Addis Ababa, Ethiopia — November 2025
Ethiopian Reinsurance S.C. (EthioRe) is pleased to announce that the National Bank of Ethiopia (NBE) has granted full approval for its Board of Directors. This marks a significant milestone in EthioRe’s ongoing commitment to excellence in corporate governance and strategic leadership.
Approved Board of Directors
- Mr. Dagnachew Mehari – Chairperson (Representing Bunna Insurance S.C.)
- Mr. Yonas Belay – Vice Chairperson (Representing Self)
- Mrs. Meseret Bezabih – Director (Representing Self)
- Mr. Belay Gorfu – Director (Representing Nib Bank S.C.)
- Mr. Kelebessa Kera – Director (Representing Self)
- Mrs. Zufan Abebe – Director (Representing Nib Insurance S.C.)
- Mr. Birhanu Belayneh Fufa – Director (Representing Self)
- Mr. Endalkachew Zelekew – Director (Representing Self)
- Mr. Tefera Wondimu W/Mariyam – Director (Representing Self)
The approval from the NBE reaffirms EthioRe’s commitment to strong governance, transparency, and sustainable growth. With the new Board in place, EthioRe continues to strengthen its position as the reinsurer of choice in Africa and beyond.