A long-serving vice president at the Development Bank of Ethiopia (DBE) has stepped down, continuing a series of leadership transitions at the institution following the recent ousting of top executives over a boardroom dispute.
According to Addis Fortune, a leading Ethiopian business publication, the unnamed vice president has departed from their role. This development comes shortly after DBE's dismissal of top leadership amid internal management disputes earlier in December. As one of Ethiopia's primary development banks funding key projects, these ongoing changes may influence the institution's direction and operations.