Ethiopia: Abyssinia Bank’s President Resigned
Bank of Abyssinia’s President Addisu Haba resigned from his position and Vice President of Operations, Mulugeta Asmare, replaced him as an acting President from Monday, September 01, 2014.
Ethiopia: Abyssinia Bought Unfinished Building for 400 Million
Bank of Abyssinia (BoA) bought a 15 storey 60 percent finished building from Saca Plc, a sister company of Ayat, for 400 Million Birr.
Ethiopia: Abyssinian Pilot School Bought Trainer Aircrafts Worth U.S. $ 1.3 Million
Abyssinian Pilot Training School bought three more trainer aircrafts at an outlay of U.S. $ 1.3 Million.
Ethiopia: Abyssinia’s VP Resigned
Aklilu Wubet, Vice President for Corporate Service at the Bank of Abyssinia S.C., resigned from his place leaving his place vacant. This happened six months after the bank’s president left the bank and joined Debub Global Bank.
Ethiopia: Accident-Prone Roads to be Improved
By allocating Birr 220 million, Addis Ababa City Road Traffic Management Agency is prepared to imporve accident-prone roads. The money will be used to fix and maintain traffic lights, safety devices, signage, and marking.
Traffic lights will be positioned at 31 proposed road junctions at a cost of Birr 54 million. The maintenance work includes repainting 50Km of lanes and zebras, and fixing road studs along 82 different streets. The enhancement and maintenance work will take up Birr 128 million and at a cost of Birr 39 million, lane dividers and pedestrian crossings will be covered.
