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The state owned Commercial Bank of Ethiopia (CBE) has awarded its top clients that help the bank to generate huge hard currency in the 2013/14 fiscal year. The bank, which is the dominant in the sector, has given recognition for 173 clients on the event held on Thursday January 8 at the Sheraton Hotel. From exporters MIDROC Gold generated USD 100 million, while Western Union has contributed to the transfer USD 450 million in the past fiscal year.
Ethiopian Airlines has got the top recognition from service sector with the generation of USD 200 million. Bereket Simon, Advisor of the Prime Minister with minister portfolio and board chairman of CBE said that the private sector has to focus on exporting products with added values.