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The Ethiopian Securities Exchange (ESX) is the primary securities exchange in Ethiopia. Its establishment is part of a broader initiative by the Ethiopian government to enhance the country's financial infrastructure and provide a platform for businesses and investors to engage in securities trading. The development of the ESX is in line with ...
On 15 March 2024, the Commercial Bank of Ethiopia (CBE) encounter systemic glitch that occurred between 12 a.m. and 3 a.m in local time. CBE released five notes within less than 24 hours, describing the bank failure as a systemic problem in its branch level. [4] CBE President Abe Sano said that much of the money was withdrawn by students. [5]
This is a list of banks in Ethiopia, with summary data for the year 2023 (mostly June). [1] Bank Name Web Site Year Est. No of Branches SWIFT SHF Equity (ETB m)
The Ethiopia–Tigray peace agreement, also called the Pretoria Agreement [A] or the Cessation of Hostilities Agreement (CoHA), is a peace treaty between the government of Ethiopia and the Tigray People's Liberation Front (TPLF) that was signed 2 November 2022, wherein both parties agreed to a "permanent cessation of hostilities" to end the Tigray war.
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The War in Amhara is an armed conflict and insurgency in the Amhara Region of Ethiopia that began in April 2023 between Fano militia and the Ethiopian government.The conflict began after the Ethiopian military raided the Amhara Region to disarm the Amhara Special Forces and other regional allies, which resulted in resistance of local armed forces and a series of protests in Gondar, Kobo ...
36.1%. Ethiopia's economy experienced strong, broad-based growth averaging 9.4% a year from 2010/11 to 2019/20. Ethiopia's real gross domestic product (GDP) growth slowed down to 6.1% in 2019/20 due to the COVID-19 pandemic. [77] Industry, mainly construction, and services accounted for most of the growth.
The Commercial Bank of Ethiopia (CBE) is the largest commercial bank in Ethiopia. As of June 2021, it had about 1.1 trillion birr in assets and held approximately 67% of deposits and about 53% of all bank loans in the country. The bank has around more than 35,000 employees as of June 2022, who staff its headquarters and its over 1000+ branches ...