Arab bank invest in Eastern and Southern African Trade and Development Bank
The Arab Bank for Economic Development in Africa (BADEA) has acquired an equity stake in the Eastern and Southern African Trade and Development Bank, formerly known as PTA.
Standard Bank wins best Africa private bank award
Standard Bank Wealth and Investment has won the Best Private Bank for Customer Service in Africa for the second year running at the Professional Wealth Management (PWM) and Financial Times Global Private…
Finance Institutions Join Forces to ‘Deliver As One For Africa’
The African Development Bank President Akinwumi Adesina on Tuesday made an impassioned call for investors to join the partnership platform offered by the Africa Investment Forum and “grab the chance to fast…
AfDB, Women Entrepreneurs Finance Initiative collaborate
The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) program has signed a financial procedures agreement with the World Bank-led Women Entrepreneurs Finance Initiative (We-Fi).
Mastercard launches new fund for young Africans
The Mastercard Foundation on Thursday announced a new fund that enables young changemakers to seed and kick-start promising social ventures and community projects, creating economic opportunities for themselves and others.
African Development Bank, African Trade Insurance Agency, UK reinsurers launch credit insurance deal
The African Development Bank (AfDB) and African Trade Insurance Agency (ATI) announce the successful completion of a $500 million credit insurance deal structured to cover a portion of the Bank’s portfolio of…
Women owned enterprises in Nigeria secure $50 million
The African Development Bank has approved a $50 million line of credit to Nigeria’s Fidelity Bank Plc to support small and medium sized, and women-owned enterprises in selected transformative sectors, including close…
African Development Bank, Room2Run securitization model for global lenders
Room2Run, the African Development Bank and partners’ innovative $1 billion synthetic securitization of a portfolio of seasoned African Development Bank private sector loans, is set to serve as a model for other lenders.…
Banking in Ethiopia remains promising in the face of adversity
The banking sector in Ethiopia remains promising through it has been changed by both infrastructure and stringent policies and regulations, says veteran banker.
WorldRemit offers free service for Ethiopian diaspora in America
WorldRemit, one of the top digital money transfer company, launches a free of charge remittance transfer service for Ethiopian diaspora in the United States.
WorldRemit set to boost Ethiopia’s remittance income
WorldRemit, one of the fastest growing digital remittance transfer company in the world, is set to boost Ethiopia’s income from remittance by partnering with Abay Bank this morning.
Africa’s development partners price landmark $1 billion impact securitisation
The African Development Bank (AfDB), the European Commission, Mariner Investment Group, LLC (Mariner), Africa50, and Mizuho International plc today announce the pricing of Room2Run, a $1 billion synthetic securitization corresponding to a…
U.S. provides $900 million to Africa, Asia, Latin America projects
The Overseas Private Investment Corporation (OPIC) of the United States government on Thursday approved $895 million in financing and political risk insurance across seven projects that will advance development in Africa, Asia…
Nordic Investment Bank provides 100 million Euros for Africa’s trade
The Nordic Investment Bank (NIB) and the African Export-Import Bank (Afreximbank) have signed a 10-year loan programme of 100 million Euros to finance various infrastructure projects in African countries.