Addis Ababa, October 12, 2026 (ENA) —Governor of the National Bank of Ethiopia (NBE) Eyob Tekalign has held talks with Zeine Zeidane, Director of the African Department at the International Monetary Fund (IMF), on strengthening macroeconomic stability and advancing sustainable and inclusive economic growth in Ethiopia. The bilateral meeting took place on the sidelines of the 2026 IMF–World Bank Group Annual Meetings in Bangkok, providing an opportunity to review Ethiopia’s macroeconomic reform agenda and explore ways to further strengthen cooperation with the international financial institution.   In its press release sent to ENA, NBE noted that the discussions focused on progress in implementing Ethiopia’s economic reforms, recent economic developments and priorities for sustaining the reform momentum. The two sides also exchanged perspectives on strengthening macroeconomic stability and creating favorable conditions for sustainable and inclusive growth.   The engagement underscores Ethiopia’s continued dialogue with the IMF as the country advances its macroeconomic reform efforts and seeks to reinforce economic stability and long-term development prospects, it was learned.

Addis Ababa, October 12, 2026 (ENA) —The Ethiopian delegation met with Dr. Ndiamé Diop, World Bank Vice President, to review the strong partnership between Ethiopia and the World Bank and to set priorities for the next phase of cooperation. According to the social media post by the National Bank of Ethiopia, Discussions centered on the new Country Partnership Framework. Priority areas included sustaining macroeconomic stability, growing a competitive private sector and exports, modernizing agriculture with climate-smart value chains, expanding sustainable infrastructure and regional energy integration, and strengthening human development and social protection.   The delegation also sought continued technical support for COP32 preparations and faster implementation across the portfolio.   Both sides reaffirmed their commitment to working closely together to deliver tangible results for the Ethiopian people.

Addis Ababa, October 12, 2026 (ENA) — An Ethiopian delegation led by National Bank of Ethiopia (NBE), Governor Dr. Eyob Tekalign has arrived in Bangkok, Thailand, to participate in the 2026 Annual Meetings of the International Monetary Fund and the World Bank Group, opening opportunities to advance Ethiopia’s economic priorities and strengthen international development partnerships. The delegation, which includes State Minister of Finance Tiguist Fisseha, has begun its engagements at the high-level gathering, bringing Ethiopia’s economic priorities to a global platform for dialogue with international financial institutions, development partners and policymakers. In its press release sent to ENA, NBE said Annual Meetings serve as a key forum for discussing the global economic outlook, financial stability, development financing and policy responses to emerging economic challenges.   They also provide an opportunity for participating countries to exchange experiences, explore areas of cooperation and mobilize support for sustainable economic development. For Ethiopia, the meetings offer an important opportunity to deepen engagement with international financial institutions, reinforce development partnerships and exchange perspectives on global economic trends affecting national and regional economies. The Ethiopian delegation’s participation comes amid the country’s continued efforts to advance economic transformation, strengthen macroeconomic stability and expand international cooperation in support of its development ambitions.   Through its engagements in Bangkok, Ethiopia seeks to strengthen dialogue with global financial and development partners while positioning its economic priorities within broader discussions on international economic cooperation and sustainable growth, it was learned.

By Staff Writer From a renewed five-year political mandate and a reconstituted cabinet to strategic partnerships across Africa and Asia and major development milestones, Ethiopia’s October 4–10 week set the tone for a new chapter of governance, transformation and global engagement. Ethiopia closed a consequential week of political transition, institutional renewal and high-level diplomacy, laying the groundwork for a new five-year chapter under the Medemer Government. The reappointment of Prime Minister Abiy Ahmed, parliamentary endorsement of a renewed federal cabinet, expanding international partnerships and major economic initiatives collectively underscored the country’s ambitions to accelerate national transformation and strengthen its regional and global standing.   The week’s political momentum began with the opening of the new parliamentary year, setting the direction for the next phase of the Medemer Government. President Taye Atske Selassie’s address emphasized national unity, lasting peace, economic consolidation and institutional resilience as Ethiopia seeks to advance its development agenda and safeguard its sovereignty. A defining milestone was the swearing-in of Prime Minister Abiy Ahmed for a new five-year term, establishing the political foundation for the incoming administration. Parliament subsequently endorsed the new federal cabinet, marking a critical step toward translating the government’s mandate into policies, institutional reforms and tangible development outcomes. In its first regular session of the seventh parliamentary term, the House of Peoples’ Representatives endorsed the appointment of 22 federal cabinet ministers nominated by Prime Minister Abiy Ahmed. The selection process considered educational qualifications, professional experience and demonstrated implementation capacity, alongside the importance of gender, ethnic and religious diversity. The appointments are intended to strengthen public service delivery and advance national interests in line with the expectations of citizens who participated in the June 1 General Election, in which more than 54 million people were registered to vote.   Diplomacy, meanwhile, emerged as a defining force in Ethiopia’s engagement with the wider world. Prime Minister Abiy’s talks with Nigerian Vice President Kashim Shettima in Addis Ababa highlighted the potential to deepen cooperation between two of Africa’s major political and economic players. Discussions explored opportunities in trade, investment and continental integration, reinforcing the importance of stronger African partnerships in unlocking shared prosperity and advancing the continent’s development aspirations.   Ethiopia’s engagement with India added another strategic dimension to the week. In his meeting with Indian External Affairs Minister Dr. S. Jaishankar, Prime Minister Abiy explored avenues for expanding bilateral cooperation in trade, higher education, cultural exchange and digital transformation. The discussions reflected the longstanding relationship between the two countries and their shared interest in opening new frontiers of strategic cooperation.   At the same time, Ethiopia’s pursuit of reliable and sovereign access to the sea remained prominent in the national conversation. Former Speaker of the House of Peoples’ Representatives Abadula Gemeda reaffirmed the country’s determination to advance its strategic interests, underscoring the importance of maritime access to Ethiopia’s economic future, regional connectivity and geopolitical aspirations. Water diplomacy also featured prominently. Water and Energy Minister Habtamu Itefa highlighted Ethiopia’s efforts to assess the economic costs and lost development opportunities associated with obstacles to Nile-related projects. The initiative brought renewed attention to Ethiopia’s pursuit of equitable water utilization and its determination to advance development projects that serve its population while supporting regional cooperation. Economic transformation gained further momentum with a major step in mineral value addition. The inauguration of a National Precious Metals Refinery at the Bole Lemi Special Economic Zone marked progress toward expanding domestic mineral processing, retaining more value within the national economy and strengthening foreign-exchange earnings. By developing its capacity to refine precious metals domestically, Ethiopia is pursuing a broader industrial ambition: moving beyond raw-material exports toward higher-value production, investment and job creation.   Environmental sustainability offered another important highlight. International forestry specialists and United Nations experts commended Ethiopia’s Green Legacy Initiative for its contribution to ecological restoration and climate resilience. The initiative continues to reinforce Ethiopia’s ambition to align economic development with environmental protection while advancing its wider climate and sustainability commitments. Peacebuilding and humanitarian response remained equally important to the national agenda. The National Rehabilitation Commission called on remaining armed militants in Tigray to surrender their weapons and join the rehabilitation and demobilization process, highlighting the continuing importance of peacebuilding and reintegration. Meanwhile, the federal government continued emergency assistance to communities affected by recent climate-related challenges, reflecting the need to combine long-term development with timely responses to humanitarian needs. Preparations to observe the Seventh National Cybersecurity Month and the 19th National Flag Day further highlighted the importance of digital security, national identity and consensus-building as Ethiopia navigates an increasingly complex domestic and international environment. Taken together, the developments of October 4–10 reveal a government beginning its new term amid high public expectations, significant economic ambitions and a demanding regional geopolitical landscape. Cabinet renewal and institutional reform are central to the domestic agenda, while engagement with Nigeria and India demonstrates Ethiopia’s continuing efforts to diversify partnerships and expand its diplomatic reach.   The broader challenge will be to translate political commitments and diplomatic momentum into measurable improvements in citizens’ lives, stronger institutions, sustainable economic growth and lasting peace. As the Medemer Government begins its five-year journey, Ethiopia’s direction will be shaped not only by its pursuit of sovereignty and international influence, but also by its capacity to deliver inclusive development and turn national ambitions into tangible results.

