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 …
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 …
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 .
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.
Bankers say the government’s foreign exchange reforms have negatively impacted their foreign currency positions and dulled their competitive edge ahead of the impending entry of foreign banks.
An international arbitration case between the debt-laden Ethiopian Railway Corporation (ERC) and Turkish contractor Yapi Merkezi over a troubled rail project …
Ethiopia has one of sub-Saharan Africa’s biggest economies and, with more than 120 million inhabitants, is the continent’s second most populous nation. Prime Minister Abiy Ahmed has sought to open up …
Bank launches 3rd round entrepreneurship training የኢትዮጵያ ፕሬስ ድርጅት
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