World's largest bank by balance sheet CEO JP Morgan sets base in Kenya

25 october 2024 - 09:14:35
Nairobi, Kenya (PANA) - JP Morgan, the world’s biggest bank by balance sheet, has received the approval of the Central [...] Full text...

thread Economy

IMF staff completes 2024 Article IV Consultation Mission to Chad

16 october 2024 - 10:56:27
N’Djamena, Chad (PANA) - Chad’s economic growth, after increasing to 4.9 percent in 2023, is expected to moderate this year, [...] Full text...

thread Economy

IMF, Seychellois authorities reach Staff-Level Agreement on Third Reviews

01 october 2024 - 14:24:08
Washington, DC, US (PANA) - An International Monetary Fund (IMF) mission, led by Mr. Todd Schneider, conducted discussions with the [...] Full text...

thread Economy

Niger anticipates economic recovery on from oil revenues

01 october 2024 - 05:55:54
Niamey, Niger (PANA) - Niger's economy is set to rebound after a year marked by an unprecedented political crisis. However, [...] Full text...

thread Economy

Libyan legislative chambers sign agreement on Central Bank crisis

26 september 2024 - 10:42:21
Tripoli, Libya (PANA) - The United Nations Support Mission in Libya (UNSMIL) has announced that an official signing ceremony of [...] Full text...

thread Politics

IMF approves 40-month US$210 million ECF for Liberia

26 september 2024 - 10:06:01
Monrovia, Liberia (PANA) - The Board of the International Monetary Fund (IMF) has approved US$210 million as an Extended Credit [...] Full text...

thread Economy

Benin prepares 2025 budget in compliance with WAEMU fiscal norm

12 september 2024 - 12:42:03
Cotonou, Benin (PANA) - Benin’s authorities have started crafting the 2025 budget, targeting compliance with the West African Monetary Union [...] Full text...

thread Economy

Product market reforms, improved business environment essential vital for South Africa’s trade: IMF

05 september 2024 - 12:36:43
Pretoria, South Africa (PANA) - While South Africa needs product-market reforms and improving business environment by removing obstacles to trade, [...] Full text...

thread Economy

Libya's legislative chambers ask for five days to arrive at consensus to end crisis in central bank

04 september 2024 - 05:51:10
Tripoli, Libya (PANA) – Representatives of Libya's two legislative chambers – the House of Representatives (HoR) and High Council of [...] Full text...

thread Politics

UN Mission announces 'understandings' on resolution of Libya Central Bank crisis

03 september 2024 - 10:52:11
Tripoli, Libya (PANA) - The United Nations Support Mission in Libya (UNSMIL) has announced that "important understandings" on ways to [...] Full text...

thread Economy

Financial sector at crossroads in emerging markets: Climate risks and financing gaps demand action

30 august 2024 - 06:55:38
Washington, DC, United States (PANA) -  In almost 60% of banks in Emerging Market and Developing Economies (EMDEs), lending for [...] Full text...

thread Economy

Libyan Central Bank suspends services following kidnapping of IT Director

18 august 2024 - 15:52:31
Tripoli, Libya (PANA) - The Central Bank of Libya (BCL) has suspended all its services, administration and systems until the [...] Full text...

thread Society

Sudan war: Over a dozen more areas at risk of famine as fighting impedes aid

08 august 2024 - 07:07:04
Geneva, Switzerland (PANA) With famine confirmed in the Zamzam displacement camp in Sudan’s North Darfur, there are growing concerns that [...] Full text...

thread Society

2024 Olympic Games: Morocco, Egypt eye historic men's football final match

05 august 2024 - 08:00:33
Paris, France (PANA)  - The possibility of an all-African final of the Men's Olympic Football Tournament at the Paris 2024 [...] Full text...

thread Sports

IMF Board allows Egypt to draw US$820 million under Extended Fund Facility

30 july 2024 - 07:46:40
Cairo, Egypt (PANA) - The International Monetary Fund (IMF) on Monday completed the third review of the extended arrangement under [...] Full text...

thread Economy

IMF management approves Staff Monitored Programme for Equatorial Guinea

25 july 2024 - 11:07:04
Washington, DC, United States (PANA) - Management of the International Monetary Fund (IMF) on Wednesday approved a 12-month non-financing Staff [...] Full text...

thread Economy

IMF Executive Board concludes 2024 Article IV consultation with Libya

12 july 2024 - 12:03:00
Tripoli, Libya (PANA) - Libya remains a fragile state trapped in political uncertainty, but the episodes of active conflict have [...] Full text...

thread Economy

World Bank Group launches framework for inclusive, private sector-led, resilient growth in Tanzania

12 july 2024 - 10:58:44
Dar es Salaam, Tanzania (PANA) - The World Bank Group’s (WBG) Board of Executive Directors has endorsed the new Country [...] Full text...

thread Economy

Approval for the Central Bank of Libya to join the Bank for International Settlements

28 june 2024 - 17:29:47
Tripoli, Libya (PANA) - The Governor of the Central Bank of Libya (BCL), al-Siddik Omar al-Kebir, Thursday discussed with the [...] Full text...

thread Economy

Security Council says regional crisis deepens as Gaza war grinds on

26 june 2024 - 05:53:11
New York, US (PANA) - While the situation in Gaza remains catastrophic, ongoing Israeli settlement expansion and escalating violence in [...] Full text...

thread Society

IMF traces signs of macroeconomic stabilisation in Comoros

22 june 2024 - 10:20:58
Moroni, Comoros (PANA) - Reforms are beginning to bear fruit in the Comoros, with visible signs of macroeconomic stabilisation. But, according [...] Full text...

thread Economy

UN chief warns of ‘cyber mercenaries’ amid spike in weaponising digital tools

21 june 2024 - 07:44:25
New York, US (PANA) - UN Secretary-General António Guterres on Thursday highlighted the dual-edged nature of cyberspace, stressing its potential [...] Full text...

thread Society

Central bank digital currencies can boost Middle East's financial inclusion, payment efficiency: IMF Blog By Serpil Bouza, Marcello Miccoli, Borislava Mircheva

19 june 2024 - 10:13:19
Washington, DC, United States (PANA) - Almost two-thirds of countries in the Middle East and Central Asia are exploring adopting [...] Full text...

thread Economy

IMF urges South Sudan to uphold prudent macroeconomic policies

11 june 2024 - 11:55:15
Juba, South Sudan (PANA) – The International Monetary Fund (IMF) is urging the authorities of South Sudan to return to [...] Full text...

thread Economy

IMF reaches staff-level deal on third review of Zambia’s ECF

05 june 2024 - 13:52:47
Lusaka, Zambia (PANA) - The International Monetary Fund (IMF) and Zambia have reached a staff-level agreement on economic policies and [...] Full text...

