Commercial Bank of Ethiopia (CBE), the fully state-owned enterprise, announced that it has recorded a net profit of 54.5 billion birr over the first nine months of the current budget year of…
The Ministry of Revenue of Ethiopia says the country has collected 1.1 trillion Birr Tax Revenue in nine months of the current Ethiopian calendar started July 8, 2025.
The National Bank of Ethiopia (NBE), financial sector governing body of the country, says digital financial transaction has been growing fast reaching 18.5 trillion Birr in one year (June 2024 -June 2025).
Taking a bold move the National Bank of Ethiopia (NBE), the central bank in charge of regulating the financial system of the country, removes on Wednesday most of decades old restrictions on…
Standard Bank, Africa’s biggest bank by assets, has partnered with Safaricom Telecommunications, Kenya’s largest telecommunications provider, to provide funding of $138 million as part of investment towards Safaricom Telecommunications Ethiopia PLC (STEP).
The African Development Bank (AfDB) has officially been earmarked as Algeria’s international partner in the country’s renewed efforts to engage with external financing, marking a key milestone in the ongoing partnership between…
By Africa Risk Control West Africa Desk: Ghana, located in West Africa along the Gulf of Guinea, has a population of approximately 34 million and a GDP of around $90 billion (2024…
By Africa Risk Control East Africa Desk – Ethiopia’s microfinance sector has grown into a vital pillar of financial inclusion, bridging the gap for millions of low-income households and small businesses excluded…
By Africa Risk Control West Africa Desk- Nigeria has emerged as the undisputed leader of Africa’s financial technology (fintech) revolution. With a population of over 220 million people—more than half of them…
With a focus on women entrepreneurs and in rural areas, the International Finance Corporation (IFC) today announced a loan to VisionFund Microfinance Institution, the first ever local currency loan to a financial…
By Yanet Fantaye – Ethiopia’s fintech market has shifted from a handful of domestic experiments to a broad, fast-growing payments and digital-finance ecosystem. The National Bank of Ethiopia (NBE) is actively rolling…
Backbase and African Banker launch landmark report on the future of digital banking in Africa that highlighted digital literacy gaps as the major challenge followed by cybersecurity concerns and limited access to…
Backbase, the global leader in Engagement Banking, in partnership with the African Banker magazine, has launched the inaugural report in the Africa Digital Banking Experience Series 2025.
The Export-Import Bank of the United States’ (EXIM) Board of Directors today approved a transaction to export Boeing aircraft and spare propulsion equipment to Angola.