New Board Leads Policy Bank

Dec 29 , 2018

The Development Bank of Ethiopia received a new board of directors chaired by former senior staff of the United Nations, Tegegnwork Gettu (PhD). Tegegnework replaced Shiferaw Shigute and another six new board members including Yohannes Ayalew (PhD), director of the state think-tank; Tefera Deribew, former minister of Agriculture; Umer Hussien, current minister of Agriculture; and Mesfin Nemera, a former parliamentarian. Tegegnework served as the Under-Secretary-General for General Assembly & Conference Management at UNDP. Before joining the UN, he was an academic staff member at Columbia University, the University of Rochester and Addis Abeba University. The policy bank was established in 1909 and received its current corporate structure a decade and a half ago.



A street lamp around Addis Abeba Stadium melds into the concrete backdrop emblematic of the capital's ageing infrastructure. Over the past few years, Ethiopia's electric grid has been subject to destruction and theft, subjecting the public treasury to hundreds of millions in losses. Nearly half of the country's population does not have access to electricity. A series of projects by the World Bank has contributed to the slight but essential upgrade to the nation's grid, including a 500 million do...



A trio of donkeys drag along the main road in front of Menlik School around the Arat Kilo area. While the four-legged domestic animal is a venerated member of the Ethiopian labour force, its skin and meat are increasingly valued in the international markets. Rhong Chang, a donkey slaughterhouse operating in Assela Town, Oromia Regional State reopened its services after a seven-year break two years ago. Public outroar has often accompanied the entrance of donkey abattoirs into Ethiopia since anot...



A bustling market emerges under a bridge in the boroughs of the Bole Michael area. Addis Abeba City Administration has launched a series of aesthetic initiatives embalmed in themes of beautification and urbanisation that have removed thousands of shops built with makeshift tents. Above a quarter of Addis Abeba's labour force is engaged in the informal economy, which while often associated with connotations of illegality, remains a sizeable employer in emerging economies across the world. Calibra...