Tag

Ethiopian Banks

2 articles

Parliament Approves $550 Million Loan for Commercial Bank of Ethiopia’s Capital Increase

The Ethiopian Parliament approved a $550 million loan agreement aimed at increasing the capital of the Commercial Bank of Ethiopia (CBE). This move is intended to strengthen the state-owned bank, making it more competitive and enabling it to operate effectively within the region. The loan is part of a $700 million financing package provided by

StockMarket.et28 Jan 2025

Banking & Finance

IFC Provides $20 Million Trade Finance Boost to Awash Bank

The International Finance Corporation (IFC) and Ethiopia’s Awash Bank have joined forces to bolster trade in Ethiopia, with the goal of providing local businesses the financing needed to facilitate the movement of essential goods and services in and out of the country. Announced at the Africa Financial Industry Summit (AFIS) 2024 in Casablanca, the partnership

StockMarket.et11 Dec 2024