Addis Ababa, May 4, 2026 —Bahir Dar, the Amhara regional capital, is entering a new phase of tourism-led transformation as major investments and flagship developments begin reshaping the city’s economic and cultural landscape, Deputy Prime Minister Temesgen Tiruneh said. Speaking at the official launch of the Four Points by Sheraton Tana Hotel, Temesgen described the 3.3 billion Birr project as a major milestone in Bahir Dar’s ambition to become one of Ethiopia’s leading tourism destinations. The hotel, which will be developed by MIDROC Investment Group on the historic site of the former Tana Hotel, is expected to be completed within 18 months. “This major project marks a significant step forward for the rise of Bahir Dar and our country as a tourism destination, while also contributing to economic recovery,” Temesgen said.   He noted that the investment reflects growing confidence from the private sector and praised MIDROC for its continued engagement in key sectors such as agriculture, mining, and tourism. “The company’s proactive role in filling critical investment gaps during challenging times serves as a strong example,” he added. Temesgen emphasized that the project aligns with Ethiopia’s broader efforts to build a resilient and sustainable economy through tourism development and private-sector participation. MIDROC Investment Group Chief Executive Officer Jamal Ahmed reaffirmed the company’s commitment to the project, saying the government’s improving investment climate has created favorable conditions for expanding tourism infrastructure. “We are taking advantage of the favorable environment created by the government to contribute to the revival of the tourism sector,” Jamal said. He added that the hotel will meet international standards and be delivered on schedule.   The new hotel will be built on 32,440 square meters of land and will feature 120 modern guest rooms, four international restaurants, a conference hall capable of hosting more than 1,000 guests, and leisure facilities including a swimming pool. Alongside the hotel launch, the Deputy Prime Minister also inaugurated the Felege Ghion Eco Resort, describing it as another major step in strengthening Bahir Dar’s tourism appeal. “Lake Tana is an inexhaustible source of development and a beacon of beauty that will never fade,” Temesgen said. He highlighted Bahir Dar’s unique geographic significance—where Lake Tana meets the Abay River (Blue Nile)—describing the city as a destination capable of refreshing “the human spirit, body, and soul.” According to Temesgen, tourism projects such as the Gorgora Eco Resort and the newly inaugurated Felege Ghion Eco Resort are helping elevate the region’s profile both locally and internationally. Developed under the government’s Gebeta Le Hager Initiative, the eco-resort includes entertainment facilities, retail spaces, an amphitheater, and riverfront infrastructure designed to boost tourism activity and create economic opportunities.   “It is a resort that strengthens the local tourism industry while adding a new layer of beauty and growth to the city,” he said. Temesgen said the government remains committed to developing tourism as a strategic economic sector and urged investors who have already secured land in Bahir Dar to begin implementation without delay. Reflecting on the city’s future, he described Bahir Dar as a place where history and modern development intersect. “Hundreds of years have passed since history began to be written in this area. Today, history is moving forward,” he said. During his visit, the Deputy Prime Minister also toured several major infrastructure projects, including the Bahir Dar Stadium, a new airport terminal, the regional Supreme Court, and ongoing corridor development projects. “We have confirmed that our path is right and our destination is certain,” Temesgen said. “We will not rest until Bahir Dar becomes a cradle of civilization.”

Addis Ababa, May 4, 2026 —Ethiopia’s ongoing macroeconomic reform program is delivering encouraging economic results, with stronger-than-expected growth and easing inflation, Finance Minister Ahmed Shide told lawmakers on Monday. Presenting the Ministry of Finance’s nine-month performance report to the House of People’s Representatives (HPR)’s Standing Committee on Planning, Budget and Finance, the misnister said reforms introduced since the 2017 Ethiopian fiscal year have begun producing measurable improvements across key economic indicators. “Since the implementation of the inclusive macroeconomic reform program, several encouraging economic outcomes have been registered,” the minister told members of parliament. According to Minister Ahmed, Ethiopia’s economy outperformed earlier forecasts, expanding by 9.2 percent, compared with the government’s initial projection of 8.4 percent.   He said the government expects growth to accelerate further to 10.2 percent in the 2018 Ethiopian fiscal year if reform efforts continue, potentially positioning Ethiopia among Africa’s fastest-growing economies. The minister said the government is also introducing additional measures this fiscal year to strengthen the reform agenda. “In the current fiscal year, a series of reform measures are being implemented to strengthen the effectiveness of the reform,” he said. Inflation, one of Ethiopia’s most pressing economic challenges in recent years — has also shown signs of easing, according to the minister. Ahmed said inflation fell to single digits for the first time in December, reaching 9.7 percent, before declining further to 9.4 percent in March following a prolonged period of price pressures. He attributed the improvement to tighter fiscal and monetary policies, combined with productivity gains. “The main reason for this success is the implementation of strict fiscal and monetary policies, supported by increased productivity under a comprehensive reform framework,” he said. However, lawmakers urged caution and stressed the need to sustain the momentum. Desalegn Wedaje, chairperson of the Planning, Budget and Finance Standing Committee of the HPR, said efforts should continue to strengthen domestic revenue generation, narrow the budget deficit, and maintain inflation controls.   He also described the government’s revenue and expenditure performance over the past nine months as encouraging but called for stronger measures to ensure continued progress. Desalegn further emphasized the need to accelerate debt restructuring efforts and deepen cooperation with development partners to support Ethiopia’s broader economic reform agenda.

