A staggering 845 billion birr in bad loans extended to state-owned enterprises by the Commercial Bank of Ethiopia (CBE) had ...

The Ethiopian government is preparing to issue a bond worth Birr 900 billion to address unpaid loans provided by the Commercial Bank of Ethiopia (CBE) to government development organizations. The bond ...

The funds will primarily go toward settling loans provided by Ethiopia’s largest bank to several state-owned companies, including Ethiopia Electric Power, Ethiopian Sugar Corp, and Ethiopia Railway ...

Ethiopia plans to issue 900 billion birr ($7.4 billion) of bonds to settle debts owed by several government-owned enterprises ...