Addis Ababa, January 25, 2026 (ENA) -East Africa’s economic growth is gaining momentum, driven by deeper regional integration, improving macroeconomic stability, and expanding investment in renewable energy, according to the United Nations Economic Commission for Africa (ECA). In an exclusive interview with ENA, Stephen Karingi, Director of the ECA’s Macroeconomics, Finance and Governance Division, said the sub-region is projected to grow by 5.8 percent in 2026, up from 5.4 percent in 2025, maintaining its position as Africa’s fastest-growing sub-region. By comparison, Africa’s overall economic growth is expected to rise modestly to 4.0 percent in 2026, from 3.9 percent in 2025. Karingi attributed East Africa’s accelerating growth primarily to enhanced macroeconomic stability in several large economies, alongside strong performances in Ethiopia and Kenya. He noted that these gains are being reinforced by regional integration initiatives and increased investment in renewable energy. “The East African region has actually been doing very well in terms of leading African growth,” Karingi said, emphasizing that deeper regional integration lies at the core of the region’s success. “The secret of this growth for the East African region has been deeper integration, as transboundary investments and connectivity are growing across the region,” he added. Energy cooperation has also played a crucial role, with cross-border power trading helping to sustain industrial activity. Improved air connectivity, he said, is further supporting regional trade, tourism, and labor mobility. Tourism has recorded a strong recovery over the past year and is expected to continue expanding, contributing positively to economic performance. “With improved macroeconomic stabilization, prices are more stable and currencies are strengthening. All these factors combined are driving the growth we are witnessing,” Karingi explained. He stressed the importance of sound and well-targeted policy choices, highlighting Ethiopia’s market-oriented reforms as a positive signal for investors. “The market reforms we are seeing in Ethiopia are sending exactly the kind of signals investors want to see,” he said. According to Karingi, exchange rate reforms and prudent monetary policy measures have also been instrumental in strengthening macroeconomic stability, boosting confidence among the private sector and consumers. He added that similar policy-driven growth stories are emerging across the continent, underscoring the growing importance of targeted macroeconomic and structural reforms in sustaining Africa’s economic momentum.

Addis Ababa, January 25, 2026 (ENA) -Peacebuilding and development initiatives in Ethiopia’s Amhara Region are driving a strong recovery in the tourism sector, generating more than 7.8 billion Birr in revenue during the first six months of the current Ethiopian fiscal year, according to the Amhara Culture, Tourism and Sport Bureau. The Bureau said the performance highlights tourism’s growing contribution as one of Ethiopia’s five key economic pillars, underscoring the direct link between regional stability and economic growth. Speaking to ENA, Melkamu Tsegaye, Head of the Amhara Culture, Tourism, and Sport Bureau, noted that previous instability had severely constrained tourism activities in the region. “Tourism cannot exist without peace,” he emphasized, adding that the recent improvements in security have opened the door for both domestic and international tourists to return to Amhara’s renowned attractions. He pointed out that major religious and historical public holidays have recently been celebrated without security incidents, marking a clear revival of tourism during periods that were previously stagnant. According to the Bureau, millions of tourists visited heritage and cultural sites across the region during the first half of the 2018 Ethiopian fiscal year, including 24,000 foreign visitors. The reported revenue does not include earnings from the Epiphany (Timket) celebrations, suggesting even stronger overall performance. Officials attributed the rebound to peace-centered development efforts aligned with the Medemer philosophy, which aims to address longstanding gaps in the identification, development, and effective utilization of Ethiopia’s tourism resources. While acknowledging the country’s vast untapped tourism potential, the Bureau stressed that ongoing reforms are beginning to yield tangible results. The maintenance and protection of key destinations such as Gorgora Eco Resort, Fasil Castles, and other heritage sites have played a critical role in attracting visitors. Improvements in service quality have also extended the average length of stay—from two to three days previously to around five days—boosting local economic activity. To sustain the momentum, the region has introduced a 25-year tourism development plan alongside a five-year strategic roadmap, aimed at strengthening infrastructure, enhancing service delivery, and positioning Amhara as a leading tourist destination in the Horn of Africa. Officials reaffirmed that peace remains the cornerstone of tourism growth, noting that regions maintaining stability are experiencing increased tourist arrivals and renewed economic vitality.

Addis Ababa, January 25, 2026 (ENA) -The National Bank of Ethiopia (NBE) has announced a new measure requiring banks to use indicative prices set by the Ethiopian Customs Commission for selected imported goods. The move aims at improving consistency and data integrity in import-related foreign exchange transactions, according to the press release issued by the central bank. NBE said the decision follows the implementation of the consolidated Foreign Exchange Directive No. FXD/0V2024, introduced in July 2024, which transitioned Ethiopia’s exchange rate regime to a market-clearing system. Under the reform, banks were permitted to negotiate foreign exchange buying and selling rates directly with customers, while the longstanding minimum price requirement for imports was repealed. This shift placed greater responsibility on banks to conduct proper price verification when opening Letters of Credit (LCs) and processing other import permits. However, the NBE said discrepancies have emerged during implementation. “The National Bank of Ethiopia has observed that prices used in Letters of Credit issued by most banks exhibit significant discrepancies when compared with reference prices applied by the Ethiopian Customs Commission,” the statement said. To address the gap, the central bank announced that, effective January 27, 2026, all banks will be required to apply Ethiopian Customs Commission indicative prices as reference benchmarks when opening Letters of Credit and issuing import permits through other approved modalities for selected items. According to the NBE, the measure is intended to harmonize price references across institutions, enhance the reliability of balance of payments data, and support the integrity of the foreign exchange market. “The National Bank of Ethiopia will continue to monitor implementation and take appropriate measures to support the effective functioning of the foreign exchange market in line with the ongoing reform agenda,” the statement added.

