Development Bank of Ethiopia ousts top leadership after dispute

The Development Bank of Ethiopia (DBE) has implemented an administrative change by ousting its top leadership. This follows a boardroom dispute that spilled over into management. Specific details on the individuals affected remain undisclosed in available reports.

The Development Bank of Ethiopia (DBE) has ousted its top leadership amid an administrative shakeup. This action stems from a boardroom dispute that extended into broader management issues. As a key financial institution supporting development projects in Ethiopia, the bank faces this internal change. Further specifics on the dispute or affected executives are not detailed in the source material.

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A long-serving vice president at the Development Bank of Ethiopia (DBE) has stepped down, continuing a series of leadership transitions at the institution following the recent ousting of top executives over a boardroom dispute.

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The Development Bank of Ethiopia (DBE) has appointed five new vice presidents as part of ongoing efforts to strengthen its leadership amid recent transitions, including the departure of a long-serving executive.

Siinqee Bank has entered the investment banking sector with substantial capital, as reported by Addis Fortune, Ethiopia's leading business news outlet. This move marks the bank's expansion into new financial services.

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The National Bank of Ethiopia has decided to remove the low interest rate floor for savings deposits. This decision was made under the leadership of Governor Eyob. It aims to adjust banking policies in the country.

 

 

 

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