NAPLES, Fla.--(BUSINESS WIRE)--ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced that Commercial Bank of Ethiopia (CBE), ...

Ethiopia’s biggest bank says it has recouped nearly 80% of the cash it lost during what it says was a glitch in its system that allowed customers to take out more money than they had in their accounts ...

ADDIS ABABA — Ethiopia’s state-owned Commercial Bank of Ethiopia has issued a deadline for anyone who illegally withdrew large amounts of money during a major technical glitch to return the funds or ...

NAIROBI, Kenya (AP) — Ethiopia’s biggest bank is reportedly attempting to recover more than $40 million after a technical glitch allowed customers to withdraw more than they had in their accounts.

Prime Minister Abiy Ahmed (PhD) told members of the House of Peoples' Representatives (HoPR) on Tuesday that Ethiopia will "undoubtedly register double-digit growth this year,"emphasizing that the ...

The National Bank of Ethiopia (NBE) has directed all commercial banks to compile and submit information on customers who use personal bank accounts for business or illicit purposes.

Ethiopian bank glitch lets customers withdraw millions Commercial Bank of Ethiopia has lost more than £31 million after a technical glitch let customers withdraw and transfer money that was not in ...

Long closed to foreign players, the Ethiopian banking sector is undoubtedly one of the most interesting for investors and banking institutions active in Africa. Who will clinch the savvier sports ...

The National Bank of Ethiopia issued a statement reminding its citizens that business transactions made with bitcoin and other cryptocurrencies are “illegal”. Ethiopia’s central bank issued a ...

Over the past year, Ethiopia—Africa’s second most populous country—has embarked on a comprehensive transformation of its monetary and exchange rate regimes. After decades of tight control, the country ...

Ethiopia’s central bank issued a statement reminding its citizenry that business practices made with bitcoin are illegal. The National Bank of Ethiopia warned that “informal financial transactions” ...