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Dulla Mekonnen assumes chairmanship of Dashen Bank
Spread the NewsThe Board of Directors of Dashen Bank has elected Dulla Mekonnen Mosissa as its chairman effective December 21, 2021. Mr. Dulla took over the chairmanship from Neway Beyene, who resigned from the post for personal reasons. The outgoing chairman joined the Board in 2014 and had been in the post since 2018. The…

Expert urges gov’t to implement research based foreign currency exchange regime
Spread the NewsSeife Desta, National Bank of Ethiopia (NBE) former Banking and Foreign Currency Directorate Director urged the government on Friday to implement a research-based foreign currency exchange rate regime, which will be executed by considering the situation on the ground. Currently, Ethiopia is implementing a managed floating foreign currency exchange system. …

Ethiopian, Boeing celebrate 10th anniversary of B787 aircraft delivery
Spread the NewsAfrica’s largest airline, Ethiopian Airlines and the US plane maker, Boeing, celebrate the 10th anniversary of the delivery of the first B787-8 jetliner. The first B787 Dreamliner aircraft was delivered to Ethiopian in August 2012. Ethiopian was the first African airline to receive the aircraft and the third airline in the world after…

Ethiopia liberalizes banking sector
Spread the NewsThe Council of Ministers has approved Saturday a new policy that will open Ethiopia’s banking sector for foreign firms’ competition. The Council has approved the policy on its 13th regular session held at the Office of the Prime Minister. Ethiopia has closed its doors for foreign banks entry for a little less than…

Breaking: Ethiopian Airlines gets new CEO
Spread the NewsMesfin Tassew has been appointed as the new CEO of Ethiopian Airlines. He served Ethiopian Airlines for 38 years. Mr. Mesfin Tasew , 58, joined Ethiopian in 1984 as Associate Engineer and progressed through the ladder and served in supervisorial and managerial positions in the technical areas. In 1997 and 1999, he was…

Lack of digital tourism promotion impedes growth of sector
Spread the NewsLack of digital promotions in tourism sector of Ethiopia has impeded the growth of the sector, said Sileshi Girma, who is in charge of Infrastructure Development for Tourism Destination with rank of State Minister of Tourism. Sileshi mentioned the experience of Kenya regarding the introduction of “My Africa” virtual reality competition for the…