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African Development Bank transparency ranking improves

African Development Bank transparency ranking improves

July 4, 2018

The 2018 Aid Transparency Index Report, released by ‘Publish what you Fund’ has ranked the African Development Bank 4th among 45 development organizations, lifting the Bank by six positions since 2016.

Ethiopia sacks two state bank presidents

Ethiopia sacks two state bank presidents

July 4, 2018

Ethiopian government today announces sacking of two big state bank presidents.  The Finance Institutions Enterprises Agency of Ethiopia has appointed new presidents for the Commercial Bank of Ethiopia (CBE) and the Development…

National Bank of Ethiopia needs complete reform advises veteran economist

National Bank of Ethiopia needs complete reform

June 29, 2018

The former advisor at the National Bank of Ethiopia (NBE), who now calls the institution ‘money printing press’, urges the government to completely reform the regulatory body of Ethiopia’s financial sector.

IFC Invests $60 million to expand lending in Africa

IFC Invests $60 million to expand lending in Africa

June 4, 2018

With the aim of facilitating growth and job creation in Africa, the International Finance Corporation (IFC), a member of the World Bank Group, today announced a $60 million investment in a regional…

IFC invests $10 million in Rwanda bank

IFC invests $10 million in Rwanda bank

May 28, 2018

The International Finance Corporation (IFC), a member of the World Bank Group, today announced a $10 million subordinated loan to I&M Bank (Rwanda) to strengthen the bank’s capital base.