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Economy
Ethio telecom, ZTE Seal Major Network Expansion Deal
Mar 9, 2026 1840
Addis Ababa, March 9, 2026 (ENA)—Ethio telecom and ZTE Corporation have finalized a major network expansion and modernization agreement on the sidelines of the Mobile World Congress (MWC) 2026 in Barcelona. The move is expected to significantly strengthen connectivity and accelerate digital inclusion across Ethiopia. The agreement will expand and modernize infrastructure across the ZTE operational circle, covering 647 network sites, including 115 in rural areas. According to Ethio telecom, the initiative will considerably boost nationwide connectivity while extending high speed digital services to communities that have remained underserved. Ethio telecom Chief Executive Officer Frehiwot Tamru, along with members of the company’s executive leadership, held a series of strategic discussions with senior executives of ZTE during the engagement. Once completed, the expansion and modernization program is expected to enhance network capacity, coverage and service quality across the operational area managed by ZTE. The project will raise 4G population coverage to 95.5 percent, enabling millions more citizens, businesses and public institutions to access reliable high speed mobile connectivity. Officials said the initiative will play an important role in expanding digital inclusion by extending advanced mobile broadband services to rural and previously underserved communities. The agreement followed extensive negotiations between Ethio telecom’s leadership and senior management at ZTE headquarters, alongside the company’s technical team supporting the Ethiopian operator. Beyond the infrastructure expansion, the two sides also held forward looking discussions on accelerating implementation of Ethio telecom’s corporate transformation strategy titled “Next Horizon Digital and Beyond 2028.” The partnership underscores the longstanding cooperation between Ethio telecom and ZTE and reflects a shared commitment to strengthening Ethiopia’s digital ecosystem through modern and resilient telecommunications infrastructure. According to Ethio telecom, the initiative will support the country’s broader digital transformation agenda by widening high speed connectivity, enabling new digital services and empowering communities, institutions and businesses across the nation. The company reaffirmed its commitment to investing in advanced technologies and strategic partnerships aimed at strengthening national digital infrastructure and positioning Ethiopia as a rising digital hub on the African continent.
PM Abiy Hails Harari Rural Corridor Village as Model for Community-Driven Development
Mar 9, 2026 703
Addis Ababa, March 9, 2026 (ENA)—Prime Minister Abiy Ahmed has described a newly developed rural corridor village in Ethiopia’s Harari Region as a model for community-driven development. He particularly highlighted the importance of local participation and the use of locally available resources in transforming rural areas. The premier is currently visiting major development projects in the eastern part of the country, particularly in the cities of Dire Dawa and Harar, with the tour having begun yesterday. Speaking about the project located in Sofi Woreda, specifically in Burqa Kebele, the prime minister said the small village demonstrates how coordinated planning and community engagement can significantly improve rural living conditions. “The rural corridor in Harari region located in Sofi Woreda, Burqa Kebele, is a model small village developed through community participation and the use of locally available materials,” he said. According to the prime minister, the village was constructed with strong involvement from local residents, reflecting a practical approach to rural development that integrates traditional construction techniques with organized planning. He added that such initiatives can serve as examples for similar projects aimed at strengthening rural infrastructure and improving livelihoods across the country. The development is part of broader efforts to promote sustainable rural transformation by mobilizing communities, utilizing local materials, and improving basic services in smaller settlements. Officials say the approach seeks to balance modernization with locally rooted practices while encouraging greater community ownership of development projects.
PM Abiy Ahmed Arrives in Harar, Visits Community Built Model Village
Mar 9, 2026 775
Addis Ababa, March 9, 2026 (ENA)—Prime Minister Abiy Ahmed arrived in Harar today for a working visit following the conclusion of his engagements in Dire Dawa. According to a social media update from the Office of the Prime Minister, the historic city, widely known as the “City of Love,” welcomed the prime minister and First Lady Zinash Tayachew upon their arrival in the Harari Region. The visit forms part of the prime minister’s broader engagements in eastern Ethiopia. The Prime Minister visited a rural corridor development project in Burqa Kebele of Sofi Woreda in the Harari Region. The site is a model village developed through strong community participation and the use of locally available materials. Constructed with active involvement from local residents, the village reflects a practical approach to rural development that combines traditional building techniques with organized planning. The model settlement demonstrates the region’s commitment to structured and sustainable rural development. The premier praised residents for their collective effort in building a modern living environment that blends traditional Harari architectural styles with essential infrastructure. The initiative shows how community led efforts and the use of local resources can contribute to sustainable rural development while improving the living conditions of residents.
Dire’s Corridor Dev’t Enabling Realization of Comfortable Public Recreation Areas, Says PM Abiy
Mar 9, 2026 754
Addis Ababa, March 9, 2026 (ENA)—Dire’s corridor development project is enabling the realization of comfortable public recreation areas and improved environmental aesthetics, Prime Minister Abiy Ahmed said. In his social media message today, PM Abiy noted that Dire’s corridor development project is enabling the realization of comfortable public recreation areas, improved environmental aesthetics, and well-maintained community gathering spaces in Dire. The corridor also includes electric vehicle charging stations, shops, cafeterias, and properly standardized parking areas, creating opportunities for residents of the city to generate income, he further stated. Accompanied by First Lady Zinash Tayachew, PM Abiy also visited the Ethiopian Conformity Assessment Enterprise yesterday in Dire Dawa. The facility will provide quality assurance testing for a wide range of products, including edible oils, petroleum and fuel products, food items, cosmetics and detergents, as well as construction materials and industrial inputs. The initiative is expected to strengthen standards compliance and support local industries by ensuring product quality and safety. During his Dire Dawa city inspection visit, the Premier reviewed the Dire Mesob One-Stop Center. This five-story digital hub, sprawling across 3,000 square meters, currently streamlines over 73 government services. The center stands as a testament to the administration's drive toward efficiency, bringing essential public services closer to the citizens of the "Queen of the Desert."
