Ethiopia appoints new national bank governor
The Office of the Prime Minister of Ethiopia today announced the appointment of Mamo Mihretu as the new…
Finance
ICD, Trustbank to promote Islamic finance in Uzbekistan
ICD and Trustbank have signed a $20 million line of finance agreement to promote Islamic finance and support…
IMF disburses $447 million budget support to Kenya
Approving over $447 million budget support disbursement to Kenya, the Executive Board of the International Monetary Fund (IMF)…
MFS Africa, ITC partner to expand digital finance in Africa
To support small businesses in financial digital inclusion, the new partnership between MFS Africa and the International Trade…
Ethiopia’s Bunna Bank profit surpasses a billion Birr
Profit of Bunna Bank Share company of Ethiopia for the first time surpasses one billion Birr mark during…
EthSwitch profit up 153 percent
EthSwitch S.C., Ethiopia’s national switch, net profit before taxes increased by 153% from last year to 221 million…
Ethiopia increases tax revenue 31 percent
Tax revenue of Ethiopia during the first four months of the current year started July 8, 2022 has…
Hantec Financial set to expand into African markets
Hantec Financial an award-winning brand, under Hantec Group, officially announced its ongoing global expansion into Rwanda.
Women in Africa shortchanged by digital finance
Africa must invest in Science, technology, engineering, and mathematics (STEM) education for women and girls, disciplines which would…
New app to cut money sending cost from Europe to Uganda
The UN’s International Fund for Agricultural Development (IFAD), Inpay, a cross-border payments company, and its subsidiary company Eurogiro,…
MultiBank Group awarded coveted licenses in UAE, Singapore
The subsidiaries of MultiBank Group, one of the largest financial derivatives institutions worldwide, is awarded coveted licenses issued…
Kenya’s KCB, TerraPay to enhance cross-border remittances
KCB Bank Kenya and Mobex (an affiliate company of TerraPay Group, a UK-headquartered digital payments infrastructure and solutions…
Ethiopia’s labor ministry, Digaf Microcredit ink partnership
Digaf Microcredit Providers, a technology-driven microfinance institute in Ethiopia, and the Ethiopian Ministry of Labor and Skills (MoLS)…
Global development banks to avail loans for crisis recovery
World leaders and more than 450 development banks met in Abidjan, Cote d’Ivoire, for two days to reflect…
Abidjan set to host global finance summit
Abidjan the capital of Côte d’Ivoire is set to host a global finance summit that focuses on global…
Ahli United Bank, Montran to deliver virtual accounts management
Ahli United Bank today announced that it has selected Montran Corporation’s Virtual Account Management solutions to provide centralized…
Alpian launches first Swiss digital private bank
Alpian SA (Alpian) announced the opening of the first Swiss digital private bank designed to cater specifically to…
Bybit launches collateralized crypto loans service
Bybit, the world’s third most visited crypto exchange, today launched its Crypto Loans service, which provides the platform’s…
Safaricom set to commence mobile money in Ethiopia
Safaricom Ethiopia PLC, the first private telecom operator in Ethiopia has got green light from the Government to…
Arab Bank in Africa rated top by S&P Global
S&P Global Ratings (S&P) has today assigned a ‘AA’ foreign currency long-term issuer credit rating to the Arab…
Digital finance drives women’s economic empowerment in Africa
A new UN agency sponsored report reveals persistent barriers in the digital finance sector that limit women’s economic…
PwC announces record global revenues of $50 billion
PricewaterhouseCoopers (PwC) firms around the world achieved gross revenues of US$50.3 billion – up 13.4% in local currency…
IMF advises Seychelles Central Bank to improve transparency
The International Monetary Fund (IMF) advised Central Bank of Seychelles (CBS) for improved transparency practices mostly in the…
IFC, Peo Finance Proprietary to boost financial inclusion in Botswana
To expand financial inclusion and improve access to loans for low-income borrowers in Botswana, IFC and Peo Finance…
Partnerships to drive digital and financial inclusion in Ghana
The UN’s International Fund for Agricultural Development, IFAD, announced partnerships on Tuesday to slash the cost of migrant…
Former microfinance becomes largest private bank in Ethiopia
The former Amhara Credit and Savings Institution (ACSI) now Tsedey Bank is set to become the largest private…
Ethiopia’s premier receives Global Islamic Finance Award
Ethiopia’s premier Abiy Ahmed received the 2022 Laureate of the Global Islamic Finance Award for efforts made in…
Ecobank launches pan-African fintech training, awards for journalists
Ecobank Group, the leading Pan-African banking Group, today announced a partnership with AMA Academy, which is the only…
Ethiopia finally opens door for foreign banks
During its weekly meeting, the Council of Minister of Ethiopia today approved the long-awaited policy that allows foreign…
Development Bank of Ethiopia makes 3.9 billion Birr profit
The state-owned Development Bank of Ethiopia has generated a gross profit (before tax) of 3.9 billion Birr year…