2021 – Page 3 – Ethiopian Business Review

Dashen Bank—the 25-year-old private commercial bank—announced the appointment of five new senior officials looking to revamp its organizational structure and to address the departure of two senior officials, Henok Kebede and Yared Mesfin, to newly-establishing banks.

Four positions were filled from within the bank and the fifth arrived from the Commercial Bank of Ethiopia, for which it got approval from the central bank.

Among the pioneering private commercial banks, Dashen’s shareholders have decided to almost double the bank’s paid up capital to ETB12 billion. The 25-year-old bank was established with 11 shareholders which has grown to over 2,000 alongside a current capitalization of ETB5.4 billion. Moreover, Dashen has also announced that it has earned over ETB2 billion in profit from gross earnings of ETB10 billion from the last fiscal year which concluded on June 30.

Related Articles

Dashen Bank to raise paid up capital to ETB12 billion – Ethiopian Business Review

Dashen Bank to Import Latest ATMs – Ethiopian Business Review

Starting a media organization, particularly in the print sector, and surfing the thorns for 100 editions takes nothing less than immense courage. But witnessing the thirst and trust of our readers and partners, carrying Sisyphus’ rock is worth the effort.

Audiences can now access news and events as they happen with the help of social media platforms such as Twitter, Facebook, and YouTube. They are migrating from classical media to the digital sphere and, as a result, the underdeveloped mainstream media of Ethiopia is facing new challenges, competitors, and demands as well as expectations and opportunities. Especially for private press, which has been losing advertisers and failing to broaden its readership and coverage, this is bad news. EBR’s Ashenafi Endale explores the journey periodicals are taking to embrace social media.

Dashen Bank has announced the launch of an exclusive partnership with American Express this week. The bank believes the products will significantly benefit overseas-travelling customers by enabling easy use of foreign currency during card transactions when travelling outside of Ethiopia.

Asfaw Alemu, CEO of Dashen Bank, said that as the payment industry continues to evolve and regulations start to relax, it has allowed travelers to make easy, secure, and convenient payments globally, avoid the potential risk of carrying cash, and give customers freedom when shopping. The bank’s customers that are allowed forex deposits are permitted to use this card.

Related Articles

Dashen Bank to raise paid up capital to ETB12 billion – Ethiopian Business Review

Dashen Bank to Import Latest ATMs – Ethiopian Business Review

Visual-Art-Brewing-in-the-Localized-Fashion-Industry.jpg

Visual and performing arts are augmented by fashion design in Ethiopia, especially after Kassmasse’s Negen Letizita music video and Betty G’s 2019 Nobel Peace Prize ceremony performance where Ethiopian fashion and visual art designers elevated their professions. Such opportunities provide fashion and set designers exposure to catapult their themselves, but not without sacrifice.

The industry, though seeing advancements, still has its low points. EBR’s Samuel Habtab looks at both up-and-coming as well as established industry players to the assess the confluence of fashion design, culture, and the visual art industry.

One of the major issues in international hydro-politics is the utilization of transboundary rivers. Although there are existing theories on the use of these bodies of water, they were not universally used in a uniform way. Accordingly, some countries are trying to protect their interests by distorting the meaning of terminologies in these theories.

In other words, in the utilization of transboundary rivers, the upper riparians may consider only their national interest while the lower riparians, on the other hand, exert their utmost effort to keep their interest. To this end, the lower riparians may use amicable negotiation (soft diplomacy) or may wage war (hard diplomacy) against the upper riparian countries.

In this digital fast-paced age, an online reference book is looking to take hold. Alphabetic African Timeline, an almost three-decade old journey of information compilation, is now looking to take a spot amongst students, researchers, and the general public as a go-to repository of general African information. Its developer has been working with a handful of government organs to institutionalize the work and looks to the near future where anyone can purchase general African information from the website africacomplete.org and other digital platforms. EBR looks into this yearning to enlighten the public.

The House of Peoples’ Representatives (HPR) blessed new ministers into PM Abiy Ahmed’s cabinet for the new under-formation government after Prosperity Party won June’s elections. The PM reshuffled the executive body with three ministers appointed from opposition parties.

Signs bearing a flower and the words “New Beginnings” were seen across the capital ahead of Monday’s ceremony.

“I, Abiy Ahmed Ali, today in the House of People’s Representatives, accept the appointment as prime minister as I pledge to undertake responsibly and with faith to the constitution the responsibility placed upon me by the people,” he said while being sworn in by Supreme Court Chief Justice Meaza Ashenafi.