Addis Ababa, October 11, 2026 (ENA) —Saudi Arabia’s Ambassador to Ethiopia, Abdullah bin Hassan Al-Zahrani, has affirmed that Ethiopian-Saudi relations are continuously advancing across political, economic, investment, and tourism sectors, highlighting that the Kingdom ranked first globally in imports from Ethiopia in 2025. In an exclusive interview with ENA, he explained that the commitment of the countries’ leaderships to developing bilateral relations, coupled with increased reciprocal visits by officials, has helped advance cooperation and opened new horizons for partnership. The Ambassador noted that recent months have witnessed increased momentum in reciprocal visits between Riyadh and Addis Ababa, alongside efforts to conclude economic and investment agreements that would deliver mutual benefits to both countries and their peoples. According to him, the economy, education, health, and tourism are promising areas of cooperation. As part of efforts to boost trade and investment, Ambassador Al-Zahrani underscored the important role played by the two countries’ embassies in promoting commercial partnerships. He also highlighted the establishment of the Saudi-Ethiopian Business Council, which brings together private-sector representatives, businesspeople, and stakeholders interested in investment opportunities in both countries. The council had held several meetings in recent months, expressing hope that another meeting would be convened soon to continue exploring investment opportunities and strengthening cooperation between the Saudi and Ethiopian business communities. Regarding bilateral trade, the Ambassador stated that Saudi Arabia ranked first globally in imports from Ethiopia in 2025, with the value of its imports from Ethiopia reaching approximately two billion Saudi riyals. He explained that Ethiopian coffee accounted for around 80 percent of Ethiopia’s total exports to Saudi Arabia, while Saudi exports to Ethiopia amounted to approximately 184 million Saudi riyals.   Both sides aspire to increase bilateral trade and capitalize on available potential to achieve higher levels of economic cooperation, Ambassador Al-Zahrani said, adding that “we aspire to see figures exceeding nine zeros; and I believe the potential is there.” Speaking about investment opportunities, he described Ethiopia as a destination rich in economic potential and diverse natural resources. “Ethiopia is an undiscovered treasure, and opportunities are ripe for all businesspeople to come and invest in the country,” he said. He pointed to mining, agriculture, and tourism as promising investment sectors, alongside Ethiopia’s water resources, emphasizing that the diversity of these resources offers opportunities to develop new economic and development projects. Ambassador Al-Zahrani added that Saudi Arabia possesses the financial resources and technical expertise needed to help capitalize on these opportunities, thereby advancing shared interests and opening broader avenues for cooperation between the public and private sectors. He affirmed that Ethiopia has the potential to become a major destination for Saudi investment in Africa and the wider region, given its diverse resources and extensive opportunities across productive and service sectors. The Ambassador concluded by stressing the importance of maintaining coordination between the two sides and translating available investment opportunities into tangible projects, contributing to increased bilateral trade, stronger economic partnership, and deeper Saudi-Ethiopian relations in the coming years.

Addis Ababa, October 11, 2026 (ENA) — The resumption of Ethiopian Airlines’ commercial flights between Addis Ababa and Mekelle has brought relief to stranded passengers and renewed hope for families, businesses, and communities seeking a return to normal life in Tigray region. The service resumed on October 11 following a two-week suspension, restoring a vital air link between Mekelle, the regional capital, and the rest of the country. Passengers arriving at Alula Aba Nega International Airport welcomed the resumption as more than a return to air travel, describing it as an important step toward reconnecting communities. They described the resumption as a vital step toward reuniting families, revitalizing business activities, and improving access to essential goods and medical supplies. As ENA reported from the scene, passengers also emphasized that sustaining peace and restoring essential services are critical to ensuring that the renewed connectivity translates into lasting improvements in people's lives. Ashenafi Solomon, one of the passengers on the first flight, expressed relief at finally returning to Mekelle after being stranded in Addis Ababa during the suspension. “I feel very happy. I had traveled to Mekelle for work, but when the flights were unexpectedly canceled, I was deeply disappointed. Now that flights have resumed amid relative peace, I was able to travel on the first flight,” he said. Solomon noted that the interruption had compounded difficulties for residents, particularly by disrupting transportation, trade, and access to essential goods and medicines. He urged the federal government and other stakeholders to consolidate peace and ensure the uninterrupted delivery of medical supplies and humanitarian assistance to communities in need. “The people of Tigray have suffered greatly. Trade and access to medicine have been disrupted, and many people continue to face serious difficulties. We want peace to be strengthened and sustained so that essential supplies and assistance can reach those who need them,” he said. Beyond the immediate relief brought by the restored air link, Solomon underscored the human cost of continued conflict and the urgent need for lasting peace. “We have suffered enough. Families are losing their sons in this fratricidal conflict. We want lasting peace so that the people of Tigray can live in peace and rebuild their lives,” he said, expressing hope for stability across the country. Another passenger, Natnael Solomon, also welcomed the resumption, describing it as an encouraging development for a region whose people need peace and opportunities to rebuild their lives. “The benefits of this flight are clear. The people of Tigray are peace-loving and need peace. We are happy that the service has resumed, and we hope that conditions will continue to improve, normal activities will be restored, and progress will be sustained,” he said. For Natnael, the return of flights also carries a deeply personal significance, allowing people to reunite with loved ones and resume interrupted activities. “We are going to meet our relatives and resume our work. I am very happy, and it is difficult to express how I feel,” he said. He called on both the government and the public to contribute to sustaining peace and building on the progress made toward restoring normal life. Hadera, another passenger who had been stranded in Addis Ababa during the suspension, similarly welcomed the return of Ethiopian Airlines services to Mekelle. “I am very happy that Ethiopian Airlines flights have resumed to Mekelle. I was stuck in Addis Ababa because of the suspension. We all need peace, and we want that peace to be sustained,” he said. The restoration of commercial flights marks a significant step toward reestablishing vital transportation links to Tigray, with implications extending beyond passenger travel to trade, humanitarian operations, access to healthcare, and regional economic activity. However, passengers stressed that the benefits of restored connectivity will depend on sustained peace, reliable essential services, and improved access to supplies for communities affected by disruptions. Flights to Axum and Shire are also expected to resume soon, potentially extending the renewed air connectivity to other parts of Tigray and supporting the movement of people and goods. For passengers returning to Mekelle, the resumption represents both a practical relief and a renewed hope that peace, connectivity, and normal life can be restored and sustained across the region.

Addis Ababa, October 11, 2026 (ENA)—Ethiopian Airlines has resumed regular flights between Addis Ababa and Mekelle as of October 11, restoring a vital air link to the capital of the Tigray region and opening new opportunities for travel, trade and family reunions. The resumption has been welcomed by Mekelle residents, who expressed happiness and optimism, describing the return of flights as an important step toward reconnecting the city with the rest of the country. The restored service is expected to ease travel, reunite families, facilitate business activities and strengthen social and economic ties between Mekelle and the national capital. The resumption also marks a significant step toward improving regional connectivity, making travel more accessible for residents, businesspeople and other passengers while supporting the movement of people and goods. Meanwhile, flights to Axum and Shire are also expected to resume soon, a development that would further expand air connectivity across Tigray and facilitate the region’s broader social and economic recovery.

Addis Ababa, October 10, 2026 (ENA)—The National Precious Metals Refinery inaugurated today will significantly improve Ethiopia’s foreign trade balance by enabling the country to add value to its mineral resources, Prime Minister Abiy Ahmed said. The refinery is a state-of-the-art facility with an annual capacity to process over 600 tonnes of precious metals. Speaking at the inauguration ceremony, the PM said Ethiopia aims to gradually end the practice of exporting raw materials and importing finished products, a key objective of the government’s Medemer strategy. The coming years will see Ethiopia processes its natural resources domestically, create more jobs and earn greater foreign exchange from its exports.   “As we clearly stated in the grand strategy of Medemer, the primary objective is to gradually reduce and replace the practice of exporting raw materials and importing finished goods,” he said. The Prime Minister noted that Ethiopia and other African countries have long exported raw materials at relatively low prices, only to import finished products made from those materials at significantly higher prices. Citing coffee as an example, Prime Minister Abiy said coffee sold for eight US dollars in Addis Ababa could fetch more than 30 USD after being processed, packaged and marketed internationally, arguing that the price difference demonstrates how much value-producing countries lose when they export commodities without processing them. The same principle applies to gold, he noted, adding that Ethiopia exported gold worth 5.6 USD last year. The country could have generated significantly higher earnings if it had possessed sufficient refining capacity to process the gold domestically, he elaborated. The Premier further noted that raw gold also contains other valuable minerals, including silver, which may be discarded as waste when the material is processed without adequate refining technology.   The new refinery will help Ethiopia recover such valuable by-products, improve the quality and value of its gold exports, and capture a greater share of the revenue generated from its mineral resources. The Prime Minister noted that the facility is a major step toward strengthening Ethiopia’s position in the regional and international precious metals market. The refinery has substantial processing capacity and could attract gold from other countries, creating additional commercial opportunities and supporting the development of a broader precious metals trading network. He further stated that the facility could enable annual exports worth up to 80 billion US dollars if sufficient volumes of gold were collected and processed, presenting the figure as a potential export capacity linked to the availability of gold supplies. PM Abiy also highlighted the importance of domestic ownership and strategic investment in the project, saying that Ethiopia holds a 51-percent stake in the refinery, while its international partner owns the remaining 49 percent.   Accordingly, the partnership is intended not only to establish refining capacity but also to strengthen Ethiopia’s participation in the international precious metals market and expand its role in the mining sector. Ethiopia’s strategic investments are being extended to different areas of the economy, including mining and pipeline infrastructure, with the aim of ensuring that the country benefits more directly from its natural resources. The Prime Minister also emphasized the importance of developing local expertise, noting Ethiopian professionals are increasingly taking responsibility for operating and managing major industrial facilities. Recall that, Ethiopia had exported raw gold for decades without having sufficient domestic capacity to refine it to international standards. Establishing such capacity would allow the country to improve the quality of its exports and strengthen its ability to manage gold as a financial asset.   The refinery represents an important step toward addressing longstanding structural weaknesses in Ethiopia’s export economy, the Premier noted. He further underscored the government’s efforts to establish processing industries are intended to support Ethiopia’s economic transformation and contribute to its ambition of becoming a prosperous country and a leading economic force in Africa. Finally, the Prime Minister congratulated those involved in establishing the refinery, calling on Ethiopians to take pride in the nation’s efforts to expand domestic industrial capacity and maximize the benefits of its natural resources.

