Ethiopia’s biggest bank says it has recouped nearly 80% of the cash it lost during what it says was a glitch in its system that allowed customers to take out more money than they had in their accounts ...

ADDIS ABABA — Ethiopia’s state-owned Commercial Bank of Ethiopia has issued a deadline for anyone who illegally withdrew large amounts of money during a major technical glitch to return the funds or ...

Prime Minister Abiy Ahmed (PhD) told members of the House of Peoples' Representatives (HoPR) on Tuesday that Ethiopia will "undoubtedly register double-digit growth this year,"emphasizing that the ...

The National Bank of Ethiopia (NBE) has directed all commercial banks to compile and submit information on customers who use personal bank accounts for business or illicit purposes.

Rights groups Access Now and the Center for Advancement of Rights and Democracy (CARD) called for the Commercial Bank of Ethiopia (CBE) to halt its public shaming campaign in an open letter on ...

The Commercial Bank of Ethiopia has taken steps outside its legal mandate as a financial institution, freezing accounts and publishing private data of its customers, in its latest name-and-shame ...

Ethiopian bank glitch lets customers withdraw millions Commercial Bank of Ethiopia has lost more than £31 million after a technical glitch let customers withdraw and transfer money that was not in ...

Facepalm: Customers of Ethiopia's largest bank had a nice surprise this week when a glitch allowed them to withdraw unlimited funds. More than $40 million was withdrawn from the state-owned Commercial ...

Ethiopia’s central bank issued a statement reminding its citizenry that business practices made with bitcoin are illegal. The National Bank of Ethiopia warned that “informal financial transactions” ...

Over the past year, Ethiopia—Africa’s second most populous country—has embarked on a comprehensive transformation of its monetary and exchange rate regimes. After decades of tight control, the country ...

Long closed to foreign players, the Ethiopian banking sector is undoubtedly one of the most interesting for investors and banking institutions active in Africa. Who will clinch the savvier sports ...

Ethiopia’s central bank has issued a strong warning to unlicensed money transfer operators, announcing plans to take strict ...