Dr. Eyob Tekalegn has been appointed as the new Governor of the National Bank of Ethiopia, a pivotal move as the nation navigates a challenging economic landscape. The appointment comes as part of a broader leadership reshuffle by Prime Minister Abiy Ahmed, effective September 9.
Dr. Eyob, who has been serving as the State Minister of Finance, is a well-regarded economist with extensive experience in both national and international financial spheres. His appointment is seen by many as a signal of continuity for Ethiopia’s ongoing economic reforms.
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Speculation about Dr. Eyob’s likely appointment had been circulating in financial circles, particularly following the resignation of the former central bank governor, Mamo Mihretu, in early September 2025. An analysis piece from September 18 had positioned Dr. Eyob as a strong contender for the top post at the central bank.
Dr. Eyob takes the helm at a critical juncture for the Ethiopian economy, which is grappling with high inflation and the complexities of debt restructuring. His deep involvement in the country’s economic reform agenda and his experience in negotiating with international financial institutions are expected to be significant assets in his new role.
Dr. Eyob Tekalegn boasts a distinguished career in economics and public service. He holds a PhD in Political Economy from the University of Maryland and a Master’s degree from George Washington University.
Prior to his role as State Minister of Finance, he held various influential positions, including serving as a senior advisor to the Prime Minister and as Ethiopia’s chief trade negotiator. His international experience includes work with the World Bank Group. This extensive background has equipped him with a nuanced understanding of both the domestic and global economic pressures facing Ethiopia.
As State Minister, Dr. Eyob has been a key figure in the implementation of Ethiopia’s Homegrown Economic Reform agenda, a comprehensive strategy aimed at liberalizing the economy and attracting foreign investment. He has also been instrumental in the country’s engagements with international creditors.
The new leadership at the National Bank of Ethiopia will be closely watched by international partners and investors as the country continues on its path of ambitious economic transformation.
