Addis Ababa, February 8, 2026 (ENA)—Addis Ababa’s sweeping corridor development and riverside rehabilitation projects are emerging as major drivers of sports and conference tourism, attracting growing local and international interest. City officials and tourism stakeholders say the large-scale projects have reshaped public spaces, upgraded infrastructure and enhanced the city’s appeal as a destination for sporting events and international conferences. The initiatives form part of Ethiopia’s broader effort to reposition Addis Ababa as a modern diplomatic, business and tourism hub while improving livability for residents. According to the Addis Ababa City Tourism Commission, the rehabilitation of riverbanks and the development of green public spaces have created favorable conditions for sports tourism, particularly cycling and other non-motorized transport activities. These developments were recently showcased during a bicycle festival held at Arada Park under the theme “Bicycle in Addis.” Binyam Taye, Deputy Commissioner of the Addis Ababa City Tourism Commission, emphasized that tourism has become the world’s leading economic driving industry, playing an irreplaceable role in national growth by expanding employment, trade and investment opportunities. He further noted that Addis Ababa’s corridor development and riverfront rehabilitation have fundamentally reshaped the city’s landscape and strengthened its capacity to host continental and international sports events. “The beautification of the city and the upgraded infrastructure have created a favorable environment for sports tourism and for cycling as an alternative mode of transportation,” he said, adding that the bicycle festival is organized on a monthly basis to promote sports tourism and raise public awareness. Asmerom Berhane, Deputy Head of the Addis Ababa City Administration Transport Bureau, on his part said the projects have improved urban mobility while preserving the city’s natural environment. “The achievements that have preserved the city’s landscape have created a conducive environment for bicycle transportation,” he said, pledging continued collaboration to make non-motorized transport an integral part of the city’s culture. Festival participants also expressed the positive impact of the initiatives. Salamwit Endale, a young participant, said the event helped demonstrate Addis Ababa’s growing potential for sports tourism. Alemayehu Barasso, another participant, also noted that the corridor and riverside projects have made cycling more practical and enjoyable, encouraging healthy physical activity while allowing residents to appreciate the city’s transformation. Beyond sports tourism, Addis Ababa’s expanding role in conference tourism is being reinforced by the Addis International Convention Center, which officials say is making a significant contribution to urban development and the tourism sector. Kirubel Kefyalew, Deputy Manager of the center, told ENA that since becoming operational the facility has hosted more than 73 international conferences, exhibitions and major events. He said the center has significantly strengthened the city’s capacity to organize large scale international gatherings, citing the successful hosting of the African Climate Summit as a key example. “The center is enhancing Addis Ababa’s profile as a destination for international conferences and supporting the implementation of the African Free Trade Area by providing quality and efficient services,” Kirubel said, adding that residential apartments within the compound will begin service soon. Stakeholders operating within the center also underscored its wider impact. Event organizer Yoadan Tilahun said they are contributing to conference tourism by delivering efficient and world class services for meetings and events. Cultural restaurant manager Eshetu Alemayewe on his part said promoting Ethiopian culture through hospitality services has increased the center’s appeal to foreign visitors. Located on 40 hectares of land, the Addis International Convention Center features two large halls with capacities ranging from 3,000 to 4,000 people, eight small and medium meeting halls accommodating up to 10,000 participants in total, along with a range of supporting facilities. City officials say the combined impact of corridor development, riverside rehabilitation and modern conference infrastructure is steadily strengthening Addis Ababa’s tourism appeal and reinforcing its position as one of Africa’s leading diplomatic, business and cultural hubs.

