Addis Ababa, March 19, 2026 (ENA) —Ethiopia is ramping up efforts to meet its growing energy demands through sustainable and renewable sources, Minister of Water and Energy Habtamu Iteffa said. Speaking to ENA, the minister highlighted the country’s long-term strategy to harness its abundant clean energy resources, including hydropower, wind, solar, and geothermal, as part of a broader vision to build a resilient, low-carbon energy system. According to Habtamu, more than 96 percent of Ethiopia’s current energy consumption is derived from renewable sources, positioning the country among global leaders in green energy development. Ethiopia has pursued an ambitious policy of diversifying its energy mix in recent years, aligning with national goals to reduce energy poverty while accelerating industrialization and economic growth. Historically dependent on traditional biomass, the country has steadily transitioned toward modern energy systems over the past years. A cornerstone of this transformation is the Grand Ethiopian Renaissance Dam (GERD), a flagship hydropower project expected to significantly boost electricity generation and expand access both domestically and across the East African region.   Despite ongoing geopolitical tensions and broader regional energy concerns, the project’s inauguration underscores Ethiopia’s determination to leverage its natural resources for national development. The government has also invested heavily in transmission infrastructure, including cross-border interconnections, to facilitate regional power trade and strengthen energy security. Minister Habtamu emphasized that hydropower remains the dominant energy source, while solar and wind projects are being rapidly scaled up nationwide. He attributed the progress to sustained, policy-driven investment in the sector, of which GERD is a key outcome. Ethiopia’s total electricity generation capacity, including output from GERD, has now surpassed 10 gigawatts, reflecting significant growth in national energy production. Looking ahead, the government aims to further expand fossil fuel-free energy alternatives to reduce economic costs and mitigate environmental impact.   “We will continue to strengthen our efforts at every stage to ensure sustainable energy access for all citizens,” the minister said. Analysts note that these initiatives collectively reinforce Ethiopia’s position as a leading renewable energy powerhouse in Africa, with growing influence in regional energy integration and infrastructure development.

Addis Ababa, March 18, 2026 (ENA) —The Industrial Parks Development Corporation (IPDC) has announced an expansion of financial access for investors operating in Special Economic Zones (SEZs), aiming to strengthen investment and enhance competitiveness. The reform is designed to improve service delivery and create a more enabling environment for businesses within the zones. A half-day consultation workshop was held to enhance banking services and strengthen coordination among investors, financial institutions, and relevant government bodies operating in the SEZs. Speaking at the event, IPDC Chief Officer for Operations and Park Management, Fitsum Ketema, noted that financial services in the zones had previously been limited to the Commercial Bank of Ethiopia, but the service is now open to all banks to improve access and competitiveness.   Fitsum highlighted that the government has invested over 1.5 billion US dollars in developing the zones, which have attracted investments worth billions of dollars, contributing to foreign exchange earnings, job creation, and technology transfer. He said the initiative is intended to encourage broader private sector participation across manufacturing, agriculture, trade, and services, while also attracting foreign direct investment and supporting the development of economic clusters. He emphasized that the framework will help improve export performance and create a more conducive environment for productive investment. Under the SEZ proclamation, the National Bank of Ethiopia is mandated to issue directives outlining selection criteria, standards, and licensing requirements for financial institutions seeking to operate within the zones. According to Fitsum, the industrial zones, developed with significant public investment, have played a key role in boosting production and attracting capital inflows.   Currently, more than 290 domestic and foreign investors operate across 14 investment hubs managed by the IPDC. The consultation forum, organized to strengthen collaboration between financial institutions and investors, brought together senior executives from 31 public and private financial institutions, along with officials from the Ethiopian Investment Commission, National Bank of Ethiopia, and the IPDC. Discussion papers presented at the forum outlined the legal framework for the zones and explored ways to improve conditions for banks operating within them.

Addis Ababa, March 18, 2026 (ENA) —Finance Minister, Ahmed Shide held a meeting with Chinese Ambassador to Ethiopia, Chen Hai, and a delegation from the Export-Import Bank of China (China Exim Bank) to discuss matters of mutual economic interest. The discussion focused on exploring potential avenues for financing the Bishoftu International Airport.   The delegation and Ethiopian counterparts further discussed the progress under Ethiopia’s G20 Common Framework debt restructuring. Minister Ahmed Shide expressed his appreciation to China for its leadership as Co-Chair of the Official Creditor Committee (OCC) and for its constructive support throughout the restructuring exercise.   As the process approaches its final stages, Ahmed underscored the importance of maintaining momentum and welcomed China’s continued support, including in facilitating the conclusion of negotiations with Ethiopia’s commercial creditors.

