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Ethiopia's Central Bank Sees Leadership Change Amid Economic Gains

9/21/2025

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Summary

Story summary

Mamo Mihretu, Ethiopia's outgoing central bank governor, earned an “A-” in Global Finance’s Central Banker Report Cards 2025 before resigning on September 3 after nearly two years.
Prime Minister Abiy Ahmed appointed Eyob Tekalign as the new governor, effective September 19, 2025.
Eyob, former State Minister of Finance, played a crucial role in Ethiopia's economic reform and debt restructuring.
During Mamo's tenure, foreign currency reserves tripled, and inflation fell to a seven-year low.
Enatalem Meles replaced Legesse Tulu as Head of Government Communication Services.

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Story summary

Mamo Mihretu, Ethiopia's outgoing central bank governor, earned an “A-” in Global Finance’s Central Banker Report Cards 2025 before resigning on September 3 after nearly two years.
Prime Minister Abiy Ahmed appointed Eyob Tekalign as the new governor, effective September 19, 2025.
Eyob, former State Minister of Finance, played a crucial role in Ethiopia's economic reform and debt restructuring.
During Mamo's tenure, foreign currency reserves tripled, and inflation fell to a seven-year low.
Enatalem Meles replaced Legesse Tulu as Head of Government Communication Services.