Addis Ababa, October 10, 2026 (ENA)—The ongoing structural shift in Ethiopia’s economic policy landscape is creating unprecedented opportunities for regional and international investment, Peter Ashade, Chief Executive Officer of United Capital Group PLC, said. In an exclusive interview with ENA, Ashade lauded the Ethiopian government’s decisive policy direction, emphasizing that deliberately opening the economy to foreign investors marks a monumental milestone for the nation's financial sector development. United Capital Group has recently received its official regulatory license to establish operations and deliver investment banking and financial services within Ethiopia, positioning the firm as a prominent participant in the country's evolving financial market. “It is quite very exciting coming to Ethiopia. I must say that Ethiopia has achieved a significant milestone in opening the economy for foreign investors,” Ashade underscored. Highlighting the core pillars of the national reform agenda, the Group CEO described the establishment of crucial capital market infrastructure, most notably the licensing of the Ethiopian Securities Exchange (ESX), as a true game-changer for the country's economic empowerment. “The establishment of the capital market infrastructure and the licensing of Ethiopia Securities Exchange is a real game changer,” he elaborated.   "Capital markets play a very pivotal role in achieving significant economic development," Ashade noted, drawing parallels to regional benchmarks where deep capital markets have successfully catalyzed multi-billion-dollar industrial and infrastructure mobilizations. Ashade also praised the recent maturation of Ethiopia's macroeconomic and regulatory frameworks, underscoring that the transition toward a market-determined foreign exchange regime has fundamentally transformed the investment climate. He noted that predictable policy frameworks, coupled with government-backed profit repatriation guarantees, provide international institutional investors with the essential assurance required to deploy long-term capital. Commending the Ethiopian government for its strong political will and bold reform trajectory, Ashade highlighted that the country has achieved a significant milestone in opening up its economy to foreign direct investment. Drawing parallels from regional markets such as Nigeria, where capital market depth has enabled multi-billion-dollar corporate mobilizations, he emphasized that a thriving capital market plays a pivotal role in accelerating national economic growth. Furthermore, Ashade welcomed the National Bank of Ethiopia's ongoing regulatory alignment with international benchmarks, noting that these disciplined steps signal a focused, determined environment that international investors can confidently engage with. As Ethiopia continues to deepen its market liberalization policies, financial sector leaders view the nation as one of Africa’s most promising growth frontiers, primed to harness private sector dynamism for sustained national transformation.