Addis Ababa, January 24, 2026 (ENA) –A high-level Ethiopian delegation has concluded its participation in the World Economic Forum (WEF) 2026 in Davos, marking a successful engagement focused on mobilizing investment, strengthening partnerships, and advancing Ethiopia’s strategic national interests through enhanced international cooperation. As part of the forum, Ethiopia’s Minister of Finance, Ahmed Shide, held discussions with Børge Brende, President of the World Economic Forum, on the margins of the annual meeting, Ethiopian News Agency learned. The talks highlighted Ethiopia’s sustained progress in implementing comprehensive economic reforms and explored avenues to further deepen collaboration between Ethiopia and the WEF. ​​​​​The discussions centered on strengthening investment dialogue, expanding development partnerships, and enhancing cooperation in priority areas including global development, technology, and innovative financing mechanisms. Both sides emphasized the importance of leveraging the WEF platform to foster meaningful partnerships that support inclusive growth and sustainable development. Minister Ahmed expressed appreciation to the World Economic Forum for providing a valuable global platform that enables Ethiopia to engage with international partners on timely and critical global issues. He underscored the importance of continued collaboration in advancing Ethiopia’s long-term development priorities. Both parties agreed to work closely to enhance investment engagement and development cooperation, reaffirming their shared commitment to building strong partnerships that support Ethiopia’s sustainable and inclusive economic growth. The Ethiopian delegation concluded its participation at WEF 2026 with a series of successful high-level engagements, reaffirming Ethiopia’s commitment to international cooperation, sustainable development, and strategic global partnerships.

Arba Minch, Ethiopia, January 24, 2026 (ENA)— Ethiopia’s strategic focus on import substitution is yielding substantial economic and industrial benefits, the Ministry of Industry announced, as the country seeks to strengthen domestic production and reduce reliance on imported goods. During a mid-year performance review for the first six months of the 2018 Ethiopian fiscal year in Arba Minch, Minister of Industry Melaku Alebel revealed that the production of locally made substitute goods saved the country 3.4 billion USD in foreign exchange. “This approach is producing diverse and tangible results,” Minister Melaku said. Noting that 96 products have been targeted for local production to expand domestic capacity, the minister noted that: “These efforts are helping to alleviate foreign currency shortages, create job opportunities, and provide citizens with affordable goods.” Ethiopia’s import substitution policy is part of a broader industrial and economic reform agenda, focusing on key sectors such as textiles, food processing, chemicals, and construction materials. The strategy aims not only to replace imported goods but also to strengthen the domestic manufacturing sector, boost investment, and enhance macroeconomic stability. Recent data from the Ministry indicate that billions of dollars’ worth of goods have been produced locally instead of imported, reducing pressure on scarce foreign currency reserves and supporting sustainable economic growth. The initiative has also contributed to job creation and expanded industrial capacity, aligning with the government’s long-term development plans. Minister Alebel emphasized that the Ministry will continue working closely with stakeholders to build on these gains and further solidify Ethiopia’s industrial base.

Addis Ababa, January 24, 2026 (ENA)— As global trade fractures and supply chains break down, Africa has no choice but to deepen economic integration and build a domestic market of its own, AfCFTA Director-General Wamkele Mene said. Speaking at the Friends of the AfCFTA Breakfast Meeting held on the margins of the World Economic Forum (WEF), Mene stressed the need for accelerating economic integration, unlock domestic capital, and negotiate more strategically with global partners. The director-general said decades of market fragmentation have constrained Africa’s economic potential despite its size and resources. Africa operates with 42 currencies and limited industrial development, contributing less than 3 precent to global trade, he said. Infrastructure financing needs are estimated at about 150 billion USD annually by the African Development Bank (AfDB), while transport, logistics, and trade finance costs remain persistently high. The movement of people across borders also remains difficult outside blocs such as ECOWAS and the East African Community, he noted. “This is not sustainable,” Mene said, noting that Africa has a population of 1.4 billion people and a combined GDP of 3.4 trillion USD in consumer and business spending. He said African leaders responded by establishing the AfCFTA, which has now been ratified by 50 countries, signaling strong political commitment to reducing intra-African trade and investment barriers. Intra-African investment currently stands at just 4 percent. According to Mene, negotiations mandated by African heads of state have been completed, and the continent is now shifting from negotiation to implementation, with a focus on lowering infrastructure, logistics, and financing costs particularly for young people and small businesses. The AfCFTA’s push comes at a time of what Mene described as an “unprecedented assault “on the multilateral trading system, marked by shrinking global markets and disrupted supply chains. “This is a compelling moment for Africa to say: global markets have dried up, supply chains are disrupted… let’s build our own domestic market,” he said, adding that while integration could take a decade or more, Africa has no alternative. By the end of the century, Africa is expected to have the world’s youngest and largest workforce, making market integration critical for job creation and economic inclusion, Mene said. On capital flows, Mene noted that while the AfCFTA promotes trade in goods and services, it does not directly regulate the movement of capital. Although governments that have ratified the agreement are obligated to facilitate capital movement, domestic regulations, exchange controls, and central bank approvals continue to limit cross-border investment. He said further engagement with African central banks is needed to align trade ambitions with financial regulations. Mene also pointed to an estimated 800 billion USD in illiquid domestic capital held by African pension funds, sovereign wealth funds, and similar institutions. In that regard, he argued that the decline in overseas development assistance should compel African governments to work more closely with the private sector to mobilize these resources. Multilateral development banks and development finance institutions, he said, have tools such as guarantees and political risk insurance that can help crowd in private capital and finance Africa’s industrial development. On critical minerals, Mene said the African Union has developed a continental strategy but implementation remains weak, with governments continuing to negotiate unilaterally with external partners. Africa’s diverse mineral endowments require tailored investment approaches, he said, but there should be common principles guiding negotiations with third parties. “We are not there yet,” Mene said, adding that he hopes the current global environment will accelerate coordinated implementation. Mene also raised concerns about Africa’s approach to trade negotiations with major partners, noting that the African Union lacks the legal authority to negotiate trade agreements as a single bloc, unlike the European Union. He cited those individual African countries being drawn into bilateral negotiations with the United States weakens the continent’s bargaining power. “That is not in Africa’s interest,” Mene said. “We have to negotiate as a collective…but as it stands, we do not yet have the legal authority to do so.”

