The Ministry of Revenue of Ethiopia honored 200 loyal companies and highest tax payers for Ethiopia’s budget year concluded July…
Read More
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 the state…
Read More
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 billion at…
Read More
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 the central…
Read More
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 country’s banking…
Read More
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 million at…
Read More
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 received $1.7…
Read More
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 paying 3.51…
Read More
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 the recently…
Read More
Towards Singapore of Bab el Mandeb
BY ANDUALEM SISAY GESSESSE – Following the recent restoration of ties between Ethiopia and Eritrea, many speculated that Djibouti’s economy…
Read More
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 18 months…
Read More
Ethiopia sacks two state bank presidents
Ethiopian government today announces sacking of two big state bank presidents. The Finance Institutions Enterprises Agency of Ethiopia has appointed…
Read More
