Africa advised to deepen domestic financial markets
Africa’s journey towards meeting the Sustainable Development Goals (SDGs) hinges on developing effective domestic financial markets that provide…
Finance
IMF reduces cost of borrowing by 16 percent
The Executive Board of the International Monetary Fund (IMF) on Friday concluded the Review of Charges and the…
Strengthening capital markets in Guinea, Sierra Leone
The Economic Commission for Africa (ECA), in collaboration with the West African Monetary Institute (WAMI) and the central…
Ivorian fintech wins Ecobank’s $50,000 fintech challenge
Daba Finance, the Ivorian fintech wins Ecobank’s $50,000 fintech challenge 2024 after fierce competition.
Following forex liberalization Ethiopia set to access IMF’s $345 million
BY YANET FANTAYE WOGAYEHU – As part of the recent four-year US$ 3.4 billion Extended Credit Facility (ECF)…
Impact of Ethiopia’s IMF-backed forex floating on consumer
BY YANET FANTAYE WOGAYEHU – As Ethiopia grapples with rising inflation and internal conflicts, consumers are closely watching…
African MPs gather to discuss illicit financial flows in Harare
This week parliamentarians from the East and Southern African region are gathered in Harare, Zimbabwe for the regional…
Arise invests in South African fintech start-up Omnisient
Arise, a company that invests in African financial service providers and fintechs that advance financial inclusion, has invested…
ARC pays out over $170 million in claims
The African Risk Capacity Limited (ARC Ltd) commemorates its 10th anniversary and outlines a decade of impact, which…
Afreximbank, Uganda Development Bank sign financing agreement
African Export-Import Bank (Afreximbank) and the Uganda Development Bank (UDB) have signed a Joint Project Preparation Facility Framework…
Ethiopia to issue forex bureau licenses
BY YANET FANTAYE WOGAYEHU – For the first time in the country’s history, the National Bank of Ethiopia…
Ethiopia devalues its Birr 31 percent
The Government of Ethiopia today announced liberalization of the forex market, which immediately resulted in about 31 percent…
African ministers call for international financial system remaking
Dozens of finance and foreign ministers met this week to call for radical action to reform the international…
Ethiopia, UAE ink currency swap agreement
The Central Bank of United Arab Emirates (CBUAE) and the National Bank of Ethiopia (NBE) sign currency swap…
ATIDI’s profits jumps to $69 million
African Trade and Investment Development Insurance (ATIDI) recorded a remarkable performance for the financial year ended December 2023,…
Ethiopia’s financial sector poised for takeoff, but hurdles remain
By Anwar Hussen Mohammed – Ethiopia, Africa’s second-most populous nation with about 120 million people, boasts a fast-growing…
How to avoid hidden, expensive fees during money transfers
By Anwar Hussen Mohammed – The increasing services charges and hidden fees by banks has been one of…
Strengthening financial systems for sustainable development in Africa
In a significant step toward bolstering public finance systems, experts and stakeholders from across Africa gathered today for…
AFRODAD demands debt justice on Africa Day
On Africa Day celebration, the African Forum and Network on Debt and Development (AFRODAD) recognizes the continent’s remarkable…
Djibouti sovereign wealth fund partners with Tamini Insurance
At the conclusion Djibouti Forum on Tuesday, Djibouti’s sovereign wealth fund (Fonds Souverain de Djibouti) and Tamini Insurance…
Africa advised to improve public financial management
New research to be launched at the Africa Public Sector Virtual Conference hosted by ACCA (the Association of…
IMF set to release $360 million to Ghana
An International Monetary Fund (IMF) staff team, led by Mr. Stéphane Roudet, Mission Chief for Ghana, held meetings…
Africa Finance Corporation raises $1.16 billion
Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, has announced close of its largest ever…
Islamic Development Bank Institute trains Ethiopian bankers
The Islamic Development Bank Institute (IsDBI) has delivered an Islamic banking capacity-building program for the Ethiopian banking sector…
Africa told to unite for global financial architecture reform
African countries should with one voice, advocate for the reform of the global financial architecture for it to…
Togo secures $390 million financing from IMF
The Executive Board of the International Monetary Fund (IMF) approved on Friday a 42-month arrangement for Togo under…
Africa finance barometer highlights progress, persistent challenges
The Africa Financial Industry Summit-AFIS and Deloitte unveiled the third edition of their African Financial Industry Barometer, which…
Zimbabwe set to host African finance ministers
Finance and economic planning ministers are set to gather in Victoria Falls, Zimbabwe, this month for the upcoming…
AfDB appointed new private sector development department head
The African Development Bank (AfDB) on Sunday appointed Aida Ngir Ngom as the new Director of its Private…
IMF approves $100 million for Somalia
The Executive Board of the International Monetary Fund (IMF) approved a new 3-year arrangement under the Extended Credit…