Addis Ababa, January 23, 2026 (ENA)—Addis Ababa Mayor Adanech Abiebie has underscored the need for shaping a shared African voice for urban financing reform in the continent. Speaking at a Regional Peer Learning Action Plan progress review workshop held today, the mayor said Addis Ababa, like many cities in Africa, faces rapid population growth, increasing service demands, infrastructure pressures, and climate-related risks. According to her, meaningful urban transformation is achievable only with a solid financial framework and political commitment to reform.     Over recent years, she stated that Addis Ababa has made notable strides in enhancing urban mobilization. In this regard, the mayor outlined ongoing efforts to modernize the city’s tax administration and governance systems, including innovations in property-based taxation, licensing, revenue digitization, and improved taxpayer compliance. These initiatives have led to increased revenue, reduced financial leakages, and an enhanced capacity for priority investments. Despite existing challenges, she stressed that physical space in urban settings can be cultivated through strategic leadership, technical expertise, data-driven decision-making, and building trust between government and citizens.     This perspective aligns with findings from a recent physical space study conducted by the United Nations Economic Commission for Africa (UNECA), which provides valuable insights for African cities on expanding physical spaces through enhanced revenue mobilization and efficient expenditure. Mayor Adanech finally urged "all mayors, governors, and participants to engage openly, learn boldly from each other and use the platform to shape a shared African voice for urban financing reform, the future of African cities". United Nations Economic Commission for Africa Gender, Poverty and Social Policy Director, Zuzana Brixiova Schwidrowski presented a comprehensive summary of an ongoing project aimed at strengthening the capacity of finance ministers across six African cities to promote sustainable development.     Reflecting on the project's achievements over recent months, Schwidrowski noted the completion of financial performance assessment reports that have informed the development of best practices and a performance monitoring dashboard to facilitate efficient fiscal management. She reiterated the importance of municipal guidance as a vital component of national finance, especially in light of current fiscal challenges, including public debt repayment surpassing social expenditures. Nairobi City County Deputy Governor, James Njoroge Muchiri, said that the peer learning exchange serves as a vital examination of financial management in cities, highlighting the role of collaborative efforts in enhancing urban governance.     The assessment project, facilitated by the United Nations Economic Commission for Africa (UNECA), is expected to help improve financial performance in six African cities, namely Addis Ababa, Nairobi, Lusaka, Dar es Salaam, Kigali, and Yaoundé, by refining accounting practices, diversifying revenue sources, and strengthening governance processes, it was learned. According to Muchiri, it is essential to work together to fortify local financial management. In this respect, the workshop would provide a platform for participants to reflect on enhancing their work environments while sharing valuable experiences and strategies for improvement. Dar es Salaam Mayor Nurdin Bilal Juma said the regional peer learning action plan progress review workshop encourage cities to effectively integrate their own initiatives.     “Following this gathering, we will define roles for collaborative learning. Cities like Dar es Salaam stand to gain significantly from frameworks that will enable us to consolidate our efforts.”

Addis Ababa, January 23, 2026 (ENA)—Ethiopia is intensifying its focus on homegrown economic reforms to address youth unemployment and expand industrial job creation, Finance Minister Ahmed Shide said. Speaking on the sidelines of the 2026 World Economic Forum during a high-level session titled “Africa’s Job Engine,” Minister Shide emphasized the urgent need for large-scale investment in job creation and skills development to respond to the demands of Africa’s rapidly expanding youth population. With urbanization accelerating across the continent, he noted that traditional aid models alone are no longer sufficient to meet rising economic and social demands. Highlighting continental efforts, the minister pointed to the African Union’s 10-Year Strategy, which aims to scale up Africa’s two million social enterprises as a key driver of job creation and locally anchored economic growth. Within this framework, Ethiopia has launched a comprehensive homegrown reform program designed to generate sustainable employment opportunities. The reforms include the liberalization of key economic sectors and expanded private sector participation. “We have introduced bold reforms, but with 1.8 million young Ethiopians entering the labor force every year, there is an urgent need to upskill our workforce to meet evolving economic demands,” Minister Shide said. He identified agriculture and agro-industry as major employment engines, particularly in horticulture, coffee, livestock, oil seeds, and agro-processing. These value chains, he noted, support millions of jobs across farming, transport, aggregation, cold storage, and basic processing, remaining a vital source of both on- and off-farm employment despite productivity challenges. Small and medium-sized enterprises and industrial parks were also highlighted as critical pathways for large-scale job creation, especially for young women. Ethiopia’s industrial parks alone attracted significant private investment and generated more than 90,000 jobs in 2022, with women accounting for 87 percent of the workforce. Rapid urbanization is further driving employment growth in construction, logistics, retail, healthcare, hospitality, and transport sectors. The aviation industry, in particular, was cited as a strategic sector supporting both direct employment and wider service and production ecosystems. Despite notable progress, Minister Shide acknowledged persistent challenges, including skills mismatches and human capital gaps, stressing the need for systematic solutions to sustain inclusive economic growth.

