Bulga town which is located in North Shewa Zone of the Amhara Regional State has granted permission to 63 investors who collectively have a registered capital of over Birr 11 billion to engage in agriculture, food processing, steel manufacturing, and other industrial sectors.
One of Ethiopia’s private banks, Buna International Bank (BIB), decided to sell shares to its employees who worked for at least two years. The intention behind the decision is to keep the employees and also motivate them.
Bunna Bank and Wegagen Bank have reported profitable performances in the 2022/23 fiscal year. Bunna Bank announced a profit before tax of Birr 1.35 billion, mobilized over Birr 36.59 billion in deposits, and approved Birr 8.92 billion in loans across various economic sectors.
Bunna Bank S.C., one the private banks in Ethiopia, has endorsed Negusu G/Egziabher, to be its newest CEO. Negusu was among the 3 candidates for the spot.
National Bank of Ethiopia (NBE) has approved Bunna International Bank’s presidential nominee, Tadesse Chinkel, after almost 6 months of back and forth between the central bank and bank’s board of directors (BoD). The approval was effective as of May 11, 2017.
