Development Bank of Ethiopia replaces its four vice-presidents

2 May

Posted by The Ethiopia Observatory (TEO)
The Development Bank of Ethiopia (DBE), the state policy financier, has replaced four of its vice presidents effective as of May 2, 2017.

Tadesse Hatiya, vice president of credit management, Teka Yibrah, vice president of corporate services, Almaz Tilahun, vice president of finance & banking management and Dereje Awgichew, vice president of project financing, are the VPs who lost their positions.

The new vice presidents of the Bank who were assigned by Getahun Nana: are Getachew Waqe Haileyesus Bekele, Hadush Gebreegziabher and Endalkachew Mihretu, assuming the posts of the outgoing VPs.

Teshome Alemayehu will stay at his current position as VP of Lease Finance & Branch Operations.

A new structure introduced after Getahun Nana became president of the Bank is the primary reason for the replacement of the VPs, according to a source close to the Bank.

The fate of the outgoing VPs is not yet decided, the same source disclosed. But the letter given to the outgoing VPs reads they were removed from their post with acknowledgement.

It is to be recalled the former president of DBE Isaias Berhe run away from the country, with several senior TPLF members, including senior military officers into the Middle East.

DBE under him had been corrupt and nepotist, bankrolling Tigreans as settlers in Gambella region.
/Addis Fortune


    Gambella land grab breeds TPLF lawlessness & corruption; DBE & its ponzi scheme at the centre of it!

    ተጠያቂነት ያላስከተለው የሕወሃት ዘረኝነትና የኢትዮጵያ ፖንዚ ፖለቲካዊ ኤኮኖሚው የተለያዩ መገለጫዎች

    What a mess at DBE! Boils down to TPLF’s inefficient use of bank’s resources to beneift TPLF members


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