thread Economy

Nigeria's national power grid, schools, banks, airports, others shut down as labour begins nationwide strike

03 june 2024 - 12:41:52
Abuja, Nigeria (PANA) – A nationwide strike called by organised labour unions in Nigeria began on Monday and has crippled [...] Full text...

thread Society

Algeria: Investing in data key for diversified growth

22 may 2024 - 19:44:54
Algiers, Algeria (PANA) - Algeria’s economic growth remained dynamic in 2023, with GDP recording a 4.1 per cent increase, driven [...] Full text...

thread Economy

Libyan PM calls for greater role for banks in supporting industrial sector

20 may 2024 - 19:14:04
Tripoli, Libya (PANA) - The Libyan Prime Minister of the Government of National Unity, Abdulhamid al-Dbaiba, has stressed the need [...] Full text...

thread Economy

ECOWAS Bank, Ghana sign MoU for $200 million

14 may 2024 - 10:58:59
Lome, Togo (PANA) - The ECOWAS Bank for Investment and Development (EBID) is to inject $200 million into the Ghanaian [...] Full text...

thread Economy

Libya, IMF focus on assessing general economic and financial situation in Libya

09 may 2024 - 16:40:21
Tripoli, Libya (PANA) - Libya and the International Monetary Fund (IMF) continued discussions Thursday as part of the Article IV [...] Full text...

thread Economy

Governor, BCL and the United Nations Security Council Sanctions Committee meet over Libya

07 may 2024 - 20:00:33
Tripoli, Libya (PANA) - The Governor of the Central Bank of Libya (BCL), Al-Seddik Omar al-Kebir, held a meeting via [...] Full text...

thread Economy

Managing Director of IFC to visit Benin on Wednesday

30 april 2024 - 13:52:53
Cotonou, Benin (PANA) - The Managing Director of the International Finance Corporation (IFC), Makhtar Diop, is expected in Cotonou on [...] Full text...

thread Economy

Libya, Malaysia discuss ICT, Islamic banking finance

27 april 2024 - 12:38:52
Tripoli, Libya (PANA) - A delegation from the High Council of State and the Libyan Ministry of Higher Education and [...] Full text...

thread Society

Libya's Minister for Economy reaffirms importance of investment, trade with Malta

25 april 2024 - 13:39:01
Tripoli, Libya (PANA) - The Libyan Minister of Economy and Trade, Mohamed al-Haweij, has stressed the importance of investment, trade [...] Full text...

thread Economy

Libya attends meeting of IMF's African Consultative Group

17 april 2024 - 17:21:59
Tripoli, Libya (PANA) - The governor of the Central Bank of Libya (BCL), Al-Seddik Omar Al-Kebir Wednesday took part in [...] 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 - 13:14:00
Washington, United States (PANA) - Higher long-term real interest rates, lower growth, and higher debt will put pressure on medium-term [...] Full text...

thread Economy

First Islamic bank opens in Uganda

27 march 2024 - 18:38:07
Kampala, Uganda (PANA) - Ugandan President Yoweri K. Museveni on Wednesday officiated the launch of  Salaam Bank, Uganda's first-ever licensed [...] Full text...

thread Economy

More work is needed to make big banks resolvable: IMF Blog By Tobias Adrian and Marc Dobler

18 march 2024 - 19:24:45
Washington DC, USA (PANA) - Almost a year ago, Credit Suisse, a globally systemic bank with $540 billion in assets [...] Full text...

thread Economy

Sudan internet shutdowns disrupt humanitarian operations

08 march 2024 - 22:50:07
Nairobi, Kenya (PANA) - A near total communication blackout in Sudan following all network and internet shutdowns since February poses [...] Full text...

thread Economy

IMF avails US$390 million under ECF for poverty reduction in Togo

02 march 2024 - 10:50:09
Lomé, Togo (PANA) - The Executive Board of the International Monetary Fund (IMF) has approved a 42-month arrangement of US$390 [...] Full text...

thread Economy

Rwanda’s economic performance strengthened in 2023 despite continued challenges

28 february 2024 - 17:37:02
Kigali, Rwanda (PANA) - Rwanda’s economy grew at 7.6% in the first three quarters of 2023 despite a challenging global [...] Full text...

thread Economy

Malian Induatry minister lays foundation stone for cement factory in Sikasso region

12 february 2024 - 18:34:21
Bamako, Mali (PANA) - Mali's Minister of Industry and Trade, Moussa Alassane Diallo, Saturday laid the foundation stone of a [...] Full text...

thread Economy

Burundi set for stronger economic recovery in 2024: IMF mission

23 january 2024 - 10:20:12
Bujumbura, Burundi (PANA) – A stronger economic recovery is projected in Burundi for 2024, with real GDP expanding by 4.3 [...] Full text...

thread Economy

Libya announces unification of research and statistics departments, financial information unit of the Central Bank

09 january 2024 - 14:56:40
Tripoli, Libya (PANA) - The third meeting of the committee formed to complete the procedures for unifying the branches of [...] Full text...

thread Economy

IMF concludes first reviews of Mauritania’s progress under EFF/ECF arrangements

20 december 2023 - 08:20:39
Nouakchott, Mauritania (PANA) - The International Monetary Fund (IMF) Executive Board has announced completion of the first reviews under the [...] Full text...

thread Economy

2023 AFCON: Ecobank becomes official sponsor

20 december 2023 - 08:14:29
Abidjan, Cote d'Ivoire (PANA) -  The Confederation of African Football (CAF) has signed a deal with Ecobank, one of the [...] Full text...

thread Sports

IMF directors complete review of Comoros Fund-assisted reform programme

16 december 2023 - 11:04:19
Moroni, Comoro (PANA) – The International Monetary Fund (IMF) Executive Board has welcomed the focus on structural reforms to strengthen [...] Full text...

thread Economy

DRC growth resilient amid challenging socioeconomic, security environment: IMF

15 december 2023 - 11:40:49
Kinshasa, DR Congo (PANA) - While economic growth of the Democratic Republic of Congo (DRC) remains resilient, fiscal, depreciation and [...] Full text...

thread Economy

IMF sees near-term prospects for Algerian economy as favourable though inflation still high

15 december 2023 - 09:23:14
Algiers, Algeria (PANA) - Algeria’s economic growth is projected to reach 4.2 percent in 2023, supported by robust activity in [...] Full text...

thread Economy

IMF, World Bank announce US$4.5 billion in debt relief for Somalia

14 december 2023 - 06:24:27
Washington DC, USA (PANA) - The Executive Boards of the International Monetary Fund (IMF) and the World Bank’s International Development [...] Full text...

thread Economy

A woman has to earn everything in life - Unveiling the challenges faced by Luanda's young women: World Bank Blog By Ana Luiza Machado, Miriam Muller and Liliana Sousa

