Voters Opt for New Regional State

Oct 9 , 2021

Over one million people in six zones of the Southern Regional State have voted in favour of forming the country's 11th regional state, to be named the Southwestern Regional State. The referendum was held at the end of last month, and nearly 94pc of the 1.3 million voters registered in the Bench Sheko, Sheka, Keffa, South Omo, and Dawro zones, as well as Konta Special Zone, showed up to cast their ballots. Only 24,000 voted against autonomy at the 1,613 polling stations set up in the areas. The National Election Board of Ethiopia (NEBE), which spent seven million Birr on organising the referendum, pushed the voting deadline back by two hours in light of large crowds at polling stations.


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...