The total assets Commercial Bank of Ethiopia (CBE), Ethiopia's state-owned bank that is the largest in East Africa, now stand close to a trillion birr. The total deposits of the bank have reached 735 billion birr, with a collection of 140 billion birr during the 2020/21 fiscal year, and generating a gross profit of 20 billion birr.
The Commercial Bank of Ethiopia (CBE) revealed that its total assets reached Birr 1.9 trillion. The bank’s President, Abe Sano, attributed this achievement to the macroeconomic reforms implemented across the country, which have shifted CBE from a state of existential crisis to a trajectory of robust growth.
Commercial Bank of Ethiopia (CBE), in partnership with Solget Travel Agency, announced they have made a deal to jointly launch an electronic flight booking application. The app, dubbed GuzoGo (Guzo, Amharic for "travel"), will enable passengers reserve flights and pay via the CBE Birr platform.
The Commercial Bank of Ethiopia is to open its second branch in Southern Sudan. The branch will be opened in the second 
largest city in South Sudan and Malakal.
The bank aims to tap into the growing business in the area according to a banker attached to the Commercial Bank branch at Juba. The bank has already sent thirteen employees to Juba and CBE has already constructed the office that will house the bank he said.
There are only three banks, two local banks Nile Commercial and Ivory and Kenyan bank Equity, currently operating in Malakal in spite of the business created by its proximity to Ethiopia and North Sudan.
The Ministry of Information and Communication Technology (MICT) said that it had granted permission to
companies that run internet-dependant operations to acquire and use VSAT (Very Small Aperture Terminal).
Some months earlier, the ministry had issued a directive allowing companies which are dependent on the internet and those working in remote areas of the country where there is no access to the internet to use VSATs, Debretsion Gebremichael (PhD), minister of MICT, said.
