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

03 december 2024 - 11:17:39
Washington, DC, United States (PANA) – Global debt decreased about one percentage point to 237 percent GDP in 2023. Empirical [...] Full text...

thread Economy

IMF concludes review of Morocco’s RSF arrangement, allows disbursement of US$415 million

13 november 2024 - 07:54:46
Washington, DC, United States (PANA) - The Executive Board of the International Monetary Fund (IMF) has completed the second review [...] Full text...

thread Economy

Eliminating the productivity drag: IMF F&D article By Nan Li and Diaa Noureldin

30 october 2024 - 10:50:02
Washington, DC, United States (PANA) - The global economy has been struggling to regain its footing since the 2008–09 global [...] Full text...

thread Economy

Artificial Intelligence can make markets more efficient—and more volatile: IMF Blog By Nassira Abbas, Charles Cohen, Dirk Jan Grolleman, and Benjamin Mosk

16 october 2024 - 11:02:06
Washington, DC, United States (PANA) - More efficient or more volatile? The adoption of the latest iterations of artificial intelligence [...] Full text...

thread Economy

Urgent education reform key to unlocking faster, more inclusive growth in Africa: WB report

14 october 2024 - 14:42:34
Washington, DC, United States (PANA) - Despite signs of a fragile economic recovery, Sub-Saharan Africa, remains stuck in “low gear” [...] Full text...

thread Society

Implementation gaps hinder business climate in 50 economies: WBG report

03 october 2024 - 15:32:24
Washington, DC, United States (PANA) - Economies do better at enacting regulations to improve the national business climate than they [...] Full text...

thread Economy

Working from home is powering productivity: IMF article by Nicholas Bloom

02 october 2024 - 05:39:32
Washington, DC, United States (PANA) - Economics is famous for being the dismal science. Sadly, recent work highlighting the slowdown [...] Full text...

thread Society

Rwanda’s economy registers strong growth in early 2024 despite persistent challenges

18 september 2024 - 08:21:54
Kigali,  Rwanda (PANA) - Rwanda's real GDP grew by 9.7% in the first quarter of 2024, exceeding the previous year's [...] Full text...

thread Economy

How to Awaken Europe's Private Sector and Boost Economic Growth: IMF Blog By Diego Cerdeiro, Gee Hee Hong, and Alfred Kammer

12 september 2024 - 10:09:07
Washington, DC, United States (PANA) - In the European Union, income per person, one of the main gauges of living [...] Full text...

thread Economy

Sustained economic growth hinges on productivity gains as populations age : IMF Blog By Gita Bhatt

04 september 2024 - 12:00:14
Washington, DC, United States (PANA) - A productivity slump is eroding living standards and imperilling financial and social stability “Productivity isn’t [...] Full text...

thread Economy

Africa LEADS: Integrating knowledge and operations for a better Bank: World Bank Blog By Arianna Legovini, Sutayut Osornprasop, Aidan Coville and Shane Romig

09 august 2024 - 09:15:51
Cape Town, South Africa (PANA) - Imagine a life without electricity to light up your home, clean water to drink [...] Full text...

thread Society

CAF investigates allegations of breach of internal governance and auditing regulations

02 august 2024 - 05:58:08
Cairo, Egypt (PANA) - Africa's football governing body, the Confederation of African Football (CAF) has requested its Audit and Governance [...] Full text...

thread Sports

“Middle-Income Trap” hinders progress in 108 developing countries: World Development Report

01 august 2024 - 07:58:33
EMBARGOED: NOT FOR PUBLICATION, BROADCAST, OR TRANSMISSION UNTIL THURSDAY, 1 AUGUST, 2024, at 1:30 PM UTCWashington, DC, United States (PANA) [...] Full text...

thread Economy

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

A low-growth world is an unequal, unstable world (By Kristalina Georgieva, IMF Managing Director)

24 july 2024 - 09:20:08
Washington, DC, United States (PANA) - The global economy is stuck in low gear, which could deal a major blow [...] Full text...

thread Economy

Morocco's economy proves resilient but private sector faces challenges

19 july 2024 - 07:41:58
Rabat, Morocco (PANA) - Despite various obstacles, including a slowdown in the global economy, an inflation shock, and the Al [...] Full text...

thread Economy

Preventing deforestation while leveraging trade for development: World Bank Blog By Chris Wellisz

18 july 2024 - 08:13:19
Dar es Salaam, Tanzania (PANA) - Developing countries must contend with a plethora of trade-related regulations as well as voluntary [...] Full text...

thread Agriculture

Emerging markets show resilience despite global monetary tightening: IMF Blog By Cian Allen and Rudolfs Bems

13 july 2024 - 11:18:44
Washington, DC, United States (PANA) - Interest rates in the United States are at 20-year highs and the dollar has [...] Full text...

thread Economy

Seeking new pathways to green growth in Malawi: World Bank By Qursum Qasim and Efrem Chilima

10 july 2024 - 11:36:35
Lilongwe, Malawi (PANA) - With the recent declaration of a drought in 23 of its 28 districts, Malawi once again [...] Full text...

thread Economy

Preserving the Congo Basin forest: Game changer for Africa and the world: World Bank Blog By Cheick Fantamady Kanté

05 july 2024 - 07:16:34
Brazzaville, Congo (PANA) - As African leaders convene in Brazzaville to discuss the forest agenda, it is crucial to reflect [...] Full text...

thread Environment

Helping female-led firms in Ethiopia become more resilient in turbulent times: World Bank Blog By Lauren Marino and Sophia Friedson-Ridenour

04 july 2024 - 06:22:17
Hawassa, Ethiopia (PANA) - On a recent Thursday afternoon, Jalene’s small coffee shop and roastery in Hawassa, Ethiopia, was enveloped [...] Full text...

thread Gender

Burkina Faso: Launch of two World Bank economic reports

27 june 2024 - 13:01:22
Ouagadougou, Burkina Faso (PANA) - The World Bank on Thursday launched the Burkina Faso Economic Update and the Country Economic [...] Full text...

thread Economy

Fostering vibrant, inclusive private sector is key to Somalia’s resilient growth

26 june 2024 - 18:26:55
Mogadishu, Somalia (PANA) - Since Somalia’s private sector accounts for an estimated 95 per cent of total jobs created, marshalling [...] Full text...

thread Economy

Equatorial Guinea: New report proposes way forward to develop a safe, inclusive digital economy

25 june 2024 - 12:12:40
Malabo, Equatorial Guinea (PANA) - In the wake of new challenges and its prolonged oil-dependency, Equatorial Guinea’s government is aiming [...] Full text...

