CBE Announces Half Billion Birr Donation for “Beautifying Sheger Project”


Addis Ababa May 9/2019 The Commercial Bank of Ethiopia (CBE) has reportedly donated half billion birr to the “Beautifying Sheger” project initiated by PM Abiy to develop river banks in the capital city.

According to a press release issued by CBE, the financial support demonstrates the commitment of the bank which has been contributing its part for the economic and social development of the country.

The press release stated that the Board of Directors of  CBE decided to extend assistance  for the realization of the 29 billion project that would not only make the city clean and green but also attraction to tourists.

The project is also expected to revive the city’s economy and boost urban tourism by converting the polluted and dirty river banks of Addis Ababa into green areas.