Board Moves to Nominate Replacement for National Election Chair


Board Moves to Nominate Replacement for National Election Chair

A 10-day window to nominate the chairperson for the National Election Board begins this week. In a quest to find a replacement for Birtukan Mideksa, former chair, who resigned citing health concerns, an eight-member recruitment committee was handpicked by Prime Minister Abiy Ahmed (PhD) almost a week ago. Chairing the Board is Tagay Tadele (Kesis) from the Ethiopian Inter-religious Council along with notable names such as Kassahun Follo from the Confederation of Ethiopian Trade Union and Regbe Gebrehawaria from the Human Rights Commission. With a national election scheduled for 2026, this will be the first time the chairperson of the election board has been implemented through the Proclamation ratified five years ago. The nomination process for the seven criteria of Proclamation 1133/2011 will not be public, except for media briefings. Tagay clarified that individuals who meet the criteria can be nominated through a letter, phone, or digital platforms like WhatsApp and Telegram. He explained that nominees will be sifted through until the end of the month, with two final ones submitted to the PM, who will then pass it on to the Parliament.


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Parliament Nods for Cabinet Appointments

Federal legislators have approved five cabinet-level positions last week with a member of Parliament (MP) voted against and two abstentions were counted. Gedion Timotheos (PhD) leads the charge as the new minister of Foreign Affairs, filling in Taye Asqeselassie's shoes, where he stayed briefly before becoming the country's president. With law degrees from Addis Abeba and Central European universities, Gedion was previously Attorney General and Minister of Justice. Joining him in the redev...


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Abyssinia Group Eyes Expansion with IFC Funding

Abyssinia Group of Industries (AGI), a leading East African steel producer, is poised for significant expansion owing to a proposed investment from the International Finance Corporation (IFC) which is considering a financing package of up to 50 million dollars, including parallel loans in local currency. Headquartered in Kenya, AGI operates two steel plants in Ethiopia, six in Kenya, and has mining activities in Uganda. AGI currently produces 660,000 metric tons of steel annually and employs...


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Fitch Acknowledges Easing Financial Pressures, Enhanced Macroeconomic Stability

Fitch Ratings has upgraded Ethiopia's Long-Term Local-Currency Issuer Default Rating (LTLC IDR) to 'CCC+' from 'CCC-', citing easing financing pressures, improved macroeconomic stability, and increased confidence that local-currency obligations will not be part of the ongoing debt restructuring. This positive development comes as the government implements key reforms and secures renewed concessional external financing. The ratings agency has taken note of the introduction of a market-based ex...


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