Premier Highlights Expanded Quality Assurance Services with New Laboratory in Dire Dawa
Mar 8, 2026 781
Addis Ababa, March 8, 2026 (ENA)—Prime Minister Abiy Ahmed said quality assurance services for manufacturers and service providers in the Dire Dawa area have been expanded with the establishment of a new testing laboratory. The Premier is inspecting various development and service-delivery projects during his visit to Dire Dawa. He arrived earlier in the afternoon accompanied by First Lady Zinash Tayachew and received a ceremonial welcome at the airport from local officials. During the visit, the Premier also reviewed the Dire Mesob One-Stop Center, a facility currently providing digital government services to citizens across approximately 73 service areas. Built on more than 3,000 square meters of land, the center features a five-story building with a terrace and is designed to improve the efficiency and accessibility of public services. In a social media post following his visit to the Ethiopian Conformity Assessment Enterprise Dire Dawa branch, the Prime Minister noted that, in addition to previously available services linked to the region’s free trade zone and dry port operations, the new laboratory will improve access to testing and certification services for businesses in the area. “The Ethiopian Conformity Assessment Enterprise is a government organization that provides quality assurance services for products and services. It operates based on international procedures and systems, delivering certification services to manufacturers, service providers, exporters, importers, regulatory authorities, research institutions, and the wider consumer community,” he noted. According to Abiy Ahmed, the facility will provide quality assurance testing for a wide range of products, including edible oils, petroleum and fuel products, food items, cosmetics and detergents, as well as construction materials and industrial inputs. The initiative is expected to strengthen standards compliance and support local industries by ensuring product quality and safety.
Women Taking to the Skies ✈️
Mar 8, 2026 1548
Addis Ababa, March 8, 2026 (ENA)— Before dawn at Addis Ababa Bole International Airport, the terminal hums with the quiet rhythm of early departures. Pilots review flight plans, technicians complete final checks, and cabin crew greet passengers with calm confidence. But today, something feels different. Every role, from the cockpit to the control tower is being carried out by women. To mark International Women’s Day, Ethiopian Airlines, Africa's leading carrier, has launched eight special flights operated entirely by women, celebrating their growing leadership and impact across the aviation industry. For many passengers, the moment becomes clear when the captain’s voice comes over the intercom. It is a woman’s voice, steady, professional, and proud welcoming travelers aboard a flight that represents more than just a journey from one city to another. The landmark flights are staffed exclusively by female pilots, cabin crew, technicians, and air traffic professionals. From Addis Ababa, they depart to destinations across Africa, Europe, and Asia, along with a domestic route to Dire Dawa. Aircraft operated by the all-female teams are flying to Cairo, Djibouti, Nairobi, Frankfurt, Accra, Mumbai, Windhoek, and Dire Dawa, a network of routes symbolizing the strength, professionalism, and progress of Ethiopian women in aviation. For the airline, the initiative has become a meaningful tradition. This year marks the tenth consecutive year that Ethiopian Airlines has organized all-female operated flights for International Women’s Day. Over the past decade, the event has grown from a symbolic gesture into a powerful statement about opportunity and representation in a field historically dominated by men. Speaking at a ceremony attended by government officials, ambassadors, and invited guests, Ethiopian Airlines Group Chief Executive Officer Mesfin Tasew said the initiative aims to showcase women’s participation across aviation professions, including pilots, aircraft technicians, engineers, and cabin crew. The CEO noted that women currently make up around 40 percent of the airline’s workforce and hold about 35 percent of leadership positions. He added that the number of female pilots has reached 95 and continues to grow. He emphasized that diversity is a strategic strength for the airline and that employees are evaluated based on skills and performance rather than gender. As part of the celebration, the airline is operating special flights staffed entirely by women to destinations including Cairo, Nairobi, and Frankfurt. UN Women Country Representative Jennet Kem commended Ethiopian Airlines for promoting women’s leadership in an industry traditionally dominated by men. She said the initiative goes beyond symbolism and demonstrates what institutions can achieve when they create opportunities for women to realize their full potential. The country representative also noted that the global theme for International Women’s Day 2026 focuses on “Rights, Justice and Action for All Women and Girls,” calling on governments and institutions to strengthen women’s rights and remove barriers to equality. Ergoge Tesfaye, Minister of Women and Social Affairs, praised the airline for setting an example for the aviation industry. “The all-women flights are an inspiring initiative that breaks stereotypes and demonstrates the limitless potential of women in fields traditionally dominated by men,” she said. According to the minister, the ministry has launched a nationwide campaign marking 15 years of Ethiopian women’s voices for equality and a prosperous country, emphasizing the importance of continued efforts to advance gender equality. She called on both the public and private sectors to strengthen their roles in empowering women and creating opportunities for women and girls. “Gender equality requires collective action from governments, institutions, and society,” the minister underscored. Behind the scenes, the preparation involves dozens of women working together, engineers ensuring aircraft safety, dispatchers planning routes, and air traffic professionals guiding flights through busy skies. Each role reflects years of training, discipline, and determination. For young girls watching from airport terminals or following the flights online, the message is clear: aviation is no longer a distant dream reserved for a few. It is a path that is opening wider with each passing year. As one of the aircraft lifts off from Addis Ababa, its ascent carries more than passengers and cargo. It carries a message of possibility. When women are given the chance to lead, innovate, and fly, the horizon expands for everyone. And for the next generation of aspiring pilots, engineers, and aviation professionals, the sight of these flights crossing continents sends a powerful reminder: the sky is not the limit. It is just the beginning.
