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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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.

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The Development Bank of Ethiopia (DBE) has implemented an administrative change by ousting its top leadership. This follows a boardroom dispute that spilled over into management. Specific details on the individuals affected remain undisclosed in available reports.

The Bank of Abyssinia has achieved a significant performance benchmark in the 2024/25 financial year. This development highlights the bank's growing strength in Ethiopia's competitive banking sector. Details on its balance sheet indicate progress toward top-tier status.

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The Chief Executive Officer of Kenya's Independent Electoral and Boundaries Commission (IEBC), Marjan Hussein, has resigned after 11 years of service. The move follows consultations with senior commission officials, and the IEBC has confirmed that an interim CEO will be announced soon. It comes amid growing pressure from opposition figures and the public ahead of the 2027 general elections.

 

 

 

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