Central Bank Green-Lights Oromia Bank President

Jun 7 , 2020

The National Bank of Ethiopia (NBE) has approved the appointment of Teferi Mekonnen as president of Oromia International Bank. The board of directors of the Bank sent the application to the regulatory bank on March 7, 2020, following the departure of Abie sano, who was appointed to lead the Commercial Bank of Ethiopia (CBE). Abie departed Oromia after serving the Bank for almost 11 years. Teferi holds a first degree in accounting and a second degree in business administration from Addis Abeba University. he has worked in the banking industry for the past 22 years at CBE, Wegagen and Oromia banks in different capacities. Teferi, who served Oromia for the last nine years, served as founding director of risk management and compliance, vice president for corporate support and the latest vice president for credit and international banking. While working at the Bank, he established the Risk Management & Compliance Department and played an instrumental role in realising the current headquarters acquisition, renovation, furnishing and relocation.



Women around the Koshe area hunt through piles of trash to find scraps of metal to sell. With close to three million people unemployed in the country and a headline inflation of 33pc, unskilled labour is in little demand. Ethiopia has an adult literacy rate of 51pc, with fewer numbers going past high school. Less than three percent of 12th-grade students made it to universities this year while the rest were at the mercy of remedial exams...



An old wooden car that was part of a commercial campaign by a furniture company around the Beherawi Theatre area. Ethiopia's forest coverage to national land size has been registered at 15pc to the latest data by the World Bank. The current Prime Minister Abiy Ahmed launched an initiative labelled 'Green Legacy' to plant five billion trees in 2020 claiming an 83pc success...



A young boy attempts to pull a piece of cloth from an overloaded pickup truck around the Ayer Tena area. Observing an unsupervised child on the streets of the capital has become a common sight, with sporadic conflict across the country creating nearly four million internally displaced people. Despite the last census having been conducted 16 years ago, the population of the country is estimated at 120 million...