Addis Ababa, April 2, 2026 (ENA) —Ethiopia–China relations remain a model of South–South cooperation grounded in mutual respect and shared development goals, senior officials from the two countries reaffirmed. A high-level Ethiopian delegation led by Minister of Finance, Ahmed Shide held discussions with Miao Deyu, Vice Minister of Foreign Affairs of China, to further strengthen the strategic partnership between the two countries. During the occasion, Minister Ahmed Shide highlighted the strong Ethiopia–China partnership and progress in implementing the outcomes of the Beijing FOCAC 2024.   He also outlined key national infrastructure initiatives, including the Bishoftu International Airport, expected to enhance connectivity between Africa, China, and global markets. Miao Deyu for his part welcomed the delegation and expressed appreciation for Ethiopia’s development achievements and the leadership of Prime Minister Abiy Ahmed. He reaffirmed China’s commitment to supporting Ethiopia’s economic development. Accordingly, the two sides also exchanged views on regional issues and Ethiopia’s role as an anchor for regional integration, stability, and security.   Both sides underscored the importance of continued high-level engagement and reaffirmed that Ethiopia–China relations remain a model of South–South cooperation grounded in mutual respect and shared development goals, ENA learned.

Addis Ababa, April 2, 2026 (ENA) —The Governor of the National Bank of Ethiopia, Eyob Tekalign, met with the Governor of the People’s Bank of China, Pan Gongsheng, to advance a monetary cooperation aimed at deepening trade and investment ties. During the meeting, the NBE provided a comprehensive update on Ethiopia’s debt restructuring progress under the G20 Common Framework, highlighting the nation's resilient GDP growth and successful efforts to manage inflation while rebuilding foreign exchange reserves. Both parties expressed strong interest in establishing bilateral swap lines and trade financing facilities to facilitate smoother commercial flows. Eyob Tekalign highlighted the NBE’s strong potential of increasing RMB reserves, leveraging the significant revenue from Ethiopian Airlines and others, and through transitioning of key export sectors towards RMB settlement. This shift will also support the operating environment for Chinese enterprises in Ethiopia and promote new flows of Foreign Direct Investment. The Governors further discussed the possibilities of modernizing cross-border transactions, through the integration of national payment infrastructures. Pan Gongsheng highlighted the potential avenues for Ethiopian financial institutions joining the Cross-Border Interbank Payment System (CIPS) and expanding the use of China UnionPay to streamline retail and commercial payments. Additionally, both sides explored the development of Central Bank Digital Currencies (CBDCs), with the PBOC supporting through capacity-building and experience-sharing initiatives to fast-track Ethiopia’s digital finance evolution. Pan Gongsheng concluded the meeting by commending Ethiopia’s recent macroeconomic reforms and its proactive stance on debt sustainability. Both leaders reaffirmed their commitment to a long-term, mutually beneficial partnership that aligns with the evolving dynamics of global trade and digital finance.

Addis Ababa, April 2, 2026 (ENA) —Scholars have praised the wide-ranging achievements recorded across multiple sectors following Ethiopia’s national reform, citing rapid progress in key areas of the economy In an interview with ENA, Bonga University President Degela Ergano described the pace of the reform as striking. “The reform is progressing so fast it is unbelievable,” he said. According to Degela, since the emergence of new leadership under Prime Minister Abiy Ahmed, notable results have been registered in technology, tourism, wheat production, coffee development, manufacturing, and infrastructure. He emphasized that technology plays a decisive role in differentiating nations globally, noting that Ethiopia has given strong policy attention to the ICT sector. He added that digital transformation has become a central pillar of the macroeconomic reform agenda, with efforts underway to digitalize public services. Following the completion of the Digital Ethiopia 2025 Strategy, the premier launched the Digital 2030 Strategy in December 2025 to sustain the momentum. Degela also highlighted the expansion of the tourism sector, describing it as unprecedented. “Tourism development has not ever been seen in Ethiopian history,” he said. He pointed to landmark projects such as Unity Park, Sheger Riverside, and Entoto Park, alongside the Dine for Nation initiative, which has led to the development of major destinations including Gorgora near Lake Tana, Wonchi, and Koysha. On manufacturing, he noted that the sector has gained renewed momentum under the Made in Ethiopia movement, positioning it as one of the core pillars of economic transformation. Commenting on infrastructure, Degela praised the ongoing corridor development initiative, which began in Addis Ababa in 2024 and has now expanded to dozens of cities across regional states. He further underscored the significance of the Yelemat Tirufat initiative in boosting productivity of dairy, poultry, and honey, contributing to food self-sufficiency and improved nutrition. Hawassa University Acting President Chirotaw Ayele said the reform has shifted Ethiopia toward a diversified, multi-sector economy. He noted that while agriculture had long dominated the economy, recent reforms have expanded focus to manufacturing, tourism, mining, and ICT. “Certainly, the agriculture sector has been expanded from a single-way harvesting into an irrigation harvesting system, leveraging mechanization as well,” he said. Chirotaw added that irrigation-based wheat production has significantly increased yields, supporting the country’s drive toward food sovereignty. Reflecting on the overall reform momentum, he stated, “The government is working without time constraint,” underscoring the accelerated pace of implementation.