By Yordanos D.   October 10, 2026 (ENA) For generations, Abay (Blue Nile) has been treated primarily as a dispute over water. For Ethiopia, however, the river represents something much larger: a question of development, sovereignty and the right of a nation to transform its natural resources into a better future for its people. Most importantly, the country considers such development on Abay would accelerate regional integration in the region and beyond. In a country confronting persistent food insecurity, expanding energy demand, rapid population growth, industrialization pressures and the effects of climate variability, the ability to store and use water is inseparable from the ability to generate electricity, irrigate farmland, produce food, create jobs and build a productive economy. This broader perspective is essential to understanding Ethiopia’s long and often difficult engagement with the Nile. The dispute did not begin with the Grand Ethiopian Renaissance Dam (GERD). It is rooted in a much older regional order shaped by colonial-era arrangements, unequal political influence and competing interpretations of rights over the river. Ethiopia was not a party to the 1929 Anglo-Egyptian Nile arrangement or the 1959 Egypt-Sudan agreement, yet the legacy of these agreements has continued to influence political arguments over the use of the Nile. The central question has therefore never been simply how much water Ethiopia should use, but whether historical arrangements can continue to constrain the development choices of an upstream country whose economic and social needs have changed fundamentally. The struggle has also had a financial dimension. Development can be constrained not only by physical obstruction but by the political environment surrounding finance, investment and international institutions. Ethiopia’s experience with major water infrastructure has repeatedly demonstrated the difficulty of converting technical potential into completed development projects when financing becomes entangled with geopolitics. The GERD consequently acquired significance far beyond its engineering dimensions. It became a test of whether Ethiopia could mobilize its own people, institutions and financial resources to undertake a strategic national project when access to conventional external financing was politically complicated. The completion of the GERD has changed that equation, but it has not ended the larger development challenge. Ethiopia still requires additional water infrastructure to address electricity shortages, expand irrigation, strengthen food security, manage floods and droughts, support industrialization and create the conditions for sustained economic growth. The question now is how the country can move from one landmark project to a broader, financially sustainable and environmentally responsible water development strategy while maintaining cooperation with downstream states. At the same time, the Nile question has become increasingly intertwined with the geopolitics of the Horn of Africa. Ethiopia’s growing economic capacity, its expanding electricity exports, its pursuit of regional integration and its efforts to secure reliable and mutually beneficial access to the Red Sea have altered the strategic calculations of neighboring states and external powers. This must therefore be understood within a wider contest over development, economic influence and regional order. This does not make confrontation inevitable. On the contrary, Ethiopia’s strongest long-term position lies in combining development with diplomacy. Equitable and reasonable utilization of shared water resources can provide a foundation for cooperation if all basin countries recognize that the Nile must support both existing needs and legitimate future development. The river need not remain a source of perpetual rivalry. With investment, scientific cooperation, transparent information sharing and mutually beneficial energy and agricultural systems, it can become an engine of regional economic integration. The story of Ethiopia’s Nile policy is consequently not simply the story of a dam. It is the story of a country seeking to overcome historical development constraints, strengthen financial autonomy and transform natural resources into productive capacity. The GERD is one chapter in that story. The larger challenge is whether Ethiopia can build a new generation of water, energy and agricultural infrastructure that turns its rivers into foundations for food security, industrialization, employment and regional prosperity. Financial Dimension The financial dimension of this history is especially important. Development can be constrained without a single dam being physically attacked or a construction site being closed. Diplomatic opposition to external financing can increase political risk, discourage lenders and investors, and make major infrastructure projects more difficult and expensive to develop. Academic and policy literature has documented claims that Egypt used diplomatic influence to discourage international financial institutions from supporting upstream Nile projects. Research during the GERD era has also described lobbying involving institutions such as the African Development Bank, World Bank and European Investment Bank. Such claims should be examined project by project and supported by documentary evidence. Nevertheless, the broader historical pattern is significant. Ethiopia’s efforts to convert its water resources into electricity and irrigation have repeatedly encountered geopolitical resistance. This history helps explain the significance of the Grand Ethiopian Renaissance Dam. When conventional external financing proved difficult to secure, Ethiopia increasingly turned to domestic mobilization. Citizens purchased bonds and contributed through savings and donations, while the government and state institutions mobilized substantial domestic resources. The GERD consequently became more than an infrastructure project. It became a demonstration of Ethiopia’s capacity to finance a strategic national undertaking despite difficulties in securing conventional international project finance. Reflecting on this domestic achievement, Prime Minister Abiy Ahmed emphasized, “For 14 years, millions of ordinary citizens contributed to finance the construction of GERD, ranging from farmers and daily laborers to students and civil servants." Economic Accountability The issue has now entered a new phase. In October 2026, Water and Energy Minister Habtamu Itefa announced that Ethiopia had established a national committee to assess economic losses and foregone development opportunities associated with water projects that Ethiopia says were “blocked or obstructed by Egyptians.” According to the minister, the committee had identified more than 22 projects, including the GERD. "Number one is to identify and to claim the total amount of loss that they have imposed on Ethiopia because of our development. We have prepared as many projects as possible which they have opposed, including the GERD,” he said. The significance of this initiative extends beyond the question of compensation. It represents an attempt to quantify a dimension of the Nile dispute that has often remained political and rhetorical: the development opportunities Ethiopia says it lost because of external opposition. If properly documented on a project-by-project basis, such an assessment could provide a more concrete basis for understanding how diplomatic pressure, financing constraints and geopolitical competition affected Ethiopia’s infrastructure development over several decades. Water Infrastructure, and Food Security Ethiopia has repeatedly stated that completing one dam does not exhaust its development needs. A country of more than 120 million people facing rapid urbanization, industrialization, food insecurity and rising electricity demand cannot reasonably be expected to freeze its water infrastructure at the level that existed before the GERD. The country needs more electricity for households, schools, hospitals, irrigation systems, industrial parks, manufacturing facilities, transport infrastructure and digital services. It also needs reliable water storage to reduce its dependence on increasingly unpredictable rainfall. The nation is widely described as the “Water Tower of East Africa” because of its substantial highland rainfall and extensive river systems. Yet possessing water resources is not equivalent to having usable water infrastructure. The country’s major river basins contain substantial hydropower, irrigation and water supply potential, much of which remains underdeveloped. The development gap is particularly visible in electricity access and agricultural productivity. Millions of Ethiopians have historically depended on traditional biomass for cooking and household energy, while electricity consumption per person remains low by international standards. At the same time, much of the agricultural economy continues to depend on seasonal rainfall, leaving millions of farmers exposed to drought, irregular rainfall and increasingly severe climate shocks. Properly designed multipurpose reservoirs can provide electricity, irrigation, domestic water supply, flood regulation and drought management simultaneously. They can create infrastructure for agricultural commercialization and industrialization while reducing the volatility created by seasonal rainfall. Agriculture remains central to Ethiopia’s economy and employment structure. Yet rain-fed farming leaves millions of farmers exposed to climatic uncertainty. Expanding irrigation can fundamentally change this equation. Multipurpose dams connected to modern irrigation networks can allow farmers to move from dependence on a single rainy season toward more reliable and, where conditions permit, multiple cropping cycles. The objective should therefore not simply be to build more reservoirs. It should be to create integrated water and agricultural systems in which storage, irrigation, roads, electricity, markets, storage facilities and agro-processing develop together. Building Hydrological Buffers Ethiopia’s rainfall is highly seasonal and geographically uneven. Large volumes of annual runoff occur during a relatively short rainy season, while many areas experience extended dry periods. This creates a fundamental water management challenge: substantial quantities of water can arrive within weeks or months, while communities and farms require reliable supplies throughout the year. Storage infrastructure provides one mechanism for managing this imbalance. Well-designed reservoirs can capture part of the excess water during periods of heavy rainfall and release it gradually during dry periods. They can moderate flood peaks, improve irrigation reliability and support electricity generation when natural river flows decline. The value of storage is likely to become increasingly important as climate variability intensifies. Ethiopia cannot control global climate change, but it can strengthen its capacity to manage its consequences through reservoirs, watershed restoration, irrigation, soil conservation, early warning systems and improved hydrological forecasting. Dam construction must therefore be accompanied by serious watershed management. Afforestation, soil conservation, erosion control and sediment management are essential because the long-term performance of reservoirs depends not only on engineering design but also on the condition of the watersheds that feed them. Equitable Utilization Ethiopia’s pursuit of additional water infrastructure does not inherently conflict with cooperation with downstream countries. On the contrary, equitable and reasonable utilization provides a framework through which the development interests of all Nile Basin states can be recognized. Reaffirming this legal baseline, Prime Minister Abiy Ahmed stated: "Ethiopia reaffirms its legal right to the equitable and reasonable utilization of the Nile waters... Our development seeks peace, shared growth, and mutual benefit, not harm to downstream neighbors." This is particularly important because the Nile Basin is not composed of countries with identical levels of development, population pressures, water availability or economic needs. A sustainable basin framework must therefore account for changing demographic realities and legitimate development requirements rather than freezing the basin into historical patterns of utilization. Ethiopia’s position can consequently be framed not as a demand for unlimited use, but as a demand for development within a cooperative and rules-based framework. Ethiopia can recognize downstream interests while insisting that its own people also possess legitimate interests in electricity, irrigation, food security and economic development. Geopolitics of Development Pressure Ethiopia’s pursuit of hydropower, agricultural development and Red Sea access has altered regional strategic calculations and generated new concerns among neighboring states. Ethiopia maintains that the project is essential to its development and can operate without causing significant harm to downstream countries. The disagreement has consequently evolved into both a water dispute and a broader geopolitical contest. From Ethiopia’s perspective, the dispute over water resources cannot be examined separately from the wider geopolitical environment surrounding the country. In particular, Ethiopian officials and political actors have increasingly raised concerns about what they regard as a convergence between Egypt and Eritrea aimed at constraining Ethiopia’s regional influence and development. The Egypt-Eritrea convergence narrative rests on the argument that Cairo and Asmara have found common strategic ground in opposing the expansion of Ethiopia’s economic, political and strategic capacity. The significance of the relationship lies partly in Eritrea’s strategic location on the Red Sea and Egypt’s longstanding concern about Ethiopia’s growing influence in the Horn. Egypt and Eritrea have also been supporting forces hostile to the Ethiopian government and of contributing to a regional security environment that places additional pressure on Addis Ababa. These include claims involving diplomatic pressure, political networks and support for actors opposed to the Ethiopian government. A stronger Ethiopia means greater electricity generation, expanded irrigation, increased industrial capacity, stronger foreign exchange earnings and greater ability to pursue independent regional diplomacy. It also means a country with greater leverage in its relations with neighboring states and greater capacity to pursue its long-term ambition for dependable and mutually beneficial access to the Red Sea. The appropriate response is not simply confrontation. The strongest answer to external pressure is accelerated development, institutional resilience, financial self-reliance and sustained diplomatic engagement. Every additional megawatt generated, every hectare brought under irrigation, every industrial investment attracted and every regional electricity connection established can reduce the vulnerabilities that external actors might exploit. Next Generation of Dams The most important lesson from the GERD may ultimately be financial rather than political. Ethiopia demonstrated that large strategic infrastructure can be financed through substantial domestic mobilization when conventional external financing is unavailable or politically complicated. The next stage, however, should be more sophisticated. Domestic resources should remain central, but they can be combined with carefully structured concessional finance, private investment, diaspora capital, institutional investors, green finance and revenues generated through electricity exports. The objective should be to build a diversified infrastructure financing system that reduces exposure to political pressure from any single external actor. Electricity exports are particularly important in this regard. Ethiopia’s expanding generation capacity creates the possibility of converting hydropower into foreign exchange while simultaneously supporting industrialization at home. Electricity exports to neighboring countries can therefore serve two purposes: strengthening regional economic interdependence and improving Ethiopia’s capacity to finance future infrastructure. A stronger domestic financial system would also allow Ethiopia to mobilize its own savings more effectively. Pension funds, insurance institutions, banks, long-term savings schemes and capital markets can become sources of infrastructure finance if appropriate safeguards and investment frameworks are established. The GERD represents a historic milestone, but it should not be viewed as the endpoint of Ethiopia’s water development. The next challenge is to build an integrated national water strategy across the country’s major river basins. Regional Integration Ethiopia’s hydropower potential also offers a powerful opportunity for regional integration. Electricity can cross borders without many of the logistical complications associated with transporting physical commodities. Underlining this vision, Prime Minister Abiy Ahmed emphasized: "Regional integration and trade will be crucial to the future of our continent, allowing us to grow beyond primary commodities and accelerate our shared development." Ethiopia can produce renewable electricity, export it to neighboring countries and use the resulting revenues to finance further economic development. Sudan, Djibouti, Kenya and other neighboring countries can benefit from reliable and relatively low-carbon electricity, while Ethiopia benefits from export earnings and stronger regional economic relationships. This creates an important alternative to the traditional zero-sum conception of Nile politics. Instead of asking which country gains and which country loses from every cubic meter of water, the region can increasingly ask how shared water resources can generate more electricity, more food, more trade and greater economic security for everyone. Conclusion Ethiopia’s case for continued development of its water resources rests on a straightforward reality: a country cannot eradicate poverty, expand food production, industrialize and provide modern energy to its population while leaving much of its water infrastructure potential unused. The GERD demonstrated that Ethiopia can overcome major financial and geopolitical obstacles through domestic mobilization and strategic determination. The government’s initiative to document more than 22 projects it says were obstructed by Egypt provides an opportunity to examine the historical dimension of the dispute through evidence rather than rhetoric. The central issue is therefore no longer whether Ethiopia will develop its water resources. It is how it will do so. For Ethiopia, water development is ultimately about much more than dams. It is about turning rainfall and river flows into electricity, irrigation, food, employment, industrial production and economic opportunity. For the wider Nile Basin, the choice is between continuing to treat water development as a zero-sum geopolitical struggle and recognizing water infrastructure as a potential foundation for regional integration. Ethiopia’s legitimate development aspirations cannot be subordinated indefinitely to historical patterns of water utilization. The strongest Ethiopian strategy, therefore, is neither confrontation nor retreat. It is evidence, engineering, financial resilience, responsible resource management and diplomacy. If Ethiopia can combine these elements, its rivers can become not instruments of regional rivalry but foundations for national transformation, food security, energy security and shared prosperity across the Horn of Africa.

