NBE Rejects Global Bank’s Presidential Nominee Amid Liquidity Probe
Regulators have rejected Global Bank SC’s nominee for acting president amid an investigation into financial irregularities at the bank. Last month, Global Bank’s board submitted its nomination of Sahlemichael Mekonen as acting president to the National Bank of Ethiopia (NBE) following the suspension of former president Tesfaye Boru (PhD) in the wake of an...