Ethiopia–Italy Relations Evolve into Strong Strategic Partnership, Says Ambassador Demitu
Mar 8, 2026 2651
Addis Ababa, March 8, 2026 (ENA)—Ethiopia’s Ambassador to Italy, Demitu Hambisa, has said relations between Ethiopia and Italy have evolved into a strong and forward-looking strategic partnership as the two countries expand cooperation across political, economic and development sectors. The ambassador noted that the recent visit of Italian Prime Minister Giorgia Meloni to Addis Ababa marked a significant milestone in strengthening diplomatic and economic ties between the two nations. In her latest interview with Libyan media outlets, Ambassador Demitu said Ethiopia and Italy share deep historical connections that have gradually developed into a dynamic modern partnership under the leadership of both governments. According to the ambassador, growing collaboration reflects the strong commitment of both countries to deepen engagement in key sectors and reinforce their longstanding friendship. Ambassador Demitu highlighted Ethiopia’s hosting of the second Italy–Africa Summit in Addis Ababa on February 13, 2026, describing the event as an important step in expanding bilateral and continental engagement. She stressed that cooperation is expected to grow further under Mattei Plan for Africa, Italy’s initiative aimed at strengthening partnerships with African countries in areas such as energy, infrastructure and development. “Given Ethiopia’s central role in continental affairs, we are committed to promoting the objectives of the Mattei Plan and ensuring its benefits are shared throughout the region,” the ambassador said. She added that Ethiopia is honored to serve as the first pilot country for the initiative, positioning Italy as a strategic bridge between Africa and Europe. Ambassador Demitu noted that Italy remains an important partner in Ethiopia’s development agenda, with financial and technical cooperation steadily expanding. She highlighted the role of Italian construction company Webuild in Ethiopia’s infrastructure transformation, particularly in the energy sector. Webuild was involved in the construction of the Grand Ethiopian Renaissance Dam (GERD), Africa’s largest hydroelectric power plant and the seventh largest in the world. The project, inaugurated last September, has a generating capacity of 5,150 megawatts and is expected to significantly increase Ethiopia’s domestic electricity supply while boosting power exports to neighboring countries. The ambassador described the dam as a historic achievement that strengthens Ethiopia’s development capacity and promotes regional energy integration. She added that cooperation with Webuild continues through the Koysha Hydroelectric Project, which will have an installed capacity of 2,160 megawatts. The project is part of the cascading dam system on the Omo River, alongside the Gilgel Gibe I Dam, Gilgel Gibe II Dam, and Gibe III Dam. Ambassador Demitu said additional opportunities remain for Italian investment, particularly in renewable energy and other priority sectors. Addressing regional security issues, the ambassador emphasized that the security of the Red Sea, the Gulf of Aden and the Indian Ocean is directly linked to Ethiopia’s national security. She noted that Ethiopia’s pursuit of sea access has sometimes been misrepresented, reaffirming that the country has no intention of using force to secure its internationally recognized rights. Ambassador Demitu also stressed Ethiopia’s commitment to cooperation, dialogue and peaceful coexistence with Eritrea. She added that the absence of an inclusive regional framework that brings together both coastal and landlocked states remains a key challenge that requires constructive solutions.
Japan Eyes Investment in Women-Led Market Development in Ethiopia’s Somali Region
Mar 6, 2026 1474
Addis Ababa, March 6, 2026 (ENA)—The Government of Japan has signed a grant agreement to support the construction of fruit and vegetable market sheds for women entrepreneurs in Gode City, located in the Shabelle Zone of the Somali region of Ethiopia. The grant contract for “The Project for the Construction of Fruit and Vegetable Market for Women in Gode City” was signed on today by Shibata Hironori, Ambassador of Japan to Ethiopia, and Abdullahi Sultan Ali, Executive Director of Association Develop Horn. The initiative will support the construction of three fruit and vegetable market sheds, including the installation of electricity and water supply systems. The project will also include a toilet facility with two rooms as well as separate pedestrian and vehicle gates to improve accessibility and sanitation at the market site in Gode. Once completed, the market will enable 100 women entrepreneurs to sell fresh fruits and vegetables throughout the year in a safer and more organized environment, helping them secure a stable source of income. In addition, more than 20,000 residents in the surrounding community will benefit from improved access to fresh produce in a hygienic market setting. Through Japan’s Grant Assistance for Grass-roots Human Security Projects (GGP), the country will provide funding of up to 9.4 million Birr to implement fruit and vegetable market sheds project. Since the establishment of the GGP program in 1989, the Government of Japan has implemented over 450 community-based projects across Ethiopia, it was indicated. The program supports local development initiatives in sectors such as education, health, economic development, vocational training, water and sanitation, and food security, with the aim of improving human security at the grassroots level.