Addis Ababa, February 8, 2026 (ENA)—Addis Ababa has finalized extensive preparations to host delegates attending the upcoming African Union (AU) Summit, as the city continues a sweeping urban transformation aimed at strengthening its role as Africa’s diplomatic capital. The Ordinary Session of the Executive Council of the African Union will take place from 11 to 12 February 2026, followed by the Italy–Africa Summit on 13 February, and the AU Summit on 14 and 15 February 2026. The city’s readiness comes amid wide-ranging development initiatives, including major corridor projects, riverside rehabilitation, upgraded road networks, and expanded hospitality and conference infrastructure. Over the past four years, key transport corridors across the capital have been developed or upgraded, easing traffic congestion and significantly improving urban mobility. In parallel, riverside rehabilitation projects have transformed sections of riverbanks into vibrant green public spaces, incorporating pedestrian walkways and recreational areas. These initiatives have enhanced environmental conditions while significantly improving Addis Ababa’s urban aesthetics. The city’s hospitality sector has also experienced rapid growth in recent years, with the addition of new hotels and serviced apartments, increasing overall accommodation capacity. Meanwhile, the modernization and expansion of convention centers have further strengthened Addis Ababa’s ability to host large-scale continental and international events. These developments form part of Ethiopia’s broader strategy to reposition Addis Ababa as a modern hub for diplomacy, business, and tourism, while preserving its historic role as the political capital of Africa. In this regard, the Addis Ababa Hotel Owners Association has emphasized that hotels across the capital are fully prepared to ensure a comfortable and high-quality experience for summit participants. Approached by the Ethiopian News Agency, Aster Solomon, President of the Addis Ababa Hotel Owners Association, said hotels are ready to deliver services rooted in Ethiopia’s long-standing tradition of hospitality. “Several hotels in Addis Ababa are prepared to offer genuine hospitality services to participants of the upcoming AU sessions,” she said, noting that both established and newly opened hotels have completed their preparations. She added that the expansion and modernization of convention centers have significantly enhanced the city’s capacity to host major international gatherings, a development reflected in the steady growth of Meetings, Incentives, Conferences, and Exhibitions (MICE) tourism. “The increasing number of international and continental events hosted in Addis Ababa demonstrates the city’s remarkable progress in MICE tourism,” Aster said. As the headquarters of numerous international and continental institutions, Addis Ababa regularly hosts high-level conferences, diplomatic meetings, and multilateral summits, making it a preferred destination for business and diplomatic tourism. According to Aster, more than 50 international and continental events were held in the city within a six-month period last year alone. She noted that hotels have not only finalized their preparations but are also eager to deliver services that meet international standards. “Addis Ababa has a long history of hosting AU summits. Building on this experience, hotels are offering tailored service packages for this year’s guests,” she said. Aster also highlighted the city’s visible transformation through corridor development projects, riverside revitalization, and the creation of new recreational and tourist destinations. “Addis Ababa has been beautified more than ever before,” she said, adding that the improvements will allow delegates to enjoy their stay and encourage them to extend their visits beyond official meetings. To this end, hotels are working closely with tour operators to offer curated tour packages showcasing the city’s cultural, historical, and contemporary attractions. “Visitors who were familiar with Addis Ababa in the past are genuinely surprised by the city’s dramatic transformation,” Aster said. She further noted that this year’s AU Summit participants will be excited by Addis Ababa’s new face. Addis Ababa has consistently demonstrated its capacity to host high-profile regional and global gatherings, citing the Second Africa–Caribbean Community Summit held in September 2025 as a recent example, according to Aster. Looking ahead, Addis Ababa is also set to host the 32nd Conference of the Parties (COP32) of the United Nations Framework Convention on Climate Change in 2027, underscoring the city’s growing stature as a leading international conference destination.

Addis Ababa, February 8, 2026 (ENA)—Brazil's Ambassador to Ethiopia, Jandyr Ferreira dos Santos, has commended Addis Ababa’s rapid transformation at the time when the diplomatic capital of Africa is gearing up to host the African Unions Heads of State and Government Summit next week. In an exclusive interview with ENA, the Ambassador commended the transformation of Addis Ababa, the diplomatic capital of Africa, which is going to host the African Union Heads of State and Government Summit. “I have been here long enough to witness this transformation of Addis Ababa, such a beautiful city; and how modern and beautiful it is becoming,” he stated. Ambassador Jandyr Ferreira dos Santo said, Ethiopia is a diplomatic capital of Africa, adding that but not only of Africa. “I think all global issues pass through Ethiopia. We discuss trade and political issues, for instance. Ethiopia is going to host COP 32 in 2027.” Ethiopia is preparing itself very well to receive dozens of African heads of state and government and host next week's African Union summit, the Ambassador noted, stating that this is a good opportunity for African heads of state and government to witness the transformation of the capital. “I think they all should be proud of the way this government is doing; and then transforming the city, making it for better living for the people, and making it more modern and developed.” For the Ambassador, this is what all major capitals in the world did and that is what happened here. He further pointed out that the city is evolving and changing with a fast pace as more things are offered: parks, gastronomy, and development. Noting about the daily direct flight from Ethiopia to Brazil, he said the government has been promoting for Brazilians who pass through Addis to come and stay and see the beauty of the city, even in a stopover. “So I am sure more and more Brazilians will come and see this. And we also want Ethiopians to come and visit Brazil. That is what we do as diplomats, build bridges.” Ambassador Jandyr Ferreira dos Santo urged the private sector and tourists to cross these bridges and visit Ethiopia, the Land of Origins, and the vibrant city Addis Ababa.

Addis Ababa, February 7, 2026 (ENA)—Ethiopia's remarkable move towards energy development is a game changer for the country and Africa at large, UNIDO Representative and Sub-Regional Office Director, Stephen Kargbo, said. Speaking to ENA, Kargbo praised Ethiopia for its notable strides in enhancing regional integration across various sectors, particularly in energy development. According to him, the country’s potential plays a pivotal not only in the nation’s industrialization and social development, but also in fostering regional integration and addressing the continent's energy challenges. Moreover, Ethiopia’s progress towards offering affordable energy is a substantial advancement for both the nation and the sub-region as a whole, he noted. “Ethiopia's development and progress towards providing affordable energy for its people and the region is a significant step forward.” He further stressed that the energy developments are poised to be game changers for Ethiopia and all other African nations. The UNIDO Representative also noted that the significant hurdle facing Africa is the scarcity of energy required to fuel industrialization, hospitals, schools, and digital initiatives. Without reliable and affordable energy, Africa’s advancements in digitalization and overall development are compromised, he stressed. “One of the biggest challenges that we face in Africa is the lack of energy to power industrialization, the lack of energy to power our clinics, our hospitals, the lack of energy to even power our schools, including internet; and I can go on even to digitalization. If we don't have affordable and reliable energy, we can forget about it.” In this regard, Kargbo drew a stark comparison citing his previous experience in China, where the country's energy installed capacity exceeds that of all of Africa combined by a substantial margin, illustrating the gap Africa needs to bridge to catch up with global industrial advancements.

