As Ethiopia works to recover from ethnic tensions and economic challenges, Taye Atske Selassie’s appointment as the country's new leader presents an opportunity to strengthen political institutions and promote national reconciliation.
Yesterday, Ethiopia's two parliamentary chambers elected Taye Atske Selassie as the country's new president. He succeeds Sahle-Work Zewde, who made history in 2018 as Ethiopia's first female president.
Before this role, Selassie served as Ethiopia's foreign minister and was the country's permanent representative to the United Nations. Though the presidency in Ethiopia is largely symbolic, representing national unity without real executive power, Selassie expressed his commitment to serve with dignity. He aims to continue efforts to promote peace and prosperity, both within Ethiopia and across the region.
During his swearing-in, Selassie emphasized his focus on stability. “Ethiopia will continue its efforts towards ensuring peace and security as well as ascertaining mutual prosperity,” he said. His statement comes as the nation recovers from years of conflict and economic hardship.
Ethiopia recently endured several crises, including the COVID-19 pandemic and a two-year civil war in the Tigray region, which severely impacted its economy and social cohesion. The country has also faced natural disasters such as droughts and floods. In December 2023, Ethiopia became the third African nation in three years—after Zambia and Ghana—to default on its debt, further straining its economy.
Prime Minister Abiy Ahmed praised the outgoing president, Sahle-Work Zewde, for her work and highlighted the importance of continuing reforms aimed at strengthening the country's institutions. He also stressed that these reforms are crucial for ensuring the stability needed to address Ethiopia's economic and social challenges.
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...
South Africa pushes faster oil, gas exploration despite legal challenges Environmental groups’ co...
Criminal records and nationality certificates now available online Platform aims to cut delays, costs, and centralize public services Government faces...
Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize power for 4G, 5G rollout and data centers Focus on...
Airline orders 10 Boeing 737 MAX 8 to modernize fleet and boost capacity Deliveries set between mid-2026 and 2027 as part of broader expansion...
Company says climate strategy may be adjusted as global transition lags Strong oil and gas demand continues to shape its outlook No new...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...
Top 50 ranking highlights women across core tourism service segments Tourism contributes $168 billion to GDP and supports over 24 million...