Addis Ababa, March 18, 2026 (ENA) —Ethiopia and Italy have engaged on strategic cooperation aimed at strengthening bilateral cooperation and accelerating priority infrastructure projects. An Ethiopian delegation led by Finance Minister Ahmed Shide has held high level consultations in Rome with Italy’s Mattei Plan Task Force today. The discussions centered on flagship initiatives critical to Ethiopia’s development agenda, including the ongoing Koysha Hydropower Project and the planned Bishoftu International Airport Development Project.   According to Ministry of Finance, the discussion was productive as both show commitment to advancing strategic investments that support sustainable economic growth. These projects are expected to play a transformative role in enhancing Ethiopia’s energy capacity and aviation infrastructure, while supporting sustainable economic growth. The Italian side reaffirmed its strong commitment under the Mattei Plan to support strategic partnerships with African countries, including Ethiopia, through innovative financing mechanisms and strengthened public-private collaboration.   The Task Force comprises senior representatives from the Italian Ministry of Economy and Finance, the Ministry of Foreign Affairs and International Cooperation, as well as leading Italian financial institutions and private sector actors, including SACE, Cassa Depositi e Prestiti (CDP), and Webuild. During the consultations, both sides exchanged views on financing arrangements for the Koysha Hydropower Project, including ongoing efforts to mobilize additional resources and optimize financing structures. Discussions also covered potential financing modalities for the Bishoftu Airport Development Project, with a focus on leveraging blended finance instruments and fostering private sector participation.   The Ethiopian delegation underscored the importance of these projects in supporting the country’s macroeconomic reform agenda and long-term development priorities, while expressing appreciation for Italy’s continued partnership and support. Both sides agreed to maintain close engagement and technical collaboration to accelerate progress on the identified projects and translate shared commitments into concrete outcomes.

Addis Ababa, March 18, 2026 (ENA) —Ethiopia and Russia are stepping up efforts to deepen cooperation in agriculture, with a focus on boosting trade in coffee and improving access to key agricultural inputs. Ethiopia’s Minister of Agriculture, Addisu Arega, held talks with a Russian delegation led by Maxim Markovich, Deputy Minister of Agriculture of the Russian Federation. Following the meeting, the minister described the discussions as “productive and forward-looking,” emphasizing the shared commitment to strengthening strategic ties in the agricultural sector.   According to the minister, the talks focused on priority areas such as agricultural input supply, trade in coffee, oil crops, and horticulture, as well as agricultural mechanization, agrochemicals, and the transfer of knowledge and technology. Ethiopia and Russia maintain a longstanding bilateral relationship, which both sides now aim to elevate through expanded collaboration in agriculture.   “Building on this foundation, we have reached a shared understanding to further elevate our collaboration in agriculture to a higher level of impact,” Addisu said.

Addis Ababa, March 18, 2026 (ENA) — Visitors from Zambia and Eswatini have commended the sweeping transformation of Addis Ababa, noting that the city has undergone remarkable infrastructure development in recent years. In an exclusive interview with ENA, the visitors expressed admiration for the scale and pace of change reshaping the Ethiopian capital. Zambian Principal Solid Waste Management Officer at the Ministry of Local Government and Rural Development, Brian Siakabeya, recalled that his first visit to Addis Ababa was in 2017 when he attended a workshop. Reflecting on his recent return, he expressed astonishment at the extent of transformation across the city. “What I observed now is a completely different city in all aspects,” he said. Siakabeya noted that during his earlier visit, numerous construction projects were underway throughout the capital. Today, many of those developments have been completed, giving rise to modern infrastructure and high-rise buildings that have significantly reshaped the city’s skyline. According to him, the contrast between the Addis Ababa of several years ago and the present day is striking. He added that Ethiopia’s progress offers valuable lessons for other African countries striving to advance urban infrastructure. “A lot of African countries, including my own, can learn from what Ethiopia has done,” he said, emphasizing that the transformation is the result of coordinated government planning and well-aligned policies guiding urban development. He stressed that structured frameworks are essential to ensure sustainable progress, noting that Addis Ababa’s transformation was not driven by isolated private initiatives but by a comprehensive government plan. An environmental economist from Eswatini shared similar observations, highlighting notable improvements since his previous visit. “The first time I was here was in 2019, and when I compare it to now, there is a huge difference,” he said. He pointed to advancements in waste management, urban greenery and city beautification as among the most significant changes. “Beyond infrastructure, the green spaces, the way the city is being beautified and the overall environmental management are very impressive and can serve as lessons for others,” he added. Ethiopia has also been implementing large scale corridor infrastructure development projects in about 75 cities nationwide as part of efforts to expand urban modernization.