thread Economy

'Africa offers attractive investment opportunities for Japanese firms'

23 june 2024 - 06:33:45
Tokyo, Japan (PANA) - Dr. Kevin Kariuki, African Development Bank's (AfDB's) Vice President for Power, Energy, Climate and Green Growth, [...] Full text...

thread Economy

Fiscal policy can help broaden gains of AI to humanity: IMF Blog By Era Dabla-Norris and Ruud de Mooij

17 june 2024 - 16:28:55
Washington, DC, USA (PANA) - New generative-AI technologies hold immense potential for boosting productivity and improving the delivery of public [...] Full text...

thread Economy

Raising agricultural productivity, private sector investment can help Zambia achieve sustained and inclusive growth

06 june 2024 - 18:56:45
Lusaka, Zambia (PANA) - While Zambia’s economy is still recovering from the COVID-19 pandemic and a previous recession, a new [...] Full text...

thread Economy

World Bank supports Ghana to strengthen its financial sector

31 may 2024 - 09:44:44
Accra, Ghana (PANA) - The World Bank has approved a $250 million International Development Association (IDA) credit for a five-year [...] Full text...

thread Economy

Kenya aims to begin vaccine manufacturing in 2027

15 may 2024 - 17:10:43
Nairobi, Kenya (PANA) – Kenya will begin the mass production of vaccines, mostly those required for routine immunization and would [...] Full text...

thread Health

Harnessing Sub-Saharan Africa’s critical mineral wealth

29 april 2024 - 18:48:51
Kinshasa, DR Congo (PANA) - From electric vehicles to solar panels to future innovations, the global transition to clean energy [...] Full text...

thread Economy

African Business Founders to take Centre Stage at soirée in Johannesburg

23 april 2024 - 08:37:45
Johannesburg, South Africa (PANA) - African Hidden Champions (AHC), a co-partnership of Africa Foresight Group and partners, will host an [...] Full text...

thread Economy

Sub-Saharan Africa faces turning point

20 april 2024 - 10:49:24
Dar es Salaam, Tanzania (PANA) - After four turbulent years, the outlook for sub-Saharan Africa is gradually improving, according to [...] Full text...

thread Economy

Global economy remains resilient despite uneven growth, challenges ahead: New IMF Blog By Pierre-Olivier Gourinchas

16 april 2024 - 19:43:48
Washington DC, USA (PANA) - Despite gloomy predictions, the global economy remains remarkably resilient, with steady growth and inflation slowing [...] 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 - 16:14:18
Washington DC, USA (PANA) - Governments have traditionally used targeted interventions known as industrial policy to make domestic producers more [...] Full text...

thread Economy

Industrial policy is not magic cure for slow growth: IMF Blog By Era Dabla-Norris, Daniel Garcia-Macia, Vitor Gaspar, Li Liu

11 april 2024 - 08:42:06
Washington, D.C., USA (PANA) – Many countries are ramping up industrial policy to boost innovation in specific sectors in the [...] Full text...

thread Economy

World must prioritise productivity reforms to revive medium-term growth: IMF Blog By Nan Li, Diaa Noureldin

10 april 2024 - 15:12:53
Washington DC, USA (PANA) - The world economy faces a sobering reality. The global growth rate - stripped of cyclical [...] Full text...

thread Economy

Rising cyber threats pose serious concerns for financial stability: IMF Blog By Fabio Natalucci, Mahvash S. Qureshi, Felix Suntheim

10 april 2024 - 09:50:47
Washington D.C., USA (PANA) - Cyber attacks have more than doubled since the pandemic. While companies have historically suffered relatively [...] Full text...

thread Economy

Emerging markets exercising greater global sway: New IMF Blog By Nicolas Fernandez-Arias, Alberto Musso, Carolina Osorio-Buitron, Adina Popescu

09 april 2024 - 15:42:15
Washington DC, United States (PANA) - The global economy is increasingly influenced by the Group of Twenty’s large emerging markets. Over [...] Full text...

thread Economy

Fast-growing $2 trillion private credit market warrants closer watch: IMF Blog By Charles Cohen, Caio Ferreira, Fabio Natalucci, Nobuyasu Sugimoto

08 april 2024 - 15:40:00
Washington DC, United States (PANA) - The private credit market, in which specialized non-bank financial institutions such as investment funds [...] Full text...

thread Economy

Libyan PM calls for investment to be localized in Libya

03 april 2024 - 14:10:59
Tripoli, Libya (PANA) - The Libyan prime minister of the Government of National Unity, Abdulhamid al-Dbaiba, on Tuesday stressed the [...] Full text...

thread Economy

Fundamental economic changes require a departure from simplistic economics: IMF Blog By Diane Coyle

27 march 2024 - 08:56:33
Cambridge, UK (PANA) - The economy of the 2020s is a world away from the economy of the mid-20th century, [...] Full text...

thread Economy

UN leaders galvanise action for reparations for people of African descent

21 march 2024 - 18:35:42
New York, US (PANA) - Reparatory justice must tackle the grave human rights violations deeply entrenched in the legacy of [...] Full text...

thread Society

Dignity and justice key to end evil of racial discrimination: Guterres

21 march 2024 - 05:27:45
New York, US (PANA) - Racism is “an evil infecting countries and societies around the world”, the UN chief has [...] Full text...

thread Society

Black Industrialists and Exporters Conference under way in Johannesburg

20 march 2024 - 10:28:46
Cape Town, South Africa (PANA) – South Africa’s Department of Trade, Industry and Competition in partnership with the Industrial Development [...] Full text...

thread Economy

Why do so many Nigerian workers remain poor? Labour force surveys may have the answer: World Bank Blog By Jonathan Lain and Utz Pape

07 march 2024 - 08:14:33
Abuja, Nigeria (PANA) - Nigeria faces a serious poverty-reduction challenge: Almost half of Nigerians are estimated to live below the [...] Full text...

thread Society

Accelerated by COVID and AI, global digital landscape remains uneven

06 march 2024 - 07:29:31
Washington, United States (PANA) - The COVID-19 pandemic brought about unprecedented acceleration of digital transformation across the globe – with [...] Full text...

thread Economy

Path to low-carbon construction is clear as mud (A UN feature)

06 march 2024 - 07:24:52
Bangalore, India (PANA) - The use of building materials such as cement and steel create a massive carbon footprint, and [...] Full text...

thread Environment

Climate Action in Ethiopia: Acting now to build resilience and leverage opportunities