Ethiopia Presents National Energy Compact at ‘Mission 300’ Conference in South Africa
Mar 6, 2026 1478
Addis Ababa, March 6, 2026 (ENA)—Ethiopia has presented its National Energy Compact at the Mission 300 conference in Cape Town, South Africa, outlining an ambitious roadmap to expand electricity access, attract investment, and strengthen the country’s renewable-based power sector. The conference, organized under the Mission 300 initiative of the World Bank and the African Development Bank, aims to provide electricity access to 300 million people across Sub-Saharan Africa by 2030. The gathering brought together energy and finance ministers, development partners, lending institutions, and private sector leaders to accelerate energy access across the continent. Presenting Ethiopia’s compact during the forum, Minister of Water and Energy Habtamu Itefa said the strategy is anchored on five key pillars: expanding electricity and clean cooking access, strengthening energy infrastructure, increasing regional power trade, enhancing institutional capacity in the sector, and promoting private sector participation. Habtamu said the government is working toward 75 percent national electrification coverage by 2030, a target expected to deliver electricity to an additional 50 million Ethiopians. He noted that Ethiopia is building on its strong renewable energy foundation, dominated by hydropower, while expanding generation, transmission, and distribution infrastructure. The country plans to increase its installed power generation capacity to 14,000 megawatts by 2030, while maintaining its position as one of Africa’s leading renewable energy producers. The compact also prioritizes expanding clean cooking access to 58 percent of the population as part of broader efforts to improve energy access and reduce environmental impacts. Habtamu highlighted Ethiopia’s growing role in regional energy integration, noting that the country already exports electricity to neighboring states and is developing additional cross-border interconnections to strengthen regional power trade. He also pointed to ongoing reforms aimed at improving the efficiency and financial sustainability of the power sector, while creating a more favorable environment for private sector investment. Ethiopia is among the second cohort of Mission 300 countries and developed its National Energy Compact as a framework to accelerate electrification and mobilize large-scale investment. The compact was formally endorsed on the sidelines of the United Nations General Assembly in September 2025 in the presence of Ethiopian President Taye Atske Selassie. Addressing participants, Habtamu invited development partners and private investors to expand their engagement in Ethiopia’s energy sector, assuring them of the government’s commitment to supporting strategic investments. Mission 300, launched in April 2024 by the World Bank Group and the African Development Bank, is a flagship initiative aimed at dramatically expanding electricity access across Sub-Saharan Africa through policy reforms, increased financing, and stronger public-private partnerships.
Ethiopian Securities Exchange Launches Mobile Trading Application
Mar 5, 2026 1609
Addis Ababa, March 5, 2026 (ENA)—Ethiopian Securities Exchange (ESX) has launched a new mobile app dubbed "Neway" that aims at expanding capital markets accessibility across the nation. ECX's first web and mobile trading application also aims to create conducive investment ecosystem for all and expand Ethiopian capital market investment through mobile trading for all people nationwide. The app is developed in collaboration between ESX and Infotech Private Limited, it was learned. Addressing the occasion, Ethiopian Investment Holdings (EIH) CEO and Board Chairperson of ESX, Brook Taye, said the launching of Neway is a great achievement for the transformation of the sector, commending the unwavering commitment of the government. As Ethiopia's digital financial transaction booms in recent years, Ethio Telecom's Tele Birr has reached over 50 million subscribers, he added. Ethiopian Capital Market Authority Director-General, Hana Tehelku, said on her part that the new trading app is designed to be more inclusive and participatory for all. Stating that Neway is also instrumental to leapfrog into the global market, she noted that it is a new milestone in Ethiopia's capital market journey. Similarly, Chief Executive Officer of ESX, Tilahun E. Kassahun, emphasized that the launching of the app marks a crucial chapter in Ethiopia's ambition to realize a globally standardized securities exchange. The CEO said the mobile app is designed to fit both for investors that are investing for the first time and for the experienced ones. In addition, he stated that Neway Trading app aims at boosting Ethiopia's financial ecosystem by expanding market engagements.
Ethio Telecom, Ericsson Sign Network Expansion, Modernization Agreement
Mar 5, 2026 2252
Addis Ababa, March 5, 2026 (ENA)—Ethio telecom announce today the signing of a landmark network expansion and modernization agreement with its strategic partner, Ericsson, marking another major step in advancing Ethiopia’s digital infrastructure. The agreement signed at MWC Barcelona, the largest and most influential connectivity event in the world, is in line with Ethio telecom's three-year Next Horizon Strategy, it was learned. This major project includes the expansion, upgrading, 4G layering, and deployment of new capabilities across 1,500 mobile sites within the Ericsson network-managed circle. According to Ethio telecom, this comprehensive modernization initiative will significantly enhance network coverage, quality, and capacity. By replacing legacy infrastructure with state-of-the-art technology, it said the implementation of the project will substantially boost 4G coverage and capacity while expanding 5G footprint, enabling the high-speed connectivity required for a modern digital economy. Beyond urban areas, the agreement strongly prioritizes digital inclusion. The project specifically targets 75 rural solution sites with tailored mobile solutions aimed at bridging both the coverage and usage gaps in rural areas that have no access to commercial power. This effort is further strengthened through the modernization of 502 existing 3G sites, upgrading them to fully 4G ready. Within the Ericsson circle, the project will add 2.8 million in new 4G capacity, bringing the total capacity to 4.1 million. It will also expand LTE services to 157 additional towns, increasing the total number of connected towns to 276, while boosting population coverage by 45 percent, reaching an overall 85percent population coverage in the region. This agreement will also serve as a powerful foundation for Ethiopia’s growing digital ecosystem, supporting national platforms such as telebirr, ZemenGebeya, and Znexus, which are transforming how Ethiopians live, work, and transact. Ethio telecom remains fully committed to investing in advanced technologies and strategic partnerships to ensure that Ethiopia continues to emerge as a leading digital hub in Africa, delivering a brighter and more connected future for all.