Addis Ababa, May 4, 2026 —The Made In Ethiopia national movement is reshaping the nation's economic landscape by strategically resolving deep rooted and widespread structural bottlenecks, according to Office of the Prime Minister (PMO). In its newsletter, the office noted that historic journey, anchored in integrated leadership and policy reforms, has sustained the competitiveness of the manufacturing sector and propelled it toward a new peak of productivity. By projecting raw material supplies from 29 million to 76 million tons averaging 15 million tons annually the movement has established a formidable foundation for an industrial renaissance. This progress is further reinforced by monumental infrastructure investments, including the commissioning of 3.4 GW of electric power for new investments over the past four years and the transfer of over 25,728 hectares of developed land to investors within just nine months of 2018. Financial empowerment has also reached unprecedented levels, with credit for small and medium industries projecting from 8.1 billion to 50 billion ETB (Annual growth of 12 billion ETB), while large scale manufacturers saw financing incremental from 52 billion to 262 billion ETB (Annual growth of 55 Billion ETB).   Supported by macroeconomic reforms, 2.28 billion USD in foreign currency was channeled to major producers, driving 14 percent annual growth in forex access and boosting average capacity utilization from 47 percent to 67 percent. Consequently, the sector’s annual growth rate accelerated from 4.8 percent in 2022 to 10.7 percent in 2025, pushing manufacturing output to 195.4 billion ETB. As evidenced by World Bank data showing an 8.4 percent value added increase and 433.8 million USD in export earnings, Ethiopia is tangibly asserting its industrial sovereignty and anchoring its journey toward shared prosperity on an unshakeable foundation. Manufacturing export earnings rose from 358 million USD in 2014 to 433.8 million USD in 2018, while import substitution saved over 4.85 billion USD in foreign currency during 2018's first nine months. This boosted the local market share from 30 percent to 46 percent. Diplomatic gains like joining BRICS and macroeconomic reforms helped attract over 2,800 investments in four years. Furthermore, the sector flourished by establishing 18,000+ small and medium industries and reviving 993 closed factories. Made in Ethiopia 2026: By raising public awareness and promoting a society that takes pride in domestic products, Made in Ethiopia is actively working to attract new investors, enhance the exchange of knowledge and technology, and expand market linkages for manufacturing industries. The 2026 Made in Ethiopia Expo, which carries large-scale objectives, differs from the previous two editions by hosting a significantly higher number of industries, participants, and events. Regarding international participation, it is a historic occasion that has grown in both volume and diversity compared to last year, with foreign entities heavily integrating and showcasing their latest technologies.

Addis Ababa, 4 May 2026 -- Ethiopian Airlines has received Best Airline in Africa 2026 APEX Passenger Choice Awards, a recognition that reflects the confidence and loyalty of passengers who continue to choose the airline across its global network. The award highlights Ethiopian Airlines’ steady focus on delivering a smooth, comfortable, and dependable travel experience, from the moment passengers book their flights to the time they reach their destinations. Consistently strong service, onboard comfort, and operational reliability have all played a role in meeting the changing expectations of today’s travelers. The APEX Passenger Choice Awards are based on independently verified customer feedback, with results shaped entirely by real passenger experiences. This makes the recognition a genuine vote of confidence from travelers themselves. Ethiopian Airlines’ repeated recognition by APEX reflects its long‑term commitment to service quality and operational excellence. Commenting on the award, Mr. Mesfin Tasew, Group Chief Executive Officer of Ethiopian Airlines, said: “Receiving this recognition from our passengers makes it truly special. It reflects the dedication and teamwork of our staff across the entire network. Being named Best Airline in Africa motivates us to keep raising our standards and delivering an experience our customers can trust and enjoy.” APEX Group CEO Dr. Joe Leader on his part said: “Ethiopian Airlines earning the 2026 APEX Best Airline in Africa award reflects the voice of verified passengers at scale. With more than one million verified flight ratings collected through TripIt across more than 600 airlines worldwide, APEX recognizes airlines through the most transparent awards methodology in the industry. Ethiopian Airlines continues to demonstrate leadership in African aviation through passenger experience excellence, operational commitment, and a standard of service that resonates with travelers across the continent and beyond.” Looking ahead, Ethiopian Airlines remains focused on the future, with continued investments in modern aircraft, digital innovation, and service improvements across its expanding global network. Guided by a strong vision and a people‑centered approach, the airline continues to strengthen its role as a leader in African aviation while growing its presence on the international stage.