Addis Ababa, March 18, 2026 (ENA) —Italy has reaffirmed its commitment to support Ethiopia’s flagship infrastructure projects, pledging financing for the Koysha Hydropower Project and key components of the planned Bishoftu Airport, as both nations deepen strategic economic cooperation. An Ethiopian delegation led by Finance Minister, Ahmed Shide held high-level talks in Rome with Giancarlo Giorgetti, Italian Minister of Economy and Finance on advancing bilateral economic collaboration and mobilizing support for priority development projects. During the discussion, Italy reiterated its commitment to supporting the completion of the Koysha Hydropower Project, including efforts to help close the remaining financing gap. Both sides acknowledged the significant progress made in advancing refinancing and securing new financing arrangements, agreeing to finalize the remaining steps within the coming months. The discussions also explored potential collaboration on the Bishoftu Airport project, a flagship national initiative. The Italian side commended the strong performance of Ethiopian Airlines and confirmed support for financing selected components of the project through its financial institutions. Both parties agreed to initiate technical discussions involving the Ethiopian Airlines Group, alongside financial and technical advisors, to further develop financing structures and modalities. The delegation included Ethiopian Ambassador to Italy Demitu Hambisa and senior officials from the Ministry of Finance and Ethiopian Airlines Group. In addition, Italy agreed to finance Ethiopia’s development policy program in coordination with the World Bank budget support initiative, providing critical backing to the country’s ongoing macroeconomic reform agenda. The meeting concluded with both sides reaffirming their strong commitment to deepening Ethiopia–Italy relations and advancing strategic initiatives that promote sustainable and inclusive economic growth.

Addis Ababa, March 18, 2026 (ENA) —Ethiopia and Italy have taken a major step in deepening their strategic partnership, signing a landmark bilateral debt restructuring agreement that supports Ethiopia’s economic reform agenda and recovery efforts. The agreement was formalized by Ethiopia’s Finance Minister, Ahmed Shide and Giancarlo Giorgetti, Minister of Economy and Finance of the Italian under the framework of the Official Creditor Committee (OCC) as part of the G20 Common Framework for debt treatment. The deal marks a significant milestone in Ethiopia’s ongoing efforts to stabilize its economy and restore debt sustainability amid a broader macroeconomic reform program.   Speaking at the signing ceremony, Minister Ahmed Shide praised Italy’s “constructive engagement and leadership,” noting its pivotal role in securing the Memorandum of Understanding reached in July 2025 and in bringing the bilateral agreement to fruition. On his part, Italian Minister of Economy and Finance Giorgetti underscored that the agreement aligns with Ethiopia’s reform priorities while advancing Italy’s Mattei Plan for Africa, in which Ethiopia is identified as a key partner. The agreement is expected to strengthen investor confidence, unlock further international support, and accelerate Ethiopia’s path toward sustainable economic growth.

Addis Ababa, March 17, 2026 (ENA) —The National Bank of Ethiopia (NBE) has accelerated financial sector reform by shifting toward an interest rate-based, inflation-targeting monetary policy and adopting a market-based foreign exchange regime since 2024. The central bank’s efforts have been internationally recognised, with the NBE winning the “Payments and Market Infrastructure Development – Wholesale Award 2026” from Central Banking, following a major overhaul of Ethiopia’s core financial infrastructure. "[This award] strengthens our resolve to deepen reforms through market infrastructure development, reinforcing market integrity, monetary policy transmission, and sustainable growth under our Homegrown Economic Reform Agenda," said Eyob Tekalign, governor of the NBE. According to the awarding body, the reforms include a comprehensive upgrade of Ethiopia’s financial market infrastructure. Central to this effort is the introduction of a new Central Securities Depository (CSD), designed to strengthen open market operations, enhance the treasury market, and support broader capital market development. In parallel, the NBE has launched a retail primary market platform, the Tsega portal, aimed at expanding financial inclusion across the country. These reforms form part of Ethiopia’s wider “homegrown economic reform” programme. “The Ethiopian government made a strategic decision a few years back to modernise and liberalise the economy,” said Naoll Addisu, senior technology adviser to the NBE governor. “One of the pillars included establishing a vibrant capital market.” The legal foundation for the reform was established by Capital Market Proclamation No. 1248/2021, which created the Ethiopian Capital Market Authority and paved the way for the formation of the Ethiopian Securities Exchange, launched in January 2025. A CSD is a cornerstone of modern financial systems, ensuring the safekeeping of securities and managing post-trade processes such as clearing, settlement, ownership transfer, and reporting. Despite resource constraints, the NBE implemented the system within just 18 months. “We had to dig deep,” Addisu said, highlighting the rapid development of technical expertise and operational capacity. He described the platform as one of the fastest and most successfully implemented of its kind under challenging conditions. Given Ethiopia’s large and youthful population—over half aged between 15 and 29—and its predominantly rural and diverse demographic, the central bank sought international expertise. It consulted the National Bank of Georgia and the Central Bank of Kenya in designing the system. Ethiopia’s CSD was ultimately modelled on Georgia’s integrated approach, which serves both government monetary operations and private market participants within a unified infrastructure. According to Irakli Kvirkvelia, a senior expert involved in the project, the initiative extended far beyond technology implementation. “It required close coordination among a wide range of stakeholders,” he said, including regulators, financial institutions, investors, and technology providers. The system enables full dematerialisation of securities, replacing paper-based instruments with digital issuance and trading. It supports delivery-versus-payment settlement in central bank money within seconds and integrates with trading and payment systems. Following implementation, Ethiopia’s Ministry of Finance transitioned to issuing government securities through competitive public auctions, attracting strong demand and growing participation from non-bank and retail investors. The CSD platform now supports more than 3,000 active traders, alongside multiple issuers and financial institutions. According to the NBE, improved liquidity management and more attractive treasury bill rates indicate that the system is helping the central bank meet its monetary policy objectives. The Tsega portal, launched in late 2025 and currently in beta testing, is expected to further expand access to capital markets, particularly for retail investors, supporting financial inclusion nationwide. With financial backing from Financial Sector Deepening Africa, the reforms are strengthening market integrity, enhancing efficiency, and reducing operational risk—aligning Ethiopia’s financial system with international best practices.