Addis Ababa, October 10, 2026 (ENA)—Prime Minister Abiy Ahmed has inaugurated the National Precious Metals Refinery, a state-of-the-art facility with an annual capacity to process over 600 tonnes of precious metals, marking a significant leap in the country's industrial development and economic diversification efforts.   During the launch, the Prime Minister said: “I am proud to announce the launch of the National Precious Metals Refinery at Bole Lemi Special Economic Zone, established through a partnership between Ethiopian Investment Holdings (EIH) and Sam Precious Metals.” The refinery is poised to make a substantial impact, as it marks a major milestone in advancing domestic value addition, strengthening Ethiopia’s mining sector, and positioning the country as a regional hub for precious metals refining. According to the Prime Minister, this initiative underscores the Medemer government’s commitment to leveraging productive resources to boost industrial capacity, thereby enhancing export earnings, creating skilled jobs, supporting the jewellery industry, and fostering a more transparent and competitive gold value chain.   PM Abiy further emphasized that from resource extraction to industrial transformation, the focus is on creating greater value domestically.

Addis Ababa, October 9, 2026 (ENA)— Ethiopia and India have reaffirmed their commitment to strengthening bilateral relations, with a focus on expanding cooperation in education, culture, trade, investment, and digitalization. Ethiopia’s Minister of Foreign Affairs, Gedion Timothewos, held talks with India’s External Affairs Minister, Subrahmanyam Jaishankar, at his office in Addis Ababa today, exploring ways to broaden cooperation and advance the longstanding partnership between the two countries.   The discussions underscored the importance of deepening multifaceted ties and unlocking new opportunities for collaboration in key sectors that support economic growth, technological advancement, and people-to-people relations. During the meeting, Jaishankar expressed appreciation for Ethiopia’s active participation in the recent BRICS Summit hosted by India, highlighting the importance of continued engagement between the two countries within multilateral platforms.   The talks reflect the shared interest of Ethiopia and India in building on their longstanding relations and translating bilateral cooperation into tangible benefits for their peoples, according to the Ministry of Foreign Affairs.

Addis Ababa, October 8, 2026 (ENA) —Restoring soil fertility and health through targeted soil-management practices has contributed to improved farmers’ yields and productivity, Director of Crop Research at the Ethiopian Institute of Agricultural Research (EIAR) Fekadu Gurmu said. The Director made the remarks during a field demonstration visit organized as part of the Korea Partnership for Innovation of Agriculture (KOPIA) and Ethiopian Institute of Agricultural Research (EIAR) Soil Health Project in Bishoftu, Oromia. Fekadu said soils become unhealthy when they lose essential nutrients, become acidic or saline, or retain excess water that prevents crops from developing properly. To address these conditions, soil-management efforts include managing heavy black soils affected by waterlogging and treating acidic soils through different soil amendment techniques, he said. The efforts also promote organic soil enrichers such as compost and vermicompost alongside inorganic fertilizers and bio-fertilizers to restore soil fertility and support crop production, according to the Director. According to Fekadu, the soil-health work is being implemented through a new three-year initiative jointly undertaken by KOPIA and EIAR, building on previous agricultural cooperation between Ethiopia and Korea. Fekadu said the cooperation has previously covered crop cultivation and variety improvement, including potatoes, fruits and vegetables, as well as poultry farming.   Meanwhile, KOPIA Ethiopia Center Director Song Yong-sup said sustainable crop production requires integrated management of soil, water, nutrients, crops and livestock rather than relying on a single intervention. He said the three-year initiative will next apply an integrated approach to soil health restoration, including building organic matter in the soil, applying drainage technologies, expanding the use of organic fertilizers and cultivating forage crops to link livestock feed supply with crop productivity. The director also said the project is working with the Bishoftu Agricultural Research Center under EIAR and extension experts to bring research results directly to farmers.   He said field demonstrations are testing integrated soil fertility management, biofertilizers, Vertisol management and irrigation water management under local production conditions. Song said farmers’ feedback is essential to assessing whether the technologies are effective, economically feasible and practical for wider adoption. Continued field validation is also needed to assess their performance over successive seasons, he added.

Addis Ababa, October 7, 2026 (ENA)—No entity can prevent Ethiopia from securing access to the sea, Former Speaker of the House of Peoples’ Representatives (HPR) Abadula Gemeda told ENA. Abadula added that the country’s loss of its maritime outlet resulted from decisions made by a limited number of individuals without broader national consultation. Ethiopia was deprived of sea access through decisions that were not subjected to adequate national discussion or deliberation within a formal legal framework, the former speaker noted. He argued that Ethiopia’s historical adversaries had long sought to prevent the country from securing access to the sea, including by supporting forces operating from within Ethiopia. According to Abadula, after repeated attempts to defeat Ethiopia militarily failed, its adversaries shifted their strategy toward supporting what he described as internal collaborators. He cited Egypt’s alleged role in supporting the formation of the Eritrean Shabia movement and the TPLF as examples of such efforts. He said these developments eventually contributed to decisions that undermined Ethiopia’s national interests, including the loss of its access to the sea. Abadula particularly questioned the process through which Ethiopia lost its maritime outlet, arguing that the matter was not subjected to sufficient national debate or formal legal deliberation. “There was no decision reached regarding the issue of sea access through discussions held or agreements concluded in a formal, legal forum,” he said.   He also questioned the constitutional authority of the transitional government at the time to make decisions of such magnitude before the adoption of the Constitution. According to him, despite the absence of a fully established constitutional order, decisions with far reaching implications for Ethiopia’s national interests were made by a limited number of individuals without broad public consultation. He described the loss of sea access as a major historical setback for Ethiopia, given the importance of maritime access to the country’s economic and strategic interests. Abadula admired the government’s current efforts to secure sea access through peaceful negotiations, mutual interests and a give and take approach.   He stressed that Ethiopia’s aspiration to secure access to the sea is a long-term national issue that cannot simply be set aside. “It is impossible to keep Ethiopia cut off from the sea,” Abadula said.

