A high-level #delegation from the Ethiopian Reinsurance Company (Ethio Re) paid a courtesy call to the ZEP-RE (PTA Reinsurance Company) Managing Director & CEO, Ms. Hope Murera at the head office in Nairobi, Kenya today.

pta re 1

The Ethio Re #team was led by the Chief Executive Officer Mr. Dawit G/Amanuel, accompanied by Mrs. Meseret Tilahun, EO, Operations, and the Executive Officer, Strategy & Business Development, Mr. Fikru Tsegaye.

pta re 2

Messrs. Jephita Gwatipedza, Chief Operating Officer, and Bernard Katambala, Regional Director, Eastern Africa Hub, joined by Ms. Miriam Magala, Company Secretary and Head of Legal & Regulatory Affairs were part of the host delegation that joined ZEP-RE's CEO at the meeting.

pta re

The discussions centered primarily on the ZEP-Ethio Re business #partnership and ways to establish a mutual #framework governing the #strategic #collaboration between the two entities.


 Academic Qualifiations

MBA- Accounting and Finance, Saint mary University, Addis Ababa , Ethiopia
BA-Marketing Management , Addis Ababa University, Addis Ababa, Ethiopia .
Work Experiance,- Over 21 years of experience holding Managerial and Top Executive positions in Commercial Bank of Ethiopia(CBE).
Currently, he is working as V/p Finance at CBE.

Ethio-Re condcuted its 7th Annual Ordinary General Meeting of Shareholders  in accordance with Articles 366,367,370,371 and 372 of the Commercial Code of Ethiopia, Proclamation Number 1243/2021 and Articles 9 and 10 of the Company’s Articles of Association as well as the relevant Directives of the National Bank of Ethiopia, at Hilton Hotel Addis Ababa.      

The Agenda for the 7th Annual Ordinary General Meeting were:

  • Appointment of Vote Tellers;
  • Approval of the Meeting Agenda;
  • Approval of Share Transfers and New Shareholders who acquired shares in 2021/22;
  • Consideration and approval of the 2021/22 Annual Report of the Board of Directors;
  • Consideration and approval of the 2021/22 Annual Report of External Auditors;
  • Deliberation on and approval of the proposed appropriation of 2021/22 profits;
  • Approval of Auditors' fee for 2022/23;
  • Approval of Annual Compensation and a monthly allowance of the Board of Directors;
  • Approval of the minutes of the meeting.

Ethiopian Reinsurance S.C a.k.a. Ethio-Re would like to announce that Global Credit Rating (GCR) Affirms Ethio-Re initial international and national scale financial strength ratings of B- and AA (ET), respectively with a stable outlook, for second time in 2022