Ethiopia Leading post-war liberalisation
Mamo Mihretu, the young former head of Ethiopia’s sovereign wealth fund, ruffled feathers when he was appointed governor of the Central Bank earlier this year.
Critics of his rise pointed to his close relationship with Prime Minister Abiy Ahmed and his lack of senior management experience. Handpicked by Abiy to advance his liberalisation agenda, Mamo, who was educated at Harvard and spent eight years at the World Bank, has sought partnerships with China and the US, while promoting green initiatives to attract external investment.
Ethiopia faces a global economic downturn and the aftermath of a two-year civil war, but Mamo remains confident in its potential. “Ethiopia is a land with countless opportunities for local and foreign investors […] we will give them security,” he said in 2022, as the war drew to a close