African Development Bank Group appoints five new directors
With the aim of improving its performance, the African Development Bank (AfDB) Group appoints five new directors with…
Finance
Ethiopia set to boost tax earning by a billion dollar
By Andualem Sisay Gessesse – The government of Ethiopia says it has increased the national budget of the…
Africa trade financing bank offers share to public
The multinational trade finance bank African Export-Import Bank, Afreximbank, launches a $300 million equity offering, using Depositary Receipts…
Commercial Bank of Ethiopia buys 200 additional ATM machines
NCR Corporation (NYSE: NCR), a global leader in Omni-channel solutions, today announced that Commercial Bank of Ethiopia (CBE),…
AfDB President visits Ghana to strengthen relations
The President of the African Development Bank (AfDB), Akinwumi Adesina, will visit Ghana from 1-4 August 2017 as…
Mastercard, Kifiya partner to launch first international remit to pay service for Africa
Mastercard and Kifiya Financial Technologies – digital financial service provider in Ethiopia – have partnered to introduce first…
European Investment Bank to introduce private sector leasing, lending initiative in Ethiopia
The Vice President of the European Investment Bank, Pim van Ballekom, is expected to arrive Addis Ababa for…
Shore Capital Fund III secures $15 million to support inclusive growth in Africa
The African Development (AfDB) has approved a $15 million investment in Shore Capital Fund III, a multinational Private…
African Development Bank approves $100 million for Export Trading Group
The African Development Bank approved a $100- million facility to finance Export Trading Group (ETG’s) soft commodity value…
Japan invites Africa, India to use $4 billion investment fund
BY ANDUALEM SISAY – AHMEDABAD, INDIA – Japan Bank for International Cooperation (JBIC) invites African and Indian companies…
International Finance Corporation partners with AfDB
BY ANDUALEM SISAY GESSESSE – The International Finance Corporation (IFC) and the African Development Bank (AfDB) Group reached…
African Development Bank calls for investment in Africa’s future
The 52nd African Development Bank (AfDB) annual meetings open today in Ahmedabad, India, calling on the need for…
African Development Bank provides $226 million to Namibia
The Board of Directors of the African Development Bank has approved a loan of $226.5 million (ZAR 3…
African Export-Import Bank to hold annual meeting in Rwanda
The African Export-Import Bank (Afreximbank) will hold its 24th Annual General Meeting of Shareholders (AGM) in Kigali next…
African Development Bank welcomes Germany’s support
The President of the African Development Bank Group (AfDB), Akinwumi Adesina, appreciated the Committee for Germany’s generous contribution…
African Development Bank opens Office in Benin
African Development Bank (AfDB) announces it is planning to open national office in Benin. This is indicated by…
Africa Finance Corporation issues a half billion Eurobond
Africa Finance Corporation (‘AFC’) has issued a half billion dollars seven year Eurobond. The senior, unsecured Eurobond which…
One-in-seven consumes migrants’ money – UN agency says
While migration issues draw political fire in Europe and beyond, the greater development benefit of the approximate half…
India to host African Development Bank 2017 summit
The city of Ahmedabad, India, is set to host the 2017 Annual General Meetings of the African Development…
New Development Bank finances $1.5 billion energy projects
Within its first two years of operation, New Development Bank (NDB) approves a total of $1.5 billion in…
South Sudan agree to join African Export-Import Bank
The youngest country in Africa, South Sudan, becomes participating country of the continental financial block – the African…
Profit shifting companies steal $1.1 billion annualy from Ethiopia – report
Ethiopia loses over $1.1 billion every year by profit shifting companies, a new report reveals. The new individual…
New law converts Nairobi to tax heaven, civil society warns
The capital of Kenya, Nairobi, risks becoming a tax haven and a conduit for illicit financial flows if…
Ethiopia’s banking industry grows double digit
A new report predicts double digit growth of Ethiopia’s banking industry. Ethiopia’s commercial banking sector will post a…
Africa Finance Corporation invest in Egyptian company
Africa Finance Corporation (AFC) is set to invest $25 million in Egyptian petrochemicals company Carbon Holdings Ltd, the…
African Development Bank provides $25 million to Mali
The African Development Bank (AfDB) is set to provide $25 million concessional loan to the Government of Mali…
How to help fund your business
While bootstrapping has proven itself to be successful over the years, it’s not always entrepreneurs’ preferred choice for…
Afreximbank partners with Ecobank to finance trade, investment in Africa
The African Export-Import Bank (Afreximbank) and Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group partnered to…
Huduma Card delivers cashless efficiency, powered by Mastercard technology
Mastercard commits to supporting the roll-out of the Huduma Card in Kenya as the technology partner of choice…
PTA bank finances $26 billion projects in Africa
The former PTA Bank, which re-branded itself to Trade and Development Bank (TDB) said it has financed $26…