The official reason the Vice President in charge of Finance of the Commercial Bank of Ethiopia (CBE, a large State-owned bank), Negussu Gebre Egziabher tendered his resignation was of a purely personal nature.
That CBE statement issued in Addis Ababa to announce his departure stuck to this explanation and didn't even try to address the rumours going round in banking circles that he had been obliged to resign by the bank's executive. In fact, according to our sources, Negussu Gebre Egziabher was in dispute with his superiors about CBE's credit policy, which is overly generous to State organisations and to theEndowmentFund for the Rehabilitation of Tigray (EFFORT), the consortium that gathers companies close to the Tigray People's Liberation Front (TPLF, hard core of the government coalition).
It should be noted that a substantial portion of CBE's credits are made to borrowers of this kind. And they are well known to be unreliable payers!
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written by koster, December 07, 2010
That woyane is looting is already clear but the question is how to free Ethiopia and Ethiopians from looting and killing
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written by Jonte, December 07, 2010
If woyane are in total control of everything like some of you believe, how come that guy that (according to Ogaden.com) helps TPLF is the one that has to re-sign?!
Please try to make some sense, the woyane haters are a bigger joke than woyane.
Hence me calling Woyanes a joke, meaning that I am not a supporter.
Please try to make some sense, the woyane haters are a bigger joke than woyane.
Hence me calling Woyanes a joke, meaning that I am not a supporter.
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