Addis Ababa, April 2, 2026 (ENA) —April 2, 2018 marked a turning point in Ethiopia’s modern history, a day of renewal, commitment, and hope, according to the Government Communication Service. In its statement, the Service described the day as a generational bond, intended to lift the nation from deep-rooted social, political, and economic challenges and set it on a path toward prosperity. From April 2, 2018 to 2026, Ethiopia has faced significant challenges yet emerged stronger, achieving progress across multiple development areas. Through reforms and national efforts, the country has undergone transformation, moving from the brink of crisis toward resilience and renewed strength. This journey has reaffirmed Ethiopia’s identity and standing before the world, the statement added. Politically, April 2 laid the foundation for a public administration system that embraces diversity, strengthens unity, and prioritizes national interests. Inclusive dialogue and transitional justice efforts have helped sustain this environment. Federal states have exercised greater self-governance, political parties compete more openly, and power-sharing has evolved toward a more cooperative and consensus-driven system. Economically, the period marked a shift from crisis toward recovery and restructuring. Previously burdened by debt and restrictive policies, the country has pursued major reforms, debt restructuring, and economic diversification beyond agriculture. Landmark projects, particularly the Grand Ethiopian Renaissance Dam (GERD), have opened new pathways for energy independence, resilience, and national development. Diplomatically, Ethiopia has evolved from a largely defensive posture to a more active and agenda-setting role, hosting global leaders and contributing to African continental discourse. At the same time, many cities have undergone visible renewal through infrastructure expansion, technological advancement, and corridor development, supporting a generation increasingly oriented toward digital progress. Socially, national unity has deepened alongside diversity. Differences have increasingly been embraced as a source of strength, while solidarity has been reinforced through shared national experiences. Collective responses to natural disasters and external pressures have reflected resilience and a strong sense of identity, reinforcing pride across generations. Today, Ethiopia continues to safeguard its sovereignty in politics, economy, energy, and food security. Its leadership in renewable energy and the transition toward clean mobility reflect a commitment to innovation and sustainability. Despite ongoing challenges, the country advances with growing influence, a dynamic economy, and the enduring perseverance of its people, the statement concluded.

Addis Ababa, April 2, 2026 (ENA) —A high-level Ethiopian delegation led by Finance Minister Ahmed Shide, held consultations with Liu Junfeng, Vice Chairman of China International Development Cooperation Agency (CIDCA) to further deepen bilateral development cooperation between Ethiopia and China. Both sides discussed ways to enhance collaboration in line with Ethiopia’s national development priorities, with a focus on sustainable growth and structural economic transformation, according to Ethiopia’s Ministry of Finance. The Ethiopian delegation highlighted ongoing economic reforms and emphasized the importance of continued partnership in supporting long-term development goals.   On his part, Vice Chairman Liu Junfeng reaffirmed China’s commitment to supporting Ethiopia through expanded cooperation, including concessional financing, technical assistance, and capacity-building initiatives. The two sides also reviewed ongoing joint projects and explored opportunities for further collaboration in key sectors such as railway infrastructure, agriculture, digital development, industry, and healthcare.   The meeting concluded with a shared commitment to strengthen institutional engagement and ensure closer coordination in translating mutual development priorities into concrete outcomes, reinforcing the comprehensive Ethiopia–China partnership.

Addis Ababa, April 1, 2026 (ENA) —Ethiopia has attracted more than 1.2 million international tourists over the past nine months, generating upwards of 2 billion US dollars in revenue, the Ministry of Tourism revealed. The ministry attributes this momentum to sweeping reforms and flagship development initiatives that are reshaping the sector. Teshome Teklu, Lead Executive Officer for the Promotion Sector told ENA that the steady increase in visitor numbers is a direct result of sustained reforms implemented over the past five to six years. Prime Minister Abiy Ahmed has spearheaded a series of flagship initiatives, including “Dine for Sheger,” “Dine for Nation,” and “Dine for Generation,” aimed at elevating Ethiopia’s global tourism profile and unlocking its vast as well as underutilized destinations. Among the most notable projects is the Beautifying Sheger Project, an ambitious urban renewal program focused on revitalizing riversides in the capital, creating green spaces, walkways, and recreational areas. The success of this initiative has paved the way for further developments under the “Dine for Nation” program, targeting world-class tourist destinations in Gorgora, Wanchi, and Koyisha. The government has also prioritized the restoration and preservation of historic landmarks such as Harar Jugol and Fasil Ghebbi, enhancing their appeal to international visitors while safeguarding cultural heritage, according to the lead executive officer.   “These all make us one of the competing countries in Africa in terms of tourist flow or tourist arrival,” he said. In parallel, Ethiopia has expanded its capacity to host international conferences and events, further boosting tourism inflows. These combined efforts have positioned the country as one of Africa’s increasingly competitive tourism destinations. “In the past nine months, we have attracted over 1.2 million tourists and generated more than 2 billion USD,” Teshome stated, adding that domestic tourism has also surged, with over 30 million local travelers contributing more than 60 billion Birr to the economy. Global recognition is also growing, Teshome also pointed out. “We have been among the most promising nations at the global level that have been approved by the World Tourism and Travel Council that Ethiopia is one of the fastest growing tourism industries in the world.” Ethiopia is among the world’s fastest-growing tourism destinations for 2026, with international arrivals surging by 15 percent in 2025, according to recent reports. The sector’s outlook remains highly promising, driven by Ethiopia’s rich natural and cultural resources, strong government backing, and a clear long-term development strategy, the executive officer stated.

