Saturday, February 24, 2018

CBE’s remittance revenue outweighs income from direct international trade

Ethiopia gets USD 3.63 billion from remittances sent via the state owned Commercial Bank of Ethiopia (CBE) until the third quarter of the budget...

Turkish central bank to remunerate dollar reserves

The implementation will start as of May 5th Turkey’s Central Bank announced on Saturday that it will remunerate dollar-denominated required reserves, reserve options and free...

Can Nigeria’s Adesina snatch top AfDB job

The African Development Bank (AfDB) may be about to get its first president from its biggest shareholder – Nigeria. Africa’s largest country, which holds 9.3%...

Ethiopia: Court to Hear Witnesses on 5m Br Suit against Xpress Money, Abyssinia Bank

Bank of Abyssinia was sued as a second defendant for posting the pictures in all of its branches across the country The Lideta Federal High...

IMF nations point to exchange rate, geopolitical risks

The International Monetary Fund's member nations on Saturday warned of risks to the global economy from exchange rate shifts and geopolitical tensions as they...

Thirteen Hawalas Closed Down In Kenya

Thirteen hawalas – informal money transfer services – have also been closed down. Hawalas are widely used by Somalis who depend on relatives abroad as...

Islamic Banking Lands In The Heart Of Europe

Despite a significant Muslim population, up to now Germany has been unchartered territory for Islamic banking, whose largest European hub is in London. But...

The impact of Diaspora remittance on the Kenyan economy

Kenyans in the Diaspora are constantly sending money home. It could be for investments, or to support to family members left behind. Sometimes it...

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Ethiopian Prime minister’s resignation part of EPRDF’s ongoing reform to address legitimate public demands...

The Consular-General of the Ethiopian Government to Somaliland, General Berhe Tesfaye released the below-copied statement to the local press Wednesday. It reads: Hargeisa: In the last...

‘Somalia’ Highest Ninth In World Corruption Index 2017 of Transparency International

Somalia ranks highest in the Transparency Corruption Perception Index of 2017 by scoring 9th (#180) - the lowest in the table for the 11th...

University of Hargeisa Goes DotSo of the Somalia Federal Government!

The Republic of Somaliland's state-owned, state-run University of Hargeisa (UOH) goes under the official Somalia Federal Government domain DotSo (.so). Permission for use of FGS...