Addis Ababa, January 23, 2026 (ENA)—A Sudanese international law expert has underscored the benefits Sudan stands to gain from the Grand Ethiopian Renaissance Dam (GERD), while affirming Ethiopia’s sovereign right to develop the project in accordance with international law. In an exclusive interview with ENA, Sudanese legal scholar Hatem Al-Sanhouri described colonial-era agreements governing the Abay River as unjust, outdated, and inconsistent with modern principles of equitable water use. Al-Sanhouri said the GERD is a landmark development project constructed entirely within Ethiopia’s sovereign territory and grounded in the country’s legitimate right to utilize its natural resources for national development. He cited United Nations General Assembly Resolution 1803 (1962), which enshrines the principle of permanent sovereignty over natural resources. “This resolution affirms that every state has full sovereignty over its natural resources and the right to exploit them for economic development in accordance with national and international law,” he said, describing the principle as a cornerstone of post-colonial economic self-determination. According to Al-Sanhouri, Sudan is among the primary beneficiaries of the GERD. He explained that the dam will significantly reduce sedimentation and aquatic vegetation that have long impaired the efficiency of turbines at Sudan’s Roseires Dam. “The reduction of sediment alone will extend the lifespan of downstream infrastructure and substantially reduce maintenance costs,” he noted. He added that the GERD will help regulate the flow of the Abay River, mitigate flood risks, ensure a more stable year-round water supply, and provide access to affordable electricity—factors he said could support Sudan’s economic growth and development. Addressing concerns over potential harm, Al-Sanhouri stated that no objective or scientific evidence has demonstrated damage caused by the dam. “Any claim of harm must be based on measurable, scientific criteria,” he stressed. He also rejected assertions that the GERD was developed in secrecy, noting that Ethiopia engaged downstream countries throughout the dam’s 14-year construction period and consistently communicated the benefits of coordinated filling and operation. “International experts confirmed in 2015 that the dam’s design and safety standards are sound and scientifically robust,” he added. Turning to the 1929 and 1959 water agreements, Al-Sanhouri emphasized that Ethiopia was not a party to either treaty and is therefore not legally bound by their provisions. He described the agreements as products of a colonial context that caused significant social and environmental harm, including the flooding of Sudan’s Wadi Halfa region and the destruction of more than 3,000 date palm trees. He further criticized the water allocation system established by those agreements as fundamentally inequitable, noting that Egypt was allocated 55.5 billion cubic meters of Abay water annually, while Sudan received 18.5 billion cubic meters. “Such arrangements clearly violate the principle of fair and reasonable utilization,” he said. Al-Sanhouri called on all Abay Basin countries to prioritize the interests of their peoples through cooperation based on sustainable development and equitable use of shared water resources. He highlighted the Cooperative Framework Agreement (CFA) signed in Entebbe as a model grounded in these principles. He also recalled that Ethiopia, Egypt, and Sudan signed the Declaration of Principles on the GERD on March 23, 2015, establishing a cooperative framework for dialogue and coordination on the dam. “The era we live in demands respect for science, international law, and the rights of peoples to benefit from their natural resources,” Al-Sanhouri concluded.

Addis Ababa, January 23, 2026 (ENA)—Cities across Ethiopia are undergoing a visible transformation as the Green Legacy Initiative continues to expand urban green spaces, according to the Office of the Prime Minister. Through large-scale tree planting and the restoration of public parks, the initiative is reshaping once concrete-dominated areas into greener, more livable urban environments. In a social media post, the office said the growing network of green spaces is playing a critical role in environmental protection and biodiversity conservation, while also fostering healthier and more resilient cities, Urban greening efforts are helping to mitigate climate impacts, improve air quality, and enhance overall ecological balance. Beyond environmental benefits, the initiative is creating inclusive spaces for recreation, social interaction, and outdoor activities. These developments are strengthening community ties and significantly improving the quality of life for urban residents. The Green Legacy Initiative reflects the government’s commitment to sustainable, people-centred urban development, aligning environmental stewardship with social well-being and long-term urban resilience, Office of the Prime Minister added.

