Apr 5 , 2023
Geez Bank, a private commercial bank under formation, has resumed share sales after a two-year interruption caused by the northern conflict. Initially, the Bank aimed to complete its share sales by July 2021, but the escalating tensions and uncertainties in the country forced a halt to its efforts.
Thomas Haile, a member of the bank's founding committee, confirmed that they have now secured a permit from the central bank, allowing them to continue their bid to raise equity from the public. The announcement comes as a positive development, as businesses and investors look to rebuild and strengthen the economy after the turmoil caused by the war.
During a press conference held at Geez Bank's office, at Wegagen Bank's headquarters, the founding committee revealed ambitious plans to raise half a billion Birr in paid-up capital within the next month. If successful, this move is expected to solidify the Bank's position in providing a strong foundation for its future growth.
Fortune News | May 27,2023
Radar | Dec 16,2023
Radar | Mar 18,2023
Radar | Sep 27,2025
News Analysis | Nov 11,2023
Photo Gallery | 179116 Views | May 06,2019
Photo Gallery | 169316 Views | Apr 26,2019
Photo Gallery | 160196 Views | Oct 06,2021
My Opinion | 137150 Views | Aug 14,2021
Oct 25 , 2025
The regulatory machinery is on overdrive. In only two years, no fewer than 35 new pro...
Oct 18 , 2025
The political establishment, notably the ruling party and its top brass, has become p...
Oct 11 , 2025
Ladislas Farago, a roving Associated Press (AP) correspondent, arrived in Ethiopia in...
Oct 4 , 2025
Eyob Tekalegn (PhD) had been in the Governor's chair for only weeks when, on Septembe...
Loading your updates...