Addis Ababa, May 3, 2026 —The French Ambassador to Ethiopia, Alexis Lamek, has expressed optimism about Ethiopia’s evolving investment ecosystem and its potential to attract more companies from France. He also recalled recent discussions with Ethiopia’s Minister of Finance, Ahmed Shide, describing him as a highly committed partner in advancing economic cooperation and facilitating investment. Speaking to ENA, the Ambassador said there is a “clear window of opportunity” in Ethiopia for global companies, emphasizing the importance of continued efforts to improve the investment environment. Ethiopia has been undertaking a broad set of economic and regulatory reforms aimed at improving its investment climate and attracting greater foreign direct investment. This includes directives that allow foreign participation in trading activities under defined conditions, reflecting a deliberate effort to expand private sector involvement and increase competition in the domestic economy. As a result of these reforms, Ethiopian authorities report increased investor interest and growing inflows of foreign capital, supported by wider macroeconomic liberalization efforts including financial sector reforms and improvements in digital investment services. “I hope this will make progress and that we will see more and more investors,” Ambassador Lamek said. Ambassador Lamek specifically called for stronger French investment presence in Ethiopia. “I want to see more investors from France in this country. I think it is very important,” he said, adding that all economies benefit from attracting foreign direct investment. He noted that investors generally prefer stable, efficient, and predictable environments, stressing the importance of close collaboration between governments and investment platforms to achieve this. The Ambassador also highlighted the importance of informed investment decisions, noting that ongoing dialogues are helping attract more international investors. He pointed out that many investors currently prefer working with Ethiopian Airlines due to its reliability and efficiency. “At this moment, most investors want to work with Ethiopian Airlines because it is a very reliable and efficient partner. But I think there is more space in Ethiopia, and I would like to see investors also in other sectors and with other partners,” he said. Lamek also commended existing partnerships such as the collaboration between MIDROC Ethiopia and Carrefour, describing it as a strong example of effective business cooperation. “MIDROC, for example, is already working very closely with Carrefour, and I really want to commend that. This is also a very serious and solid company. But I want to see more of that. It is very promising for the future of relations between our two countries,” he added. He noted that such investment models reflect a strengthening economic relationship between Addis Ababa and Paris, which he said will help Ethiopia attract more international businesses for mutual benefit. Concluding his remarks, the Ambassador described ongoing engagement as constructive and expressed confidence in its role in strengthening economic ties and supporting long-term development.

Addis Ababa, May 3, 2026 —Prime Minister Abiy Ahmed announced that Ethiopia is on track to generate 10 billion US dollars in export earnings this fiscal year, marking what would be a historic first for the country. Speaking at the opening of the 4th ‘Made in Ethiopia’ Expo, the Prime Minister said the projected revenue reflects a dramatic increase from just three years ago, when the country’s annual export earnings had not exceeded 3 billion USD. PM Abiy attributed the progress to the country’s expanding industrial sector and the success of the Made in Ethiopia movement, noting that manufacturing growth has risen from 4.7 percent to 10.7 percent this year. The Prime Minister said Ethiopia’s economic strategy has focused on expanding exports while reducing reliance on imported goods through domestic production.   According to the Premier, Ethiopia has produced 14.5 billion USD worth of import-substitute goods over the past four years, with plans to double that figure in the coming years. In that regard, the Prime Minister warned that failure to expand domestic production would leave the country vulnerable to mounting debt burdens that could affect future generations. The PM also revealed that 993 previously closed industries have resumed operations, contributing significantly to job creation and trade expansion. He added that since the launch of the national manufacturing drive, Ethiopia has attracted 3,680 new investors into the sector. PM Abiy called on Ethiopian manufacturers to embrace economic patriotism by rejecting contraband trade and corruption while improving competitiveness.   “The time of producing only for the domestic market is over,” he said, urging local manufacturers to expand into broader African markets. The Prime Minister further disclosed that Ethiopia has identified 96 products for import substitution through local manufacturing, including plans for major expansion in the ceramics industry. He also stated that Ethiopia’s economy is currently growing at 10.2 percent, driven by progress in agriculture, mining, manufacturing, tourism, and technology sectors. In a notable development, Prime Minister Abiy said Ethiopia has moved beyond self-sufficiency in defense production and has begun exporting defense products to more than six African countries.   He concluded by emphasizing that Ethiopia’s full economic sovereignty will be achieved once the country begins producing its own industrial machinery for sectors such as defense, textiles, and pharmaceuticals.

Addis Ababa, May 3, 2026 —Ethiopia’s manufacturing sector is playing an increasingly vital role in strengthening the country’s economic sovereignty, Industry Minister Melaku Alebel said at the opening of the 4th ‘Made in Ethiopia’ Expo. Speaking at the event, officially launched by Prime Minister Abiy Ahmed, the minister underscored the government’s commitment to expanding industrial production and reducing dependence on imported goods through stronger domestic manufacturing. The opening ceremony was attended by senior government officials, including House of Federation Speaker, Agegnehu Teshager, President of the Federal Supreme Court, Tewodros Meheret, dem Farah, Vice President of the ruling Prosperity Party (PP) and Head of the Democratic System Building Center, with the rank of Deputy Prime Minister, alongside other high-ranking officials and invited dignitaries.   In his remarks, Melaku said the achievements recorded by Ethiopia’s productive workforce under the government’s reform agenda demonstrate the country’s growing momentum toward prosperity. He described industrial development as a central pillar of the government’s development strategy, noting that a strong manufacturing sector helps safeguard national sovereignty, reduce economic dependency, and preserve national dignity. According to the minister, continued investment in manufacturing will enable Ethiopia to withstand external economic pressures while ensuring sustainable long-term growth. He added that the government has introduced wide-ranging reforms in recent years, including macroeconomic measures, new policy frameworks, and efforts to create a more favorable environment for manufacturers to boost productivity. Melaku also highlighted the establishment of the Manufacturing Industry Council, which he said was created to address challenges facing producers and improve efficiency across the sector. He noted that reforms implemented over recent years have increased production capacity, expanded local substitute products, and strengthened export performance.   The minister said the Made in Ethiopia movement has also played a significant role in raising public awareness about the importance of supporting locally made products. The expo will help strengthen collaboration among manufacturers, encourage experience-sharing, and facilitate research and technology transfer to further enhance the sector’s competitiveness, he further elaborated. Melaku reaffirmed the government’s commitment to addressing persistent manufacturing challenges, particularly in finance and infrastructure—while also emphasizing the importance of expanding rural industries to sustain the progress achieved over the past four years.

