A former senior staff for the United Nations has been appointed to chair the state owned but troubled bank, the Development Bank of Ethiopia (DBE).
Tegegnework Gettu (PhD), former regional director at UNDP, has replaced Shiferaw Shuigute as a chairperson, after receiving a letter of appointment signed by Beyene G. Mesqel, director general of Public Enterprises Holding & Administration Agency. The letter was issued today, December 25, 2018.
Along with Tegegnework, six new boards of directors were appointed, including Yohannes Ayalew (PhD), director of the state think-thank; Tefera Deribew, former minister of Agriculture; Umer Hussien, current minister of Agriculture; and Mesfin Nemera, a former parliamentarian.
Tegegnework has served as the Under-Secretary-General for General Assembly & Conference Management at UNDP. Before joining the UN, he was a fellow at Columbia University, assistant professor and lecturer at the University of Rochester, Hunter College and the Addis Abeba University. He holds a PhD and a Master’s degree in politics and economics, and international relations.
Sileshi Lemma, director general of Textile Industries Development Institute; Wondu Legesse, former director general of the Ethiopian Leather Industries Development Institute; and Tewodros Gebregziabher, former state minister of Mines were among the former board members of the Bank. The bank, which was established in 1909, gets its current corporate form in 2003.