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The Commercial Bank of Ethiopia (CBE), in partnership with Ethiopian Airlines and Visa, has launched an international prepaid Visa card designed to facilitate cross-border payments and ease transactions for customers travelling or operating abroad. The card allows users to make payments internationally and access Visa’s global merchant network, while also integrating Ethiopian Airlines’ ShebaMiles loyalty […]

Africa Finance Corporation has secured a 2 billion US dollars syndicated loan from a broad international consortium, marking its largest such facility to date and expanding its capacity to finance infrastructure and industrial development projects across Africa. The transaction was initially launched at 1.6 billion US dollars before being increased to 2 billion US dollars […]

Refugees and asylum-seekers living in Ethiopia and across Eastern and Southern Africa remain displaced for a median period of nearly 16 years, according to new analysis by the United Nations refugee agency, highlighting the increasingly long-term nature of displacement in the region. The findings, released by United Nations High Commissioner for Refugees, are based on […]

Hana Tehelku, Director General of the Ethiopian Capital Market Authority, presides over one of Africa’s youngest capital markets as it moves from regulation to activation. Appointed in August 2024, as the first woman director, she previously served as Legal Counsel at ECMA and held senior roles at the Ministry of Justice’s Economic Crime and Anti-Corruption […]

Ethiopia’s selection as host of COP32 has handed the country one of the most visible diplomatic platforms in the world. But the real test will not be whether Addis Ababa can welcome tens of thousands of delegates in November 2027. It will be whether Ethiopia can use the summit to move climate finance from speeches […]

The African Development Bank (AfDB) has launched a 7 billion US dollars initiative aimed at modernising Africa’s aviation sector, as governments and investors seek to address persistent gaps in air connectivity and infrastructure across the continent. The programme, called the Integrated Aviation Transformation Programme (IATP), was unveiled at AfDB’s annual meetings in Brazzaville, Republic of […]

The African Development Bank Group has approved a 125 million US dollars equity investment in the African Trade and Investment Development Insurance (ATIDI), reinforcing a wider effort to expand risk protection tools at a time when African economies are seeking to draw in more private capital amid tight global financing conditions. The decision, taken on […]