Addis Ababa, May 3, 2026 —Prime Minister Abiy Ahmed officially launched the 4th “Made in Ethiopia” Expo today, emphasizing the country’s ongoing efforts to expand and strengthen its manufacturing sector as a central pillar of economic transformation. The Prime Minister underscored that the program has already delivered significant results across key industrial and economic indicators. According to official figures presented at the event, manufacturing input supply has increased from approximately 9 million to over 15 million tons annually.   More than 3.4 GW of electricity has been supplied to new industrial investments, it was noted. Financing for the sector has also surged from 8.1 billion Birr to over 50 billion Birr for SMEs, and to more than 262 billion Birr for large industries. In addition, over 2.28 billion USD in foreign currency has been allocated to the sector. Industrial performance indicators showed further improvement, with production capacity utilization rising from 47% to 67%, while manufacturing growth increased from 4.8% to 10.7%, with additional expansion expected. Import substitution efforts have generated savings of up to 4.85 billion US dollars, while export performance continues to strengthen.   The government also reported that more than 2,800 investments have been attracted, creating approximately 1.4 million jobs. The “Made in Ethiopia” Expo has grown into a key national platform that connects industries, attracts investment, and showcases domestic innovation. This year’s edition features hundreds of exhibitors and draws tens of thousands of visitors.   Officials say the launch reflects Ethiopia’s accelerating industrial transformation, with manufacturing increasingly positioned at the center of economic growth, job creation, and global competitiveness.

Addis Ababa, May 3, 2026 —Prime Minister Abiy Ahmed has highlighted Ethiopia’s major industrial achievements over the past four years, describing them as clear evidence of the country’s commitment to economic transformation and self-reliance. Speaking at this year’s “Made in Ethiopia” Expo, the Prime Minister said it was a proud moment to witness the tangible realization of Ethiopia’s national vision through remarkable industrial growth and investment success. “Our results-driven governance is producing measurable outcomes,” Prime Minister Abiy said, pointing to key milestones achieved under the government’s industrial development agenda.   According to the Prime Minister, average industrial production capacity utilization has risen significantly from 47 percent to 67 percent. He also noted that Ethiopia has attracted more than 2,800 domestic and foreign direct investments over the past four years, according to remarks shared on his social media platforms. In addition, the country has saved more than 4.85 billion US dollars in foreign exchange through import substitution during the first nine months of the 2018 Ethiopian fiscal year, he said. The Prime Minister noted that the “Made in Ethiopia” Expo has brought together hundreds of emerging enterprises, manufacturers, and innovative startups from across the country, showcasing Ethiopia’s growing industrial potential.   He stressed that continued collaboration among the government, investors, and businesses will be essential to sustaining momentum and accelerating national development. “By working together and sustaining this momentum, we will build a resilient, industrialized, and self-reliant Ethiopia for generations to come,” he said.   Closing his remarks on a patriotic note, Prime Minister Abiy reaffirmed confidence in Ethiopia’s future. “We were great, and we shall be even greater,” the Prime Minister underscored.

Addis Ababa, May 3, 2026 —Ethiopia is positioning itself as one of Africa’s leading renewable energy hubs, Office of the Prime Minister (PMO) said, highlighting the country’s expanding solar energy sector and growing industrial investment. In social media post, the PMO said Ethiopia’s renewable energy momentum is being fueled by rapid solar power expansion, with several new industrial players expected to significantly boost the nation’s energy capacity. The government noted that Ethiopia’s year-round sunshine, often described locally as “thirteen months of sunshine” — offers strong potential for solar energy development. According to the PMO, new investments are projected to contribute an estimated 13.3 gigawatts of solar energy annually. Among the major projects cited were Origin Solar Factory, Toyo Solar Phase 2 Factory, Lumintech Solar Factory, and Gobeze Solar Cell, which are expected to play a key role in expanding Ethiopia’s renewable energy production. The announcement reflects Ethiopia’s broader push to strengthen its clean energy sector and position itself as a regional leader in sustainable power development, it was learned.