Addis Ababa, January 22, 2026 (ENA)—Ethiopia’s comprehensive reform has effectively enabled it to withstand numerous shocks, including the COVID-19 pandemic, droughts, and inherited debt, over the past seven years, Finance Minister Ahmed Shide said. Speaking at the World Economic Forum panel held in Davos, Finance Minister Ahmed Shide said “the fundamental issues we’ve faced include various shocks such as the pandemic and geopolitical tensions stemming from the Ukraine-Russia conflict”. To overcome these and other challenges, Ethiopia has been successfully carrying out a wide-ranging reform agenda that encompasses political, social, and economic dimensions for the last seven years, he added. According to him, the substantial investments in the agricultural sector have led to improved food security and sovereignty as well as initiatives aimed at human development and infrastructure connectivity. The Minister noted that the macroeconomic reforms have bolstered Ethiopia’s capacity to mobilize revenue and enhance the efficiency of public enterprises. He also pointed out the significant improvement in delivery capacity of the nation while reducing its debt risk level through successful negotiations with creditor countries as part of the G20 Common Framework. “Domestic ownership, strong leadership, and diversified sources of growth have contributed to our declining risk vulnerability, enhancing our resilience capacity,” he added. The Minister underscored that Ethiopia comprehensive approach has focused on institutional building, economic diversification, social cohesion, and regional solidarity. In this regard, the efforts not only equipped Ethiopia to respond to its own challenges but also supported broader regional connectivity and economic integration, benefiting neighboring countries vulnerable to similar shocks. Ahmed also emphasized Ethiopia's strategic position as a major market in the region, with significant investments in infrastructure such as energy generation, facilitating electricity exports to countries like Kenya, Djibouti, and Sudan. In this respect, he revealed that Ethiopian Airlines is doing a fantastic job in terms of connectivity in the region and this creates resilience at regional level as well.

Addis Ababa, January 22, 2026 (ENA)—Highlighting Ethiopia's remarkable 45 percent surge in honey production, UNIDO Representative Stephen Bainous Kargbo has stressed the importance of market access to convert honey to prosperity for the people. A honey value chain conference was held today in Addis Ababa. Speaking at the conference, UNIDO Representative Kargbo appreciated the growth in honey production, noting the need for market access. “Market access is key if we want to make sure that the existence of honey is converted to prosperity for people,” he said. Sharing his thoughts around market access, he stated "we are not just only thinking about the international market. We also think about regional markets, we also think about local markets." And we understand that for this type of access, we need different layers, he elaborated, adding that by different layers of interventions he meant to ensure first of all not only that bee producers are kept alive, fed and happy, but also that in fact we can harness and harvest what they are producing. "But even more importantly, then we can market it so that there are economic benefits. I'm a fan believer in the importance of economic benefits, but also social and environmental benefits. So market access is very key," Kargbo stressed. According to him, producers incomes have now more than doubled. “And I think this is really the trend to go. But let's not forget, the bees have to be kept fed and the bees have to be happy.” Representative of Agriculture State Minister Fikru Regassa framed beekeeping as a cornerstone of national resilience. “Bee keeping is more than a farm and it is a symbol of nature based on best solutions, resilience, conservation, food security, economy and cultural buildings,” he said. For these gains to be permanent, the representative stated that Ethiopia requires “strong and long standing self sustainable association.” Ethiopian Apiculture Development Association (EADA) General Manager, Negash Bekana pointed out on his part that the association is promoting the sector by linking market linkage activities. “We are now moving investment in the sector to enhance the sector's development efforts,” he noted, emphasizing that the introduction of new technologies is essential to secure Ethiopia’s future as a global leader in high-quality honey. Slovenian Ambassador Kristina Radej, herself a beekeeper, further advocated for technical innovation, stating, “I would like to introduce also modern beekeeping to Ethiopia... to put modern beekeeping or urban beekeeping on the strategy of this city.” The conference held under the theme "Advancing a Viable and Sustainable Apiculture Sector in Ethiopia" is financially supported by Norway. Ambassador Stian Christensen of Norway remarked, “Today, we shall witness the power of firm collaboration and what can be achieved when knowledge, government vision, international cooperation and strong commitment align”.

Addis Ababa, January 22, 2026 (ENA)—German Foreign Minister Johann Wadephul said that Ethiopia has demonstrated a strong sense of responsibility for peace and security in the Horn of Africa, noting the global significance of maritime stability in the Red Sea. Speaking at a joint press briefing held by Ethiopia's Foreign Minister Gedion Timothewos and himself, the Minster noted that “Ethiopia showed us a great responsibility for peace and security in the Horn of Africa. The Bab el-Mandeb and the Red Sea are lifelines of global trade; and therefore the security of the maritime passage along the Red Sea coast is a strategic interest of Germany”. The Minister also said Germany clearly understands Ethiopia’s need for reliable access to sea and port infrastructure. On regional security, he acknowledged Ethiopia’s longstanding role in Somalia and the fight against terrorism. “Ethiopia shares a long border with Somalia, where the terrorist group Al-Shabaab operates with atrocious attacks against the population. Ethiopia has long been strongly engaged in peace and security efforts in Somalia and has contributed to the AU mission there,” he said. Germany is very engaged at the EU level to secure funding for that important mission as it is in its interest to fight terrorism, which continues to be a threat to Europe as well. Furthermore, Foreign Minister Johann Wadephul described Ethiopia as a major political and economic force in Africa, highlighting its rapid transformation and reform trajectory. “If you had visited Addis Ababa 15 years ago, you would have seen only a few skyscrapers. Today, we are in one of the most modern cities in Africa. Ethiopia has embarked on a path of growth and reform.” Pointing to Ethiopia’s economic potential, Wadephul said Germany sees strong opportunities for expanded economic cooperation. “As the second most populous nation in Africa, Ethiopia offers huge potential for the German economy. That is why I came with a business delegation—to explore the full possibilities for cooperation.” According to him, major projects such as the new airport under construction in Bishoftu are examples where German companies stand ready to share their know-how and expertise, which of course reflects a good investment climate. Congratulating Ethiopia on being selected to preside over COP-32, the Minister said Germany will be a reliable partner in supporting Ethiopia in the preparation of the conference. For his part, Ethiopian Foreign Minister Gedion Timothewos said the talks were comprehensive and forward-looking, reflecting the depth of bilateral relations between the two countries. He noted that Ethiopia and Germany are celebrating 120 years of diplomatic relations, describing the partnership as longstanding and strong. The Minister recalled that recent engagements between the leaders of the two countries have created fresh momentum for enhanced cooperation. “The two leaders agreed to jump-start existing bilateral mechanisms, including political consultations and the Joint Ministerial Commission.” According to him, the ministers have agreed to strengthen cooperation in priority areas. “We agreed to further strengthen political, economic and development cooperation, giving priority to agriculture, education, labour, vocational training and natural resources,” he said. The two sides also discussed regional political and security situations in Africa and beyond, and agreed to cooperate on multilateral issues including climate change, security, counter-terrorism and strengthening multilateralism.

