The Sudanese pound plummeted to record lows on the black market this year after it was devalued to 18 per dollar from 6.7. Now it’s at 31.5 BY YVONNE RARIEYA | CGTN AFRICA Sudan’s central bank on Sunday announced it will devalue the local currency to 31.50 Sudanese pounds against the US dollar, the second […]
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It becomes the 48th African country to join the African Export-Import Bank as a participating state and/or shareholder BY AFREXIM BANK The East African country of Eritrea has joined the membership of the African Export-Import Bank (Afreximbank), becoming the 48th African country to become a participating state or a shareholder in the continental multilateral trade finance institution.
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“Eritrea believes in working with financial institutions that can help in transforming the African economy” – President Isaias Afwerki BY FUMNAYA AGBUGAH | VENTURES AFRICA Recently, the President of Eritrea, Isaias Afwerki urged African financial institutions to focus on assisting African countries to address the disadvantages arising from the underdevelopment of the continent’s economy. The […]
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Re: Nakfa holding limits for travelers exiting Eritrea BY SHABAIT Bank of Eritrea has issued Legal Notice No. 129/2017 to limit the amount of Nakfa holdings for travelers exiting Eritrea. The Legal Notice that was issued at the Gazette of Eritrean Laws on 25 October, indicated that the maximum amount, conditions and purpose for which […]
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ብ ዮናስ ኣብርሃም | ሓዳስ ኤርትራ ባንክ ኤርትራ ኣብ ዑደት ንዝርከብ ኣረጊት ወረቐታዊ ባጤራ ናቕፋ ብሓድሽ ወረቐታዊ ባጤራ ናቕፋ ንምቕያር ዘኽእል ሕጋዊ ምልክታ ቁ. 124/2015 ብረቡዕ 4 ሕዳር 2015 ምውጽኡ ይፍለጥ። ብዛዕባ’ዚ ዋና ኣመሓዳሪ ባንክ ኤርትራ ኣቶ ክብረኣብ ወልደማርያም ንማዕከናት ዜና ውሽጢ ሃገር ዝሃቦ መብርሂ እንሆ፦ ንዝጸንሐ ባጤራ ናቕፋ ብሓድሽ ንምትካእ ዝወጸ ሕጋዊ ምልክታ ኣሎ። […]
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