Addis Ababa, May 3, 2026 —Although Africa has the resources, population, and market potential to become one of the world’s most competitive economic blocs, the continent must first recognize and fully utilize its strengths, according to Elizabeth E. Onwuchekwa, Director-General of the Pan-African AU Agenda 2063 Diplomatic Mission. In an exclusive interview with ENA, Onwuchekwa, said Africa continues to underperform because it has not effectively leveraged its natural wealth, human capital, and internal markets for development and economic transformation. Africa is now the second most populous region globally and the fastest-growing major population center in the world, with an estimated 1.58 billion people in 2026. According to Onwuchekwa, Africa’s development challenge is not a lack of opportunity, but the failure to intentionally organize and deploy its vast resources to build the continent envisioned under the African Union’s Agenda 2063. The growing population in the continent should be seen not as a burden, but as a strategic asset that can drive industrialization, trade, innovation, and long-term prosperity if properly harnessed, she insisted. “What we are doing here (at the Twelfth Session of the Africa Regional Forum on Sustainable Development) is the beginning of it—coming together as one continent to identify and discuss the challenges and the resources at our disposal....Then we go back and begin to implement.” She stressed that African countries must be deliberate in translating policy commitments into practical action, particularly in trade, regional integration, and economic cooperation. The Director-General noted that one of the continent’s biggest untapped strengths is its internal market. Despite being home to one of the world’s fastest-growing consumer populations, trade among African countries remains limited and often more difficult than commerce with external markets, she added. “Trading among African countries is actually harder than it is to trade with the Western world,” Onwuchekwa pointed out, stating that “it seems easier to buy things from China, from the U.S., from the U.K., than it is to buy things from among African countries.” Connecting these markets more efficiently through trade and logistics is critical to unlocking Africa’s economic potential, she said. To help address this, the Director-General revealed that the Pan-African AU Agenda 2063 Diplomatic Mission has developed a digital trade platform aimed at simplifying intra-African commerce and improving market access across borders. Thee platform, known as the Pan-African Continental Supermarket Place (PAC-SM), is designed to make trade in goods and services more seamless by allowing businesses across Africa to identify suppliers, make purchases, and exchange products more easily, she elaborated. “One of the things we have put in place is to make sure that everyone within the African continent can find whoever can sell whatever they want easily and buy whatever they need from other African countries easily.” According to Onwuchekwa, the platform, which is already in place, is being refined to support smoother transactions, easier trade flows, and stronger commercial linkages among African economies. Women and youth must be central to Africa’s transformation, the Director-General emphasized, as the continent seeks to convert its demographic growth into long-term economic gains. Recall that Africa is the youngest continent in the world and is projected to become one of the largest future sources of labor, consumption, and economic expansion globally. Onwuchekwa said women and youth are already stepping forward across the continent, but broader participation will be essential to building a more resilient and self-sustaining Africa. “More youth, more women need to come into the solution table to be part of what is already going on in building the Africa that we want.”

Addis Ababa, May 2, 2026 —The ongoing corridor development and mega projects in Addis Ababa have brought about an astonishing transformation in the city’s image, according to ambassadors residing in the capital city. The ambassadors told ENA that the dramatic changes witnessed in the capital over a short period are striking. Addis Ababa has transformed its urban landscape and became a modern, beautiful, and convenient city for both residents and visitors. Romania’s Ambassador to Ethiopia, Julia Pataki, said the scale of transformation achieved in Addis Ababa is inconceivable. According to her, the city has changed so dramatically over the past year and a half that some areas she once knew have become difficult to recognize. The Ambassador said Addis Ababa has become a modern city with wide roads, attractive pedestrian walkways, and parks as a result of the corridor development works. This transformation is not only a government project but also a public one, she stated, adding that initiatives ranging from the Grand Ethiopian Renaissance Dam to tourism development efforts deserve appreciation. “This is a major transformation. I must say this is not only a government project, but also a public project. Everything changing here from the Grand Ethiopian Renaissance Dam to tourism projects, and especially this corridor development project—is impressive,” Ambassador Pataki noted. Mexico’s Ambassador to Ethiopia, Alejandro Ives Estivill Castro, said the corridor development has not only enhanced the beauty of the city but also created a more comfortable and accessible environment for residents. For foreign nationals, moving around, driving, and enjoying the city has become much easier and more appealing, he added. “As a foreigner, it is now much easier to move around Addis Ababa, to drive, to get around, and to enjoy life here. At this moment, this project is very eye-catching and attractive.” Finland’s Ambassador to Ethiopia, Sinikka Antila, said the corridors, parks, and riverside developments are impressive. She stated that the projects carried out across the city are remarkable and making Addis Ababa an increasingly attractive place to live and spend leisure time. “All these changes—the corridors, the parks, and now the riverside developments—are things I have seen during my stay. It is a very impressive transformation. It is truly wonderful to have such beautiful recreational spaces. The change seen here is remarkable; and I have witnessed it myself during my time here.” Bangladesh’s Ambassador to Ethiopia, Air Vice Marshal Sitwat Nayeem, said the speed at which the transformation is taking place is impressive. He added that the difference between what he saw in July last year and what exists now is like day and night. “I am seeing many positive changes taking place in Ethiopia…(And) the work being done to make this city meet international standards is admirable and truly very good.”

