Live:
Economy
Ethiopia Seeks Partnership that Transcends Traditional Trade Dynamics with Malaysia
Nov 19, 2025 230
Addis Ababa, November 19, 2025 (ENA) - Trade and Regional Integration Minister Kassahun Gofe said at the Ethiopia–Malaysia High-level Business Forum held today that Ethiopia envision a partnership which moves far beyond traditional trade dynamics with Malaysia. Speaking at the Forum attended by President Taye Atske Selassie and Prime Minister Anwar Ibrahim, the Minister stated that Ethiopia “envisions a partnership that moves far beyond a simple buyer–seller relationship”. A strategic alliance where Malaysia’s capital and cutting-edge expertise in semiconductors, ICT, real estate, logistics, e-commerce and global market access meet Ethiopia’s immense natural and human potential, strategic location, and forward-looking reformers, he added. The Minister cited the dynamic base of the African Continental Free Trade Area as a gateway to the entire African continent and the domestic market. For his part, Investment Commissioner Zeleke Temesgen reaffirmed the government’s commitment to improving the investment environment for the Malaysian business delegation. “Our government remains fully committed to creating a predictable, transparent and investor friendly climate,” he noted. “I (therfore) encourage you to view Ethiopia not merely as a destination for investment, but as a strategic partner in building a sustainable and prosperous Africa. According to him, the Ethiopian government stands ready to support the ventures, facilitate partnerships and ensure success. The Commissioner stated that “Ethiopia is not just open for investment; Ethiopia is open for long-term partnership.” The forum brought together policymakers, investors and business leaders from both countries to explore opportunities in manufacturing, agro-processing, technology, infrastructure, logistics and more. The event is expected to catalyze new investment initiatives and deepen the strategic economic cooperation between Ethiopia and Malaysia.
Ethiopia, Malaysia Hold First-Ever High-level Business Forum
Nov 19, 2025 250
Addis Ababa, November 19, 2025 (ENA) - The first-ever Ethiopia-Malaysia high level business forum was held today in the presence of Ethiopia's President Taye Atske Selassie and Malaysia's Prime Minister Dato' Seri Anwar Ibrahim. President Taye said on the occasion even if diplomatic relations between the two countries were established in 1965, today’s rapidly shifting geo-economic and geopolitical landscape call for deeper and more strategic cooperation. There is a need to strengthen the diplomatic relations between the countries through trade and investment, agriculture, livestock, mining and other important development areas as well, he added. The President underscored that Ethiopia's rapid strides in digitalization are boosting financial inclusion and modernizing the economy at an unprecedented pace. According to him, this historic investment forum not only reaffirmed the longstanding friendship between Ethiopia and Malaysia but also set the stage for a future defined by deeper economic collaboration, mutual understanding, and shared prosperity. Called on Malaysian companies to take advantage of Ethiopia's trade and investment opportunities and engage in development that will lead to mutual prosperity and benefit, President Taye noted that there is a favorable environment for Malaysian companies to take advantage of the trade and investment opportunities. On his part, Prime Minister Anwar Ibrahim underscored the long-standing relationship between the two nations and a partnership rooted in diplomatic cooperation and shared perspectives on global affairs. He expressed his deep appreciation to Ethiopia’s promising trajectory in reform and development by utilizing its enormous potential of the country. According to Ibrahim, the story of Ethiopia's Christian emperor offering sanctuary to Muslims carries profound lessons for today’s world, often marked by division, hatred, and prejudice. Hence mutual understanding and historical awareness are essential foundations for building meaningful relationships. “It will be loss if we don’t foster the relationship between the two countries,” the PM noted, stressing the need to cultivate the relationship between Malaysia and Ethiopia. Not doing so would be a missed opportunity not only for both countries but also for the broader region and international community, Prime Minister Ibrahim added. He mentioned that digital transformation, energy transition, data sector, and artificial intelligence are fundamental solutions to economic challenges in this era. Expressing his gratitude to the Malaysian business community delegation for their commitment to attend the forum, he said “we have a serious plan. So, we must do whatever is necessary to facilitate this relationship “, taking the cooperation as a great opportunity since economic diplomacy plays a major role in strengthening the relations.
Ethiopia Committed to Strengthening Transparency, Accountability, and Fiscal Governance: Ministry
Nov 19, 2025 365
Addis Ababa, November 19, 2025 (ENA) - The Ministry of Finance has emphasized Ethiopia’s strong commitment to enhancing transparency, accountability, and fiscal governance. This reaffirmation came during a high-level meeting of the Public Financial Management (PFM) Joint Working Group, where senior government officials outlined key reforms aimed at improving budgeting, cash management, procurement processes, and oversight of public investments. Development partners, including the World Bank, IMF, EU, AfDB, the Bill & Melinda Gates Foundation, UNICEF, and UNDP, attended in a supportive capacity, providing technical and financial assistance to help advance the government-led reform agenda. Semereta Sewasew, State Minister of Finance, stressed that Public Financial Management reforms are “a strategic pillar for Ethiopia’s recovery and long-term growth,” emphasizing that they reshape how the country plans, allocates, spends, and monitors public resources. Ethiopia’s focus on credible budgeting, realistic revenue projections, and establishing a multi-year expenditure framework to ensure fiscal discipline and safeguard essential services for citizens, she noted. The meeting also highlighted the acceleration of a unified Treasury Single Account, integrating federal and regional accounts with weekly cash planning to ensure predictable fund flows. These reforms aim to increase efficiency and help ensure that resources reach schools, hospitals, roads, and other critical public services. The Government is continuing to strengthen Public Financial Management systems across all levels, including in the regions, to enhance transparency, accountability, and efficiency. The meeting also reviewed oversight of public investment and state-owned enterprises, regular financial reporting, independent review of large projects, and the integration of fiscal risk statements into the national budget, all of which are critical for managing debt risks, ensuring sustainable borrowing, protecting the economy, and safeguarding public finances. Digitalization is a key focus, with significant progress in modernizing the IFMIS system to improve transparency and efficiency in budget execution, procurement, payroll, and payments, including a shift to electronic payments to reduce leakages. Strengthening audit systems is also prioritized, with efforts to improve internal and external audits and enforce recommendations to enhance accountability. Partners continue to support Ethiopia’s reform efforts, emphasizing the need for clear priorities, better results frameworks, completion of overdue assessments, capacity building, especially to address staff turnover, and increased domestic revenue mobilization to sustain development and fiscal stability. Semereta also emphasized that communicating reform achievements to the public is essential, stating that “building trust is just as important as building systems.” She described the Joint Working Group as a vital platform for coordinated problem-solving, monitoring progress, and charting Ethiopia’s next phase of government-led fiscal transformation.
