
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.
Radar | Aug 26,2023
Fortune News | Dec 04,2021
Radar | May 28,2022
Fortune News | Feb 09,2019
Fortune News | Jun 07,2020
Radar | Sep 19,2020
Radar | Nov 16,2019
Fortune News | Jun 08,2019
Radar | Sep 26,2021
Editorial | Jun 29,2024
My Opinion | 132151 Views | Aug 14,2021
My Opinion | 128561 Views | Aug 21,2021
My Opinion | 126482 Views | Sep 10,2021
My Opinion | 124091 Views | Aug 07,2021
Jul 12 , 2025
Political leaders and their policy advisors often promise great leaps forward, yet th...
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...