BEST OF LUCK
After laboring for five years Enat bank has finally been delivered. Initiated in 2008 by eleven prominent Ethiopian women, including Meaza Ashenafi, who currently serves as the bank’s board chairperson, the bank has opened its doors naming its main and branch offices after renowned women in Ethiopian history. The main branch, opening first in front of Yordanos Hotel, off Guinea Conakry Street, is named after Itegue Taitu, wife of Menelik II. The second branch, which is expected to open its doors in two weeks’ time in front of Bole Medhanealem Church, off Cameroon Street, is named Queen of Sheba Branch. The third branch office will be near Teklehaimanot Church in Mercato and is named after a woman who is still alive, the renownd humanitarian Abebech Gobena.
With about 7,400 shareholders, Enat Bank, the first women’s bank in Ethiopia, aims to focus on women. 64 percent of the shareholders are women. The bank was launched with an initial capital of 120 million birr, to be raised to 500 million birr in two years time. The bank will be presided by Fasika Kebede, an economics graduate from Addis Ababa University. Before joining Enat, she worked at the Commercial Bank of Ethiopia (CBE) for 24 years. She completed her postgraduate studies at the University of Wales in the UK. Married and a mother of one, she was the bank’s third choice after the National Bank of Ethiopia rejected the nomination of Birtukan Gebrezgi and Brutawit