The Government of Ethiopia today announced liberalization of the forex market, which immediately resulted in about 31 percent devaluation of…
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African ministers call for international financial system remaking
Dozens of finance and foreign ministers met this week to call for radical action to reform the international financial architecture,…
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Ethiopia, UAE ink currency swap agreement
The Central Bank of United Arab Emirates (CBUAE) and the National Bank of Ethiopia (NBE) sign currency swap agreement and…
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ATIDI’s profits jumps to $69 million
African Trade and Investment Development Insurance (ATIDI) recorded a remarkable performance for the financial year ended December 2023, backed by…
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Ethiopia’s financial sector poised for takeoff, but hurdles remain
By Anwar Hussen Mohammed – Ethiopia, Africa’s second-most populous nation with about 120 million people, boasts a fast-growing economy. Underpinning…
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How to avoid hidden, expensive fees during money transfers
By Anwar Hussen Mohammed – The increasing services charges and hidden fees by banks has been one of the main…
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Strengthening financial systems for sustainable development in Africa
In a significant step toward bolstering public finance systems, experts and stakeholders from across Africa gathered today for a workshop…
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AFRODAD demands debt justice on Africa Day
On Africa Day celebration, the African Forum and Network on Debt and Development (AFRODAD) recognizes the continent’s remarkable achievements in…
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Djibouti sovereign wealth fund partners with Tamini Insurance
At the conclusion Djibouti Forum on Tuesday, Djibouti’s sovereign wealth fund (Fonds Souverain de Djibouti) and Tamini Insurance signed a…
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Africa advised to improve public financial management
New research to be launched at the Africa Public Sector Virtual Conference hosted by ACCA (the Association of Chartered Certified…
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IMF set to release $360 million to Ghana
An International Monetary Fund (IMF) staff team, led by Mr. Stéphane Roudet, Mission Chief for Ghana, held meetings in Accra…
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Africa Finance Corporation raises $1.16 billion
Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, has announced close of its largest ever debt facility,…
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