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.
European Union blacklisted countries as tax heavens
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.
WorldRemit targets 5 million customers in 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…
Tunisia secures €72 million loan to improve digital capability
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.
New study explores Africa, Middle East future financial services
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.
Sweden, UNICEF launch program to help Ethiopian Women, Children
The Government of Sweden provided $9.2 million to UNICEF Ethiopia in support of a national integrated safety net system for the most vulnerable women and children in both rural and urban parts…
AfDB issues Light Up and Power Africa Bond
The African Development Bank (AfDB) has issued the first “Light Up and Power Africa” Bond for SEK 733 million (approximately JPY 10 billion) sold to the Dai-ichi Life Insurance Company, Limited, the…
SSP celebrates 30 years in the African insurance market
SSP celebrates the 30-year anniversary of providing general insurance (short-term) software solutions to African customers.
Ecobank launches mVisa in 33 African countries
Ecobank has partnered with Visa to launch Ecobank Scan+Pay with mVisa solutions to their consumers in 33 African countries.
Korea set to host African Development Bank 2018 Annual Meetings
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.
Island of Comoros joins African Export-Import Bank
The Island of Comoros joins the African Export-Import Bank (Afreximbank), the continental multilateral trade finance institution.