Addis Ababa, May 2, 2026 —Addis Ababa, May 2, 2026 —Prime Minister Abiy Ahmed said the Huajian Special Economic Zone (SEZ) will contribute significantly to foreign direct investment and economic growth of Ethiopia. The premier visited the "Gobez Solar Cell" manufacturing facility and other factories located in the Huajian Special Economic Zone in Addis Ababa today. He said on the occasion that ''we will realize Ethiopia’s prosperity within a short period by recording sustainable and continued growth through working diligently, completing ongoing projects and filling gaps."   PM Abiy stated that the Huajian Special Economic Zone, built by a private investor, is threefold larger than the Jimma and Kombolcha industrial parks, and is comparable in size to the Hawassa Industrial Park. The Huajian Special Economic Zone has 30 sheds, accommodates large number of people, and is located close to the city. The Special Economic Zone, which used to largely produce textiles, will now produce products such as solar, electric bicycles, shoes, and clothing in the economic zone. The premier further pointed out that the production of various products in the economic zone will expand market opportunities.   The "Gobez Solar Cell" factory, which is currently producing two gigawatts, will begin producing two more gigawatts next year, he added. PM Abiy also highlighted the recent growth of the expansion of solar cell production within a short period of time. The Huajian Special Economic Zone with many sheds has the potential to attract a lot of foreign investment, according to the premier. Stressing the benefits of industries to the economy, job creation, energy, and service, he said, they have also multifaceted advantages, including foreign exchange earnings, and knowledge transfer, among others.   According to Prime Minister Abiy, the Ethiopia Tamirt (Made in Ethiopia) movement is gaining momentum in the country with tangible results in bringing industrial transformation, demonstrating that Ethiopia has the opportunity to become self-sufficient in various spheres in the coming years.

Addis Ababa, May 2, 2026 —The Ethiopian Electric Power (EEP) announced that Ethiopia has significantly expanded its power generation capacity and electricity access over the past seven years, strengthening its drive to become a leading renewable energy hub in Africa. Moges Mekonnen, EEP Communication Director, told ENA that national electricity access has risen from 44 percent to about 54 percent, reflecting sustained investment and reform efforts in the energy sector. He also revealed that the country’s installed power generation capacity has more than doubled, increasing from 4,462 megawatts to 9,752 megawatts over the same period. “This is a major leap that reflects Ethiopia’s fast progressing energy development,” he underscored. The expansion has been bolstered by extensive infrastructure development. According to him, the country’s power grid consists of more than 21,000 kilometers of transmission lines, ranging from 132 to 500 kilovolts, which enable electricity to reach broader areas of the country. Ethiopia continues to rely almost entirely on renewable energy, with close to 100 percent of electricity generated from hydropower, wind, solar, and geothermal sources. Moges further stressed the importance of diversifying the energy mix to improve resilience to climate variability. Hydropower currently dominates generation, while wind contributes about 4 to 5 percent and geothermal accounts for less than 1 percent, he said, adding that efforts are underway to scale up alternative renewable sources and build a more climate-resilient system. Major projects such as the Grand Ethiopian Renaissance Dam, the Aysha II Wind Power Project, and the Asella Wind Farm have played a key role in boosting capacity. Electricity demand is rising rapidly, growing by more than 20 percent annually, driven by industrial expansion, urbanization, and broader economic activity, he elaborated. Despite this growth, system losses—referring to the electricity generated but lost during transmission—remain relatively low at 5 percent to 6 percent, which is within internationally acceptable levels. Moges attributed this to continued investment in distribution networks and substations, while noting that efforts are ongoing to further reduce these losses. Looking ahead, Ethiopia aims to achieve universal electricity access within five years through a mix of grid expansion and off-grid solutions. Grid access is expected to reach between 75 and 78 percent, with the remainder served through off-grid technologies such as solar and biogas, the director added. According to him, Ethiopia is reinforcing its role in cross-border electricity trade in line with the African Union’s Agenda 2063, which emphasizes continental infrastructure connectivity. The country currently exports electricity to Sudan, Djibouti, Kenya, and Tanzania, with new agreements underway with South Sudan. Somalia and Somaliland have also expressed interest in future supply. Moges further emphasized that Ethiopia plans to expand exports beyond neighboring countries by utilizing third-party transmission networks to access wider African markets, including Southern Africa. Revenue from electricity exports is being reinvested into domestic infrastructure development, he said, citing the Aysha II wind project as an example, noting that it is now being supported through internal financing after earlier funding challenges. Data from Ethiopian Electric Power shows that the country generated about 24,970 gigawatt-hours of electricity in the first nine months of the current fiscal year, generating 90.16 billion Birr from domestic and export sales. Foreign currency earnings from electricity exports reached 366 million U.S. dollars during the same period, an increase of 138 million dollars compared to the previous year. “The progress achieved in a short period encourages us to do more,” Moges said, emphasizing that Ethiopia’s renewable energy expansion is contributing to economic growth and the transition to a carbon-free economy. With continued investment and diversification, Ethiopia is positioning itself as a key player in Africa’s clean energy future while advancing inclusive and sustainable development.

Addis Ababa, May 2, 2026 —Prime Minister Abiy Ahmed on Saturday visited the Gobeze Solar Cell manufacturing plant located within the Huajian Special Economic Zone in Addis Ababa. According to the Prime Minister, the factory was established following an agreement signed during the Invest in Ethiopia Forum 2025, with an initial investment of 100 million US dollars in its first phase. PM Abiy noted that through effective government support and close follow-up, the Gobeze Solar Cell Manufacturing Plant became operational in just six months. The facility is equipped with modern machinery and advanced technology and has already created employment opportunities for many Ethiopians. In its first phase, the factory has an annual production capacity of 2 gigawatts, a significant contribution toward Ethiopia’s national goal of meeting its growing energy demand through renewable sources. During the visit, Prime Minister Abiy also toured a shoe manufacturing factory and an electrical substation located within the industrial park. Speaking on the visit, the Prime Minister emphasized that expanding local manufacturing capacity in renewable energy and industrial production remains a key part of Ethiopia’s broader economic transformation agenda.

