The Commercial Bank of Ethiopia (CBE), the state owned financial institution with over half market share in the country’s banking industry, gets a new president.
Commercial Bank of Ethiopia (CBE), the giant state owned financial institution, says in six months’ time it has received $1.7 billion remittance from Ethiopians living abroad who send money to their relatives.
BY ANDUALEM SISAY GESSESSE – Following the recent restoration of ties between Ethiopia and Eritrea, many speculated that Djibouti’s economy would suffer. This is because the tiny East African country’s economy has been benefiting hugely after Ethiopia stopped using Asab Port in Eritrea two decades ago.
Ethiopian government today announces sacking of two big state bank presidents. The Finance Institutions Enterprises Agency of Ethiopia has appointed new presidents for the Commercial Bank of Ethiopia (CBE) and the Development Bank of Ethiopia (DBE).