AfCFTA Boosts Exporters’ Competitiveness, Expands Market Access for Grains and Oilseeds: Association
Nov 19, 2025 321
Addis Ababa, November 19, 2025 (ENA) - The Ethiopian Pulses, Oilseeds and Spices Processors-Exporters Association (EPOSPEA) has emphasized that the African Continental Free Trade Area (AfCFTA) has helped to boost exporters’ competitiveness by expanding market access for grains and oilseeds. Ethiopia officially launched the implementation of the AfCFTA Agreement on September 2018 EFY by exporting its products to various African countries. Following this, the country has begun exporting meat, vegetables and fruits, coffee, grains, and oilseeds to Kenya, Somalia, and South Africa through Ethiopian Airlines cargo services and land transport. Speaking to ENA, Edao Abdi, President of EPOSPEA, emphasized that the free trade area creates a vast market opportunity across Africa, allowing producers, especially those in the pulses and oilseeds subsector, to market their products more effectively. According to the president, the agreement will gradually eliminate trade duties and tariffs between African countries, enabling pulses and oilseeds to become more competitive within the continental market. Dagnachew Assefa, an exporter of pulses and oilseeds, on his part, stated that the agreement will increase both the volume and income of exports by opening new market destinations and strengthening competitiveness. The implementation of AfCFTA is a game-changer for African trade, said Iyasu Isaac, a representative of the National Sesame Seeds Association of Nigeria. “The AfCFTA is truly a game-changer. If you look at Ethiopia’s policies and export performance, Kenya, one of the destinations for Ethiopian products, is already benefiting significantly,” he said. The representative added, “Kenya is a member of the trade area. If we can fully utilize the existing African market, which is home to 1.4 billion people, there will be ample demand for our products. This will help grow our economies and create job opportunities for many Africans”.
GEW 2025 Fosters Collaboration, Supports Sustainable Growth, and Rural Inclusion
Nov 19, 2025 392
Addis Ababa, November 19, 2025 (ENA) - The Entrepreneurship Development Institute (EDI) announced that the Global Entrepreneur Week (GEW) 2025 could foster collaboration, support sustainable growth and rural inclusion. The EDI, in partnership with the Ministry of Labor, officially launched GEW Ethiopia 2025 in Addis Ababa, marking the start of the week-long global event (November 17-23) under the theme “Let’s Build Together!” The launch highlighted its focus on collaboration, rural inclusion, and agri-tech innovation to drive sustainable growth for aspiring entrepreneurs across Ethiopia. In an exclusive interview to ENA, Hassen Hussien, Chief Executive Officer of EDI, noted that GEW creates significant opportunities for experience exchange and business-to-business collaboration. The initiative not only enhances networking and knowledge sharing, but also strengthens strategic partnerships within Ethiopia’s expanding startup ecosystem, he added. Hassen underscored EDI's commitment to empowering all aspiring entrepreneurs, stating, “Every entrepreneur aims for growth and success. We invite you to seek our support.” The CEO also welcomed individuals with innovative ideas to utilize the Institute's free services, noting that while limited funding may prioritize scalable startups, growth support for Small and Medium-sized Enterprises (SMEs) remains widely accessible. The EDI delivers a wide range of free services across Ethiopia, specifically targeting women, internally displaced persons (IDPs), refugees, farmers, and youth entering the startup space, he stated. Reflecting on the Institute's significant expansion, he said, “Ten years ago, we served thousands; today, our outreach extends to rural and communities across the country.” The CEO also highlighted that last year alone, EDI engaged one million rural women in a single week, many of whom have since started their own businesses. Emphasizing the central role of agriculture in the Ethiopian economy, Hassen elaborated EDI’s programs that train farmers and support agri-tech startups innovating in water and soil management. He noted that a key partnership with the Food and Agriculture Organization (FAO) plays a vital role in driving youth-led projects aimed at transforming Ethiopia’s agricultural sector. This year, initiatives are expanding to support sustainable livelihood transitions in environmentally challenged pastoral communities in Borana, he noted, adding, “We empower innovative minds, and this strengthens Ethiopia’s position as a leading hub for entrepreneurship and economic growth.”
