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Eyob Tekalegn Becomes Central Bank Governor

Sep 19 , 2025

Ethiopia's State Finance Minister Eyob Tekalign attends the Annual Meetings of the International Monetary Fund and World Bank in Washington, U.S., October 15, 2022. REUTERS/James Lawler Duggan/File Photo

Prime Minister Abiy Ahmed (PhD) has nominated Eyob Tekalegn (PhD), state minister for Finance, as the new governor of the National Bank of Ethiopia (NBE).

Eyob brings more than two decades of experience in economic policymaking, finance, and diplomacy, having served as minister of the National Planning Commission and as minister Counselor at Ethiopia’s Embassy in Washington, D.C. His portfolio spans advisory roles to consulting for multinationals, and stints at institutions such as UNECA, COMESA, UNCTAD, the World Bank, and the IFC.

Beyond government, Eyob worked as a director at SGI Frontier Capital, a U.S.-based private equity firm focused on frontier markets, before rejoining public service in 2018. He currently sits on the boards of the National Bank of Ethiopia NBE), Ethiopian Investment Holdings, Ethio telecom, and Ethiopian Electric Power, while chairing others, including the Ethiopian Roads Authority, Accounting & Audit Board, and Public Procurement Agency.

A graduate of George Washington University with a master’s degree, Eyob earned his PhD in political economy from the University of Maryland. Colleagues describe him as a technocrat with a balanced perspective on the structural challenges facing developing economies.

His nomination comes at a crucial moment for the Central Bank, tasked with managing stubborn inflation, price discovery in foreign exchange market, and reform pressures under ongoing talks with the IMF. Analysts view the appointment as a test of continuity in economic management and a signal of the Administration’s intent to reinforce credibility at the apex of external debt pressure.

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