Friday, April 26, 2019

Migration and Development: The $100 billion idea

Later this year the Financing for Development summit will take place in Addis Ababa. The discussion will focus on the post-2015 agenda and the...

Banking Africa’s Unbanked – Time For A Reality Check

Plenty of progress has been made on increasing the size of Africa’s banked population. The trouble is, from the amount of noise that is...

Vacancies: African Development Bank Group – Nigeria

There is an ongoing recruitment into different positions at the African Development Bank Group (AfDB). The African Development Bank Group is a multilateral development...

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...

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UAE to Step in to Safeguard Somaliland-UAE Security Interests

Somaliland disclosed that the issue of security dominated discussions it had held with its United Arab Emirates counterparts. "The security issue has been central to...

Somalis to Benefit from UAE-Somaliland Livestock Export Bureau

On a shuttle working visit to the United Arab Emirates mid last week, His Excellency the President of the Republic of Somaliland left for...

More Gold Than Reported Filched Out of Africa on a Regular Bases

Billions of dollars’ worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East –...