Addis Ababa, February 7, 2026 (ENA)—Ethiopian Kerchanshe Group and Brazil’s Agricultural Research Corporation (Embrapa) have signed a cooperation agreement aimed at strengthening collaboration in agricultural technology, with a particular focus on coffee development and modern production systems. The agreement was concluded a day after the historic Ethiopia–Brazil Trade and Investment Forum held in Addis Ababa, signaling concrete follow-up action to elevate bilateral economic ties to a new level. The partnership will focus on coffee development in Debeka, Abaya Woreda, West Guji Zone of Oromia region. Under the agreement, the two institutions will jointly work on agricultural quality enhancement and control systems, capacity-building for workers, and other related areas of cooperation. Speaking at the signing ceremony, State Minister of Agriculture Efa Muleta said the agreement will play a significant role in Ethiopia’s economic growth. He emphasized that the government will provide close follow-up and necessary support to ensure the agreement is effectively implemented and delivers tangible results. ENA reported from the spot that the agreement was signed in the presence of senior government officials and invited guests, including Brazilian Ambassador to Ethiopia Jandyr Ferreira dos Santos and Embrapa President Silvia Maria Fonseca Silveira Massruhá. Kerchanshe Group Chief Executive Officer Israel Degafa, for his part, noted that Ethiopia and Brazil share many similarities in the agricultural sector. He stated that the agreement framework will help elevate cooperation between the two countries to a higher level, particularly through the transfer of Brazil’s agricultural development experience—especially in coffee development and technology transfer. According to information shared during the event, Kerchanshe currently exports coffee seedlings to more than 20 countries, underscoring Ethiopia’s expanding footprint in global coffee value chains. The signing ceremony comes on the heels of the largest-ever Ethiopia–Brazil Trade and Investment Forum, held in Addis Ababa on February 6, 2026. Embrapa, a leading research institution under Brazil’s Ministry of Agriculture, Livestock and Food Supply, plays a central role in transforming tropical agriculture through science-driven and sustainable solutions. The corporation is known for its expertise in research, development and innovation (RD&I), including plant genetic improvement, soil-plant systems, bio-inputs, and climate-smart agricultural practices. Through its international cooperation arm, Embrapa has been expanding partnerships across Africa and Latin America, promoting knowledge exchange, technical capacity-building, and technology transfer to address shared ecological and agricultural challenges. Its focus on sustainable agriculture, low-carbon production systems, and innovation-driven solutions aligns closely with Ethiopia’s efforts to modernize its agricultural sector, enhance productivity, and strengthen food security. The newly signed agreement is therefore expected to serve not only as a bilateral business arrangement but also as a strategic bridge for technology transfer and long-term collaboration in tropical agriculture—particularly in coffee, a flagship export commodity for Ethiopia. With both countries recognized as global coffee powerhouses, the partnership signals a new chapter in leveraging research, innovation, and South-South cooperation to boost value addition, quality standards, and competitiveness in international markets.

Addis Ababa, February 7, 2026 (ENA)—The Logo Hayk Resort, a landmark development under the Prime Ministerial Dine for Generations initiative, officially opened its doors today, spanning 13.3 hectares and marking a major boost to Ethiopia’s tourism infrastructure, according to the Office of the Prime Minister. Prime Minister Abiy Ahmed described the resort as a harmonious blend of Wollo’s natural beauty and modern, world-class infrastructure, highlighting its significance as a milestone in Ethiopia’s tourism and economic development efforts. The state-of-the-art facility features premium amenities, including multiple restaurants, swimming pools, internal asphalt roads, and a helicopter landing pad. Set amid diverse fruit zones and meticulously landscaped greenery, the resort offers visitors a serene and immersive environment designed to provide a distinctive and memorable experience. Beyond its modern facilities, Logo Hayk Resort reflects Ethiopia’s commitment to becoming a leading tourist destination in Africa. By integrating tourism development with environmental conservation, sustainability, and social inclusivity, the project provides a platform for the people of Wollo to showcase their rich cultural and natural heritage to the global community.

Addis Ababa, February 7, 2026 (ENA)—Logo Hayk Resort was officially inaugurated today, marking a major milestone in Ethiopia’s tourism and economic development efforts. Prime Minister Abiy Ahmed announced that the resort harmoniously blends the natural beauty of Wollo with modern, world-class infrastructure. In a statement shared on social media, the Prime Minister said the resort goes beyond its physical presence, serving as a catalyst for both local and national economic transformation. “As the second Dine project in the Amhara region, following Gorgora, Logo Hayk Resort will create direct and indirect employment, stimulate value chains across agriculture, transport, hospitality, and services, and open new market opportunities for local producers, artisans, and entrepreneurs,” Prime Minister Abiy noted. He added that the project strengthens tourism-led growth while anchoring sustainable livelihoods for surrounding communities. “Guided by the spirit of Medemer, this initiative brings the government and the private sector together, translating policy into action and investment into tangible impact,” the Prime Minister said. “By developing the resort through a collaborative model, we have laid a durable foundation for public-private partnership, policy continuity, and long-term growth.” Prime Minister Abiy emphasized that Logo Hayk Resort also stands as an open invitation for the people of Wollo to share their rich heritage, culture, values, and renowned hospitality with the world.

