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Economy
Capital Market to Boost Ethiopia's Integration into Global Financial System: Finance Minister
Dec 2, 2025 249
December 2, 2025 (ENA)— Ethiopia's capital market will strengthen the country's integration into the global financial system and boost investor confidence, Finance Minister Ahmed Shide said. Opening the capital market summit in Addis Ababa today, the Minister noted that a well regulated capital market further strengthens Ethiopia's integration into the global financial system. "It provides foreign investors with clarity, consistency and confidence through government securities, corporate bonds, equities and infrastructure instruments, international capital gains, and structured access to productive sectors of our economy." The Minister stressed the need for a strong coordination among institutions each play a distinctive role in building a transparent, resilient and credible financial ecosystem. "When these institutions work in harmony, we create a market environment that attracts investment, supports stability and delivers results above all, fiscal transparency and accountability must remain nonnegotiable." The government's task is to build a fiscal and financial ecosystem that channels capital to its best value and empowers citizens to participate in the nation's prosperity, he affirmed. By doing so, he further added "we are not simply financing infrastructure, enterprises or public services, we are financing Ethiopia's future, a future that is stable, dynamic, inclusive and sustainable." For the Minister, the foundations have been firmly laid, the direction is clear, and the opportunities are immense, stressing the need to continue to working together with the discipline, vision and collaboration. Ahmed also emphasized the significance of infrastructure as critical priority where capital markets can play a transformative role. "Capital Markets allow us to turn infrastructure into an investable asset class through green bonds, municipal bonds, revenue bonds and infrastructure investment funds, mobilizing both domestic and foreign capital for long term development." During the occasion, National Bank of Ethiopia (NBE) Governor, Eyob Tekalign said access to capital is one of the most powerful engines of economic growth and private sector expansion. When businesses, large and small, are able to secure long term, affordable financing, they can innovate, scale and create the jobs that drive national prosperity, he underscored. With the launch and operationalization of the capital market, the country now has an entirely new platform through which capital can be mobilized efficiently allocated to its most productive uses, he pointed out. According to the Governor, this marks a profound shift in how investment flows across the nation's economy. "The rise of the capital markets at this moment in our economic journey is not accidental. It's deeply aligned with our national aspiration to build prosperity through market based growth." The operationalization of Ethiopia's capital market is a fundamental shift aimed at diversifying its economy beyond bank financing to attract long-term investment for businesses, boost private sector development, and promote economic modernization.
November Sees PM Abiy Intensify National, Global Efforts to Accelerate Ethiopia’s Dev’t
Dec 2, 2025 409
Addis Ababa, December 2, 2025— In November 2025, Prime Minister Abiy Ahmed led a series of high-level national and international engagements centered on driving Ethiopia’s development agenda forward, according to Office of the Prime Minister. During the month, Prime Minister Abiy Ahmed achieved a major diplomatic milestone by participating in the G20 Leaders’ Summit hosted by South Africa and held on African soil for the first time. His presence advanced Ethiopia’s national interests and amplified Africa’s collective voice, reflecting the continent’s growing influence in global affairs. 𝗥𝗲𝘃𝗶𝗲𝘄 𝗼𝗳 𝗜𝗿𝗿𝗶𝗴𝗮𝘁𝗶𝗼𝗻 𝗣𝗿𝗼𝗷𝗲𝗰𝘁𝘀 𝗮𝗻𝗱 𝗧𝗼𝘂𝗿𝗶𝘀𝗺 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 During his visit to Gondar City in the Amhara region, the Prime Minister inspected the Megech Irrigation Development Project. Covering 870 hectares and expected to irrigate about 17,000 hectares, the construction is progressing on schedule, and once the dam is completed, it will significantly boost agricultural productivity. The Prime Minister, the First Lady, and senior officials also inaugurated the restored Fasil Ghebbi. The restoration revitalized the historic site through structural repairs, improved pathways, and the careful use of traditional materials such as cedar and wanza wood. Visitor amenities, including a tourist centre, public restrooms, lighting, and security, were enhanced. Key landmarks such as the palaces of Emperors Fasil, Yohannes I, and Eyasu I, along with bridges, baths, and gates, were rehabilitated. More than 40,000 square meters were landscaped, and the entire restoration was completed within one year. In Gorgora, the Prime Minister and other officials launched the Tananesh II Ferry, connecting Bahir Dar with the new Gorgora Eco Lodge. With a capacity of more than 180 passengers, the ferry makes the lodge more accessible and strengthens tourism along Lake Tana. In Bahir Dar City, the Prime Minister reviewed the Bahir Dar International Stadium and other development projects aimed at boosting tourism. The stadium, with a capacity of 52,000, is undergoing upgrades to meet CAF standards. Seating installation and turf work are complete, and internal systems such as lighting are advancing. He also visited the Fellege Ghion Resort under construction along the shores of Bahir Dar, which is expected to expand tourism and create jobs. Additionally, an Ethio Ferries branch office is under construction near Lake Tana, supporting the city’s modernization and regional connectivity. In Kemise Town, the Prime Minister highlighted early corridor development efforts, including a 1.3 kilometer bicycle lane and pedestrian path, as evidence of nationwide progress in improving public spaces. He also inspected the Elfora Agro Industries integrated plant, emphasizing its contribution to the national Bounty of the Basket initiative and to Ethiopia’s agricultural and agro industrial growth. 