional stock markets of the Central African Economic and Monetary Community (CEMAC) Full text...