Team Shega

Eyob Tekalign Appointed as 11th Governor of Ethiopia’s Central Bank

Restoring creditor confidence, stabilizing the economy, tackling the parallel FX market, advancing digital payments, & delivering Ethiopia’s IMF program are immediate priorities for the new governor.

Only 8.4% of Ethiopian Students Pass University Entrance Exams

Only 8.4% of Ethiopia’s 585,962 exam takers passed the university entrance test. Four years into reforms, the crisis continues despite slight progress.

Transport, Banking and Telecoms Drive Profit Surge at Ethiopia’s State-Owned Enterprises

Ethiopia’s sovereign wealth fund reports 88% jump in pre-tax profit from state-owned enterprises, 262.7B Birr in 2024–25. Transport & banking lead the gains.

Ethiopia Bets on VAT Expansion to Bolster Fragile Finance

Ethiopia widens its tax net: new VAT directive compels mid-sized firms & professionals to register. Reform or revenue squeeze?

Mamo Mihretu Steps Down as Ethiopia’s Central Bank Governor

A year after floating Ethiopia’s exchange rate, Central Bank Governor Mamo Mihretu steps down. His tenure was brief, his reforms unfinished, and Ethiopia's economy questionably transformed.

Addis Ababa Launches Roadside Checks in Tax Evasion Crackdown

Addis Ababa is cracking down on tax evasion. Trucks leaving markets now face random checkpoints, with drivers asked to show same-day receipts or delivery notes.