The monies and profits confiscated from the sale of the diaspora shares should be returned in full Op-Ed By Sophia Bekele Eshete, Addis Fortune | July 20, 2019 The National Bank of Ethiopia (NBE) passed a guideline about relinquishing shares in banks owned by foreign nationals of Ethiopian origin in 2016. The majority of the public, particularly the intellectuals and legal experts who understood what happened with the sale of the shares by the central bank and the financial institutions, know that it was a huge mistake. Various voices have…
Read MoreTag: Ethiopia
DotConnectAfrica founder, Sophia Bekele, wins monumental court case against National Bank of Ethiopia
Photo: DCA Founder and CEO Sophia Bekele speaking during the African Women’s Forum Special Program, Crans Montana Forum, #CMF17 Barcelona (Spain). Sophia Bekele, an Ethiopian native with American nationality has won a milestone legal battle against Ethiopia’s Central Bank – that is the National Bank of Ethiopia – whose decision led her to lose shares she inherited from her late father, the Founder of both United Bank and United Insurance, at an undervalued rate at both institutions. Ms. Bekele, a global entrepreneur and the CEO of DotConnectAfrica (DCA) Group – one…
Read More“Sophia Bekele Scholarship Fund” Pledged on Nazareth School 60th Anniversary-Diamond Jubilee
Sophia Bekele has pledged personal funds of up to 100,000 Ethiopian Birr for the benefit of Nazareth School students. “This amount would be drawn-down and disbursed to the Nazareth School to the most deserving students of the school on the basis of academic excellence and leadership achievement,” She said in her Keynote address to the audience. She is among African Women who are supporting youth development and innovation through ICT, girl child empowerment; encourage them to pursue opportunities in Science, Technology, Engineering and Mathematics (STEM). The announcement of the Sophia…
Read More