EthSwitch S.C., Ethiopia’s national switch, net profit before taxes increased by 153% from last year to 221 million Birr in…
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MultiBank Group awarded coveted licenses in UAE, Singapore
The subsidiaries of MultiBank Group, one of the largest financial derivatives institutions worldwide, is awarded coveted licenses issued by two…
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Africa, Caribbean development banks collaborate
Economic ties between Africa and the Caribbean took a strong upward turn this week as the regions’ premier financial institutions—the…
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African finance ministers reflect on Special Drawing Rights
Africa’s Finance, Development and Planning Ministers on Tuesday called for a swift, bold and positive response from international financial institutions…
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AfDB named world’s best multilateral financial institution
The prestigious U.S. magazine, Global Finance, specializing in financial markets and investment banking, has named the African Development Bank (AfDB)…
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Ethiopian government finance institutions profit $332 million
The three state enterprises in Ethiopia engaged in providing financial services have made 10.7 billion birr (about $332.1 million at…
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