Rahel Kassa has been appointed Deputy Director General of the Ethiopian Capital Market Authority (ECMA), succeeding Esayas Kassa (PhD). Rahel previously served at the National ID Program (Fayda) under INSA and brings over 10 years of experience in legal research, policy development, and institutional reform. Her career also includes roles with the Federal Supreme Court’s justice reform initiative, the Ethiopian Investment Commission, the Ethiopian Technology and Innovation Institute, and the Ministry of Science & Technology (MoST). Esayas, whom Rahel replaces, has been named President of the Development Bank of Ethiopia (DBE), following the removal of Emebet Melese (PhD). His appointment aligns with Ethiopian Investment Holdings’ reform agenda to strengthen governance and ensure state-owned enterprises support national development priorities. Esayas is recognised for his regulatory and policy expertise, having led initiatives to expand the capital markets and promote inclusive finance during his tenure at ECMA. Rahel holds an LLB in Law from Debre Markos University, an MBA in Business Administration and Project Management from Leadstar College of Management and Leadership, and a Master’s in International Studies with a focus on Development Cooperation from Ewha Womans University in South Korea.

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