IFC invests $10 million in Rwanda bank
The International Finance Corporation (IFC), a member of the World Bank Group, today announced a $10 million subordinated…
Finance
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…
Morocco, Nigerian, Kenya banks become 2018 African Banker Awards nominees
The 2018 African Bankers Award shortlists strong banks from Morocco, Nigeria and Kenya. Ecobank, Standard Bank and Standard…
Addis host Ethiopia Banking, Information Communications Technology Summit
Aiming at familiarizing banking professionals with the latest industry trends and technology solutions for emerging challenges in the…
Ecobank shareholders conclude meeting in Lomé, Togo
Ecobank Transnational Incorporated, parent of Ecobank Group which provides financial services in 36 countries across Africa, concluded its…
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…
European Investment Bank to introduce new debt product
The European Investment Bank (EIB) announces on the margins of the IMF / World Bank Group Spring Meetings…
Partners set to build financial inclusion, stability in Africa
The European Investment Bank (EIB), the EU Bank, and the International Monetary Fund (IMF), agree on Thursday to…
United States gives $67 million to Democratic Republic of the Congo
The United Sates government announced nearly $67 million in additional humanitarian assistance for the people of the Democratic…
African Development Bank, Export Trading Group sign $100 million loan agreement
The African Development Bank has signed a loan agreement for a soft commodity finance facility (SCFF) with the…
African ministers of finance set to confer on tax, corruption affairs
Finance and economic planning ministers of African countries are set to meet in Addis Ababa to discuss on…
Africa progressing in fight against corruption, illicit financial outflows
By Andualem Sisay Gessesse: Some African countries have been making progress in the fights against corruption, tax fraud…
African Legal Support Facility held meeting in Abidjan
The African Legal Support Facility’s (ALSF) Management Board held its 24th meeting at the Facility’s headquarters in Abidjan…
Africa bank set to raise $700 million finance to Mali
The African Export-Import Bank (Afreximbank) is set to arrange $700 million multi-sourced finance to support trade and related…
Enat Bank, RENEW Strategies partner for women in finance forum
Ethiopia’s Enat Bank and RENEW Strategies in conjunction with are set to host the second Women in Finance…
African Development Bank set to provide $30 million loan to Rwanda
The Board of the African Development Bank Group has approved a loan of US $30 million to support…
African Development Bank seeks stronger Asia ties
The President of the African Development Bank, Akinwumi Adesina, has commended the Government of Japan for its strong…
East African Ministers share African Development Bank’s vision for the continent
In a historic first, East African Governors of the African Development Bank met with the President Akinwumi Adesina…
Ghana becomes sovereign shareholder in AFC
The Republic of Ghana (“Ghana”) has marked its 7th anniversary as a Member State of Africa Finance Corporation…
Japan provides US $700 million to African Development Fund
The Japan International Cooperation Agency (JICA) has signed a loan agreement with the African Development Fund (ADF) designed…
IFC provides $100 million to FNB to expand SME lending
The International Finance Corporation (IFC), a member of the World Bank Group, announced new financing of $100 million…
Agencies partner to increase insurance coverage in Africa
The African Risk Capacity (ARC), an agency of the African Union, and the United Nations Economic Commission for…
Ethiopia expects 47% tax revenue increase this year
BY ANDUALEM SISAY GESSESSE – The total tax income of Ethiopia for the current year will increase by…
African Development Bank strengthens Ethiopia’s debt management capacity
The African Development Bank (AfDB) conducted last week the first of a series of capacity development sessions on…
Kifiya launches international payment solution in Washington D.C.
Kifiya Financial Technologies, an Ethiopian payment solution company, in collaboration with Mastercard, launches its international payment solutions –…
African Export-Import Bank provides $500 million to Egypt
The African Export-Import Bank (Afreximbank) entered into an agreement with the Export Development Bank of Egypt (EBE) to…
European Union blacklisted countries as tax heavens
The European Union issued a report this week blacklisting about and dozen and half countries from across the…
WorldRemit targets 5 million customers in Africa
Leading digital money transfer service WorldRemit has raised $40m to drive its next phase of global growth, aiming…
Tunisia secures €72 million loan to improve digital capability
The Board of the African Development Bank Group has approved a loan of €71.56 million to support the…
New study explores Africa, Middle East future financial services
The Middle East, Africa and South Asia (MEASA) will be a source of both demand and supply for…