𝗘𝘁𝗵𝗶𝗼𝗽𝗶𝗮’𝘀 𝗣𝗿𝗼𝗴𝗿𝗲𝘀𝘀 𝗶𝗻 𝗔𝗿𝘁𝗶𝗳𝗶𝗰𝗶𝗮𝗹 𝗜𝗻𝘁𝗲𝗹𝗹𝗶𝗴𝗲𝗻𝗰𝗲 Following the relocation of the Artificial Intelligence Institute to the renovated Ethiopian Broadcasting Corporation compound, the Prime Minister visited the facility and noted its transformation into an efficient and innovation friendly environment. He highlighted the Institute’s rapid development over five years and its role in advancing AI solutions in health, agriculture, and services, while expanding national capacity in cloud computing, data centers, data mining, robotics, and immersive technologies. He also emphasized the importance of the new AI Startup Center, which supports innovators from idea to investment. More than 200 innovators have already benefited, reflecting Ethiopia’s growing AI driven entrepreneurial momentum. It is also in this month that the Council of Ministers extensively discussed the Digital Ethiopia 2030 Strategy during its 50th regular session, and unanimously decided that the strategy shall be implemented starting from the date it is approved by the Council. 𝗣𝗮𝗿𝘁𝗶𝗰𝗶𝗽𝗮𝘁𝗶𝗼𝗻 𝗶𝗻 𝘁𝗵𝗲 𝗚𝟮𝟬 𝗟𝗲𝗮𝗱𝗲𝗿𝘀’ 𝗦𝘂𝗺𝗺𝗶𝘁 At the G20 Summit, Prime Minister Abiy Ahmed advanced Ethiopia’s interests through extensive bilateral and multilateral engagements. Ahead of the summit, he met with President Cyril Ramaphosa to discuss the importance of a unified African voice. During the summit, he held constructive discussions with IMF Managing Director Kristalina Georgieva on global trends, Ethiopia’s reforms, and cooperation for sustainable growth. He also met with the President of the African Development Bank, Dr. Sidi Ould Tah, to discuss inclusive development across the continent. The Prime Minister held bilateral meetings with leaders from several countries, including the Crown Prince of Abu Dhabi, the Presidents of Türkiye, Finland, and France, and the Chancellor of Germany. He also held talks with the leaders of Norway, India, Vietnam, South Korea, and Australia, as well as with Indonesia’s Vice President, the UK Prime Minister, the Presidents of Brazil and the Netherlands, and the Prime Minister of Italy. Discussions focused on cooperation in climate action, agriculture, trade, food sovereignty, economic development, and sustainable infrastructure. He also met with United Nations Secretary General António Guterres to discuss multilateral cooperation, including climate action, peace and security, sustainable development, and Ethiopia’s role as host of COP32 in 2027. A meeting with António Costa, President of the European Council, reaffirmed Ethiopia’s commitment to deepening Ethio EU cooperation. The Prime Minister also discussed African football development with CAF President Dr. Patrice Motsepe and development financing with World Bank President Ajay Banga. 𝗗𝗶𝗽𝗹𝗼𝗺𝗮𝘁𝗶𝗰 𝗘𝗻𝗴𝗮𝗴𝗲𝗺𝗲𝗻𝘁𝘀 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝗟𝗲𝗮𝗱𝗲𝗿𝘀 𝗼𝗳 𝗠𝗮𝗹𝗮𝘆𝘀𝗶𝗮 𝗮𝗻𝗱 𝗦𝗶𝗻𝗴𝗮𝗽𝗼𝗿𝗲 In November, the Prime Minister hosted Singapore’s Prime Minister Lawrence Wong and Malaysia’s Prime Minister Dato Seri Anwar Ibrahim at the National Palace. Both visits included tree planting ceremonies, tours of the Palace Museum, and bilateral discussions. Singapore and Ethiopia signed agreements on skills development and carbon credits, while Malaysia and Ethiopia signed cooperation documents covering tourism, health, air services, and city partnerships. These visits underscored growing ties and expanded collaboration with Southeast Asia. 𝗘𝘁𝗵𝗶𝗼𝗽𝗶𝗮’𝘀 𝗦𝗲𝗹𝗲𝗰𝘁𝗶𝗼𝗻 𝘁𝗼 𝗛𝗼𝘀𝘁 𝗖𝗢𝗣 𝟯𝟮 Following the designation of Foreign Minister Dr. Gedion Timothewos as COP32 President Designate, the National Steering Committee convened with the Prime Minister to align on key preparatory steps. The meeting reaffirmed the Government’s commitment to an inclusive, transparent, and well-coordinated COP32 planning process. Throughout November 2025, Prime Minister Abiy Ahmed demonstrated results-driven leadership by advancing national priorities in irrigation, tourism, artificial intelligence, and global diplomacy. At the end of the month, he also hosted General Dagvin R. M. Anderson of U.S. Africa Command for discussions and exchanges on regional security.
Ethiopia’s Central Bank Engages Exporters in High-Level Consultation to Boost Forex Repatriation
Dec 1, 2025 611
December 1, 2025 (ENA)—The National Bank of Ethiopia (NBE) convened a high-level consultation with leading exporters in the coffee, sesame, and pulses sectors, aiming to address ongoing gaps in foreign currency repatriation. Chaired by Governor Eyob Tekalign, the session reaffirmed the Bank’s mandate to safeguard Ethiopia’s foreign exchange earnings and ensure that export proceeds are returned promptly and transparently. The Governor stressed that NBE prioritizes constructive engagement over enforcement, emphasizing partnership with the private sector to resolve bottlenecks, improve compliance, and protect national economic interests. In its official statement, NBE reiterated its commitment to strengthening accountability, promoting responsible export practices, and reinforcing the integrity of Ethiopia’s foreign exchange management system.
