CEO Archives - Ethio Negari

13 Sep

Yohannes Ayalew Named New CEO of Amhara Bank

ethionegari@gmail.com0 CommentsBusiness, NewsAddisAbaba, Amharabank, Amharanews, CEO, EthioNegari, Ethiopia, Ethiopianews, Yohannesayalew

Yohannes Ayalew Biru, who recently resigned as President of the Development Bank of Ethiopia due to health concerns, has been appointed as the Chief Executive Officer of Amhara Bank. The announcement, made on September 13, 2024, marks a new chapter in his distinguished career in Ethiopian finance. Amhara Bank, in a statement on its social media platforms, confirmed that Yohannes would take over as CEO, effective immediately. The bank, which began operations three years ago with an initial capital of seven billion birr, is a private institution founded by 138,000 shareholders. Yohannes is widely respected for his financial expertise, particularly…

23 Jun

Ethio Telecom Earns 52 billion Birr

ethionegari@gmail.com0 CommentsBusiness, News, TechnologyAddisAbaba, CEO, EthioNegari, Ethiopia, EthioTelecom, telebirr, Telebirrsuperapp

One of the biggest telecom companies in Africa, Ethio Telecom has earned more than 52 billion birr in the last nine months. The state owned organization presented its nine-month plan for the fiscal year to the House of Representatives. According to the CEO of the company, Frehiwot Tamru, said that, Ethio Telecom has earned 52 billion birr in the last nine months. The CEO also said that, the company has earned 103 million dollars in revenue from the services it provides from abroad customers. Due to a mechanisms that turning government and commercial institutions implement their payment system with Tele…

05 Jul

Parker Clay, Akshay Jain Agree to Enter Ethiopian Industrial Parks

ethionegari@gmail.com0 CommentsNewsAddisAbaba, CEO, EthioNegari, Ethiopia, IPDC

Two private manufacturing firms, Parker Clay Plc and Akshay Jain have today agreed to start operations inside the Addis Ababa and Jimma industrial parks, respectively. The Ethiopian Industrial Parks Development Corporation (IPDC) on Monday signed the memorandum of understanding with officials of Parker Clay Plc, and Akshay Jain Plc, respectively. Accordingly, Parker Clay manufacturing will invest at least 30 million Birr on 1,150 square meters of shade inside Addis Industrial Park. The company plans to manufacture leather products in its newly acquired shade and expects to eventually create job opportunities for at least 300 people. Akshay Jain Company, on the…

05 Jul

Ethio-Djibouti Railways set to Streamline Ethiopian Export

ethionegari@gmail.com0 CommentsNewsAddisAbaba, CEO, EthioDjibouti, EthioNegari, Ethiopia

Ethio-Djibouti Standard Gauge Railways S.C has set to streamline Ethiopian Export products and boost Profitability, according to Ethiopian Embassy in Djibouti. A delegation led by, the CEO of Ethio-Djibouti Standard Gauge Railways S.C Abdi Zenebe, visited Djibouti and held discussion with a diplomat at the Embassy to discuss ways to streamline Ethiopian export products by reducing logistical bottlenecks and increasing profitability. By utilizing railway wagons and setting up affordable prices to attract more clients, the railway company is focusing on schemes of addressing logistical issues caused by the conventional ways of transporting Ethiopian export products to Djibouti and beyond. The…

04 Jul

Manmade fuel shortage disorients market

ethionegari@gmail.com0 CommentsNewsAddisAbaba, CEO, EthioNegari, Ethiopia

If the current shortage of petroleum is not resolved in the remaining few days, the Ministry of Trade and Regional Integration has stated that the market will be in disarray when the subsidies are applied starting from July 8, 2022.In the past few days severe fuel shortage has pricked the country, including that of the Capital, Addis Ababa. However, the Ministry argues that the case is manmade.“There is shortage of supply whilst demand is increasing,” said Tadesse Tilahun, CEO of the National Oil Company and President of Ethiopian Oil Companies Association adding that, “since there is shortage of supply we…

08 Jun

African Union Development Agency CEO Pays Courtesy Call to President Sahle-Work

ethionegari@gmail.com0 CommentsNewsADDIS ABABA, African Union, CEO, EthioNegari, Ethiopia

The newly appointed Chief Executive Officer of African Union Development Agency AUDA – NEPAD Nardos Bekele-Thomas paid a courtesy call to President Sahle-Work Zewde. The President congratulated her for being appointed to this high level of responsibility and for being the first woman to hold this position, according to office of the president. She thanked her for making a whole nation proud. She expressed her full confidence that in view of the many challenges facing our continent Nardos will give the appropriate leadership. A consistent work has to be done in order to have more Ethiopians at a senior level in…