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 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.
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 … Read More
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.
Prime Minister Abiy Ahmed of Ethiopia held discussions with heads and representatives of financial institutions to discuss the current reforms within the sector.
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.
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.
The city of Casablanca, Morocco, is set to host African Export-Import Bank (Afreximbank’s) annual meeting on ‘structured trade finance’ next November.
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.
A new flagship report co-produced by The African Capacity Building Foundations and the African Development Bank looks ten African countries public finance management.
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 … Read More
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.
A new report predicts double digit growth of Ethiopia’s banking industry. Ethiopia’s commercial banking sector will post a steady expansion over 2017, with both loan and deposit growth continuing on … Read More
Africa Finance Corporation (AFC) is set to invest $25 million in Egyptian petrochemicals company Carbon Holdings Ltd, the company said.