Addis Ababa, April 1, 2026 (ENA) —Scholars at Hawassa University underscored that the Homegrown Economic Reform Agenda (HGER), implemented over the preceding reform years, is successfully accelerating Ethiopia's structural transformation by injecting fresh vitality into the national economy. They emphasized that the implementation of the reform agenda has begun to reshape the country’s economic foundation by revitalizing productivity, strengthening sectoral linkages, and fostering a more resilient and diversified growth trajectory. Since the transition of government in April 2018, targeted policy reforms and strategic programs have emerged as key drivers of the country’s sustainable development and long-term economic progress. In an exclusive interview with ENA, academics stated that the HGER has triggered a notable economic resurgence, accelerating the transition toward a more resilient and diversified structural framework. Gebrekristos Nurye, Director of Research and Technology Transfer at the University’s Institute of Technology, said, “The government’s shift from an agriculture-led model to a diversified, multi-sectoral economy is delivering tangible and measurable results.” The government has built a solid foundation for achieving comprehensive and inclusive national growth particularly by synergizing the five core economic pillars, he emphasized. Furthermore, he pointed out that the expansion of summer irrigation has revolutionized agricultural output by enabling year-round production, which has played a critical role in stabilizing food supplies and market prices. The Director also highlighted the significant economic contributions of high-profile tourism initiatives, such as the "Dine for the Nation" and "Dine for Generations" projects, alongside transformative urban corridor and riverside developments that are reshaping the nation's aesthetic and commercial landscape. The scholar also stressed the need for firm leadership commitment to navigate and resolve emerging economic bottlenecks to maintain the momentum of these policy gains. Markos Matewos, a researcher and Dean of Students at the Institute, added that strategic policies aimed at digitizing the economy and modernizing the agricultural sector through mechanization over the last eight years are now bearing fruit. He specifically credited the summer wheat irrigation schemes and the "Bounty of the Basket" (Lemat Trufat) initiatives for empowering smallholder farmers and enhancing their economic resilience through boosted productivity. Kasahun Gashu, Dean of the School of Manufacturing, explained that the HGER has created a fertile environment for the manufacturing sector, allowing Ethiopia to save vital foreign exchange by replacing imports with high-quality, locally produced goods. The Dean noted that these reforms have enabled higher education institutions to evolve beyond traditional teaching into centers of production. By strengthening university-industry linkages, academia is now playing an active role in the country’s overarching structural shift. In closing, he urged for the continued fortification of the "Let Ethiopia Produce" (Ethiopia Tamrit) movement and other HGER-driven opportunities, as they are essential for maximizing the manufacturing sector’s contribution to the national GDP.

Addis Ababa, April 1, 2026 (ENA) —Ethiopia has secured 13.1 billion US dollars in investment agreements during the Invest in Ethiopia 2026 forum, Office of the Prime Minister affirmed. According to the Office, this has signaled a major boost to the country’s economic momentum and investor confidence. In a statement shared on its official X platform, the Office described the outcome as a historic breakthrough in attracting foreign capital and reinforcing Ethiopia’s growth trajectory. The agreements were concluded with partners from China, Poland, India, Singapore, and Kenya. The Office stated, "These agreements mark a historic milestone and reflect the growing confidence of global investors in Ethiopia’s reform-driven economy." The deals span key sectors such as renewable energy, mining, and green ammonia, highlighting the expanding scope of opportunities created through ongoing economic reforms. According to the statement, the Homegrown Economic Reform Agenda is delivering tangible and measurable results across multiple sectors. The government attributed the achievement to policy measures designed to improve the investment climate. These include currency liberalization, the opening of the banking and telecom sectors, and the development of modern Special Economic Zones, alongside improved access to international markets through the African Continental Free Trade Area, it further noted. The Office noted that Ethiopia is making steady progress across strategic sectors. It emphasized that the country is leveraging its vast renewable energy resources, supported by the Grand Ethiopian Renaissance Dam, to advance solar manufacturing and hydrogen development while enhancing productivity in the mining sector. Industrial expansion is accelerating through the growth of Special Economic Zones, while the information and communication technology sector continues to drive rapid digital transformation. The statement underlined that Ethiopia is strengthening its position as a leading destination for global trade and tourism, citing improved connectivity through Ethiopian Airlines and the country’s rich cultural and historical assets. The Office called on international investors and partners to deepen their engagement, stating that Ethiopia is now more open, competitive, and ready for business than ever before.

