Author Archives: eba

South Africa’s Standard Bank has opened an office in Ethiopia, it said on Friday, to gain a foothold in one of Africa’s fastest growing economies where foreign lenders are not allowed to own banks. Ethiopia is a lucrative market with a population of about 90 million people and which Standard Bank – Africa’s largest by assets with a presence in 20 countries – said has averaged economic growth of more...

Commercial Bank of Ethiopia (CBE) reportedly signed an agreement with Chinese construction company,the China State Construction Engineering Corporation (CSCEC), in pursuit of building project which is said to be the tallest in East Africa. China.org.cn credited the news to Xinhua- a major Chinese online news source. According to the source, the building is expected to be 46 story and will be 198 meters tall when completed. Once completed, it will...