The United Sates (U.S.) top billionaires did extremely well during the COVID-19 pandemic, growing their already-huge fortunes to a new…
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Congo offers public bond to raise 100 billion CFA franc
The Republic of Congo has launched a public bond offering. The operation “EOCG 6.25% NET 2021-2026”, which aims to raise…
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IFC appoints new country manager for East Africa, Malawi
IFC, a member of the World Bank Group, has appointed Amena Arif as its new Country Manager for Kenya, Tanzania,…
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Visa set to digitize payments in Ethiopia
Visa Inc. (NYSE: V) Leading global payments technology company, Visa has affirmed its commitment to expanding digital payments in Ethiopia…
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African Development Bank finances electronic payments modernization of Ethiopia
The Board of Directors of the African Development Bank has approved a grant of $2.33 million to EthSwitch Share Company,…
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AfDB named world’s best multilateral financial institution
The prestigious U.S. magazine, Global Finance, specializing in financial markets and investment banking, has named the African Development Bank (AfDB)…
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Nium payments platform remits funds into four African markets
Nium, an advanced global payments platform, announced today that its clients are now able to send funds to their business…
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Financial inclusion for Africa’s women entrepreneurs
Creating female-centric financial products and solutions for Africa’s power-force of women entrepreneurs is gaining momentum as a core focus for…
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Amhara Bank joins Ethiopia’s banking industry
With over 6 billion Birr paid-up capital Amhara Bank, the new entrant to the banking sector of Ethiopia, today held…
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Ethiopia opens door for foreign mortgage banks
The Government of Ethiopia expressed its willingness to open its banking sector for foreign banks engaged in financing housing (mortgage…
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Ethiopia tax income up 17 percent
The Government of Ethiopia has collected a total of 149.2 billion Birr the first six months of current budget year…
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Addis Bank profit increases to 274 million Birr
Addis International Bank, one of the sixteen private banks operating in Ethiopia, has announced a total of 274.2 million Birr…
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Zemen Bank profit surpasses one billion Birr
Compared with the preceding year, the annual gross profit of Zemen Bank Share Company, one of the 16 private banks…
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Wegagen Bank of Ethiopia profit up 46 percent
During the financial year concluded June 30, 2020, Wegagen Bank, one of the private banks in Ethiopia, has reported annual…
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