May 4 , 2024
The National Bank of Ethiopia (NBE) has approved the appointment of Jibat Alemneh Faji as the Chief Executive Officer of Awash Insurance S.C. Following the passing of the serving CEO Gudissa Legesse a couple of months ago, Jibat had been fulfilling the role of Acting Chief Executive Officer. Aged 40 and a father of three, Jibat holds postgraduate degrees in economics and finance & development studies from Addis Abeba University. With over 19 years of experience in the insurance sector, he began his journey as a claim clerk at Awash, steadily advancing through various positions until reaching the role of Chief Operating Officer. Last year, Awash Insurance solidified its position as a leader in the private insurance sector, boasting robust profit growth that outpaced competitors, with profits reaching 509.12 million Br, marking a 52.5pc increase from the previous year. "I'm committed to upholding the legacy," he told Fortune. "And steering Awash to unprecedented heights."
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