2merkato: Ethiopia: Wegagen Bank and IFC Sign USD 10 Million Trade Finance Guarantee Agreement
On April 9, Wegagen Bank and the International Finance Corporation (IFC), a member of the World Bank Group, signed a strategic partnership agreement to establish a USD 10 million trade finance ...
Ethiopia: Wegagen Bank and IFC Sign USD 10 Million Trade Finance Guarantee Agreement
Wegagen Bank S.C. was founded in June 1997 with an initial capital of 30 million Br. It currently has 360 shareholders and 151 million Br in paid up capital. It has 120,000 account holders, 2.3 ...
The Wegagen Bank S.C. Board of Directors has officially dismissed, Kidane Nikodemos, president of the Bank, after keeping him in suspense for four months. The letter terminating his contract, which ...
The Africa Report: Foreign capital will reshape the financial sector in Ethiopia, says Wegagen Bank boss
In an exclusive interview with The Africa Report, Aklilu Wubet, president of Wegagen Bank and one of Ethiopia’s most experienced bankers, offers an insider’s perspective on how domestic banks are ...
Foreign capital will reshape the financial sector in Ethiopia, says Wegagen Bank boss
Wegagen Bank S.C has reported a seven percent rise in profits for the recently ended the year, while its earnings per share dropped to 222 Br from 244 Br of the preceding year. The earning per share ...
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