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Ethiopia: CBE Awards POS Terminal Supply Contract to SS Communications

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Category: Latest Business Alerts

commercial bank of ethiopiaCommercial Bank of Ethiopia (CBE) has awarded Birr 16.4 million bid for the supply of 2,000 Point of Sale (POS) terminals to IT vendor SS Communications, according to Addis Fortune.

Last Updated on 12 May 2015
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Ethiopia: CBE Bagged 10.9 Billion Birr Profit

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Category: Latest Business Alerts

Commercial Bank of Ethiopia (CBE) bagged gross profit of 10.9 Billion Birr in the first 9 months of the current fiscal year.

Last Updated on 16 May 2016
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Ethiopia: CBE Bagged 4 Billion Birr in 3 Months

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Category: Latest Business Alerts

Commercial Bank of Ethiopia (CBE) bagged a net profit of 4 billion Birr in the first quarter of the current fiscal year with total earning of 7.7 billion Birr.

Last Updated on 22 November 2016
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Ethiopia: CBE Became the First Bank to Adopt IFRS

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Category: Latest Business Alerts

cbe-logoCommercial Bank of Ethiopia (CBE) adopted International Financial Reporting Standards (IFRS). The bank managed to do this a year ahead of the time period National Bank of Ethiopia set for the banks.

Last Updated on 13 September 2017
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Ethiopia: CBE Birr Allows Fuel Payment

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Category: Banking and Finance

CBE Fuel Payment

The Commercial Bank of Ethiopia (CBE), the Ministry of Transport and Logistics, and National Oil Ethiopia jointly announced the launch of two digital applications, CBE Birr and Fuel Up, that facilitate the payment of fuel transactions with the aim of modernizing the fuel payment system.

Last Updated on 25 April 2023
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