29 february 2024 - 13:05:30
Addis Ababa, Ethiopia (PANA) - A new World Bank report finds that annual average losses to gross domestic product (GDP) [...] Full text...

thread Environment

AI will transform global economy. Let’s make sure it benefits humanity: IMF Blog By Kristalina Georgieva

15 january 2024 - 09:05:49
Washington, United States (PANA) - We are on the brink of a technological revolution that could jumpstart productivity, boost global [...] Full text...

thread Economy

Why digital trade should remain open: IMF Blog By Michele Ruta and Adam Jakubik

14 december 2023 - 14:27:00
Washington, United States (PANA) - Digital trade, from software sales to streaming movies, plays a bigger role than ever in [...] Full text...

thread Economy

Kenya taps World Bank support to create up to 45,000 jobs, enhance access to markets for small businesses

13 december 2023 - 08:19:26
Nairobi, Kenya (PANA) - The World Bank has approved the Kenya Jobs and Economic Transformation Project (KJET) to benefit at [...] Full text...

thread Society

Kenya secures support to further strengthen transparency in public finance management

13 december 2023 - 07:34:20
Nairobi, Kenya (PANA) — Kenya’s 485 ministries, departments, and agencies, as well as 240,000 registered firms, and 18 million citizens [...] Full text...

thread Economy

Fostering skills development to improve job prospects in Sub-Saharan Africa: World Bank Blog By Nathan Belete

02 december 2023 - 15:22:31
Arusha, Tanzania (PANA) - When it comes to skills development and innovation, youth from Africa have something to say. Based [...] Full text...

thread Economy

The AI awakening: IMF Blog By Gita Bhatt

01 december 2023 - 07:00:09
Washington, DC, United States (PANA) - Full disclosure: This issue of Finance & Development was produced entirely with human intelligence. [...] Full text...

thread Sciences

Kenya set to overhaul refugee policy, to change camps into urban centres

30 november 2023 - 18:21:21
Nairobi, Kenya (PANA) - Kenya is planning to designate major refugee camps as urban centres and municipalities once a draft [...] Full text...

thread Politics

From market stalls to mechanic shops: Better jobs for Côte d'Ivoire's urban youth: World Bank Blog By Raphaela Karlen, Solene Rougeaux and Sara Johansson de Silva

22 november 2023 - 12:35:58
Abidjan, Côte d’Ivoire (PANA) - Street vendors, taxi drivers, hairdressers, metal workers, repair shops - Côte d’Ivoire’s towns and cities [...] Full text...

thread Economy

Gaza crisis: ‘Endless needs’ reflect spiralling situation as hospitals shut down, WHO warns

17 november 2023 - 16:38:32
Cairo, Egypt (PANA) - The UN health agency, WHO, on Friday issued a new warning about the desperate situation for [...] Full text...

thread Society

What would it take for Chad to escape the low-income trap? World Bank Blog By Fulbert Tchana Tchana and Claudia Noumedem Temgoua

14 november 2023 - 09:43:54
N'djamena, Chad (PANA) - Chad faces complex and often interlinked challenges that have contributed to its economic fragility while slowing [...] Full text...

thread Economy

African countries to launch bid against chemical poisoning of food systems at agriculture expo

25 october 2023 - 15:03:42
Kiambu, Kenya (PANA) – African countries are working together to launch an assault against the poisoning of the food systems [...] Full text...

thread Agriculture

IMF Director of Internal Audit and Inspection quits January 2024

23 october 2023 - 19:57:45
= Washington, DC, US (PANA) – International Monetary Fund (IMF)’s Director of the Office of Internal Audit and Inspection (OIA), Nancy [...] Full text...

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‘Africa still can’: A call to create more and better jobs to end poverty: World Bank Blog By Andrew Dabalen, Chief Economist, Africa, World Bank

18 october 2023 - 07:55:45
Kinshasa, DR Congo (PANA) - On this International Day for the Eradication of Poverty, or #EndPoverty Day, I want to [...] Full text...

thread Economy

IMF chief calls for action on inclusive growth in MENA

15 october 2023 - 17:45:39
Marrakech, Morocco (PANA) - International Monetary Fund (IMF) Managing Director, Ms. Kristalina Georgieva, on Sunday called for action following her [...] Full text...

thread Economy

Impact of monetary, fiscal policy uncertainty on the global economy: World Bank Blog by Senior Economist Franz Ulrich Ruch and Economics Professor Haroon Mumtaz of Queen Mary University, London

15 october 2023 - 12:43:14
Washington DC, United States (PANA) - In response to the COVID-19 pandemic, policy makers across the globe unleashed unprecedented amounts [...] Full text...

thread Economy

Wanted: One million good jobs for Togo’s youth: World Bank Blog

13 october 2023 - 08:37:35
Lomé, Togo (PANA) - Togo, a small country on Africa’s west coast, is home to a young and growing population. [...] Full text...

thread Society

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

Should developing country governments provide job training programmes? World Bank Blog(By David McKenzie. Lead Economist, Development Research Group and Eliana Carranza, Senior Economist)

04 october 2023 - 19:33:36
Washington DC, US (PANA) = Governments around the world face a lot of pressure to do something to help jobseekers, [...] Full text...

thread Society

Countries must contain global warming while keeping debt in check: IMF Blog By Era Dabla-Norris, Ruud de Mooij, Raphael Lam, and Christine Richmond

03 october 2023 - 13:38:25
Washington DC, US (PANA) - As the window of opportunity to contain global warming is closing rapidly, many countries are [...] Full text...

thread Economy

AfDB launches digital platform to drive business linkages in Madagascar

19 september 2023 - 07:52:34
Antananarivo, Madagascar (PANA) - The African Development Bank (AfDB) has launched a digital platform in Madagascar to help drive business [...] Full text...

thread Economy

UNCTAD presents new toolbox to support shift from fossil fuels to renewable energy sources.

01 september 2023 - 20:01:41
Geneva, Switzerland (PANA) - Sweltering heatwaves each year underline the need for a faster energy transition and speedier reform of international [...] Full text...

