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.
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 non-sovereign operations in Africa.
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 to a hundred SMEs in manufacturing, health and education.
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. It also helps reduce costs, and shorten execution time, according to finance experts.
The banking sector in Ethiopia remains promising through it has been changed by both infrastructure and stringent policies and regulations, says veteran banker.
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, 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.
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 portfolio of seasoned pan-African credit risk.
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 and Latin America.
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.
The Board of Directors of the African Development Bank Group has approved the Bank’s Policy on Non-sovereign Operations (NSO).
The city of Casablanca, Morocco, is set to host African Export-Import Bank (Afreximbank’s) annual meeting on ‘structured trade finance’ next November.
The Chinese President Xi Jinping said his country will cancel debt of some African countries incurred in the form Chinese government loans due by the end of 2018.
The macroeconomic committee recently set up the new reformist Prime Minister Abiy Ahmed of Ethiopia on Wednesday has passed a directive that allows payments in foreign currently for selected business areas.
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