Ethiopian Prime Minister Appoints New Governor of the National Bank of Ethiopia
Ethiomonitor -Addis Ababa
September 20, 2025
In a significant move for Ethiopia’s financial landscape, Prime Minister Abiy Ahmed has named Eyob Tekalegn (PhD) as the new Governor of the National Bank of Ethiopia, effective today.
Tekalgn comes to the role with extensive experience, having last served as state Minister for Ministry of Finance. His illustrious career has been over 18 years in the making, during which he has served in executive positions in public, private, supranational, multinational, and academic institutions, playing pivotal roles to propel the economic and social development of Ethiopia.
He succeeds Mamo Mehretu, who has stepped down after seven years at the helm of the National Bank, a departure that has taken many in the Ethiopian government and finance communities by surprise.
Mamo has decided to transition out of government service to take on new professional challenges after previously serving with significant effect as a policy advisor in the Prime Minister’s Office and as Ethiopia’s chief trade negotiator at the World Trade Organization.
Tekalegn’s appointment is a fresh start for the National Bank, and he now has the challenging task of steering Ethiopia’s monetary policy and fostering economic stability in the nation.
