Mekelle: 22 April 2024 (Tigray Herald)
NBE Skeptical about Melaku Fenta’s Bid to Retain Amhara Bank Chairmanship
EthiopianBanking Amhara Bank, a newly established financial institution, faces scrutiny as the National Bank of Ethiopia (NBE) delays approval for two of its founding board members. While 10 nominees have been cleared, Melaku Fenta, a former Ethiopian Customs & Revenue Authority head, and Tewodros Yeshiwass, a major shareholder in Gomeju Oil, face extended probe due to past controversies and allegations.
An undercurrent of controversy surrounds the appointment of founding members of Amhara Bank after regulators at the National Bank of Ethiopia (NBE) withheld approval for two of the Bank’s nominated