GERD Great Example of Infrastructure Integration in Africa: CPRTIIT Bureau Outgoing Chair
Nov 19, 2025 244
Addis Ababa, November 19, 2025 (ENA) - The Grand Ethiopian Renaissance Dam is a great example of infrastructure integration and realization of energy sovereignty in Africa, Committee on Private Sector Development, Regional Integration, Trade, Infrastructure, Industry and Technology (CPRTIIT) Bureau outgoing Chair, Mamadjam Dinis Djalo, said. In an exclusive interview with ENA, the Committee on Private Sector Development, Regional Integration, Trade, Infrastructure, Industry and Technology (CPRTIIT) Chair noted that GERD is a great example of infrastructure integration. “We must encourage a project of this kind of dam (GERD) in Ethiopia to multiply it. I think the Grand Ethiopian Renaissance Dam is a great example of infrastructure integration to serve not just the country itself but made in a way that serves an integrated project.” GERD is critical to realize regional integration through its provision of clean and renewable energy that is intended to power economic development and reduce reliance on imported fuels in the region. For Djalo, energy sovereignty of the African continent is instrumental to realize its long-term development and growth ambitions. “If you have energy sovereignty, you must have food sovereignty; and we are talking about all aspects of our life. So, we commend Ethiopia for that and we encourage them to do more in that sense.” He added that projects like GERD are critical to improve above all the livelihood of its people and the people of the continent. Similarly, Djalo said that his country Guinea-Bissau has an infrastructure project (OMVG) that connects Guinea-Bissau, Senegal, the Gambia, and Guinea-Conakry. The OMVG Infrastructure Project (Organization pour la Mise en Valeur du fleuve Gambie, or Gambia River Basin Development Organization) is a major regional initiative in West Africa aimed at increasing electricity supply and trade among its four member countries. The outgoing chair believes that the connectivity to logistics, transport, and energy are fundamental for realizing integration across the continent. Today’s economy is fueled by energy, by integration and industry and all that needs energy and technology to function, Djalo stressed, adding that it is essential that Africa builds upon energy infrastructure that can be beneficial to the entire continent. In this regard, the GERD is crucial in realizing regional integration through its provision of clean, renewable energy which is intended to power economic development and reduce reliance on imported fuels in the region. Above all, this largest hydroelectric power plant in Africa is expected to facilitate regional energy integration through power exports and promote stability, cooperation, and shared prosperity.
KEFI Gold, Copper Exec. Chair Sees Ethiopia’s Potential to Be Among Top Global Mineral Suppliers
Nov 19, 2025 326
Addis Ababa, November 19, 2025 (ENA) - Ethiopia has the potential to become one of the top 10 mineral supplier in the world, KEFI Gold and Copper PLC's, a gold and copper exploration and development company active in the Arabian-Nubian Shield across Ethiopia and Saudi Arabia, Executive Chairman Harry Anagnostaras-Adams said. The Executive Chairman has recently confirmed that the full development of its high-grade, high-recovery Tulu Kapi Gold Project (TKGM) in Ethiopia is on track to be fully developed by the end of 2025. In an exclusive interview with ENA, Anagnostaras-Adams said “it is clear that Ethiopia has the potential to become a top 10 mineral supplier in the world”, emphasizing the additional advantages granted by the Grand Ethiopian Renaissance Dam (GERD), which provides the country with “the lowest cost greenest electricity in the world.” Drawing parallels between Ethiopia's geological landscape and that of Australia, he noted that Ethiopia has the capacity to produce tens of billions of dollars in mineral exports each year. “The world is hungry for processed minerals, and Ethiopia has the opportunity to transform its mineral resources into finished products,” the Executive Chairman elaborated. Acknowledging the challenges of mining, Anagnostaras-Adams pointed out that Ethiopia has a backlog of development projects that have yet to be realized. “In the next five years, Ethiopia can significantly ramp up mineral production, especially with ongoing projects like Tulu Kapi Gold Mine,” he added. According to the Executive Chairman, Ethiopia, with the right strategies and practices in place, cannot only foster growth in mineral production but also solidify its position as a key player in the global mineral market. The Norway-based gold exploration and mining company, Akobo Minerals AB and Etno Mining PLC. CEO, Jorgen Evjen, on his part highlighted the progress and future of mining in the Ethiopia. The CEO, who has been involved in the Ethiopian gold mining project for 15 years, emphasized the significant advancement of his company in the past five years. “We have transitioned from exploration to production, opening the first new international mine in Ethiopia since 1993,” he said. Located in Gambella region, the mine is now producing gold and generating income, it was learned. “With recent economic reforms taking shape, we are receiving substantial support from various government entities, including the National Bank and Ethiopian investment holdings,” Evjen stated. This newfound backing signifies a positive development trajectory for the sector. The CEO stressed the importance of establishing sustainable practices and partnerships to build a resilient mining industry, emphasizing the need for careful planning and strategic collaboration for continued growth. “Our vision is to become a leading mining company in Ethiopia,” he added, explaining that his company is looking to expand its operations not only in gold but also into critical minerals, and is actively seeking partnerships to attract international investment. Reflecting on the potential for growth, Evjen noted, “If a small company like ours from Norway and Sweden can succeed in building a mine here, then larger companies can also thrive. It’s all about resilience and the willingness to face challenges.”
