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Dashen Bank Delivers Third Season Dashen Kefita Entrepreneurship Training in Jimma

Dashen Bank Delivers Third Season Dashen Kefita Entrepreneurship Training in Jimma

Dashen Bank Delivers Third Season Dashen Kefita Entrepreneurship Training in Jimma

Jimma, Ethiopia – Dashen Bank has successfully conducted the third season of its pre-competition entrepreneurship training today in Jimma city. This event marks another milestone in the bank’s ongoing efforts to foster entrepreneurial skills across the country.

In his opening speech, Ato Wondimagegnhu Tariku, Deputy Head of the Jimma Zone Employment and Skills Bureau, emphasized the importance of entrepreneurship in the region. He expressed his gratitude to Dashen Bank for stepping up to support this vital initiative, which aligns with the government’s priority tasks.

Representing Dashen Bank’s Jimma District Office, Ato Shimelis Besha highlighted that this is the first time the third phase of the bank’s pre-competition training is being held at the District Office. He urged participants to seize this valuable opportunity to enhance their entrepreneurial skills.

Ato Tilahun Tenkolu, Director of Dashen Bank’s Dire Dawa District Office, noted the bank’s commitment to corporate social responsibility (CSR) alongside its provision of modern, technology-driven customer services. He stated that Dashen Kefita is among the various initiatives that the bank has launched to support the community.

The first and second phases of the Dashen Kefita Entrepreneurship Competition have already benefitted thousands across different regions of the country. The pre-competition training sessions focus on key areas such as entrepreneurial concept formulation, creative theory preparation, and other related topics, equipping participants with the knowledge and skills needed to succeed in the competitive business environment.

This training is a testament to Dashen Bank’s dedication to empowering entrepreneurs and contributing to the economic development of Ethiopia.

ዳሸን ባንክ በጎፋ ዞን በደረሰው የመሬት መንሸራተት  ጉዳት ለደረሰባቸው ሰዎች 10 ሚሊዮን ብር ድጋፍ አበረከተ

ዳሸን ባንክ በጎፋ ዞን በደረሰው የመሬት መንሸራተት ጉዳት ለደረሰባቸው ሰዎች 10 ሚሊዮን ብር ድጋፍ አበረከተ

ዳሸን ባንክ በጎፋ ዞን በደረሰው የመሬት መንሸራተት ጉዳት ለደረሰባቸው ሰዎች 10 ሚሊዮን ብር ድጋፍ አበረከተ

ዳሸን ባንክ በደቡብ ኢትዮጵያ ክልል ጎፋ ዞን ገዜ ጎፋ ወረዳ ኬንቾ ሻቻ ጎዝዲ ቀበሌ በተከሰተው የመሬት መንሸራተት አደጋ ጉዳት ለደረሰባቸው ሰዎች ድጋፍ እንዲውል የ10 ሚሊዮን ብር ድጋፍ አበርክቷል።
 
የዳሸን ባንክ ዋና ስራ አስፈፃሚ ተወካይና ቺፍ ባንኪንግ ኦፕሬሽንስ ኦፊሰር አቶ ጥበቡ ሰለሞን ዳሸን ባንክ በዞኑ ነዋሪዎች ላይ በደረሰው ጉዳት የተሰማቸውን ጥልቅ ሃዘን በድጋሚ ገልፀው ባንኩ የአካባቢውን ነዋሪዎች ለመርዳት በሚደረገው አገራዊ ጥረት የበኩሉን ድጋፍ ለማቅረብ ስፍራው ድረስ መገኘቱን አመልክተዋል።
 
ዳሸን ባንክ ተጎጂዎችን በዘላቂነት ለማቋቋም በሚደረገው ጥረትም የበኩሉን ድጋፍ እንደሚያደርግ አቶ ጥበቡ ገልጸዋል።
 
የጎፋ ዞን ዋና አስተዳዳሪ ኢንጂነር ዳግማዊ አየለ አጌና ድጋፉን ይዘው በስፍራው ለተገኙ የዳሸን ባንክ ከፍተኛ አመራሮች አደጋው ስላደረሰው ጉዳት ገለፃ ከሰጡ በኋላ ዳሸን ባንክ በአካባቢው ከሚገኘው ቅርንጫፍ ጀምሮ ላበረከተው ድጋፍ ምስጋናቸውን አቅርበዋል።
 