Addis Ababa, April 1, 2026 (ENA) —Ethiopia’s Minister of Foreign Affairs, Gedion Timothewos held talks today with Nikolay Spassky, Deputy Director General of Rosatom State Corporation, signaling deepening cooperation between Ethiopia and Russia in nuclear energy development. During the meeting, Foreign Minister Gedion emphasized that the longstanding historical ties between Ethiopia and Russia provide a strong foundation for advancing long-term strategic partnerships. He also welcomed the progress made since the two countries signed a nuclear cooperation agreement in September, highlighting its importance for Ethiopia’s future energy ambitions. Spassky briefed the Minister on the recent signing of a Strategic Roadmap for Nuclear Energy Development, a key milestone that outlines practical steps for collaboration between the two nations. The roadmap is designed to guide joint efforts in developing nuclear energy for peaceful purposes. Sandokan Debebe, Commissioner of the Ethiopian Nuclear Energy Commission, noted that discussions with the Russian delegation focused on concrete implementation strategies for the agreement reached last year. He stressed the importance of translating commitments into actionable projects.   The Strategic Roadmap was officially signed on March 31, 2026, between the Ethiopian Nuclear Energy Commission and Rosatom. The document provides a structured plan detailing the future direction of bilateral cooperation in nuclear energy development. The agreement marks a significant step in Ethiopia’s efforts to diversify its energy sources and strengthen international partnerships in advanced technologies.  

Addis Ababa, April 1, 2026 (ENA) —Ethiopia’s ongoing agricultural reforms are yielding significant progress and laying a strong foundation for long-term economic growth and food security, said Mandefro Nigussie, Director-General of the Ethiopian Agricultural Transformation Institute (ATI). His remarks were made during a consultation forum organized by the Ethiopian News Agency in collaboration with ATI, under the theme “Agricultural Productivity for Food Sovereignty and National Pride.” Mandefro explained that the reforms are transforming agriculture and rural development, with a focus on agricultural policy and program transformation. He noted that smallholder farmers are at the center of this strategy, with efforts underway to enable them to supply up to 75 percent of their production to markets. He stressed that transforming agriculture will play a key role in boosting rural development, adding that training programs and youth engagement initiatives are being strengthened to support the sector’s modernization and its linkages with industry. “The reform approach focuses on creating strong connections between agriculture, rural development, and industrial growth,” he said, highlighting the importance of integrated, multi-sector transformation to achieve sustainable results. According to Mandefro, the reforms also prioritize food sovereignty and market-led development under Ethiopia’s national agenda, with wheat production identified as a key performance indicator. He pointed to the expansion of cluster farming, which increased farmland under management from 0.6 million hectares in 2019 to 12.3 million hectares in the 2024/25 period—now accounting for about 50 percent of the country’s total farmland. Overall, agricultural production has increased by 56 percent, supported by initiatives to substitute imports through domestic production of key crops such as wheat, rice, and malt. In addition, Ethiopia has implemented large-scale soil and natural resource conservation and forestry programs, covering 33.6 million hectares, further strengthening environmental sustainability. Mandefro also highlighted progress in digital transformation, noting that a Digital Agriculture Roadmap under the country’s 2030 strategy has been developed, with implementation already underway across multiple projects. He added that ongoing reforms in livestock and crop development are expected to further accelerate the sector’s transformation. Looking ahead, Mandefro stated that the combined impact of these reforms could enable Ethiopia to generate up to 300 billion USD and feed 400 million people over the next 15 years. “These achievements demonstrate that Ethiopia’s comprehensive reform efforts across sectors are delivering tangible results and paving the way for sustained development,” he concluded.

Addis Ababa, April 1, 2026 (ENA) —An Ethiopian delegation comprising officials from the Ethiopian Airlines Group and the Ministry of Finance has held productive discussions with the Bank of China to advance financing plans for the country’s new airport project. During the meeting, the delegation presented detailed updates on the project’s technical design, implementation timeline, and overall financial structure, ENA learned. Officials also highlighted recent progress in project preparation, including optimization efforts aimed at improving efficiency, strengthening bankability, and ensuring long-term fiscal sustainability. The Ethiopian Airlines Group underscored the strategic importance of the new airport, noting its potential to reinforce Ethiopia’s position as a leading aviation hub in Africa while boosting trade, tourism, and broader economic growth. The Bank of China expressed strong interest in supporting the initiative, citing its experience in airport investments and its focus on high-impact infrastructure projects across the continent. The bank indicated that the project aligns with its expertise in large-scale transport financing. It also confirmed ongoing engagement with the African Development Bank, the project’s mandated lead arranger, to better understand the financing structure and explore collaboration opportunities. Discussions further covered potential financing models, coordination with prospective lenders, and alignment on due diligence requirements. Both sides agreed to maintain close coordination moving forward, emphasizing the importance of continued information sharing and collaboration to position the Bank of China for potential participation in the financing package. The meeting concluded with a shared commitment to work together to support the successful financing and implementation of the project.