11 december 2023 - 06:44:18
Luanda, Angola (PANA) - A statement by a young woman in Luanda, Angola echoes an experience faced by countless others: [...] Full text...

thread Gender

Libyan Prime Minister welcomes cooperation with Malaysia

08 december 2023 - 14:58:23
Tripoli, Libya (PANA) - The Libyan Prime Minister, Abdulhamid al Dbaiba, has welcomed the cooperation between the Libyan National Council [...] Full text...

thread Politics

Financial crimes hurt economies - must be better understood and curbed: IMF Blog By Carolina Claver, Chady El Khoury, and Rhoda Weeks-Brown

07 december 2023 - 19:10:48
Washington DC, United States (PANA) - The fight against financial crime isn’t lost, but the world needs to do more [...] Full text...

thread Economy

Zambia set to access $184 million in IMF financing

21 november 2023 - 10:18:19
Lusaka, Zambia (PANA) - Zambian authorities and the International Monetary Fund (IMF) team have reached a staff-level agreement on economic [...] Full text...

thread Economy

Libya strives to modernise its fiscal, monetary policy frameworks with IMF support

21 november 2023 - 09:33:36
Tripoli, Libya (PANA) – An International Monetary Fund (IMF) mission visiting Libya has expressed the Fund’s deepest condolences to the [...] Full text...

thread Economy

IMF and Libya end preliminary meetings

17 november 2023 - 12:34:12
Tripoli, Libya (PANA) - The preliminary meetings of the Article 4 consultations between Libya and the International Monetary Fund (IMF), [...] Full text...

thread Economy

Karim Khan reveals acceleration of ICC investigations in Libya with 4,000 items of evidence collected

09 november 2023 - 12:37:56
Tripoli, Libya (PANA) - The Prosecutor of the International Criminal Court (ICC), Karim Khan, has reported an acceleration in the [...] Full text...

thread Politics

Scaling innovation: Expanding We-Fi's digital cash flow product across Africa – World Bank Blog By Siegfried Zottel and Sean Ding

03 november 2023 - 18:26:11
Accra, Ghana (PANA) - Imagine being seated across from a loan officer in a bank, stepping into the shoes of [...] Full text...

thread Gender

Comorian authorities, IMF staff reach deal on economic policies and reforms

02 november 2023 - 13:58:16
Moroni, Comoro (PANA) – The Comoros’ expected growth in 2023 reflects an ongoing rebound in economic activity, says the International [...] Full text...

thread Economy

IMF, DRC reached staff-level deal on Extended Credit Facility

31 october 2023 - 18:41:49
Kinshasa, DR Congo (PANA) – Regardless of a difficult and uncertain environment, the economy of the Democratic Republic of Congo [...] Full text...

thread Economy

World Bank partners with South Sudan to strengthen Central Bank's institutional capacity

18 october 2023 - 07:05:37
Juba, South Sudan (PANA) — A new, first of its kind project in South Sudan will support the institutional strengthening [...] Full text...

thread Economy

New look at global banks highlights risks from higher-for-longer interest rates: IMF Blog by Charles Cohen, Srobona Mitra, Fabio Natalucci

17 october 2023 - 10:18:02
Washington DC, United States (PANA) - Central banks could keep interest rates higher for longer as they fight to curb [...] Full text...

thread Economy

Governor of Central Bank of Libya attennds IMF's annual meetings in Morocco

14 october 2023 - 15:11:24
Tripoli, Libya (PANA) - The Governor of the Central Bank of Libya (BCL), al-Seddik al-Kebir, took part on Friday in [...] Full text...

thread Economy

Higher-for-longer interest rate environment is squeezing more borrowers: IMF Blog By Tobias Adrian

11 october 2023 - 08:00:15
Washington, DC, United States (PANA) - The world’s central banks have unleashed the steepest series of interest-rate increases in decades [...] Full text...

thread Economy

Resilient global economy still limping along, with growing divergences: IMF Blog By Pierre-Olivier Gourinchas

10 october 2023 - 15:34:50
Washington DC, United States (PANA) - The global economy continues to recover from the pandemic, Russia’s invasion of Ukraine and [...] Full text...

thread Economy

New WB report identifies reforms to address fiscal challenges to inclusive growth in Comoros

08 october 2023 - 13:59:02
Moroni, Comoros (PANA) -  The World Bank says that, for Comoros to have a fiscal policy that achieves inclusive growth, [...] Full text...

thread Economy

Decline in oil output likely to upset Equatorial Guinea’s recovery prospects

07 october 2023 - 09:38:44
Malabo, Equatorial Guinea (PANA) - Economic indicators in 2022 registered improvements after a long recession in Equatorial Guinea as real [...] 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 - 10:02:42
Washington DC, US (PANA) - Cross-border financial crime is here to stay. While people everywhere enjoy the convenience of a [...] Full text...

thread Economy

Internet celebrates its 40th birthday, but some users are twice its age! World Bank Blog

01 september 2023 - 15:45:07
Washington DC, US (PANA) - Does internet help you to stay in touch with family and friends? If you answered [...] Full text...

thread Society

Botswana registers strong recovery, plans fiscal expansion in 2023

31 august 2023 - 16:41:59
Gaborone, Botswana (PANA) - Botswana’s growth is expected to slow to 3.8 per cent in 2023 due to a projected [...] Full text...

thread Economy

US businesses in South Sudan urged to undertake 'robust' due diligence on corruption

15 august 2023 - 05:53:32
Washington, DC, US (PANA) - U.S. businesses and Americans operating in South Sudan and the region should undertake robust due diligence [...] Full text...

thread Economy

Negotiated solution only way to end Sudan war: senior UN official

10 august 2023 - 06:41:57
New York, US (PANA) - Ongoing mediation efforts aimed at resolving the conflict in Sudan are critical, a senior UN [...] Full text...

thread Politics

Sudan conflict: Local aid workers face hundreds of job losses

04 august 2023 - 12:53:50
Nairobi, Kenya (PANA) - Sudan’s conflict has had a devastating impact on local aid workers, even as they take the [...] Full text...

thread Society

Global recovery slows amid widening divergences among economic sectors and regions: IMF

26 july 2023 - 06:34:11
Washington, DC, US (PANA) - While the forecast for 2023 is modestly higher than predicted in the April 2023 World [...] Full text...

thread Economy

Global economy on track but not yet out of the woods: IMF Blog

25 july 2023 - 16:42:46
Washington, DC, US (PANA) - The global economy continues to gradually recover from the pandemic and Russia’s invasion of Ukraine. [...] Full text...

thread Economy

Sudan crisis: Finance minister says no salaries for fourth month running

14 july 2023 - 17:03:03
Khartoum, Sudan (PANA) - The Sudanese government says it is not able to provide salaries for thousands of employees for [...] Full text...

