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IMF disburses $447 million budget support to Kenya

IMF disburses $447 million budget support to Kenya

December 20, 2022

Approving over $447 million budget support disbursement to Kenya, the Executive Board of the International Monetary Fund (IMF) today completed the Fourth reviews of the 38-month arrangements under the Extended Credit Facility…

EthSwitch profit up 153 percent

EthSwitch profit up 153 percent

November 28, 2022

EthSwitch S.C., Ethiopia’s national switch, net profit before taxes increased by 153% from last year to 221 million Birr in the 2021/22 fiscal year.

Ethiopia increases tax revenue 31 percent

Ethiopia increases tax revenue 31 percent

November 22, 2022

Tax revenue of Ethiopia during the first four months of the current year started July 8, 2022 has increased by 31.5 percent to about 163 billion Birr from same period last year.

Women in Africa shortchanged by digital finance

Women in Africa shortchanged by digital finance

November 4, 2022

Africa must invest in Science, technology, engineering, and mathematics (STEM) education for women and girls, disciplines which would boost their economic empowerment and access to digital finance.

New app to cut money sending cost from Europe to Uganda

New app to cut money sending cost from Europe to Uganda

October 24, 2022

The UN’s International Fund for Agricultural Development (IFAD), Inpay, a cross-border payments company, and its subsidiary company Eurogiro, a global postal cross-border payments network, have joined forces to make the cost of…