Addis Ababa, February 6, 2026 (ENA)—Ethiopia is poised to unlock vast investment potential, fueled by comprehensive economic reforms and its strategic position as a gateway to Africa, Ethiopian Investment Commissioner Zeleke Temesgen stated. Speaking at the Ethiopia-Brazil Economic Cooperation Forum in Addis Ababa, the commissioner outlined promising prospects across sectors including manufacturing, agriculture, logistics, energy, and tourism. “We believe that Brazilian investors renowned for their expertise in technology, manufacturing, logistics and sustainable development, as well as vertical value chain integration are uniquely positioned to seize the compelling investment opportunities that Ethiopia presents,” he emphasized. Stating that the timing of the forum is particularly significant as Ethiopia has undergone a remarkable journey of reform over the past seven to eight years, he said the government has implemented far-reaching changes to create an open, dynamic and industrial friendly environment. For the commissioner, Ethiopia stands out as a compelling strategic investment destination driven by the liberalization of key sectors which are previously close to foreign investment. “Today, international investors are welcomed into our telecom, banking, import-export trade and wholesale and retail sectors.” Regulatory improvements and digitalization efforts are making it easier than ever to invest and operate in Ethiopia, he noted. Ethiopia generates one of Africa's largest renewable energy supplies, offering investors reliable and affordable electricity and essential advantages for manufacturing and agro-processing sectors, according to the commissioner. Zeleke further highlighted that Ethiopia and foreign investors have also built modern special economic zones, which are built for the purpose of providing efficient services. Through the African Continental Free Trade Area, investors in Ethiopia can also access the 1.4 billion consumer market, he said, adding combined with Ethiopian airlines connectivity, Ethiopia serves as a natural gateway to the content of Africa. Ethiopia also offers generous cooperative income tax incentives, customs duty exemptions, incentive in investment guarantees and the comprehensive one-stop service at Ethiopia Investment Commission, among others. Noting that the investment opportunities in Ethiopia are quite diverse, he stated agriculture and agro-processing remain a priority sector for the nation’s economy, alongside tourism, ICT and mining. “We strongly believe that there is a lot that Brazil can offer to the rest of the world. Brazil's agri-business and food processing sector is one of the most competitive globally, in a way few countries can match.” This makes Brazil a benchmark model for emerging economies seeking to move from primary agriculture towards global competitive, value-added agro-food industries, he affirmed.

Addis Ababa, February 6, 2026 (ENA)—Ethiopia continues to stand out as one of Africa’s most dynamic and promising economies, driven by bold reforms and expanding international partnerships, Brazilian Ambassador to Ethiopia Jandyr Ferreira dos Santos said. Addressing the largest ever Brazil-Ethiopia Economic Cooperation Forum in Addis Ababa, Ambassador Jandyr emphasized that Ethiopia’s reform agenda has positioned the country as an attractive destination for investment and strategic cooperation. He noted that bilateral relations between Brazil and Ethiopia have reached a new level of political density and strategic trust in recent years. According to the ambassador, this progress is clearly reflected in the historic visit by the leaders of the two countries, which he described as sending a powerful signal of mutual confidence and a shared vision for deeper South-South cooperation. Highlighting Brazil’s economic profile, the ambassador also elaborated the country is among the world’s leading emerging economies, with a diversified structure that includes a globally competitive agricultural sector, a solid industrial base and a dynamic service economy. Brazilian agriculture, he added, plays a critical role in global food security through major exports such as soybeans, sugar, meat and a wide range of value-added products. He also underscored Brazil’s position as the world’s largest coffee producer and exporter, noting that this creates natural opportunities for cooperation and knowledge exchange with Ethiopia, the birthplace of coffee itself. Beyond agriculture, the ambassador pointed to Brazil’s strong capabilities in automotive production, manufacturing, machinery, mining, steel and aerospace, including Embraer, one of the world’s leading aircraft manufacturers. Turning to Ethiopia, Ambassador Jandyr said the government of Prime Minister Abiy Ahmed has undertaken bold and commendable reforms aimed at liberalizing markets, strengthening macroeconomic stability, modernizing the financial sector and attracting both domestic and foreign investment. He added that these reforms are reshaping the country’s economic landscape, supported by a rapidly growing population. “Ethiopia offers a strong labor force, a fast-expanding consumer market and significant opportunities in agro processing, logistics and infrastructure,” he said. He also highlighted the recent signing of the Brazilian market access protocol as an important milestone in supporting Ethiopia’s accession to the World Trade Organization. Ethiopia, he noted, is now at an advanced stage of WTO accession, with completion expected in 2026. Director General for European and American Affairs at the Ministry of Foreign Affairs, Ambassador Meles Alem, on his part commended the long-standing commitment of both countries to sustainable development. “Our cooperation has been a testament of South–South partnership, and today we stand ready to elevate it to unprecedented heights,” Ambassador Meles said. He added that Ethiopia is on a transformative journey, with comprehensive reforms opening space for strategic partnerships across sectors ranging from agro processing and renewable energy to manufacturing, mining and technology. “The potential for cooperation is immense. It’s up to us to tap that potential. We are here to facilitate, to inform and to support your investment desires,” he said.

