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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ATIDI maintains profitable growth despite global headwinds
Pan- African Insurer, African Trade and Investment Development Insurance (ATIDI) – formerly known as the African Trade and Insurance Agency…
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Ethiopia set to launch securities exchange
Efforts are underway to develop Ethiopia’s financial market as the government prepares to launch securities exchange in 2024.
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ATI, Deutsche Bank support $305 road project in Angola
African Trade Insurance Agency (ATI) has supported Deutsche Bank with a comprehensive nonpayment insurance cover, insuring the bank against non-payment…
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Ethiopia’s pioneer fintech urges government to provide credit guarantee
By Andualem Sisay Gessesse – Kifiya Financial Technologies, the pioneer fintech company in Ethiopia advised the Government of Ethiopia to…
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How instant payments in Africa boost development
Over 350 million adults in Africa are unbanked and primarily excluded from the formal economy, relying heavily on cash or…
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