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World Bank presents findings of its youth aspirations survey in Lesotho

30 august 2023 - 09:11:01
Maseru, Lesotho (PANA) - Many Basotho youth proactively seek training beyond formal education, and almost 65 percent of them aspire [...] Full text...

thread Society

Protectionism fails to achieve its goals, threatens future of critical industries (World Bank feature)

29 august 2023 - 15:21:58
Washington DC, US (PANA) - Since 1990, global trade has increased incomes by 24 per cent worldwide, and by 50 [...] Full text...

thread Economy

Fossil fuels consumption imposes enormous environmental costs: IMF Blog

25 august 2023 - 13:50:35
Washington DC, US (PANA) - Fossil-fuel subsidies surged to a record $7 trillion last year as governments supported consumers and [...] Full text...

thread Environment

Voices from informal businesses: World Bank Blog

25 august 2023 - 13:33:29
Washington, DC, US (PANA) - Informal business is widespread in the developing world, accounting for over 70 per cent of [...] Full text...

thread Society

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

Urgent action needed to address macroeconomic imbalances, increase energy access in Malawi

19 july 2023 - 16:27:04
Lilongwe, Malawi (PANA) - Malawi’s path towards achieving the goals of its long-term development vision, Malawi 2063, remains feasible but [...] Full text...

thread Economy

Improve Technical and Vocational Education and Training (TVET) to meet skills; labour mismatch: Report

12 july 2023 - 14:53:18
Washington DC, USA (PANA) - Technical and vocational education and training (TVET) systems in many low- and middle-income countries do [...] Full text...

thread Society

Crypto poses significant tax problems which could get worse: IMF Blog

06 july 2023 - 07:52:05
Washington, DC, US (PANA) - Crypto assets that can be used as instruments of payment have proliferated into more than [...] Full text...

thread Economy

WB Gabon economic update highlights importance of pro-poor fuel subsidy reforms

20 june 2023 - 15:17:24
Libreville, Gabon (PANA) - Over the course of 2022, Gabon's economy has benefited from high oil prices. However, the rise [...] Full text...

thread Economy

LIA celebrates Ernst & Young audit report on Libya

13 june 2023 - 14:49:59
Tripoli, Libya (PANA) - The Libyan Prime Minister and Chairman of the Board of Secretaries of the Libyan Investment Authority [...] Full text...

thread Economy

Côte d'Ivoire hosts 2023 World Environment Day

05 june 2023 - 06:47:21
Abidjan, Côte d'Ivoire (PANA) – Focusing on solutions to plastic pollution, Côte d'Ivoire is on Monday hosting World Environment Day [...] Full text...

thread Environment

Angola to accelerate job creation and growth in private enterprise

03 june 2023 - 07:54:09
Luanda, Angola (PANA) - Angola aims to accelerate economic diversification, private investment, and jobs by creating more favourable business conditions [...] Full text...

thread Economy

Africa Investment Forum showcases $1.475 billion in green, renewable energy deals

24 may 2023 - 06:01:20
Sharm El Sheikh, Egypt (PANA) - The Africa Investment Forum has presented four renewable energy and sustainability projects worth nearly [...] Full text...

thread Economy

WHO calls for safe and ethical AI for health

16 may 2023 - 15:27:59
Geneva, Switzerland (PANA) - The World Health Organization (WHO) is calling for caution to be exercised in using artificial intelligence [...] Full text...

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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

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

'Africa was vulnerable to debt in 2022'

19 march 2023 - 19:32:34
Cotonou, Benin (PANA) - Africa has remained vulnerable to debt over the past year, according to a study on the [...] Full text...

thread Economy

Rights group asks Egypt to end stranglehold on NGOs

16 march 2023 - 11:51:42
Cairo, Egypt (PANA) - A human rights advocate has asked the Egyptian government to abolish the 11 April, 2023 registration deadline [...] Full text...

thread Society

Accelerating use of digital technologies key to creating productive jobs in Africa: Report

13 march 2023 - 15:33:20
Washington, US (PANA) - With Africa’s share of the global workforce projected to become the largest in the world by [...] Full text...

thread Economy

Libya works on strategic plan to increase oil production to 2 million b/d

15 february 2023 - 17:31:23
Tripoli, Libya (PANA) - The Chairman of the Board of Directors of the Libyan National Oil Company (NOC), Farhat ben [...] Full text...

thread Economy

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

Digital economy to boost Eswatini’s development, enhance service delivery: WB report

09 february 2023 - 07:46:20
Mbabane, Eswatini (PANA) - The digital economy offers Eswatini a range of opportunities to improve economic development and enhance public [...] Full text...

thread Economy

Libyan PM orders 2023 road projects to start next February

10 january 2023 - 19:52:36
Tripoli, Libya (PANA) - The Libyan Prime Minister of the Government of National Unity, Abdelhamid Al-Dbaiba, at a meeting on [...] Full text...

thread Politics

Ghana government exempts pension funds from Debt Exchange Programme

22 december 2022 - 18:56:25
Accra, Ghana (PANA) - The Government of Ghana on Thursday granted exemption to all pension funds in its Domestic Debt [...] Full text...

thread Economy

Workers in Ghana warn of indefinite strike from 27 December over bonds in debt echange

19 december 2022 - 18:48:39
Accra, Ghana (PANA) - Organised labour in Ghana on Monday warned of an indefinite strike from 27 December over the [...] Full text...

thread Economy

'Business Unusual' in a world of extreme uncertainty: EBRD report

22 november 2022 - 10:00:15
Dar es Salaam, Tanzania (PANA) - When dealing with immediate challenges, decision- and policymakers should not lose focus on the [...] Full text...

thread Economy

Financial Services: Mauritius classified among best performers in its league - Minister

08 october 2022 - 09:33:35
Port-Louis, Mauritius (PANA) - The Mauritian Minister of Financial Services and Good Governance, Mahen Kumar Seeruttun, said here Friday the trust [...] Full text...

thread Economy

Externally sourced consumables dominate Ghana’s market

19 august 2022 - 11:47:57
Accra, Ghana (PANA) - Ghana’s agricultural and related imports were valued at US $3.3 billion in 2021, an increase of [...] Full text...

thread Agriculture

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

AfDB earmarks €10 million equity investment to drive technologies in wake of COVID-19

19 april 2022 - 10:24:03
Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Bank (AfDB) has approved an equity investment of [...] Full text...

thread Economy

UNESCO Director General says humans are increasingly polluting or drying up existing water resources

21 march 2022 - 17:22:09
Banjul, Gambia (PANA) - UNESCO Director General Audrey Azoulay has stated that humans are increasingly polluting or drying up existing [...] Full text...

