October 24, 2026
Addis Ababa
Ethiopia
Metemamen Microfinance S.C. successfully held its 18th Ordinary and 12th Extraordinary General Assembly Meetings of Shareholders on October 24, 2026, at the Adwa Victory Memorial Hall in Piassa, Addis Ababa. The meetings brought together shareholders and their representatives to review the institution’s performance, deliberate on key corporate matters, and make important decisions concerning its continued growth and development.
The General Assembly reviewed the institution’s performance for the financial year ended June 30, 2026. The Board of Directors chairperson Ato Bekele Moges presented its annual report, highlighting the institution’s operational and financial performance, major achievements, challenges, and progress in expanding access to financial services. The external auditor Tesfaye Teferi Anbesse chartered certified accountants also presented the audited financial statements for the reporting year, providing shareholders with an overview of the institution’s financial position and performance.
Following the presentations, shareholders engaged in constructive discussions, raising questions and providing comments on the institution’s performance and future direction. The Assembly approved the Board of Directors’ annual report and the external auditor’s report. It also deliberated on and approved the proposed allocation and distribution of net profit for the financial year, along with matters concerning the payment commitments of existing shareholders.
The 12th Extraordinary General Assembly addressed the proposed change of the institution’s head office address. Following deliberations, shareholders approved the proposal in accordance with the agenda presented to the Assembly.
Both meetings successfully accomplished their respective agendas, with all matters presented for consideration duly discussed and approved. The proceedings concluded with the reading and adoption of the minutes of the Ordinary and Extraordinary General Assembly Meetings by Metemamen Board Secretary Ato Biruk Chanyalew.
