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Castel Winery was founded in 2007. A brainstorming discussion on investment between Former Prime Minister Meles Zenawi and Pierre Castel led to the creation of the pioneering company. The third largest producer of wines in the world, the Castel brand is known to produce two brands of wines in Ethiopia – the Acacia and Rift Valley. Under Acacia – the Medium Sweet Rosé, Dry Red, Medium Sweet Red, Medium Sweet White are produced while under Rift Valley, international varieties such us Merlot, Syrah, Chardonnay and Cabernet Sauvignon are produced and Cuvée Préstige Chardonnay and Cabernet Sauvignon ,premium wines aged in French oak barrel.

Construction and Business Bank’s (CBB) branches will start giving service starting from April 4, 2016 under the name of their new owner, Commercial Bank of Ethiopia (CBE).

According to the time table set by CBE, migrating customer base and institutional data of CBB will be done by April 2, 2016.

The state owned Commercial Bank of Ethiopia (CBE) is on the final stage of its research to open branches in Washington DC, Dubai, South Africa and Djibouti.

The Commercial Bank of Ethiopia (CBE) released USD 500 million to the manufacturing sector. Experts in heavy industry said the amount was relatively high compared with the USD 300 million which was released in March; but it was still very small compared with the expectation and may be used to import a limited amount of inputs for several weeks of production with up to 20 percent production capacity. Representatives from Ethiopia’s manufacturing Industry said that they were forced to produce below their potential, at ten to twenty percent of their capacity, as a result of the hard currency shortage which led to the increase in prices and a deceleration in the economy.

The Commercial Bank of Ethiopia (CBE) and the Ministry of Innovation and Technology have signed an agreement to digitize payment collections for federal agencies.