FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




CBE, AAU Join to Quell Rumors of Corruption

Dec 17 , 2022


[ssba-buttons]

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.


Radar

Coffee Export Platform Links Ethiopian Roasters with Overseas Consumers

Ethiopian coffee roasters have gained a direct route to international consumers through a multi-brand e-commerce export platform launched by DHL Express Ethiopia and EXM Global PLC. The companies say it is the first platform of its kind in Ethiopia. Bringing together 10 Ethiopian coffee brands in a single digital marketplace, the platform enables overseas customers to order freshly roasted coffee in quantities ranging from speciality retail purchases to larger commercial volumes. DHL Express...


Radar

Addis Abeba Clears 59Km of Rivers, Remains Short of Halfway

Addis Abeba has completed 59Km of river cleanup and development work, although total coverage has yet to reach 50pc. Mayor Adanech Abebe said the 59Km stretch was transformed in one and a half years as she presented a comprehensive review of the city's strategic plan from 2022 to 2026. Mayor Abebe described the progress as a major "breakthrough", saying the work relied entirely on the city's funding, engineers, architects and workers. By comparison, she said, a world-renowned foreign contract...


Radar

Kisse Platform Brings Collateral-Free Microloans Through Agent Network

Mefithe Microfinance S.C., MZ Tech, and Arifpay Financial Technologies S.C. have launched “Kisse”, an agent-powered digital microloan platform designed to expand access to finance for micro and small enterprises. Through trained local agents, borrowers can apply for collateral-free, short-term business loans. Once approved, the funds are transferred to mobile wallets or bank accounts through Arifpay's payment gateway. The partners said loans can be disbursed within hours. Under the par...