Addis Ababa, April 1, 2026 (ENA) —Ethiopia is intensifying efforts to transform its agricultural sector as part of a broader national drive toward food sovereignty, officials said during a high-level panel discussion held under the theme “Agricultural Productivity for Food Sovereignty and National Pride.” The forum, jointly organized by the Ethiopian News Agency (ENA) and Ethiopian Agricultural Transformation Institute (ATI), brought together key stakeholders to assess progress, highlight success stories over the last 8 years, and outline future strategies for sustainable agricultural development. Opening the discussion, State Minister of Agriculture Fikru Regassa underscored the central role of agriculture in Ethiopia’s economy and food system.   “Agriculture remains the backbone of our nation, sustaining over 130 million people,” he said. According to the minister, the sector contributes 31 percent of Ethiopia’s GDP, employs 63 percent of the workforce, and supplies nearly 60 percent of raw materials for other key industries, making it indispensable to national development. Despite its importance, Ethiopia’s agriculture has historically been constrained by structural challenges, particularly its heavy dependence on rainfall and vulnerability to climate change. Traditional farming practices, characterized by low productivity and subsistence-level output, have further limited the sector’s potential. However, Fikru emphasized that a decisive policy shift in recent years is beginning to yield tangible results.   “With the implementation of the Homegrown Economic Reform agenda, agriculture has emerged as one of the most dynamic and successful sectors over the past eight years,” he noted. A flagship achievement highlighted during the discussion is the country’s wheat production transformation, spearheaded by Prime Minister Abiy Ahmed. By transitioning from rain-fed to large-scale irrigation farming, Ethiopia has moved significantly closer to wheat self-sufficiency. In parallel, the Green Legacy Initiative has gained international recognition for strengthening climate resilience, restoring degraded land, and enhancing agricultural productivity through large-scale tree planting and soil conservation.   The government has also expanded efforts in the livestock sector through the Lemat Trufat (“Bounty of the Basket”) initiative, aimed at boosting production and improving nutritional outcomes. Nevertheless, officials acknowledged that the sector has yet to fully meet national expectations. Fikru stressed that Ethiopia is now scaling up targeted interventions to achieve full food sovereignty while maximizing export revenues through the diversification of strategic agricultural commodities. Speaking at the event, Seife Deribe, Chief Executive Officer of ENA, highlighted the agency’s role in shaping national discourse and promoting development priorities.   He emphasized that strengthening agricultural productivity is essential not only for ensuring food security but also for reshaping Ethiopia’s global image and breaking long-standing reliance on external aid. “Achieving food sovereignty is fundamental to building national confidence and transforming the country’s development trajectory,” he said. The forum was organized in collaboration with the Ethiopian Agricultural Transformation Institute (ATI), reflecting a coordinated national effort to drive agricultural innovation and long-term sustainability.

Addis Ababa, March 31, 2026 (ENA) —Ethiopian Airlines is emerging as a continental benchmark in aviation maintenance, as African industry leaders call for a major expansion of Maintenance, Repair, and Overhaul (MRO) capabilities across the region. Speaking at the closing of the First African MRO Conference, Group CEO Mesfin Tasew highlighted that the airline’s global success is deeply rooted in its strong and integrated MRO system.   “The secret behind Ethiopian Airlines’ success lies in its strong MRO capability,” he said. Held in Addis Ababa from March 29–31, the conference brought together over 450 aviation leaders from more than 50 countries, underscoring both the urgency and opportunity to transform Africa’s aviation maintenance landscape. While MRO services are essential for safety, efficiency, and operational continuity, they remain one of the weakest areas for many African carriers. Mesfin noted that limited maintenance capacity has directly contributed to the struggles of several airlines across the continent.   In contrast, Ethiopia’s long-term investment in technical expertise, infrastructure, and skilled manpower has enabled it to build a resilient aviation ecosystem. Industry leaders at the conference emphasized that no single country can close the gap alone. Abderahmane Berthé, Secretary General of the African Airlines Association, pointed out that airlines spend 10–12% of operating costs on MRO, making efficiency in this area critical.   He stressed that stronger cooperation among African airlines could reduce dependence on foreign maintenance providers, lower operational costs, and build a more competitive and self-reliant aviation sector. The conference, organized by AFRAA in partnership with major players like Ethiopian MRO, Kenya Airways MRO, and South African Airways Technical—focused on practical strategies to strengthen local capabilities. Key priorities included investing in Africa’s young and growing talent pool, expanding training and technical education, strengthening partnerships with global MRO institutions, and accelerating technology and knowledge transfer.   Around 40 industry actors participated in targeted discussions aimed at turning these priorities into actionable plans. Under the theme “Building Africa’s Sustainable MRO Ecosystem,” the event marked a significant step toward a future where African airlines rely less on foreign maintenance services and more on homegrown expertise. As momentum builds, Ethiopia’s model is increasingly seen not just as a national success story, but as a blueprint for Africa’s aviation future.