Ethiopia, Netherlands to Deepen Partnership in Sustainable Dev’t
Nov 30, 2025 937
Addis Ababa, November 30, 2025 (ENA) — Ethiopia and the Netherlands are set to celebrate a century of trade relations in 2026, cemented by a renewed focus on boosting Ethiopia's agricultural sector and promoting sustainable development. Paula Schindeler, the Deputy Head of Mission at the Netherlands Embassy, announced the milestone and detailed the future of the partnership. Speaking to the Ethiopian News Agency (ENA), Schindeler highlighted both the historical roots and future potential of the collaboration. "In April 2026, we will mark 100 years since our first trade connection in 1926. This reflects a long tradition of collaboration between the Netherlands and Ethiopia, particularly in trade and shared opportunities," she said. The current partnership model is designed to integrate development goals with private investment for mutual benefit. Schindeler explained, "We combine development projects with private business funding to ensure positive outcomes for everyone involved." A key focus is strengthening the entire agricultural value chain to support Ethiopian farmers. "We aim to increase farmers’ production and help them access larger markets," she emphasized, noting the importance of improving productivity and market reach. Dutch businesses are showing strong interest and confidence in high-growth Ethiopian sectors, including agriculture, horticulture, and floriculture. The flower industry, in particular, offers significant export potential under this partnership. Recent trade events have seen participation from approximately 100 Dutch companies, underscoring their belief in the Ethiopian market. Schindeler stressed that the Dutch approach is rooted in long-term commitment. "Our goal is to build enduring partnerships rather than pursue short-term gains," she stated. She concluded that Dutch companies are committed to sustained engagement, working closely with the local private sector to strengthen value chains, particularly in horticulture. "This demonstrates that Dutch businesses recognize Ethiopia’s enormous potential and are here to stay."
Maintaining Product Quality Vital to Build Ethiopia’s Development on Solid Foundation: President Taye
Nov 30, 2025 2543
Addis Ababa, November 30, 2025 (ENA) —President Taye Atseke Slassie emphasized the importance of prioritizing quality production as a cornerstone for Ethiopia’s sustainable growth. The statement was made during the 12th National Ethiopian Quality Award Ceremony, held yesterday at the National Palace, attended by Minister of Industry Melaku Alebel, State Minister of Trade and Regional Cooperation Endalew Mekonnen, senior government officials, and invited guests. Speaking at the ceremony, President Taye clarified the government’s ongoing efforts to ensure quality across all sectors. He emphasized that Ethiopia is striving to become a global competitor by establishing a leading quality center in Africa, a step aimed at building a strong foundation for quality production nationwide. Quality is no longer a luxury, the president stated, adding that it is a key factor for standing out, gaining recognition, and achieving growth in today’s competitive world. According to the president, the awards recognized not only excellence in products and services but also leadership practices, customer service, and human resource management within organizations. The awards also honored organizations for generating employment opportunities, contributing to the country’s legacy, and satisfying consumer needs, he said. Samuel Kifle, Acting President of Addis Ababa University and Board Chairman of the Ethiopian Quality Award Organization, said that maintaining competitiveness and sustainability across all institutions is essential for Ethiopia’s growth and development. “Competitive organizations are crucial for achieving a higher standard of living and prosperity,” he added. Having expressed gratitude to the organizations and professionals who participated in the quality competition, CEO of the Ethiopian Quality Award Organization Tewodros Mebrat noted that efforts are underway to enhance the international competitiveness of Ethiopian products by fostering a culture of quality. The winners of the first-class excellence award included Safaricom Ethiopia Telecommunication PLC, Horizon Addis Goma Private Limited, Ethiopian Airlines, and Heineken Brewery. Horizon Addis Goma Private Limited, which has won the award for three consecutive years, received a special trophy from the President.
Dismantling Physical, Systemic Barriers Key to Sustainable Development: PM Abiy
Nov 30, 2025 1527
Prime Minister Abiy Ahmed has stressed that a nation cannot achieve sustainable development unless it dismantles the physical, institutional, systemic and cultural barriers that hinder progress. He delivered these remarks at the closing of the Prosperity Party’s senior leadership training. The Prime Minister noted that Addis Ababa demonstrates what becomes possible when such barriers are removed, creating an environment where “anyone with knowledge and capital who wishes to invest can do so.” He cautioned that regional states must also dismantle these obstacles and attract skilled professionals and financially capable investors if they are to match the level of growth observed in the capital. Turning to energy development, Abiy stated that Ethiopia has so far tapped only a fraction of its natural capacity, emphasizing that large-scale energy production is essential for advancing industry, agriculture, urbanization, and technology. He highlighted that four of Africa’s fifteen largest dams are located in Ethiopia: Tekeze (11th), Gibe (7th), Koisha (2nd), and the Grand Ethiopian Renaissance Dam (GERD), which ranks first. The premier further explained that while the achievement is promising, it remains far below Ethiopia’s potential, underscoring the need for greater effort to reach the country’s full production capacity. Reflecting on national resilience, the Prime Minister underscored that Abay represents history, while “Nigat Lake” symbolizes the results achieved in the process of making history. Repeating achievements like Nigat, which is one of the largest man-made lakes in Africa, created after the construction of GERD, he said, will help Ethiopia build and pass on a lasting civilization. PM Abiy further stated that Medemer plays a central role in strengthening the country’s foundations and securing its future, describing the concept as “the seed of our civilization”, a guiding principle that enables the nation to learn from its past, correct its shortcomings, and prepare for the future.
