FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers New TRADE AFRICA New

Fortune Logo

CBE's Ex VP Takes Helm as President of Nib Bank, Marking a Milestone for Banking Industry

May 8 , 2024

Emebet Melese (PhD), former vice president of the Commercial Bank of Ethiopia (CBE) has assumed the role of president at Nib Bank, succeeding Genene Ruga who resigned months ago. Her appointment marks a notable change towards gender diversity in executive leadership within the industry. She became the second woman to currently hold a CEO position in a commercial bank.

Melkamu Solomon has been overseeing the bank's operations interimly until the recent approval of Emebet's appointment by the National Bank of Ethiopia (NBE) earlier this week. She brings a wealth of experience and expertise to her new role, having served as the vice president of the strategic planning and transformation office for the CBE. During her tenure, she spearheaded initiatives promoting organisational change and advancement. Her years with the CBE, which began in 2018 as the VP of Credit Appraisal, saw her progressively assuming diverse leadership roles, including VP of Corporate Quality Assurance. Her leadership played a role in driving the ongoing transformation of the CBE. Her academic background in accounting and finance from Addis Abeba University, coupled with her dissertation focusing on the role of organisational climate and market orientation on innovation within the banking industry, was focused on driving sustainable growth and innovation in banking.

Nib Bank's transition comes amid a phase initiated by the formation of a new Board of Directors, overseen by regulators at the NBE three months ago. The move was prompted by mounting concerns about corporate governance and shareholder grievances. The intervention by the regulators paved the way for changes during the general assembly, culminating in the election of Shisema Shewaneka as the new chairperson.

Put your comments here

N.B: A submit button will appear once you fill out all the required fields.



Related Posts

Share This Post
Linkedin
Google+


Most read

Latest News

Editor's pick

Commentaries

How to Put Development Finance Back on Track

lobal growth this year is expected to slow to its lowest rate (outside of a crisis) s...

A New Vision for Development Cooperation

he global system of financing for development, including that of development cooperat...

Fineline

Leaders of the National . . .

Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the me...

When the country’s most. . .

When the country's most senior diplomats and envoys return back to their posts after two-week debriefings, they leave behind a point or two...

Editorial

Civil Society Feels the Squeeze as Reform Era Unravels

Jul 5 , 2025

Six years ago, Ethiopia was the darling of international liberal commentators. A year...

Soaring Taxes Fail to Plug Holes as Audit Reveals Enduring Waste

Jun 28 , 2025

Meseret Damtie, the assertive auditor general, has never been shy about naming names...

Expanding Federal Budget Tests Limits of Fiscal Discipline

Jun 21 , 2025

A well-worn adage says, “Budget is not destiny, but it is direction.” Examining t...

Desire to March to the Sea Should Spill Reason on the Way

Jun 14 , 2025

Yet again, the Horn of Africa is bracing for trouble. A region already frayed by wars...

Gallery

Parliament Approves New Cabinet Members

Oct 6 , 2021

Parliament Approves New Cabinet, Incorporates Opposition Leaders Lawmakers have approved today the nominations of 22 ministers, including three opposition leaders. Two MPs have voted against, while 12 abstained...

2020 in Posterity

Jan 5 , 2021

TIGRAY VOTES DESPITE "NULL & VOID" THREAT

Sep 9 , 2020

IN-PICTURE: LAUREATE'S RECEPTION  

Dec 14 , 2019

PM Abiy Ahmed (PhD) at a Gala Dinner Called for the Awarding of the Félix Houphouët-Boigny Peace Prize

May 6 , 2019

Faces, Voices of Addis Abeba

Apr 26 , 2019

Sunday With Eden

Rise Without Ruin

At times, the pursuit of opportunity quietly takes on a ruthless tone. Success begins to feel like a zero-sum game, where someone must lose...

Real Respect Shows Up First

A couple of weeks ago, I found myself at a social gathering where strangers and old acquaintances mix in a haze of small talk and light laug...

Life Matters

The Nuances of Baby Carrying

Each morning, just beyond the compound gates, a familiar image greets the day: a mother walking briskly with her baby snug in a front carrie...

The Quiet Roar Beneath the Calm

There is often a sense of awe when encountering someone who appears to have everything under control. Impeccably dressed, composed, and seem...