Ethiopia’s parliament passed long-planned legislation on Tuesday allowing foreign banks to operate in the Horn of Africa country, part of government efforts to attract more overseas investment. The …
Residents and relatives say at least nine people were killed during an attack in the Arsi Zone of the Oromia region of Ethiopia on Thursday. Adebebu Workineh is a resident of the Shirka Woreda …
A post shared on Facebook after the killing claims to show Fano militants captured by the Oromo Liberation Army (OLA), another rebel group operating in the country’s Oromia region. However …
Addis Ababa [Ethiopia], December 23 (ANI/WAM): The UAE has inaugurated its orphanage project in the Oromia region in Ethiopia as per the directives of President Sheikh Mohamed bin Zayed Al Nahyan …
The Central Bank of Egypt (CBE) launched a new service on Monday that allows instant money transfers from anywhere in the world to Egypt.
The Commercial Bank of Ethiopia (CBE) revealed that its total assets reached Birr 1.9 trillion. The bank’s President, Abe Sano, attributed this achievement to the macroeconomic reforms implemented …
The Commercial Bank of Ethiopia (CBE) is gearing up for a more competitive banking landscape as Ethiopia prepares to welcome foreign banks, Bank’s President Abe Sano said. The recent enactment of the …
Parliament recently approved the issuance of 845 billion birr in 10-year government securities to write off all Commercial Bank of Ethiopia (CBE) claims on the Liability Asset Management Corporation …
Several OPEC+ countries, including Saudi Arabia and Russia, agreed Thursday to extend oil supply cuts for three months through March to avoid a sharp drop in prices in a global market awash in crude .
Flush with record profits and cash from divestments, Japan’s megabanks are aggressively expanding in the US and India. They’re targeting India’s booming economy with loans and strategic stakes in …
The World Bank has approved a USD 700 million credit through the International Development Association (IDA) to support Ethiopia’s Financial Sector Strengthening Project (FSSP). This initiative aims …
A Kenyan mechanical engineer with a global footprint, Rama Afullo began as one of Tesla’s first employees in Africa, where he launched energy solutions for the telco market. In a […]
Some World Bank staff have criticised an assessment of Ethiopia’s finances conducted with the International Monetary Fund, questioning whether the analysis that underpins the country’s debt …
The World Bank has approved a $700 million loan to strengthen the stability of Ethiopia’s financial sector, with a particular focus on supporting balance sheet restructuring and the recapitalization …
The state-owned Commercial Bank of Ethiopia (CBE) reaffirmed its commitment to fostering a healthier society by supporting sports activities alongside its contributions to the nation’s social and …
Bahir Dar Kenema FC vs Commercial Bank Ethiopia FC team performances, predictions and head to head team stats for goals, first half goals, corners, cards. Ethiopia Ethiopian Women’s Premier League …
The report calls for tighter regulatory standards on deposit concentration risks, to make sure the banking industry maintains a robust liquidity position and resilience to short-term liquidity shocks.
Ethiopia has joined other countries across the continent to celebrate the African Development Bank’s 60th anniversary with a colourful and instructive trip down ‘Memory Lane’. On 29 November 2024, an …
The Commercial Bank of Ethiopia (CBE) and the Ministry of Innovation and Technology have signed an agreement to digitize payment collections for federal agencies.
