Commercial Bank of Ethiopia secures $2.4 billion remittances
The state-owned Commercial Bank of Ethiopia (CBE) announced it has collected $2.4 billion in remittances from Ethiopians in the diaspora who sent money to their relatives in Ethiopia.
African Development Bank launches $463.9 million social bond
The African Development Bank (www.AfDB.org) launched a A$600 million (US$463.9 million) 5.5-year Kangaroo bond, marking its return to the Australian dollar bond market.
Cloudbeds introduces new payments solution
Cloudbeds, the fastest growing hospitality management platform, announced the launch of a fully integrated payments solution and a new Financial Services division in the US, Canada, UK, and EU.
Campfire interactive to unlock profit potential on amazon web services
Campfire Interactive, Inc. , the leading provider of portfolio profitability management in the automotive sector, announced a strategic relationship today with Amazon Web Services, Inc. (AWS), an Amazon.com company. Through the collaboration,…
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.