Ethiopia’s largest bank says it has recovered almost three-quarters of the $14m (£12m) it lost in a glitch that allowed customers to withdraw more money than they had in their accounts. Abe Sano, head of the Commercial Bank of Ethiopia (CBE) said on Tuesday about $10m has been recovered. Thousands of customers returned the cash…
Tag: Ethiopia
Ethiopian Bank has lost $40 Million due to Computer Glitch.
Bank in Ethiopia lost a whopping $42 million due to a computer glitch wherein people were able to withdraw massive sums of money far beyond what they actually had in their accounts. The odd incident reportedly unfolded early Saturday morning when it was discovered that the Commercial Bank of Ethiopia was experiencing the peculiar technical…
French journalist Antoine Galindo detained in Ethiopia
On February 22, at 3:55 p.m., Galindo, who reports for the Paris-based privately owned news website Africa Intelligence, was detained by security forces in civilian clothing in the capital, Addis Ababa, his publisher Indigo Publications said in a statement and his lawyer, who works for the firm Tameru Wondm Agegnehu, told CPJ by phone. Galindo was detained at the Ethiopian…
President Sisi: Egypt will not allow any threat to Somalia
MONDAY JANUARY 22 2024 Egypt will not allow any threat on Somalia said president Abdel Fattah AL sisi said on Sunday after Ethiopia said it would consider recognizing an independence claim by Somialand in a deal that would give it access to a sea port Read: Egypt, Ethiopia trade blame over failed dam talks Somaliland declared…
More than 180 killed in clashes in Ethiopia’s Amhara region since July, says UN
At least 183 people have been killed since July in clashes in Ethiopia’s Amhara region, the United Nations said Tuesday as it appealed for the killings, violence and rights abuses to end. “We are very concerned by the deteriorating human rights situation in some regions of Ethiopia,” UN Human Rights Office spokeswoman Marta Hurtado told reporters in Geneva….
Ethiopian Prime Minister to Negotiate With Oromo Forces
On April 25, 2023 the Ethiopian government and Oromo militants will meet at the negotiating table in Tanzania. Ethiopia’s Prime Minister Abiy Ahmed said that two events will happen this week. First; “all regional states presidents will travel to Mekelle” to help cement the peace agreement reached in Pretoria, South Africa in November 2022. Second;…
Ethiopia, Eritrea say US allegations ‘inflammatory’, ‘defamatory’.
Updated by Faith Barbara Namagembe at 2134 EAT on Tuesday 21st March 2023. Ethiopia’s government has accused the United States of taking a “partisan” approach by alleging that its forces, and Eritrean troops, had committed war crimes during the two-year conflict in Tigray. “The US statement is inflammatory,” the foreign ministry said in a statement…
Ethiopia begins generating power from River Nile dam
Published by Faith Barbara Namagembe, Updated on Monday 21/02/2022 at 1218 EAT. The $4.2bn (£3.8bn) dam, located in the western Benishangul-Gumuz region, has been a source of contention between Ethiopia, Egypt and Sudan since its construction started in 2011. Sudan and Egypt fear the project could reduce their share of Nile waters. Ethiopia insists the…
HICGI News Agency 