The European Union (EU) on Thursday agrees to provide 130 million euros to Ethiopia in support of the country’s effort to create jobs.
Prime Minister Abiy Ahmed of Ethiopia held discussions with heads and representatives of financial institutions to discuss the current reforms within the sector.
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.
Ethiopian Airlines and Hibret Bank of Ethiopia have launched the first Co-branded debit card tailored to provide Ethiopian Sheba Miles members with bonus miles for their spending using the debit card.
The government of Ethiopia has collected 83 billion (close to $3 billion) in the first five months of starting July 8, 2018.
Continuing its fight against illicit financial outflows, the government of Ethiopia’s customs authorities on captured a woman who was smuggling $33,250 cash out the country.
The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank Group, approved credit risk participations by the Private Sector Credit Enhancement Facility (PSF) in seven loans cumulatively valued at $149 million.
By Andualem Sisay Gessesse – Djibouti – Commercial Bank of Ethiopia (CBE), which reopened its branch in Djibouti 18 months ago, is still struggling to make profit.
The Royal Norwegian Embassy in Ethiopia signed a grant agreement today with UNFPA and UNICEF amounting to NOK 100 million (USD 11.3 million) in support of ‘Joint Programme on a Rights-based Approach to Adolescent and Youth Development in Ethiopia (2018-2021)’.
The European Investment Bank (EIB) signed today a new loan with the Ethiopian Ministry of Finance and Economic Cooperation to further boost female economic inclusion and empowerment across the country.
The Arab Bank for Economic Development in Africa (BADEA) has acquired an equity stake in the Eastern and Southern African Trade and Development Bank, formerly known as PTA.
Standard Bank Wealth and Investment has won the Best Private Bank for Customer Service in Africa for the second year running at the Professional Wealth Management (PWM) and Financial Times Global Private Banking Awards.
The African Development Bank President Akinwumi Adesina on Tuesday made an impassioned call for investors to join the partnership platform offered by the Africa Investment Forum and “grab the chance to fast track the continent’s investment and development agenda”.
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).
The Mastercard Foundation on Thursday announced a new fund that enables young changemakers to seed and kick-start promising social ventures and community projects, creating economic opportunities for themselves and others.
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.