National Conference Plays Vital Role in Transforming Agriculture Sector: Ministry of Agriculture
Nov 19, 2025 382
Addis Ababa, November 19, 2025 (ENA) - The Ministry of Agriculture underscored that the Second National Conference on Agricultural Transformation will play a significant role in advancing efforts to modernize the sector by providing a wide range of research-based insights and solutions. The conference, held under the theme “Accelerating Agricultural Transformation through Innovative Interventions,” is organized by the Ethiopian Agricultural Transformation Institute (ATI) and brings together participants from universities, research institutions, regional bureaus, development partners, private-sector actors, and innovators. Delivering opening remarks, State Minister of Agriculture Efa Muleta has highlighted the major objectives of the conference. According to him, the objectives include identifying innovative approaches for piloting, initiating high-impact projects, scaling up best practices, making research findings accessible to national and international development communities, strengthening institutional capacity and visibility, enhancing university research development linkages, and improving both institutional and individual competencies. He emphasized that global agriculture is currently confronted with numerous challenges, climate change, resource limitations, population growth, market volatility, and geopolitical tensions. In this context, he noted, transforming agriculture is essential not only for Ethiopia’s future but also for global stability, sustainability, and shared progress. Efa further noted that key initiatives such as the Agricultural Commercialization Cluster (ACC), Integrated Agro-Industrial Parks, digital innovation platforms, market system reforms, and the forthcoming Farmer-Producer and Agribusiness Companies (FPAC) remain central to strengthening Ethiopia’s structural transformation and competitiveness. Insights generated from the conference, he said, will help refine national priorities, reinforce strategies, enhance coordination, and deepen collaboration with development partners whose support and expertise are vital. “Together, we are advancing Ethiopia’s agricultural and food-systems transformation in alignment with the SDGs and Africa’s Agenda 2063,” he added. He also reaffirmed the government’s commitment to ensuring national food self-sufficiency through measures such as duty-free importation of agricultural machinery, sector digitalization, and the adoption of innovative solutions. ATI Director General Mendefro Nigussie stated that the conference outputs will be disseminated, published, and provided to agricultural institutions to support sector-wide transformation efforts. According to the director general, 41 scientific, learning, and policy papers will be presented, covering a wide spectrum of topics, from laboratory research to field implementation, and from policy insights to measurable innovations. These contributions, he noted, reflect a dynamic and expanding ecosystem of knowledge connecting ATI, universities, research centers, development organizations, and the private sector. The Director General emphasized that the conference outcomes will help build a clear roadmap toward an agricultural system that is adaptive, knowledge-driven, digital, climate-smart, inclusive, and globally competitive. “Transformation is not only about increasing production; it is about empowering people, strengthening institutions, and building modern systems that connect farmers to technologies, markets, finance, and opportunities,” he added. It is recalled that the first National Conference on Agricultural Transformation was held from May 11–12, 2023, under the theme “Enhancing ATI’s Contributions to Agricultural Transformation.” That conference aimed to document and disseminate the Institute’s decade-long experience in agricultural development and to enhance ATI’s visibility among government bodies, development partners, stakeholders, and the public where 20 scientific and development papers were presented.
Ethiopia, Saudi Arabia Strengthening Economic Ties, Says Trade and Regional Integration State Minister
Nov 19, 2025 486
Addis Ababa, November 18, 2025 (ENA) - "Ethiopia and Saudi Arabia are strengthening economic ties by focusing on investment, trade, and technology,'' Trade and Regional Integration State Minister Abdulhakim Mulu said. Speaking at the Ethiopia-Saudi Arabia Business Forum held at Marriott Hotel in Addis Ababa, he added that the three main sectors for collaboration are agriculture, manufacturing, and technology. According to him, the Ethiopian government is putting a strong emphasis on developing its agriculture, manufacturing, and technology sectors to diversify the economy and create a mutually beneficial trade corridor. "Over 200 Saudi companies currently operate in Ethiopia with potential for significant growth," noting the governments' commitment to regulatory improvements. The State Minster said the Ethiopian government is committed to regulatory improvements and creating a conducive environment for foreign investment. Ethio-Saudi Business Council Chairman, Abdullah Mohammed Al-Ajmi, said "this partnership signifies a new phase in strengthening economic cooperation, with the participation of more than 90 Saudi and 120 Ethiopian companies." He spoke about the current trade levels and future goals as the current trade volume indicates that there is significant room for expansion. "Objectives for developing cooperation include a target of increasing trade volume to 1.5 billion USD within the next year." Saudi Arabia's Charge d'affaires at the Embassy in Ethiopia, Salih Almogbil stated that he Ethiopian-Saudi Business Forum embodies the richness of the fraternal relationship between Ethiopia and Saudi Arabia. "This business forum serves as an essential platform for the exchange of expertise and the exploration of promising new opportunities that can benefit both nations," he added. The Charge d'affaires said this is evident in the notable growth in trade and investment that underscores the strong connections between the two countries. "Business owners and investors have been invited to delve into the various opportunities that the Kingdom offers, encouraging the discovery of new avenues for collaboration." Speaking to ENA on the sidelines of the Forum, Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) Board Member, Megabi Sireat Taye Leta said the main purpose of the occasion is to facilitate significant investment opportunities between Ethiopia and Saudi Arabia. “The primary concern is to actively encourage Saudi Arabian companies to consider Ethiopia as a viable destination for their investments,” he added. According to him, the previous forum laid the groundwork for future collaboration; "but now, we are witnessing a more substantial participation.” The number of companies from both countries was relatively modest at the last forum. However, this year "we are excited to have over 85 large companies from Saudi Arabia, alongside more than 120 significant Ethiopian companies coming together for the event.”
