Renowned Ethiopian economist, politician, and statesman Bulcha Demeksa has passed away at the age of 94 in the Ethiopian capital, Addis Ababa. Born in 1930 in Wollega, Bulcha’s remarkable life spanned decades of public service, political activism, and business innovation.
A Distinguished Career in Public Service and Finance
Bulcha served as Deputy Minister for Finance during the reign of Emperor Haile Selassie I, playing a key role in the country’s financial administration. Following the Ethiopian Revolution in 1974, he left the country and later served as a board member of the World Bank, where he contributed to global economic development initiatives.
After the fall of Colonel Mengistu Hailemariam’s regime in 1991, Bulcha returned to Ethiopia and resumed his commitment to national development and political reform. He became one of the founding members of the Oromo Federalist Democratic Movement, a political party advocating for federalism and democracy.
Legacy in Politics
As a member of Ethiopia’s parliament, Bulcha gained prominence for his fearless and outspoken critiques of the late Prime Minister Meles Zenawi. His bold and often witty remarks were known to spark both serious debate and moments of levity within parliamentary sessions.
Contributions to the Business Sector
Bulcha was instrumental in the establishment of Awash Bank in 1994, Ethiopia’s first private bank following economic reforms. Awash Bank has since grown to become one of the leading private financial institutions in the country, symbolizing Bulcha’s lasting impact on Ethiopia’s economic landscape.
Autobiography and Vision
In 2013, Bulcha published his autobiography, “My Life, My Vision for the Oromo and Other Peoples of Ethiopia,” reflecting on his journey and aspirations for Ethiopia’s diverse communities. His unwavering Ethiopian patriotism stood out during a period of rising ethnic tensions, famously stating, “There was no moment when my Oromo identity and Ethiopian identity were at odds with one another.”
Tributes and Condolences
The news of Bulcha’s passing has been met with widespread mourning and tributes from across Ethiopia and beyond.
Ethiopian President Taye Atske Selassie expressed his condolences, describing Bulcha as a “great statesman of courage, integrity, and political wisdom.” Prime Minister Abiy Ahmed shared a heartfelt message accompanied by a photograph taken at Bulcha’s residence, stating, “He served his country and Africa in every way he could, standing firm in his beliefs and striving to unite people. Losing such strong elders is a loss for the nation. May the Creator accept his soul.”
Awaiting Funeral Arrangements
Details of the funeral are yet to be announced, as the family awaits the arrival of Bulcha’s children from the United States.
A Legacy Remembered
Bulcha Demeksa’s life and work leave an indelible mark on Ethiopia’s political, economic, and social history. His commitment to unity, democracy, and development will continue to inspire generations to come.