Addis Ababa, March 17, 2026 (ENA) —Ethiopia’s ongoing economic reform and growing global engagement are creating a favorable environment for investment and signaling a bright economic future, Indian investor Rajeev Sharma said. In an exclusive interview with the Ethiopian News Agency (ENA), the Indian investor who lived in Ethiopia for nearly 20 years noted that the leadership has recently intensified its diplomatic outreach, strengthening relations with major global partners and opening new avenues for cooperation. He highlighted the recent visit of Prime Minister Narendra Modi of India, describing it as a significant milestone that has elevated Ethiopia-India ties from a bilateral engagement to a strategic partnership, enabling the two nations to share experiences in areas such as industrial development and investment promotion. According to him, the enhanced relationship creates opportunity for Ethiopia to benefit from India’s experience in areas such as local manufacturing, industrial growth, and investment promotion. “Ethiopia is moving in the right direction, and both countries can work together to share experiences and unlock their full potential,” Sharma stated. Reflecting on the country’s reform trajectory, the investor said Ethiopia has been opening up sectors that were previously restricted to foreign investors by implementing the Home-Grown Economic Reform Agenda since 2018. “These reforms have created significant opportunities. Sectors like retail and export, which were not accessible before, are now opening up and attracting foreign investment.” Sharma added that the ongoing construction of a new major international airport envisioned to become one of Africa’s largest aviation hubs will further expand business and investment prospects. Pointing to Ethiopia’s large domestic market, he noted that the country offers strong demand for goods and services with a population exceeding 120 million. “The need is there. Increased investment will not only support import substitution but also strengthen local production, especially at a time when global logistics are becoming more challenging,” he elaborated. He further underscored Ethiopia’s strong demographic advantage, pointing out that the country’s large youth population represents a major asset for future investment and economic expansion. Citing the government’s efforts to improve the investment climate, Sharma said reforms such as the introduction of one-stop service centers that streamline access to visas, permits, and licenses for investors. Drawing on his nearly 20 years of experience in Ethiopia, the investor underscored the importance of providing targeted financial support for existing investors seeking to expand their operations, particularly in light of the recent economic adjustments. Sharma further called for maximizing the role of experienced foreign investors in promoting Ethiopia internationally, stressing that those who understand the country can help bridge information gaps and present its true potential to the global business community. “Ethiopia is a country with rich culture, strong potential, and hospitable people. These strengths should be fully leveraged to attract more investment.”

