Prime Minister Abiy Ahmed (PhD) has appointed Dr. Eyob Tekalign Tolina as the new Governor of the National Bank of Ethiopia (NBE). His appointment comes shortly after the resignation of Mamo Mihretu, who left the post in early September following nearly three years of service.
Extensive Experience in Finance and Planning
Before taking up the governorship, Dr. Eyob served as State Minister of Finance and Planning, where he was closely involved in shaping Ethiopia’s macro-economic policy and coordinating the government’s development agenda.
He previously headed the National Planning Commission, leading the design and implementation of the country’s Homegrown Economic Reform Agenda. Internationally, he has advised Ethiopia’s representatives at both the World Bank and the International Monetary Fund, and worked as a Minister Counselor at the Ethiopian Embassy in Washington, D.C.
His career also includes consulting work in the private sector, giving him insight into how public and private institutions interact in driving economic development.
Academic and Professional Credentials
Dr. Eyob holds a PhD in Political Economy from the University of Maryland, a master’s degree in International Development from a U.S. university, and a bachelor’s degree in Economics from Addis Ababa University. His combination of academic training and practical policy experience has made him a recognized voice in public finance management, private-sector development, and international economic cooperation.
Central Bank’s Mandate and Current Challenges
The National Bank of Ethiopia is responsible for monetary policy, foreign-exchange management, banking supervision, and oversight of payment systems. Dr. Eyob steps into the role at a time when the Bank faces persistent inflationary pressures, continued foreign-exchange shortages, and the need to accelerate reforms that will modernize Ethiopia’s financial sector.
Following Mamo Mihretu’s Tenure
During his time as governor, Mamo Mihretu initiated steps toward liberalizing the foreign-exchange market, worked to strengthen financial-sector oversight, and sought to contain inflation. His departure earlier this month created an opening for new leadership to continue these efforts.
The Prime Minister’s Office has not yet released details of Dr. Eyob’s policy agenda. Analysts expect his immediate priorities to include stabilizing the exchange market, reinforcing price stability, and advancing financial-sector reforms designed to widen access to banking and support sustainable economic growth.
