African Development Bank Group appoints five new directors
With the aim of improving its performance, the African Development Bank (AfDB) Group appoints five new directors with decades of professional experiences.
Ethiopia set to boost tax earning by a billion dollar
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…
Africa trade financing bank offers share to public
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.
Commercial Bank of Ethiopia buys 200 additional ATM machines
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…
AfDB President visits Ghana to strengthen relations
The President of the African Development Bank (AfDB), Akinwumi Adesina, will visit Ghana from 1-4 August 2017 as part of efforts to strengthen cooperation.
Mastercard, Kifiya partner to launch first international remit to pay service for Africa
Mastercard and Kifiya Financial Technologies – digital financial service provider in Ethiopia – have partnered to introduce first of its kind consumer to business digital remittance payment platform focusing on Africa with…
European Investment Bank to introduce private sector leasing, lending initiative in Ethiopia
The Vice President of the European Investment Bank, Pim van Ballekom, is expected to arrive Addis Ababa for the launching of a new private sector leasing and lending initiative in Ethiopia.
Shore Capital Fund III secures $15 million to support inclusive growth in Africa
The African Development (AfDB) has approved a $15 million investment in Shore Capital Fund III, a multinational Private Equity Fund.
African Development Bank approves $100 million for Export Trading Group
The African Development Bank approved a $100- million facility to finance Export Trading Group (ETG’s) soft commodity value chain operations in sub-Saharan Africa.
Japan invites Africa, India to use $4 billion investment fund
BY ANDUALEM SISAY – AHMEDABAD, INDIA – Japan Bank for International Cooperation (JBIC) invites African and Indian companies to form joint venture and access the $4.1 billion investment fund waiting for them.
International Finance Corporation partners with AfDB
BY ANDUALEM SISAY GESSESSE – The International Finance Corporation (IFC) and the African Development Bank (AfDB) Group reached agreement to promote investments that benefit women in Africa.
African Development Bank calls for investment in Africa’s future
The 52nd African Development Bank (AfDB) annual meetings open today in Ahmedabad, India, calling on the need for increased investment in the development of African continent and its people.
African Development Bank provides $226 million to Namibia
The Board of Directors of the African Development Bank has approved a loan of $226.5 million (ZAR 3 billion) to finance the Namibia Economic Governance and Competitiveness Support Programme (EGCSP).
African Export-Import Bank to hold annual meeting in Rwanda
The African Export-Import Bank (Afreximbank) will hold its 24th Annual General Meeting of Shareholders (AGM) in Kigali next month.