Commercial Bank of Ethiopia secures $2.4 billion remittances
The state-owned Commercial Bank of Ethiopia (CBE) announced it has collected $2.4 billion in remittances from Ethiopians in…
Finance
African Development Bank launches $463.9 million social bond
The African Development Bank (www.AfDB.org) launched a A$600 million (US$463.9 million) 5.5-year Kangaroo bond, marking its return to…
Cloudbeds introduces new payments solution
Cloudbeds, the fastest growing hospitality management platform, announced the launch of a fully integrated payments solution and a…
Campfire interactive to unlock profit potential on amazon web services
Campfire Interactive, Inc. , the leading provider of portfolio profitability management in the automotive sector, announced a strategic…
ITT announces quarterly dividend of $0.22 per share
ITT Inc. announced today that its Board of Directors has declared a regular quarterly dividend payment of $0.22…
Ugandan remittances decline
Recent data from the May Migration and Development Brief shows that remittance flows to Uganda declined by 26…
Overcoming bankability to make renewable energy feasible in Ethiopia
BonelliErede an international law firm, along with the RES4Africa Foundation, an organisation dedicated to promoting renewable energy in…
Atlas Financial Holdings closes sale of American Service
Atlas Financial Holdings, Inc. today announced that the previously disclosed sale of the stock, charter and state licenses…
Remittance flows to Kenya defy the odds during pandemic
Despite the impact of the COVID-19 pandemic on wages and employment across the world, the Kenyan diaspora community…
INVESTBANK to launch next-generation credit card for Jordan
i2c Inc., a leading provider of digital payment and banking technology, today announced a partnership with INVESTBANK, a…
Dashen Bank of Ethiopia introduces new electronic remittance transfer
Dashen Bank, one of the biggest private banks in Ethiopia of Ethiopia, partnered with Flutterwave, Africa’s leading payments…
Oxford Finance provides $125 million to Kala Pharmaceuticals
Oxford Finance LLC (“Oxford”), a leading specialty finance firm that provides senior debt to life sciences and healthcare…
African development Bank set to fund women entrepreneurs
This May, the African Development Bank Group is launching a call for proposals for projects enhancing the viability…
Centric Financial Corporation announces record breaking earnings
Centric Financial Corporation (“Centric” or “the Company”) (OTC: CFCX), the parent company of Centric Bank (“the Bank”), announced…
Sudan debt relief moves forward
Under a debt relief plan won by advocates in the early 2000s, Sudan could see a drastic cut…
COVID triggers changes in payments habits
More than eight in ten consumers (86%) say that their payments habits have changed since the start of…
Majority Ethiopians still have no access to credit
Despite the increase in the number of banks, microfinances and their branches over the last 25 years, the…
African finance ministers reflect on Special Drawing Rights
Africa’s Finance, Development and Planning Ministers on Tuesday called for a swift, bold and positive response from international…
Five U.S. billionaires wealth up by $355 billion
The United Sates (U.S.) top billionaires did extremely well during the COVID-19 pandemic, growing their already-huge fortunes to…
Congo offers public bond to raise 100 billion CFA franc
The Republic of Congo has launched a public bond offering. The operation “EOCG 6.25% NET 2021-2026”, which aims…
IFC appoints new country manager for East Africa, Malawi
IFC, a member of the World Bank Group, has appointed Amena Arif as its new Country Manager for…
Visa set to digitize payments in Ethiopia
Visa Inc. (NYSE: V) Leading global payments technology company, Visa has affirmed its commitment to expanding digital payments…
African Development Bank finances electronic payments modernization of Ethiopia
The Board of Directors of the African Development Bank has approved a grant of $2.33 million to EthSwitch…
AfDB named world’s best multilateral financial institution
The prestigious U.S. magazine, Global Finance, specializing in financial markets and investment banking, has named the African Development…
Nium payments platform remits funds into four African markets
Nium, an advanced global payments platform, announced today that its clients are now able to send funds to…
Financial inclusion for Africa’s women entrepreneurs
Creating female-centric financial products and solutions for Africa’s power-force of women entrepreneurs is gaining momentum as a core…
Amhara Bank joins Ethiopia’s banking industry
With over 6 billion Birr paid-up capital Amhara Bank, the new entrant to the banking sector of Ethiopia,…
Ethiopia opens door for foreign mortgage banks
The Government of Ethiopia expressed its willingness to open its banking sector for foreign banks engaged in financing…
Ethiopia tax income up 17 percent
The Government of Ethiopia has collected a total of 149.2 billion Birr the first six months of current…
Addis Bank profit increases to 274 million Birr
Addis International Bank, one of the sixteen private banks operating in Ethiopia, has announced a total of 274.2…