Finance – New Business Ethiopia

Global partnership, finance minister discuss on upcoming plans

June 8, 2021June 10, 2021

Finance Minister Ahmed Shide, and consortium of global Partnership discussed on upcoming plans of the consortium in advancing telecoms operation in Ethiopia.

African finance ministers reflect on Special Drawing Rights

March 25, 2021BEHAK

Africa’s Finance, Development and Planning Ministers on Tuesday called for a swift, bold and positive response from international financial institutions on Special Drawing Rights (SDRs) in the range of 500 billion to 650 billion to arrest the devastating impacts of the ongoing coronavirus pandemic.

African finance minister meeting opens in Addis

March 22, 2021March 22, 2021BEHAK

Organized by the United Nations Economic Commission for Africa (UNECA) the 53rd session of the Conference of African Ministers of Finance and Development opens today in Addis Ababa, Ethiopia.

World Bank approves $400 million grant to Ethiopia

October 3, 2020October 3, 2020NBE

The World Bank approved a grant of $400 million to support Ethiopia Urban Productive Safety Nets and Jobs Project of which $50 million is from the window for host communities and refugees to Ethiopia

Ethiopia’s state bank deposit surpasses $17 billion

April 23, 2019April 23, 2019NBE

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, 2019NBE

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

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

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

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

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

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

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

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

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

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.