FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds



Mamo Mihretu Graded A- by Global Finance, Passing Baton to Eyob Tekalign


Mamo Mihretu Graded A- by Global Finance, Passing Baton to Eyob Tekalign

Former National Bank Governor Mamo Mihretu, who served from January 2023 until September 2025, has received an "A-" in Global Finance magazine’s 2025 Central Banker Report Cards. The annual ranking, launched in 1994, grades central bank governors from nearly 100 countries and regional blocs on inflation control, economic growth, currency stability, interest rate management, and political independence. "Most central bankers have spent the past few years battling inflation with their most effective tool: higher interest rates, though their mandates may differ from country to country. As inflation recedes, we’re beginning to see the results of those tough policy decisions," said Global Finance founder and editorial director Joseph Giarraputo. "Our annual Central Banker Report Cards recognise those leaders who have not only delivered results but done so with independence, discipline, and strategic foresight." Mamo's successor, Eyob Tekalign (PhD), has been appointed as the new governor of the National Bank. The full list will be published in the magazine’s October print and digital editions, as well as online.

[ssba-buttons]

Radar

Tariff Reform Powers EEP Revenue to 119 Billion Br

Ethiopian Electric Power (EEP) collected 119 billion Br in revenue during the 2025-2026 fiscal year, up 57.8pc from the previous year, while recording a gross profit of 39.5 billion Br. The performance comes as EEP faces public scrutiny over a multi-year electricity tariff reform. EEP achieved 92pc of its 129.8 billion Br revenue target. It attributed the performance to improved revenue collection systems and better coordination, following a period in which the utility operated at a significa...


Radar

ESX Names Yodit Kassa CEO in Leadership Handover

The Ethiopian Securities Exchange (ESX) said on August 7, 2026, that its founding Chief Executive Officer, Tilahun Esmael (PhD), had been replaced by the Chief Operating Officer, Yodit Kassa. ESX credited Tilahun with steering the Exchange from its early project phase into a fully operational securities market. He established its governance, technological and operational foundations while building relationships with regulators, investors and other stakeholders. Yodit and Tilahun have been...


Radar

Enat Bank Enlists Partners to Develop Gender Bond

Enat Bank has entered a four-party partnership to develop what the partners describe as Ethiopia's first private-sector gender bond. The bank signed a memorandum of understanding with FSD Ethiopia, I-Capital Africa Institute and FSD Africa to structure and launch the bond. The partners will collaborate throughout the pre-issuance and post-issuance phases. Their work will cover transaction structuring, framework development, regulatory compliance, investor engagement and post-issuance manageme...