Ethiopia Strives to Become Global Leader in Pulses, Oilseeds Export Market: Ministry of Trade and Regional Integration
Nov 18, 2025 1962
Addis Ababa, November 18, 2025 (ENA) - Ethiopia has been undertaking key reforms to become the leading country in the export of pulses and oilseeds globally, Minister of Trade and Regional Integration, Kassahun Gofe said. The 14th International Pulses and Oilseeds Conference convened today under the theme “Strengthen Value Chains: Expanding Global Market” in Addis Ababa. During the conference, Trade and Regional Integration Minister Kassahun Gofe highlighted Ethiopia’s unwavering commitment to becoming a global leader in the export of pulses and oilseeds through various reforms.   The opening of markets to foreign investors, adoption of a market-driven exchange rate as well as a strong emphasis on agro-processing for value addition and job creation, among others, are the key reforms undertaken to maximize the untapped potential of the sector. He further cited the efforts being made for the development of a comprehensive trade regime, which includes trade policy, export development and promotion, as well as e-commerce strategy. Of the 8.3 billion USD national export earnings, pulses and oilseeds contributed over 610 million USD, accounting for 7.35 percent of the total export in the past fiscal year, he added. “We are committed to simplifying our trade system and enhancing the quality and quantity of export goods and ensure competitiveness,” he said, emphasizing the significance of the initiatives towards fostering a more robust and competitive market landscape in the country. He underlined that the importance of Ethiopia's accession to the World Trade Organization would profoundly transform its trade landscape, facilitating easier and more cost-effective entry for Ethiopian goods into the global markets. President of Ethiopia Pulses and Oilseeds Exporters Association (EPOSEA), Edao Abdi, said the conference played an important role in the transformation of global agrifood systems and opened the gate to stakeholders in sharing data and building coordination on a global stage.   He stressed the need to support the entry value chain from crop farming to export and thereby contributing to improving quality, sustainability, and traceability of the goods to enhance the competitiveness in quality and price in regional and international market competition. Board Chairman of the Alliance for a Green Revolution in Africa (AGRA) and former Ethiopian Prime Minister Hailemariam Dessalegn said pulses and oilseeds are emerging as strategic commodities essential for feeding a growing population sustainability while meeting the rising demand for healthier plant-based diets.   “The demand is rising across Asian, Europe, and the Middle East, projecting to grow from over 82 billion USD in 2025 to 143 billion USD by 2035. And this global trend is reflected in Africa, where oilseed and pulse crops are driving economic empowerment and improving livelihood.” He added that millions of smallholder farmers in Ethiopia are contributing to the country's economy by producing pulses and oilseeds accordingly. AGRA is working to unlock the potential of pulses and oil seeds in Ethiopia, expanding the market, raising farmers' income, and increasing domestic edible oil production from 2 percent today to 50 percent by 2028 in partnership with the government and the association, he stated. He underlined that the efforts being made by government institutions, the private sector, and civil society organizations to jointly promote the growth and transformation of the oilseeds and pulses value chain in Africa are commendable.
African States Building Regional Systems that Embody Shared Vision of Integrated Continent: ECA Executive Secretary
Nov 18, 2025 846
Addis Ababa, November 18, 2025 (ENA) - The United Nations Economic Commission for Africa (ECA) member states are implementing reforms and building regional systems that embody a shared vision of a resilient, integrated, and forward-looking Africa, the Executive Secretary Claver Gatete said today. The ECA has convened the 4th Session of the Committee on Private Sector Development, Regional Integration, Trade, Infrastructure, Industry and Technology (CPRTIIT-4) at its headquarters in Addis Ababa under the theme “Leveraging frontier technologies and innovation to advance regional integration for sustainable and inclusive growth”. Opening the two-day session, Gatete said ECA “member States are already deploying frontier technologies, implementing reforms and building regional systems that embody our shared vision of a resilient, integrated and forward-looking Africa.” According to him, innovation is accelerating integration, and Africa’s instant payment systems have grown by nearly 40 percent between 2019 and 2023, reducing transaction costs and bringing our markets closer together.   This mutually reinforcing relationship–integration fueling innovation and innovation accelerating integration is the opportunity before us, he added. The Executive Secretary stated that the session will demonstrate, from regional value chains to frontier tools, from energy systems to transport networks, the issues before us constitute the practical foundations of Africa’s future competitiveness. He further elaborated that global developments are being shaped by rapid technological shifts, rising geopolitical tensions, tightening financial conditions, and the intensifying impacts of climate change. These converging forces are reconfiguring the global economic terrain, often deepening vulnerabilities and widening inequalities as Africa finds itself squarely at the center of this transformation. But Africa also possesses assets that few regions can match, Gatete said, adding that it has the world’s youngest population, abundant renewable energy potential, rapidly expanding digital ecosystems and, critically, a continental market of 1.4 billion people under the AfCFTA. Across the continent, innovators are applying technology to Africa’s unique challenges: Mobile money transforming financial systems, drones delivering medicine to remote communities, and digital platforms driving new efficiencies in agriculture and commerce. For Gatete, a unified African market creates the demand volumes, investment incentives, and harmonized regulations required for frontier technologies to scale. The ECA Executive Secretary said that the Commission remains fully committed to providing actionable data, evidence-based policy insights, technical support, and close partnerships with the African Union, the Regional Economic Communities, the private sector and development partners. CPRTIIT Bureau outgoing Chair, Mamadjam Dinis Djalo, said Africa must make productivity enhancement through technology, skills, and innovation the centerpiece of our development strategies to achieve lasting prosperity.   Every innovation, every infrastructure investment, every trade opportunity, must translate into better livelihoods for Africans, especially for women, youth, and micro and small enterprises, he pointed out. He called for continuous strengthening of the partnership between governments, the private sector, and regional institutions. Djalo also stressed the need to invest more broadly in skills, research and innovation ecosystems that can turn Africa's potential into tangible results.
