In the last letter, we covered Ethiopia’s Commercial Bank (CBE)’s plan to recoup funds lost due to a technical glitch. This glitch allowed users, particularly students, to withdraw more money than they had in their accounts.
Fortunately, there’s positive news! As of last week, CBE reportedly retrieved over 80% of the missing funds after publishing the names of those involved.
In this letter, we explore:
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Last updated: December 21, 2024
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