Addis Ababa, March 17, 2026 (ENA) — State Minister of Agriculture Melese Mekonnen said effective works have been carried out to support the effort to ensure food sovereignty by enhancing potato productivity through research. A National Potato Research and Development workshop, which brought together researchers, development partners, policy makers, and government officials, opened in Addis Ababa today. In his message to the participants, the State Minister stressed that agriculture is crucial for food sovereignty, job creation, and foreign exchange earnings. According to him, potato is playing a key role in Ethiopia as it produces high yields on small land and in a short period of time, contributing to food security and industrial input. Ethiopia has the potential to become the leading potato producer in Africa by significantly changing its productivity, developing improved varieties, Melese noted. The State Minister further said potato production, beyond domestic consumption, is becoming an option for earning foreign exchange; and efforts are being intensified to add value to the product for export. Ethiopian Institute Agricultural Research Director-General, Professor Nigussie Dechassa said a lot of research has been done in the Ethiopian potato, releasing 45 varieties. Even if we in Ethiopia have a number of technological packages for enhancing potato yield, we have not yet fully tapped into this enormous potential due to lack of developing the value chain, the Director-General stated. Therefore, there remains a significant gap between what is currently being produced and what could be achieved through improved varieties, better seed systems, enhanced agronomic practices, effective pest and disease management, stronger value chains and improved market access. Ireland's Deputy Head of Mission, Fergal Ryan, for his part said Ireland has rich experience in cultivating potato and other crops as well. ''Today, Ireland produces seven times more food than it consumes. It has become a major hub for commercial agriculture and a major exporter of food to foreign markets.'' In Ethiopia as well, the potato holds significant importance serving as a crucial food security crop and a source of income for smaller farmers, Ryan elaborated. ''We have (therefore) been working in collaboration with the Government of Ethiopia to develop the potential of the potato as a healthy, high yield, drought resistant crop. Potato is easy to grow, easy to cook, nutritious, and can be stored longer than many other crops.'' The three-day workshop aims to review the progress and experiences of potato research and development in Ethiopia over the past years and to facilitate knowledge exchange by sharing research findings, innovations, and good practices in potato production, seed systems, processing, and marketing.

Addis Ababa, March 17, 2026 (ENA) — Deputy Prime Minister Temesgen Tiruneh, during his visit to the AMG-Indode Railway Line — the country's first railway infrastructure project financed entirely by a domestic private company, said Ethiopia is opening a new chapter in securing logistics sovereignty through full self-reliance. “Today’s site visit to the Indode Dry Port Expansion and the AMG-Indode Railway Line powerfully demonstrates that Ethiopia’s economic reform rests on a solid foundation and is delivering tangible results,” he stated. In his social media posted today, Deputy Prime Minister Temesgen Tiruneh said that the AMG-Indode Railway Line is compelling evidence of the private sector’s genuine commitment to nation building. Its progress ahead of schedule further affirms the core principle the government strongly upholds: “Plan from start to finish,” he stressed. The 3-km rail spur directly connects the Gelan Industrial Zone to the national railway network, enabling faster and more cost-efficient movement of goods — especially high-value exports such as coffee — to global markets. The Indode Dry Port Expansion will increase container storage capacity fivefold while reducing cargo loading and unloading time from 10 hours to just 2 hours. This transformation modernizes the trade logistics system and delivers faster, more competitive services, the Deputy Prime Minister said. According to him, these homegrown, self-financed infrastructure investments extend well beyond improving logistics efficiency. They decisively strengthen economic sovereignty. The Deputy PM finally underlined that the government remains fully committed — and even more determined — to advancing Ethiopia’s position as Africa’s premier trade and industrial hub.

Addis Ababa, March 17, 2026 (ENA) —National Bank of Ethiopia (NBE) has released its third Financial Stability Report, highlighting the resilience of Ethiopia’s financial system despite a challenging global economic environment. Covering the fiscal year from July 2024 to June 2025, the report underscores notable improvements in key macroeconomic indicators, including stronger economic growth and a significant decline in inflation. Issued in line with the central bank’s mandate to safeguard financial system stability, the report provides a comprehensive assessment of risks, vulnerabilities, and overall system health. It is intended to guide regulators, policymakers, investors, and other stakeholders while strengthening depositor confidence and supporting sustainable economic growth. During the review period, Ethiopia’s economy operated under global headwinds, including slowing international growth, persistent geopolitical tensions as well as external shocks. Despite these pressures, the country recorded clear macroeconomic gains, according to the central bank.   Growth accelerated, inflation eased, and the transition to positive real interest rates improved the effectiveness of monetary policy. Fiscal performance also strengthened, with reduced budget deficits and more sustainable public and domestic debt levels, helping to lower macroeconomic vulnerabilities and reinforce overall financial stability. The banking sector remained robust, with improvements across all key indicators, including capital adequacy, asset quality, liquidity and profitability. Stress tests covering credit, liquidity and foreign exchange risks confirm that banks are well-positioned to withstand potential shocks. Looking ahead, the outlook for the 2025/26 fiscal year remains positive. Continued economic expansion, single-digit inflation, credit growth, and rising foreign exchange earnings are expected to support further stability. Ethiopia’s sole systemically important bank successfully passed all major stress tests conducted as of June 2025, signaling low systemic risk, though authorities note that concentration risks require ongoing monitoring. Other financial sectors also demonstrated strength. The microfinance sector posed minimal risk due to its relatively small size and improved performance, with strong capital, liquidity, and profitability indicators. Capital goods finance companies similarly showed sound financial health, supported by adequate buffers and low credit risk. The insurance sector remained stable and resilient, posting solid gains in liquidity, profitability, premium growth, and underwriting performance. Meanwhile, the capital market and social security sector are playing an increasingly important role in enhancing liquidity, lowering borrowing costs, and supporting government financing through Treasury Bill investments. Digital financial services saw rapid expansion, with transaction values nearly doubling to exceed ETB 18.5 trillion. While this growth is boosting financial inclusion and efficiency, it also introduces rising operational, cyber, and fraud-related risks, prompting calls for stronger technological infrastructure, skilled human capital, and enhanced risk management systems. Overall, the report concludes that Ethiopia’s financial system recorded strong growth in key balance sheet indicators and profitability, remaining safe, sound, and stable throughout the fiscal year, alongside continued progress in developing the Deposit Insurance Fund.

