DigEthiopia - Stories tagged with Bank

Awash International Bank secures $472 million from intl’l banking operation

published 897 days, 22 hours, 15 minutes ago posted by adminadmin 897 days, 22 hours, 25 minutes ago
Sunday, December 06, 2009 12:53:52 AM GMT Sunday, December 06, 2009 12:43:35 AM GMT
By Hayal Alemayehu Addis Ababa (December 5, 2009) – Awash International Bank (AIB), the first private bank to open in the country fifteen years ago, secured a record high USD 472 million foreign currency from its international banking operations during the last eighteen months ending June 30, Mitiku Abeshu, AIB Vice President, International Banking, told The [...] (more)

Ethiopia’s junta not ready to liberalize economy – Trade Minister

published 903 days, 21 hours, 38 minutes ago posted by adminadmin 903 days, 22 hours, 6 minutes ago
Monday, November 30, 2009 1:30:32 AM GMT Monday, November 30, 2009 1:02:15 AM GMT
ADDIS ABABA (Reuters) – Ethiopia’s regime is not ready to bow to pressure to liberalize its telecoms and banking sectors while negotiating terms to join the World Trade Organisation (WTO), its trade minister said on Wednesday. Analysts say the giant Horn of Africa country’s hopes for WTO membership hinge on calls for the authorities in [...] Related posts:Finland Foreign Trade Minister visits Ethiopia, KenyaEthiopia under Woyanne the poorest economy in the World – UNCTADRussian companies to showca... (more)

Former Commercial Bank of Ethiopia manager gets 9 years

published 915 days, 20 hours, 18 minutes ago posted by adminadmin 910 days, 20 hours, 30 minutes ago
Wednesday, November 18, 2009 2:50:17 AM GMT Monday, November 23, 2009 2:38:43 AM GMT
ADDIS ABABA, ETHIOPIA — The state-controlled news service, WIC, reports that a former general manager of the Commercial Bank of Ethiopia and two other individuals received stiff prison sentence for corruption. (WIC) – The Federal High Court sentenced three corrupt offenders on November 16 and 17 to rigorous imprisonment ranging from 5-9 years and ordered them [...] (more)

Central Bank to Phase Out A Birr Note with Coin

published 944 days, 19 hours, 1 minute ago posted by adminadmin 944 days, 19 hours, 7 minutes ago
Tuesday, October 20, 2009 4:07:50 AM GMT Tuesday, October 20, 2009 4:01:36 AM GMT
The National Bank of Ethiopia (NBE) is to relinquish the place of one Birr note replacing it with a coin of the same value, reliable sources disclosed to Fortune. (more)

Zemen Bank appoints Brutawit D. Abdi as new CEO

published 956 days, 21 hours, 14 minutes ago posted by adminadmin 956 days, 21 hours, 36 minutes ago
Thursday, October 08, 2009 1:54:16 AM GMT Thursday, October 08, 2009 1:32:15 AM GMT
By Mamo Gebrehiwot (mamo@goodnewsethiopia.com) – Addis Ababa (October 5, 2009) – Zemen Bank has announced that Brutawit Dawit Abdi, a founding member of Bank of Abyssinia (BoA) and former President of Wegagen Bank, has been appointed as CEO/ President. Her presidency, which was approved by the National Bank of Ethiopia (NBE) on September 24, 2009, will [...] (more)
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