thread Economy

Everything you need to know about the FIFA Women’s World Cup

10 july 2023 - 08:10:52
Zurich, Switzerland (PANA) - The countdown is on to the FIFA Women’s World Cup, to be hosted by Australia and [...] Full text...

thread Sports

IMF expresses concern about Uganda’s anti-LGBT law and development partners

22 june 2023 - 14:55:00
Kampala, Uganda (PANA) - The Ugandan economy is projected to grow by 6 per cent in year 2023/24 while the [...] Full text...

thread Economy

AfDB moves to save thousands of African children at risk of dying before their fifth birthday

21 june 2023 - 08:47:46
Abidjan, Cote d'Ivoire (PANA) - At least 216 million African children suffer from stunting and malnutrition in sub-Saharan Africa, where [...] Full text...

thread Health

Equatorial Guinea’s economy projected to decline by 6.4 percent: IMF team

10 june 2023 - 10:09:47
Malabo, Equatorial Guinea (PANA) - Equatorial Guinea’s economy expanded in 2022 for the first time since 2014, with real GDP [...] Full text...

thread Economy

Global economy on precarious footing amid high interest rates: WB report

06 june 2023 - 11:36:17
EDS: EMBARGOED: NOT FOR PUBLICATION, BROADCAST, OR TRANSMISSION UNTIL TUESDAY, 6 June, 2023, AT 1:30 PM UTC. Washington, DC, US (PANA) [...] Full text...

thread Economy

Libyan Economy Minister calls for development of the banking system

20 may 2023 - 12:38:37
Tripoli, Libya (PANA) - Libyan Minister of Economy and Trade, Mohamed al-Haweij, has stressed the need to develop the banking [...] Full text...

thread Economy

Libya records US$23.5 billion GDP and 5.5 growth rate in 2022 - senior CBL official

17 may 2023 - 15:18:04
Tripoli, Libya (PANA) - Libya recorded a total of 113 billion Libyan dinars (about 23.5 billion U.S. dollars) in gross [...] Full text...

thread Economy

Juba feels burden of returning citizens from conflict-ridden Sudan

17 may 2023 - 12:22:45
Juba, South Sudan (PANA) - The return of tens of thousands of South Sudanese refugees from Sudan is exacerbating an [...] Full text...

thread Economy

Sudan conflict: Fighting escalates in West Darfur’s Geneina - Humanitarian charity

16 may 2023 - 13:02:14
Khartoum, Sudan (PANA) - For the second time in three weeks, West Darfur’s Geneina was at the centre of senseless [...] Full text...

thread Politics

Sudan conflict: Displacement doubles in one week, says IOM

09 may 2023 - 16:53:25
Geneva, Switzerland (PANA)  - The number of internally displaced (IDPs) in Sudan has more than doubled in just the last [...] Full text...

thread Society

IMF team, DRC officials reach staff-level deal on ECF fourth review

04 may 2023 - 08:35:59
 Kinshasa, DR Congo (PANA) – Showing resilience, and with real GDP growth at 8.9 per cent in 2022, the economy [...] Full text...

thread Economy

Libyan PM praises communications sector for keeping Libyans informed

02 may 2023 - 20:04:58
Tripoli, Libya (PANA) - The Libyan Prime Minister of the National Unity Government, Abdelhamid Al-Dbaiba, has praised the national strategy [...] Full text...

thread Economy

Burundi Central Bank to liberalize foreign exchange market

30 april 2023 - 18:29:48
Bujumbura, Burundi (PANA) - The Bank of the Republic of Burundi (BRB, central bank) has announced in a statement that [...] Full text...

thread Economy

On second thought: What is really going on here? A reflection by Sudanese journalists about ongoing fighting in the country (A Feature by Mohamed Osman Adam, PANA, correspondent)

30 april 2023 - 16:35:32
Khartoum, Sudan (PANA) - It all started with a comment from a South African radio station presenter: “How come you [...] Full text...

thread Society

Libyan Central Bank governor meets bankers on improving services, use of electronic payments in Libya

20 april 2023 - 14:53:42
Tripoli, Libya (PANA) - The Governor of the Central Bank of Libya (CBL), al-Seddik al-Kebir, on Wednesday discussed with Libyan [...] Full text...

thread Economy

Libyan PM meets traders, livestock importers over meat for Eid al-Adha festiva

17 april 2023 - 17:16:47
Tripoli, Libya (PANA) - Libyan Prime Minister of the Government of National Unity Abdelhamid Al-Dbaiba met Monday with livestock and [...] Full text...

thread Politics

Reform global financial architecture to achieve sustainable development: UN deputy chief

14 april 2023 - 08:47:24
Washington, DC, US (PANA) - The Sustainable Development Goals (SDGs) are “slipping from our grasp” amid cascading global crises, highlighting [...] Full text...

thread Economy

Global outlook is uncertain amid financial sector turmoil, high inflation: IMF

12 april 2023 - 08:36:23
Washington, DC, US (PANA) - Tentative signs in early 2023 that the world economy could achieve a soft landing—with inflation [...] Full text...

thread

Global financial system tested by higher inflation and interest rates: IMF Blog

11 april 2023 - 17:30:36
Washington, DC, US (PANA) - Banking oversight was significantly strengthened after the global financial crisis, in part by requirements for [...] Full text...

thread Economy

Mauritius to become a plastic free country

11 april 2023 - 10:36:19
Port-Louis, Mauritius (PANA) – The Mauritian Minister of Environment, Solid Waste Management and Climate Change, Mr Kavydass Ramano, on Tuesday, said [...] Full text...

thread Environment

World Bank steps up support to Morocco's financial, digital inclusion reforms

03 april 2023 - 18:51:10
Rabat, Morocco (PANA) – Adding to two previous financings, the Board of Directors of the World Bank has approved a [...] Full text...

thread Economy

Tunisia reforming energy subsidies to enhance economic resilience

30 march 2023 - 11:07:38
Tunis, Tunisia (PANA) - Tunisia's economic recovery slowed in 2022 while the current account and fiscal deficit rose amid mounting [...] Full text...

thread Economy

Global economy’s 'speed limit' set to fall to three-decade low: WB report

27 march 2023 - 13:38:19
Washington, DC, US (PANA) - The global economy’s “speed limit”—the maximum long-term rate at which it can grow without sparking [...] Full text...

thread Economy

Libyan govt establishes group to monitor cash availability during Ramadan

24 march 2023 - 13:40:58
Tripoli, Libya (PANA) - A meeting of senior officials of the Libyan government has agreed to form a chamber between [...] Full text...

thread Society

Central banks must enhance transparency to build trust: IMF

24 march 2023 - 05:10:03
Washington, DC, US (PANA) - Economic and financial turbulence calls for greater transparency from policymakers, says the International Monetary Fund [...] Full text...