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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

Uganda migrant labourers raise concern over organ trafficking in Arab states

15 february 2022 - 11:51:53
Kampala, Uganda (PANA) – Ugandan authorities are contemplating preferring charges against the directors of a company involved in sending domestic [...] Full text...

thread Society

African leaders seek aviation, transportation logistic overhaul to spur free trade agenda

08 february 2022 - 05:04:26
Addis Ababa, Ethiopia (PANA) – African political and business leaders have called for a logistical overhaul and broad investment in [...] Full text...

thread Economy

African leaders call crisis Summit on terrorism, unconstitutional change of government

07 february 2022 - 22:22:50
Addis Ababa, Ethiopia (PANA) – African leaders will hold an emergency Summit on terrorism and the fight against bad governance [...] Full text...

thread Politics

Kenyan business leaders more optimistic about economic growth prospects

02 february 2022 - 10:21:51
Nairobi, Kenya (PANA) - The Central Bank of Kenya (CBK) has found business leaders to be more bullish about the [...] Full text...

thread Economy

AfDB Chief, Nigerian State Governors to advance Special Agro-Industrial Processing Zone Initiative in Nigeria

26 january 2022 - 23:47:47
Abidjan, Cote d'Ivoire (PANA) - Receiving four Nigerian State Governors and the Chief Executive Officer of the Nigeria Sovereign Investment [...] Full text...

thread Agriculture

AfDB Chief, Nigerian State Governors to advance Special Agro-Industrial Processing Zone Initiative in Nigeria

26 january 2022 - 23:36:12
Abidjan, Cote d'Ivoire (PANA) - Receiving four Nigerian State Governors and the Chief Executive Officer of the Nigeria Sovereign Investment [...] Full text...

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2025 AFCON: Guinean govt reiterates commitment to organise tournament

24 december 2021 - 18:14:18
Conakry, Guinea (PANA) - The Guinean government on Thursday gave its "total and unwavering support" to the organisation of the [...] Full text...

thread Sports

Gambia secures $40 million for inclusive, resilient, competitive agriculture

25 november 2021 - 10:49:01
Banjul, Gambia (PANA) - The World Bank Board on Wednesday approved $40 million from the International Development Association (IDA) to [...] Full text...

thread Agriculture

East African Trade Bank signs deal to finance solar power start up in Kenya

19 november 2021 - 23:22:17
Nairobi, Kenya (PANA) - The Eastern and Southern African Trade and Development Bank (TDB) has sealed a US$4.2 million transaction [...] 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

Lack of trust and low levels of digital skill constrain remote working

10 november 2021 - 12:30:53
London, United Kingdom (PANA)  - Remote working may increase productivity, reduce costs and be more attractive to employees, though teleworking [...] Full text...

thread Society

ILO calls for protection of vulnerable frontline labourers

28 october 2021 - 00:12:49
Nairobi, Kenya (PANA) - The International Labour Organization (ILO) has called for the protection of workers in the frontline sector [...] Full text...

thread Economy

Sub-Saharan Africa exits recession in 2021 but recovery still vulnerable : World Bank

06 october 2021 - 14:57:38
Washington, DC, US (PANA) - Sub-Saharan Africa is set to emerge from the 2020 recession sparked by the coronavirus (COVID-19) [...] Full text...

thread Economy

Botswana gets budget supplement from World Bank

05 october 2021 - 09:25:53
Gaborone, Botswana (PANA) - Botswana has secured its first budget support loan from the World Bank to support the country’s [...] Full text...

thread Economy

UNHCR, NGO to hold forum on solutions to Africa's forced displacement crisis

29 september 2021 - 11:02:04
Geneva, Switzerland (PANA) - The UN High Commissioner for Refugees (UNHCR) and Amahoro Coalition, an NGO, are to convene a forum [...] Full text...

thread Society

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

Somalia’s economy rebounds from ‘triple shock’ – World Bank report

15 september 2021 - 13:34:25
Mogadishu, Somalia (PANA) - Somalia’s real GDP growth is projected at 2.4 percent in 2021 as the economy rebounds from [...] Full text...

thread Economy

Over US$159 million allocated by the Libyan government to pay civil servants

13 september 2021 - 11:44:56
Tripoli, Libya (PANA) - A total of 700 million dinars, about US$159.09 million, was allocated during the Council of Ministers [...] Full text...

thread Politics

Mauritian international financial system supports over 4 million jobs in Africa - Report

31 august 2021 - 15:17:15
Port Louis, Mauritius (PANA) - The Economic Development Board of Mauritius launched Monday a major new study that sheds light [...] Full text...

thread Economy

Ethiopian Airlines, Boeing sign landmark agreement on aviation collaboration

30 august 2021 - 20:04:05
Addis Ababa, Ethiopia (PANA) - The Ethiopian Airlines and US commercial aircraft manufacturer, Boeing, have signed an agreement to create [...] Full text...

thread Economy

Coronavirus: IMF Executive Board notes Côte d’Ivoire’s strong resilience

23 july 2021 - 13:20:52
Abidjan, Côte d’Ivoire (PANA) – While Côte d’Ivoire’s economic growth is expected to have dropped by some 4½ percent compared [...] Full text...

thread Economy

India-Africa close partnership to improve welfare of 2.5 billion people post Covid-19

18 july 2021 - 05:55:12
Abidjan, Cote d'Ivoire (PANA) - The Covid-19 pandemic has provided the impetus for a stronger partnership between India and Africa [...] Full text...

thread Economy

Coronavirus: Preserving macroeconomic stability, revitalising jobs, improving investment climate critical for South Africa’s recovery

13 july 2021 - 15:53:29
Pretoria, South Africa (PANA) - South Africa is set to emerge from the COVID-19 crisis weaker than when it entered [...] Full text...

thread Economy

New economic analysis calls for affordable ICT for youth, women, and rural communities in Malawi

25 june 2021 - 16:05:42
Lilongwe, Malawi (PANA) - Malawi’s low levels of electricity access, high internet prices, unpredictable connectivity, high cost of smart devices, [...] Full text...

thread Economy

IMF approves Kenyan authorities’ commitment to reform agenda

24 june 2021 - 11:43:36
Washington, DC, US  (PANA) - The Executive Board of the International Monetary Fund (IMF) completed on Wednesday the first reviews [...] Full text...

thread Economy

AfDB launches US $$463.9 million Kangaroo Social Bond in Australia

14 june 2021 - 12:40:01
Abidjan, Cote d’Ivoire (PANA) - The African Development Bank has launched a US$463.9 million 5.5-year Kangaroo bond, marking its return [...] Full text...

thread Economy

Coronavirus: IMF Board approves US$650 million stand-by support for Senegal

08 june 2021 - 09:37:04
Dakar, Senegal (PANA) - The Executive Board of the International Monetary Fund (IMF) on Monday approved an 18-month  Stand-by arrangement [...] Full text...