Addis Ababa, May 2, 2026 —Prime Minister Abiy Ahmed has led a transformative series of high-level initiatives throughout April 2026, marking significant strides in scientific research, urban renewal, and macroeconomic stability while fortifying Ethiopia’s diplomatic and continental leadership. The Prime Minister’s activities this month were anchored by the inauguration of several landmark projects designed to bolster national self-sufficiency and urban livability, according to Office of the Prime Minister. Key among these was the unveiling of a state-of-the-art research complex at the Armauer Hansen Research Institute (AHRI), equipped with 40 laboratories and a bioequivalence center to certify locally manufactured pharmaceuticals. In the capital, the Arada Park and Addis Sports Park projects were launched, transforming neglected areas into vibrant multi-purpose hubs that integrate Olympic-standard infrastructure with community housing and commercial opportunities. In a move that solidifies Ethiopia’s role in the future of African technology, Prime Minister Abiy was appointed as the African Union Champion for Artificial Intelligence and Digital Health. This continental mandate aligns with the Prime Minister’s domestic push for "Industry 4.0," emphasizing chips, data, and robotics as essential pillars of national sovereignty. Economic performance reviews for the nine-month period revealed a robust 9.2% growth rate, with projections reaching 10.2% for the coming year. This success is underpinned by sweeping reforms that turned state-owned enterprises into profitable entities generating 2.1 trillion birr in revenue. On the diplomatic front, Ethiopia hosted the Presidents of Burundi, Liberia, South Sudan, and Mozambique, signing several cooperation agreements in defense, health, and education. Domestically, the Prime Minister extended the appointment of Lt. Gen. Tadesse Worede as President of the Tigray Region Interim Administration following a review of the region’s annual performance. The month also highlighted Ethiopia's environmental and social commitment, with early preparations beginning for hosting COP32 in 2027 and the report of over 19.8 million jobs created over the past eight years, underscoring a period of intensive nation-building.

Addis Ababa, May 2, 2026 —Ethiopia’s growing role as a regional energy hub is highlighting the urgent need for stronger intra-African trade to accelerate industrial growth across the continent, Tanzania’s Deputy Minister for Minerals, Stephen Kiruswa, told ENA. Ethiopia is increasingly emerging as a key player in East Africa’s energy integration efforts. As one of the region’s largest electricity producers—generating most of its power from renewable sources, the country already exports electricity to Djibouti, Sudan, and Kenya, while advancing new transmission connections with Somalia and Tanzania. The cross-border energy projects align with the African Union’s Agenda 2063, which envisions a continent-wide renewable energy network aimed at strengthening regional integration through shared infrastructure. Approached by ENA on the sidelines of the Africa Regional Forum on Sustainable Development in Addis Ababa, Kiruswa praised Ethiopia’s growing contribution to regional energy cooperation. “Ethiopia is a major producer of electricity in the region,” Kiruswa said, noting that power generated in the country is already being shared through regional cooperation mechanisms. He stressed that improved energy access remains critical for industrial expansion and deeper economic collaboration across Africa. According to the deputy minister, Ethiopia’s progress offers a practical model of how regional integration can deliver concrete economic benefits by supporting manufacturing growth, attracting investment, and strengthening shared infrastructure. Kiruswa noted that Tanzania is also expanding regional energy connectivity through the Mwalimu Julius Nyerere Hydropower Project, which is expected to supply electricity to neighboring countries, including Zambia and Malawi. “Some of the power from Ethiopia is coming through Tanzania. We are sharing through the power-sharing platform and that electricity is also being generated in Tanzania through one of the major dams,” he said. He emphasized that growing energy integration must be matched by stronger trade ties to unlock Africa’s industrial potential and reduce dependence on external markets. African countries are ramping up efforts to build regional value chains under the African Continental Free Trade Area (AfCFTA), which seeks to create a single market for goods and services while boosting trade among African nations. Kiruswa called for better utilization of regional economic blocs such as the East African Community (EAC), Southern African Development Community (SADC), and the Economic Community of West African States (ECOWAS) to ease the movement of goods, services, and industrial inputs across borders. He said stronger cooperation would help countries establish shared processing hubs, lower production costs, and build more resilient industrial supply chains. “If we are manufacturing electric vehicle batteries in Tanzania, Ethiopia can buy them from us instead of importing from outside Africa,” Kiruswa said. “Likewise, we can source what we need from our neighbors. That is how intra-African trade will prosper.” He added that cross-border industrial specialization could strengthen regional value chains and accelerate industrialization across the continent. Kiruswa concluded that harmonized regulations, coordinated industrial planning, and stronger trade frameworks will be essential for African countries to fully benefit from their natural resources, expanding energy systems, and growing consumer markets. He said combining increased energy connectivity with stronger intra-African trade systems would provide a solid foundation for sustainable industrial growth and long-term economic transformation across Africa.

