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Electric Power Welcomes New Boss

Feb 22 , 2020

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The board of directors of Ethiopia Electric Power (EEP) has selected Asheber Balcha to be the company's new CEO. He will be replacing Abraham Belay (PhD), who was recently appointed Minister of Innovation & Technology. Asheber received his MSc in international business from Greenwich University and took additional courses on sustainable energy engineering at KTH, a Swedish university. Asheber brings extensive experience to the position. He has served the EEP for the past 16 years in a variety of capacities, most recently as CEO of  Hydropower Projects. He has worked with Bedele Brewery, the Tekeze Hydropower Project and the Geba Hydropower Project. Abraham Belay is stepping into the minister post formerly held by Getahun Mekuria (PhD), who is leaving to serve as the Minister of Education.

Radar

Milkii App Disburses 25 Million Br in Collateral-Free Loans in Two Months

Oromia Bank's new collateral-free digital lending app, Milkii, has disbursed 25 million Br in loans without requiring collateral. Of this, 16 million Br has already been repaid, generating 1.4 million Br in revenue within just two months. Developed in partnership with Quantum Technology PLC, the app plans to make lending more accessible and inclusive, aligning with Oromia Bank's contribution to the Digital Ethiopia initiative. According to a press release, Milkii promotes financial inclusi...

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Ethiopia Partners with UK to Ease Shipping Bottlenecks

The Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) and the British International Freight Association (BIFA) signed a memorandum of understanding (MoU) on May 27, 2025, at Hyatt Regency Addis Abeba, to address skills gaps, customs delays, and corridor inefficiencies in the freight and logistics sector. The partnership focuses on technical cooperation, training, and regulatory reform. With over 90pc of trade dependent on the Djibouti corridor, rising congestion, customs...

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Radar

Education Authority Sanctions Mishqen College for Rule Violations

The Education & Training Authority has issued a decisive directive last week, mandating legal action against Mishqen College for persistently defying regulatory orders and unlawfully continuing to offer higher education services. Mishqen College had previously been licensed to conduct undergraduate distance learning programs across multiple regions from 2019 to 2022. However, after serious regulatory breaches, the institution was ordered to cease all instruction, complete pending academic...

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