By Gizachew Meku Ethiopia’s priorities for the 2019 Ethiopian fiscal year center on consolidating economic gains through structural transformation, quality human development, peace and stronger capability. The joint session of the House of People's Representatives and House of Federation marked the opening of a new five-year political and institutional period, with President Taye Atske Selassie outlining key national directions for the period ahead. During his address, the President called for faster, more accountable and sustainable development, with greater impact on governance, productivity, public services, national unity and prosperity. He outlined eight priorities: safeguarding peace and unity, pursuing quality-driven structural transformation, accelerating human-centered development, sustaining economic growth, modernizing project execution and financing, strengthening tax and debt management, improving federal-regional coordination, and pursuing a more influential, strategically oriented foreign policy. Achieving these goals, the President noted, requires stronger implementation capacity, ethical public service, political dialogue, intensified anti-corruption efforts, wider adoption of successful development practices, and stronger technological, defense and security capabilities. Building on Five Years of Economic Gains Ethiopia’s recent economic performance provides a foundation for its next development phase, with progress across agriculture, irrigation, manufacturing, mining, exports, foreign direct investment, tourism, digital infrastructure and services. President Taye attributed the sustained growth partly to measures under the government’s 10-year development plan, including stronger domestic revenue mobilization, discontinuing commercially unviable borrowing and completing long-delayed projects. Public participation has also strengthened development efforts. The Green Legacy Initiative and urban modernization and corridor development projects exemplify cooperation between the government and communities in expanding implementation capacity. The economic indicators reflect this momentum. Annual crop production reached 1.3 billion quintals last Ethiopian fiscal year, up from 335 million quintals seven years ago. Foreign trade revenue reached 11.2 billion USD, while foreign direct investment stood at 4.5 billion USD. Manufacturing industry growth reached 15.8 percent, credit supply expanded to 1.3 trillion Birr, inflation stood at 13.4 percent, and total domestic revenue reached 1 trillion 980 billion Birr, the President said. These results demonstrate the resilience of Ethiopia’s economic growth amid internal and external pressures and strengthen its capacity to pursue economic sovereignty. From Growth to Structural Transformation The next phase must move beyond economic expansion to prioritize quality, productivity and structural transformation. The President identified comprehensive structural transformation as the second of the eight priorities for the 2019 EFC, emphasizing agriculture, industry and infrastructure as foundations for self-sustaining growth. Human development must similarly shift from expanding services to improving their quality and impact. Education, health and social protection are expected to focus increasingly on better services and tangible improvements in people's lives. The government aims to raise electricity access to 65 percent, expand clean water access, increase health insurance coverage to 85 percent, raise forest coverage beyond the current 26 percent, and extend student feeding programs to 70 percent, among other targets. Making Implementation Faster and More Accountable Delivering development goals requires stronger project execution and financing. The President called for modern, fast, efficient and accountable systems, alongside improved tax administration and systematic debt management. The government also aims to raise the tax revenue-to-GDP ratio to 9.62 percent, strengthen public revenue and expenditure monitoring, increase tax collection and reduce inflation to single digits. These measures reflect a broader emphasis on implementation capacity. Progress depends not only on setting ambitious targets but also on executing them effectively. President Taye urged public servants implementing the plan to prioritize citizens’ needs, value time, reject idleness and serve with dedication. Peace and Unity as Foundations of Development Peace and national unity remain central to Ethiopia’s development agenda. The President said economic growth and progress require political stability, calling for stronger unity and cooperation and a definitive departure from armed political violence. Political practice, he added, should instead rest on peace, dialogue, knowledge and mutual listening. He stressed the implementation of the outcomes of the National Dialogue, whose recommendations should help bridge differences, strengthen political and social consciousness, and advance lasting nation-building. The President said Ethiopia must end the cycle in which political violence passes from one generation to another, replacing it with a path of peace, development and unity. Stronger Federal-Regional Cooperation Closer cooperation between the federal government and regional states is among the eight priorities. The President called for federal and regional institutions to operate collaboratively, support one another and work efficiently and seamlessly. Such coordination is essential to translating national priorities and development programs into action across the country. Successful experiences in agricultural productivity, green development and urban corridor projects should be expanded across regions and treated as national assets. From International Acceptance to Influence The President called for the transformation of Ethiopia's foreign policy from “mere acceptance to influence.” This requires expanding the country’s circle of friends and partners, prioritizing regional peace and economic integration, pursuing bold diplomatic initiatives and strengthening Ethiopia’s global standing. Ethiopia’s efforts have laid a foundation for wider international acceptance of its aspirations and demonstrated its intention to pursue development through cooperation. The country’s hosting of the 32th United Nations Climate Change Conference (COP32) will also provide an opportunity to demonstrate its conceptual and practical commitment to climate action. Tourism and Economic Growth Ambitions Ethiopia aims to attract more than 1.6 million visitors during the fiscal year, placing tourism within its broader economic development ambitions. Together with measures targeting revenue mobilization, productivity, infrastructure, agriculture and industry, the tourism target forms part of the effort to raise overall economic growth to over 10 percent, according to President Taye. The broader objective is to sustain economic expansion while improving its quality and impact. Combating Corruption, Strengthening Institutions Corruption and malpractice remain major obstacles to effective development, the President said, calling for intensified efforts to eliminate them. The government plans to strengthen institutional oversight, build public institutions around integrity and ethics, and take stronger action against corruption and malpractice. The emphasis extends to the conduct of public officials and servants, who must combine knowledge and competence with discipline, moral standing and a strong sense of public responsibility. Strengthening Technology, Defense and Security Ethiopia’s development ambitions also depend on strengthening its comprehensive national power. The President emphasized greater self-reliance through modern technology, stronger strategic defense capacity and improved internal resilience. The government will work to maintain strong operational capabilities within the National Defense Force and security institutions. He praised members of the defense force and federal security institutions for their service and commitment to protecting the country and its citizens. Foreseeing Challenges and Building Capacity The President further emphasized the need for identifying and addressing challenges before they escalate, rather than responding only after they emerge. Ethiopia’s historical experience demonstrates the cost of inadequate preparation. The country must therefore identify problems early, anticipate threats to its unity and existence, strengthen its overall capacity and develop solutions before difficulties intensify. Deep thinking, early problem identification and transformative solutions will be essential to future progress. President Taye said this approach reinforces the emphasis on implementation capacity and expanding successful practices instead of repeatedly responding to problems. Shared Responsibility for the Future Concluding his address, the President noted that Ethiopia’s future should be defined by growth, prosperity, unity and peace rather than the destruction associated with conflict. Protecting the country, maintaining peace and pursuing prosperity are shared responsibilities of citizens, not solely obligations of the government, he stressed. He urged Ethiopians to safeguard national unity and sovereignty while sustaining recent gains in productivity and development. The President also reminded members of the Houses that their mandate comes from the Ethiopian people, expressing confidence that they would fulfill it with duty, competence, integrity, transparency and determination. The priorities for the new fiscal year thus center on consolidating recent economic and institutional gains while strengthening peace, improving capability, and human development. Together, they outline an approach to sustaining growth, improving public services and strengthening Ethiopia’s ability to pursue its national interests.

Addis Ababa, October 6, 2026 (ENA)—President Taye Atske Selassie has outlined Ethiopia’s major national priorities for the 2019 Ethiopian year, placing peace, structural transformation, quality public services, institutional coordination and stronger foreign relations among the key areas of focus. Addressing the 7th joint session of the House of People’s Representatives and the House of Federation, the President said the priorities were identified based on an assessment of the country’s previous performance, achievements and gaps, with the aim of better safeguarding Ethiopia’s national interests and accelerating the country’s progress. Peace will remain a foremost priority, with efforts focused on strengthening unity and cooperation and putting Ethiopia’s national interests first. The President said Ethiopia will also pursue a comprehensive structural transformation based on quality, while accelerating citizen-centered development in education, health and social protection by shifting the focus from expanding access to improving quality.   According to him, strengthening the country’s capacity to produce key industrial and agricultural inputs as well as infrastructure, will also receive attention. Project and project-finance implementation will be made more modern, faster, efficient and accountable, President Taye added. He further said efforts will focus on modernizing the tax base, properly managing public debt and strengthening the government’s capacity to manage revenues and expenditures. The President also emphasized the need to strengthen coordination between the federal government and regional states, ensuring that implementation is unified, supported, efficient and effective. On foreign relations, President Taye said Ethiopia will seek to move from acceptance to greater influence, particularly by strengthening its friendships, engaging those with differing views and giving priority to regional peace and economic integration. Building on these priorities, he said Ethiopia expects to make progress across social, economic and service sectors. Electricity access is targeted to reach 65 percent, while efforts will be made to expand access to water services. Health insurance coverage is also targeted to increase to 85 percent. Regarding forest coverage, it will be expanded from its current level of 26 percent.   The number of Mesob one-stop service centers will be expanded and school feeding coverage will increase to 70 percent. The justice sector will be further modernized, while recommendations emerging from the national dialogue will be translated into practical action. President Taye also stressed the importance of promoting a culture of dialogue, compromise and peaceful resolution of differences based on mutual understanding and common interests. The implementation of these priorities will require stronger coordination, commitment and focus on results across government institutions. The President finally called on officials responsible for implementing the 2019 plan to put the interests of the public first, make effective use of time and resources, and demonstrate commitment and diligence in carrying out their responsibilities.  

