Thursday, June 21, 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...

Latest article

INVESTORS ARE HELPING PUT SOMALILAND ON THE MAP

A disputed part of a war-torn nation is holding out promise for the Horn of Africa. Hong Kong–based American business developer Robby Zirkelbach has set...

Al-Shabab Militant Group Getting Lucky, Not Stronger in Somalia

Somalia’s most dangerous terror group is likely not getting any stronger despite a series of deadly attacks, including one that claimed the life of...

Special Arrangement with Somaliland A Symbol of Depoliticized Aid Relations – Partners Tell Mogadishu

International partners supporting Somalia and Somaliland on a number of reconstruction, security, and governance programmes in Somalia, and on development and democratization processes, among...