The cabinet reshuffle had a profound effect in lifting the overall sentiments in the Qatar Stock Exchange, which inched near 10,400 levels this week.
Abiy Ahmed named 10 new ministers but retained the finance and foreign ministers from the cabinet of his predecessor Hailemariam Desalegn, who resigned in February to pave the way for the reforms.
The move came after the government promised a cabinet reshuffle after a no-confidence motion against Prime Minister Ranil Wickremesinghe was defeated last week.
The governing coalition of the Sri Lanka Freedom Party (SLFP) and the United National Party (UNP) blamed the defeats at least partly on its lack of progress in several anti-corruption investigations.
Theresa May's leadership team shake-up, designed to restore her authority and address divisions over Brexit, was branded a shambles after one minister quit and media reported another had refused to move jobs.
Australian Prime Minister Malcolm Turnbull on Tuesday named a new attorney general and promoted two junior lawmakers from rural Queensland state to his cabinet in a reshuffle ...
The rejig of the council of ministers, which also saw the exit of six members, is being seen as an attempt by Modi to improve the performance of his government as the 2019 general elections near.
Sri Lankan President Maithripala Sirisena switched the finance and foreign ministers in a cabinet reshuffle on Monday in a bid to restore confidence in the administration's handling of the economy.
The Belgian government appointed a new transport minister in a reshuffle sparked by allegations of lax security at Brussels airport, one of two targets hit by suicide bombers last month.