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CBE Denies Reports of 7.7 Billion Birr Fraud, Says Attempted Theft Was Thwarted

By GEBREHIWOT HAILESLASE Addis Ababa, Ethiopia — The Commercial Bank of Ethiopia (CBE) has categorically denied allegations that over 7.7 billion birr (approximately $56 million) was illicitly transferred from its internal accounts to individuals and businesses, describing the reports as “completely false.” In an official statement issued on Tuesday, the state-owned financial giant responded to…

Eritrean Forces Remain in Tigray Border Areas Despite Reports of Withdrawal

By GEBREHIWOT HAILESLASE Adigrat, Ethiopia – Despite recent reports on social media suggesting the withdrawal of Eritrean forces from Ethiopia’s Tigray region, local officials and residents insist that Eritrean troops remain firmly entrenched in several key border areas. These include Zalambessa, Rama, Shiraro, and Badme—territories that have been the subject of long-standing tensions between Eritrea…