Addis Ababa, October 6, 2026 (ENA)— Addressing the joint opening session of the House of People's Representatives and the House of Federation, President Taye Atske-Selassie unveiled Ethiopia's aspirations to achieve a robust 10.1 percent economic growth rate in the 2019 Ethiopian fiscal year. The President's announcement underscores the nation's commitment to fostering a thriving economy, bolstered by strategic fiscal measures aimed at augmenting domestic revenue collection, expanding the tax base, and effectively managing national debt. The President outlined that the country's gross domestic product (GDP) is anticipated to expand to a substantial 9.6 trillion Birr. Looking ahead to the 2019 fiscal year, the government is poised to prioritize structural transformations driven by quality and efficiency across key economic sectors. The government aims to increase national electricity coverage to 65 percent, enhance access to water for the populace, increase health insurance coverage to 85 percent, and raise forest cover to 26 percent. Additionally, comprehensive initiatives will be implemented to attract over 1.6 million international tourists during the fiscal year. President Taye emphasized the government's commitment to refining project execution, modernizing project finance mechanisms, and improving inter-governmental coordination between the federal government and regional states. These efforts are crucial for sustaining the national development momentum and ensuring that Ethiopia remains on a trajectory of economic growth and development. As of the current date, October 6, 2026, these plans are set to propel Ethiopia forward, marking a significant step in the country's economic development journey. Reflecting on past achievements, President Taye highlighted the significant surge in annual crop production, which has impressively grown from 335 million quintals seven years ago to a remarkable 1.3 billion quintals in the 2018 fiscal year. Furthermore, export trade revenue reached an unprecedented high of 11.2 billion USD, while foreign direct investment inflows totaled 4.5 billion USD over the same period. The manufacturing sector has demonstrated exceptional performance, boasting a growth rate of 15.8 percent. Concurrently, credit supply has expanded to 1.3 trillion Birr, and total domestic revenue has reached nearly 1.98 trillion Birr. Notably, inflation has been successfully contained to 13.4 percent as of May 2026, showcasing the resilience of the national economy in the face of internal and external pressures.

Addis Ababa, October 6, 2026 (ENA)— The joint session marking the opening of the 7th year of the House of Peoples’ Representatives and the House of Federation officially opened today, with President Taye Atske-Selassie presenting the government’s plans in various areas. The President highlighted the economy, security, social affairs, diplomacy and regional affairs, as well as a number of pressing national issues. The 7th House of Peoples’ Representatives held its founding first regular meeting for its first annual working term yesterday. During the session, the House of Peoples’ Representatives re-appointed Dr. Abiy Ahmed as Prime Minister of the FDRE. The joint session of the two houses was held today. Speaking at the opening session, President Taye Atske-Selassie stated that achievements recorded in the economic sector sustainably guarantee economic sovereignty. In his opening speech to the two houses, President Taye Atske-Selassie stated that the results achieved in the economic sphere over the past five years have laid the foundation for future endeavors.   He indicated that successes registered in agriculture, export trade, tourism, industry, the digital sector and various other areas have accelerated economic growth. He noted that the government’s cessation of commercial borrowing and its increased capacity to efficiently execute long-delayed infrastructure projects have played a vital role in this growth. He also highlighted that positive results have been achieved through the multi-sectoral economic direction pursued under the government’s 10-year development plan. As evidence, he cited the enhancement of revenue-collection capacity achieved through a tight monetary and fiscal system.   President Taye emphasized that the achievements realized in the economy not only help overcome challenges and obstacles, but also guarantee economic sovereignty.

Biography presented by Deputy Prime Minister Temesgen Tiruneh during the appointment of Dr. Abiy Ahmed as Prime Minister of the Federal Democratic Republic of Ethiopia   Honorable Speaker, Distinguished Members of the House, Honorable Invited Guests, Today, before this honored Parliament, and in accordance with Article 73, Sub-Article 2 of the Constitution of the Federal Democratic Republic of Ethiopia, I have the immense honor, pride and privilege, on behalf of the Prosperity Party—which has secured the profound trust of the Ethiopian people and won a parliamentary majority in the 7th General Election—to nominate a great Ethiopian of our time for the position of Prime Minister of Ethiopia.   At this defining moment, when the foundation of a new chapter in Ethiopian civilization is being laid, our party, Prosperity, demonstrates its unwavering determination to place Ethiopia firmly on the foundation of her greatness by presenting this great Ethiopian for the Premiership. He is a leader created for Ethiopia, called to serve, untiring and undaunted; a leader who knows no fatigue, endless in innovation, tireless with his pen, rich in compassion and defined by resilience. From his parents, he learned patriotism and respect for the people at an early age. Raised among Ethiopia's diverse peoples and faiths, history shaped him to belong to all and to serve all. From the small village of Beshasha, he looked far beyond his immediate surroundings and dreamed of a greater Ethiopia. Whether she was grieving or rejoicing, whether facing hardship or moving forward, he longed for the day when he could serve this great nation and help her rise to the height of her history and prosper to the full measure of her riches. It was for this reason that, at the tender age of 14, he entered the armed struggle to serve his country and make sacrifices for it. He possesses a character that fights to the very end against anything he believes is not beneficial to Ethiopia. After the fall of the Derg regime, he joined the regular military. During the Ethio-Eritrean War, he served on the front lines in defense of his country's sovereignty.   Yet, inside the foxholes of the Badme front, he did more than fight. He wept, he reflected, he planned, and he weighed ideas about change. His military journey, which took him to the rank of Lieutenant Colonel, became a chapter in which he came to know Ethiopia intimately and, in doing so, contemplated the fate of tomorrow's Ethiopia. He paid the price of service by traveling to different parts of the country and observing Ethiopia firsthand. As he looked upon her, his love for her deepened; her weariness concerned him; her poverty angered him; and the fact that this great country was not yet truly great gave him no rest. In particular, when he was deployed to Rwanda as part of a United Nations peacekeeping mission to help halt the genocide, he began to see Ethiopia through a comparative lens. He reflected: If we do not preserve our multinational unity, if each of us does not respect the rights of all, if we do not make our unity our strength and our diversity our ornament, and if we do not resolve our problems through consultation and dialogue, how will our fate differ from Rwanda's?   From that point onward, he sought to live by this conviction. He demonstrated that it is possible to live together by resolving differences through peace, dialogue and reconciliation. In the small town of Beshasha, he played a remarkable peacebuilding role, helping resolve faith-based tensions through dialogue, counsel and forgiveness. It was from this experience that he resolutely declared that the sword of reconciliation—carrying peace, forgiveness and love—is far better than the sword that beheads. He holds a Bachelor's Degree in Computer Engineering from Microlink Information Technology College, an MBA in Transformational Leadership from Leadstar Management and Leadership College, an MA from the University of Greenwich, and a PhD in Peace and Security Studies from Addis Ababa University. In addition to numerous national and international awards, he was awarded the Nobel Peace Prize. He also sought to usher Ethiopia into a new chapter of transformation through his former membership and leadership in the Ethiopian People's Revolutionary Democratic Front (EPRDF), his role as founder of the Information Network Security Agency (INSA), and his service as Minister of Science and Technology. Cultivating people and transforming lives, providing leadership and service free from corruption and theft, working alongside employees like a brother, and turning every responsibility—no matter how small—into a center of change for a greater Ethiopia became his daily way of life. Eight years ago, Ethiopia yearned for change. Poverty and backwardness had embittered the people. Division and fragmentation distressed the nation. Growth was being stifled, and grievances were accumulating. Fairness had vanished, the dominance of a single faction prevailed, and the country was suffering. Projects had stalled. Rights had been suppressed. Prisons were filled. Political divisions had sharpened. Ethiopia had entered a period of profound trial. At that critical moment, Ethiopia needed not merely change, but an apostle of change—a leader who would not draw the sword, incite revolution, demand destruction or build upon the grave of another. She needed a leader who would unite the people, bring partners and affiliates together as one, safeguard the rights of all peoples equitably, and focus on tomorrow rather than yesterday. At that critical hour, from within the EPRDF leadership, among its intellectuals, from the Oromia Region and from the womb of Ethiopia, a man named Abiy emerged. With wisdom and skill, through peaceful struggle, by aligning the people behind a shared purpose, strengthening the multinational bonds among Ethiopians, and challenging the dominance of a single faction, he brought about the envisioned change. Change was achieved through organizational appeal, public struggle and popular momentum. Ethiopia had repeatedly experienced bloody and destructive revolutions. This time, however, through reform, she sought to uproot only the thorn. She ceased demolishing her existing capacities simply to build anew. Erasing yesterday completely proved painful, yet accepting it exactly as it was offered no solution. Thus, building upon yesterday's foundation, she repaired what was broken, uprooted the weeds and embarked upon a new path toward tomorrow. Eight years ago, before this very Parliament, the name of the Creator was invoked with honor. The name of Ethiopia was called with love and respect. Opponents were described as competitors. A call for peace was extended to all engaged in conflict. Mothers were honored and appreciated.   The herald of an Ethiopia embarking on a new journey toward prosperity was proclaimed. Forgiveness was sought for all misdeeds committed in the name of the EPRDF. Peace, forgiveness and love were declared. A fresh breeze swept across modern Ethiopian politics. Since that time, this man has remained at work. He introduced a new tradition into Ethiopian political history. He enabled competing political parties and the governing party to serve together in one government. He traveled across America, Europe, Africa and the Middle East, calling upon Ethiopians and partners to embrace peace and development. He secured pardons and the release of numerous political prisoners. Media outlets opened more freely. Politicians who had been living in exile returned home and were even entrusted with positions of government leadership. He worked to reconcile the separated fathers of the Orthodox Synod and the Islamic Affairs leadership. He ensured legal recognition for the Supreme Council for Islamic Affairs and the Evangelical Council. He sought to make security institutions free from political bias and transform them into guardians of the constitutional order. The Election Board and the Ethiopian Human Rights Commission became independent and impartial institutions. Laws considered oppressive and restrictive—laws deemed unfitting for a modern Ethiopia—were amended, while judicial and court independence was upheld. He traveled from district to district to consult directly with the people. He facilitated efforts to resolve regional statehood demands in Southern Ethiopia. He transformed the concept of the Ethiopian revolution from a political revolution into a wheat and rice revolution. Through the Gebeta le Sheger (Dine for Sheger), Gebeta le Hager (Dine for the Nation), and Gebeta le Twolde (Dine for Generations) initiatives, he brought to fruition visionary projects designed to protect Ethiopia's heritage while creating new destinations for the future. He transformed Ethiopia through initiatives such as Clean and Green Ethiopia, Bountiful Development, Rural-Urban Corridors, Summer Wheat, Ease of Doing Business, Sharing Meals, Winter Volunteerism and Digital Ethiopia. Through writing, publishing and training, he worked tirelessly to build competent leadership for Ethiopia. He conceived the Moseb One-Stop Service initiative and expanded it across all regions. Under the Green Legacy Initiative, he oversaw the planting of 56 billion trees. He published four Medemer books and used the proceeds to build schools across all regions. He enabled Ethiopia to stop importing wheat and move toward self-sufficiency. He expanded fruit production and positioned it for export markets. He lifted Ethiopia's mining sector out of backwardness, enabling it to generate five years' worth of output compared with the previous century. Through Digital Ethiopia, he made it possible for money to reside in our mobile phones. By guiding macroeconomic reform, he restored balance to Ethiopia's fragile economy.   Through a fiercely challenging struggle, he navigated the completion of the Grand Ethiopian Renaissance Dam (GERD). He built a strong and modern defense force for Ethiopia. He raised Ethiopian industries from the brink of decline and positioned them as drivers of the economy. He initiated and successfully guided the National Dialogue to fruition—an idea that had once been dismissed and criticized. He dismantled the separation between "allies" and "core affiliates" in order to build a unified multinational party. He emerged from the trials of the COVID-19 pandemic, recurring conflicts, locust invasions and severe droughts refined like a diamond and stronger through adversity. From his youth, he has shown little tolerance for anyone who deliberately rises against Ethiopia. He endures much and tolerates much; but when it comes to Ethiopia's sovereignty, he tolerates no one. That is why, when enemies rose believing they could destroy Ethiopia, he set aside his office as Prime Minister, exchanged his tie for fatigue uniforms and marched to the front line. Today, this is a man fighting for Ethiopia to secure access to the sea. He is leading Ethiopia toward the construction of the massive Bishoftu International Airport. He is working tirelessly, day and night, to ensure Ethiopia achieves food self-sufficiency. He is enabling Ethiopia to become interconnected through digital identity. He is paving the way for Ethiopia to build a civilization that connects yesterday, today and tomorrow. He is facilitating the transition of farmers toward modern cluster farming. He is crafting a new rural strategy to enable pastoralists to transition into modern ways of living. He works day and night so that urban dwellers can enjoy better and more comfortable urban infrastructure. In Addis Ababa, for instance, he has sought to turn into action his promise: "We will make her new and a flower, just like her name." He is a priceless leader. He is enabling the structural transformation of the Ethiopian economy. He is building a political culture in which governing and competing parties can lead the nation together and collaborate on matters of national interest. Girding his loins and dedicating his time to the country, he works relentlessly to make a great Ethiopia even greater. He has reshaped Ethiopia's foreign relations beyond rigid notions of "enemy" and "friend," pursuing instead a pragmatic and action-oriented diplomacy. This is why, today, before this august assembly, I nominate Honorable Dr. Abiy Ahmed Ali to serve as Prime Minister of Ethiopia. He has envisioned change. He has led change. And he has lived change for all to see. Born in Beshasha town, Jimma Zone, Oromia Region of Ethiopia, he is now 50 years old. He has dedicated three-quarters of his life to national service. He is married, a father of four children, and a friend to millions. Distinguished Members of the House, As our Prosperity Party nominates Honorable Dr. Abiy Ahmed Ali—a gifted son of Ethiopia who has emerged refined like gold through the furnace of change, who has not merely lived through history but changed its course, and whom Ethiopia has sought and found across the eras—to serve as Prime Minister of Ethiopia, we do so with the greatest honor, pride and sense of privilege. I thank you.

