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

At today’s meeting of the Board of Directors, in line with the Directive of the National Bank of Ethiopia it was resolved to appoint Mrs. Meseret Bezabih as Chairperson and Mr. Netsanet Lemessa as V/chairperson of the Board of Directors of Ethiopian-Re.  

 meseret front  Netsanet Lemessa front


(Pictured: Left to Right Mrs. Meseret Bezabih and Mr. Netsanet Lemessa)

Ethio-Re is delighted to announce the appointment of  both figures and very excited that they have accepted the responsibility endowed upon them.Please join us in welcoming the new appointees to the family of Ethio-Re and wishing them every success.

Ethio-Re would like to  also acknowledge the role of the outgoing Board directors and would like to thank all of them for their commitment to support Ethio-Re during the past three years.