Safaricom Telecommunications Ethiopia has elevated Ermias Eshetu to chair its advisory board after he joined the panel earlier this year as the first Ethiopian member. The move advances the mobile operator's strategy to install nationals in top decision-making positions while reinforcing commitments to regional leadership and sustained economic participation.
Eshetu brings more than two decades of institutional transformation experience across African and European markets, having previously led the Ethiopia Commodity Exchange as chief executive and helped establish the country's first nationwide electronic trading infrastructure. His background spans banking sector governance through founding roles at Zemen Bank and directing capital market development programs with FSD Ethiopia and FSD Africa.
Peter Ndegwa transitions from dual board chairmanship duties to focus solely on overseeing the Global Partnership for Ethiopia consortium, which comprises British International Investment, International Finance Corporation, Vodacom, Vodafone, Safaricom, and Sumitomo Corporation. Eshetu assumes responsibility for external company representation and coordinating board effectiveness as the telecommunications provider expands operations throughout the Horn of Africa nation.
Eshetu brings more than two decades of institutional transformation experience across African and European markets, having previously led the Ethiopia Commodity Exchange as chief executive and helped establish the country's first nationwide electronic trading infrastructure. His background spans banking sector governance through founding roles at Zemen Bank and directing capital market development programs with FSD Ethiopia and FSD Africa.
Peter Ndegwa transitions from dual board chairmanship duties to focus solely on overseeing the Global Partnership for Ethiopia consortium, which comprises British International Investment, International Finance Corporation, Vodacom, Vodafone, Safaricom, and Sumitomo Corporation. Eshetu assumes responsibility for external company representation and coordinating board effectiveness as the telecommunications provider expands operations throughout the Horn of Africa nation.