Addis Ababa, February 6, 2026 (ENA)—Ethiopia-Brazil partnership is reaching unprecedented heights, marked by the largest-ever Ethiopia-Brazil Trade and Investment Forum held in Addis Ababa today. Addressing the Ethiopia-Brazil Economic Cooperation Forum, Ethiopia’s Minister of Trade and Regional Integration Kassahun Gofe highlighted the forum’s significance in deepening the historic ties between the two nations—a pivotal moment in their bilateral relations. “This is a moment to reflect on our shared past, assess our dynamic present, and envision an ambitious future for trade and economic cooperation,” he said. “Today, our partnership is firmly anchored in the principles of South-South cooperation,” he further elaborated. Kassahun praised the remarkable economic progress achieved by both countries in recent years. He also described Ethiopia as one of Africa’s fastest-growing economies, attributing its success to a committed reform agenda and strategic focus on sustainable development through targeted investment sectors. “Collaboration between Ethiopia and Brazil moves beyond symbolism,” he said, noting that the forum provides a vital platform to strengthen business partnerships. The minister also commended Brazil’s support in Ethiopia’s historic accession to the World Trade Organization, adding, “After more than two decades of delays, we are now in the decisive phase of this journey.” Highlighting the reforms underpinning Ethiopia’s growth, the minister cited the liberalization of key sectors, including finance and telecommunications. He further emphasized the transformative potential of the Africa Continental Free Trade Area (AfCFTA), which promises a unified market of 1.4 billion people, offering a pathway to a more inclusive and sustainable development future for Africa. “I strongly encourage Brazilian investors to recognize and harness this unprecedented opportunity, using Ethiopia as a strategic gateway to access the vast African market,” Kassahun said. For his part, Ambassador Alex Giacomelli, Director of Trade Promotion, Investment, and Agriculture at Brazil’s Ministry of Foreign Affairs, underscored that the forum reflects a top priority of Brazilian foreign policy: deepening economic and political ties with Africa. “Ethiopia, as the second most populous nation in Africa, one of the world’s fastest-growing economies, and home to the African Union headquarters, has established itself as a regional hub for innovation, logistics, and international diplomacy,” he said. Ambassador Giacomelli added that Brazil and Ethiopia share key priorities, including sustainable growth, poverty reduction, and a strong commitment to multilateralism.

Addis Ababa, February 6, 2026 (ENA)—Addis Ababa city has recorded a major economic boost from tourism, with 155 billion Birr injected into the city’s economy from foreign visitors over the past six months, Mayor Adanech Abiebie announced. Presenting a tourism performance report at Addis Ababa city council 5th year working year 2nd regular assembly, the mayor said the figures reflect the capital’s accelerating transformation into a leading tourism and conference destination in Africa. According to the report, 699,761 foreign tourists visited Addis Ababa during the six-month period, generating the 155 billion Birr in revenue. In addition, the city welcomed 4.9 million domestic tourists, underscoring the growing appeal of Addis Ababa as both a national and international destination. Mayor Adanech attributed the strong performance to the development of new and upgraded tourism destinations designed to maximize the sector’s social and economic impact. She highlighted the expanding role of public and religious street festivals, alongside the growing popularity of sports and health tourism, as key drivers of visitor growth. The mayor further noted that ongoing development works and flagship mega-projects aimed at positioning Addis Ababa as a hub for conference and event tourism have significantly increased the number of high-level gatherings hosted in the city. Over the past six months alone, nearly 150 international and continental events were held in Addis Ababa—representing a 50 percent increase compared to the same period last year. The latest figures underscore tourism’s rising contribution to Addis Ababa’s economy and its growing stature as a gateway city for Africa.

