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Ethiopia To House East Africa’s Tallest Building

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AFRICANGLOBE - The largest commercial bank in Ethiopia, Commercial Bank of Ethiopia (CBE), has inked a deal with the China State Construction Engineering Corporation (CSCEC) to build its headquarters in Addis Ababa, Ethiopia’s capital city. The building is will become the tallest structure in East Africa once completed.

Irony: Ethiopia Lends To Foreign Multinationals

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AFRICANGLOBE - Multinationals operating in Ethiopian are inclined to secure local financing from government owned banks which enables them to transfer most of the investment risks to the Ethiopian government and/or public.

Mobile Banking a Game-Changer for Ethiopia

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AFRICANGLOBE - On 1 January 2013, the National Bank of Ethiopia (NBE) issued a long-awaited directive that allows transaction-based mobile banking for the country's unbanked citizens.
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