Premier Moves Alemu Sime to MetEC

Apr 26 , 2019


Prime Minister Abiy Ahmed (PhD) has appointed Alemu Sime (PhD), former head of the Oromo Democratic Party’s secretariat, as deputy director of the Metals & Engineering Corporation (MetEC). Alemu is a member of the executive committee of the ODP, one of the constituent parties of the EPRDF. He was also the head of Oromia Water, Mines & Energy Bureau before his latest appointment. The state-owned military-industrial conglomerate has six deputy director positions including project management, logistics, operations, investment and business development. The Prime Minister has also made three other appointments. Jantirar Abay, former minister of Construction & Urban Development, has been appointed as advisor to the PM on Infrastructure & Urban Development. While Teyba Hassen became the PM’s social affairs advisor, Gezahegn Abate was appointed as the deputy director of the National Hotel & Tourism Training Centre.


Radar

DDR Initiative Gets 16m Boost

A 16 million euro initiative to facilitate the disarmament, demobilisation, and reintegration (DDR) of nearly 370,000 ex-combatants was launched last week. Financed by the European Union (EU) the program will be implemented across eight regional states. It is overseen by the National Rehabilitation Commission (NRC), the agreement was signed at the Ministry of Finance's headquarters on King George St. Key figures including Semereta Sewasew, state minister for Finance; Teshome Toga, commissioner...


Radar

Central Bank Launches Youth Enterprise Forum

A financial education program targeting youth and Medium & Small Enterprises (MSMEs) was launched by the National Bank of Ethiopia (NBE) last week. It aims to equip interested trainees with personal and professional knowledge through experts from banks and microfinance institutions who will provide comprehensive training. The training modules, developed in collaboration with The First Consult and BRIDGE, cover several angles of financial literacy, including deposits, digital financial servic...


Radar

ArifPay Takes a Leap with Massive Capital Boost

Shareholders of ArifPay Financial Technologies S.C. have taken a significant stride by resolving to raise the company's paid-up capital to 300 million Br. The decision doubles down from the current 140 million Br marking a substantial increase. ArifPay, was established by 142 shareholders and secured the distinction of being the first payment operator licensed by the National Bank in 2021. CEO Bernard Laurendeau emphasised the critical timing of this capital increase, aligning with the company...


Back
WhatsApp
Telegram
Email