thread Society

CBL-IMF consultations end on need for Libya to diversify its sources of income

18 march 2023 - 07:59:47
Tripoli, Libya (PANA) - The Governor of the Bank of Libya (CBL), Al-Seddik Omar al-Kebir, concluded on Friday in the [...] Full text...

thread Economy

CBL and IMF discuss the development of banking services in Libya

15 march 2023 - 14:14:12
Tripoli, Libya (PANA) - Officials from the Central Bank of Libya (CBL) Wednesday discussed with the International Monetary Fund (IMF) [...] Full text...

thread Economy

Financial services gradually resume in Tigray

24 february 2023 - 23:55:39
Addis Ababa, Ethiopia (PANA) - Financial services including banking, telecommunication and energy supply services have gradually resumed in Ethiopia's northern [...] Full text...

thread Economy

Libyan newspaper reveals new act of France's decline embodied in ''Donquichottesque' battle with Morocco

24 february 2023 - 19:47:25
Tripoli, Libya (PANA) - The Libyan newspaper - Alsabaah - considers that many French diplomats and high ranking politicians, as [...] Full text...

thread Press Review

2023 U20 AFCON: CAF releases list of match officials

19 february 2023 - 06:23:58
Cairo, Egypt (PANA) - A list of 16 referees, 18 assistant referees and six video assistant referees (VAR) has been [...] Full text...

thread Sports

IMF assigns resident financial adviser to Ghana's central bank

15 february 2023 - 10:54:20
Accra, Ghana (PANA) - The International Monetary Fund (IMF) has appointed a financial adviser to Ghana's central bank, which the [...] Full text...

thread Economy

BCEAO governor hails resilience of Burkina Faso economy

13 february 2023 - 20:09:29
Ouagadougou, Burkina Faso (PANA) - The Governor of the Central Bank of West African States (BCEAO), Jean-Claude Kassi Brou, on [...] Full text...

thread Economy

Tigray peace monitoring team urges opening of schools

11 february 2023 - 22:10:38
Addis Ababa, Ethiopia (PANA) - The Joint Committee monitoring the peace process in Ethiopia's northern region of Tigray has praised [...] Full text...

thread Politics

World Bank approves $120 million to support finance for Tunisia’s SMEs

09 february 2023 - 07:49:36
Tunis, Tunisia (PANA) – The World Bank has approved a US$120 million loan for Tunisia to fund the project ‘Support [...] Full text...

thread Economy

Continued urgent action needed to prevent food and nutrition crisis from worsening

09 february 2023 - 06:14:53
Geneva, Switzerland (PANA) - As millions worldwide continue to go hungry, leaders of five international humanitarian, banking and trade organisations [...] Full text...

thread Agriculture

Libyan Oil Company holds forum to support oil and gas sector

04 february 2023 - 05:38:38
Tripoli, Libya (PANA) - A forum to support the oil and gas sector in Libya, which aims to present the [...] Full text...

thread Economy

Ethiopian crisis: PM Abiy, TPLF leader Tadesse lead delegatons for first high level talks

03 february 2023 - 18:35:40
Addis Ababa, Ethiopia (PANA) - Top officials of the Ethiopian government and Tigray People's Liberation Front (TLLF) on Friday held [...] Full text...

thread Politics

Ethiopian crisis: US commends commiment of government, TPLF to peace agreement

03 february 2023 - 06:22:16
Washington, DC, US (PANA) - The US has commended the Ethiopian government and rebel Tigray People's Liberation Front (TPLF) for [...] Full text...

thread Politics

IMF staff concludes governance diagnostic for the Gambia

27 january 2023 - 16:47:52
Banjul, Gambia (PANA) - At the request of the government, an International Monetary Fund (IMF) mission led by Olivier Basdevant has [...] Full text...

thread Economy

IMF approves US$ 86.9 million Extended Fund Facility for Mauritania

26 january 2023 - 07:12:34
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) has concluded the Article IV consultation [...] Full text...

thread Economy

UAE, DR Congo set up company to purchase DR Congo gold

14 january 2023 - 18:33:42
Kinshasa, DR Congo (PANA) - DR Congo and the United Arab Emirates have set up a company, Primera Gold DRC, [...] Full text...

thread Economy

Burundi central bank imposes ceiling on daily, monthly cash withdrawal

14 january 2023 - 13:37:27
Bujumbura, Burundi (PANA) - The Central Bank of the Burundi (BRB) has imposed daily and monthly withdrawals from banks to [...] Full text...

thread Economy

Third Libyan International Banking, Insurance and Investment Fair begins

11 january 2023 - 13:35:47
Tripoli, Libya (PANA) - Libya's Deputy Minister of Economy and Trade, Souhail Abou Chiha, on Tuesday inaugurated the Third International [...] Full text...

thread Economy

Ethiopian crisis: PM Abiy orders essential services to be restored in Tigray region

27 december 2022 - 10:35:06
Addis Ababa, Ethiopia (PANA) - The Ethiopian national carrier, Ethiopian Airlines, is to resume flights to the Tigray region capital, [...] Full text...

thread Politics

IMF Executive Board approves US$ 149.3 million Disbursement for Chad

23 december 2022 - 11:27:47
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) on Thursday approved the disbursement of SDR [...] Full text...

thread Economy

Sahel-Saharan Bank holds annual general meeting

20 december 2022 - 13:11:04
Tripoli, Libya (PANA) -The ordinary general assembly of the Sahel-Saharan Bank for Investment and Commerce (BSIC) for the year 2022 [...] Full text...

thread Economy

Abdelhamid Al-Dbaiba announces measures for return of SEN-SAD to Tripoli

19 december 2022 - 16:00:03
Tripoli, Libya (PANA) - The Prime Minister of the National Unity Government, Abdelhamid Al-Dbaiba, announced here Monday that necessary measures [...] Full text...

thread Economy

Djibouti needs urgent action to restore debt sustainability: IMF mission

17 december 2022 - 08:57:57
Djibouti City, Djibouti (PANA) – Large investments over the past decade have driven strong economic growth in Djibouti, but the [...] Full text...

thread Economy

Former Senegalese minister to lead green energy infrastructure alliance

13 december 2022 - 17:19:46
Abidjan, Cote d'Ivoire (PANA) -  African Development Bank Group President Dr. Akinwumi Adesina has appointed Senegal’s former minister Amadou Hott [...] Full text...

thread Economy

US sanctions four Zimbabweans, including president's son; removes 17 from sanctions list

13 december 2022 - 06:55:09
Washington, D.C., US (PANA) - The U.S. Department of the Treasury’s Office of foreign Assets Control (OFAC) on Monday imposed sanctions on [...] Full text...

