Ethiopia Names Eyob Tekalign as National Bank Governor Following Mamo Mihretu's Departure

Prime Minister Abiy Ahmed has appointed Eyob Tekalign as Governor of the National Bank of Ethiopia, effective 19 September 2025, installing a former State Minister of Finance at the head of the country's central bank following the earlier departure of Mamo Mihretu from the governorship.

Eyob Tekalign succeeds Mamo Mihretu, who announced his resignation as National Bank Governor in early September.

POLICY BACKGROUND

The National Bank of Ethiopia has overseen the liberalisation of the Ethiopian birr that the government undertook as part of its engagement with international financial institutions.

The country has been engaged in debt restructuring negotiations with official bilateral creditors and has sought to rebuild foreign exchange reserves following extended pressure on the birr.