Addis Ababa, May 1, 2026 —Ethiopia’s drive to strengthen its manufacturing sector is gaining momentum, with the government positioning the upcoming 4th Made in Ethiopia Expo as a flagship platform for industrial growth, trade expansion, and innovation. Industry Minister Melaku Alebel said the “Made in Ethiopia” initiative is already improving the competitiveness of local manufacturers by boosting productivity. According to him, the initiative is also addressing structural bottlenecks, and expanding market access through coordinated policy support and targeted interventions. Set for May 3–8, 2026, at the Addis International Convention Center, the expo will be held under the theme “Made in Ethiopia for Multifaceted Sovereignty.” The government expects the event to attract more than 150,000 local and international visitors, bringing together manufacturers, investors, policymakers, and innovators in a large-scale showcase of Ethiopia’s industrial capacity. Officials project that the expo could generate over 850 trade agreements worth more than 5 billion birr, highlighting its role as both a commercial hub and a policy-driven platform for industrial expansion. The event is designed not only to promote Ethiopian-made goods but also to accelerate innovation, technology transfer, and knowledge sharing across sectors. Startups will have dedicated space to connect with established firms, potentially scaling their ideas into commercial ventures. Beyond exhibitions, the program will include panel discussions, product development competitions, and recognition awards aimed at strengthening Ethiopia’s broader industrial ecosystem. Authorities also say the initiative is aligned with national efforts to reinforce food sovereignty through stronger agro-industrial linkages. At its core, the expo reflects a broader push to reposition Ethiopia’s manufacturing sector as a driver of economic transformation and global competitiveness.

Addis Ababa, May 1, 2026 —Ustaz Jamal Bashir, founder of the “Kings of the Abay” YouTube channel, is calling for a serious reassessment of Egypt’s long-standing stance on the #AbayRiver. He argues that current policies fail to recognize the legitimate rights of upstream nations, especially Ethiopia, which contributes nearly 85% of the river’s water. In an exclusive interview with ENA, emal, who is also an advocate for the equitable utilization of the Abay River’s waters, said Egypt’s stance is rooted in outdated perceptions that fail to reflect present realities and the principle of equitable water utilization. “The current approach overlooks Ethiopia’s legitimate right to use its natural resources for development,” he said. He noted that historical agreements such as the 1929 and 1959 Nile treaties between Egypt and Sudan were concluded under colonial conditions without Ethiopia’s participation. According to him, relying on such agreements to limit Ethiopia’s access to fair water use lacks legal and moral justification. Jemal emphasized that Ethiopia’s position on the Abay is based on fair historical and legal grounds. He added that the progress of the Grand Ethiopian Renaissance Dam demonstrates the country’s commitment to achieving development while avoiding harm to downstream nations. “The GERD reflects Ethiopia’s rightful aspiration to utilize its resources responsibly,” he stated. He further stressed that external pressure would not deter Ethiopia’s development efforts but would instead reinforce its commitment to sovereignty and unity. “Ethiopia has the capacity to safeguard its interests and uphold its strategic choices,” he noted. Highlighting the river’s importance, he described the Abay, which originates from Lake Tana, as a critical resource for agriculture and national growth. He further noted that attempts to minimize its significance to Ethiopia are neither accurate nor objective. According to him, Ethiopia follows the principle of fair and equitable utilization of transboundary water resources, balancing its development needs with respect for other countries’ rights. He also called for a shift away from entrenched positions toward constructive dialogue based on mutual benefit. He also warned that instability in Sudan could disrupt regional balance and undermine cooperation among Nile Basin countries. Ethiopia is strengthening its role as a responsible regional actor by advancing development while promoting stability through dialogue and cooperation, he concluded.

Addis Ababa, May 1, 2026 — Ethiopian Airlines has successfully navigated challenging periods over the past eight decades while continuing to promote global connectivity, advance Ethiopia’s development agenda, boost tourism, and serve as a hub for international institutions, Group CEO of Ethiopian Airlines, Mesfin Tasew, said. Speaking at an event commemorating the airline’s 80th anniversary, the CEO noted that the airline’s current strength is the result of decades of growth and achievement. "What began as a single flight to Cairo has since expanded into a global network of 145 destinations across five continents," he said. According to him, the airline has been honestly serving and helping Ethiopia to become a tourism destination through connecting the country to the world and promoting Ethiopia’s positive image. Ethiopian Airlines has also played a role in positioning Ethiopia as the headquarters of the African Union and other regional and international organizations, Mesfin stated. The CEO revealed that Ethiopian Airlines currently operates 147 modern aircraft, including Boeing 787, Dreamliners and Airbus A350 aircraft. Moreover, the airline has created jobs for more than 21,000 internationally competent Ethiopian professionals and carries over 20 million passengers annually. Furthermore, the airline has earned international recognition for service quality and is building a major new airport intended to serve as a model for Africa—while becoming a source of pride for Ethiopians and Africans alike. "These achievements were made despite major obstacles, including wars, government transitions, and global pandemic," the CEO recalled. During the reform period, Ethiopian Airlines has delivered 74 new aircraft and increased its fleet by 47 percent, and has ordered an additional 117 aircraft to support future expansion. According to Mesfin, passenger numbers have doubled, annual revenue increased by 120 percent, and profits tripled. Employee numbers rose by 70 percent, resulting in 13,541 additional jobs, while passenger totals grew from 9 million to 25 million. The airline also built the Skylight Hotel, a five-star property with 1,000 beds, during the reform period.