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

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...


Radar

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...


Radar

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...


Back
WhatsApp
Telegram
Email