Trusted Insights & Expert Communications
The African Development Bank Group and the Eastern and Southern African Trade and Development Bank (TDB Group) have signed an agreement for a $150 million Trade Finance Unfunded Risk Participation Agreement (RPA)…
Africa’s journey towards meeting the Sustainable Development Goals (SDGs) hinges on developing effective domestic financial markets that provide affordable finance.
The Executive Board of the International Monetary Fund (IMF) on Friday concluded the Review of Charges and the Surcharge Policy, which can lower IMF borrowing costs for members by 36 percent, or…
The Economic Commission for Africa (ECA), in collaboration with the West African Monetary Institute (WAMI) and the central banks of Guinea and Sierra Leone, has successfully completed a series of awareness-raising and…
Daba Finance, the Ivorian fintech wins Ecobank’s $50,000 fintech challenge 2024 after fierce competition.
BY YANET FANTAYE WOGAYEHU – As part of the recent four-year US$ 3.4 billion Extended Credit Facility (ECF) arrangement reached between the International Monetary Fund (IMF) and the Government of Ethiopia, the…
BY YANET FANTAYE WOGAYEHU – As Ethiopia grapples with rising inflation and internal conflicts, consumers are closely watching for signs of relief following the government’s July decision to introduce a floating foreign…
This week parliamentarians from the East and Southern African region are gathered in Harare, Zimbabwe for the regional African Parliamentary Network on Illicit Financial Flows and Taxation (APNIFFT) meeting 16 to 19…
Arise, a company that invests in African financial service providers and fintechs that advance financial inclusion, has invested $7.5 million in South African fintech start-up Omnisient.
The African Risk Capacity Limited (ARC Ltd) commemorates its 10th anniversary and outlines a decade of impact, which saw it paying out over $170 million in claims and underwriting a record $25…
African Export-Import Bank (Afreximbank) and the Uganda Development Bank (UDB) have signed a Joint Project Preparation Facility Framework Agreement to provide early project preparatory financing and technical support services to public and…
BY YANET FANTAYE WOGAYEHU – For the first time in the country’s history, the National Bank of Ethiopia (NBE), the financial sector regulatory body of the country, has begun accepting applications from…
The Government of Ethiopia today announced liberalization of the forex market, which immediately resulted in about 31 percent devaluation of the country’s currency – Birr against major currencies.
Dozens of finance and foreign ministers met this week to call for radical action to reform the international financial architecture, empower developing countries in international institutions and channel trillions of dollars towards…