CBE Reveals Encouraging Nine-Month Performance

Apr 30 , 2021


[ssba-buttons]

The Commercial Bank of Ethiopia (CBE) announced last week that it had an inflow of around 2.4 billion dollars over the first three quarters of the current fiscal year. While the vast majority of this amount (2.13 billion dollars) was in the form of remittances, around 216 million dollars was registered from exports. CBE had an inflow of 1.8 billion dollars (only 139m dollars was from exports) in the first half of the last fiscal year, which made up 36pc of the national total during that period. The Bank also disclosed that it had mobilised just under 103 billion Br in deposits over the nine-month period, bringing its total deposits to 698.2 billion Br. Around 886 million Br was mobilised from the 62 new branches that CBE managed to open during the reporting period, pushing it total branch network to 1,665. At the end of the last fiscal year, CBE branches accounted for a quarter of all operational bank branches in the country. In addition, over four million new CBE accounts have been opened since June 2020, bringing the total number of accounts registered at the Bank to 29.4 million.


Radar

Ethiopia Unveils Consortium to Insure Millions of Farmers

Ethiopia has launched its Agricultural Insurance Consortium (AICE), pledging to protect three million farmers by 2026. Announced on July 3, 2025, at the Hyatt Regency, the initiative is backed by Pula Advisors and five major Ethiopian insurers. AICE plans to promote climate resilience through insurance bundled with the government's input voucher system. Leveraging AI platforms like Mavuno and PIE, it plans to standardise products, lower costs, and expand coverage to over 200 woredas. With agricu...


Radar

New Coopbank Partnership Targets Youth Economic Empowerment

The Cooperative Bank of Oromia (Coopbank) has signed a strategic agreement with Melka Ethiopia to provide loan services to over 120,000 young men and women nationwide. The partnership plans to promote youth economic empowerment by expanding access to finance and creating jobs, with a strong focus on rural and underserved areas. Both institutions held joint discussions to explore ways to improve youth livelihoods and financial inclusion. By closing access gaps, the partnership is expected to help...


Radar

Ethiopian Netpreneur Program Training Kicks Off

The Ethiopian Netpreneur 2025 Training Program has officially launched its first cohort in Addis Abeba with 64 entrepreneurs beginning their first round of training. Organised by the Global Digital Talent Academy, the initiative plans to empower local business owners, startup founders, and digital sector players with global-level e-commerce skills. At the launch event, Innovation and Technology Minister Belete Mola (PhD) urged participants to leverage the opportunity to build networks and shape...