thread Politics

CBL Governor discusses banking sector and financial stability issues in the UAE

08 december 2022 - 14:55:47
Tripoli, Libya (PANA) - The governor of the Central Bank of Libya (CBL), Seddik al-Kebir, discussed Thursday in the capital [...] Full text...

thread Economy

Ethiopian crisis: Electricity restored to Tigray capital Mekelle

07 december 2022 - 13:03:57
Addis Ababa, Ethiopia (PANA) – Electricity has been restored to Mekelle, the capital of Tigray region of Ethiopia, after more [...] Full text...

thread Economy

EBRD and EU support micro, small and medium-sized enterprises in Egypt

24 november 2022 - 13:22:36
Cairo, Egypt (PANA) - The European Bank for Reconstruction and Development (EBRD) announced on Thursday a financial package of up [...] Full text...

thread Economy

US companies urged to invest in Libya

19 november 2022 - 17:44:20
Tripoli, Libya (PANA) - The Governor of the Central Bank of Libya (BCL), Seddik al-Kebir, has urged US companies to [...] Full text...

thread Economy

Libyan central bank Governor calls for adoption of banking supervision standards

18 november 2022 - 11:33:52
Tripoli, Libya (PANA) - The Governor of the Central Bank of Libya (CBL), Seddik al-Kebir, on Thursday stressed the importance [...] Full text...

thread Economy

International Conference on Digital Economy and Digital Banking opens in Mauritius

31 october 2022 - 17:05:50
Pte-aux-Piments, Mauritius (PANA) - Mauritian Prime Minister Pravind Kumar Jugnauth on Monday opened a two-day international conference on digital economy [...] Full text...

thread Economy

Ethiopian crisis: Tigray conflict is a health crisis for 6 million people: WHO chief

20 october 2022 - 05:26:50
Geneva, Switzerland (PANA) - The Director of the World Health Organisation (WHO) urged the international community and the media on [...] Full text...

thread Society

Traders in Accra shut their shops to protest high cost of doing business

19 october 2022 - 11:23:57
Accra, Ghana (PANA) - Traders in the Ghanaian capital, Accra, closed their shops on Wednesday on the first day of [...] Full text...

thread Economy

77th UN General Assembly: Macky Sall calls for fairer global governance

21 september 2022 - 19:20:40
Dakar, Senegal (PANA) - The Senegalese president, Macky Sall, said on Tuesday, before the 77th General Assembly of the United [...] Full text...

thread Politics

Libya attends 46th session of Council of Arab Central Bank Governors

19 september 2022 - 13:51:03
Tripoli, Libya (PANA) - The Governor of the Central Bank of Libya (CBL), Seddik Omar al-Kebir, is attending 46th session [...] Full text...

thread Economy

WHO warns of disease threat amid Horn of Africa drought

18 august 2022 - 05:26:43
Geneva, Switzerland (PANA) - The Director-General of the World Health Organization (WHO) on Wednesday highlighted the need to support millions [...] Full text...

thread Society

President Barrow says digital innovations have impressively transformed global financial landscape

04 august 2022 - 14:11:07
    Banjul, Gambia (PANA) - Gambian President Adama Barrow has stated that digital innovations have impressively transformed the global financial landscape, with [...] Full text...

thread Economy

IMF points to risks in Equatorial Guinea’s recovery, food insecurity

30 july 2022 - 10:05:46
Washington, DC, US (PANA) - Equatorial Guinea’s economy is slowly emerging from the ravages of the coronavirus (COVID-19) pandemic and [...] Full text...

thread Economy

US fintech firm buys Kenyan microfinance bank

29 july 2022 - 13:41:06
Nairobi, Kenya (PANA) - US-registered financial technology firm, UMBA,  has taken a controlling stake in the Daraja Micro-Finance Bank, licensed [...] Full text...

thread Economy

Cameroon’s economic outlook for 2022 remains positive despite ‘great uncertainties’ - IMF

26 july 2022 - 07:30:17
Yaoundé, Cameroon (PANA) – The Executive Board of the International Monetary Fund (IMF) has concluded the Second Reviews of the [...] Full text...

thread Economy

Tunisian Islamist movement denies accusations of terrorist financing, money laundering

07 july 2022 - 18:38:45
Tunis, Tunisia (PANA) - The spokesperson of the Tunisian Islamist Movement (Ennahdha), Imed Khemiri, refuted here Thursday accusations of suspected [...] Full text...

thread Politics

Seychelles' economy strongly recovered in 2021, GDP growth above expectations - IMF

30 june 2022 - 09:26:28
Washington DC, US (PANA) – Seychelles has secured US$8.7 million from the International Monetary Fund (IMF) after the Executive Board  [...] Full text...

thread Economy

Africa must separate the wheat from Russia’s geopolitical chaff

16 june 2022 - 12:29:50
Pretoria, South Africa (PANA) - Russia’s war against Ukraine is intensifying and, as a result, African countries are increasingly being [...] Full text...

thread Society

Libya ends banking conference on compliance system and fight against money laundering

10 june 2022 - 17:56:58
Tripoli, Libya (PANA) - The work of the "Libyan Banking Conference on Compliance" devoted to the fight against money laundering [...] Full text...

thread Economy

IMF team checks on Sierra Leone’s economic recovery from COVID-19 pandemic

08 june 2022 - 07:05:12
Freetown, Sierra Leone (PANA) – Sierra Leone is set to secure US$20.8 million financial support from the International Monetary Fund [...] Full text...

thread Economy

US Secretary of State, AUC chairman discuss effects of Russian invasion on global food security

08 june 2022 - 06:35:38
Washington, US (PANA) - US Secretary of State, Antony Blinken, on Tuesday spoke with African Union Commission Chairperson (AUC) Moussa Faki [...] Full text...

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Global economic growth downgraded due to 'spillover from Ukraine war'

19 may 2022 - 05:45:10
New York, US (PANA) - The global economy is expected to grow by only 3.1 per cent this year, down [...] Full text...

thread Economy

Libya takes delivery of 7,000 tonnes of wheat at port of Tripoli

07 may 2022 - 16:01:13
Tripoli, Libya (PANA) - Libya Friday took delivery of 7,000 tons of wheat at the seaport of Tripoli, illustrating the [...] Full text...

thread Economy

Ethiopian crisis: Essential aid reaches Tigray region, but more still needed

06 may 2022 - 05:10:48
New York, US (PANA) - A convoy carrying desperately needed humanitarian aid arrived in the capital of the restive Tigray [...] Full text...

thread Society

Standard Chartered Bank executives brief President Barrow on bank’s exit plan

21 april 2022 - 16:55:04
Banjul, Gambia PANA (PANA) - Standard Chartered Bank officials Thursday  briefed President Adama Barrow on the Bank’s divestiture plans in [...] Full text...

