WorldRemit, one of the top digital money transfer company, launches a free of charge remittance transfer service for Ethiopian diaspora…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
African Development Bank approves Non-Sovereign Operations Policy
The Board of Directors of the African Development Bank Group has approved the Bank’s Policy on Non-sovereign Operations (NSO).
Read More
Casablanca to host Africa’s structured trade finance meeting
The city of Casablanca, Morocco, is set to host African Export-Import Bank (Afreximbank’s) annual meeting on ‘structured trade finance’ next…
Read More
China promises to cancel Africa’s debt
The Chinese President Xi Jinping said his country will cancel debt of some African countries incurred in the form Chinese…
Read More
Ethiopia allows payments in foreign currency
The macroeconomic committee recently set up the new reformist Prime Minister Abiy Ahmed of Ethiopia on Wednesday has passed a…
Read More
Ethiopia secures one billion dollars from World Bank
Encouraged by the current political and economic reform in Ethiopia, the World Bank is set to provide a budget support…
Read More
UN agency urges Africa to combat money laundering
The Executive Secretary of UN Economic Commission for Africa, (ECA) Vera Songwe, said that combatting bribery, money laundering and tax…
Read More
Alibaba Group Founder provides $10 million to Africa Entrepreneur Prize
Alibaba Group founder and Executive Chairman Jack Ma today launched the Jack Ma Foundation ‘Netpreneur’ Prize, a new program created…
Read More
