New Business Ethiopia

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

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 diaspora to invest in the financial sector.

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.