Berhan Bank Appoints New Acting President

Nov 6 , 2021


Berhan Bank has appointed its vice president for customer service and quality assurance, Bethlehem Getachew, as its acting president beginning November 3, 2021. Her appointment came following the resignation of the Bank's former President Abraham Alero on October 30, 2021. Abraham had served as the Bank's president for seven years before relinquishing his post for personal reasons. Bethlehem had held the post of vice-president for close to four years. She will be one of two female top executives in the Ethiopian banking industry, along with Malika Bedru, president of ZamZam Bank. Birtukan Gebreegzi, former president of Wegagen Bank, resigned from her post less than a year after being appointed in late 2020. Berhan Bank netted 551.6 million Br in 2019/20, while its paid-up capital grew to just under 2.5 billion Br over the same period.


Radar

Parliament Reviews Bill Allowing Foreign Property Ownership

A draft proclamation that would allow foreigners to own or occupy immovable property in Ethiopia has been submitted to parliament by the Council of Ministers. Designed to attract foreign investment, the draft law plans to ensure that Ethiopian citizens retain their right to land ownership and use. According to a statement from the Prime Minister's Office, the draft was among six agenda items discussed and approved during the Council's regular session held on May 2, 2025. The proclamation is e...


Radar

Speeding in the Spotlight as New Safety Drive Begins

The Road Safety and Insurance Fund Service has stated that drivers are responsible for 68 percent of traffic accidents in Ethiopia, with the remainder mainly caused by pedestrians and road conditions. On this topic, the service launched a one-month mass media campaign on last week focused on raising awareness about speeding, the leading cause of traffic accidents. The campaign, under the motto "Slow Down, Speeding Ruins Lives," plans to shed light on the dangers of speeding. Yohannes Lemma, E...


Radar

Askari Metals Secures Five Gold Licenses in Untapped Adola Belt

Askari Metals has acquired 100pc of Rift Valley Metals, gaining five gold exploration licences covering 460sqkm in Ethiopia's Adola Greenstone Belt, part of the southern Arabian-Nubian Shield, a mineral-rich but underexplored region. "The exploration areas—Sakaro, Sakaro West, Lega Dembi South, Megado, and Wayu Boda—lie near Ethiopia's top gold mines, including Lega Dembi and Sakaro, which have produced over three million ounces of gold. The area is known for orogenic gold systems hosted...