Agricultural Transformation Institute Launches Program that Benefits 6.5 Million Farmers
Nov 18, 2025 1017
Addis Ababa, November 18, 2025 (ENA) -- The Agricultural Transformation Institute (ATI), in collaboration with the Ministry of Agriculture, has launched the second phase of the Agricultural Commercialization Clusters Program that benefits more than 6.5 million farmers today. Named Agricultural Commercialization through Climate-Smart and Inclusive Innovations (ACCII), the event was attended by senior government officials, ambassadors, development partners, private sector representatives, and farmers. The original Agricultural Commercialization Clusters (ACC) program was initiated in 2019 to transform small-holder farming toward a more productive and market-oriented system. Over its five-year implementation, the ACC reached more than 4.4 million farmers, including 2.43 million organized into Farmer Production Clusters (FPCs) which strengthened collective marketing and improved access to services. Building on ACC successes, the ACCII program was launched today to scale agricultural transformation through climate-smart practices and market innovations, focusing on developing dynamic Farmer Production and Agribusiness Companies. Speaking at the event, Agriculture Minister Addisu Arega said ACCII is both timely and strategic, promoting climate-smart agriculture while strengthening market linkages and value addition.   "This program is a milestone towards modernizing our agriculture and enhancing the livelihoods of millions of farmers," he stated. Noting that agriculture remains the backbone of Ethiopia’s national economy, the Minister stressed the need for a modern agricultural approach to overcome systemic challenges, including climate variability and rising food prices. According to the Minister, ACCII is set to expand its reach to 6.5 million farmers across nine regional states, integrating nutrition, gender, and youth inclusion into its framework. It will also focus on building stronger institutions for monitoring and coordination. On his part, Ethiopian Agricultural Transformation Institute Director-General Mandefro Nigussie said that Agricultural Commercialization through Climate-Smart and Inclusive Innovations (ACCII) builds upon the previous ACCI initiative.   Several enhancements and key differences from the initiative include selection of additional strategic commodities alongside the original eleven. Also, the geographic coverage of ACCII has been expanded to reach more regions across the country, he added. In terms of financial model, ACCII will implement a co-investment model, enhancing support for primary change agents, including smallholder farmers and other stakeholders. Denmark's Ambassador to Ethiopia, Sune Krogstrup, hailed the launch of the Agricultural Commercialization through Climate-Smart and Inclusive Innovations (ACCII) as a significant milestone.   As a longstanding supporter of climate-smart agriculture in Ethiopia, Denmark is proud to witness the positive impact on the livelihoods of millions of farmers with notable improvements in productivity and income, he said. Emphasizing the achievements of the Agricultural Transformation Institute (ATI), which recently received FAO 2025 Award for its efforts, Ambassador Krogstrup expressed his country’s commitment to supporting Ethiopia's shift from smallholder farming to a more commercial and competitive agricultural sector. The Ambassador pointed out that Denmark is the first mover, trusted partner and major donor to ACCII, contributing approximately 79 million USD. The program is crucial to mainstream climate change initiatives, gender equality, and youth empowerment while transforming farmer production clusters into established agricultural companies, he underlined. ACCII would also address the challenges faced by refugees and internally displaced persons (IDPs) through a humanitarian development peace approach, targeting the integration of over 300,000 individuals and enhancing their resilience to climate change and socio-economic challenges.
Ethiopia Has Conducive Legal System to Promote Entrepreneurship, Says Minister of Labor and Skills
Nov 17, 2025 809
Addis Ababa, November 17, 2025 (ENA) - The reformist government of Ethiopia has created an opening for private businesses to be creative, promoting entrepreneurship all over Ethiopia, Africa, and beyond, Minister of Labor and Skills Muferiat Kamil stated. The minister made the remarks today while launching Global Entrepreneurship Week under the theme ‘Together We Build’ The event was co-organized by the ministry, the Entrepreneurship Development Institute (EDI) and MasterCard Foundation. Ethiopia is witnessing innovative group of entrepreneurs who have taken risks to start different businesses, often without help from the government, Muferiat Kamil emphasized. The minister recognized the Entrepreneurship Development Institute (EDI) for developing skills and providing support to new business owners throughout the country. "The story of EDI motivates new entrepreneurs to create successful companies from nothing, showing that you don’t always need government funding to be successful," the minister added. She mentioned that TVET schools are now serving six million young students, teaching them important skills needed for starting their own businesses. Muferiat stressed that Ethiopia's development plan and strategies aim to help young people become the next generation of business leaders. Banks provides finance to young entrepreneurs without needing collateral, only looking at the quality of their business ideas, the minister added. The financial scheme offers fresh opportunities and turns problems into successes for Ethiopia’s young people, she stressed. In a video message, Jonathan Ortmans, President of the Global Entrepreneurship Network highlighted how entrepreneurship brings the world together. “In 2025, we unite to celebrate the entrepreneurial spirit with the theme ‘Together We Build,’ he said. Entrepreneurs act like new diplomats, linking communities and addressing shared challenges globally, he said “If you have an idea and want to make a difference, Global Entrepreneurship Week invites you to get involved and take risks,” Ortmans encouraged. Hassen Hussein, the CEO of EDI, pointed out how entrepreneurship can lead to sustainable solutions and help dreams become real. “There’s no replacement for the creative spirit that entrepreneurs have,” Hussein said. He noted that entrepreneurs learn from their mistakes and continuously aim for bigger goals. “The changes in the Ethiopian government’s laws promote creativity and enable young people to create a successful future,” Hussein stated. The event shows Ethiopia’s dedication to turning the enthusiasm of its youth into vibrant, long-lasting business opportunities throughout the country, it was learnt.
