Ahmed Shide Elected Speaker of Ethiopia's House of Peoples' Representatives

Ahmed Shide, who previously served as Ethiopia's Minister of Finance, has been elected as the new Speaker of the House of Peoples' Representatives. He replaces Tagesse Chafo and will lead the legislative body for a five-year term.

The election was announced on Meskerem 25, 2019 according to the Ethiopian calendar. The transition places a key economic policymaker into one of the country's most senior parliamentary roles.

Shide's appointment comes as Ethiopia continues to implement economic reforms, including the rollout of the Ethiopian Securities Exchange and ongoing adjustments to the financial sector. His background in fiscal policy is likely to draw attention from investors and financial institutions monitoring the legislative agenda.