
Would-be attendants of United Insurance board meeting turn back after session is aborted when minimum quorum was not achieved, on June 16,2007
United Bank elect new board members
‘New directive won’t make much of a difference’, critics
By Andualem Sisay
The United Bank has elected four board members, on Thursday June 14, 2007 at a General Assembly that took place at the Hilton Hotel.
Eyesuswork Zafu, Omedad plc, Ayele Belachew and Getachew Ayele have been elected according to the new directive of the National Bank of Ethiopia. According to this directive if a person serves as a board member for six consecutive years, he/she has to wait another six years to be board member again, but however can be elected if one third of the previous board members vote for them.
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Agency to build residential apartments
By Groum Abate
TheRented Houses Agency has decided to build residential apartments that are going to be rented out to the public.
According to the nine month performance report of the agency to the House of People’s Representatives, the agency decided to demolish small houses that are located in the Agency’s land and planns to build residential apartments.
The government has in its long-term plans to move out of the rental business step by step, until it sells the entire property of the agency in the long run.
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Ishac Diwan makes way for Kenichi Ohashi
By Groum Abate
The World Bank has appointed Kenichi Ohashi as its new country director for Ethiopia and Sudan.
Kenichi Ohashi will succeed Ishac Diwan, who had been serving in the position since 1997.
According to the WB, Kenichi served the World Bank as a Country director for Nepal and would be replaced by Susan Goldmark on July 1st 2007.
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