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…


Abiy Carries a Landslide Win

The Council of the ruling EPRDF has elected Abiy Ahmed (PhD) its third chairman today. The candidate from the OPDO, Abiy Ahmed (PhD), has carried a landslide votes of 108…


Parliament Legislates Emergency Decree

Members of Ethiopia’s Parliament have passed a state of emergency declared by the Council of Ministers two weeks ago, during an emergency session. However, the bill has failed to win…


UPDATE: Hailemariam Resigns from EPRDF Chairmanship, For Now

Hailemariam Desalegn’s resignation today is from the chairmanship of the EPRDF, but will amount to his departure from the Prime Minister’s role in due times, according to people in the…


Hailemariam Forms New Administration

Prime Minister Hailemariam Desalegn today formed his new administration after parliament approved his nomination after parliament approved his nomination for the cabinet. The new government will have 26 ministries and…


Small, But Proportionally Significant Results Expected at WTO Summit

The Ninth Ministerial Summit of the World Trade Organisation (WTO) opened in the resort Island of Bali, Indonesia, with the declaration of Indonesia’s Trade Minister that the results expected may…


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