Addis Ababa, October 5, 2026 (ENA)—Prime Minister Abiy Ahmed said Ethiopia will continue to assert its national interests on its own terms and strengthen its role as a decisive anchor state in the region, drawing on the country’s national strength and growing economic potential. The Prime Minister made the remarks as he was sworn in for a new term following the establishment of the Medemer Government under Ethiopia’s seventh parliamentary term. Addressing the House of People’s Representatives, PM Abiy said the past few years had been a critical period for laying fundamental foundations, enabling Ethiopia to build a resilient political-economic system capable of withstanding both domestic and external pressures. Speaking on sea access, he emphasized that Ethiopia’s long-term national and developmental vision is closely linked to securing reliable maritime access. He said his administration will actively pursue a gateway to the sea through dialogue, mutual benefit and give-and-take, while continuing to advance national development and major infrastructure projects. Reviewing Ethiopia’s recent political and economic trajectory, the Prime Minister outlined how the country had navigated complex internal and external pressures that sought to disrupt its development path. “When COVID-19 arrived and the world shut down, we continued with resolve. While campaigns were opened against us, as the world turned its back on us and repeatedly showed its injustice, we did not falter for a second,” he said.   He added that Ethiopia had also faced pressure while asserting its right to use its river and complete the Grand Ethiopian Renaissance Dam (GERD). “When they pulled us with a long rope to prevent us from bringing our dam to completion, we stumbled, but we did not fall, nor will we fall,” Abiy said. The Prime Minister said these experiences had demonstrated Ethiopia’s capacity to withstand obstacles and continue pursuing its national objectives. “We have proven in practice that we are building an invincible political-economy system that responds appropriately without falling to obstacles,” he said. Speaking on turning ambition into results and illustrating the feasibility of Ethiopia’s long-term vision, PM Abiy pointed to progress across key economic, agricultural and infrastructure sectors. He highlighted the expansion of wheat production, saying the initiative had helped replace imported wheat with domestic production and demonstrated the potential for large-scale agricultural self-sufficiency. He also cited progress on major water and development projects, including the completion of the Grand Ethiopian Renaissance Dam, advances on projects such as Megech, and the activation of the Tana Beles development initiative. Major corridor development programs, he added, have accelerated infrastructure expansion and urban modernization across the country, turning long-standing development plans into visible projects and operational realities. For the Prime Minister, these achievements demonstrate that Ethiopia’s ambitions are not limited to political declarations but can be translated into practical outcomes through sustained national effort. Addressing a new parliamentary chapter, looking ahead, Prime Minister Abiy outlined a broad agenda for the new parliamentary term aimed at consolidating the foundations laid in recent years and turning them into lasting national institutions.   The administration plans to pursue constitutional updates through the National Dialogue process, maintain a competitive political environment and engage constructively with opposition parties. On the economic front, the government will continue macroeconomic reforms, strengthen oversight of public expenditure and undertake civil service reforms aimed at improving measurable performance and modernizing public service delivery. In foreign policy, Abiy said Ethiopia will pursue cooperative relations with neighboring countries based on mutual interests and shared benefits, while continuing its efforts to secure reliable access to the Red Sea. He also pledged stronger institutional measures against corruption and nepotism, alongside the expansion of digital systems at lower levels of administration to improve efficiency, reduce bureaucracy and modernize government services. The Prime Minister’s address therefore placed national resilience, economic transformation, political dialogue, institutional reform and maritime access at the center of Ethiopia’s next phase.