Ethiopian Business Review

When Zemen Bank’s idea of a single-branch business model was announced back in 2006, it seemed quite odd for many. Bankers and business analysts questioned the viability of the model.  However, the Bank registered robust growth year-on-year with a high rate of return on investment. Even though the Bank has been operational for only six years, it ranked 6th among the top private banks in Ethiopia for high-earnings per share, according to a survey by EBR last February. Although the Bank states that it will stick to its founding principles and business model, there are signs that Zemen’s strategy might be changing. The Bank recently opened its second branch in Hawassa and a third in the Bole Business District in Addis Ababa. It is also preparing to expand into other regions. EBR’s Amanyehun R. Sisay spoke with Ermias Eshetu, Zemen’s Vice President for Marketing and Corporate Services, about the company’s changing business model and where the Bank is headed. Next is an excerpt:

Monday, 16 June 2014 03:00
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The former Ethiopian Electric Power Corporation (EEPCo) was responsible for generating power, transmitting, distributing and selling electricity. In December 2013 it was split into Ethiopian Electric Power (EEP) and Ethiopian Electric Utility (EEU). Azeb Asnake, Gilgel Ghibe III project manager, was given a new assignment as CEO for EEP which is responsible for power generation and transmission. 

The idea behind the restructuring is to make services more efficient and reliable. Although it has only been three months since Azeb became CEO and, in fact, her responsibility mainly deals with power generation and transmission, she asks the public to ‘tolerate the erratic power interruption’. In this exclusive interview with EBR’s Amanyehun R. Sisay, she talked about the new company, ongoing projects and what is in store for EEP. Excerpts: 

Wednesday, 16 April 2014 03:00
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Meaza Ashenafi, 50, has become a face of the Ethiopian Women’s struggle for equality. A lawyer by training, she accomplished tangible results for the cause of women. In 1995 she founded the Ethiopian Women Lawyer’s Association and led it to magnificence during her eight years of dedicated service. In addition to her accomplishment, for which she was awarded the 2003 Africa Leadership Prize, she mobilized 12 professional and business women in 2008 to establish Ethiopia’s first bank dedicated to financing enterprises initiated or led by women. EBR’s Amanyehun R. Sisay, talked with Meaza about the state of women’s rights in Ethiopia, and her innovative bank.

Saturday, 15 March 2014 15:00
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