Finance – New Business Ethiopia

Ethiopia’s state bank deposit surpasses $17 billion

April 23, 2019April 23, 2019 NBE

The total deposit of Commercial Bank of Ethiopia (CBE) exceeds half a trillion birr (over $17 billion), said the recently appointed president of EBE.

Egypt expresses support to regional integration

March 15, 2019March 15, 2019 NBE

Egypt has affirmed its strong support for the African Development Bank as a development partner and is committed to strengthening regional integration, the country’s Prime Minister, Mostafa Madbouly said during a meeting in Cairo with a Bank delegation.

Ethiopia to allow diaspora invest in banking, insurance

February 20, 2019February 21, 2019 newbusinessethiopia

The National Bank of Ethiopia (NBE), the agency in charge of regulating the financial sector of the country, is set to introduce a regulation that will allow Ethiopians in the diaspora to invest in the financial sector.

Marrakech set to host African Economy ministers

January 30, 2019January 30, 2019 newbusinessethiopia

The UN Economic Commission for Africa’s (ECA) Conference of African Ministers of Finance, Planning and Economic Development is set to be held in Marrakech, Morocco.

Ethiopia PM discusses reform with bankers

January 15, 2019January 15, 2019 newbusinessethiopia

Prime Minister Abiy Ahmed of Ethiopia held discussions with heads and representatives of financial institutions to discuss the current reforms within the sector.

Partners to drive finance to African smallholder farmers

September 28, 2018September 28, 2018 newbusinessethiopia

Africa’s development partners have launch a new partnership that will help build climate resilience for smallholder farmers in Central and West Africa by developing and scaling up innovative financial instruments.

Nordic Investment Bank provides 100 million Euros for Africa’s trade

September 13, 2018September 13, 2018 newbusinessethiopia

The Nordic Investment Bank (NIB) and the African Export-Import Bank (Afreximbank) have signed a 10-year loan programme of 100 million Euros to finance various infrastructure projects in African countries.

Casablanca to host Africa’s structured trade finance meeting

September 12, 2018September 13, 2018 newbusinessethiopia

The city of Casablanca, Morocco, is set to host African Export-Import Bank (Afreximbank’s) annual meeting on ‘structured trade finance’ next November.

Liberia’s small enterprises secure $20 million funding

May 17, 2018May 17, 2018 newbusinessethiopia

The African Development Bank (AfDB) is to provide $20 million to boost lending to small and medium-sized enterprises in Liberia, the Bank said after approving the funding on Wednesday.

Report examines ten African countries’ public finance management

April 23, 2018April 23, 2018 newbusinessethiopia

A new flagship report co-produced by The African Capacity Building Foundations and the African Development Bank looks ten African countries public finance management.

Uganda secures oil refinery deal

April 13, 2018April 23, 2018 newbusinessethiopia

With the support of the African Legal Support Facility (ALSF), the Government of Uganda has successfully signed an agreement with a consortium of American and Italian firms to finance and construct a US $4-billion refinery in the country’s Hoima district.

Ethiopia secures $600 million World Bank financing

March 19, 2018September 24, 2018 newbusinessethiopia

The World Bank approved $600 million of the International Development Association (IDA) financing to help strengthen the capacity and performance of local urban governments in Ethiopia.