The Commercial Bank of Ethiopia (CBE) has become the biggest bank in east and central Africa, with a total asset of more than 1 trillion Birr.
In the first quarter of the current fiscal year, the bank has given out loans worth of 36.8 billion Birr for different investment projects and trade activities, and also collected back 51.1 billion Birr from loans. The bank registered a profit of 6.9 billion Birr.
Spread the NewsAddis Abeba City Administration has held a lottery draw program for 25,491 condo units, which will gradually be transferred to residents. The condo units are constructed under the 20/80 and 40/60 housing schemes, according to a statement from Mayor Office of Addis Abeba. In the 14th round lottery drawing for the 20/80 scheme,…
Spread the NewsThe Board of Directors of Dashen Bank has elected Dulla Mekonnen Mosissa as its chairman effective December 21, 2021. Mr. Dulla took over the chairmanship from Neway Beyene, who resigned from the post for personal reasons. The outgoing chairman joined the Board in 2014 and had been in the post since 2018. The…
Spread the NewsThe National Bank of Ethiopia (NBE) on Monday warned citizens not to use crypto currency. NBE announced Monday that it has never given permission for using digital money such as bitcoin in the country and warned that those who are using it will face punishments. The regulatory agency said in a statement that,…
Spread the NewsZemedeneh Nigatu, Global Chairman, Fairfax Africa Fund urged that the United States needs to revisit its strategy over revoking Ethiopia from the African Growth and Opportunity Act (AGOA), a quota and duty free trade privilege to African countries. “Whatever policies and strategies the US is trying to achieve by imposing this kinds of…
Spread the NewsEthio telecom said that it has invested 91 million Birr for planting tree seedlings in the past three years. Planting tree seedlings is part of the green legacy initiative. The telecom giant has facilitated a media visit on Monday to the centers where it has planted tree seedlings in three years. In three…
Spread the NewsAddis Abeba Chamber of Commerce and Sectoral Associations (AACCSA) said Tuesday that it has been working along with the policy-makers to influence policies to be in favor of the private sector. Mesenbet Shenkutie, President of AACCSA said in presser at Radisson Blu, “The Chamber has been making recommendations in government policies”. She added:…
