Finance

The European Union issued a report this week blacklisting about and dozen and half countries from across the world as tax heavens. The list includes Tunisia from Africa.

Leading digital money transfer service WorldRemit has raised $40m to drive its next phase of global growth, aiming to serve 10 million customers connected to emerging markets. Half of these customers will be in Africa.    

The Board of the African Development Bank Group has approved a loan of €71.56 million to support the implementation of ‘Digital Tunisia 2020’ National Strategic Plan.

The Middle East, Africa and South Asia (MEASA) will be a source of both demand and supply for more and better financial services, a new report says.

Ecobank has partnered with Visa to launch Ecobank Scan+Pay with mVisa solutions to their consumers in 33 African countries.  

The African Development Bank Group (AfDB) and the Government of Korea have officially launched preparations for the Bank’s 2018 Annual Meetings, to be held in Korea.

The Island of Comoros joins the African Export-Import Bank (Afreximbank), the continental multilateral trade finance institution.

With the aim of improving its performance, the African Development Bank (AfDB) Group appoints five new directors with decades of professional experiences.   

By Andualem Sisay Gessesse – The government of Ethiopia says it has increased the national budget of the country for the budget year started last month expecting a 25 billion birr (around $1.1) increase in tax collection.

The multinational trade finance bank African Export-Import Bank, Afreximbank, launches a $300 million equity offering, using Depositary Receipts backed by its Class “D” shares.

NCR Corporation (NYSE: NCR), a global leader in Omni-channel solutions, today announced that Commercial Bank of Ethiopia (CBE), the largest bank in the country, is expanding its ATM network with the addition of 200 new NCR SelfServ™ ATMs.