Dr. Taffara Deguefé was born in the hamlet of Genda-Wuha, Ankober district, Northern Shoa, Ethiopia on June 15, 1926.
At the age of seven, Taffara was sent to Addis Ababa to start his schooling with a priest. In 1934, he was enrolled in l’Alliance Française..Due to the Italian invasion of Ethiopia in 1936 his studies were interrupted. During the following five years of the Italian occupation, he discovered he had an ear for languages and learned to speak and gradually read both Russian and Italian. On March 1, 1944, at the age of 18, Taffara began his first job as a filing clerk with the State Bank of Ethiopia.
In 1945 he was sent to the Haile Selassie I Secondary School in Kotobe to supplement his sketchy education. Taffara was then sent to Canada to pursue his studies.
In 1946 arrived in Calgary, Alberta to study accounting and secretarial courses at the Garbutt Business College. After obtaining commercial diplomas in one year, he enrolled at the University of British Columbia and graduated with the degree of Bachelor of Commerce. He applied himself to law at both UBC and at the University of Michigan Law School in Ann Arbor before returning to the State Bank of Ethiopia as an attorney in 1952. He maintained his study and in 1955 he took his diploma in law from University College of Addis Ababa.
In 1955, his was appointed as Director General of Civil Aviation. His job included expanding the activities of the national airline outside Ethiopia, converting grass fields to serve as small airports in the towns of Gore, Debre Marcos, and Motta, and designing and delivering training programs for both Ethiopian Airlines and Civil Aviation.
In 1958, Taffara was appointed manager of the newly created branch of the State Bank of Ethiopia, in Khartoum. In 1961, he was promoted to the position of Manager of the State Bank of Ethiopia - the first Ethiopian to hold this position. Taffara was appointed the chief executive of the Commercial Bank. By 1974, the bank had grown to a total of 100 branches and was internationally recognized as the leading financial institution in the country.
Taffara became an active participant in many organizations and served as President of the Ethiopian Chamber of Commerce, Honorary Treasurer of the Ethiopian Red Cross Society, Honorary Consul General of Norway, amongst others. He still is a dedicated Rotarian. He also served as the Chairman of the Ethio-Dutch Sugar Company, and as the Financial Controller of the Franco- Ethiopian Railway Company, Taffara was appointed Governor of the National Bank of Ethiopia. During the rule of the military dictatorship in Ethiopia he was arrested and put under political detention for five years and seven months. He left Ethiopia in 1982 and has lived in voluntary exile ever since.
From 1982 to 1994, he worked as a financial adviser and banking consultant in Swaziland and Zimbabwe. He retired to Vancouver in 1994 at the age of 68.
Over the last 20 years he returned several times to Ethiopia as a guest for the inauguration of private banks, anniversary celebrations, and international meetings. He has also participated in conferences organized by the Intra-Africa Group at the in Africa Hall or the U.N. Conference Centre.
Tafarra loves reading and collected an extensive library composed of books in Amharic, English, French, Italian, and Russian. In addition to contributing articles to trade and professional journals, he was a frequent speaker at international banking and economic forums. In 1959, he published an essay on Capital Formation in Ethiopia under the auspices the Addis Ababa University College which received favourable reviews.
He is also the author of three books, A Guide to Service - a collection of speeches; A Tripping Stone - an Ethiopian prison diary; and Minutes of an Ethiopian Century - recollections of key events in Ethiopia and a life of service.Taffara has been the recipient of many awards and decorations including the medal of Grand Officer of the Order of Menelik, the Order of Merit of the French Republic, and the medal of Knight of the Royal Norwegian Order of Merit. In 1974, he was granted a Doctor of Laws, honoris causa by the University of British Columbia.
Bikila Award congratulates Dr. Taffara Dequefe for being selected as the 2014 Life Time Award Winner for his distinguished contribution to the Development of Banking Services in Ethiopia and his Exemplary Life Experiences.