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…
Finance
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…
African Export-Import Bank’s Moody’s Rating improves
The global rating agency Moody’s Investors Service (Moody’s) has announced an upgrade of the issuer rating of the…
Institution urges water ministers to combat water scarcity
Associate Vice-President of the International Fund for Agricultural Development (IFAD), Perin Saint Ange, urged water ministers of developing…
Global partners support financial inclusion expansion in Congo
The International Finance Corporation (IFC), a member of the World Bank Group, together with The MasterCard Foundation, today…
PwC announces new global corporate tax services team
Today, PwC announced an innovative agreement with GE to provide integrated, enterprise managed tax services to GE on…
Ethiopia tax income up 10%
BY ANDUALEM SISAY GESSESSE-The tax income of Ethiopia over the past six months has increased by 10% compared…
Ethiopia vows to combat trade misinvoicing
By Andualem Sisay Gessesse –Ethiopia is battling to stop the outflows of billions of dollars every year through…
OIC seals 21 million Birr insurance agreement with farmers
Oromia Insurance Company (OIC) is set to sign tomorrow a 21 million birr worth (around 1.6 million USD…
Ethiopian banks’ revenue grew to 24 percent
The total profit of commercial banks in Ethiopia, grew by 24 percent this year as compared to the…
Ethiopia to boost budget 20 percent
Ethiopian Minister of Finance and Economic Development (MoFED) presented to the Parliament a 20 percent national budget increment…
Oromia Insurance increases asset 43 percent
Oromia Insurance Company, which joined Ethiopian insurance business a year ago, announced that its total asset has grown…