thread Economy

IMF praises Botswana’s decisive measures to limit health and economic fallout of COVID-19

03 june 2021 - 09:15:06
Gaborone, Botswana (PANA) - Careful management of mineral resources and a track record of very strong policies and policy frameworks [...] Full text...

thread Economy

Coronavirus: Kenyan secures resources for critical development - IMF

18 may 2021 - 13:46:40
Nairobi, Kenya (PANA) - Kenya will have access to US$410 million from the International Monetary Fund (IMF) if the Fund’s [...] Full text...

thread Economy

Coronavirus: IMF mission hails Mauritius’ efforts in containing COVID-19 pandemic

08 may 2021 - 09:18:04
Port Louis, Mauritius (PANA) – Announcing the success of Mauritius in containing the Covid-19 virus thanks to strict health measures, [...] Full text...

thread Economy

Global e-commerce jumps to $26.7 trillion, fuelled by COVID-19

04 may 2021 - 05:23:02
Geneva, Switzerland (PANA) - Parts of the online economy have boomed since COVID-19 began, while some pre-pandemic big-hitters have seen [...] Full text...

thread Economy

IMF Staff and Senegal reach staff deal on new 18-month financing plan for US$ 650 million

30 april 2021 - 09:57:08
Dakar, Senegal (PANA) – A team of the International Monetary Fund (IMF) has reached a staff-level agreement with the Senegalese [...] Full text...

thread Economy

Southern Africa taps $380 million in World Bank financing to facilitate regional trade, investment for inclusive growth

28 april 2021 - 14:34:26
Washington, DC US (PANA) - The World Bank has approved $380 million in financing from the International Development Association (IDA) [...] Full text...

thread Economy

Ethiopia lists two bidders for first private mobile telecom licence

27 april 2021 - 01:48:54
Addis Ababa, Ethiopia (PANA) - A consortium of telecommunication firms under Safaricom and its parent firm, Vodafone/Vodacom of the United [...] Full text...

thread Economy

Coronavirus: Benin records five new deaths

14 april 2021 - 23:31:10
Cotonou, Benin (PANA) - Benin between 22 March and 12 April recorded five new deaths linked to the coronavirus (COVID-19), [...] Full text...

thread Health

Coronavirus: Some 10,000 people have lost their jobs in Mauritius during the pandemic

07 april 2021 - 09:55:38
Port-Louis, Mauritius (PANA) – The Industrial Development, SMEs and Cooperatives Minister, Mr Soomilduth Bholah, on Tuesday told the National Assembly [...] Full text...

thread Economy

Coronavirus: EBRD and EU support crisis recovery in Morocco

31 march 2021 - 18:25:03
Rabat, Morocco (PANA) - The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are stepping up [...] Full text...

thread Economy

WTO's Okonjo-Iweala priotises lifting women to benefit from global trade in Nigeria

18 march 2021 - 21:59:18
Nairobi, Kenya (PANA) - The World Trade Organisation's newly-appointed Director-General, Ngozi Okonjo-Iweala, has prioritised efforts to address challenges facing women [...] Full text...

thread Economy

Libyan Economy minister promises adequate supply plan for the Libyan market and price control

17 march 2021 - 21:41:04
Tripoli, Libya (PANA) – The Libyan minister of Economy and Trade of the National unity government, Mohamed Al-Haweij, has announced [...] Full text...

thread Economy

Coronavirus: Libyan health ministry authorised to contract four firms for delivery of vaccines

06 march 2021 - 11:34:39
Tripoli, Libya (PANA) - Libya's Presidential Council of the Government of National Accord has authorised the Ministry of Health to [...] Full text...

thread Health

Mozambique growth expected to rebound by 2022 – World Bank

05 march 2021 - 18:59:45
Maputo, Mozambique (PANA) - Mozambique’s economy is expected to gradually recover from 2021 but substantial downside risks remain due to [...] Full text...

thread Economy

Coronavirus: Pandemic, security situation compound Ethiopia’s socioeconomic challenges

24 february 2021 - 10:07:10
Addis Ababa, Ethiopia (PANA) – The COVID-19 pandemic and Ethiopia’s domestic security situation have created both social and economic challenges, [...] Full text...

thread Economy

Kenya to conclude free trade deal with the US

19 january 2021 - 21:08:53
Nairobi, Kenya (PANA) – President Uhuru Kenyatta has reiterated Kenya’s determination to conclude ongoing negotiations with the United States and [...] Full text...

thread Economy

Coronavirus: AU firms up plan to secure 270 million doses of vaccine

19 january 2021 - 20:46:39
Addis Ababa, Ethiopia (PANA) - The African Union’s Africa Vaccine Acquisition Task Team (AVATT) has secured 270 million doses of [...] Full text...

thread Health

Coronavirus -World Bank undertakes surveys to map out impact on development

08 january 2021 - 23:14:13
Nairobi, Kenya (PANA) - The World Bank has launched a series of Rapid Response Phone Surveys of households and firms [...] Full text...

thread Economy

Coronavirus: Zambia records 850 new in 24 hours

06 january 2021 - 14:50:30
Lusaka, Zambia (PANA) – Zambia has recorded 850 new COVID-19 cases and five deaths in the last 24 hours. This is [...] Full text...

thread Health

Coronavirus: IMF points to sharp drop in economic activity, increased unemployment in Morocco

24 december 2020 - 10:27:47
Rabat, Morocco (PANA) - Morocco’s prompt response has helped contain the fallout from the COVID-19 pandemic, though economic activity has [...] Full text...

thread Economy

EIB initiative boosts African pharmaceutical sector to meet local demand

17 december 2020 - 21:27:43
Nairobi, Kenya (PANA) - The European Investment Bank has launched the first ever scheme to strengthen local production of Active [...] Full text...

thread Economy

Coronavirus: World Bank Group boosts Nigeria’s efforts to reduce poverty

15 december 2020 - 18:10:17
Washington, US (PANA) - The World Bank Group (WBG) discussed a new five-year Country Partnership Framework (CPF) for Nigeria from [...] Full text...

thread Economy

PETCO, country gov't launch waste collection, segregation facility

11 december 2020 - 20:13:28
Kajiado, Kenya (PANA) - Kenya PET recycling company (PETCO), in partnership with the County Government of Kajiado and the National [...] Full text...

thread Environment

AU welcomes Nigerian ahead of free trade area kick-off

05 december 2020 - 00:03:32
Addis Ababa, Ethiopia (PANA) - African Union Commissioner for Trade and Industry Albert Muchanga said here Friday instruments signifying Nigeria’s [...] Full text...

