DBE appoints five new vice presidents following leadership transitions

The Development Bank of Ethiopia (DBE) has appointed five new vice presidents as part of ongoing efforts to strengthen its leadership amid recent transitions, including the departure of a long-serving executive.

This appointment follows a series of leadership changes at DBE, such as the December 2025 ousting of top executives over internal disputes and the subsequent departure of a long-serving vice president. The move aims to bolster the bank's organizational structure and enhance its role in Ethiopia's economic development financing. Details on the new appointees or precise appointment dates were not disclosed.

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National Bank of Ethiopia Governor Dr. Eyob Tekalgn said the country's economic reforms align with development partners and were carried out using domestic capacity and technical support. He made these remarks on a capacity-building panel at the World Bank and IMF 2026 Spring Meetings in Washington DC.

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The World Bank states that Ethiopia's government development enterprises have shifted from budget burdens to job opportunities. A new report details reforms turning these entities into efficient revenue generators.

Central Ethiopia region administrator Endashaw Tasew announced that peace and development initiatives led by the Prosperity Party will continue with greater strength.

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