Addis Ababa, March 31, 2026 (ENA) —The National Bank of Ethiopia (NBE) has reported that inflation continued its downward trend, with the February 2026 rate standing at 9.7 percent. This sustains the country’s achievement of single-digit inflation, which was first attained in December 2025. The Monetary Policy Committee (MPC) attributed the sustained disinflation to a tight monetary policy stance, prudent fiscal management, and strengthened supply-side measures, while cautioning that emerging global geopolitical tensions may pose upside risks to price stability. The National Bank of Ethiopia’s Monetary Policy Committee (MPC) has confirmed that inflation continues to ease, with the latest reading falling to 9.7 percent in February 2026, maintaining the country’s achievement of single-digit inflation since December 2025. In its 6th meeting held on March 21, 2026, the Committee attributed the sustained decline in inflation to the NBE’s tight monetary policy stance, fiscal discipline, and improved supply-side measures. Food inflation dropped to 10.8 percent from 14.6 percent a year earlier, while non-food inflation eased significantly to 8.1 percent from 15.6 percent over the same period. Month-on-month inflation also remained low at 0.4 percent, indicating continued moderation in price pressures. Despite the progress, the Committee cautioned that emerging geopolitical tensions in the Middle East could push up global oil prices and disrupt supply chains, posing upward risks to domestic inflation. It emphasized the need to maintain the current tight monetary policy stance to safeguard price stability. On economic growth, the Committee noted that Ethiopia’s economy remains robust, with real GDP expanding by 9.2 percent in the 2024/25 fiscal year. Growth was supported by strong performance in the industrial sector, particularly mining, with gold production contributing significantly to growth. The services and agriculture sectors also continued to show steady expansion. Monetary developments showed strong credit expansion, with broad money growing by 39.3 percent year-on-year and bank credit rising by 45.3 percent. Interest rate movements reflected improved participation in financial markets, while liquidity pressures persisted in some private banks. The banking sector remained stable overall, supported by regulatory measures including the interbank money market and the National Bank’s standing lending facility. Fiscal policy was described as disciplined, with continued efforts to strengthen revenue mobilization while controlling expenditures. The budget deficit remained modest, financed largely through treasury bills. Ethiopia’s external sector also showed resilience, recording a balance of payments surplus driven by improved exports, private transfers, and service trade performance. The Committee reaffirmed its commitment to maintaining a tight monetary policy stance and decided to keep the policy rate and credit growth caps unchanged. It also emphasized close monitoring of global and domestic developments, particularly in light of rising international uncertainty, and agreed to reconvene in late April for further assessment.

Addis Ababa, March 31, 2026 (ENA) —The African Union Commissioner for Agriculture, Rural Development, Blue Economy and Sustainable Environment has called for urgent scaled financing to transform Africa’s agriculture sector. Speaking at the second IFC FIG Africa Agri-Finance Client and Partner conference in Addis Ababa, Commissioner Moses Vilakati said agriculture remains the backbone of African economies, livelihoods and food security. However, he warned that the sector is increasingly fragile due to climate shocks such as droughts, floods and erratic rainfall, alongside global supply chain disruptions, rising input costs, limited financial services and weak infrastructure. Vilakati stressed that resilience in agriculture must be “financed, engineered and scaled,” noting that traditional lending models are no longer sufficient to address the sector’s evolving risks. He called for expanded use of climate-smart credit instruments, index-based insurance, digital and mobile-enabled financing, as well as risk-sharing and blended finance mechanisms.   He also highlighted the importance of warehouse and value-chain financing to improve access to capital and strengthen agricultural systems. The Commissioner linked these efforts to the AU’s Comprehensive African Agricultural Development Programme (CAADP) Strategy for 2026–2035, which targets a 45 percent increase in agri-food output by 2030, a 50 percent reduction in post-harvest losses and a tripling of intra-African agri-food trade. He further urged countries to implement targeted pilot projects across regions and enhance collaboration among development finance institutions, governments, regulators, banks, microfinance institutions, agribusinesses, fintech companies and producer organizations. Highlighting the high cost of food imports, Vilakati noted that some countries spend hundreds of millions of dollars annually on single commodities. For instance, he pointed to spending on commodities such as rice, suggesting that redirecting even 15–20 percent of such import expenditure into domestic production could significantly accelerate progress. Vilakati described a vision of an Africa where farmers have access to affordable climate finance, agribusinesses scale effectively and digital solutions provide real-time data for both lenders and producers. He emphasized that this vision is achievable with the right level of commitment and investment. Officials from the National Bank of Ethiopia also underscored the importance of strengthening agricultural finance. Financial Inclusion and Development Director Abraham Fekadu said the conference comes at a critical time as Ethiopia works to sustain its development gains. He noted that while the financial sector is increasingly contributing to GDP, employment and exports, agriculture has long been underserved by formal financial institutions due to both demand- and supply-side constraints. These challenges, he said, have slowed modernization and affected food security and economic growth. Abraham highlighted ongoing reforms by the central bank, including improved regulatory frameworks, land and livestock registries, financing mechanisms and risk management tools. He also pointed to the launch of a comprehensive agri-finance roadmap aimed at scaling up lending, introducing risk-sharing incentives, integrating data systems and expanding digital financial services. Despite these efforts, he acknowledged that structural challenges and limited coordination continue to constrain the sector’s growth, reaffirming the government’s commitment to advancing financial innovation and inclusion in agriculture.   Meanwhile, the International Finance Corporation (IFC) emphasized that closing the financing gap requires more than willingness from lenders. Regional Industry Director Aliou Maiga noted that sectors must also be prepared to absorb financing, stressing the need to remove systemic barriers that hinder investment. Maiga praised Ethiopian banks for taking early leadership in agri-finance and driving stronger collaboration with development partners. He also highlighted growing interest in agricultural lending, supported by clearer market solutions and improved coordination among stakeholders. Reflecting on Ethiopia’s economic trajectory, he described the country as a near-unique success story in Africa, achieving sustained annual growth of 7 to 10 percent over two decades without reliance on extractive industries. He attributed this progress to long-term investments in infrastructure, including energy, roads and telecommunications, alongside reforms that have encouraged private sector participation. Maiga concluded that Ethiopia’s combination of growth, reform and opportunity makes it a strong platform for piloting innovative agricultural financing models that could be replicated across the continent.