ECTA Confident in Strategy Set to Penetrate Specialty Coffee Markets in Global Market
Mar 5, 2026 803
Addis Ababa, March 5, 2026 (ENA)—The Ethiopian Coffee and Tea Authority (ECTA) has expressed its confidence in Ethiopia's strategy to enhance quality and penetrate specialty coffee markets in the global market. In a presser addressing the current state of the global coffee market, Ethiopian Coffee and Tea Authority Director-General, Adugna Debella, revealed that implementations aimed at improving the quality and quantity of Ethiopian coffee have resulted in significantly better revenue from the global market over the last five years. According to him, efforts to streamline the coffee value chain, alongside increasing production and productivity, have been central to this strategy. More than 2,000 farmers have obtained export licenses, with approximately 500 actively exporting their products, he added. In the 2018 Ethiopian fiscal year, the country has produced approximately 1.5 million metric tons of coffee, and is striving to secure around 3 billion USD by the end of the fiscal year. Coffee exports have generated over 2.6 billion USD in the past Ethiopian fiscal year, it was learned. The Director-General expressed confidence in Ethiopia's strategy to enhance quality and penetrate specialty coffee markets. Adugna urged producers and suppliers to promptly market their products, emphasizing that international coffee price may decline in the foreseeable future. He stressed that the law mandates that coffee must be exported within the same year it is produced. Furthermore, Director-General announced on the occasion the establishment of a national anti-smuggling task force to oversee activities aimed at illicit coffee trading.
Bangladesh Eyes Stronger Trade, Investment Links with Ethiopia
Mar 5, 2026 3182
Addis Ababa, March 5, 2026 (ENA)—Bangladesh has reaffirmed its commitment to deepening bilateral relations with Ethiopia, placing trade and investment at the center of its diplomatic engagement. In an exclusive interview with ENA, Bangladesh’s Ambassador to Ethiopia, Air Vice Marshal Sitwat Nayeem, said Dhaka is keen to expand cooperation and unlock untapped commercial opportunities between the two nations. “The present status of the relationship between Ethiopia and Bangladesh is very good since we established our embassy in Addis Ababa in 2016. The relationship has been growing slowly but steadily, and I am trying my best to connect with the different people to make this relationship even better,” Nayeem stated. He noted that bilateral ties have progressed steadily with sustained political goodwill providing a solid platform for enhanced economic collaboration. The ambassador also recalled that Bangladesh’s foreign minister visited Addis Ababa last year for talks with his Ethiopian counterpart, focusing on expanding cooperation and exploring growth strategies. Despite the positive trajectory, Nayeem acknowledged a persistent information gap between the business communities of both countries. “There is a lack of knowledge between both the business people of both countries. Ethiopian business people do not know what the opportunities are in Bangladesh and Bangladesh business people also do not know what the opportunities are here in Ethiopia,” he explained. He stressed that stronger business to business engagement and sustained policy dialogue would be essential to bridge this gap and stimulate trade flows. Nayeem said a recent Bangladesh Ethiopia trade show revealed considerable potential for collaboration, particularly as Bangladeshi participants observed Ethiopia’s rising demand for industrial and consumer goods amid rapid economic growth. “Ethiopia is growing very fast. Development is progressing rapidly. So the country needs a lot of resources and supplies, and that is where Bangladeshi businesspeople can come in,” he said. Agriculture emerged as a natural area for partnership. The ambassador highlighted the complementarity between Ethiopia’s coffee exports and Bangladesh’s global leadership in jute production. “One of the important sectors that I recognize is that the main export here is coffee and, you know, for preserving coffee, you need a jute bag. Bangladesh produces the largest amount of jute in the world, but we do not export to Ethiopia,” he emphasized. He added: “This is one sector that we need to connect the business people, the Ethiopian coffee business people with the jute business people of Bangladesh.” Pharmaceuticals were also identified as a promising field for cooperation, alongside other manufacturing sectors where Bangladesh has developed competitive capacity. “My job right now is to connect this to people and share the opportunities in both our countries so that they can come together and do business and increase the trade volume,” Nayeem added. Encouraging Bangladeshi investors to view Ethiopia as a gateway to the broader African market, the ambassador pointed to the advantages offered under the African Continental Free Trade Area, which provides expanded access across the continent.
Ethiopia Inks Bilateral Market Access Protocol with Japan at WTO Headquarters
Mar 5, 2026 2273
Addis Ababa, March 5, 2026 (ENA)—Ethiopia and Japan have signed a Bilateral Market Access Protocol at the headquarters of the World Trade Organization (WTO) in Geneva, marking another important milestone in Ethiopia’s ongoing accession process to the global trade body. The agreement was concluded by Tsegab Kebebew Daka, Permanent Representative of Ethiopia to the UN Office at Geneva and other International Organizations in Switzerland and Nagai Katsuro, Permanent Representative of Japan to the WTO. With this latest agreement, Ethiopia has now concluded bilateral market access negotiations with seven WTO members including China, Turkey, Argentina, Russia, Brazil, Thailand, and Japan. Ethiopia will continue working diligently to finalize and sign additional agreements with other WTO members in the coming months. Meanwhile, preparations are underway for the 7th Working Party Meeting on Ethiopia’s WTO accession, scheduled to take place in April. Ethiopian officials are working closely with relevant stakeholders to ensure that the country’s accession to the WTO is successfully completed by 2026.
