Delicate Number | Jun 22,2024
Oct 2 , 2024
Finance Minister Ahmed Shide appointed Emebet Melese (PhD), who helmed as president of Nib Bank in May this year, to lead the Development Bank of Ethiopia (NBE), effective October 11, 2024.
Emebet succeeds Yohannes Ayalew (PhD), who stepped down several weeks ago after a four-year tenure. He was credited with steering the state-owned bank away from financial turmoil and restoring its credibility. DBE's turnaround began after the Council of Ministers approved a capital injection of 28.5 billion Br. The Central Bank also mandated that all commercial banks purchase bonds the DBE issues equivalent to one percent of their annual loans, further strengthening its capital base.
He moved to run Amhara Bank, leaving behind a bank that reduced its nonperforming loan ratio substantially.
Before her brief tenure at Nib Bank, Emebet served as vice president at the state-owned Commercial Bank of Ethiopia (CBE), overseeing strategic planning and transformation. She spearheaded initiatives promoting organisational change.
An alumna of Addis Abeba University with a doctorate in business leadership, Emebet focused her dissertation on the role of organisational climate and market orientation in driving innovation within the banking industry. Her academic and professional background may position her to advance sustainable growth and innovation at the DBE.
Emebet declined to comment on the circumstances of her departure from Nib Bank, where she enjoyed generous compensation packages, and her priorities while running the DBE, a state policy bank with a capital base of 39.7 billion Br last year, making it the country's second-largest bank after the CBE.
Delicate Number | Jun 22,2024
Radar | Jun 29,2024
Radar | Dec 07,2019
Radar | Apr 30,2022
Radar | Jun 30,2024
Agenda | Oct 13,2024
Commentaries | Feb 27,2021
Radar | Jan 16,2024
Viewpoints | Aug 10,2024
Fortune News | Feb 23,2019
My Opinion | 131974 Views | Aug 14,2021
My Opinion | 128363 Views | Aug 21,2021
My Opinion | 126301 Views | Sep 10,2021
My Opinion | 123918 Views | Aug 07,2021
Jul 5 , 2025
Six years ago, Ethiopia was the darling of international liberal commentators. A year...
Jun 28 , 2025
Meseret Damtie, the assertive auditor general, has never been shy about naming names...
Jun 21 , 2025
A well-worn adage says, “Budget is not destiny, but it is direction.” Examining t...
Jun 14 , 2025
Yet again, the Horn of Africa is bracing for trouble. A region already frayed by wars...
Loading your updates...