ከዳሸን ባንክ ዋና ስራ አስፈፃሚ ተወካይና ቺፍ ባንኪንግ ኦፕሬሽንስ ኦፊሰር አቶ ጥበቡ ሰለሞን በተጨማሪ የባንኩ ቺፍ ስትራቴጂ ኦፊሰር አቶ ኤልያስ ሁሴን፣ የዳሸን ባንክ ማርኬቲንግ እና ብራንዲንግ ዳይሬክተር አቶ እንዳለ ገብረስላሴ፣ የባንኩ የወላይታ ቀጠና ጽህፈት ቤት ዳይሬክተር አቶ ታዲዮስ ተስፋዬ እና የባንኩ የአርባምንጭ አካባቢ ስራ አስኪያጅ አቶ አማኑኤል አለማየሁ ተገኝተው ድጋፉን አበርክተዋል።
 

 

 

 

 

 

 

 

African Development Bank Approves USD 40 million Trade Finance Transaction Guarantee Facility to Dashen Bank.

African Development Bank Approves USD 40 million Trade Finance Transaction Guarantee Facility to Dashen Bank.

African Development Bank Approves USD 40 million Trade Finance Transaction Guarantee Facility to Dashen Bank.

(Addis Ababa, 09 August 2024) – The Board of Directors of the African Development Bank Group has approved a USD 40 million trade finance transaction guarantee facility to Dashen Bank to support Ethiopia’s Financial Sector Leveraging Dashen’s strategic footprint in Ethiopia. This instrument will provide support to Small and Medium Sized Enterprises (SMEs) and local corporates, to facilitate their import and export trade finance requirements. The facility will also support intra-Africa trade, thus directly contributing to the successful implementation of the AfCFTA agenda.

The Bank will provide a guarantee to Confirming Banks for the non-payment risk arising from the confirmation of letters of credit and similar trade finance instruments issued by Dashen.

A lack of adequate credit lines from international confirming banks has hampered Ethiopian Banks’ ability to support its clients. The facility will support the importation of critical inputs such as fertilizer, pharmaceuticals, solar energy panels, farm machinery and other intermediate goods needed by Ethiopia to revive its agriculture and manufacturing sectors.

The Director General for East Africa, Nnenna Nwabufo, commented “Supporting Trade in Africa is a key priority at AfDB. Trade finance is an important driver of economic growth and is critical for cross-border trade, particularly in emerging markets. We are delighted to work with Dashen, a strong partner with extensive knowledge and network in Ethiopia, on a shared ambition to support the region’s Trade.”

Stringent regulatory and capital requirements and Know Your Customer compliance enforcement have caused many global banks to reduce their correspondent banking relationships in Africa, while some are exiting the market altogether. There is therefore an urgent need for financing to reenergize Africa’s trade, which requires more participation of institutions like the African Development Bank.

Asfaw Alemu, CEO of Dashen Bank, stated “After fulfilling the rigours due diligence requirements of AfDB, we are so delighted that AfDB has approved us a trade finance transaction guarantee facility of USD 40 Million. This is a much needed guarantee facility, which will be instrumental in entertaining our Bank’s trade services across the region and beyond. Moreover, the best practices learned through our engagement and the due diligence exercise passed with the continent’s premier development financier has been invaluable in pursuit of Dashen Bank’s strategic aspirations to be best in class bank in Africa.

He also added that, “We look forward to further strengthen our partnership and seek to benefit more from the resources and extensive capabilities of AfDB and its partners as we endeavor to support Ethiopia’s thriving small and medium enterprises in productive economic sectors including agricultural and manufacturing sectors.”

 

 

 

 

 

 

 

Dashen Bank Inaugurates Shoppers’ and Travelers’ Club Cards

Dashen Bank Inaugurates Shoppers’ and Travelers’ Club Cards

Dashen Bank Inaugurates Shoppers’ and Travelers’ Club Cards

Dashen Bank has inaugurated two new cards, the Travelers club card and the Shoppers’ club card, at its headquarters today with the presence of various stakeholders.

The Travelers Club card is aimed at providing club member customers with financing services that will make their journey seamless.

The Shoppers club card is prepared for frequent shoppers that creates better shopping experience through transaction discounts and financing their purchases of household items.

Both club cards are operated through a club membership debit card and can be opened and operated individually or jointly.

The club accounts that are needed to hold these cards are opened with a minimum initial deposit balance based on the customers’ desired status of membership.

Travelers club members have to deposit ETB 500,000, 1,000,000, 1,500,000, 2,000,000, and 2,500,000 to secure Basic, Blue, Silver, Gold and Platinum Travelers’ Card Club membership respectively.