UNESCO Spearheads Drive to Promote Ethiopia's Tourism, Heritages
Nov 29, 2025 1159
Addis Ababa, November 29, 2025 (ENA) — UNESCO Representative to Ethiopia, Rita Bissoonauth, has emphasized the critical role of diplomatic engagement in promoting Ethiopia's tourism and vast cultural wealth. After visiting the ancient walled city of Harar Jugol along with more than 35 members of the diplomatic community residing in Addis Ababa, Bissoonauth said the fundamental purpose of the visit is to bring the diplomats to the different UNESCO sites. Ethiopia boasts an impressive record, holding the highest number of tangible UNESCO World Heritage Sites in Africa—thirteen—along with six intangible sites, she added. “When you become a UNESCO World Heritage Site, it is a universal value. That means that you don't have it anywhere in the world. It is the most beautiful. So, we need to showcase”. The UNESCO Representative underscored the significance of this status, stating that when a site achieves World Heritage designation, it possesses a universal value, meaning it is unique and unparalleled globally, and must therefore be showcased and protected. The diplomatic tour serves as both touristic promotion and affirmation that the sites are safe and worthy of international attention. The last such trip was to the Bale National Park. Bissoonauth noted the direct link between heritage preservation, tourism, and local prosperity through job creation, emphasizing that the presence of the diplomatic community demonstrates that the locations are safe to visit, thereby enhancing tourism. According to her, the UNESCO strategy is to leverage the sites’ global prestige to deliver tangible economic benefits right down to the community level, ensuring that the preservation of world heritage actively supports those who live within it.
Ethiopia Central to Africa’s Transformation, Says East Africa Law Society CEO
Nov 29, 2025 852
Addis Ababa, November 29, 2025 (ENA) — Ethiopia is central to the transformation of the continent as the completion of GERD gives African countries extra motivation that demonstrates a spirit of possibility by showcasing national unity and self-reliance, East Africa Law Society CEO David Sigano said. In an exclusive interview with ENA, East Africa Law Society CEO David Sigano said Ethiopia, in addition to its very important role in the history of Africa, is still central to where Africa is going. Ethiopia has had a very important role in the history of Africa already, he noted, adding that Africans feel that Ethiopia has a very significant role in the future, just like it played a very important role in the past. Stating that the whole continent is undergoing economic, social and political transformation, the CEO said that a lot of it is driven from the seat of the continent, which is Addis Ababa. So, Ethiopia is essentially a key core in where the African Union is going and where African countries are going. “We are very impressed with the transformation that has undergone. I was in Ethiopia a few years ago, but coming back again I can see huge, maybe a massive transformation.” According to Sigano, Ethiopia, a country with very rich history and culture, will influence the development of the continent. The CEO also commended Ethiopia for the role it has played in the Pan-African movement and in ensuring that the continent gets its independence and grows. On the completion of Ethiopia’s historic Grand Ethiopian Renaissance Dam, he said “I am very proud of Ethiopia for building the Grand Renaissance Dam. We are proud of the fact that Ethiopia developed that dam using its own resources.” Many projects in the continent are developed or done through borrowing and through international cooperation, Sigano noted, pointing out that a self-financed project of such magnitude as GERD shows that it is possible for the African continent to do same. He stressed that it is possible for other countries in the continent to copy Ethiopia and implement mega projects without needing a lot of external assistance. “So, the fact that Ethiopia was able to complete this is something that gives us motivation that it is possible. That is part of the transformation that the continent is looking for, even in terms of clean energy.” Africa has been striving to industrialize, and energy is the biggest catalyst for that industrialization, the CEO noted. GERD, the largest hydroelectric power plant in Africa is expected to facilitate regional energy integration through power exports and promote stability, cooperation, and shared prosperity. The hydroelectric power plant is widely celebrated as a potential "game-changer" for the continent's energy and development landscape.
High-level Familiarization Trips Aim at Engaging Diplomatic Community, Says Tourism Minister
Nov 29, 2025 1158
Addis Ababa, November 29, 2025 (ENA) — The high-level familiarization trips geared towards showcasing Harar’s rich cultural and natural assets with focus on the UNESCO World Heritage site of Harar Jugol are aimed at engaging the diplomatic community residing in Addis Ababa, Tourism Minister Selamawit Kassa said. The initiative is organized by Ministry of Tourism, in collaboration with UNESCO, it was learned. The trips are designed to give ambassadors and international organization leaders a direct sense of Ethiopia and encourage their support in promotion and image building. The current focus on Harar Jugol, the ancient walled city, is intended to highlight Ethiopia’s commitment to preserving its historical heritage in accordance with global standards. “We want them to see how elevated everything is; how it's now more accessible for tourists; how it is well preserved; and how everything has been done according to the international standard,” the Minister said. According to her, the recent corridor development project aligns with the conservation of the UNESCO site, demonstrating the nation’s effort to make its historical and cultural treasures more accessible while ensuring protection. Beyond Harar, the ministry is actively promoting the country’s diverse offerings. Just a few months ago, a group of foreign dignitaries was taken to Bale National Park, a site celebrated for its natural beauty and wildlife conservation. Selamawit stressed that Ethiopia's strategy sets a precedent for African nations by unleashing its tourism resources, given its status as having the highest number of UNESCO registered heritages. “So, finding all these three in one country is a very unique gift. That's what we want to show to the world,” she stressed, signaling a robust and diversified strategy to make Ethiopia a global tourism powerhouse.