Ethiopian Airlines Commits to Order 11 Boeing 737 MAX Aircraft
Nov 17, 2025 797
Addis Ababa, November 17, 2025 (ENA) - Ethiopian Airlines has committed to purchasing 11 additional Boeing 737 MAX jets, the companies announced during the Dubai Airshow. In a statement, the airline said the order, covering 11 Boeing 737-8 aircraft, will support its plans to expand regional and international networks and strengthen its Addis Ababa hub. “We are thrilled to be announcing our agreement with Boeing for an additional 11 B737-8 airplanes during the Dubai Airshow,” said Ethiopian Airlines Group CEO Mesfin Tasew. He noted that the new jets will help advance the airline’s long-term strategic growth plans. “We are pleased that our partnership with Boeing continues to deepen, and we look forward to flying Boeing aircraft for years to come while offering our customers high-performance airplanes with superior comfort.” Ethiopian Airlines currently deploys the 737 MAX across Africa, the Middle East, India, and Southern Europe, markets that require high efficiency, quick turnarounds, and frequent service. “Ethiopian Airlines’ commitment to expanding its 737 MAX fleet underscores its leadership in Africa,” said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing. “This agreement also strengthens our nearly 80-year partnership with the airline and the region. We are proud that our efficient and versatile airplanes will continue to support Ethiopian Airlines’ growth as it further connects Africa with the world,” McMullen added. The carrier operates the largest Boeing fleet in Africa and holds the continent’s largest backlog of 737 MAX, 777X, and 787 Dreamliner aircraft. Boeing said it remains focused on innovation, sustainability, and global economic opportunity, while upholding its core values of safety, quality, and integrity.  
Nuclear Power Crucial for Ethiopia to Diversify Energy Sources, Says Russian Ambassador
Nov 17, 2025 869
Addis Ababa, November 17, 2025 (ENA) -- Ethiopia’s plan to establish a nuclear power plant marks a crucial step toward diversifying its energy sources and expanding access to electricity across the country, Russian Ambassador to Ethiopia Evgeny Terekhin said. In an exclusive interview with ENA, Ambassador Terekhin commended Ethiopia’s ongoing efforts to broaden its energy portfolio. He praised the inauguration of the Grand Ethiopian Renaissance Dam (GERD) and the commitment of the government to enhancing energy diversification through the development of nuclear power. According to the ambassador, this approach is essential for meeting the nation’s growing energy needs and supporting long-term sustainable development. Terekhin described the GERD as an “incredible achievement” and a testament to the dedication and resilience of the Ethiopian people. He stressed the importance of expanding and diversifying energy sources, emphasizing that nuclear power offers a significant opportunity to harness new forms of energy for the country’s overall development. “If we want to move forward, we need to develop more and more energy power sources. Nuclear power plants give us such an opportunity to develop new sources of energy for all kinds of developments,” he stated. The ambassador noted that Ethiopia and Russia continue to deepen their cooperation across various sectors, including technology, and one of the major components of this partnership is the development of nuclear energy. "I should first of all mention our cooperation in the development of the nuclear energy sphere. We have had several agreements which provide us with a possibility to develop our cooperation in such a modern sphere as nuclear energy,” Terekhin explained. He underscored that the establishment of several agreements in the nuclear sector is vital for the future of both nations. The ambassador also highlighted the recent meeting between Prime Minister Abiy Ahmed and President Vladimir Putin during Russian Atomic Week in Moscow, where a significant milestone was achieved with the adoption of an action plan for constructing a nuclear power plant in Ethiopia. The development of a nuclear power plant is among the strategic mega-projects recently announced by Prime Minister Abiy Ahmed.
Ethiopia, Italy Vow to Deepen Long-standing Bilateral Partnership
Nov 17, 2025 792
Addis Ababa, November 17, 2025 (ENA) -- Ethiopia and Italy have reaffirmed their commitment to further strengthen their long-standing bilateral partnership, ahead of the upcoming 2026–2028 cooperation agreement, which both sides say will mark a new milestone built on decades of collaboration. State Minister of Finance Semereta Sewasew met today with Italy’s newly appointed Ambassador to Ethiopia, Sem Fabrizi, to begin preparations for the new cooperation framework and explore opportunities to deepen ties. According to the Ministry of Finance, the discussion underscored shared ambitions to drive economic growth, attract investment, and advance sustainable development in both countries. The leaders focused on five key areas: addressing structural constraints, enhancing security, boosting trade and Foreign Direct Investment (FDI), accelerating economic reforms, and strengthening economic cooperation. Ethiopia’s ongoing economic reforms and market opening offer significant opportunities for strategic partnerships, she stated, emphasizing the importance of innovative financing mechanisms, such as blended finance and public-private partnerships (PPPs), to ensure long-term, sustainable business engagement.   Ambassador Fabrizi, for his part, reaffirmed Italy’s commitment as a trusted partner and expressed strong support for the upcoming cooperation agreement. Both officials reflected on the successful portfolio of existing initiatives and discussed priorities for 2026-2028, including agriculture and food security, support for small and medium-sized enterprises (SMEs) and entrepreneurship, vocational skills development, infrastructure programs, energy, tourism, and cultural programs. The agreement will mark a new milestone in Ethiopia-Italy relations, reinforcing a shared vision for sustainable economic growth, investment, trade, and development. The agreement is expected to unlock new opportunities for both nations while building on the strong foundations of trust and collaboration, it was indicated.
