2merkato

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.

Bunna Bank announced that it was preparing to build a new headquarters in Addis Ababa. This was announced during the bank’s 13^th general meeting which was held on Sunday.

Bunna Bank, by employing 100 million birr, improved its servers and card-banking switches and is also prepared to introduce three new services; mobile, internet and agent banking. The Bank’s servers were upgraded by Oracle, an American software company while the switches were installed by M2M, a company which is based in Morocco and which specializes in secured electronic transactions processing solutions. The Mobile, internet, and agent banking services are currently being developed by Virmati Software and Telecommunication, a mobile and telecommunications contractor for the banking & finance industries.

The Amhara State Industry and Urban Development Bureau announced it has managed to give license to some 833 projects with a combined capital of 9.9 Billion Birr during the current fiscal year. The license is given to projects that will undertake different investment projects.