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ECOWAS Bank for Investment and Development appoints new board chairman

18 april 2022 - 05:31:35
Lome, Togo (PANA) - The Board of Governors of the ECOWAS Bank for Investment and Development (EBID) has unanimously appointed the Deputy [...] Full text...

thread Economy

Ethiopian crisis: US welcomes delivery of humanitarian aid to Tigray

16 april 2022 - 05:47:49
Washington, DC, US (PANA) - The United States has welcomed the arrival  on Friday of a convoy of trucks carrying [...] Full text...

thread Society

Pump attendants at three major petrol stations in Mali observe 72-hour strike

07 april 2022 - 16:16:11
Bamako, Mali (PANA) - Pump attendants of Total Energies, Shell Energie and Oryx Energie, the three biggest petrol stations in [...] Full text...

thread Social

Ethiopian crisis: Rights group laids Addis Ababa's humanitarian truce

27 march 2022 - 05:31:17
Addis Ababa, Ethiopia (PANA) - Amnesty International has lauded the humanitarian truce announced by the Ethiopian Federal Government in the [...] Full text...

thread Society

Ethiopian crisis: UN chief welcomes Tigray humanitarian ceasefire agreement

25 march 2022 - 20:58:31
New York, US (PANA) - The UN chief on Friday welcomed the declaration of an indefinite humanitarian truce on the part [...] Full text...

thread Society

Senegal, IFC sign agreement for construction of 30,000 housing units

24 march 2022 - 19:42:46
Dakar, Senegal (PANA) - The Senegalese Sovereign Strategic Investment Fund (FONSIS) and the International Finance Corporation (IFC), a subsidiary of [...] Full text...

thread Economy

Burundi president launches women only bank

03 march 2022 - 21:28:17
Bujumbura, Burundi (PANA) - The Head of State, Evariste Ndayishimiye, on Thursday launched an investment and development bank dedicated to [...] Full text...

thread Economy

Cameroonian journalist to lead New York-based investment banker's Africa expansion

26 february 2022 - 00:04:21
New York, US (PANA) – Cameroonian broadcast journalist, Michel Lobé Ewané, has been named a Board member of the New [...] Full text...

thread Economy

Gambia’s Central Bank Governor says remittances rise to US$776.67

24 february 2022 - 09:54:39
Banjul, Gambia (PANA) - Remittances of individuals to the Gambia increased remarkably to US$776.67 in 2021, as they continued to [...] Full text...

thread Economy

Over US$44 million collected in four years in Libya from customs corruption cases

07 february 2022 - 13:53:03
Tripoli, Libya (PANA) - A total of 200 million dinars or about US$44.4 million was collected in customs corruption cases [...] Full text...

thread Society

Mauritius Central Bank launches financial literacy strategy

31 january 2022 - 07:19:01
Port Louis, Mauritius (PANA) - The Central Bank of Mauritius has launched its Financial Literacy Strategy that focuses on educating [...] Full text...

thread Economy

Mauritius Central Bank signs MOU on cooperation with Luxemburg financial agency

17 january 2022 - 09:10:15
Port Louis, Mauritius (PANA) - The Mauritius Central Bank and the Commission de Surveillance du Secteur Financier of Luxemburg (CSSF) [...] Full text...

thread Economy

Displacements worsening humanitarian needs in Ethiopia

10 december 2021 - 00:17:07
Addis Ababa, Ethiopia (PANA) - The situation in northern Ethiopia continues to be highly fluid and unpredictable, with ongoing fighting [...] Full text...

thread Society

Central banks of Mauritius and Ghana sign MOU

29 november 2021 - 08:33:21
Port-Louis, Mauritius (PANA) – The central banks of Mauritius and Ghana at the weekend signed a Memorandum of Understanding (MOU) [...] Full text...

thread Economy

Bank of Mauritius issues banking licence to Silver Bank Ltd

11 november 2021 - 16:51:20
Port-Louis, Mauritius (PANA) – The Bank of Mauritius on Thursday, issued a Banking Licence to Silver Bank Limited, formerly known [...] Full text...

thread Economy

Coronavirus: Growing digital divide threatens recovery from pandemic: EBRD study

10 november 2021 - 12:39:24
London, UK (PANA) - A growing digital divide is emerging as a major threat to a robust recovery from the [...] Full text...

thread Society

Development partners’ support crucial for addressing humanitarian situation in Malawi: IMF Team

06 november 2021 - 07:40:18
Lilongwe, Malawi (PANA) – As Malawi faces urgent needs to address the humanitarian situation, strengthen public sector governance, restore debt [...] Full text...

thread Economy

Ethiopian crisis: UN chief 'extremely concerned' as Ethiopia crisis escalates

03 november 2021 - 06:19:01
Addis Ababa, Ethiopia (PANA) - UN Secretary-General António Guterres has expressed extreme concern at the escalation of violence in Ethiopia [...] Full text...

thread Politics

Libyan PM denies accusing Tunisia of controlling funds of Libyans

29 october 2021 - 12:09:38
Tripoli, Libya (PANA) - Libyan government spokesperson Mohamed Hamouda has said that Prime Minister Abdelhamid al-Dbaiba's statement regarding Libyans' money [...] Full text...

thread Politics

Disruptions of aid distribution in Ethiopia continues

28 october 2021 - 20:27:01
Addis Ababa, Ethiopia (PANA) - The overall situation in Northern Ethiopia remains unpredictable, volatile, and highly tense, UN aid agencies [...] Full text...

thread Politics

Libyan Central Bank, French foundation discuss development of Libyan banking sector

28 october 2021 - 11:50:11
Tripoli, Libya (PANA) - The Governor of the Central Bank of Libya (BCL), Seddik al-Kabir, spoke on Wednesday about cooperation [...] Full text...

thread Economy

Coronavirus: DR Congo economy makes quick turnaround: IMF Team

28 october 2021 - 09:25:34
Kinshasa, DR Congo (PANA) - Boosting public investment and social spending by the government in Democratic Republic of Congo (DRC) [...] Full text...

thread Economy

Coronavirus: Pandemic slows down Uganda’s economic recovery - IMF Team

21 october 2021 - 10:12:30
Kampala, Uganda (PANA) - The second COVID-19 wave has delayed Uganda’s economic recovery, with growth remaining close to half the [...] Full text...

thread Economy

DR Congo starts Ebola vaccination after latest confirmed case

14 october 2021 - 05:42:13
Kinshasa, DR Congo (PANA) – Ebola vaccination began on Wednesday in the Democratic Republic of the Congo’s North Kivu Province where [...] Full text...

thread Health

World Bank commends Sudan's progress in moving from fragility to peace

30 september 2021 - 13:48:39
Khartoum, Sudan (PANA) - The World Bank has commended the performance of the Sudanese economy and its progress in macroeconomic [...] Full text...

