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Ethiopian Airlines Group CEO, Tewolde GebreMariam, forced into retirement after decade-long career

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The Group Chief Executive Officer of Africa’s biggest airline, Ethiopian Airlines, Mr. Tewolde GebreMariam has retired to focus on his personal health issues which have kept him from work for six months.

The announcement of his retirement was made through a statement made available to the media on Wednesday. The Airline said, “he is unable to continue leading the airline as a Group CEO, a duty that demands closer presence and full attention round the clock”.

According to the statement, “Mr. Tewolde GebreMariam requested the Board of Management of Ethiopian Airlines Group for early retirement in order for him to focus his full attention on his medical treatment. The Board, in its ordinary meeting held on Wednesday, March 23, 2022, has accepted Mr. Tewolde’s request for early retirement.”

“Mr. Tewolde led the Airline for over a decade with remarkable success reflected in its exceptional performance in all parameters including but not limited to exponential growth from one Billion USD annual turn-over to 4.5 Billion, from 33 airplanes to 130 airplanes, and from 3 million passengers to 12 million passengers (pre-COVID).” The statement reads further.

Ethiopian Airlines, formerly Ethiopian Air Lines (EAL), is Ethiopia’s flag carrier and is wholly owned by the country’s government. Scholars of Public Administration and aviation experts have referenced the remarkable successes of Ethiopian Airlines as standard for the management of the public enterprise in the continent.

The Airline says it would announce the new Group CEO and successor to Ato Tewolde GebreMariam shortly, meanwhile, Mr. Girma Wake, the former CEO of Ethiopian Airlines, has been appointed recently as a new Chairman of the Board of Management of Ethiopian Airlines Group by the Ethiopian Public Enterprises Holding & Administration Agency.

 

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Nigerien President, Mohamed Bazoum wants employment quotas for African immigrants

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Niger’s President Mohamed Bazoum wants employment quotas for African immigrants tailored to job needs from European countries.

President Bazoum made the position in an interview with an Italian newspaper, La Repubblica. on Friday.

The president’s argument is that the quota will address European countries’ needs for its labour market and could help resolve the problem of illegal migration and human trafficking.

“In France, Spain, and Italy you have many jobs in sectors of employment where Africans can work,” Bazoum said.

“These numbers need to be established, country by country, and then the consulates entrusted with the responsibility of enforcing them.”

Surveys of African migrants in or heading toward Europe reveal that the majority were either employed or in school at the time of their departure. Yet, they felt despair over their economic prospects.

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IMF Chief, Ceyla Pazarbasioglu, to visit China over Africa’s growing debt profile

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As the debt profile of many African countries continues to rise, the International Monetary Fund strategy chief, Ceyla Pazarbasioglu will travel to China next week for another high-level meeting.

Her travel is part of efforts to press the world’s largest sovereign creditor for quicker progress on debt restructurings for countries in need.

The IMF chief had called for debt restructuring arrangements for Zambia and Chad to be completed shortly.

Pazarbasioglu said it was critical to move forward and that “outreach to China next week is very important, at the highest levels.”

“It’s moving – very slowly, but it’s moving,” Pazarbasioglu said, noting that the participation of mining company Glencore Plc in the Chad treatment was also “a very good sign” that “even the most difficult private sector participants” were participating.

She said the Paris Club of official bilateral creditors had taken years to hammer out their debt relief processes, and China was learning, although she noted that the debt issues facing borrowing countries now were acute.

“The problem we have is that we don’t have that time right now because these countries are very fragile and dealing with debt vulnerabilities,” she said. “What we need is speed.”

Pazarbasioglu said the IMF would continue to press for changes to the Common Framework, including a freeze in debt payments when countries apply for a debt treatment, as well as clearer procedures and timelines for action, and ensuring comparable treatment for private creditors.

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