Jul 13 , 2024
Ethiopian Bankers Association (EBA) re-elected its leadership a fortnight ago, making Abie Sano, president of the Commercial Bank of Ethiopia (CBE), its president. Asfaw Alemu, president of Dashen Bank, was also re-elected as vice president for a second two-year term. The unanimous vote occurred at the CBE headquarters on Gambia St, where a 12-member board of directors endorsed the leadership team. Ethiopia's financial space is undergoing major transformations, including the introduction of foreign banks, the re-establishment of a central bank, and stricter regulatory oversight. The 26 member-strong Association is actively engaged in navigating these changes. The Association has proactively shaped banking laws and regulations during Abie Sano and Asfaw Alemu's first two years at the helm. Over the past year, it has championed the national digital identification project, including an agreement signed with Lamino Engineering three months ago to advance the project's goals further.
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