The African Development Bank (AfDB) on Sunday appointed Aida Ngir Ngom as the new Director of its Private Sector Development…
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IMF approves $100 million for Somalia
The Executive Board of the International Monetary Fund (IMF) approved a new 3-year arrangement under the Extended Credit Facility (ECF)…
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Bunna Bank makes 1.35 billion Birr profit
Bunna Bank Schare Company today announced making 1.35 billion Birr profit before tax during the budget year concluded June 30,…
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New CLUB set to help indebted countries of South
By Andualem Sisay Gessesse – The Common Leveraging Union of Borrowers (CLUB), the group recently launched by members of Organization…
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Dashen Bank of Ethiopia assets up 25 percent
The total assets of Dashen Bank, one of the biggest private banks in Ethiopia, has grown up 24.7 percent the…
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German supports financial training for Ethiopians
The German Embassy in Addis Ababa, Ethiopia, in cooperation with Giesecke+Devrient (G+D) sponsored financial training for Ethiopians engaged in banking…
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IFC, FirstRand Bank partner to finance SMEs in South Africa
The International Finance Corporation (IFC) today announced a loan to FirstRand Bank, which will support businesses in the agriculture, services,…
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Ajay vows to make World Bank “better bank”
By Andualem Sisay Gessesse (Marrakech, Morocco) – The newly appointed World bank President Ajay Banga expresses his plant to make…
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USD rise doesn’t impact much emerging economies
By Andualem Sisay Gessesse (Marrakech, Morocco) – The recent rise of the United States Dollar will not have much impact…
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African MPs urged to seriously interrogate executives on debt
The Members of parliament (MPs) of African countries are urged to seriously interrogate their executives to understand the magnitude and…
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IFAD, Stanbic Bank to cut money transfer costs to Uganda
The UN’s International Fund for Agricultural Development (IFAD) and Stanbic Bank Uganda (SBU) today announced a partnership that will cut…
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Ethiopia increases exporters’ forex retention to 50 percent
By Muluneh Gebre – The National Bank of Ethiopia (NBE) has announced that it has increased the amount of forex…
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New World Bank president set to visit Ethiopia
The new World Bank president Ajay Banga is set to visit Ethiopia this week starting July 31, 2023.
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Islamic Trade Finance Corporation inks $1.2 billion deal
The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group (IsDB), has signed seven major…
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