by Engidu Woldie ESAT News (June 1, 2018) The governor of the National Bank of Ethiopia (NBE) has given illegal loan guarantees to the Endowment Fund for the Rehabilitation of Tigray (EFFORT), a business conglomerate owned by the ruling TPLF. According to ESAT sources at the National Bank of Ethiopia, the Governor, Teklewold Atnafu, has given several guarantees of upto ...

By Engidu Woldie ESAT News (May 31, 2018) Ethiopia’s foreign reserve is at an all time low, only enough to cover imports for two weeks. Although not yet official, ESAT sources said the Prime Minister has made a decision to remove the Governor of the National Bank of Ethiopia, Teklewold Atnafu. According to reports reaching from Addis Ababa, the Deputy ...