CBE, AAU Join to Quell Rumors of Corruption

Dec 17 , 2022

The state-owned Commercial Bank of Ethiopia (CBE) refutes the alleged leak on its recruitment exams at a press briefing held at its old headquarters around the La Gare area. Reports were circulating on social media that the exam process for the newly recruited employees was entrenched in bribes, up for sale and biased interviews. According to the Human Resources Department Deputy, Ephrem Mekruya, CBE will give job opportunities to 11,000 this year, after receiving 130,000 new applications for open positions. He disclosed that the Bank was training the staff who would interview the prospective recruits. The largest bank with assets of nearly a trillion Birr currently has 39,000 permanent employees. According to Ephrem, CBE outsources the examination process to the University, which has a "long-standing reputation for integrity." Abraraw Chane (PhD), a lecturer who also oversees the testing process by AAU, stated that the rigorous security measures are full proof against any attempts at cheating or illicit activities as the tests are coded, similar to the national exams given to senior high school students.


ZamZam Bank Joins Commodity Exchange Payment System

The pioneering full-fledged interest-free commercial bank, ZamZam Bank, has become the 24th financial institution to join the Ethiopian Commodity Exchange's (ECX) payment system. CEO of the Exchange Wendemagegnehu Negera signed the deal with the President of the Bank Melika Bedri last week. According to the CEO, joining the platform which has around 11,000 accounts registered and has transacted over 386 billion Br so far, will allow a reliable mechanism whereby traders can be certain that pay...


AfDB, ADF to Chart Transformation Path at Diamond Jubilee

The African Development Bank (AfDB) and the African Development Fund (ADF) are gearing up for a major joint meeting in Nairobi, Kenya, expected to draw around 4,000 participants. The event, taking place at the Kenyatta International Conference Centre in late May, will focus on "Africa's Transformation," a theme reflecting the continent's ongoing pursuit of economic and social development. "Despite progress over the years, Africa's transformation remains incomplete," said Vincent O. Nmehielle...


Big Art Sale Returns to Addis

The annual Big Art Sale returns to Addis Abeba this weekend. Over 100 artists are expected to showcase their original works and prints at the Hilton Addis. What's Out Addis in partnership with the Hilton Hotel is behind the event that showcases the works of over 100 artists. Big Art Sale has been around for the past 18 years showcasing paints and prints. According to organisers, it offers a chance to meet the artists and enjoy a variety of art forms with a dedicated Kids' Corner and food and...