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Teferra Wolde-Semait

Teferra Wolde-Semait
ተፈራ ወልደ ሰማዕት
Teferra Wolde-Semait.jpg
Finance Minister
In office
17 April 1976 – 1 September 1982
President Mengistu Haile Mariam
Preceded by Negash Desta
Succeeded by Tesfaye Dinka
Chairman of the Board of NBE
In office
1976–1982
President Mengistu Haile Mariam
Economic Consul
In office
1972–1974
Monarch Haile Selassie
Personal details
Born (1938-09-11)11 September 1938
Shewa, Ethiopian Empire
Died 25 June 2013(2013-06-25) (aged 74)
Baltimore, Maryland USA
Alma mater Haile Selassie l University and The Hague

Teferra Wolde-Semait (1938–2013), (Ge'ez: ተፈራ ወልደሰማዕት?, täfärra Wäldäsämaʿət) was an official in the government of Ethiopia. He served as Ethiopia's Minister of Finance and chairman of the board of the National Bank of Ethiopia from 1977 to 1982.

Teferra Wolde-Semait was born in Sheno, a town located in the Kembibit district of Shewa, Ethiopia, on 11 September 1938. His mother was Jemanesh Bedane and his father was Wolde-Semait Maremi. He was the youngest of five children, the others being Tegegn, Bekele, Tirunesh and Zenebech. Shortly after his birth, his father, who was an arbegna (a resistance fighter) during the Italian occupation, died and Jemanesh fled the area with her children. Teferra was brought to Addis Ababa at an early age, where he entered Priest School and subsequently Haile Selassie I Kokebe Tsebha School, completing 1st through 12th grade with acceleration. After teaching in Wollo for a year, he attended Haile Selassie l University in Addis Ababa and graduated in 1964 with distinction, earning a bachelor's degree in economics. After graduating, he was hired at the Ministry of Community Development and Social Affairs. After working for some years, he travelled to The Hague, Netherlands, to pursue an advanced degree, and obtained a master's degree in Economic Development in 1967.

Teferra returned to the Ethiopian Ministry of Community Development and Social Affairs, where he formed and managed the planning unit. He spent the years from 1967 to 1971 preparing Ethiopia's long-term development plan as well as the annual budget for the Ministry. He then transferred to the Ministry of Finance, and, from 1972 to 1974, worked in the Embassy of Ethiopia in Washington, D.C. as Counselor of Economics and Finance. While in that role, he worked closely with the World Bank, International Monetary Fund (IMF), USAID, and other organizations to boost the aid being given to Ethiopia.


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