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Commercial Bank of Ethiopia Posts Record 80bn Br Annual Profit

The Commercial Bank of Ethiopia (CBE) posted a record net profit of 80.09 billion Br for the fiscal year ended June 30, becoming the first bank to announce its annual results after its strongest performance to date. The state-owned lender reported a 146pc increase in profit, generating 272 billion Br in revenue. Speaking at a press briefing, President Abie Sano said the Bank exceeded its key performance targets and outperformed the previous year. CBE mobilised more than 700 billion Br in n...

The Ethiopian Statistics Service Moves to Embed AI, Big Data in New Statistics Law

The Ethiopian Statistics Service (ESS) is pushing a legislative reform to establish a modern National Statistics System that legally integrates Big Data analytics and Artificial Intelligence. The draft law replaces the outdated proclamation based on traditional methods with a unified framework that also incorporates geospatial and other technology-driven data. The reform clarifies institutional roles, separating regulators and implementers to ensure independence and transparency, and defines...

Tourism Ministry, Toppan Ethiopia to Launch Virtual Tourist Centre at Bole Air-port

The Ministry of Tourism and Toppan Ethiopia have signed a memorandum of understanding to establish a virtual tourist information centre at Bole International Airport, aiming to improve digital information services for international travellers. The facility will be located in the airport's international departure area near passenger boarding gates, offering interactive tourism information. The project will be jointly financed by the two institutions, with Toppan Ethiopia overseeing implementat...