Trusted Insights & Expert Communications
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…
The United Sates (U.S.) top billionaires did extremely well during the COVID-19 pandemic, growing their already-huge fortunes to a new record high.
The Republic of Congo has launched a public bond offering. The operation “EOCG 6.25% NET 2021-2026”, which aims to raise 100 billion CFA francs, has a net interest rate of 6.25% for…
IFC, a member of the World Bank Group, has appointed Amena Arif as its new Country Manager for Kenya, Tanzania, Uganda, Rwanda, Burundi, Somalia, and Malawi, effective immediately.
Visa Inc. (NYSE: V) Leading global payments technology company, Visa has affirmed its commitment to expanding digital payments in Ethiopia by working closely with the financial ecosystem to bring the benefits of…
The Board of Directors of the African Development Bank has approved a grant of $2.33 million to EthSwitch Share Company, an initiative led by National Bank of Ethiopia, for the modernization of…
The prestigious U.S. magazine, Global Finance, specializing in financial markets and investment banking, has named the African Development Bank (AfDB) as the “Best Multilateral Financial Institution in the world for 2021”.
Nium, an advanced global payments platform, announced today that its clients are now able to send funds to their business partners located in Ghana, Kenya, South Africa and Tanzania, with more countries…
Creating female-centric financial products and solutions for Africa’s power-force of women entrepreneurs is gaining momentum as a core focus for banking and financial services industries on the continent. Financially empowered women hold…
With over 6 billion Birr paid-up capital Amhara Bank, the new entrant to the banking sector of Ethiopia, today held its inaugural meeting.
The Government of Ethiopia expressed its willingness to open its banking sector for foreign banks engaged in financing housing (mortgage banks).
The Government of Ethiopia has collected a total of 149.2 billion Birr the first six months of current budget year started July 8, 2020.
Addis International Bank, one of the sixteen private banks operating in Ethiopia, has announced a total of 274.2 million Birr profit before tax for the budget year concluded June 30, 2020.
Compared with the preceding year, the annual gross profit of Zemen Bank Share Company, one of the 16 private banks in Ethiopia, has surpassed one billion Birr for the financial year concluded…