Addis Ababa, February 4, 2026 (ENA)—Efforts are intensified to promote value-added coffee products for the international market in order to further strengthen Ethiopia's coffee export trade, Agriculture State Minister Melese Mekonnen said. A three-day Africa Fine Coffee Exhibition and Conference opened in Addis Ababa today. Opening the conference, the state minister said Ethiopia holds a unique position in the global coffee industry by possessing nearly 90 percent of the world’s African coffee genetic diversity that provides a strong foundation for quality, resilience, and market differentiation. According to him, the government’s policy priorities include increasing productivity, improving quality, expanding value addition, and strengthening agro-processing in close collaboration with a dynamic and well-regulated private sector. ​​​​​​Despite global market volatility, Ethiopia’s coffee exports have shown strong growth, reaching over 1.4 billion USD in 2023, 1.43 billion USD in 2024, and 2.65 billion USD in 2025. The state minister noted that the performances have been driven by policy reforms, quality improvements, and market diversification. The growing global demand for specialty, sustainable, and traceable coffee presents further opportunities for Ethiopia and Africa at large, he added. According to Melese, the Green Legacy Initiative has mobilized communities nationwide to plant millions of seedlings, including coffee and indigenous tree species. “The Green Legacy Initiative is not merely an environmental campaign, but also a strategic investment in the long-term productivity and sustainability of Ethiopian and African coffee.” The state minister further said transforming Africa’s coffee sector requires strong continental coordination among governments, producers, private sector actors, development partners, and regional institutions to unlock the full value of African coffee. In this regard, he underscored the need for stronger political leadership, enhanced intra-African trade, and the development of regional value chains that go beyond raw exports to include processing, grinding, and value creation within Africa. International Coffee Organization (ICO) Executive Director, Vanusia Nogueira, stressed for her part the urgent need to tackle the sector’s challenges through collaboration, innovation, and inclusive growth. Coffee should be recognized as part of the global solution, rather than viewed as a problem, she said. The Executive Director highlighted challenges, including the limited inclusion of girls and women, the impacts of climate change, regulatory constraints, restricted access to finance, job insecurity, and the growing debt burden faced by coffee-producing countries. According to her, prosperity in the coffee sector should not be measured solely in economic terms, but also through social development and improved livelihoods for farming communities. The three-day event, running from February 4 to 6, 2026, has brought together producers, exporters, traders, roasters, investors, policymakers, and development partners to promote African coffee excellence and strengthen global market linkages.

Addis Ababa, February 5, 2026 (ENA)—Prime Minister Abiy Ahmed said Ethiopia’s ongoing financial sector reforms are delivering tangible and measurable gains, citing strong improvements in liquidity, savings, and private sector lending over the past six months. Speaking to members of the House of People’s Representatives on Tuesday while presenting the government’s six-month performance report, the Prime Minister said large-scale reforms aimed at modernizing the financial system are beginning to transform the broader economy. “The reform measures being implemented to modernize the financial sector are yielding tangible results,” Prime Minister Abiy told lawmakers. Over the past several years, the government has rolled out a comprehensive macroeconomic and financial reform program designed to modernize Ethiopia’s financial system, strengthen macroeconomic stability, and stimulate private sector-led growth. Key measures include the liberalization of the foreign exchange regime, a shift toward market-based exchange rates, the easing of foreign exchange controls, and the modernization of monetary policy through the introduction of a central bank policy rate and open market operations. The reform agenda has also updated banking laws to improve governance and competition, expanded digital and inclusive financial services, strengthened regulatory and supervisory frameworks, and opened the sector to foreign bank entry for the first time in Ethiopia’s history, with the aim of attracting investment and improving access to credit. Official reports indicate substantial gains, including an increase of around 40 percent in bank deposits and more than 20 percent growth in domestic credit, alongside improved foreign exchange inflows and expanded digital financial services. Prime Minister Abiy noted that banks are now able to conduct both cash and foreign currency transactions among themselves, adding that more than half a trillion birr was traded through interbank transactions over the past six months alone. He described the development as a major new source of funding for the economy. According to the Prime Minister, the money supply expanded by more than 10 percent during the period, while national savings grew by over 44 percent. Loan collections increased by 68 percent compared to the previous year, while new lending rose by 123 percent. Total loans disbursed also grew by 123 percent year-on-year, with approximately 90 percent directed to the private sector, a trend the Prime Minister said reflects growing confidence in the financial system. On the opening of the sector to foreign banks, Prime Minister Abiy said the move would help attract capital and modern technology, strengthening both the financial sector and the wider economy. He noted that domestic banks currently account for only five to seven percent of the economy, underscoring the need for foreign participation to enhance competition and technological advancement. He assured lawmakers that safeguards are in place to protect domestic institutions, including a cap of 49 percent on foreign ownership. In that regard, “The economic progress that Ethiopia has exhibited is undeniable by any criteria,” Prime Minister Abiy underscored. The Prime Minister concluded that the ongoing reforms will further strengthen Ethiopia’s financial capacity and expand opportunities for citizens and the business community.

Addis Ababa, February 4, 2026 (ENA)—Ethiopia is fast-tracking trade and investment integration at both regional and global levels, driven by the country’s comprehensive homegrown economic reform agenda, Minister of Trade and Regional Integration Kassahun Gofe said on Wednesday. The minister made the remarks while opening a five-day international trade fair at Meskel Square in Addis Ababa, aimed at promoting Ethiopian products and strengthening market linkages. Kassahun said ongoing reforms, including opening key sectors to foreign investors, simplifying business start-up and operational procedures, and revising the foreign exchange system—are playing a critical role in improving the country’s business climate. These measures, he noted, are modernizing strategic sectors, fostering innovation and enhancing competitiveness. The minister underscored Ethiopia’s strong commitment to regional and global economic integration, emphasizing that the homegrown reform agenda is being implemented through practical and results-oriented initiatives. According to him, the international trade fair brings together buyers, sellers, and business leaders, serving as a platform to facilitate market linkages and strengthen regional and international partnerships. He added that such fairs are instrumental in promoting fair and competitive trade, improving market access, and deepening economic integration. The Ethiopian government remains committed to advancing trade and investment as key drivers of economic growth and shared prosperity, Kassahun said. Expanding export markets, promoting value addition, and strengthening trade competitiveness are among the country’s top priorities. He also stressed the importance of stronger collaboration between public institutions and the private sector to achieve national development goals. During the first six months of the current budget year, Ethiopia earned 5.1 billion U.S. dollars from export trade, while inflation declined to single-digit levels, the minister noted. The country is targeting 10.2 percent economic growth by the end of the 2025/2026 fiscal year, supported by the ongoing economic reforms. Sebsib Abafira Abajobir, President of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), said the trade fair plays a pivotal role in promoting Ethiopian products and strengthening linkages among stakeholders. Organizers stated that the international trade fair serves as a gateway for both domestic and international participants to showcase products and build partnerships. About 50 major companies from 20 countries are expected to take part, while more than five foreign companies have already expressed interest in investing in Ethiopia. In addition, over 300 local companies are participating in the event, ENA learned.