Economic growth in Africa is projected to reach 4 percent in 2026, with Ethiopia and Kenya leading the continent's economic expansion in the year. Recall that the Ethiopian News Agency, citing the United Nations’ World Economic Situation and Prospects 2026 report, reported that East Africa is expected to grow by 5.8 percent in 2026, up from 5.4 percent in 2025, maintaining its position as the continent’s fastest-growing sub-region. Today, Economy Commission for Africa (ECA) Macroeconomics Finance and Governance Division Director, Stephen Karingi, citing the World Economic Situation and Prospects 2026 report, affirmed that Africa’s economic growth is projected to reach 4 percent in 2026 and to reach 4.1 percent in 2027 from an outcome of 3.9 percent in 2025. The continent’s growth is projected to rise modestly supported by improved macroeconomic stability, rising investment, and strong consumer demand. East Africa, as has been the case in the past few years, continues to lead most of the sub-regions on the continent, mostly benefiting from the regional integration efforts, it was learned. According to the report, the slight increase of the continent's growth reflects macroeconomic stability in several large economies in the continent, supporting investment and consumer spending, it was indicated. Despite the positive outlook for this year and the year ahead in 2027, high debt servicing costs, limited fiscal space and volatile commodity prices weigh on prospects for inclusive and sustainable growth and development. Inflation has eased across most African economies, supported by exchange rate stabilization. However, food price inflation remains elevated, reflecting structural vulnerabilities and the effects of climate related shocks, Karingi noted. Although trade expanded in 2025, progress in implementing the African Continental Free Trade Area has been slow. The report also highlights how inflation, volatility and uncertainty have since become key features of the global landscape. The long term, structural shifts, such as geopolitical tensions, climate change effects, demographic changes and technological transitions are creating new risks and increasing the persistence and unpredictability of inflation, according to the Macroeconomics Finance and Governance Division Director. Furthermore, stabilizing inflation is inevitable as persistent inflation deepens poverty; and it also widens inequality alongside heightening social vulnerability, it was noted. For the director, clear communication, targeted macro-prudential measures and stronger monetary fiscal coordination are key to containing inflation. Improved communication among central banks can strengthen policy coordination and prevent unnecessary currency volatility, he noted. In addition, the report emphasizes that global cooperation is essential for supporting price stability.

Addis Ababa, January 22, 2026 (ENA)—AI-powered cyber-attacks and the need for stronger digital defenses took center stage at a cyber security workshop held in Addis Ababa today. The workshop titled “Cyber Security Trends and Development: Ethiopia and the Global Landscape” brought together local and international experts as well as stakeholders from government institutions and non-governmental organizations. On the occasion, Innovation and Technology State Minister Muluken Kere said one of the key priorities of the recently launched Digital 2030 Strategy is cyber security, as the country moves into new areas of the digital economy. Ethiopia successfully completed Digital 2025 strategy and launched Digital 2030 with the view to empowering the society through digital technology, accelerating economic growth, and enhancing the nation’s global competitiveness. The state minister noted that ensuring a secure digital environment is essential for building a robust digital economy platform. Ethiopia’s ongoing efforts to collaborate on cyber security at international, regional, and neighboring-country levels has been intensified; and the workshop serves as a tangible example of these partnerships, Muluken said. For his part, Israel's Ambassador to Ethiopia, Avraham Neguise, said cyber security is no longer a niche technical concern but a strategic necessity. “As Ethiopia advances its impressive digital transformation, safeguarding digital assets, data, and systems becomes ever more critical,” the Ambassador noted, stressing that cyber security is a shared responsibility requiring cooperation across sectors, borders, and disciplines. Israel is proud to support Ethiopia’s journey toward a secure and innovative digital future, highlighting the launch of Ethiopia’s Digital 2030 strategy, he added. Recalling Israeli and Ethiopian collaboration in sectors such as agriculture, water management, health, and education for decades, Ambassador Neguise pointed out that cooperation has recently expanded into digital technology, high-tech innovation, and cyber security to meet the demands of modern economies. Ethiopian Cyber Security Association President, Berhanu Beyene, emphasized that partnerships with countries rich in technological expertise, professional capacity, and experience are essential for Ethiopia’s success in combating cyber security. He added that Ethiopia, being a latecomer in digital transformation, can learn from the experiences of others, avoid past mistakes, and better address challenges in achieving the goals of the Digital 2030 strategy. In his presentation to the workshop, the Israeli expert Andrew Pelled warned that AI-driven threats represent one of the most significant cyber security challenges today. According to him, traditional security measures are no longer sufficient as cyber criminals adopt advanced technologies and AI is rapidly transforming the technological landscape and enabling new forms of cyber-attacks. Major cyber incidents that have occurred across Africa, including in Ghana, Kenya, and Sudan, were presented to the participants to highlight the growing number of cyber-attacks and sophistication. The expert emphasized that awareness remains the most effective first line of defense. With widespread use of mobile phones and digital services, cyber risks now extend beyond organizations to individuals. “I think the key word is awareness, to have more awareness. Each one of us is a user, even with our mobile telephones, a cyber-attack can happen, or detection, or somebody controlling your telephone.” The one-day workshop was organized by the Embassy of Israel, in collaboration with the Ministry of Innovation and Technology and the Ethiopian Cyber Security Association.  

