Dr. Befekadu Degefe, a founding member and esteemed leader in the field of economics, passed away on January 9, 2025, leaving behind a profound legacy that has impacted both Ethiopia and the broader international community.
As the 4th President of the Ethiopian Economics Association from 2000 to 2004, Dr. Befekadu played a pivotal role in shaping economic discourse in the country. His dedication as a scholar, mentor, and policy advisor inspired countless individuals to pursue excellence in economics and contribute meaningfully to Ethiopia’s development.
Dr. Befekadu was known for his passion for advancing economic thought and his unwavering commitment to fostering growth within the field. His mentorship guided many young economists, instilling in them values of integrity, rigor, and dedication.
In a statement reflecting on his passing, colleagues expressed profound sadness, stating, “An esteemed colleague, mentor, and friend has left us. Our heartfelt condolences go out to his family and all who had the privilege of working alongside him.” They vowed to honor his memory by continuing to uphold the high standards he set throughout his career.
Dr. Befekadu’s legacy is characterized by his tireless efforts to promote economic understanding and policy development in Ethiopia. His influence will continue to resonate as future generations of economists strive to carry forward his vision for a prosperous and equitable society.