Ethiopia, Germany Conclude High-level Negotiations in Berlin, Sign Agreement
Nov 28, 2025 1294
Addis Ababa, November 28, 2025 (ENA) —Ethiopia and Germany have successfully concluded high-level negotiations on bilateral development cooperation in Berlin, with the signing of an agreement between Reem Alabali Radovan, Federal Minister for Economic Cooperation and Development (BMZ), and Ethiopia's Finance State Minister Semereta Sewasew. The signing of the agreement, in the presence of KfW Development Bank leadership, confirms Germany’s continued support for Ethiopia’s reform and development agenda, according to a press release of Ministry of Finance. The negotiations between the two sides highlighted the importance of private sector engagement for Ethiopia’s economic transformation, it added. German companies have expressed strong interest in participating in strategic infrastructure projects, including the Bishoftu Airport. Furthermore, both sides emphasized the significance of Ethiopia’s ongoing tax, customs, and financial sector reforms in creating a conducive business environment and promoting inclusive growth.
Ethio Telecom Continues Leading Role in Nation's Green Economy Drive - CEO
Nov 28, 2025 965
Addis Ababa, November 28, 2025 (ENA) — Ethio telecom Chief Executive Officer (CEO) Frehiwot Tamru said the company will intensify efforts to expand EV charging stations nationwide as part of Ethiopia's green economy initiative. Ethio Telecom today inaugurated its third super-fast electric vehicle charging station in Addis Ababa. The facility features 16 super-fast chargers with up to 180KWH capacity each, accommodating 16 vehicles simultaneously. Speaking at the event, CEO Frehiwot Tamru said the expansion demonstrates the company's commitment to Ethiopia's green legacy and supporting the growing electric vehicle ecosystem. "As our country Ethiopia accelerates its transition toward a green economy and sustainable mobility, Ethio telecom continues to play its leading role by deploying reliable, efficient, and future-ready infrastructure," she said. The CEO added that the station represents the company's continued effort to transform Ethiopia's transportation through digital solutions and innovation. The new AI-powered station uses cutting-edge technology with chargers that automatically diagnose and adapt to vehicle specifications. It specifically supports European EV models, addressing a critical market gap. The company previously built charging stations serving up to 32 vehicles at once along the Bole-Megenagna corridor. Since launching on 11 February 2025, these have served over 165,000 electric vehicles, dispensing 4,349,761.54 kilowatt-hours. "This initiative has successfully prevented the emission of 6,081,447.62 kilograms of carbon dioxide into the atmosphere - an environmental contribution equivalent to planting more than 30,444 trees," she added. The company's combined capacity now reaches 48 vehicles across three stations.
Ethiopia, African Development Bank Deepen Strategic Cooperation at African Finance Forum
Nov 27, 2025 1128
Addis Ababa, November 27, 2025 (ENA) — Ethiopia and the African Development Bank (AfDB) have reaffirmed their long-standing partnership, following a high-level meeting on the sidelines of the African Finance Forum underway in Rabat, Morocco. Finance Minister Ahmed Shide and African Development Bank President Sidi Ould Tah have held meeting on the sidelines of the African Finance Forum in Rabat, Morocco. According to a press release of the Ministry of Finance, the discussion reaffirmed the strong and long-standing partnership between Ethiopia and the Bank, with both sides expressing commitment to deepening collaboration across key national priorities. The meeting focused on three strategic areas of cooperation: Enhanced support for Ethiopia’s preparations for hosting COP32, strengthened budget support operations, and the expansion of coordinated investment in high-impact development programs, including the financing of the new Bishoftu International Airport. The President of the African Development Bank commended Ethiopia’s progress in advancing reforms and reiterated the Bank’s readiness to scale its engagement, particularly in areas that unlock private investment, strengthen macroeconomic stability, and accelerate regional integration. Both sides have agreed to intensify technical and policy dialogue with a focus on advancing regional infrastructure programs and strengthening Ethiopia’s reform agenda through coordinated financing and advisory support. The meeting concluded with a shared commitment to pursuing a forward-looking partnership that accelerates sustainable development, regional connectivity, and private-sector-led growth.
EQA among Key Catalysts for Realizing Ethiopia's Economic Transformation, Says CEO
Nov 27, 2025 1692
Addis Ababa, November 27, 2025 (ENA) —The Ethiopian Quality Award Organization has announced that the 12th Ethiopian Quality Award (EQA) ceremony will take place on November 29, 2025 with the aim to recognize organizations for their excellence in quality. The annual quality award is considered a key initiative for realizing Ethiopia's economic transformation by promoting a national culture of quality and excellence. Sectors that participate in the EQA include manufacturing, service provider, public institutions, higher education, construction and Non-governmental Organizations (NGOs). Briefing the media today, Ethiopian Quality Award Organization CEO, Tewodros Mebratu, said the Ethiopian Quality Award was established with the goal to boost quality and competitiveness at the national level. A wide range of organizations can participate in the Ethiopian Quality Award (EQA) as the competition is open to entities across various sectors, including both private and public institutions. In the 12th round of the EQA, 65 organizations (institutions) registered and 63 organizations and institutions made it to the final of the competition. For the CEO, the quality award is a key initiative for ensuring quality across sectors, a catalyst for realizing Ethiopia's economic transformation through fulfilling the standards required in quality and competitiveness. Since its commencement, the Ethiopian Quality Award has been instrumental in nurturing a national culture of quality and increasing the competitiveness of Ethiopian companies on the global stage, he elaborated. According to him, recognizing organizations that give prior attention to implement quality systems on their products and services is pivotal to boost quality and competitiveness, develop the culture of quality and excellence. Furthermore, developing the culture of quality and excellence in turn will be critical for the overall transformation of the country. The quality award aims to enhance the country's global competitiveness by establishing a national benchmark for quality, fostering a culture of continuous improvement, and encouraging organizations to adopt world-class quality standards. Promoting quality awareness, driving business improvement, enhancing competitiveness, fostering continuous learning, and recognizing excellence were also stated among the major objectives of targets of the quality award. The EQA has been pivotal in driving quality improvements across Ethiopia's business landscape over the years with a goal of creating a national quality brand as the awards are presented annually based on the EQA Excellence Model, it was learned.
