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Investment Holdings Oversees Leadership Overhaul at Ethiopian Construction Works Corp

  • November 1, 2025
  • Dagmawi Zeleke

Corporation set to pay dividends for the first time

The Ethiopian Construction Works Corporation (ECWC), one of the state-owned enterprises under Ethiopian Investment Holdings (EIH), has overhauled its leadership and board structure, with the reshuffle marking the latest in a series of corporate reforms across government-owned firms.

The decision includes the replacement of the corporation’s Chief Executive Officer and all board members; a move that officials say follows a comprehensive review of the company’s governance and financial standing.

Yonas Ayalew, who led the Corporation for seven years, has been relieved of his position and appointed as a state minister under the Office of the Prime Minister.


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