Commercial Bank of Ethiopia Stories

Ethiopian intelligence service agents among 14 charged in $135 million massive bank fraud
Ethiopian intelligence service agents among 14 charged in $135 million massive bank fraud
Abdirahman Khalif  |  Jul 22, 2025

Thirteen of the 14 suspects are currently in detention as court proceedings continue, while authorities are still searching for the one who remains at...

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.

Stay ahead of the news! Click ‘Yes, Thanks’ to receive breaking stories and exclusive updates directly to your device. Be the first to know what’s happening.