NBE Skeptical about Melaku Fenta's Bid to Retain Amhara Bank Chairmanship
An undercurrent of controversy surrounds the appointment of founding members of Amhara Bank after regulators at the National Bank of Ethiopia (NBE) withheld approval for two of the Bank's nominated board members, including its founding board chairman. They cited the need for an extended investigation before nodding for the appointments of Melaku Fenta, board chairman until recently, and Tewodros Yeshiwass to serve on the board.
Frezer Ayalew, head of NBE's banking supervision directorate, approved the other 10 nominees three weeks ago; they will undergo training in corporate management, int...