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[Oct 2017] Access Capital Services S.C Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Zemen Bank to award 10 mil birr to Ermias Amelga by court ruling

Justices at the appellate court of the highest instance have dismissed an appeal by Zemen Bank to overrule a Supreme Court award of over 10 million Br to Ermias Amelga and Tekle Almeneh, founding shareholders of the Bank.

The Cassation’s ruling concludes the judicial litigation once and for all which was taken to the Federal High Court   on December 20, 2012. The case was started on February 07, 2012, when the two founders demanded the Bank to give them its 10pc of profit from the previous two years, along with a

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Access Capital Bursts Back on the Scene, Keeps Ermias as a Chairman

Ermias Amelga Latest News Access Real EstateAfter three years of silence, the contentious Access Capital Services S.C. has voted for the embattled Ermias Amelga to continue as a board chairman of the company. The move comes a year and a half after the Board of Directors of Access Real Estate had removed him from the same position.

Access Capital Services has also installed new faces in

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Federal High Court Orders New Audit in Access Real Estate Case

The Federal High Court ordered a new audit for Access Capital Services S.C. in the 88 million Br case filed against it by Access Real Estate (ARE) 17 months ago.

The presiding judge of the Eighth Civil Bench, Birhanu Mengistu, made the ruling on July 1, 2015, in the absence of the attorneys of both litigants, Tilaye Tegegne and Mekonen Aregay the respective lawyers of ARE and Access Capital Services S.C.

Ermias T. Amelga is founder of both companies. Becoming operational in 2007 Access Capital Services is an

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