Dec 28 , 2019
Dashen Bank announced a 100-million-Br job creation scheme dubbed the Ethiopian Talent Power Series programme. The initiative aims to create jobs by providing financial aid to talented individuals and reduce the unemployment rate. The initiative was launched on December 26, 2019, at Intercontinental Addis Hotel with the presence of Mamo Mihretu, senior advisor to the Prime Minister, Asfaw Alemu, CEO of Dashen Bank, and Yihenalem Akenaw, Dashen's chief transformation and customer experience officer. The project also aims to build the capacity of medium and small-scale enterprises, finance higher education programmes, aid the formation of business networks and finance trade chains. The project will be implemented in six selected cities in the current fiscal year. As part of the recent Homegrown Economic Reform Agenda, the government plans to create three million national jobs in the current fiscal year. The jobs will be mainly created in the private sector. The 23-year-old bank netted a profit of over one billion Br in the last fiscal year with 413 branches. It also accumulated assets of 56.2 billion Br and increased its capital to 5.5 billion Br.
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