Ethiopia, AfDB Strengthen Strategic Alliance on Various Sectors
Mar 4, 2026 1334
ADDIS ABABA, March 4, 2026 - Ethiopia and the African Development Bank (AfDB) Deepen Strategic Partnership Across various agenda including infrastructure, reform, and climate priorities. They have reaffirmed their expanding development alliance, pledging deeper coordination across infrastructure, macroeconomic reform, energy, and climate priorities as the country advances its structural transformation drive. State Minister of Finance Semereta Sewasew received a high-level delegation from the African Development Bank led by newly appointed Executive Director Cafriene Ronald Justin to review the Bank’s broad engagement in Ethiopia and align on forward looking strategic priorities, according to the Ministry of Finance. According to a post on the social media of the ministry, discussions highlighted that the AfDB remains one of Ethiopia’s leading multilateral development partners, with a diversified portfolio covering infrastructure, energy, agriculture, private sector development, climate action and economic reform support. Semereta stressed that Ethiopia’s ongoing macroeconomic and structural reforms are building a firmer foundation for sustainable and inclusive growth. She noted that the Bank’s budget support operations have played a critical role in strengthening fiscal stability, advancing policy reforms and sustaining reform momentum during a delicate economic transition. “Beyond financing, the Bank’s engagement demonstrates strong confidence in Ethiopia’s reform trajectory and long-term development vision,” she said. Infrastructure development remains central to the partnership. Among the flagship initiatives is the Bishoftu Airport Mega Project, envisioned as a transformative continental aviation hub designed to expand logistics capacity and enhance regional connectivity. “The Bishoftu Airport project is not merely an Ethiopian initiative; it is a flagship African project,” Semereta stated, underscoring its importance for regional integration, trade facilitation and Africa’s global competitiveness. In addition to aviation, the AfDB continues to support strategic transport corridors, urban infrastructure, and water and sanitation systems that serve as pillars of economic transformation. Energy represents the largest share of the Bank’s commitments in Ethiopia, reflecting national priorities to expand power generation, strengthen transmission networks and accelerate renewable energy development. The support aligns with Ethiopia’s ambition to position itself as a regional clean energy hub while advancing green growth and climate resilience. The talks also covered collaboration in climate finance and preparations related to COP32, highlighting Ethiopia’s role in promoting low carbon infrastructure and sustainable development. Both sides emphasized the importance of scaling up private sector engagement as Ethiopia moves toward a more competitive, private sector led growth model. The Bank’s backing of financial sector reforms, privatization initiatives and small and medium enterprise development is helping mobilize investment and unlock new economic opportunities. Agricultural transformation featured prominently in the discussions, with particular focus on the poultry value chain. The sector offers strong potential for job creation, food security, import substitution and rural income growth while supporting agro-industrial expansion. Semereta welcomed the successful replenishment of the African Development Fund, the concessional window of the AfDB Group, noting that it enhances the Bank’s ability to deliver transformative investments in low-income countries including Ethiopia. She said the replenishment reflects sustained global confidence in the Bank’s development mandate and ensures predictable financing for priority sectors. Executive Director Cafriene Ronald Justin commended Ethiopia’s steady reform progress and expressed satisfaction with the performance and impact of the Bank’s portfolio in the country. He reaffirmed the AfDB’s commitment to supporting Ethiopia’s sustainable structural transformation. The meeting concluded with both parties reiterating their shared resolve to accelerate implementation, strengthen strategic coordination and ensure that the AfDB Ethiopia partnership continues to drive inclusive growth, regional integration and long-term prosperity.
CBE to Strengthen Multi-Faceted Support for Manufacturing Sector: CBE President
Mar 4, 2026 1950
Addis Ababa, March 4, 2026 (ENA) –Commercial Bank of Ethiopia (CBE) will continue to bolster its comprehensive support for the manufacturing industry, bank’s president, Abe Sano said. Senior officials from the National Manufacturing Industry Council recently conducted field visits to various production facilities in Sheger, Bishoftu, and Adama. These visits were designed to provide a firsthand understanding of the bottlenecks facing the sector and to facilitate swift solutions through the Council's mandate. Abe, who serves as a member of the Council, informed ENA that the bank remains committed to deepening its assistance. He noted that by identifying the specific challenges within the industry, the bank is providing critical support through both financing and foreign currency allocations. The president highlighted that industrial financing currently commands the largest share of the bank’s total loan portfolio. More than 45 percent of the bank's total credit is dedicated specifically to the manufacturing sector, Abe said. While acknowledging that manufacturers continue to seek additional financial resources, Abe indicated that the bank has recognized the need to sharpen its focus and expand its capacity to meet this demand. He reaffirmed the bank’s commitment to enhancing its overall financial reach to ensure the sector's continued growth.
Ethiopia’s Quest for Access to Sea Vital for Security, Economic Growth: Former Decorated Air Force Commander
Mar 3, 2026 1480
Addis Ababa, March 3, 2026 (ENA) –Ethiopia’s quest for access to the sea is related to its security and economic growth, according to Brigadier General Tesfaye Habte Mariam, a former decorated Air Force Commander and recipient of the Ethiopian War Medal. He explained that Ethiopia's state of landlockedness is not only hindering the country's overall development, but also creating difficult conditions in ensuring its sovereignty. Recall that PM Abiy Ahmed recently told the House of People's Representatives that Ethiopia has been striving to sustainably solve regional problems. He stressed that Ethiopia and the Red Sea will not remain separated forever, adding that efforts will continue to ensure that the country's just demands are met peacefully and through give-and-take negotiations. Speaking to ENA exclusively, Brigadier General Tesfaye Habte Mariam said the lack of access to the sea has forced Ethiopia to become dependent on the goodwill of other countries for import and export. This harms the national economy as cost for port services inflate and price hikes rise exorbitantly. It also creates obstacles to foreign investment, he added. Securing access to the sea helps us to have control of national security. Therefore, the quest is not a luxury; rather a matter of survival and the means to preserving national security. According to him, the diplomatic approach by the government to secure sea access based on peaceful means and the principle of give and take is both impressive and a source of pride. He expressed his belief that the government's stance, which emphasizes mutual growth and security, will enable the country to secure access to sea in a short period. ‘Brigadier General Tesfaye further stated that the establishment of a naval force prior to securing sea access is a wise move. Once Ethiopia gains access to the sea, a force will be required to protect it. Therefore, organizing the force in advance is an appropriate and correct preparation, he stressed. Expressing his firm belief that one day Ethiopia will own a sea outlet, he affirmed his satisfaction that the established naval force is ready to fulfill this historic responsibility. President Taye Atske Selassie stated during yesterday's 130th Victory of Adwa celebration that Ethiopia's quest for reliable sea access is inseparable from the legacy of history and sovereignty entrusted to Ethiopians by the martyrs of Adwa.
