Nib International Bank appoints Emebet Melese, Ph.D., as their new president. She was the Vice President at the Commercial Bank of Ethiopia (CBE). Melese became the president after the resignation of Genene Ruga.

This new role presented to Emebet Melese is a wave of change in gender inequality as she is the second female to be holding a presidential position in the Ethiopian banking sector. Melkamu Solomon was the interim president before the appointment of Melese. The appointment of Emebet Melese as the new President was approved by the National Bank of Ethiopia (NBE) earlier this week. Emebet Melese comes into this position with 22 years of experience in the banking industry.

During her time at the Commercial Bank of Ethiopia, she worked as the vice president of strategic planning and transformation. Over time, Melese took on more and more duties by herself and became the Vice President of Corporate Quality Assurance.

In a statement released by the board in February, it emphasized its intention to address past issues and implement significant reforms within the bank. One of the key adjustments planned by the board was the reorganization of the bank’s top leadership, based on the findings of an inquiry conducted by the National Bank of Ethiopia (NBE).