Commercial bank of Ethiopia suffer loses due to system error

Ethiopia’s Commercial Bank Lost Billions Over Software Glitch

“Customers who withdrew more money than was in their accounts because of a glitch cannot “escape” the law.” – CBE president. Within hours, Ethiopia’s State-owned Commercial Bank reportedly suffered a loss of billion of Birr due to a “system error” that affects mainly its online banking system. This mishap has turned into a bonanza for […]

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