Ethiopia Can Get $7.6 Billion by Selling Ethiopian Airlines and 4 More Companies

(Bloomberg)  Ethiopia’s government would raise 132 billion birr ($7.6 billion) if it sold the country’s five biggest state-owned companies to private investors, Access Capital SC said. The sale of Ethiopian Airlines Enterprises,... Read more »
china in africa

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. “The amount is... Read more »

Ethiopia’s Commercial Bank Signs Mobile Banking Accord With IBM

Commercial Bank of Ethiopia, the country’s largest lender by revenue, has signed a deal for International Business Machines Corp. (IBM) to build a platform to deliver electronic banking services, as it aims... Read more »
Commercial bank of Ethiopia future headquarter building

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 rise in the... Read more »
Bekalu Zelleke, president of the Commercial Bank of Ethiopia

How Much Ethiopian Bank Presidents Make?

(Addis Fortune/All Africa Global Media via COMTEX) The banking sector, comprising a total of 15 banks, is the highest performing in the country, showing a record performance every year, through boom and... Read more »