Addis Ababa, February 4, 2026 (ENA)—Ethiopia and China have further deepened their longstanding development partnership following a high-level bilateral meeting held on Tuesday between Ethiopia’s Finance Minister, Ahmed Shide and Chanese Ambassador to Ethiopia, Chen Hai. During the meeting, the two sides signed a development cooperation grant agreement and held discussions on ongoing and future areas of Ethiopia–China collaboration. Minister Ahmed Shide expressed Ethiopia’s strong appreciation to the Government of China for its continued support through public project financing and foreign direct investment. He reaffirmed Ethiopia’s commitment to strengthening the historic partnership between the two countries and called for enhanced cooperation in financing priority development initiatives, including Ethiopia’s new international airport project. Ambassador Chen Hai reaffirmed China’s commitment to supporting Ethiopia’s development agenda. He highlighted continued cooperation in key areas, including the AI Sovereign Model and Application Project, supplementary works on the Ethio–Djibouti Railway, and sustained engagement under the Comprehensive Agreement on Development and Economic Partnership for Africa (CADEPA). At the conclusion of the meeting, the two parties signed a 200 million RMB grant agreement, which will finance “small but beautiful” development projects designed to deliver quick, tangible results and direct benefits to the Ethiopian people.

Addis Ababa, February 3, 2026 (ENA)—The Ethiopian Agricultural Transformation Institute (ATI) has launched Ethiopia OpenAgriNet (Ethiopia OAN), a national digital initiative designed to establish an interoperable digital public infrastructure that enables secure and consent-based sharing of agricultural data. Officials speaking at the launch said that achieving interoperability and unlocking the full value of agricultural data will require strong collaboration among all stakeholders across the digital ecosystem. Ethiopia OpenAgriNet is expected to play a central role in modernizing the country’s agricultural sector. Ethiopia OpenAgriNet represents a strategic step forward in strengthening agricultural data systems and improving the livelihoods of millions of farmers across the country. The platform is designed to bring together farmers, extension services, markets, climate intelligence, financial services, and government programs into a single, open, interoperable, and trusted digital network. Speaking at the event, Dawit Philipos, Chief Operating Officer of the Agricultural Transformation Institute, said that in agriculture, data has the power to transform productivity, resilience, and livelihoods. However, he noted that agricultural data in Ethiopia continues to face significant challenges. According to Dawit, data gaps and shortages persist, while existing information is fragmented across government institutions, the private sector, and development partners. Much of this data is stored in siloed systems, limiting the ability to develop a comprehensive view of the sector. He also cited limited mechanisms for data verification and validation as a key constraint. He emphasized that Ethiopia OpenAgriNet is designed to address these challenges by integrating fragmented data systems into a unified and interoperable digital framework, enabling more effective and efficient use of agricultural data across the sector. As part of the Digital Ethiopia 2030 strategy, Dawit added that OpenAgriNet will integrate with national digital systems such as Fayda, the country’s digital identification platform, and align closely with the government’s Digital Agriculture Roadmap. ATI Director for Technology and Digital Innovations, Girum Ketema, said the initiative is focused on making technology—particularly artificial intelligence and digital infrastructure—work for smallholder farmers, rather than expecting farmers to adapt to complex digital systems. By combining farmer-controlled data rights with a simple, voice-based interface, he explained, the platform will deliver AI-enabled advisory services, financial solutions, and market linkages to communities that have historically been excluded from the digital economy. For his part, Protean eGov Technologies Ltd Chief Business Officer, Ashish Chatterjee, said the company brings more than three decades of experience in designing and operating India’s Digital Public Infrastructure, including systems for taxation, foundational identity, eKYC, eSign, open digital ecosystems, and e-commerce, along with deep expertise in deploying artificial intelligence at population scale.

Addis Ababa, February 3, 2026 (ENA)—Ethiopia’s Minister of Finance, Ahmed Shide, today held discussions with Gallina Vincelette, World Bank Vice President for Operations Policy and Country Services, aimed at advancing a new Country Partnership Framework to deepen the longstanding strategic partnership between Ethiopia and the World Bank. The talks focused on strengthening collaboration and aligning future cooperation with Ethiopia’s national development and reform priorities under the World Bank’s new Country Engagement Framework. In a press release sent to ENA, the Ministry of Finance stated that both sides exchanged views on how the evolving framework could more effectively support Ethiopia’s development objectives through a more selective and results-oriented approach. Minister Ahmed Shide welcomed the World Bank’s renewed approach to country engagement, noting that its emphasis on impact and outcomes presents an important opportunity to enhance the effectiveness of the partnership. Gallina Vincelette commended the Government of Ethiopia for its ongoing reform efforts and strong economic management, and reaffirmed the World Bank’s commitment to a robust and forward-looking partnership focused on delivering transformative results. Both parties underscored the importance of a collaborative and inclusive process in the preparation of the new Country Partnership Framework.