Ethiopia's Mining Sector Offers Promise for Both Local, Global Investors: Mining Minister
Nov 16, 2025 1750
Addis Ababa, November 16, 2025 (EMA)—Ethiopia’s mining sector presents significant opportunities for both local and international investors, according to Mining Minister Habtamu Tegegne. The three-day MINTEX Ethiopia 2025 Expo has been held at Addis International Convention Center. In an exclusive interview with ENA, Minister Habtamu stated that the expo was highly productive, enabling Ethiopia to effectively showcase its substantial mining potential to prospective investors. He noted that valuable international insights were shared through panel discussions and research presentations delivered by scholars and global mining institutions. According to the Minister, recent macroeconomic reforms have sparked a marked rise in interest from both domestic and foreign companies seeking to invest in Ethiopia’s mining sector. International financial institutions, he added, are demonstrating strong readiness to finance and support these companies. Habtamu highlighted the recent agreement by the Trade and Development Bank (TDB) and the Africa Finance Corporation (AFC) to provide major financing to Tulu Kapi Goldmine SC, describing it as a vote of confidence in the sector’s productivity potential. He added that the agreement is expected to build trust among other financial institutions considering investment sponsorship and financing in the country’s growing mining industry. “In this respect, mining has become a promising sector in which to do business—not only for Ethiopians, but also for international companies,” the Minister emphasized. Harry Anagnostaras-Adams, Chairman of Tulu Kapi Goldmine Share Company, likewise underscored Ethiopia’s vast mining potential. He disclosed that his company’s gold mining project in Ethiopia is on track to be fully developed before Christmas. He further stated that TDB and AFC have approved 70 percent of the capital required for the project. The Chairman confirmed that all stakeholders, including banks and international shareholders, have given the green light to proceed. “Today marks a pivotal moment, as I announce that the banks providing 70 percent of the capital for this development have given their approval,” Anagnostaras-Adams said, adding that the company has already received sufficient offers to secure the remaining 30 percent. “So we’re just going to take a week to maximize local participation, and then we will complete the remaining financing with our international investors and shareholders. This marks the financing as complete, and all stakeholders, the banks and our international shareholders have instructed us to proceed. The project will be in full development before Christmas.”
Ethiopia Intensifies Diplomatic Engagement to Build Awareness for Sea Access Quest: Ambassadors
Nov 16, 2025 1770
Addis Ababa, November 16, 2025 (EMA)—Ethiopian ambassadors stationed in different countries emphasized that the government is intensifying its diplomatic engagement to raise international awareness about the country’s pursuit of secure and sustainable access to the sea. This issue, the ambassadors noted, has re-emerged as a major national priority amid shifting regional dynamics in the Horn of Africa. Rashid Mohammed, Ethiopia’s Ambassador to Zimbabwe and representative to Mauritius, Zambia, and COMESA, stated that the country’s loss of sea access resulted from what he described as an “unjust political decision and conspiracy”. He argued that for a country with Ethiopia’s population size and economic potential, remaining permanently landlocked is neither sustainable nor aligned with international norms that support equitable access to global trade routes. Ambassador Rashid further emphasized that Ethiopia’s current pursuit of Red Sea access aims to foster mutual economic integration, shared prosperity, and regional stability in the Horn of Africa, where issues related to security, energy, and trade remain deeply interlinked. Similarly, Sied Muhumed, Ethiopia’s Ambassador to Kuwait, echoed these views, stressing that sea access is a matter of “national survival” tied to fair utilization of regional resources. To this end, he explained, diplomatic missions are working to mobilize Ethiopians abroad to help raise international understanding of Ethiopia’s position through all available platforms, including traditional diplomacy, public diplomacy, and digital outreach. He further underscored that Ethiopia’s request is grounded in internationally recognized diplomatic principles, particularly those that encourage negotiated arrangements enabling countries to secure access to the sea. Ethiopia’s Ambassador to the United Kingdom, Biruk Mekonnen, likewise highlighted the influential role the Ethiopian diaspora has played in past national issues, most notably during international debates over the Grand Ethiopian Renaissance Dam (GERD). In his view, similar levels of engagement are now essential to clearly communicate Ethiopia’s stance on sea access to global stakeholders, policymakers, and media outlets. Adding to this, Melaku Zeleke, a diplomat responsible for diaspora affairs at the Ethiopian Embassy in South Africa, stated that Ethiopia’s loss of access to the Red Sea stemmed from “illegal actions and misguided policies”. He urged the diaspora communities to replicate their previous advocacy efforts, emphasizing that Ethiopians abroad continue to play a vital role in shaping international narratives about the country.
Italy Plans Huge Investment in Ethiopia, Says Italian Trade Commissioner Pasqualucci
Nov 15, 2025 1210
Addis Ababa, November 15, 2025 (ENA) - Italy has a huge investment plan to invest in Ethiopia where the Government of Ethiopia is creating a friendly investment environment, Italy's Trade Commissioner at the Embassy in Addis Ababa told ENA. In an exclusive interview with ENA, Italian Trade Commissioner Claudio Pasqualucci said the bilateral trade between Italy and Ethiopia is very low even if they are two big countries with long lasting traditions and very close relations. “As we speak now, in November, 2025, the bilateral trade is very low, considering the opportunities and the potential within the two countries,” he stated. However, “our goal is to increase our volume of export and also increase certain strategic imports from Ethiopia to Italy.” Stating that coffee and other critical materials within the mining industry are among the priorities, the Commissioner said the bilateral goal is to increase commercial and trade relationships. “I think we are on a good path, but again, it doesn't happen tomorrow. We need to take some time. But I think that we are really going very well.” Citing that discussions have been held with the Ethiopian authorities to boost Italian investments here, Pasqualucci affirmed that Italy has a huge investment plan in Ethiopia. According to Trade Commissioner, Ethiopia is the first country in Italy's huge investment plan and endeavors are already being carried out to develop some industrial parks, to have the possibility for Italian companies to enter and produce in joint ventures with local partners. For example, “there is a big project on social housing. They (the investors) were discussing where Italian companies can work with local companies. So, I think it is a path. But it started very well.” Regarding the future prospects of the two countries, Pasqualucci said the prospects of the two countries are very good, but there is a need to improve the bilateral trade relations. By undertaking a comprehensive and bold Homegrown Economic Reform Agenda with the view to transforming its economy, Ethiopia has become one of Africa's largest and fastest-growing economies. Significant achievements of its recent macroeconomic reforms include increased economic growth, record export revenues, and declining inflation. The reform has resulted in several tangible achievements, including strong GDP growth, significant job creation, and improved foreign exchange earnings, among others.
Ethiopian News Agency
2023