
Feb 13 , 2024
Teklewold Atnafu, monetary policy advisor to the Prime Minister, assumes the chairmanship at the Board of the Development Bank of Ethiopia (DBE), taking over from Tegegnework Getu.
Tegegnework, an alumnus of Addis Abeba and Colombia universities, previously served as the secretary general and administrator of the UNDP.
Signed by Habtamu Hailemichael, director general of the Public Enterprise & Administration, Teklewold's appointment becomes effective beginning yesterday, February 12.
A policy bank, DBE has declared 6.5 billion Br profit for the ended fiscal year. It had lowered its nonperforming loans from 43pc a few years ago to 11.3pc. Its capital has grown to 38 billion Br from 2.6 billion Br three years ago. It collected 25 billion Br from bonds bought by banks and pension funds last year.
Yohannes Ayalew (PhD), who had served as vice governor of the National Bank of Ethiopia (NBE) under Teklewold, before he was moved to the DBE as a CEO.
Teklewold ceded his role as chairman of the state-owned Commercial Bank of Ethiopia (CBE) late last week to Ahmed Shide, minister of Finance.
Fortune News | Dec 15,2024
Agenda | Apr 03,2023
Radar | Feb 10,2024
Commentaries | Dec 23,2023
Viewpoints | May 31,2025
Radar | Jun 11,2022
Commentaries | Apr 30,2022
Radar | Jan 09,2024
Fortune News | Sep 10,2023
Fortune News | May 18,2024
Photo Gallery | 140191 Views | May 06,2019
My Opinion | 134067 Views | Aug 14,2021
My Opinion | 130632 Views | Aug 21,2021
Photo Gallery | 130453 Views | Apr 26,2019
Aug 23 , 2025
Banks have a new obsession. After decades chasing deposits and, more recently, digita...
Aug 16 , 2025
A decade ago, a case in the United States (US) jolted Wall Street. An ambulance opera...
Aug 9 , 2025
In the 14th Century, the Egyptian scholar Ibn Khaldun drew a neat curve in the sand....
Aug 2 , 2025
At daybreak on Thursday last week, July 31, 2025, hundreds of thousands of Ethiop...