February 2026 Marks Defining Economic, Political Milestone as Ethiopia Accelerates National Transformation
Mar 3, 2026 2723
Addis Ababa, March 3, 2026 (ENA) –February 2026 was defined by economic and political milestone in which pioneer digital services, extensive infrastructure and ecotourism development were launched along with strengthened strategic global partnerships, according to Office the Prime Minister. 𝐏𝐚𝐫𝐥𝐢𝐚𝐦𝐞𝐧𝐭𝐚𝐫𝐲 𝐀𝐝𝐝𝐫𝐞𝐬𝐬: 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐚𝐧𝐝 𝐏𝐨𝐥𝐢𝐭𝐢𝐜𝐚𝐥 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐃𝐢𝐫𝐞𝐜𝐭𝐢𝐨𝐧𝐬 During the 10th Regular Session of the House of Peoples’ Representatives, Prime Minister Abiy Ahmed highlighted Ethiopia’s successful shift toward a diversified, multi-sectoral economy, projecting a 10.2% GDP growth rate by year-end. He reported significant progress in fiscal discipline, noting that the government has not entered into any new commercial loan agreements in US dollars since the reform began, effectively easing the national debt burden. The Prime Minister shared record-breaking six-month results, including 5.1 billion USD from merchandise exports (120% of the plan), 4.5 billion USD from service exports, and 4.6 billion USD in remittances. He further underscored Ethiopia's technological leap, citing the establishment of Africa's first AI Institute and the world's second AI University, alongside a surge in connectivity with 97 million mobile users and 58 million mobile money users. Addressing national peace, he emphasized resolving differences through dialogue, the rights of Wolkait residents to live in peace, and the importance of the Tigray people becoming leading actors in the political arena. 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐚𝐧𝐝 𝐔𝐫𝐛𝐚𝐧 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 Prime Minister Abiy Ahmed continued to drive national modernization through massive infrastructure reviews and launches. He personally observed the second phase of corridor development in Hawassa and reviewed the Nekemte corridor project, which features smart traffic management and underground utility systems. 𝐀𝐠𝐫𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐞, 𝐈𝐫𝐫𝐢𝐠𝐚𝐭𝐢𝐨𝐧, 𝐚𝐧𝐝 𝐅𝐨𝐨𝐝 𝐒𝐨𝐯𝐞𝐫𝐞𝐢𝐠𝐧𝐭𝐲 To reinforce food security, Prime Minister Abiy Ahmed conducted extensive field visits to major agricultural sites. He visited a banana cluster farm in Hawa Gelan Woreda under the "Bounty of the Basket" initiative and inspected the Qeto Irrigation Infrastructure Development Project, which ensures reliable water access for various crops. The Prime Minister also reviewed the nearing completion of the Arjo Didessa Irrigation Project and visited fruit development sites along the Bilate River involving private investors. Additionally, he launched the construction of the Busa Gonofa Integrated Food Industry, a modern facility designed to process 2,000 tons of maize daily. 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲, 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥𝐢𝐬𝐚𝐭𝐢𝐨𝐧, 𝐚𝐧𝐝 𝐌𝐢𝐧𝐢𝐧𝐠 Under the Digital Ethiopia 2030 strategy, Prime Minister Abiy Ahmed launched the nation’s first unmanned "smart" police service to enhance law enforcement through technology. In the industrial sector, he reviewed the Arjo Coal Processing Factory, which addresses domestic demand and supports the #MadeInEthiopia movement in increasing industrial capacity to 66.3%. The Prime Minister also visited the Tulu Kapi Gold Development Project in West Wollega, a public-private partnership aimed at harnessing natural resources for national economic growth and local community upliftment. 𝐄𝐜𝐨𝐭𝐨𝐮𝐫𝐢𝐬𝐦 𝐚𝐧𝐝 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 Expanding the "Dine for Generations" portfolio, Prime Minister Abiy Ahmed officially inaugurated the world-class Logo Hayk Resort in Wollo, designed to stimulate local economic transformation and showcase Ethiopia’s heritage. He also inspected the rapid progress of the Sorga Eco Lodge near Nekemte, a 14-hectare project focused on environmental conservation and sustainable tourism. Furthermore, the Prime Minister visited the Rural Corridors Program in Mede Jalela, where modern solar power and biogas systems are improving rural living standards. 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐄𝐧𝐠𝐚𝐠𝐞𝐦𝐞𝐧𝐭𝐬 On the diplomatic front, Prime Minister Abiy Ahmed hosted high-level visits from Italian Prime Minister Giorgia Meloni during the 2nd Italy-Africa Summit, Turkish President Recep Tayyip Erdoğan, and Israeli President Isaac Herzog to discuss on range of issues including but not limited to trade, investment, and regional issues. During an official visit to Azerbaijan, the Prime Minister met with President Ilham Aliyev to sign a Defense Cooperation Agreement and several MOUs covering Digital Transformation, investment, and anti-corruption. He also participated in multiple bilateral meetings with African Heads of State and Government during the 39th AU Summit. 𝐍𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐚𝐧𝐝 𝐈𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧𝐚𝐥 𝐑𝐞𝐟𝐨𝐫𝐦 The Prime Minister attended the 65th-anniversary celebration of the Defense Forces Special Operations Command, where he observed modern airborne and water-borne tactical demonstrations. He commended the command’s reorganization into a modern structure capable of addressing contemporary security challenges. Additionally, the Prime Minister presided over Prosperity Party council meetings to deliberate on strategic priorities and reaffirmed the government's efforts to ensure the upcoming election is peaceful and fair.
