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.
Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...
Nigerian fintech Paystack launches Paystack Microfinance Bank Bank created after acquiring ...
Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...
Nigeria granted Amazon Kuiper a seven-year license starting February 2026 The move opens comp...
Tether partnered with the United Nations Office on Drugs and Crime to strengthen digital asset cyb...
Amazon plans to launch satellite internet services in South Africa in 2026 Project would rely on partnerships with local operators, unlike Starlink’s...
Opaia launches plant with capacity of 22,000 vehicles a year Factory to assemble cars, utility vehicles, and 1,000 buses Project expected to...
Regional growth outlook revised up by 0.2 point from October forecast Nigeria growth raised, South Africa also revised slightly...
MINGO has signed a deal with African Boxing to deliver ticketing across 54 countries, becoming the main boxing events platform. Counterfeit...
Ambohimanga is a hill located about twenty kilometres northeast of Antananarivo, in Madagascar’s Central Highlands. It holds a central place in the...
Bamako hosted the first International Festival of African Documentary (FIDAB) from January 16 to 18, 2026, screening 12 African films. UNESCO...