Addis Ababa, January 22, 2026 (ENA)—A high-level Ethiopian delegation led by Minister of Finance Ahmed Shide has continued its active participation at the World Economic Forum (WEF) 2026 in Davos, now in its fourth day. On Thursday, Minister Ahmed took part in the roundtable discussion titled “Shaping the Next Decade: The Future of Global Health and Financing,” hosted by philanthropist Bill Gates. During the session, the Minister highlighted Ethiopia’s progress in leveraging digital technologies and artificial intelligence to expand access to healthcare services, particularly for rural and underserved communities. Minister Ahmed called for long-term partnerships and sustainable financing mechanisms to strengthen health systems, advance AI adoption, develop talent, and expand digital infrastructure. He also spoke at the session “Economies Beyond the Shock Cycle,” where he outlined key pillars for building economic resilience. These included ensuring fiscal sustainability, investing in critical infrastructure such as regional energy grids, accelerating digital transformation to ensure continuity of public services, and sustaining investment in human development and economic diversification. Emphasizing the transformative role of technology, the Minister underscored how digital transformation and AI can enhance government efficiency, create jobs, bridge the digital divide, and position Ethiopia as a future-ready and globally competitive economy. On the sidelines of the Forum, Minister Ahmed held bilateral discussions with global leaders, including Bill Gates and the European Union Commissioner for International Partnerships, reaffirming Ethiopia’s commitment to innovation, strategic partnerships, and sustainable development. Ethiopia’s engagement at WEF 2026 to date reflects its determination to harness innovation, digital transformation, and international cooperation to drive inclusive and sustainable growth.

Addis Ababa, January 22, 2026 (ENA)—Addis Ababa has emerged as a leading performer in municipal finance management among major African cities, according to a recent evaluation conducted by the United Nations Economic Commission for Africa (ECA). The assessment, which focused on resource mobilization and project implementation, was presented today during the Regional Peer Learning Action Plan progress review conference held in Addis Ababa. The city outperformed other participating African capitals, including Nairobi, Lusaka, Dar es Salaam, Kigali, and Yaoundé, under a project aimed at strengthening municipal financial systems. Addressing the conference, Addis Ababa Mayor Adanech Abiebie said the strategic reforms undertaken by the city have significantly improved its global competitiveness and positioned Addis Ababa as a model of urban transformation for other African cities. She noted that the city has demonstrated strong performance in revenue mobilization and financial resource management, attributing Addis Ababa’s rapid growth to consistent leadership commitment and institutional reforms. Mayor Adanech highlighted that the digitization of business licensing and revenue collection systems has greatly enhanced transparency and efficiency. These digital reforms, she said, have enabled the city to finance large-scale development projects using its own internal resources. She further stressed that the future sustainability of African cities depends on the financial systems being built today, particularly those anchored in knowledge and digital technology. The mayor also expressed her appreciation to the Economic Commission for Africa for its continued support in advancing urban reforms and strengthening financial capacity. The conference brought together mayors and other officials from six African countries. Participants said the forum provided a valuable opportunity to learn from Addis Ababa’s experience, particularly its policy of allocating 70 percent of total municipal revenue to development projects—a strategy credited with transforming the city’s infrastructure and service delivery.

Addis Ababa, January 22, 2026 (ENA)—Ethiopia has generated more than 5.1 billion US dollars in export revenue over the past six months, exceeding its set target, the Ministry of Trade and Regional Integration announced. Speaking at a six-month performance review of the 2018 Ethiopian fiscal year held in Dessie, Amhara region Minister of Trade and Regional Integration Kasahun Gofe stated that the country had initially planned to earn 4.42 billion USD from exports during the period. However, actual earnings surpassed expectations, reaching over 5.1 billion USD —representing 120 percent of the target. According to the minister, the revenue marks an increase of 1.83 billion USD compared to the same period last year, reflecting significant growth in export performance. Minister Kasahun noted that the achievements are laying a strong foundation for Ethiopia’s economic revitalization and institutional development. He also highlighted ongoing efforts to implement the Digital Ethiopia 2030 Strategy within the trade sector. As part of the digital transformation, more than two million trade registration and licensing services have been delivered online nationwide, improving efficiency and accessibility for businesses. The minister further emphasized that the government is working with a focused and coordinated approach to achieve its overall export revenue target of 9.4 billion USD by the end of the fiscal year.