Ethiopia Unveils High-Level International Investment Forum Featuring Global Anchor Investors
Mar 3, 2026 2009
Addis Ababa, March 3, 2026 (ENA) – Ethiopia will host the 4th "Invest in Ethiopia" International Investment Forum from March 26 to 27, 2026, aimed at securing over 2.4 billion US Dollar agreements. Briefing journalists today, Ethiopian Investment Commissioner Zeleke Temesgen said that Ethiopian Investment Commission, in collaboration with the Ministry of Finance and Development Partners, will host the forum. The forum, themed "Ethiopia is ready for investment," will take place at the skylight Hotel in Addis Ababa. According to the commissioner, over 800 international investors, business leaders, policymakers, and development partners are expected to attend the forum. The two-day forum will feature high level policy and investment discussion panels; business to business networking programs; networking sessions and investment exhibitions, among others. Zeleke said the forum aims to extensively showcase Ethiopia's favorable investment environment and highlight the significant opportunities arising from recent macroeconomic reforms, he noted. He noted that at last year's forum, five companies in the mining and solar sectors signed agreements valued at 1.6 billion USD. These companies are now operational and exporting their products internationally. The goal for this year's forum is to secure over 2.4 billion USD investment agreements, he noted. Finance State Minister Semereta Sewasew said that the government's macroeconomic reforms are creating an enabling environment for investors. She highlighted the forum as a crucial platform to showcase Ethiopia's vast potential across various sectors, including agriculture, mining, digitalization, and energy. On her part, World Bank Division Director for Ethiopia, South Sudan, Eritrea, and Sudan, Maryam Salim emphasized the significance of the forum particularly at a pivotal moment for Ethiopia. She said, “Ethiopia is at a turning point. The country has good momentum of reforms, macroeconomic stabilization, opening up sectors that were previously off limits to private sector. This year’s forum is particularly timely.” Both the World Bank and the International Monetary Fund have affirmed that Ethiopia possesses the potential for broad-based, double-digit inclusive growth, she noted, stressing that sustained macroeconomic reforms improved competitiveness and revitalized investor confidence are key ingredients for renewed growth and acceleration. Salim noted that significant reforms, including a market-determined exchange rate and customs reforms aligned with WTO standards, are already in place, making a tangible shift towards a more market-driven economy. In this respect, Ethiopia is ready for business and committed to reform, she underscored, encouraging investors to tap investment opportunities in the country. "Our message to local and international investors is clear—Ethiopia has remarkable potential, and now is the time to engage," Salim elaborated, inviting them to look at the evidence-a young and growing population, a strategic location, strong agricultural foundations and an expanding industrial base.
EDR Advances Railway Expansion Through Local Expertise
Mar 2, 2026 2037
Addis Ababa, March 2, 2026 (ENA) – The Ethio Djibouti Railway Corporation has reaffirmed its commitment to expanding Ethiopia’s railway infrastructure by strengthening domestic technical capacity and operational independence. Chief Executive Officer of the Ethio-Djibouti Railway Corporation, Takele Uma, made the remarks as the corporation’s leadership and employees marked the 130th anniversary of the Victory of Adwa with a field visit to ongoing railway development sites. The CEO called on the current generation to honor the legacy of past heroes through tangible development achievements. Staff members toured the AMG–Indoode Link Railway Project, a key segment under construction by the corporation using its own engineers, technicians and operational teams. The project stands as a clear demonstration of the institution’s growing ability to design, manage and execute complex railway works without external contractors "Our forefathers built this nation through sacrifice. It is our responsibility to replicate their contribution by advancing development and strengthening national capacity," he said. Referring to the AMG–Indoode Link Railway Project as a practical example, he emphasized that the corporation is working to deliver major railway projects through homegrown technology, skills and financial capacity. He added that expanding railway infrastructure with domestic expertise will play a vital role in boosting economic integration and supporting Ethiopia’s long term growth ambitions. State Minister of Transport and Logistics Dhenge Boru on his part said expanding railway connectivity remains central to Ethiopia’s transport and logistics strategy, aimed at improving freight efficiency, lowering transportation costs and supporting economic growth. The ongoing projects are expected to enhance network integration and strengthen the country’s position as a regional logistics hub, he added. The visit was described as a reflection of the enduring spirit of Adwa and a renewed pledge to strengthen national development through infrastructure. The state minister also emphasized that Ethiopia is striving to position itself as Africa’s gateway and a leading logistics hub on the continent. He noted that the government is investing massively in transport corridors and railway expansion to enhance connectivity and competitiveness. "As the Victory of Adwa changed the course of world history through the sacrifice of our forefathers, we must now demonstrate the same patriotism in the sphere of development," the state minister noted. He further stressed that ongoing infrastructure projects, particularly in rail and logistics, demonstrate the country’s commitment to sustained growth. The state minister also urged the corporation’s leadership and employees to intensify their efforts to accelerate railway expansion and improve service delivery.