Commercial Bank of Ethiopia Stories

Ethiopian bank denies report of Sh6.7 billion theft, says attempted fraud “thwarted within minutes”
Ethiopian bank denies report of Sh6.7 billion theft, says attempted fraud “thwarted within minutes”
Addis Standard  |  May 30, 2025

In a statement issued in response to a May 27, 2025 broadcast by Ethiopian Media Service (EMS), the bank said it was “compelled to provide a brief sta...

Ethiopia licenses first investment banks, expands capital market services
Ethiopia licenses first investment banks, expands capital market services
Addis Standard  |  Mar 22, 2025

The newly licensed institutions include CBE Capital S.C. and Wegagen Capital Investment Bank S.C., both designated as investment banks.

AU thwarts $6 Million fraud attempt targeting Ethiopian bank accounts
AU thwarts $6 Million fraud attempt targeting Ethiopian bank accounts
Amina Wako  |  May 01, 2024

These falsified documents indicated the funds were intended for construction and water drilling projects.

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