Addis Ababa, March 30, 2026 (ENA) —Finance Minister, Ahmed Shide held a productive meeting with the President of the Asian Infrastructure Investment Bank (AIIB) to further strengthen the partnership between Ethiopia and the Bank. In its press release sent to ENA, the Ministry of Finance said the discussion focused on expanding cooperation in priority infrastructure and development initiatives, including potential financing support for the Bishoftu International Airport project. During the discussion, Minister Ahmed highlighted the strategic importance of the project in enhancing Ethiopia’s role as a regional aviation hub and supporting long-term economic growth. The two sides also explored opportunities to deepen collaboration in mobilizing private sector financing. The Minister emphasized the importance of AIIB’s role in catalyzing private investment and enabling greater participation of private capital in infrastructure sectors. Both parties reaffirmed their commitment to strengthening engagement and advancing concrete areas of cooperation aimed at supporting sustainable infrastructure development and private sector-led growth in Ethiopia.

Addis Ababa, March 30, 2026 (ENA) —The Ethiopian Electric Utility (EEU) has launched a comprehensive infrastructure project aimed at ensuring a reliable power supply in Addis Ababa and Sheger cities. A major distribution line reconstruction and capacity upgrading initiative is currently underway to strengthen the reliability of the electric power network in the two cities. The project involves reconstructing and enhancing outgoing lines from substations to improve the quality of the distribution network, alongside the installation of 62 load break switches designed to manage power consumption beyond authorized limits. The upgraded lines are being constructed with concrete poles and insulated cables, making them more resilient to hazards and capable of long-term service. Kidist Lakew, Head of the Addis Ababa Distribution Rehabilitation Phase 4 Project, told ENA that the project primarily focuses on renovating the power network and ensuring line reliability. The project includes the installation of 2,000 new transformers of various capacities and the capacity upgrading of another 2,000 existing transformers, she said. She further explained that outputs previously managed by fuses will now be transitioned to distribution boxes, significantly reducing line interruptions. Approximately 673 kilometers of lines will be replaced in Addis Ababa and Sheger cities, including the replacement of bare wires with insulated ones to eliminate power outages. “These works are expected to drastically reduce power interruptions and substantially increase the speed of power restoration,” she added. Kidist further emphasized that upon completion, the project will guarantee a reliable power supply for both Addis Ababa and Sheger cities. Hu Wiming, Deputy Manager of China Energy Group, highlighted the collaborative effort to keep the project on schedule. “Plans are in place to complete this swiftly; as we can see, we are currently performing the most difficult task of erecting the electric poles. Once the poles are in place, the remaining work will involve connection and testing. We are fully committed to completing this project within the current year,” he said. Areaya Getahun, Site Engineer for Lot 1 of the project, reported that three sites in the Eastern Region have already been completed. He confirmed that work continues across remaining areas to ensure the entire project is finalized according to the set timeline.

Addis Ababa, March 29, 2026 (ENA) —Prime Minister Abiy Ahmed said Ethiopia’s rural corridor development initiative, which is an extension of the broader concept of city corridor development, aims to bring similar improvements in the living standards of rural communities. The PM told Kana TV early last week that “just as we are working to improve the livelihoods of our citizens in urban areas and make life easier, rural corridor development is about doing the same in the countryside”. He noted that despite agricultural productivity, many rural households continue to face difficult living conditions.   “If you go to rural areas, you will see that even when farmers produce well, they often live in a single-room house where livestock and family members share the same space. The living conditions are not convenient,” PM Abiy elaborated. He warned that such challenges are contributing to the steady migration of young people from rural areas to cities. “Particularly, the youth are leaving rural areas. If this continues, the agricultural sector will gradually be weakened, and the countryside will be left without successors,” he cautioned, adding that an aging rural population combined with youth outmigration poses a long-term threat to national development. According to PM Abiy, making rural life more livable is essential to reverse this trend. Among the key solutions, the Prime Minister emphasized the need for expanding access to renewable energy.   “One of the primary solutions is ensuring access to solar energy through off-grid systems,” he said. Biogas technology is, therefore, being promoted to convert waste and agricultural byproducts into energy, reducing dependence on firewood and protecting mothers from harmful smoke during cooking. The initiative also focuses on strengthening household resilience and food security. PM Abiy noted that enabling families to produce food within their own compounds, alongside improving sanitation and cleanliness, plays a vital role in safeguarding health and well-being. He further highlighted the importance of expanding access to basic services in rural communities. “When communities are organized, we provide schools, kindergartens, health stations, as well as telecom and electricity services,” he explained, adding that such integrated support is key to improving overall quality of life. The Prime Minister stressed that unmanaged rural-urban migration places significant pressure on cities.   “If people leave rural areas due to lack of livable conditions, they will inevitably move to cities that are not prepared to accommodate them,” he said. “When infrastructure built for one million people is forced to serve two million, it deteriorates. Cities become strained, while rural areas are left without owners.” To address these challenges, the government is constructing model rural houses across various regions, tailored to local conditions and built primarily using locally available materials. “The type of housing we build in one area may differ from another, but the designs include essential improvements such as separating living and sleeping spaces and incorporating solar lighting,” the PM explained. He added that these model homes are already gaining strong acceptance among communities. “In all the places we have built and visited, they have created satisfaction among the people. They are encouraging others to replicate and expand them using their own capacity.”   Acknowledging that the initiative is still at an early stage, given Ethiopia’s large population, PM Abiy emphasized its transformative potential. “If we are to develop Ethiopia, focusing only on cities is not sufficient,” he said. In conclusion, the premier noted that by integrating rural transformation with urban development, Ethiopia is positioning itself to achieve more balanced growth across the entire nation.

