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.


High-Level Event Aims to Address Humanitarian Crisis

Development partners and government officials are expected to discuss improved humanitarian responses at a crucial event in Geneva, Switzerland this week. Co-hosted by the Ethiopian government and the UN Office for the Coordination of Humanitarian Affairs (OCHA), the primary goal is to secure pledges from both development partners and the government, according to officials. Millions face hardship due to conflicts, economic downturns, climate shocks, and disease outbreaks, according to a UN st...


Mastercard Announces Up to $2.5m Grants for Agribusinesses

Small and medium enterprises (SMEs) in the agricultural sector are poised for financial support as the Mastercard Foundation Fund pledges to award grants over the next three years. The Agribusiness Challenge Fund will award grants ranging from half a million dollars to 2.5 million dollars to qualifying businesses in Ethiopia and 19 other countries. According to Smita Sanghrajika, an engagement partner at the Foundation, agribusinesses have lacked the financial resources needed to scale up and...


Document Authentication Service Gets Fee Revamp

The Council of Ministers approved a new regulation for the Federal Document Authentication & Registration Service last week which introduces a two-tier fee structure for citizens and foreigners, with an overall increase. Beginning at 100 Br for citizens seeking document authentication for an assigning agency of single documents, the ceiling goes up to 500 Br while foreigners pay double these rates. Implementation of the new fees began this week. These changes come alongside a digitisat...