thread Economy

Coronavirus: Africa CDC intensifies vaccine readiness plan

27 november 2020 - 00:01:02
Addis Ababa, Ethiopia (PANA) - The African Union’s Centre for Disease Control and Prevention (Africa CDC) said here Thursday it [...] Full text...

thread Health

Coronavirus: Guinea records one death and 66 new cases

25 november 2020 - 16:04:09
Conakry, Guinea (PANA) - Guinea on Tuesday recorded one death linked to the coronavirus which brought the total number of [...] Full text...

thread Health

French firms set to make Rand 14bn in fresh investment pledges to South Africa

06 november 2020 - 14:55:17
Johannesburg, South Africa (PANA) - French Foreign Trade and Economic Attractiveness Minister Franck Riester, who lead a business delegation to [...] Full text...

thread Economy

Coronavirus: Rwanda’s economy healing from contraction under pandemic

27 october 2020 - 09:16:50
Kigali, Rwanda (PANA) – Rwanda’s economic activity has started to show signs of recovery following a sharp contraction in the [...] Full text...

thread Economy

African firms growth optimism defies coronavirus pandemic gloom

23 october 2020 - 22:20:47
Nairobi, Kenya (PANA) – Two thirds of African companies, representing 62%, are struggling but will survive past the coronavirus pandemic [...] Full text...

thread Economy

Coronavirus: Limited resources available for rekindling sub-Saharan Africa economies - IMF

23 october 2020 - 06:34:34
Washington, DC, US (PANA) - With a difficult recovery ahead, policy makers in sub-Sahara Africa have fewer resources at their [...] Full text...

thread Economy

Netherlands-based firm 'Masita' sign sponsorship deal with Rwanda's first division football club

17 october 2020 - 00:23:23
Kigali, Rwanda (PANA) -  One of Netherlands-based firms, 'Masita',specialised in manufacturing playing kits and jersey, Friday announced a four-year deal [...] Full text...

thread Sports

Kenya ready to undertake geospatial surveys to map out mineral potential

16 october 2020 - 23:37:03
Nairobi, Kenya (PANA) -  Kenya is prepared to carry out an underground survey of its earth surfaces to obtain a [...] Full text...

thread Economy

Ethiopia halts plans to privatise profitable national carrier, says finance minister

14 october 2020 - 22:48:18
Addis Ababa, Ethiopia (PANA) - Ethiopia's finance minister, Ahmed Shide, has revealed that the planned privatisation of the national carrier, [...] Full text...

thread Economy

IMF predicts ‘less severe’ but ‘still deep’ recession in shadow of COVID-19

14 october 2020 - 06:08:48
Washington, DC, US (PANA) - In the shadow of the COVID-19 pandemic and its continuing impact, the global economy could [...] Full text...

thread Economy

Coronavirus: WB confirms sub-Sahara Africa’s economic downturn, outlines path for recovery

08 october 2020 - 09:55:18
Washington, US (PANA) - Driven by the economic fallout of the COVID-19 global pandemic, growth in sub-Saharan Africa is predicted [...] Full text...

thread Economy

Coronavirus: Côte d’Ivoire’s economy remains resilient due to quick response

08 october 2020 - 09:42:14
Washington, DC, US (PANA) – The coronavirus pandemic has presented an unprecedented challenge to Côte d’Ivoire but the country’s authorities [...] Full text...

thread Economy

Coronavirus: EBRD, EU and partners support green investments in Morocco

01 october 2020 - 19:07:37
Rabat, Morocco (PANA) - The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are supporting green [...] Full text...

thread Economy

Civil society, students petition Zambian President to set up commission of inquiry

01 october 2020 - 15:44:10
Lusaka, Zambia (PANA) - A consortium of 10 civil society organisations and students’ unions presented a petition to Zambian President [...] Full text...

thread Society

AU-backed firm expands drought insurance beyond non-sovereign cover

28 september 2020 - 22:57:48
Johannesburg, South Africa (PANA) -The African Union-backed African Risk Capacity Limited has entered into an agreement with agricultural technologies insurer, [...] Full text...

thread Economy

Kenyan textile industry growth stifled by ageing technology, imports, warns British Council

23 september 2020 - 22:09:49
Nairobi, Kenya (PANA) - The biggest constraint to the growth of the fashion industry in Kenya is the importation of [...] Full text...

thread Economy

Congo sets up National Pesticide Management Committee

17 september 2020 - 09:47:07
Brazzaville, Congo (PANA) - The Congolese Minister of State in charge of Agriculture, Livestock and Fisheries, Henri Djombo, on Wednesday [...] Full text...

thread Agriculture

Zambian currency under pressure; depreciates by 8% in one month

15 september 2020 - 10:00:06
Lusaka, Zambia (PANA) – The Zambian currency, kwacha, has come under renewed pressure in the recent weeks, depreciating by 8.0% [...] Full text...

thread Economy

Safaricom, M-Gas partner to provide clean energy to Kenyan households

04 september 2020 - 17:41:45
Nairobi, Kenya (PANA) - Kenya's leading telcom, Safaricom, has expanded its strategic collaboration with M-Gas as the two firms seek [...] Full text...

thread Economy

EBRD loan to finance new cheese plant in Morocco, expansion in Tunisia

02 september 2020 - 15:52:13
Tunis, Tunisia (PANA) - The European Bank for Reconstruction and Development (EBRD) is strengthening the agribusiness sector in Morocco and [...] Full text...

thread Economy

Economic growth in Gambia projected at -1.2 pct in 2020 - Governor Jammeh

01 september 2020 - 21:03:19
Banjul, Gambia (PANA) - Bakary K. Jammeh, governor of Central Bank of The Gambia, Tuesday projected the country’s economic growth [...] Full text...

thread

Coronavirus: Kenyan Health minister distances self from pandemic supplies rip off

31 august 2020 - 13:11:44
Nairobi, Kenya (PANA) - Health Cabinet Secretary Mutahi Kagwe, on Monday denied having a hand in a US$70,260 coronavirus medical [...] Full text...

thread Health

Kenyan county governor, children arrested in graft probe

26 august 2020 - 21:46:57
Nairobi, Kenya (PANA) - A Kenyan county governor and his four children were arrested Wednesday over alleged embezzlement of $700,000 [...] Full text...

thread Society

Zimbabwe's Central Bank Governor threatens to blacklist firms seeking forex arbitrage opportunities