Addis Ababa, March 16, 2026 (ENA) — An Ethiopian delegation led by the Minister of Finance, Ahmed Shide, is currently in Rome for high-level discussions aimed at strengthening bilateral cooperation between Ethiopia and Italy. An Ethiopian delegation led by Finance Minister Ahmed Shide is in Rome for high level discussions aimed at deepening bilateral cooperation between Ethiopia and Italy. According to a statement from the Ministry of Finance, the visit focuses on strengthening economic partnership and expanding areas of collaboration between the two countries. As part of the program, Minister Ahmed Shide held talks today with Edmondo Cirielli, Italy’s Deputy Minister of Foreign Affairs and International Cooperation. The discussion centered on enhancing bilateral cooperation and exploring opportunities for deeper engagement in development and economic cooperation. They discussed ways to deepen the longstanding partnership between the two countries, with a focus on economic cooperation, development partnership, expanding private sector investment, and regional stability and integration. During the meeting, Minister Ahmed Shide briefed the progress of Ethiopia’s macroeconomic reform program, highlighting the ongoing efforts to strengthen macroeconomic stability, improve the investment climate, and support sustainable and inclusive economic growth. He also expressed appreciation for Italy’s continued support to Ethiopia across a range of development areas. Deputy Minister Cirielli commended Ethiopia’s leadership for delivering strong economic growth and acknowledged the country’s important role in promoting stability in the Horn of Africa and serving as a key anchor for regional stability. He further reiterated Italy’s strong political commitment, at the highest level of Prime Minister Giorgia Meloni, to support Ethiopia’s economic and development priorities. The Deputy Minister further emphasized that Italy will continue to strengthen its engagement with Ethiopia through development cooperation initiatives and by encouraging greater participation of Italian private sector investors in the Ethiopian economy. Both sides reaffirmed their shared commitment to further deepen the longstanding partnership between Ethiopia and Italy and agreed to continue working closely to advance mutually beneficial cooperation.

Addis Ababa, March 16, 2026 (ENA) — Ethiopia’s Homegrown Economic Reform program is significantly enhancing the country’s attractiveness to investors and increasing foreign investment inflows, Commissioner of the Ethiopian Investment Commission, Zeleke Temesgen said. A panel discussion themed “Ethiopia – The New Investment Destination” is currently underway, organized by the Ethiopian News Agency in collaboration with the Ethiopian Investment Commission in Addis Ababa. In his presentation Commissioner Zeleke highlighted the comprehensive macroeconomic reforms initiated by the government have created a favorable environment for foreign investors to explore and engage in Ethiopia’s vast investment opportunities. According to him, the reform program has generated significant momentum in five key sectors prioritized for Foreign Direct Investment (FDI) — agriculture, mining, manufacturing, tourism, and information and communication technology (ICT). In addition to these sectors, he noted that energy and housing development are also emerging as promising areas attracting growing interest from international investors. Zeleke stated that investors entering Ethiopia following the reforms are actively engaging in various development sectors, contributing significantly to job creation and technology transfer. He added that the government has introduced 116 new legal frameworks aimed at improving the country’s business environment and strengthening investor confidence. The commissioner also noted that the reforms have begun producing tangible results. After the business sector was opened to foreign investors, more than 126 companies have obtained business licenses, while over 162 investment projects have been undertaken by foreign investors, demonstrating that the reform measures are receiving a positive response from the international investment community. These legal reforms have also opened previously restricted sectors to investors. In particular, the real estate and housing development sector, which had earlier been closed to foreign investors, has recently been opened for broader participation. Zeleke further indicated that the commission’s coordinated investment promotion activities in selected sectors have produced encouraging results. According to him, Ethiopia attracted 18.6 billion USD in Foreign Direct Investment over the past five years. He also pointed out that Ethiopia currently ranks second in Africa in attracting foreign direct investment, noting that ongoing efforts are aimed at further improving the country’s position. The commissioner highlighted that the establishment of free trade zones in the country has also created a conducive ecosystem for foreign investors. The forum brought together key stakeholders including Kassahun Gofe, Minister of Trade and Regional Integration; Yohannes Mesfin, Deputy Chairperson of the Trade and Tourism Affairs Standing Committee of the House of Peoples' Representatives of Ethiopia; Commissioner Zeleke Temesgen; and State Minister of Health Frehiwot Abebe, along with representatives from federal and regional investment development institutions.