Addis Ababa, March 29, 2026 (ENA) —The Immigration and Citizenship Service (ICS) has introduced a 10-year residency permit, called Golden Visa, which targets foreign investors making significant contributions to the national economy. In an exclusive interview with ENA, ICS Deputy Director-General Gosa Demissie said the initiative is part of the government’s broader economic reform agenda aimed at creating a more attractive environment for Foreign Direct Investment (FDI). He noted that the service has been undergoing rigorous institutional transformations to align its operations with international standards and modern technological demands. The Golden Visa is designed to provide long-term stability for high-impact investors, allowing them to reside and operate in Ethiopia with minimal bureaucratic hurdles. The Deputy Director-General pointed out that many countries offer similar long-term residency schemes ranging from five to ten years, adding that Ethiopia has introduced its own model to remain competitive in attracting quality investors. According to Gosa, the visa is a standardized electronic permit valid for 10 years, enabling holders to stay in the country with greater freedom. Gosa emphasized that the initiative is particularly crucial as Ethiopia opens its real estate sector to foreign nationals, noting that a five-year property visa will also be introduced for individuals and families acquiring immovable property in the country. He elaborated that the Golden Visa will significantly reduce processing time, eliminate repetitive procedures, and improve overall efficiency, while also enhancing government revenue and bringing services closer to users. The Deputy Director-General further highlighted that investors will benefit from streamlined entry and exit procedures, including faster processing at Bole International Airport, allowing for smoother travel experiences. The introduction of the Golden Visa underscores Ethiopia’s ambition to position itself as a premier investment destination in Africa. By reducing administrative burdens, the government aims to accelerate industrial growth, attract quality investors, and boost foreign currency inflows, ensuring that the immigration sector plays a vital role in national development. Besides the Golden Visa scheme, ICS has introduced a range of modernized services, including expedited processing options and digital payment systems aimed at improving customer satisfaction. The ongoing digitalization efforts also include enhanced visa-on-arrival services and improved passport distribution mechanisms to address previous backlogs. Gosa stressed that the overarching goal is to create an enabling environment for investors by making services more accessible and efficient. "We are service providers and problem solvers," he noted, reaffirming the institution’s commitment to facilitating investment.

Addis Ababa, March 28, 2026 (ENA) —Ethiopia’s President Taye Atske Selassie, at the 11th Summit of the Organization of African, Caribbean and Pacific States (OACPS) in Malabo, called for stronger, more genuine partnerships to advance shared strategic interests and tackle challenges. The three-day summit, which kicked off on Friday, has brought together leaders from Africa, the Caribbean, and the Pacific, alongside representatives of the United Nations, African Union, and European Union, underscoring the bloc’s growing geopolitical relevance. Addressing the gathering, President Taye emphasized that the organization must harness its diversity and transform it into strategic advantage. “Its (OACPS’) strength lies in promoting our shared strategic interests through genuine partnership and by wisely addressing problems that may seem larger than our collective commitment and capacity,” he said. He stressed that in a rapidly shifting global economic and political landscape, a strong and cohesive institution is essential to safeguard the collective interests of its members. The President outlined key proposals focused on strengthening strategic multilateralism, noting that the organization’s vast potential must be translated into concrete gains. He underscored the importance of deepening South-South cooperation and called for a shift in engagement with middle- and high-income partners, moving away from a traditional donor-recipient framework toward mutually beneficial relationships. He further urged member states to cultivate a shared sense of ownership over the organization’s mission. Highlighting priority areas for joint action, he pointed to sustainable development, climate-resilient economies, and peace and security as central pillars. On digital transformation, President Taye stressed that OACPS nations must evolve from being consumers of technology to becoming producers and innovators. He identified artificial intelligence, cybersecurity, and digital sovereignty as critical sectors requiring focused investment and collaboration. The President also noted that Ethiopia will host the upcoming COP32 Climate Change Conference, describing it as an opportunity for member states to showcase progress in green development and climate resilience. Speaking at the summit, UN Secretary-General António Guterres highlighted that countries in these regions are disproportionately affected by climate change despite contributing the least to its causes, calling for unified global action to ensure climate justice. The summit also featured remarks from Évariste Ndayishimiye, who, in his capacity as Chairperson of the African Union, conveyed a message of solidarity. Discussions at the summit are expected to focus on securing sustainable financing, strengthening institutional frameworks, and forging a unified position on global climate action.