Addis Ababa, February 3, 2026 (ENA)—Prime Minister Abiy Ahmed said Ethiopia’s inflation rate has declined to 9.7 percent, marking what he described as a “major achievement” following years of sustained macroeconomic and structural interventions. Responding to questions from members of the House of People’s Representatives today, the Prime Minister outlined the comprehensive measures undertaken to curb inflation and stabilize the cost of living. Through targeted subsidies and income adjustments, alongside reforms in the supply chain and improvements in essential utilities such as electricity and water services, the government has managed to bring inflation down to single digits for the first time in many years. “Through subsidies, income increments, and improvements in the supply chain —including work done in electricity and water—Ethiopia has, for the first time, cut inflation to 9.7 percent. This is a significant achievement. It is a major victory,” PM Abiy stated. However, he acknowledged that further reductions are necessary to ease pressure on citizens. The Prime Minister identified key sectors where sustained, long-term interventions are underway to address the root causes of inflation and alleviate burdens on citizens. The first priority, he said, is ensuring adequate food production and efficient distribution. In this regard, the government has established hundreds of food booths in connection with corridor development projects to improve market access and stabilize prices, he elaborated. The second critical issue is housing. Stabilizing rental prices, even at a moderate level, would significantly relieve workers and urban residents facing escalating living costs, PM Abiy noted. ''We are actively working on a national initiative to construct 1.5 million housing units over the coming years. While this target is ambitious, it remains modest in relation to the country's vast housing demand.'' Transport is the third major area of focus, he pointed out, adding that the government is transitioning public transportation systems to operate on natural gas fuel. “We are removing existing engines from buses we manufacture and installing natural gas-powered engines in the buses we are producing. We are manufacturing buses that run on natural gas,” the Prime Minister elaborated. He acknowledged that the process has been technically demanding due to shortages of skilled and adequately trained professionals. Converting conventional engines to gas-powered systems initially required considerable time and expertise. “Although the process has been challenging, in the next six months we will complete the majority of the conversions. Beginning next year, at least in Addis Ababa — and progressively in other cities and regions— we will expand natural gas-powered vehicles that reduce transportation costs,” he said. Education and school feeding programs also form part of the government’s inflation mitigation strategy, he said. Expanding feeding programs is essential to protect vulnerable communities and ensure that poverty does not prevent children from attending school, he noted. Beyond price stabilization, the Prime Minister underscored the importance of raising incomes as a durable solution to inflationary pressures. “Income grows when the economy grows,” he said, linking macroeconomic expansion with improved household purchasing power. He added that the combined impact of current reforms and structural measures will gradually ease inflationary challenges. “The results we have achieved are impressive. But the work that remains is substantial,” the Prime Minister concluded. The government’s approach signals a shift from short-term stabilization measures toward long-term structural solutions aimed at enhancing supply capacity, reducing systemic bottlenecks, and strengthening citizens’ purchasing power.

Addis Ababa, February 3, 2026 (ENA)—Some 2.6 million Ethiopians have benefited from job opportunities over the past six months, according to Prime Minister Abiy Ahmed. Speaking on employment creation today, he told the House of People's Representatives that this achievement reflects the government’s commitment to expanding work opportunities across the country. He stated that more than 670,000 citizens have secured employment in just the last 20 days alone. This happened due to corridor deployments in the capital city and regional cities, industry, and agriculture, mines, and mega projects as well as the new free trade zones. The PM added that overseas employment in six months grew to 350,000, out of which up to 10,000 were skilled professionals. Compared to the same period last year, PM Abiy said, jobs have increased significantly in the past six months.

Addis Ababa, February 3, 2026 (ENA)—The Government of the Ethiopia and the European Investment Bank (EIB) have signed a 110-million Euro loan agreement to support the implementation of the Rural Finance and Development Project. The project aims to improve access to finance for micro-enterprises and small businesses to promote sustainable agricultural and economic practices across all regions. Accordingly, the Development Bank of Ethiopia will channel funds to Rural Financial Institutions, including microfinance institutions and cooperatives, it was learned. The project's financing is further complemented by ongoing co-financing from the International Fund for Agricultural Development (IFAD), including a grant of 35.1 million USD and a loan of 4.8 million USD, as well as additional European Union (EU) support, comprising a Technical Assistance Grant of 8.5 million euros and a separate grant of 8.26 million euros, implemented by IFAD. According to Ministry of Finance, the signing of this landmark support shows a significant strengthening of the longstanding partnership between Ethiopia and the European Investment Bank (EIB). The agreement was signed by Finance Minister Ahmed Shide and Diederick Zambon, European Investment Bank Public Sector Division Head.