Electric Power Welcomes New Boss

Feb 22 , 2020


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.


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Ethiopian Seafarers Contribute $50m Annually in Remittances

Ethiopian Maritime Authority disclosed 50 million dollars in annual remittances from seafarers deployed internationally. Abdulber Shemsu, the director general of the Authority, said Ethiopia's membership in the International Maritime Organisation (IMO), establishes global standards and guidelines for safe, secure, and environmentally sustainable shipping practices. With 176 member countries and three associate member countries, including Ethiopia, the IMO provides a framework for ensuring...


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AfDB Launches $1.5m Initiative to Propel Agro-Industrial Parks

A 1.5 million dollar initiative for the development of three Agro-industrial parks was commenced last week. Financed by the African Development Bank (AfDB), the project includes feasibility studies, a master plan, and an environmental and social impact assessment. The Phase Two project, which includes capacity building for stakeholders, was initiated last week with an agreement between Semereta Sewasew, state minister for Finance and Gunther Beger, managing director of UNIDO. Semereta said...


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Cabinet Approves Public Service Legislation

Council of Ministers has unanimously approved the legislation that aims to raise the competency and professionalism of public service in the country. The Federal Civil Servants Proclamation is pending ratification from Parliament. The decision was made during the 30th meeting of the Cabinet last week, which follows the ratification of the public service and administrative policy. Currently, the 176 federal agencies within 22 ministries, collectively employ around two million people. The polic...


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