Ex-CBE Executive Takes Helm at Bunna Bank


Regulators at the National Bank of Ethiopia (NBE) have approved the appointment of Mulugeta Alemayehu, former vice president of the state owned Commercial Bank of Ethiopia (CBE) as the new…


Investment Commissioner Tenders Resignation

Belachew Mekuria (PhD), chief of the Ethiopian Investment Commission (EIC), has tendered resignation from office after serving for four and half months. Belachew was appointed as the commissioner on April…


PM Abiy Appoints Senior Adviser on Policy Reforms

Prime Minister Abiy Ahmed (PhD) has assigned Mamo Mihretu, a senior project manager at the World Bank, as his senior adviser on Policy Reforms and Ethiopia’s chief trade negotiator. Mamo has more than 16…


Air Traffic Controllers to Strike

Air traffic controllers at the Ethiopian Civil Aviation Authority have declared a strike to begin on Monday, August 27, 2018. The employees are requesting salary adjustments and improved benefits packages. Ethiopian Airlines…


Chief Engineer of GERD Found Dead in Car

Simegnew Bekele, chief engineer and the lead project manager of the Great Ethiopia Renaissance Dam (GERD), was found dead in his car at Mesqel Square in Addis Abeba today. The…


Premier Appoints Girma Birru to Chair Central Bank Board

Prime Minister Abiy Ahmed (PhD) has appointed Girma Birru, a competent and old hand in macroeconomic management, to chair the board of directors of the National Bank of Ethiopia (NBE),…


Ethiopian to Resume Flights to Asmera Next Week, in Two Decades 

The Ethiopian Airlines is to resume commercial flights to Asmera, which will be the first in two decades. The decision  appears to come after a high level Ethiopian delegation led…


Haileyesus the New Head of State Policy Bank

The Development Bank of Ethiopia (DBE) gets Haileyesus Bekele, vice president of Credit Management, as its new president as of today July 4, 2018. Haileyesus replaces Getahun Nana, who in…


State Largest Bank Gets New Head

The state owned Commercial Bank of Ethiopia (CBE) gets a new President in Bacha Gina, vice-president of the Cooperative Bank of Oromia (CBO). Bacha replaced Bekalu Zeleke, who has been…


Eritrea’s Delegation Due to Addis Today

Eritrea’s peace envoy, led by Yemane Gebreab, is due to Addis Abeba today, along with Osman S. Mohammed, foreign minister. Addis Abeba is warming up to host its rare guests,…


Shiferaw Shigute Resigns from SEPDM

The Southern Ethiopian Peoples’ Democratic Movement (SEPDM), a coalition member of the ruling EPRDF, has seen the removal of Shiferaw Shigute from his position as chairman, replaced by Muftiha Kemal.…


Yinager, Bekalu Most Likely Candidates to Lead Central Bank

Prime Minister Abiy Ahmed (PhD) is strongly considering to appoint Yinager Dessie (PhD) to the Governor of the Central Bank, replacing Teklewold Atnafu, people close to the Prime Minister Office…


Prime Minister Abiy Reshuffles MeTEC Board

Prime Minister Abiy Ahmed has reshuffled directors of the board of the state-owned Metals & Engineering Corporation (MeTEC), appointing Ambachew Mekonnen (PhD), minister of Industry, as its third chairman, sources…


Ministry Recalls Diplomats

The Ministry of Foreign Affairs (MoFA) has recalled Ethiopia’s ambassador to Saudi Arabia in Riyadh and consul general in Jeddah. Amin Abdulkadir and Wubshet Demise, ambassador and consul general, respectively,…


DEVELOPING STORY: Ahmed Shidie New Communications Affairs Minister

Ahmed Shidie, minister of Transport, is to be appointed as the Government Communications Affairs Minister, unlike our report yesterday that it would be Meles Alem. Prime Minister Abiy Ahmed (PhD)…


Premier to Reshuffle Cabinet, Speaker to Change

Abiy Ahmed will have an appearance before MPs tomorrow, the first since parliament confirmed him as a Prime Minister on April 2, 2018, Fortune confirmed. The motion before Parliament has…


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The rapprochement between Ethiopia and  Eritrea has led to the signing...


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The Revolutionary Democrats concluded their council...


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