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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 [4] CBE President Abe Sano said that much of the money was withdrawn by students.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]
The Ethiopian Review was launched in 1991 by Hailu Indashaw, publisher, and Elias Kifle, editor. In 1995, Elias Kifle became publisher, and Elias Wondimu — owner of Tsehai Publishers — became the editor. In 2000, Elias Kifle became publisher and editor-in-chief. He also discontinued the print version and turned it into an online journal.
Over 20% of all tax revenue in Ethiopia is derived from business profit tax, and 62% of all direct taxes consist of business taxation. Tax burden in Ethiopia has been shown to fall unequally among firm sizes; a study from 2019 found that "small firms face the highest tax burden, the largest firms still pay more than middle‐sized firms do."
The United States humanitarian agency told The Associated Press it is horrified by conditions in Ethiopia, where local officials have reported hundreds of hunger deaths in recent weeks after the U ...
Ethiopia reached a separate debt-service suspension deal with China earlier in 2023. Ethiopia has been without an IMF program since its last lending arrangement with the fund expired in late 2022.
The International Commission of Human Rights Experts on Ethiopia (ICHREE), created by the U.N. Human Rights Council in 2021 after a motion submitted by UN-mandated investigation into Ethiopia ...
1942. Headquarters. Addis Ababa, Ethiopia. Official languages. Amharic, Arabic and Oromo. Website. ena.et. The Ethiopian News Agency ( Amharic: የኢትዮጵያ ዜና አገልግሎት Ye-Ityopya Zéna Agelgelot ( IZA) or ENA) is the official news agency of the government of Ethiopia. It is the oldest news organisation in Ethiopia ...
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 ...