Somali's Council Re-elects Mustafa Mohammed President

Oct 23 , 2021

The Somali Regional Council, established last week, has elected Mustafa Mohammed as its chief administrator. Mustafa has been serving as administrator of the region for the past three years. He was appointed to replace the interim President Ahmed Abd,i who was appointed after Abdi Illey. Ayan Mohamed was also appointed as speaker of the Council and Ibrahim Hassen as deputy speaker. In the elections held in September, the Prosperity Party enjoyed a landslide victory, securing all of the 23  parliamentary seats and all but one of the 72 regional council seats. The 36 member council of Harari Regional State has re-elected Ordin Bedri to serve as its President.


Addis Chamber Embarks on Leadership Forum

A leadership forum where prominent executives will share their experiences in the business environment is organised by the Addis Abeba Chamber of Commerce & Sectoral Association (Addis Chamber) and SAK Training & Consultancy Firm. Headlining Arega Yirdaw (PhD), president of Unity University, who is expected to address the fortunes and adversities of the leadership ecosystem and share insights into his cascade of experiences, the first round is expected to set off at the Inter-luxury H...


Wegagen Bank Launches its Mobile App

Embracing the digital realm, Wegagen Bank officially launched its mobile banking application last week. The App was inaugurated in Dire Dewa City, with Yehwalashet Zewdu, vice president of the Bank Enterprise Services, showcasing its service that provides secure and seamless financial services. According to Yehwalashet, Wegagen Mobile meets the evolving needs of its clientele in Amharic, English, Afan Oromo, Tigrigna and Somali languages. Incorporated in 1997, Wegagen Bank has grown to become...


Zemen Bank Joins IFC's Trade Finance Program with $30m Boost

Zemen Bank has secured a 30 million dollar trade finance guarantee from the International Finance Corporation (IFC) to boost the trade finance operations. A member of the World Bank Group, IFC has welcomed Zemen as the newest member of its Global Trade Finance Program aimed at supporting exports and imports. Signed by Dereje Zenebe, president of Zemen Bank and Madalo Minofu, country manager of IFC, the trade financing is part of the one-billion-dollar Africa Trade & Supply Chain Finance P...