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.
New app to cut money sending cost from Europe to Uganda
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…
MultiBank Group awarded coveted licenses in UAE, Singapore
The subsidiaries of MultiBank Group, one of the largest financial derivatives institutions worldwide, is awarded coveted licenses issued by two of the most respected regulators worldwide, including the Securities and Commodities Authority…
Kenya’s KCB, TerraPay to enhance cross-border remittances
KCB Bank Kenya and Mobex (an affiliate company of TerraPay Group, a UK-headquartered digital payments infrastructure and solutions provider) have partnered to allow customers seamlessly receive funds from the diaspora to their…
Ethiopia’s labor ministry, Digaf Microcredit ink partnership
Digaf Microcredit Providers, a technology-driven microfinance institute in Ethiopia, and the Ethiopian Ministry of Labor and Skills (MoLS) have expressed their intent to work together.
Global development banks to avail loans for crisis recovery
World leaders and more than 450 development banks met in Abidjan, Cote d’Ivoire, for two days to reflect on how to avail loans with crisis recovery and tackle environmental challenges.
Abidjan set to host global finance summit
Abidjan the capital of Côte d’Ivoire is set to host a global finance summit that focuses on global economic recovery and transition to green economy.
Ahli United Bank, Montran to deliver virtual accounts management
Ahli United Bank today announced that it has selected Montran Corporation’s Virtual Account Management solutions to provide centralized treasury and cash management operations, across its diverse corporate clients.
Alpian launches first Swiss digital private bank
Alpian SA (Alpian) announced the opening of the first Swiss digital private bank designed to cater specifically to the needs of the mass affluent client segment.
Bybit launches collateralized crypto loans service
Bybit, the world’s third most visited crypto exchange, today launched its Crypto Loans service, which provides the platform’s 10 million users access to collateralized loans allowing them the freedom to manage their…
Safaricom set to commence mobile money in Ethiopia
Safaricom Ethiopia PLC, the first private telecom operator in Ethiopia has got green light from the Government to commence mobile money services.
Arab Bank in Africa rated top by S&P Global
S&P Global Ratings (S&P) has today assigned a ‘AA’ foreign currency long-term issuer credit rating to the Arab Bank for Economic Development in Africa (BADEA), with a ‘Stable’ outlook.