Addis Ababa, March 16, 2026 (ENA)— Ethiopia’s Minister of Trade and Regional Integration, Kassahun Gofe underscored that the country is rapidly emerging as an attractive destination for investors as sweeping economic reforms continue to reshape the business environment. Speaking at a panel discussion titled “Ethiopia: The New Investment Destination,” organized by the Ethiopian News Agency in collaboration with the Ethiopian Investment Commission, the minister highlighted the government’s efforts to expand investment opportunities and strengthen private sector participation.   Kassahun emphasized that investment plays a critical role in accelerating Ethiopia’s economic transformation. According to him, the government has implemented a series of reforms aimed at improving the investment climate, including opening key sectors to foreign investors, expanding the role of private businesses, and introducing various incentives to attract both local and international investment. The minister also underscored the importance of Ethiopian Airlines—Africa’s largest airline, in supporting the country’s investment and trade ambitions by improving global connectivity. In addition, he noted that the creation of the Ethiopian Securities Exchange marks a major milestone in Ethiopia’s financial sector development, helping position the country as one of Africa’s emerging economic powerhouses. Kassahun further stressed the crucial role of the media in promoting Ethiopia’s investment potential and communicating the progress achieved through ongoing economic reforms.   He explained that investment is especially vital for developing economies like Ethiopia, as it facilitates technology transfer, promotes modern work practices, and creates new economic opportunities. Ethiopia’s participation in the African Continental Free Trade Area is also opening new doors for investors by expanding access to a continental market. The government is currently working to implement the investment protocol under the agreement to further enhance these opportunities. The minister added that Ethiopia’s continued commitment to joining the World Trade Organization demonstrates its determination to deepen integration with the global economy and strengthen its investment environment. On his part, Ethiopian Investment Commissioner Zeleke Temesgen indicated that Ethiopia attracted 4 billion USD in foreign direct investment (FDI) in 2024, representing a 22.7 percent increase compared to 2023.   The figures place Ethiopia as the leading FDI destination in East Africa and the second largest in Africa, he noted. Meanwhile, Seife Derbe, Chief Executive Officer of the Ethiopian News Agency, highlighted the agency’s role in promoting the country’s development efforts and investment opportunities.   He said the panel discussion provides an important platform to showcase Ethiopia’s economic progress and the work being undertaken to expand the investment sector. According to Seife, such forums help strengthen collaboration across development sectors, support economic integration, and contribute to building a resilient and independent national economy. He also affirmed that the Ethiopian News Agency will continue working closely with relevant institutions to disseminate timely and accurate information on Ethiopia’s economic reforms and investment potential. The discussion brought together government officials, experts, and stakeholders to examine both opportunities and challenges in advancing Ethiopia’s investment sector.

Addis Ababa, March 16, 2026 (ENA)— Prime Minister Abiy Ahmed has called on fuel distributors, stations and consumers to use petroleum products responsibly as disruptions linked to the crisis in the Middle East affect global oil supply. In a message shared on social media, the Prime Minister said countries that depend on imported oil are facing difficulties securing adequate supplies due to the ongoing tensions in the region. He urged all stakeholders to use fuel carefully until the situation stabilizes and normal supply conditions return. “Due to the crisis in the Middle East, countries that buy and use oil have had difficulty finding supply. Until the problem is resolved and we return to a normal oil supply system, we must use oil economically and prioritize basic needs,” PM Abiy said. The Premier also called on fuel distributors and service stations to act responsibly while ensuring that available supplies are directed toward essential services and priority needs. He further reminded consumers to avoid unnecessary consumption and to use fuel prudently during the current period of uncertainty in the global oil market.