Ethiopia's Flagship Bishoftu Int'l Airport Project Draws Strong Interest from Global Financers, Investors
Nov 27, 2025 2165
Addis Ababa, November 27, 2025 (ENA) —Ethiopia has presented the flagship Bishoftu International Airport (BIA) project to global financiers and investors at the Africa Investment Forum held in Rabat, Morocco, drawing strong interest from global financiers and investors, according to a press release sent to ENA today. The presentation drew strong interest development financial institutions, commercial banks, export-credit agencies, and institutional investors from Africa, Europe, North America, Asia, and Middle East, reaffirming BIA’s potential to become a major aviation hub for the continent and the world, the release of Ministry of Finance added. BIA is a new mega-project led by Ethiopian Airlines Group (EAG), in collaboration with the African Development Bank (AfDB), alongside technical and financial advisors situated near Abusera, about 40 km south of Addis Ababa. The project aims to handle 60 million passengers annually in Phase I, with an estimated 12.5 billion USD. It has the capacity of expanding to 110 million passengers per year; and to become the largest airport in Africa upon full development-positioning. During the showcase, the investors have expressed robust interest, reflecting growing confidence in Africa’s infrastructure pipeline and the strategic role BIA will play in trade, travel, and regional integration, it was learned. Representatives from multilateral institutions, export-credit agencies, and engineering firms reviewed the Project Information Memorandum, financial model, and risk-allocation structure is an important step as the project transitions from design to procurement and implementation, it was learned. BIA is expected to be a catalyst for economic development, tourism, trade, and regional connectivity. It aligns with Africa’s broader goals of strengthening intra-continental mobility and integration, the press released further stated. The new airport will also alleviate congestion at Bole International Airport, enabling Ethiopia and the continent to expand global connectivity. The surrounding airport city is also projected to generate thousands of jobs during construction and operation, attracting investment in logistics, hospitality, and commercial services as well as rail and expressway links to Addis Ababa. Showcasing the project at the Africa Investment Forum represents a pivotal moment, providing lenders and investors with a detailed overview of BIA’s financial, technical, and strategic framework. Ethiopian Airlines Group officially shared the Project Information Memorandum and financial model with potential financiers. On the occasion, Ethiopia’s Minister of Finance, Ahmed Shide, highlighted the significance of the project as a historic advancement in Africa’s aviation sector, with advanced technology, sustainable design, and unmatched connectivity, adding that “it will establish Ethiopia as the continent’s aviation capital and a key gateway to the world.” Ethiopian Airlines and its partners are inviting financiers, institutional investors, commercial lenders, and export-credit agencies to review the investment package and join one of Africa’s most ambitious infrastructure ventures which poised to deliver transformative economic impact.
Ethiopia Invites German Investors to Explore Diverse Opportunities
Nov 27, 2025 805
Addis Ababa, November 26, 2025 (ENA) — State Minister of Finance, Semereta Sewasew, invited German investors to explore the abundant opportunities within Ethiopia's dynamic, reforming economy. Speaking at the 2025 Ethiopia–Germany Business Forum in Berlin, Semereta highlighted Ethiopia’s ambitious six-year Homegrown Economic Reform Agenda, which is actively focused on stabilizing the macroeconomic environment, modernizing the economy, and strengthening the private sector's role. State Minister Semereta emphasized Ethiopia’s commitment to creating a predictable and enabling investment environment by restructuring state-owned enterprises, liberalizing key sectors such as telecom, energy, air transport, banking, and logistics, and advancing regulatory reforms to strengthen contract enforcement and intellectual property protection. The high-level Forum, organized by the Government of Germany in collaboration with Afrika-Verein and DIHK, brought together senior policymakers and key business leaders. The event served to reaffirm the long-standing partnership between the two nations, emphasizing shared priorities for industrial cooperation and sustainable economic growth. State Minister Semereta was joined by a high-level Ethiopian delegation, including State Ministers from Agriculture, Industry, and Justice, who engaged with German counterparts to discuss specific opportunities and the evolving regulatory framework. She highlighted progress in key areas, including stabilizing inflation, strengthening foreign reserves, and boosting investor confidence. Institutional modernization was also a key point, with the State Minister noting the establishment of the Ethiopian Securities Exchange and the expansion of digital public services like e-tax systems and online business registration. State Minister Semereta reaffirmed Ethiopia’s openness to investment and collaboration, inviting German companies to be active participants in the country’s ongoing economic transformation. She also extended an invitation to the Invest in Ethiopia High-Level Business Forum 2026 for investors seeking to establish further partnerships. The Forum provided a platform for direct business-to-business engagement, with German business leaders expressing optimism about the investment climate and pointing to opportunities in renewable energy, manufacturing, digital innovation, pharmaceuticals, and agro-processing. Niels Annen, State Secretary of the German Federal Ministry for Economic Cooperation and Development, underscored Germany’s interest in deepening technological cooperation, recognizing Ethiopia’s reform trajectory and its potential as a gateway to regional African markets.
