ITT announces quarterly dividend of $0.22 per share
ITT Inc. announced today that its Board of Directors has declared a regular quarterly dividend payment of $0.22 per share on the Company’s outstanding stock. The dividend is payable on July 6,…
Ugandan remittances decline
Recent data from the May Migration and Development Brief shows that remittance flows to Uganda declined by 26 per cent, from US$1.4 billion in 2019 to US$1.1 billion in 2020.
Overcoming bankability to make renewable energy feasible in Ethiopia
BonelliErede an international law firm, along with the RES4Africa Foundation, an organisation dedicated to promoting renewable energy in Africa, recently held a webinar which covered the management of bankability issues regarding renewable…
Atlas Financial Holdings closes sale of American Service
Atlas Financial Holdings, Inc. today announced that the previously disclosed sale of the stock, charter and state licenses of Atlas’ indirect subsidiaries American Service Insurance Company, Inc. and American Country Insurance Company.
Remittance flows to Kenya defy the odds during pandemic
Despite the impact of the COVID-19 pandemic on wages and employment across the world, the Kenyan diaspora community continues to send money back home to their families.
INVESTBANK to launch next-generation credit card for Jordan
i2c Inc., a leading provider of digital payment and banking technology, today announced a partnership with INVESTBANK, a leading bank in providing innovative financial solutions in Jordan.
Dashen Bank of Ethiopia introduces new electronic remittance transfer
Dashen Bank, one of the biggest private banks in Ethiopia of Ethiopia, partnered with Flutterwave, Africa’s leading payments technology company, and launched a new electronic remittance transfer platform.
Oxford Finance provides $125 million to Kala Pharmaceuticals
Oxford Finance LLC (“Oxford”), a leading specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide, has announced the closing of a $125 million senior secured term…
African development Bank set to fund women entrepreneurs
This May, the African Development Bank Group is launching a call for proposals for projects enhancing the viability and sustainability of women entrepreneurship enablers.
Centric Financial Corporation announces record breaking earnings
Centric Financial Corporation (“Centric” or “the Company”) (OTC: CFCX), the parent company of Centric Bank (“the Bank”), announced earnings and financial results for the first quarter 2021.
Sudan debt relief moves forward
Under a debt relief plan won by advocates in the early 2000s, Sudan could see a drastic cut in its $50 billion debt this summer, according to the IMF and the World…
COVID triggers changes in payments habits
More than eight in ten consumers (86%) say that their payments habits have changed since the start of the pandemic, with 59% trying a new payment method for the first time –…
Majority Ethiopians still have no access to credit
Despite the increase in the number of banks, microfinances and their branches over the last 25 years, the majority of Ethiopians mainly the very poor and those engaged in micro and small…
African finance ministers reflect on Special Drawing Rights
Africa’s Finance, Development and Planning Ministers on Tuesday called for a swift, bold and positive response from international financial institutions on Special Drawing Rights (SDRs) in the range of 500 billion to…