Remittance Dilemma

By Dawit Endeshaw After Saudi government decided to deport Ethiopian immigrant flow of remittance shows decline: World Bank report Zenebche Zelek, a 23 was waiting to receive money sent... Read more »

Commercial Bank of Ethiopia Agrees $300 Million China Loan

(Bloomberg) — The Commercial Bank of Ethiopia signed a memorandum of understanding with the Export-Import Bank of China for a $300 million credit facility, Ethiopia’s state- owned lender said.... Read more »

Ethiopia’s Commercial bank deposit reaches US$ 4 billion

APA-Addis Ababa (Ethiopia) The Commercial Bank of Ethiopia (CBE) announced on Thursday in Addis Ababa that its deposit has reached around US$4 billion, which shows over US$ 70 million... Read more »