20 august 2020 - 16:11:35
Harare, Zimbabwe (PANA) - The Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya, has threatened to blacklist firms which do [...] Full text...

thread Economy

Zimbabwe Govt introduces punitive new law to force companies to pay taxes in foreign currency

20 august 2020 - 14:56:49
Harare, Zimbabwe (PANA) - The Zimbabwe Revenue Authority (Zimra) says a new law will shortly be introduced, forcing firms that [...] Full text...

thread Economy

AfDB sanctions four Nigerian companies over fraud

20 august 2020 - 14:18:48
Abidjan, Côte d’Ivoire (PANA) - The African Development Bank (AfDB) Group on Thursday slapped a 24-month debarment on four Nigerian [...] Full text...

thread Economy

AfCFTA pact could boost Africa’s income by $450 billion - WB study

27 july 2020 - 15:33:08
Washington, DC, US (PANA) - The African Continental Free Trade Area (AfCFTA) represents a major opportunity for countries to boost [...] Full text...

thread Economy

Coronavirus: AfDB gives South Africa 5 billion Rands towards COVID-19 response

22 july 2020 - 19:59:20
Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Bank (AfDB) has approved a loan of [...] Full text...

thread Health

WB gives Sierra Leone $30 million to boost market access, agricultural productivity for smallholder farmers

22 july 2020 - 10:36:21
Washington, DC, US (PANA) – The World Bank Board of Executive Directors has approved a $30-million International Development Association (IDA) grant [...] Full text...

thread Agriculture

Coronavirus: Senegal’s key challenge is transparent implementation of measures addressing the crisis - IMF

18 july 2020 - 08:43:23
Washington, DC, US (PANA – Senegal’s containment measures against the coronavirus pandemic, as well as lower external demand, reduced remittances, [...] Full text...

thread Economy

Tunisia examines perspectives for African investment

17 july 2020 - 22:24:13
Tunis, Tunisia (PANA) - Tunisian Friday examined perspectives for the development of African investment to make the country the gateway [...] Full text...

thread Economy

AfDB's Legal Service Department gets new Director

30 june 2020 - 17:16:33
Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) has announced the appointment of Mr. Souley Amadou as Acting [...] Full text...

thread Economy

Zimbabwe ban on trading of stocks and mobile money transactions to have dire economic consequences (Analysis by Correspondent Tatira Zwinoira)

27 june 2020 - 19:26:18
Harare, Zimbabwe (PANA) - Zimbabwe government on Saturday took the unprecedented move to ban trading on the Zimbabwe Stock Exchange [...] Full text...

thread Economy

Zimbabwe govt bans trading on the stock exchange and all mobile money transactions

26 june 2020 - 20:59:11
Harare, Zimbabwe (PANA) - The Zimbabwe government Friday took the unprecedented move to ban trading on the Zimbabwe Stock Exchange [...] Full text...

thread Economy

Coronavirus: Economic recovery will be slower following ‘crisis like no other’, IMF predicts

25 june 2020 - 04:34:21
Washington, DC, US (PANA) -Economic recovery from the COVID-19 pandemic is projected to be more gradual than previously forecast, according [...] Full text...

thread Economy

Zimbabwe dollar crashes as the country's central bank launches foreign exchange auction

23 june 2020 - 18:10:52
Harare, Zimbabwe (PANA) - The Zimbabwe dollar (ZWL) crashed to US$1:ZWL57.3582 at the end of trading on the central bank’s [...] Full text...

thread Economy

COVID-19: IMF, Senegal reach staff-level deal on economic, financial policies

15 june 2020 - 13:12:50
Dakar, Senegal (PANA) - A staff team of the International Monetary Fund (IMF) has reached staff-level agreement with the authorities [...] Full text...

thread Economy

Coronavirus: EBRD supports local businesses in Egypt

08 june 2020 - 09:34:03
Cairo, Egypt (PANA) - The European Bank for Reconstruction and Development (EBRD) is providing loans for up to US$100 million [...] Full text...

thread Economy

Coronavirus: UN think-tank estimates US$65 billion monthly loss from lockdowns in Africa

11 may 2020 - 09:03:29
Addis Ababa, Ethiopia (PANA) – One month full lockdown across Africa could cost the continent about 2.5 percent of its [...] Full text...

thread Economy

Coronavirus: Ghana says its cases may have 'peaked' but warns it's not out of the woods

07 may 2020 - 12:13:42
Accra, Ghana (PANA) – Ghana may have reached its peak in the spread of the COVID-19 (coronavirus) pandemic, senior health [...] Full text...

thread Health

Coronavirus: Cameroon gets US$ 226 million IMF support to address impact of pandemic

05 may 2020 - 08:43:39
Yaoundé, Cameroon (PANA) – Cameroon has secured US$226 million from the International Monetary Fund (IMF) to meet its balance of [...] Full text...

thread Economy

Coronavirus: IMF approves a US$200 million disbursement to Mali to address pandemic

01 may 2020 - 09:46:08
Bamako, Mali (PANA) – The International Monetary Fund (IMF) has approved a disbursement of US$200 million under the Rapid Credit [...] Full text...

thread Economy

Coronavirus: World Bank predicts slowdown in Kenya's economic growth to 1.5%

29 april 2020 - 14:14:39
Nairobi, Kenya (PANA) - Kenya’s gross domestic product (GDP) is projected to decelerate substantially in 2020 due to the negative [...] Full text...

thread Economy

Rwandan newspapers highlight trends in COVID-19, child abuse during lockdown

25 april 2020 - 10:46:31
Kigali, Rwanda (PANA) - Rwandan newspapers this week were awash with stories and comments on the recorded new cases of [...] Full text...

thread Press Review

Coronavirus: Big pharmaceutical firms give details of vaccine dev't process

20 april 2020 - 13:28:50
Nairobi, Kenya (PANA) - An agreement between major pharmaceutical companies, Sanofi and the GlaxoSmithKline (GSK) to produce a vaccine for [...] Full text...

thread Health

Coronavirus: IMF approves US$442 million for Senegal to meet pandemic challenges

14 april 2020 - 06:56:50
Washington, DC (PANA) - The Executive Board of the International Monetary Fund (IMF) has approved US$442 million disbursement for Senegal [...] Full text...

thread Economy

Coronavirus: IMF approves US$1 billion to Ghana to address pandemic

14 april 2020 - 05:38:01
Washington, US  (PANA) - The Executive Board of the International Monetary Fund (IMF) on Monday approved the disbursement of SDR [...] Full text...

thread Economy