Public Management

Taye Atske Selassie Becomes Ethiopia's New President, Succeeding Sahle-Work Zewde

Taye Atske Selassie Becomes Ethiopia's New President, Succeeding Sahle-Work Zewde
Tuesday, 08 October 2024 20:18

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.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
South Africa’s Happy Pay raises $5 million to expand BNPL services Funds to boost partnerships, technology, and fraud prevention...
Boston Consulting Group estimates Africa’s creative exports could reach $140–150 billion by 2030. The sector currently generates $59...
Ivory Coast outlined eight budget priorities focused on reforms, performance, and revenue mobilization. Authorities aim to complete the IMF-backed...
(SOUTHBRIDGE) - SouthBridge Investments announced its selection, for the second time, as an Emerging Impact Manager (EIM) in the ImpactAssets 50® (IA 50)...
Most Read
01

Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...

Telecel Ghana plans 150% investment increase in MTN-dominated market
02

Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...

Namibia and Russia Expand Economic Cooperation Across Key Sectors
03

Four years after Russia’s 2022 invasion of Ukraine, the fertilizer market is facing a new shock as m...

Hormuz Tensions Rattle Fertilizer Markets, Adding Pressure to Global Food Supply
04

Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...

Cameroon Signs $1.5 Billion Waste-to-Energy MoUs Amid Urban Sanitation Strain
05

Côte d’Ivoire raises 110bn CFA francs, meeting full target Investor demand hits 291bn CFA fra...

Côte d’Ivoire Raises $193 Million as Banks Drive Demand for Short-Term Bills
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.