Ethiopian Building Pan-African Aviation Powerhouse, Says Transport, Logistics State Minister
Nov 26, 2025 929
Addis Ababa, November 25, 2025 (ENA) — The Ethiopian Airlines Group is building a pan-African aviation industry that drives the continent's growth, Transport and Logistics State Minister Dhenge Boru said. Speaking at the opening of the 5th General Assembly of Association of African Aviation Training Organizations (AATO) today, the State Minister said Ethiopian Airlines is a pan-African institution that continues to shape the trajectory of the aviation industry across the continent through disciplined investment, long-term planning and professional excellence. He highlighted the launching of the construction of the new Bishoftu International Airport, with an investment of more than 12 billion USD, as part of the country's strategic leadership plan in the development of the aviation sector in the continent. The State Minister emphasized that aviation remains a vital economic engine for Africa by connecting nations, enabling trade, facilitates tourism, and ensuring the timely delivery of life-saving supplies. The International Civil Aviation Organization (ICAO) has indicated a potential need for over 2 million new aviation professionals globally by 2030, it was learned. Africa’s aviation growth, driven by frameworks such as the African Continental Free Trade Area (AfCFTA) and the Single African Air Transport Market (SAATM), is expected to generate substantial new opportunities for employment, training, and investment. According to Dhenge, the Ethiopian Airlines Group's Vision 2035 targets to reach more than 67 million passengers and 3.73 million tons of cargo by 2035 through increased capacity and upgrading airports and aviation facilities, cargo terminals, streamlining airport services and the flow of passengers, and expanding the network of Ethiopian airports to ensure greater aviation capacity and connectivity throughout Ethiopia and the broader African continent. Association of African Aviation Training Organizations (ATTO) President Tendani Ndou said Africa’s aviation training organizations have developed digitalization and modernization roadmaps that are enhancing the type of infrastructure to train aviation personals. Building skilled and strong human capital development is crucial for resilient aviation and sustainable air transport growth which is difficult without modernizing the aviation sector from paperless to automated as the global aviation is changing rapidly, she added. She praised the Ethiopian Aviation University and the Civil Aviation Authority for their “dedicated effort, time, and resources” in elevating ATTO’s work on the continent. Ethiopian Aviation University President, Leake Tadesse, said on his part that Africa will rank among the world’s fastest-growing air travel regions by 2035 and this growth is driven by rising population, increasing urbanization and expanding economic activities. “Africa must (therefore) invest aggressively in building a highly skilled aviation workforce to unlock its full potential,” he added. Recognizing the continent-wide shortage of skilled aviation workers, more than 25,000 aviation professionals were trained and over 280,000 personnel kept up to date through recurrent training programs, the President revealed. Ethiopian Aviation University now provides training in over 50 African countries, offering specialized programs across multiple aviation disciplines, it was learned.
Ethiopia's Special Economic Zones Attract High-Quality Foreign Investment
Nov 26, 2025 2215
Addis Ababa, November 26, 2025 (ENA) — Ethiopia’s Special Economic Zones (SEZs) have emerged as leading destinations for capable and high-quality foreign investors, according to State Minister of Industry Tarekegn Bululta. He noted that the country’s homegrown macroeconomic reform program has revitalized commerce and investment, creating conditions that are drawing both domestic and international investors to opportunities within the SEZs. Industrial production remains one of Ethiopia’s primary pillars of growth, alongside agriculture, mining, digital technology, and tourism, he said, adding that the government’s strong focus on developing SEZs is enabling the sector to play a constructive role in national development. According to the State Minister, rising industrial productivity and the expansion of integrated agro-industrial parks are driving significant progress in import substitution, job creation, and export competitiveness. Currently, Ethiopia hosts thirteen government-managed SEZs and seven operated by private developers. Tarekegn said these zones are making a positive contribution to sectoral output, particularly in processing agricultural products. According to him, improvements in power-supply infrastructure are ensuring that SEZ developers can operate at full capacity while maintaining high product quality. As an example, he highlighted the Japanese solar manufacturer TO Solar, based in the Hawassa Special Economic Zone, which is helping position Ethiopia as an emerging player in the global renewable energy market. The state minister reaffirmed that the government will intensify efforts to attract high-caliber developers through Foreign Direct Investment (FDI) and provide them with strong support. At the same time, a new operational framework is being rolled out to boost local investor participation in industrial parks, strengthening the sector’s ongoing transformation. This investor-friendly approach, he noted, is already resulting in a substantial increase in domestic engagement across the parks. Tarekegn concluded that the revival of the industrial sector, particularly agro-processing, is significantly reinforcing import substitution and export competitiveness, while helping cultivate a stronger culture of consuming locally-produced goods.
Horti-LIFE Promotes Significantly Smallholder Horticulture: Ministry of Agriculture
Nov 26, 2025 769
Addis Ababa, November 25, 2025 (ENA) — The Farmer Field Schools (FFS) has significantly raised yields by 34 percent and family earnings by 43 percent since the launching of the program in 2016 in three phases, according to Professor Ali Mohammed, Advisor to the State Minister of Agriculture. A two-day Horticultural Livelihood, Innovation and Food Safety in Ethiopia (Horti-LIFE) Learning Event is underway in Addis Ababa. Opening the event today, Professor Ali said horticultural projects have assisted more than 31,000 farmers in 200 areas across the country through the FFS program under Horti-LIFE. "We have accordingly improved the farming of fruits and vegetables, which helps our exports and supports food businesses," he added. According to him, FFS has changed thinking, especially for women and young people, transforming small-scale farming. Deputy Head of Mission at the Netherlands Embassy in Ethiopia, Paula Schindeler, praised the success of the Horti-LIFE III after just one year by undertaking over 2,200 FFSs and exceeding their goals by 186 percent, helping 70,000 small farmers directly. According to her, they have produced 1.5 million fruit plants on orchards over 2,000 hectares. “The creation of over 1,200 jobs, mainly for women and young people, shows the social strength of horticulture,” Schindeler noted. Stating that the project works on building national systems for planting certification and horticultural standards as well as ensuring sustainability, she said Dutch partnerships focus on helping the private sector grow by linking experts and businesses with Ethiopian farmers. She also revealed that many Farmer Field Schools are run by women, and new businesses by youth are developing, encouraging inclusive growth. Julie Graham, Director of SNV Ethiopia on her part recalled that SNV has been working for more than 50 years in Ethiopia alongside the government and businesses to create programs that enhance people's lives and support solutions. These cooperations reflect families earning more and local governments driving change, she added. Graham emphasized the need to maintain partnerships, expand successes, and empower young people for the future of modern horticulture. According to the organizers, the program that spans seven regional states has reached over 200,000 farmers and supported numerous agri-businesses.
