Fed, Regional Governments Reshuffle Officials

Nov 30 , 2019


Prime Minister Abiy Ahmed (PhD) appointed Ahmed Tussa, former CEO of the Ethiopian Shipping & Logistics Services Enterprise, as director-general of Metals & Engineering Corporation (MetEC). Ahmed was appointed to the Corporation in charge of the industry sector. Along with him, Prime Minister Abiy appointed two more federal officials, effective from November 28, 2019. Alemu Seme (PhD), who was the head of the Oromia Water, Mines & Energy Bureau, was appointed as a sector coordinator for the Democracy Process Development Coordination Centre with the rank of minister. The Oromia Regional State Government also re-shuffled six individuals to different positions. Addisu Arega, who has been serving as head of the ODP's Rural Organisation & Political Department Bureau, was named as a coordinator of social sector with the rank of deputy chief administrator. Chaltu Sani was appointed as a coordinator of the economic sector with the rank of deputy chief administrator, while Kassahun Gofe and Fekadu Tessema were named as head of Oromia Revenues Authority and head of ODP's Party Secretarial Office, respectively. Sadat Nesha and Abera Worku also become head of urban political mobilisation at the office of Oromia’s Democratic Party and head of rural political mobilization at the Party, respectively.


Radar

Abyssinia Bank Strategic Moves Pay Off, Driving Profit Growth

The Bank of Abyssinia (BoA) enjoyed another profitable year, amassing 4.23 billion Br net profits, an increase of 10.5pc from last year. The Bank announced total assets of 222.3 billion Br, surging by 17.3pc. Total deposits mobilised through the year climbed by 33.97 billion Br to 192.51 billion Br, while loans and advances reached 167.7 billion Br. However, the bank exhibited a nominal decline in its foreign currency earnings totalling 424 million dollars. Earnings per share also showed a ma...


Radar

$100m Project Mulls Public Transportation Make-Over

A 100-million-dollar project aims to manufacture over 5,000 diesel-powered and electric public transport vehicles for the capital. The proposed project was launched hoping to replace the ageing vehicles and improve safety, efficiency and quality across the city's urban transport system. Last week saw an MoU inked between executives of Multiverse Enterprise Plc and Addis Abeba Minibus Associations and was held at Vamdas Entertainment near Megenagna. The agreement includes plans to replace 15,000...


Radar

Safaricom Soars with 6.1 million Customers

Safaricom Ethiopia reported significant commercial growth in the first six months of the 2025 fiscal year (April to September 2024), with notable increases in both mobile (GSM) and M-PESA services. The company's network and services reached a population coverage of 46pc, growing from 30pc in the previous year. This expansion was supported by the addition of over 1,000 network sites, bringing the total to more than 3,000 across the country. Safaricom Ethiopia saw a surge in its customer base,...


Back
WhatsApp
Telegram
Email