Ethiopia banks capital hikes by 8%

Ethiopia banks capital hikes 8%

The total capital of bank in Ethiopia has increased by around 8% to 85.7 billion birr (around $3.1 billion at the prevailing exchange rate) at the end of last Ethiopian fiscal year ended June 2018.

AfDB, Women Entrepreneurs Finance Initiative collaborate

AfDB, Women Entrepreneurs Finance Initiative collaborate

The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) program has signed a financial procedures agreement with the World Bank-led Women Entrepreneurs Finance Initiative (We-Fi).

African Development Bank, African Trade Insurance Agency, UK reinsurers launch credit insurance deal

African Development Bank, African Trade Insurance Agency, UK reinsurers launch credit insurance deal

The African Development Bank (AfDB) and African Trade Insurance Agency (ATI) announce the successful completion of a $500 million credit insurance deal structured to cover a portion of the Bank’s portfolio of non-sovereign operations in Africa.