Ethiopia Attracts 4 Billion USD in FDI Investment, Sees 61 percent Surge in Investor Licenses
Nov 26, 2025 790
Addis Ababa, November 26, 2025 (ENA) — Ethiopia’s Deputy Commissioner of the Investment Commission, Dagato Kumbe, announced that the country granted investment licenses to 525 foreign investors in the 2017 Ethiopian fiscal year alone, representing a total capital of 4 billion USD. The Deputy Commissioner highlighted the clear surge in interest, stating, “The interest of foreign investors to make direct foreign investment in Ethiopia has been increasing recently.” Dagato pointed to the year-over-year growth to underscore this trend. "In the 2016 Ethiopian fiscal year, 326 investors came to Ethiopia. However, in 2017 (Ethiopian fiscal year), some 525 investors took licenses to invest in Ethiopia, marking a significant increase." The rise in FDI flow is attributed primarily to the country’s Homegrown Economic Reform agenda. Dagato explained that the reform is designed to boost FDI and sustain economic growth, driven by a two-pronged approach. First, he noted the commission’s efforts to proactively market the country. “Promotional work is being done to ensure that investment options in Ethiopia are properly identified and known. Targeted promotion is being carried out.” Second, he detailed the comprehensive nature of the reform. “Various macroeconomic reforms have been undertaken. For instance, various sectors have been liberalized. New sectors, including financial institutions, have been opened for foreign investors to enter and participate.” Dagato also affirmed that procedural and legal gaps that were not conducive to investment have been identified through studies and subsequently revised. These steps, coupled with shifting the foreign exchange management system toward a more market-oriented structure, have created a favorable environment for investment and trade, stimulating private sector participation. The positive outcome of the reform echoes a recent statement by Fitsum Assefa, the Minister of Planning and Development, who noted that, despite challenges, the Ethiopian economy has managed to achieve significant growth under the implemented Homegrown Economic Reform.
Strategic Focus on Coffee Productivity Driving Tangible Export Growth
Nov 26, 2025 535
Addis Ababa, November 26, 2025 (ENA) — Leading coffee exporters report that the government’s renewed focus on productivity and recent policy reforms are generating concrete improvements in the sector's export revenue. The remarks were made during a ceremony hosted by the Ethiopian Coffee and Tea Authority to honor stakeholders who played a pivotal role in achieving the sector's performance goals for the 2017 Ethiopian fiscal year. Speaking at the event, CEO Abdella of SA Bagresh Coffee Exporters highlighted the significant revitalization of the trade following national reforms. Abdella, whose company was recognized for its substantial contribution to export volume and revenue, emphasized that the government’s corrective measures are paying off. He specifically noted that policy adjustments introduced by the National Bank have boosted the sector's performance. Abdella also credited the Coffee and Tea Authority's consistent monitoring and support as key factors enabling exporters to deliver high-quality Ethiopian coffee to the global market. "Following the national reforms, we have seen a significant revitalization in the coffee sector. The policy adjustments made by the National Bank, in particular, have notably boosted our performance. Furthermore, the consistent monitoring and support from the Coffee and Tea Authority have been instrumental in allowing us to supply high-quality Ethiopian coffee to the global market, resulting in higher volumes and revenue." MIDROC Investment Group’s Agriculture Deputy CEO, Feleke Tadese , described the recognition as a strong motivator for further excellence. He pointed out that the government's initiatives to rejuvenate aging coffee trees and plant new saplings are already yielding effective results. Feleke further observed that the country's recent macroeconomic reforms have been instrumental in encouraging more businesses to pivot toward the export market. The positive impact of value addition was also a central theme. "This recognition serves as a powerful motivator for us to achieve even greater results. The government’s work to ensure productivity—specifically the initiative involving stumping old coffee trees for rejuvenation and planting new saplings—is yielding tangible fruit. Additionally, the recent macroeconomic reforms have played a major role in encouraging more businesses to pivot toward the export sector." Esset Barega, Manager of Esset Coffee, attributed her company's success to government policies that incentivize processing coffee before export. She affirmed her commitment to doing her part in helping the nation achieve its future targets. "By supplying value-added coffee to the market, we have been able to register effective performance. The government’s policy reforms and incentives have contributed significantly to the growth of our business. Moving forward, we are committed to playing our part in helping the country achieve the ambitious goals set for the sector." Sharing this sentiment, Chaka Coffee Founder and Owner, Bisrat Belay, stated that the company directly benefited from the incentive packages designed for value-added exporters. "I have been a direct beneficiary of the government’s incentive packages designed for those of us adding value to our coffee before export. I am determined to use this favorable opportunity to work toward even greater success." The CEO expressed determination to leverage these favorable conditions to achieve even greater success in the industry.