Huduma Card delivers cashless efficiency, powered by Mastercard technology
Mastercard commits to supporting the roll-out of the Huduma Card in Kenya as the technology partner of choice for the local government organisation.
PTA bank finances $26 billion projects in Africa
The former PTA Bank, which re-branded itself to Trade and Development Bank (TDB) said it has financed $26 billion projects in the continent over the last ten years.
African Export-Import Bank’s Moody’s Rating improves
The global rating agency Moody’s Investors Service (Moody’s) has announced an upgrade of the issuer rating of the African Export-Import Bank (Afreximbank) from Baa2 to Baa1, with the outlook as stable.
Institution urges water ministers to combat water scarcity
Associate Vice-President of the International Fund for Agricultural Development (IFAD), Perin Saint Ange, urged water ministers of developing countries to combat water scarcity and help farmers access the water they need to…
Global partners support financial inclusion expansion in Congo
The International Finance Corporation (IFC), a member of the World Bank Group, together with The MasterCard Foundation, today announced a cooperation agreement valued at $1 million with microfinance institution FINCA in the…
PwC announces new global corporate tax services team
Today, PwC announced an innovative agreement with GE to provide integrated, enterprise managed tax services to GE on a global basis.
Ethiopia tax income up 10%
BY ANDUALEM SISAY GESSESSE-The tax income of Ethiopia over the past six months has increased by 10% compared to last year same period (August 8, 2014 – Jan 7, 2015), Prime Minister…
Ethiopia vows to combat trade misinvoicing
By Andualem Sisay Gessesse –Ethiopia is battling to stop the outflows of billions of dollars every year through trade misinvoicing in collaboration with foreign partners, the country’s tax authority official said.
OIC seals 21 million Birr insurance agreement with farmers
Oromia Insurance Company (OIC) is set to sign tomorrow a 21 million birr worth (around 1.6 million USD at today’s exchange rate) crop insurance plan with farmers tomorrow (July 24, 2010) in…
Ethiopian banks’ revenue grew to 24 percent
The total profit of commercial banks in Ethiopia, grew by 24 percent this year as compared to the similar period last year. This is excluding the new private banks, which have not began…
Ethiopia to boost budget 20 percent
Ethiopian Minister of Finance and Economic Development (MoFED) presented to the Parliament a 20 percent national budget increment (1.5 billion USD) for the coming fiscal year (July 8, 2010 to July 7,…
Oromia Insurance increases asset 43 percent
Oromia Insurance Company, which joined Ethiopian insurance business a year ago, announced that its total asset has grown by 43 percent.