The entry of foreign banks into Ethiopia is expected to significantly enhance the country's banking industry and improve its ...

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 ...

When Mamo Mihretu, the governor of the National Bank of Ethiopia (NBE), spoke to Central Banking back in October, he hinted ...

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 ...

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.