Development Bank Loses Its President

Esayas Bahre, long serving president of Development Bank of Ethiopia has left his post, effective November 18, 2016.

Esayas’ tenure came to an end when he received a letter of dismissal from the Public Financial Institutions Supervision Agency, signed by Director General, Sintayehu Woldemichael.

No explanation for his removal was mentioned in the letter, according to source from the Bank.

Esayas, 52 began his career in banking industry at the Commercial Bank of Ethiopia, working his way up to Vice President of Branch Operation & Coordination. He became president of the DBE in 2008

“I am of thinking of having a rest for now,” Esayas told Fortune.

“So far no new nominees for the position of President have come from the Agency,” said Behailu Kassaye (PhD), communication director of DBE.

Published on Nov 28,2016 [ Vol 17 ,No 865]



Political transformation is unavoidably rocky, if not delicate. It invo...


Ethiopia’s vulnerable children face a murky future. According to a 20...


Yet again, last week saw another season where feder...


Lack of proper medication and diagnosis by doctors has eroded the trust...


The dilemma of policing lies in the fact that both vigilance and approa...


The Addis Abeba Transport Authority and Ride, a popular and an up-and-c...

View From Arada

The private sector is more efficient and customer-oriented than governm...


Editors Pick