Ethiopia's central bank, which oversees the country's financial sector, said the glitch had happened during routine "maintenance and inspection activities" while CBE president Sano stressed it was ...

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 ...

Ethiopia’s central bank said on Monday it was conducting a foreign exchange auction for $60 million, with the sale open to all banks. In July 2024, Ethiopia’s central bank removed restrictions on the ...

The problem was caused by a "routine system update and inspection" rather than a cyberattack, according to Ethiopia's central bank. Established in 1963, the Commercial Bank of Ethiopia is the ...

The National Bank of Ethiopia has announced a Special Foreign Exchange Auction, offering $60 million to commercial banks, ...

Currently, only a few banks, including state-owned institutions such as the Commercial Bank of Ethiopia (CBE) and the Development Bank of Ethiopia (DBE), meet the threshold. CBE alone holds 43.5% of ...

The National Bank of Ethiopia (NBE) has announced a Special Foreign Exchange Auction scheduled for February 25, 2025, with USD 60 million available for bidding by all banks.