Banks Begin Resuming Services in Northern Ethiopia 

ADDIS ABABA – Three commercial banks say they have resumed financial services in the northern part of Ethiopia following the signing of the peace deal between TPLF and the Federal Government.

Commercial Bank of Ethiopia (CBE), Wegagen, and Anbessa Bank are among the financial institutions that announced reopening their branches in various towns this week.

CBE says its branches in Shire, Alamata, and Korem cities have started receiving money sent from abroad and locally as well as depositing money.

As conditions allow, CBE says it will continue to expand the services and restart services in all branches step by step.

On the same day, Wegagen Bank says its branches in Alamata and Timuga have resumed providing services, joining its branches in Humera, Adi Remets, Dansha, and Tekeze that have already restarted services.

“We have taken the necessary preparations to resume banking services in Mekelle, and Shire districts soon,” Wegagen announces in a statement posted on its Facebook page.

Anbessa Bank also discloses today that its branches in and around Shire Endasilassie have restarted giving financial services.

This comes as Ethiopian Electric Power (EEP) continues to reconnect various conflict-hit areas of northern Ethiopia to the national power grid.

The Federal government and the TPLF signed the Cessation of hostilities agreement brokered by the African Union, in Pretoria on November 2, 2022. 

The peace deal, apart from ending the two-year conflict in northern Ethiopia, aims at disarming the TPLF fighters, restoring federal government authority, and creating unfettered access to humanitarian aid.

The post Banks Begin Resuming Services in Northern Ethiopia  appeared first on Ethiopian Monitor.

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