Jemal, Belayneh Take Helm of Ethiopia’s Chamber of Commerce

The election, which took place following a competitive selection process organized by the Ministry of Industry, also saw the appointment of prominent investor Belayneh Kinde, Chairman of the Board of Directors of Belayneh Kinde (BKG), as Vice President.  

The election was governed by a set of stringent new requirements introduced by the Ministry of Industry last month. These criteria were designed to ensure that the chamber’s leadership possesses significant investment history regarding Ethiopia’s industrialization goals. To qualify for the presidency, candidates were required to demonstrate a minimum registered capital of 1 billion birr and ownership of at least two active manufacturing factories.  

The appointment of Jemal is expected to bring a corporate and results-driven approach to the Chamber. As the CEO of MIDROC—one of Ethiopia’s largest and most diversified conglomerates—his leadership is anticipated to bridge the gap between large-scale industrial players and government policy-makers.    

Critics and observers note that while the new capital requirements ensure high-level expertise, they also narrow the field of potential leaders to Ethiopia's wealthiest industrial elites. However, the Ministry maintains that such high standards are necessary to drive the national "Made in Ethiopia" movement and represent the country effectively on the international trade stage.  

"The election of these seasoned investors reflects a shift toward industrial-led leadership within the national business community," noted a trade analyst present at the assembly.  

The new leadership team is expected to serve a term focused on boosting Ethiopia’s export capacity and navigating the complexities of the African Continental Free Trade Area (AfCFTA).