Addis Ababa, March 16, 2026 (ENA)— A high-level investment forum is currently underway, bringing together senior government officials, investors, and key stakeholders to discuss Ethiopia’s expanding investment opportunities. The forum, co-organized by the Ethiopian News Agency and the Ethiopian Investment Commission, has attracted prominent government officials, including Minister of Trade and Regional Integration Kassahun Gofe and Ethiopian Investment Commissioner Zeleke Temesgen. Opening the forum, Minister Kassahun emphasized that Ethiopia is rapidly emerging as a prime investment destination. He underscored the country’s ongoing economic reforms, expanding market opportunities, and commitment to creating a favorable environment for both domestic and foreign investors. The minister noted that Ethiopia’s strategic location, large and youthful workforce, and improving investment climate position the country as a competitive hub for investment in Africa. He also hailed the Ethiopian News Agency for its role in promoting the country’s true image and for serving as a primary and credible source of information, particularly in highlighting Ethiopia’s vast untapped investment and business potential. The forum is expected to serve as a platform for strengthening partnerships, showcasing investment opportunities, and promoting dialogue between policymakers and the private sector.

Addis Ababa, March 15, 2026 (ENA)—Addis Ababa’s sweeping modernization and rapidly evolving skyline are positioning the Ethiopian capital as one of Africa’s most dynamic hubs for business and continental diplomacy, according to an envoy of the African Union. Speaking to ENA, the African Union Special Envoy on Women, Peace and Security, Liberata Mulamula, praised the capital for what she described as a remarkable urban transformation that has taken place in just a few years. Mulamula said the rapid modernization of Addis Ababa has surprised many international visitors and is helping establish the city as one of the fastest-developing urban centers on the continent. “This has been amazing — the transformation of Addis Ababa,” she said. The Ethiopian capital is currently undergoing one of the country’s largest urban renewal initiatives, aimed at turning the city into a modern, green, and globally competitive business hub.   Major projects include the expansive ‘Beautifying Sheger’ riverside development, large-scale corridor development projects designed to improve mobility and city aesthetics, and the construction of Chaka Smart City, an ambitious project intended to enhance urban living standards through smart infrastructure and sustainable design. Having visited Addis Ababa regularly over the years, Mulamula noted that each return reveals a dramatically different urban landscape marked by new roads, construction projects, and a steadily rising skyline. “Two years ago, no one would have imagined Addis Ababa looking like this. It proves that with vision, such change is possible,” she added. Mulamula emphasized that the city’s transformation goes beyond physical infrastructure, describing it as a powerful symbol of what African cities can achieve through determination, strategic planning and sustained investment.   While some observers have compared the capital’s rapid development to that of global cities, she said Addis Ababa represents something uniquely African. “I heard people saying this would be the ‘Dubai of Africa,’ but I say no. This is the hub of Africa, totally transformed,” she stated. She also highlighted the strong presence of local workers across construction sites, noting that Ethiopians themselves are driving the city’s development. “I don’t see foreign faces on these construction sites. These are Ethiopians working hard to transform their city,” Mulamula said. According to the envoy, the pace of development reflects a remarkable national work ethic and determination. “Sometimes you wake up and find a new road has appeared overnight. The work ethic and commitment are remarkable,” she noted.   Mulamula urged other rapidly urbanizing African cities to draw lessons from Addis Ababa’s experience, stressing that unity, long-term vision, and collective effort can lead to transformative change. She added that the capital’s expanding skyline symbolizes not only architectural progress but also growing national confidence and ambition about the future. As host city of the African Union headquarters, Addis Ababa’s modernization further strengthens its role as the political heart of the continent and highlights Ethiopia’s increasing influence in shaping Africa’s urban future.

Addis Ababa, March 14, 2026 (ENA)—Ethiopia’s Ministry of Agriculture has launched today national strategies that improve productivity while preserving the environment. Both strategies, the National Agroecology Strategy for Food System Transformation (2026–2040), and the Ethiopian National Agroforestry Development Strategy (2026–2035), represent complementary pathways for transforming Ethiopia’s agricultural and food systems. The Agroecology strategy provides a broad framework for building sustainable and resilient food systems, while the Agroforestry strategy offers practical tree-based solutions that strengthen ecological processes within farms and landscapes.   Speaking at the launching ceremony, Agriculture State Minister Professor Eyasu Elias said the agricultural sector is playing irreplaceable role in the country's economic growth. However, climate change, soil fertility decline, environmental degradation, and deforestation have affected the agricultural productivity. In spite of these obstacles, Ethiopia has achieved remarkable achievements in establishing resilient productive system through the Green Legacy program. The state minister elaborated that the Agroecology strategy would significantly contribute to improvements in soil health, water use, and biodiversity conservation.   Similarly, the Agro-forestry strategy would play vital role in improving forest and agricultural landscape, he added. According to him, both national strategies will play a key role in the effort to ensure food sovereignty by improving farmers' welfare and soil fertility.   Natural Resource Development, Protection and Utilization Lead Executive Officer at the Ministry, Fanose Mekonen, said cooperation between development partners and stakeholders is crucial for the effectiveness of the national strategies.