Auditor General declines Board appointment
The Auditor General, Gemechu Dubisso, is reported to have declined his appointment as member of the board of directors of the state owned Commercial Bank of Ethiopia (CBE) this week, The Reporter has learnt.
Wegagen profits a billion birr
Wegagen Bank has become the third private bank in the industry to gross a billion birr profit before tax following Awash and Dashen banks. Wegagen profited 1.05 billion birr before tax.
OIB grosses 938 min profit
Standing at the tenth year of its establishment, Oromia International Bank registered a record 140 percent growth in its gross profit level bagging 938 million birr in the FY 2017/18.
CCCC to establish regional office in Addis
With a growing Chinese presence within Ethiopia, China Communications Construction Company Ltd (CCCC) is set to make its regional head office at Addis Ababa. To be called CCC’s East Africa Head Office, Technology and Innovation Center for Construction Technologies, it will be situated on a 30,000 m2 plot of land.
Morale dented as CBE employees left out of structural change benefits
The morale of the employees of the Commercial Bank of Ethiopia (CBE) has been dented for being left out of the benefits package and employees’ reassignment that came after the restructuring of the state-owned bank.
Damage to Galafi Route in Djibouti impedes logistics services
The activities of the Ethiopian Shipping and Logistics Service...
New central bank’s governor reveals priorities to get economy back on feet
The newly appointed National Bank of Ethiopia (NBE) governor,...
A home away from home
As Rastafari around the world join Ethiopia in commemorating the 1896 victory at the Battle of Adwa, the repatriated community in Shashemene received news that the government is now ready to begin the process of granting permanent residence to those with valid passports
“Massive” cyber attack crashes African Union’s system
Cyber attackers prey on the African Union, resulting in...