Fortune News | Mar 09,2020
December 29 , 2018
By BEHAILU AYELE ( FORTUNE STAFF WRITER )
Premium Switch Solutions (PSS), the electronic solutions share company that operates the electronic payment systems of six banks acquired Yoseph Kibret, former chief information system officer of Abyssinia Bank, as its new CEO, effective January 1, 2019.
Before joining Abyssinia four years ago, Yoseph, who has a quarter century of experience in the financial sector, worked at Nib and Dashen banks. An information systems director while at Nib, he held various positions at Dashen.
He began his career at the Central Statistical Agency, participating in the 2007 national census, and was engaged in 25 national surveys before leaving the Agency after half a decade of service.
“We chose him given his ample knowledge and experience in the industry and technology,” says Tsehay Shiferaw, chairperson of Premium’s board and president of Awash Bank.
Following Yoseph's departure from Abyssinia, Daniel Hailu, formerly the vice president of Commercial Bank of Ethiopia’s Enterprise Program Management Office, was hired as chief information system officer.
Abyssinia also appointed the former vice president of Commercial Bank for internal service, Meseret Asfaw, as its chief enterprise services officer, replacing Demissew Abebe, who left the company two months ago.
“I left Abyssinia of my own will,” Yoseph, married and a father of four, told Fortune.
An enthusiast of the works of John Maxwell on leadership and Daniel Goleman on emotional intelligence, Yoseph has first degrees in statistics and accounting and a master's of science in computer science.
He replaced Moges Geleta, CEO of PSS since its inception in 2012. Moges resigned last September due to personal reasons, when Dawit Tefera, his deputy, took over as acting CEO.
It is during Moges’ time that PSS grew from integrating three banks to its current six. The firm was able to transact 7.1 billion Br last fiscal year, registering over 4.8 million individual transactions.
The first payment switch company with 146 million Br in capital and operating over 700 automated teller machines, PSS offers card personalisation, bank integration and transaction services.
“We are working on a strategic plan for the next five years,” Tsehay told Fortune. “We will sit down with the CEO and discuss how we can make the company a centre of fintech excellence.”
“I want to see PSS introduce new technology-based services to the industry,” Yoseph told Fortune.
Last month, Eth-switch, a consortium of 17 banks established to integrate the national electronic payment system, also appointed a new CEO, Yilebes Addis. Before joining Eth-Switch, Yilebes was the chief information officer of Kifiya Financial Technology.
Moges did not respond to text and phone inquiries of Fortune.
Yoseph Kibret, the CEO of PSS.
PUBLISHED ON Dec 29,2018 [ VOL 19 , NO 974]
Fortune News | Mar 09,2020
Covid-19 | May 23,2020
Covid-19 | Apr 01,2020
Fortune News | Feb 09,2019
Radar | Mar 09,2019
Fortune News | Feb 29,2020
Fortune News | Jul 13,2019
Radar | Nov 30,2019
Radar | Feb 29,2020
Fortune News | May 23,2020
February 13 , 2021 . By TADESSE TSEGAYE
In Arada, I stopped over by a hotel in front of Cinema Empire. I sat alone inside wit...
January 30 , 2021 . By FASIKA TADESSE
The Council of Ministers approved a regulation that will establish the Liability &...
January 16 , 2021
It was a sunny day on September 12, 1974. A machine gun mounted on top of a tank was...
January 3 , 2021 . By ABDUREZAK LESMAN
Women wearing netela, a white cotton garment with woven coloured borders, and men in...
On November 6, 2020, the Sudanese military carried out unprovoked aggression against...
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 senior diplomats and envoys return back to their posts after two-week debriefings, they leave behind a point or tw...
February 27 , 2021
That Ethio telecom would remain in the hands of the state was never a sure deal. A ra...
February 20 , 2021
The late Prime Minister Meles Zenawi was in parliament in 2010, taking questions on h...
February 13 , 2021
What most spooked buyers owning a billion dollars of Ethiopia’s Eurobonds was not a...
February 6 , 2021
The feeling of helplessness; the confusion to understand what is unfolding; and the d...
PM Abiy Ahmed (PhD) at a Gala Dinner Called for the Awarding of the Félix Houphouët-Boigny Peace Prize
May 6 , 2019
Sometimes two close friends get into a heated argument in front of us, and we are asked to step in and play the role of referee. This presen...
Or see contact page