Shoppers club members have to deposit ETB 50,000, 100,000, 200,000, 300,000 and 400,000 to get Basic, Blue, Silver, Gold and Platinum Shoppers’ Club Card membership respectively.

For members of travelers Club Card, five percent discount on local transactions and purchases from the bank’s partner travel agents, hotels, resorts, and other shopping, recreational and vacation centers. For frequent shopper club members, the bank offers 6% on Basic, 7% on Blue, 8% on Silver, 9% for Gold amd 10% of platinum club account transactions conducted on the bank’s partner and purchases from the bank’s partner travel agents, hotels, resorts, and other shopping, recreational and vacation centers.

The Travelers’ Club Card and Shoppers’ Club Card also create privileged and expedited access to Fly Now Pay Later and DubeAle loans and priority to access the bank’s other customer loan products.

To be eligible for opening both accounts one needs to have valid and renewed ID card, two recent photographs, and optionally tax registration certificate.

 

 

 

 

 

 

Dashen Bank Conducts Third Season Pre-Competition Entrepreneurship Training in Adama

Dashen Bank Conducts Third Season Pre-Competition Entrepreneurship Training in Adama

Dashen Bank Conducts Third Season Pre-Competition Entrepreneurship Training in Adama

Dashen Bank successfully launched the third season of its Dashen Kefeta Entrepreneurship Pre-Competition Training in Adama. This initiative is part of Dashen Bank’s continuous commitment to boosting entrepreneurship skills across Ethiopia.

In his opening speech, Muluken Demise, Director of Dashen Bank’s Adama District, emphasized the bank’s dedication to enhancing this project, aiming to make a significant contribution to job creation nationwide. He urged trainees and others to take full advantage of the opportunities provided by the Dashen Kefeta Entrepreneurship contest and training.

Fasil Ousman, a representative from the Adama Job Creation and Skills Office, expressed gratitude towards Dashen Bank for its persistent efforts in fostering job creation and developing entrepreneurial skills.

The trainees praised the training content and engaged in discussions with the trainers from the Dashen Kefeta Entrepreneurship Contest, focusing on various relevant topics.

The third season of the Dashen Kefeta pre-competition training has been conducted in Hawassa, Mekele, and Adama. It is set to continue in Bahir Dar, Dessie, Dire Dawa, Wolaita, Jimma, and Addis Ababa over the coming weeks.

Participants are expected to submit entrepreneurship proposals to qualify for the competition, which will take place in Addis Ababa.

Dashen Bank has already successfully completed two seasons of the Dashen Kefeta Entrepreneurship Contest, awarding financial prizes and support to previous winners.

 

 

 

 

 

 

Third Phase of Dashen Kefeta Entrepreneurship Pre-Competition Training Held in Mekelle City

Third Phase of Dashen Kefeta Entrepreneurship Pre-Competition Training Held in Mekelle City

Third Phase of Dashen Kefeta Entrepreneurship Pre-Competition Training Held in Mekelle City

The third phase of the Dashen Kefeta Entrepreneurship Pre-Competition Training was conducted in Mekelle City. This initiative is part of Dashen Bank’s ongoing efforts to enhance entrepreneurship skills among young people across Ethiopia.

Dr. Kelali Adhana, head of the Tigray Region Science Technology and Innovation Bureau, highlighted the significance of Dashen Bank’s initiatives in supporting the government’s efforts to reduce unemployment. He emphasized the regional government’s readiness to support Dashen Bank in these endeavors.

Mr. Elias Hussien, Chief Strategy Officer of Dashen Bank, noted that since its establishment, Dashen Bank has been committed to fulfilling its social responsibilities alongside offering modern, technology-assisted, customer-oriented services. He recounted that in the first and second phases of the Dashen Kefeta Entrepreneurship Competition, the bank provided training to thousands of young people across the country to enhance their entrepreneurial skills.

Haile Kassay, director of Dashen Bank’s Mekelle District Office, recalled the previous rounds of the business entrepreneurship competitions organized by the bank, where winners received prizes and financial support. He encouraged participants in the third round to seize this opportunity and strive for success.

The third phase of the Dashen Kefeta Entrepreneurship Competition includes pre-competition training in 10 Centers, with Mekelle City being the latest venue following Hawassa. This initiative underscores Dashen Bank’s commitment to fostering entrepreneurship and contributing to the nation’s socio-economic development.

 

 

 

 

 

 

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