African Legal Support Facility held meeting in Abidjan
The African Legal Support Facility’s (ALSF) Management Board held its 24th meeting at the Facility’s headquarters in Abidjan to consider key matters concerning the ALSF.
Africa bank set to raise $700 million finance to Mali
The African Export-Import Bank (Afreximbank) is set to arrange $700 million multi-sourced finance to support trade and related infrastructure projects in Mali, focusing mainly on transport logistics, tourism, agro-processing and the financial…
Enat Bank, RENEW Strategies partner for women in finance forum
Ethiopia’s Enat Bank and RENEW Strategies in conjunction with are set to host the second Women in Finance forum. The Forum will be held on Wednesday, March 21, 2018 at Enat Bank…
African Development Bank set to provide $30 million loan to Rwanda
The Board of the African Development Bank Group has approved a loan of US $30 million to support the establishment of Rwanda Innovation Fund (RIF).
African Development Bank seeks stronger Asia ties
The President of the African Development Bank, Akinwumi Adesina, has commended the Government of Japan for its strong support of the Bank and its multi-billion economic transformation partnership with Africa. Adesina identified…
East African Ministers share African Development Bank’s vision for the continent
In a historic first, East African Governors of the African Development Bank met with the President Akinwumi Adesina and Executives to discuss economic challenges, opportunities and successes in the continent’s fast-growing powerhouse…
Ghana becomes sovereign shareholder in AFC
The Republic of Ghana (“Ghana”) has marked its 7th anniversary as a Member State of Africa Finance Corporation (“AFC” or “the Corporation”) by becoming a sovereign shareholder in the Corporation, making an…
Japan provides US $700 million to African Development Fund
The Japan International Cooperation Agency (JICA) has signed a loan agreement with the African Development Fund (ADF) designed to provide an Official Development Assistance (ODA) loan to the tune of 73.601 billion…
IFC provides $100 million to FNB to expand SME lending
The International Finance Corporation (IFC), a member of the World Bank Group, announced new financing of $100 million to support FNB’s lending to small and medium enterprises, with a focus on women-owned…
Agencies partner to increase insurance coverage in Africa
The African Risk Capacity (ARC), an agency of the African Union, and the United Nations Economic Commission for Africa (ECA) have announced a new partnership which will see the two organisations work…
Ethiopia expects 47% tax revenue increase this year
BY ANDUALEM SISAY GESSESSE – The total tax income of Ethiopia for the current year will increase by 47% compared to the previous year, says Ethiopian Revenue and Customs Authority (ERCA).
African Development Bank strengthens Ethiopia’s debt management capacity
The African Development Bank (AfDB) conducted last week the first of a series of capacity development sessions on debt management for Ethiopia in Addis Ababa.
Kifiya launches international payment solution in Washington D.C.
Kifiya Financial Technologies, an Ethiopian payment solution company, in collaboration with Mastercard, launches its international payment solutions – Mela- in Washington D.C.
African Export-Import Bank provides $500 million to Egypt
The African Export-Import Bank (Afreximbank) entered into an agreement with the Export Development Bank of Egypt (EBE) to provide the Egyptian bank with a $500 million.