First Bank of Nigeria, Clickatell drive financial inclusion using WhatsApp
Clickatell promotes Financial Inclusion in Nigeria by enabling FirstBank to launch Chat Banking on WhatsApp.
African countries get climate risk financing, insurance
The African Development Bank has approved the Africa Disaster Risks Financing (ADRiFi) Programme, the institution’s first climate risk…
Oranto Petroleum to invest in Niger oil industry
The Ministry of Petroleum of Niger to Grant Blocks R5, R6, Dibella and Dallol to Oranto. The blocks…
Angola sink deeper into debt
Angola’s is failing to control its foreign and domestic debt which is estimated at nearly $80 billion despite…
Partners to provide E-Learning for African Financial Institutions in Africa
The Trade Finance Division of the African Development Bank and the International Islamic Trade Finance Corporation (ITFC), have…
United Sates to launch media fund supporting professional journalism in Ethiopia
The United Sates Embassy in Addis Ababa, Ethiopia announces its plan to launch a media fund to support…
Ethiopian Airlines to launch Moscow flight
Ethiopian Airlines is set to launch services to Moscow, Russia as of December 1, 2018, the Airline said.
America’s International Private Enterprise Center opens office in Ethiopia
The Center for International Private Enterprise (CIPE) of the United States of America has opened a new regional…
Ethiopia to start visa on arrival for all African citizens
The Ethiopian government said it will start providing visa on arrival for all African citizens as of November…
Malawi gets 15 million grant for water, sanitation project
The African Development Bank Group, has approved a $15 million grant from the African Development Fund (ADF) for…
Ethiopia launches $7 billion energy, road projects
Ethiopia launches $7 billion public private partnership (PPP) projects that focus on new road construction and energy development,…
Financial institutions advised to transform African trade
The transformation of trade in Africa is a task that all African financial institutions must collectively pursue, says…
Agricultural technology to turn African Savannah into global food basket
The African Development Bank is championing a new regional and global effort to transform the African Savannah from…
Ethiopia gets first female president
Ethiopian Parliament today elected Sahlework Zewde as the first female president of Ethiopia in modern history of the…
Bahrain, India, Lesotho, South Africa win UN Investment Promotion Awards
Agencies from Bahrain, India, Lesotho and South Africa have won top honours at the United Nations Investment Promotion…
African leaders advised to exploit the ‘new oil’
African leaders are advised to exploit statistics, the ‘new oil’. “Statistics is the new oil that our leaders…
Canada to host business forum on Africa
Canadian Council on Africa (CCAfrica) and Mining Suppliers Trade Association Canada (MSTA Canada) is set to host the…
South Sudan secures $44 funding
The Government of South Sudan today welcomed a contribution of $43.57 million from the African Development Bank for…
Cooperation key in the face of globalization backlash
The international political climate may be turning against globalization and threatening economic growth, but there is still a…
African Development Bank, African Trade Insurance Agency, UK reinsurers launch credit insurance deal
The African Development Bank (AfDB) and African Trade Insurance Agency (ATI) announce the successful completion of a $500…
First private ambulance service in Ethiopia celebrates 10th anniversary
TEBITA Ambulance, the first private ambulance and emergency service provider of its kind in Ethiopia, celebrates its 10th…
Amnesty International urges Ethiopia to release human rights defender
Amnesty International urges the Ethiopian authorities to immediately and unconditionally release a human rights defender and his friend…
Ethiopia to relieve congestion in the Port of Djibouti
A new accord is signed between Ethiopian Maritime Affairs Authority (EMAA) and World Food Programme to relieve congestion…
Women owned enterprises in Nigeria secure $50 million
The African Development Bank has approved a $50 million line of credit to Nigeria’s Fidelity Bank Plc to…
Africa endorses continental report on population, development
Ministers and senior government officials-in-charge of population in Africa met in Accra, Ghana, recently and endorsed a continental…
Global foreign direct investment fell by 41% in 2018
Global foreign direct investment (FDI) fell by 41% in the first half of 2018, to an estimated $470…
African Development Bank, Room2Run securitization model for global lenders
Room2Run, the African Development Bank and partners’ innovative $1 billion synthetic securitization of a portfolio of seasoned African…
Innovative finance, new technology connect underserved populations
New technology and blended finance will help to bridge the “last mile” of the infrastructure gap by getting…
Eastern Africa gets strategy to accelerate economic transformation
The African Development Bank has approved the East Africa Regional Integration Strategy Paper (RISP) laying out the roadmap…
Ethiopian Airlines pioneers 1st GEnx Engine repair in Africa
Ethiopian Maintenance & Engineering Services, the largest and oldest aircraft maintenance centre in Africa, has become the first…