A technical glitch let customers of an Ethiopian bank take out or transfer more money they had in their accounts. Local media reported that more than $40 million had been withdrawn. Long queues ...

Civil society groups suspended by the Ethiopian Civil Society Organizations Authority (ACSO) have raised concerns about their operational viability, citing frozen bank accounts that have left them ...

Last month, an hours-long glitch allowed customers at the CBE, Ethiopia's largest commercial bank, to withdraw or transfer more than they had in their accounts. Most of the money was reportedly ...

Prime Minister Abiy Ahmed is working to open up the Ethiopian economy to foreign investments after decades of a ...

Ethiopia transferred ownership of 10 state-owned companies to the government’s sovereign wealth fund as part of steps to ...

Ethiopia's largest bank says it has recovered almost three-quarters of the $14m (£12m) it lost in a glitch that allowed customers to withdraw more money than they had in their accounts.

A striking imbalance persists within Ethiopia's banking industry, where a mere 0.5% of borrowers hold nearly three-quarters of all loans, while the agricultural sector continues to be marginalized in ...

The National Bank of Ethiopia issued a statement reminding its citizens that business transactions made with bitcoin and other cryptocurrencies are “illegal”. Ethiopia’s central bank issued a ...