Central Bank Approves Neway Beyene as Dashen Bank Chairperson


Central Bank Approves Neway Beyene as Dashen Bank Chairperson

Regulators at the central bank have approved Neway Beyene's re-election as the board chairperson of Dashen Bank, late last month.
Neway was first elected as the board chairperson during the Bank's 23rd ordinary shareholders assembly held at the Sheraton Addis in November 2017, replacing Teka Asfaw, who had served the Bank as board chairperson for three years. The Board of Directors re-elected Neway during the Bank's 27th ordinary annual shareholders assembly held on December 24, 2020, at Mechare Meda in the Sarbet neighborhood. Four existing and five new board directors were elected during the same session as well.
Neway, married and a father of four, obtained his BSc degree from Addis Abeba University in electrical engineering in 1984 and received his postgraduate studies in business leadership at the University of South Africa, in 2013. He started his career in 1984 as a trainee field engineer at NCR Ethiopia and served as office manager for Microsoft Ethiopia, for three years.
He is currently a general manager of Afcor Plc, an IBM business partner in Ethiopia.

[ssba-buttons]

Radar

US Renews National Emergency, Sanctions on Ethiopia

The United States has extended the national emergency and sanctions on Ethiopia for another year under the African Growth & Opportunity Act (AGOA). Signed by President Donald J. Trump, the measure was first declared on September 17, 2021, through an executive order citing the conflict in northern region of the country as an "unusual and extraordinary" threat to U.S. national security and foreign policy. The extension, effective until September 17, 2026, keeps in place restrictions targeti...


Radar

Rockefeller Pitches Clean Cooking to Curb School Meal Emissions

A recent study has revealed the staggering environmental toll of school feeding programs. A single school serving 400 students can burn through the equivalent of 56 hectares of forest each year to fuel cooking. The Rockefeller Foundation flagged the health risks too, with most cooks, predominantly women, breathing smoke levels ten times higher than the World Health Organisation's safe limit. "If every school meal transitioned to clean cooking with electricity and solar, the emissions saved wo...


Radar

Sun-Powered Grid Brings Light to Qunbi District

A new 600KW solar mini-grid in East Hararge'sQunbi district has connected 2,200 households to electricity, marking a milestone in the recent rural electrification push. Ethiopian Electric Utility (EEU) laid seven kilometres of medium-voltage and 10 kilometres of low-voltage lines, installing four transformers to reach communities long cut off from power. Customers cover only meter and installation costs before accessing the service. The project is part of the national strategy to expand energ...