#LettertoEditorial Dear Mr. Editor, I have noted the joint statement by my colleagues, Danish Ambassador Ms....

Amhara Bank has taken a major step toward joining Ethiopia’s developing capital market, following...

The Ethiopian Investment Holding (EIH), the national sovereign wealth fund, is implementing a systemic leadership overhaul across its portfolio of public enterprises, signaling a decisive shift from traditional governance models. Under the direction of CEO Brook Taye, the reforms target board compositions and executive management structures to align with stricter corporate governance standards and enhance commercial performance. The restructuring is grounded in Ethiopia’s Public Enterprises Proclamation, which mandates that one-third of board members in State-Owned Enterprises (SOEs) be qualified independent directors. EIH is acting as an “active owner” to enforce these standards, moving beyond the passive oversight historically characteristic of public enterprise governance. “Corporate governance is the pivotal factor that will drive public enterprises toward profitability,” stated CEO Brook. He emphasized that EIH expects strong financial and operational outcomes from the entities under its purview, ensuring they...

Oromia Bank has posted the highest earnings in its history, recording a 155 percent...

In a major milestone for Ethiopia’s financial sector, EthSwitch S.C., the national payment switch,...

National dialogue is supposed to be a forum for truth-telling — a bridge between wounds of the past and...

Walk into almost any government office, company boardroom or community meeting in Ethiopia and one unsettling pattern appears quickly:...

The Horn of Africa stands precariously at the edge of escalating chaos amid a complex web of conflict, political...

The recent rise in tensions between Ethiopia and Eritrea serves as a stark reminder of the precarious state of...