Ethiopia’s state bank deposit surpasses $17 billion
The total deposit of Commercial Bank of Ethiopia (CBE) exceeds half a trillion birr (over $17 billion), said the recently appointed president of EBE.
Tag: Finance
Egypt expresses support to regional integration
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
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
Marrakech set to host African Economy ministers
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
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
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
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
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
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
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
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
Ethiopia secures $600 million World Bank financing
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.
Ethiopia’s banking industry grows double digit
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 invest in Egyptian company
Africa Finance Corporation (AFC) is set to invest $25 million in Egyptian petrochemicals company Carbon Holdings Ltd, the company said.