Tag Archives: Sophia Bekele vs. NBE

Thumbs up for Sophia Bekele! Court Rules Against Central Bank Over Diaspora Shares Auction

30 Nov

Posted by The Ethiopia Observatory (TEO)
by Addis Fortune

Sophia Bekele (Credit: Addis Fortune)

An Ethiopian native with foreign nationality has won a milestone legal battle against the central bank, whose decision led her to lose shares she inherited from her late father but for an undervalued rate.

Sophia Bekele, a businesswoman with American citizenship, lost shares auctioned by the United Insurance Company (UNIC), a company where her father was a founding shareholder.
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