FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds

Fortune Logo


Central Bank Approves Neway Beyene as Dashen Bank Chairperson

Central Bank Approves Neway Beyene as Dashen Bank Chairperson

Regulators at the central bank have approved Neway Beyene's re-election as the board chairperson of Dashen Bank, late last month.
Neway was first elected as the board chairperson during the Bank's 23rd ordinary shareholders assembly held at the Sheraton Addis in November 2017, replacing Teka Asfaw, who had served the Bank as board chairperson for three years. The Board of Directors re-elected Neway during the Bank's 27th ordinary annual shareholders assembly held on December 24, 2020, at Mechare Meda in the Sarbet neighborhood. Four existing and five new board directors were elected during the same session as well.
Neway, married and a father of four, obtained his BSc degree from Addis Abeba University in electrical engineering in 1984 and received his postgraduate studies in business leadership at the University of South Africa, in 2013. He started his career in 1984 as a trainee field engineer at NCR Ethiopia and served as office manager for Microsoft Ethiopia, for three years.
He is currently a general manager of Afcor Plc, an IBM business partner in Ethiopia.

[ssba-buttons]
Radar

Federal Prosecutors Accuse Public Officials, Contractors of Corruption, Alleged Illicit Fund Transfers

Federal prosecutors have filed corruption and money laundering charges against 11 defendants, including Nigstu Bogale, Coordinator of the Development Project for Response to the Impact of Refugees in the Horn of Africa at the Ministry of Agriculture, Biniyam Fantaye and Taye Habte, senior irrigation engineers involved in the Development Response to Displacement Impacts Project (DRDIP-II), as well as private individuals and construction company representatives. The case alleges losses and illicit...

Read more >>

Radar

EIH Transitions to New Headquarters as It Oversees Major State-Owned Enterprises

Ethiopian Investment Holdings (EIH) is relocating its headquarters from its current site on General Wingate Street. The former headquarters was located behind the Ministry of Industry and near Abrehot Library. The new office is expected to be on Mozambique Street, along the route from Mexico Square to Bulgaria Road. The building belongs to one of EIH's subsidiaries, and all departments are set to move there as interior design and finishing works continue. Under the leadership of Brook Taye...

Read more >>

Radar

Import Substitution Push Lifts Domestic Manufacturing, Industrial Recovery

A push for import substitution and industrial expansion has prioritised 96 strategic products for local manufacturing. The “Ethiopia Tamirt” initiative reports 4.85 billion dollars in savings, supported by trade fairs linking local producers to domestic and international markets. On average, 700 new projects enter the market annually, contributing to more than 2,800 investments over four years. At the grassroots level, 18,000 SMEs have been established, while 993 dormant factories have...

Read more >>