In a significant move for the nation’s private sector, Jemal Ahmed, the Chief Executive Officer of MIDROC Investment Group, has been elected as the President of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA). The election, organized under the auspices of the Ministry of Industry, marks a new leadership chapter for the country’s oldest and most influential business advocacy group.
Joining the leadership team is the prominent investor Belayneh Kinde, who was appointed as the Vice President. The selection of these two high-profile figures follows a rigorous vetting process designed to ensure that the chamber is led by individuals with significant industrial “skin in the game.” Their appointments come at a critical time as Ethiopia continues to reform its economic landscape.
The election was conducted based on strict new criteria recently introduced by the Ministry of Industry. To be eligible for these top positions, candidates were required to demonstrate substantial economic impact, including a minimum personal or corporate capital of one billion Birr and the ownership of at least two operational factories.
Ato Jemal and Ato Belayneh secured their positions by successfully meeting these stringent benchmarks, outperforming several other candidates who vied for the roles. The Ministry’s decision to implement such high entry barriers aims to ensure that the chamber’s leadership possesses the practical experience and financial stature necessary to represent the interests of major industrial players.
Industry analysts and members of the business community have expressed optimism regarding the new appointments. It is widely expected that under the guidance of these seasoned executives, the Ethiopian Chamber of Commerce will bridge the gap between the private sector and government policy, ultimately steering the nation’s trade and industrial sectors toward a more competitive and prosperous era.