with a particular focus on supporting balance sheet restructuring and the recapitalization of the state-owned Commercial Bank of Ethiopia (CBE). The credit provided under the Financial Sector ...

Poor weather conditions have delayed a medical team’s life-saving flight to Ethiopia. The team of doctors and nurses were set to fly out from Hartsfield-Jackson Atlanta International Airport at ...

and recapitalization of the Commercial Bank of Ethiopia (CBE), and transforming the Development Bank of Ethiopia (DBE) into a sustainable development finance institution. Additionally, the project ...

ADDIS ABABA, Ethiopia — Thousands of civilians in a remote part of northeastern Ethiopia are being evacuated because of potentially dangerous volcanic activity, officials said Friday.

Ethiopia’s banking sector is currently dominated by state-owned Commercial Bank of Ethiopia. Parliament overwhelmingly backed the banking law, although a handful of opposition lawmakers ...

Commercial Bank of Ethiopia, he added. As part of the reform, he further stressed that a very large consolidation from 31 to five large banks is expected for the banks to become competitive.

At least 71 people died in Ethiopia when a truck packed with passengers plunged into a river, according to the spokesperson for the southern Sidama regional government and a statement. The ...

Today, President Abdel Fattah El-Sisi met with Prime Minister Dr. Mostafa Madbouly, Governor of the Central Bank of Egypt Mr. Hassan Abdallah, Minister of Finance Mr. Ahmed Kouchouk, and Minister of ...