2merkato

Enat Bank, Ethiopia has submitted its nomination of Brutawit Dawit to become its founding president to the National Bank.

The bank made its second nomination for president after first choice Birtukan Gebregzi was rejected by banking industry regulators with the central bank for lack of experience in credit management.

Brutawit was the president of Wegagen Bank from May 1997 to December 2004 before serving as president of Zemen Bank. She also served as the president of the Ethiopian Professional and Business Women’s Association.

Enat Bank, one of the latest entrant to Ethiopia’s banking sector, has farewell its founding board chairperson, Meaza Ashenafi, who held the position starting from the bank’s inception. The decision was passed during the shareholders’ general meeting.

The Endowment Fund for Rehabilitation of Tigray (EFFORT) said that 18 local and international companies had responded to the tender for feasibility study to erect a steel mill in Shire, Tigray Regional State.

The companies which expressed interest in conducting feasibility study include TATA, the Indian consultancy service, and Mastell, a Chinse consultant.

The bids from the 18 companies were scheduled to be technically and financially evaluated yesterday.

Energoinvest, the largest Bosnian engineering group, and the Ethiopian government signed 45 million dollar contract this week for the building of 150 kilometres of electric power transmission lines.

The works are scheduled to be completed in two years according to the Ministry of Foreign Affairs of Bosnia and Herzegovina.

The contract was signed by Meheret Debebe, general manager of the Ethiopian Electric Power Corporation and Dzemal Vlahovljak, general manager of Energoinvest.

Energoinvest won the contract on July 21.

The first phase of a project to produce up to date and comprehensive data on the energy sector was completed and submitted to the Ministry of Water and Energy on Wednesday. The study was carried out at a cost of 4.3 million birr.

The project known as the ‘Energy Sector Mapping and Database Development (ESMAD) was initiated by the MoWE and financed by GiZ. The study was carried out by Professional Consulting on Energy and Development in collaboration with eight other private consultants.

It took 16 months to complete the first phase which included the development of GIS enabled, web based energy database. The database allows various energy maps to be produced on the basis of data collected on the supply of electricity, renewable energy biomass and hydrocarbons.