A leadership change at Ethiopian Electric Utility (EEU) has been implemented by Ethiopian Investment Holdings (EIH) with Shiferaw Telila replaced by Getu Geremew as the new CEO. Shiferaw held the role since 2018. At EEU headquarters, Brook Taye (PhD) stressed the need for quality, corruption-free service and zero blackouts. Acknowledging past service shortcomings, Getu offered an apology to customers and stakeholders. He pledged the company's dedication to improving electricity reliability and quality. The EEU serves 4.9 million customers and plans to add 600,000 more this year. However, financial strain remains a major hurdle. In its first-quarter performance, the Utility covered only 71pc of its expenses. Its total expenditures reached 16 billion Br, including 5.3 billion Br paid to EEP, 938 million Br for loan repayments, and 466 million Br for reconstruction.
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