Kush Bank, a new under-formation investment bank, has started selling shares after getting a green light from the National Bank of Ethiopia (NBE). The under-formation Bank secured the green light from the central bank at the beginning of January and started selling the shares on March 23, 2020. The Bank is selling the shares through the Commercial Bank of Ethiopia (CBE), Cooperative Bank of Oromia, Awash, Oromia, Debub Global, Birhan International and Nib banks. The Bank is joining the burgeoning banking industry, which is witnessing the formation of over a dozen banks including Amhara, Goh Betoch, Jano, Zad, Ahadu and Zemzem Bank. Currently, Ethiopia has 16 private and two operational state-run banks.
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