Addis Ababa, January 21, 2026 (ENA)—Nearly 65 heads of state and government are convening this week in the Swiss Alpine resort of Davos for the World Economic Forum’s (WEF) Annual Meeting 2026, as global leaders grapple with one of the most complex geopolitical and economic environments in decades. The meeting, taking place in Davos–Klosters from 19 to 23 January under the theme “The Spirit of Dialogue,” brings together leaders from G7, G20 and BRICS nations alongside around 850 chief executives and chairs of the world’s largest companies. A high-level Ethiopian delegation led by Finance Minister Ahmed Shide is participating in the forum. Addressing the session titled “Africa’s Job Engine,” Shide highlighted the transformative potential of the African Continental Free Trade Area (AfCFTA) in driving inclusive growth and creating employment opportunities for Africa’s rapidly expanding youth population. Discussions at Davos are unfolding against a backdrop of rising geopolitical fragmentation, rapid technological change and growing uncertainty around trade, security and global governance. “Dialogue is not a luxury in times of uncertainty; it is an urgent necessity,” said World Economic Forum President and CEO Børge Brende. Several heads of state delivered keynote addresses or participated in public discussions during the opening days of the meeting. Morocco’s Head of Government Aziz Akhannouch underscored his country’s role as a strategic bridge between Europe, Africa and the Atlantic world. Speaking in a public conversation, he pointed to recent fiscal reforms and what he described as Morocco’s strong economic fundamentals supporting growth and investment. In his welcoming address, Swiss President Guy Parmelin called for greater international cooperation to tackle global challenges. “Society, science, economics and politics must work together hand in hand,” he said, warning that fragmented efforts would lead to “partial and imperfect” solutions. Parmelin also thanked countries for their solidarity following the tragedy in Crans-Montana. European Commission President Ursula von der Leyen said the European Union is intensifying efforts to diversify trade partnerships amid ongoing U.S. tariffs and protectionist pressures. “Europe will always choose the world, and the world is ready to choose Europe,” she said, adding that the bloc must adapt to a “new security architecture,” citing heightened geopolitical tensions, including U.S. rhetoric over Greenland. Chinese Vice-Premier He Lifeng called for deeper economic cooperation, cautioning that “tariffs and trade wars have no winners.” While acknowledging shortcomings in globalization, he said countries “cannot completely reject it and retreat to self-isolation.” He added that boosting domestic demand would be a top priority for China in 2026. French President Emmanuel Macron described the current moment as a “profound global shift,” arguing that Europe must defend effective multilateralism in the face of growing global tensions. “It serves our interests and those of all who refuse to submit to the rule of force,” he said. In a discussion with Brende, Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani emphasized the need to address the root causes of instability in the Middle East, calling for a reimagined regional security framework. “The moment has come for the region to come together,” he said. Canadian Prime Minister Mark Carney delivered a blunt assessment of the international system, arguing that the post-Cold War “rules-based international order” no longer functions as it once did. “This bargain no longer works,” he said, adding that Canada would pursue a foreign policy that is “both principled and pragmatic.” In a wide-ranging address, U.S. President Donald Trump touched on trade, tariffs, artificial intelligence, nuclear energy, migration and global health. Addressing tensions with Europe, Trump said the United States would not use force in relation to its interest in Greenland. “I won’t use force,” he said. As the Davos meeting continues, leaders are expected to further debate the future of global trade, security, technology governance and economic cooperation in an increasingly fragmented world.

Addis Ababa, January 21, 2026 (ENA)— Zambian Ambassador to Ethiopia Alber Muchanga has underscored the significant opportunities offered by the African Continental Free Trade Area (AfCFTA), calling on African governments and the private sector to scale up industrial capacity and deepen economic integration. Speaking to the Ethiopian News Agency (ENA) Muchanga, has emphasized the vast opportunities created by the African Continental Free Trade Area (AfCFTA), following the signing and ratification of the agreement by both Ethiopia and Zambia. Ambassador Muchanga, beginning his second tour of duty in Ethiopia, emphasized that Zambia and Ethiopia could play a pivotal role in advancing industrial collaboration and economic integration across Africa. He added that following the signing and ratification of the agreement, the key priority is scaling up industrial capacity to meet continental demand. “The African Continental Free Trade Area represents an aggregate market of about 1.5 billion people,” Muchanga said. “After signing and ratifying the agreement, the priority is to ensure that our industries can supply this market at scale.” He explained that many African industries were historically designed to serve only national markets, leaving significant untapped potential for cross-border collaboration. “Most of our industries across Africa were designed for the national market. Now we need to cluster our industries to supply this large market and move towards a customs union,” he said. According to him, entrepreneurs from Ethiopia and Zambia, as well as across the continent, should explore ways to cluster industries and build joint production capacity to meet continental demand. Muchanga underlined on the need to safeguard the continent’s interests, noting the importance of advancing toward a customs union under the AfCFTA framework. “There is already a provision in the agreement to establish a customs union. Africa must move in that direction,” he said, adding that a common external tariff would help protect the internal market and strengthen Africa’s bargaining power. He underscored the need to convince both governments and the private sector of the benefits of deeper economic integration. Muchanga also said he plans to work closely with Ethiopian authorities and engage business communities to promote understanding of the advantages of a customs union. “When you have a customs union, you effectively create a single market,” he explained. “For African countries, the market is no longer the national population it is the combined population of 1.5 billion people.” The ambassador underscored the importance of African unity in shaping the continent’s role in the changing global order. “Africa should be part of the designers of the changing world order,” he stated, citing the historical significance of Ethiopia as the birthplace of the OAU and the African Union. The ambassador concluded by urging the private sector to build the capacity required to supply this large and growing market on a consistent basis, describing AfCFTA as a transformative opportunity for African industrialization and economic growth.