Africa urged to build resilience against financial shocks
Experts call for urgent financing for African countries to help them build resilience against financial, health and climate shocks and enhance economic growth.
Africa Fintech Summit, African Media Agency announce partnership
African Media Agency (AMA) and Africa Fintech Summit (AFTS) announce a strategic partnership aimed at increasing awareness about the fintech industry’s innovation in Africa and promoting the upcoming summit throughout the continent.
Japan provides $350 million private sector loan to AfDB
The African Development Bank (AfDB) and Japan have signed an exchange of notes for an eighth private sector assistance loan from Japan to finance the Bank’s private sector operations.
Saudi Arabia to launch financial sector conference
The 2nd Edition of the Financial Sector Conference (FSC 2023) is set be held March 15-16, 2023 at the King Abdulaziz International Conference Center in Riyadh.
Ethiopia secures 182 million euros loan, grant from Italy
The Prime Minister of Ethiopia, Abiy Ahmed Ali, held a visit to Italy in Rome on Monday where he signed soft loan and grant agreements worth 182 million Euros.
Ethiopia appoints new national bank governor
The Office of the Prime Minister of Ethiopia today announced the appointment of Mamo Mihretu as the new governor of the National Bank of Ethiopia.
ICD, Trustbank to promote Islamic finance in Uzbekistan
ICD and Trustbank have signed a $20 million line of finance agreement to promote Islamic finance and support private sector development in Uzbekistan.
IMF disburses $447 million budget support to Kenya
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…
MFS Africa, ITC partner to expand digital finance in Africa
To support small businesses in financial digital inclusion, the new partnership between MFS Africa and the International Trade Centre (ITC) marks a milestone in contributing to the 2030 UN Agenda for Sustainable…
Ethiopia’s Bunna Bank profit surpasses a billion Birr
Profit of Bunna Bank Share company of Ethiopia for the first time surpasses one billion Birr mark during the budget year ended June 30, 2022.
EthSwitch profit up 153 percent
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
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.
Hantec Financial set to expand into African markets
Hantec Financial an award-winning brand, under Hantec Group, officially announced its ongoing global expansion into Rwanda.
Women in Africa shortchanged by digital finance
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.