Ethiopia’s financial sector poised for takeoff, but hurdles remain
By Anwar Hussen Mohammed – Ethiopia, Africa’s second-most populous nation with about 120 million people, boasts a fast-growing…
Commercial Bank of Ethiopia
Stock markets evolution and top markets in 2024
By Anwar Hussen Mohammed – The Government of Ethiopia has recently announced completing its preparations to introduce stock…
Ethiopia eyes UAE institutional investors
The Government of Ethiopia says it is working to attract institutional investors from the United Arab Emirates (UAE)…
Tips for utilizing full potential of businesses in Ethiopia
By Andualem Sisay Gessesse – This morning I got the chance to chat with an Ethiopian educated in…
Ethiopia banks lending increases 21 percent
The amount of fresh loans disbursed by all Ethiopian banks in Ethiopia last year concluded June 30, 2021,…
Bunna Bank of Ethiopia introduces new logo
Bunna Bank, one of the private financial institutions in Ethiopia, today announced rebranding itself with a new logo…
Commercial Bank of Ethiopia inaugurates tallest building
The 80 years old Commercial Bank of Ethiopia (CBE), the state-owned financial institution, today inaugurated the tallest building…
Commercial Bank of Ethiopia secures $2.4 billion remittances
The state-owned Commercial Bank of Ethiopia (CBE) announced it has collected $2.4 billion in remittances from Ethiopians in…
Commercial Bank of Ethiopia secures $ 2.4 billion from remittances in nine months
The Commercial Bank of Ethiopia (CBE) has reportedly secured close to 2.4 billion USD remittance over the past…
Commercial Bank of Ethiopia awards apartments, trucks to customers
Commercial Bank of Ethiopia awarded two apartments, three trucks, and 17 automobiles, 34 three wheels to its customers…
Study advices Ethiopia not to rush to banking liberalization
As oppose to the push by the international financial institutions, a new study by the renowned professor of…
State companies in Ethiopia generate $8.2 billion revenue
The state enterprises in Ethiopia have generated a total revenue of over 300.5 billion birr (about $8.2 billion)…
Ethiopia honors 200 loyal taxpayers
The Ministry of Revenue of Ethiopia honored 200 loyal companies and highest tax payers for Ethiopia’s budget year…
Ethiopia’s private banks profit exceeds state giant CBE
The profit of all the 16 private banks in Ethiopia for the first time exceed the profit of…
Ethiopian banks’ loan disbursement grows 24 percent
NEWS- The 18 commercial banks in Ethiopia have disbursed a total loan of 221 billion birr (about $6.44…
Ethiopia to provides $460 million to private banks
In an effort to rescue the economy from collapsing due to COVID-19 pandemic, the Government of Ethiopia orders…
Commercial Bank of Ethiopia gets new boss
The Commercial Bank of Ethiopia (CBE), the state owned financial institution with over half market share in the…
Ethiopian government finance institutions profit $332 million
The three state enterprises in Ethiopia engaged in providing financial services have made 10.7 billion birr (about $332.1…
CBE brings $1.7 billion remittance to Ethiopia in six months
Commercial Bank of Ethiopia (CBE), the giant state owned financial institution, says in six months’ time it has…
Commercial Bank of Ethiopia becomes top tax payer
The Commercial Bank of Ethiopia (CBE), the state financial institution, has become the top tax payer in Ethiopia…
Ethiopia’s state bank deposit surpasses $17 billion
The total deposit of Commercial Bank of Ethiopia (CBE) exceeds half a trillion birr (over $17 billion), said…
Towards Singapore of Bab el Mandeb
BY ANDUALEM SISAY GESSESSE – Following the recent restoration of ties between Ethiopia and Eritrea, many speculated that…
Commercial Bank of Ethiopia struggles to make profit in Djibouti
By Andualem Sisay Gessesse – Djibouti – Commercial Bank of Ethiopia (CBE), which reopened its branch in Djibouti…
Ethiopia sacks two state bank presidents
Ethiopian government today announces sacking of two big state bank presidents. The Finance Institutions Enterprises Agency of Ethiopia…
Highly indebted Ethiopia appoints new central bank chief to rescue economy
The highly indebted government of Ethiopia announces the appointment of a new governor for the National Bank of…