Bunna Bank makes 1.35 billion Birr profit
Bunna Bank Schare Company today announced making 1.35 billion Birr profit before tax during the budget year concluded…
Finance
New CLUB set to help indebted countries of South
By Andualem Sisay Gessesse – The Common Leveraging Union of Borrowers (CLUB), the group recently launched by members…
Dashen Bank of Ethiopia assets up 25 percent
The total assets of Dashen Bank, one of the biggest private banks in Ethiopia, has grown up 24.7…
German supports financial training for Ethiopians
The German Embassy in Addis Ababa, Ethiopia, in cooperation with Giesecke+Devrient (G+D) sponsored financial training for Ethiopians engaged…
IFC, FirstRand Bank partner to finance SMEs in South Africa
The International Finance Corporation (IFC) today announced a loan to FirstRand Bank, which will support businesses in the…
Ajay vows to make World Bank “better bank”
By Andualem Sisay Gessesse (Marrakech, Morocco) – The newly appointed World bank President Ajay Banga expresses his plant…
USD rise doesn’t impact much emerging economies
By Andualem Sisay Gessesse (Marrakech, Morocco) – The recent rise of the United States Dollar will not have…
African MPs urged to seriously interrogate executives on debt
The Members of parliament (MPs) of African countries are urged to seriously interrogate their executives to understand the…
IFAD, Stanbic Bank to cut money transfer costs to Uganda
The UN’s International Fund for Agricultural Development (IFAD) and Stanbic Bank Uganda (SBU) today announced a partnership that…
Ethiopia increases exporters’ forex retention to 50 percent
By Muluneh Gebre – The National Bank of Ethiopia (NBE) has announced that it has increased the amount…
New World Bank president set to visit Ethiopia
The new World Bank president Ajay Banga is set to visit Ethiopia this week starting July 31, 2023.
Islamic Trade Finance Corporation inks $1.2 billion deal
The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group (IsDB), has signed…
ATIDI maintains profitable growth despite global headwinds
Pan- African Insurer, African Trade and Investment Development Insurance (ATIDI) – formerly known as the African Trade and…
Ethiopia set to launch securities exchange
Efforts are underway to develop Ethiopia’s financial market as the government prepares to launch securities exchange in 2024.
ATI, Deutsche Bank support $305 road project in Angola
African Trade Insurance Agency (ATI) has supported Deutsche Bank with a comprehensive nonpayment insurance cover, insuring the bank…
Ethiopia’s pioneer fintech urges government to provide credit guarantee
By Andualem Sisay Gessesse – Kifiya Financial Technologies, the pioneer fintech company in Ethiopia advised the Government of…
How instant payments in Africa boost development
Over 350 million adults in Africa are unbanked and primarily excluded from the formal economy, relying heavily on…
Access Bank introduces American Express credit cards in Nigeria
In maintaining its leadership status as Nigeria’s most innovative bank, Access Bank has unveiled two new consumer credit…
Ethiopia proposes over 801 billion Birr annual budget
The Ministry of Finance of Ethiopia proposed 801.65 billion Birr annual budget for 2016 Ethiopian Calendar that begins…
New Islamic bank joins Ethiopian financial sector
With a signed capital of over 2.1 billion birr and the paid capital of 636,084,430 birr, Rammis, a…
UN agency calls for global financial system overhaul
The United Nations Economic Commission for Africa (ECA) has called for an inclusive international tax system and an…
Angola becomes ATI’s 21st member state
The Republic of Angola has become the 21st African Member State and the 1st Lusophone Member State of…
FSD Africa, Swiss foundation, Rwanda National Bank launch partnership
FSD Africa has partnered with the Swiss Re Foundation and the National Bank of Rwanda to launch BimaLab…
Foundation encourages Ethiopians to apply for grant
Jack Ma Foundation encourages Ethiopian entrepreneurs to apply for Africa’s Business Heroes (ABH) grant before the deadline (May…
Rwanda advised to make accessible business beneficial information
A new report calls on Rwandan government to amend company laws to ensure that Beneficial Ownership (BO) information…
Africa urged to build resilience against financial shocks
Experts call for urgent financing for African countries to help them build resilience against financial, health and climate…
Africa Fintech Summit, African Media Agency announce partnership
African Media Agency (AMA) and Africa Fintech Summit (AFTS) announce a strategic partnership aimed at increasing awareness about…
Japan provides $350 million private sector loan to AfDB
The African Development Bank (AfDB) and Japan have signed an exchange of notes for an eighth private sector…
Saudi Arabia to launch financial sector conference
The 2nd Edition of the Financial Sector Conference (FSC 2023) is set be held March 15-16, 2023 at…
Ethiopia secures 182 million euros loan, grant from Italy
The Prime Minister of Ethiopia, Abiy Ahmed Ali, held a visit to Italy in Rome on Monday where…