thread Economy

'Restoration of Algeria-Morocco relations vital to Africa’s free trade ambition'

30 september 2021 - 12:15:37
Addis Ababa, Ethiopia (PANA) – As the diplomatic spat between Algeria and Morocco widened last week with the banning of [...] Full text...

thread Economy

Nigeria's Biafra secessionists announce alliance with Cameroonain separatists

25 september 2021 - 19:30:22
Abuja, Nigeria (PANA) – The separatist Indigenous People of Biafra (IPOB) has declared that from Saturday, 15 September, “all Nigerian [...] Full text...

thread Politics

Coronavirus: IMF approves US$67.38 million emergency support to Equatorial Guinea

17 september 2021 - 10:03:33
Washington, US (PANA) - The Executive Board of the International Monetary Fund (IMF) has approved a disbursement of US$67.38 million [...] Full text...

thread Economy

AfDB approves Multinational Trade Finance Risk Participation Agreement facility for Standard Chartered

15 september 2021 - 15:03:08
Abidjan, Côte d'Ivoire (PANA) - The Board of Directors of the African Development Bank (AfDB) Group has approved a $50 [...] Full text...

thread Economy

Bandits in northwestern Nigeria beg for dialogue after sustained military operations

12 september 2021 - 14:44:46
Abuja, Nigeria (PANA) – The sustained aerial and ground operations by the Armed Forces of Nigeria is forcing the terror [...] Full text...

thread Society

Libya and Malta agree to step up bilateral investments

10 september 2021 - 17:57:22
Tripoli, Libya (PANA) - Libya and Malta have agreed on a number of measures, the most important of which is [...] Full text...

thread Politics

Gambia’s domestic debt is over US$713,169,000 - Central Bank

09 september 2021 - 18:51:09
Banjul, Gambia (PANA)- The Gambia's Central Bank Governor Buah Saidy said on Thursday the outstanding domestic debt stock has increased [...] Full text...

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Libya's Presidential Council chairman discusses unification of Central Bank branches with Governor

09 september 2021 - 11:02:06
Tripoli, Libya (PANA) - The Chairman of the Libyan Presidential Council, Mohamed al-Manfi, on Wednesday discussed with the Governor of [...] Full text...

thread Politics

Coronavirus: IMF approves US$567.25 million in emergency support to Tanzania

08 september 2021 - 06:22:39
Dar es Salaam, Tanzania (PANA) – Tanzania has secured US$567.25 million or 100 percent of its quota in emergency financing [...] Full text...

thread Economy

Libya's elections linked to withdrawal of foreign fighters : Local newspaper

03 september 2021 - 12:53:48
Tripoli, Libya (PANA) - The ministerial meeting of Libya's neighbours, held on Monday and Tuesday in Algiers, did not find [...] Full text...

thread Politics

Libyan PM announces revival of suspended development projects

28 august 2021 - 11:10:44
Tripoli, Libya (PANA) - Libyan Prime Minister Abdelhamid al-Dbaiba announced on Friday evening the launch of a project to revive [...] Full text...

thread Politics

Challenges are opportunities in Africa despite Covid-19: 2021 Singapore-Africa Business Forum

24 august 2021 - 13:27:33
Singapore (PANA) - The global Covid-19 pandemic should not dampen investor appetite in Africa as the continent remains an investment [...] Full text...

thread Economy

Ethiopian crisis: US calls on Addis Ababa to allow humanitarian assistance into Tigray

20 august 2021 - 13:34:19
Washington, US (PANA) - The U.S. is calling on the Ethiopian government to immediately allow humanitarian assistance to swiftly move [...] Full text...

thread Society

Ethiopian crisis: Humanitarian group says $27 million urgently needed to provide emergency shelter in Tigray

19 august 2021 - 11:59:32
Addis Ababa, Ethiopia (PANA) – The Ethiopia Emergency Shelter and Non-Food Item (ES/NFI) Cluster led by the International Organization for Migration (IOM) says US$27 [...] Full text...

thread Society

Ethiopian Crisis: ‘Heartbreaking’ devastation in Tigray, says UN humanitarian chief

04 august 2021 - 16:58:15
Mekelle, Ethiopia (PANA) - The new UN Emergency Relief Coordinator ended a six-day mission to Ethiopia with a fresh push to get badly needed food and other supplies [...] Full text...

thread Society

Tigray fighting hampering relief operations in northern Ethiopia

30 july 2021 - 22:32:10
Addis Ababa, Ethiopia (PANA) - Humanitarian organisations have faced serious challenges in delivering aid to the troubled Northern region of [...] Full text...

thread Politics

Coronavirus: IMF approves US$105.63 million extended arrangement for Seychelles

30 july 2021 - 12:51:22
Victoria, Seychelles (PANA) – The International Monetary Fund (IMF) has approved a 32-month extended arrangement for US$105.63 million to support [...] Full text...

thread Economy

Coronavirus: IMF approves US$553.2 million to help Gabon navigate pandemic crisis

29 july 2021 - 13:18:58
Libreville, Gabon (PANA) – The COVID-19 pandemic and the fall in oil prices have severely hit the Gabonese economy, deteriorating [...] Full text...

thread Economy

Coronavirus: Burundi seeks IMF assistance to combat pandemic impacts

28 july 2021 - 09:41:00
Bujumbura, Burundi (PANA) – Struggling with critically low international reserves and decreased exports, Burundi has requested the International Monetary Fund [...] Full text...

thread Economy

AfDB to expand lending to 8% after strong Fitch Rating

22 july 2021 - 11:30:43
Nairobi, Kenya (PANA) —The African Development Bank (AfDB) has scored the highest ever rating of triple A, as a result [...] Full text...

thread Economy

Coronavirus: Standard Chartered, Afreximbank sign agreement to support African vaccine programme

16 july 2021 - 12:28:54
Cairo, Egypt (PANA) – African Export-Import Bank (Afreximbank) and Standard Chartered have signed an agreement for US$200 million to finance [...] Full text...

thread Health

AfDB and partners renew commitment to end child stunting in Africa

14 july 2021 - 12:59:05
Abidjan, Côte d'Ivoire (PANA) - Urging unity and action to accelerate nutrition targets amid the global Covid-19 pandemic, representatives of [...] Full text...

thread Health

Libya's High Commissioner for National Reconciliation to be appointed soon

12 july 2021 - 22:47:17
Tripoli, Libya (PANA) - The appointment of the governing body of the High Commission for National Reconciliation in Libya is [...] Full text...

thread Politics

Ján Kubiš urges Libyans to stay focused on national unity goal

09 july 2021 - 13:37:21
Tripoli, Libya (PANA) – Without unification of state institutions, Libyans cannot speak about the unity of the country that all [...] Full text...

thread Politics