Economy - ENA English
Economy
Record Ethiopian Budget Focuses on Low-Income Households While Fueling Growth and Reform Agenda
Jun 30, 2026 553
Addis Ababa, June 30, 2026 (ENA) —Ethiopia’s proposed federal budget for the 2019 Ethiopian fiscal year (2026/27) places a strong emphasis on protecting low-income households, sustaining the country’s economic reform agenda, and accelerating inclusive growth, Finance Minister Ahmed Shide told MPs today. Presenting the record 2.339 trillion Birr draft federal budget to Members of the parliament (MPs) the House of People’s Representatives, Ahmed said the spending plan is designed to consolidate the gains of Ethiopia’s Homegrown Economic Reform Program while safeguarding the purchasing power of citizens amid the rising cost of living. “The budget has been prepared with special consideration for low-income segments of society and is expected to have a positive impact on the livelihoods of Ethiopian families,” the minister said during the parliamentary session. The minister elaborated that the proposed budget incorporates targeted subsidies for key social expenditures to cushion vulnerable households, strengthen social protection. Ahmed also indicated that the budget is also designated to mitigate inflationary pressures, while also addressing longstanding macroeconomic imbalances through prudent fiscal management. He said the budget aligns with the country’s Homegrown Economic Reform Agenda and the Ten-Year Development Plan, both of which have helped Ethiopia maintain economic resilience despite domestic and global challenges. The minister noted that Ethiopia expects its economy to expand by 10.1 percent during the upcoming fiscal year, building on an average annual growth rate of 6.8 percent recorded between the 2018/19 and 2023/24 fiscal years and a 9.2 percent expansion in 2024/25. The econom y is also projected to grow by 10.2 percent by the end of the current Ethiopian fiscal year, reflecting the continued momentum generated by the government’s comprehensive economic reforms. Th finance minister also stressed that Ethiopia’s fiscal policy will continue to balance economic growth with social welfare, ensuring that investments support both long-term development and the immediate needs of citizens. The proposed budget allocates more than 1.2 trillion Birr for recurrent expenditures, 568.2 billion Birr for capital investment, 520.6 billion Birr in transfers to regional states, and 14 billion Birr to support regional Sustainable Development Goal (SDG) initiatives. More than half of the total budget, 52.9 percent—is earmarked for recurrent expenditures, including debt servicing, fertilizer and petroleum subsidies, and the delivery of essential public services. Priority sectors receiving significant allocations include education, healthcare, social services, energy, infrastructure, agriculture, and industrial development, reflecting the government’s strategy to foster broad-based and sustainable economic transformation. Minister Ahmed also underscored the government’s commitment to strengthening domestic revenue mobilization by broadening the tax base, enabling public finances to grow alongside the expanding economy while reducing long-term fiscal vulnerabilities. On international cooperation, the minister said Ethiopia will continue to deepen partnerships with development partners while maintaining its policy independence. “Our partnerships with international allies will continue to strengthen in the coming years while preserving our country’s policy independence,” he said, adding that Ethiopia will pursue only those partnerships that contribute to economic stability and improve the well-being of its people. Economists and policy analysts say the record draft budget reflects the government's effort to balance sustained public investment with fiscal discipline, aiming to strengthen macroeconomic stability while accelerating Ethiopia's long-term economic transformation.
Ethiopia Advances Nat’l Electrification Roadmap to Achieve Universal Energy Access by 2035
Jun 29, 2026 1827
Addis Ababa, June 29, 2026 (ENA) — Ethiopia has advanced discussions on its National Electrification Program (NEP 3.0), bringing together government institutions, development partners, the private sector, and international stakeholders. The discussions aimed at charting a roadmap toward achieving universal access to reliable, affordable, and sustainable electricity by 2035. The consultation, organized by the Ministry of Water and Energy (MoWE) at the Hilton Hotel today, focused on the implementation strategy for NEP 3.0, the country's latest long-term electrification framework designed to expand both grid and off-grid electricity access while accelerating inclusive economic development. Opening the forum, State Minister of Water and Energy Sultan Welle described NEP 3.0 as Ethiopia's strategic blueprint for delivering universal electricity access by 2035. "Reliable, affordable and sustainable electricity is not merely an infrastructure objective. It is the foundation for economic transformation, improved livelihoods and inclusive social development," the State Minister said. He noted that Ethiopia has made significant progress under the previous phases of the National Electrification Program by expanding electricity access, strengthening institutional capacity, and mobilizing investments. He added that NEP 3.0 seeks to build on these achievements while creating greater opportunities for private-sector participation to accelerate nationwide electrification. The discussion brought together representatives from the World Bank, Ethiopian Electric Power (EEP), Ethiopian Electric Utility (EEU), government institutions, development partners, non-governmental organizations, and other key stakeholders. The updated electrification roadmap follows recent World Bank findings indicating that approximately 65 percent of Ethiopians had access to electricity in 2025, although access remains uneven, with rural communities continuing to lag behind urban areas. According to the Ministry, NEP 3.0 will employ advanced geospatial least-cost planning to identify the most efficient mix of grid expansion, mini-grids, and standalone renewable energy systems. The program also prioritizes demand forecasting, investment planning, and the identification of high-impact electrification projects to maximize economic and social benefits while ensuring efficient use of public resources. The strategy further aims to strengthen institutional coordination, improve financial sustainability, reduce technical and commercial losses, and enhance service quality across Ethiopia's rapidly expanding electricity network. Ethiopia has significantly expanded its electricity infrastructure over the past two decades, increasing the number of grid-connected towns and villages while investing in hydroelectric, geothermal, wind, solar, and regional power interconnections. However, despite notable progress, an estimated 35 percent of households still lack access to electricity, underscoring the need for accelerated implementation of the country's next electrification phase. With NEP 3.0, Ethiopia seeks to close the remaining access gap by combining public investment, private-sector participation, and international development support to deliver universal electricity access by 2035. This objective viewed as critical to accelerating industrialization, improving public services, enhancing rural livelihoods, and driving long-term economic growth, it was learned.
Ethiopia, Italy Sign €70 Million Concessional Budget Support Loan
Jun 29, 2026 1526
Addis Ababa, June 29, 2026 (ENA)— Ethiopia and Italy have today signed a €70 million concessional budget support loan to be utilized for the third Development Policy Operation (DPO3), which will be aligned with financing to be obtained from the World Bank. The agreement was signed between Finance Minister Ahmed Shide and the Italian Ambassador to Ethiopia, Sem Fabrizi. Speaking during the signing ceremony, the Finance Minister stated that the agreement comes at a pivotal juncture in Ethiopia's macroeconomic transition, where sustaining reform momentum and safeguarding stability remain paramount. According to him, the agreement directly supports Ethiopia's transformative agenda under the Development Policy Operation (DPO3), which focuses on strengthening economic management and fiscal sustainability, promoting private sector-led growth, and enhancing resilience, inclusion, and climate sustainability. He further stated that the supported reforms are designed to address binding structural constraints across key sectors. In energy, they will expand access and enable private participation. In agriculture, they will strengthen markets and productivity. In water, they will improve sustainability and climate resilience. These reforms will translate into tangible outcomes: expanded access to essential services, increased productivity and incomes, and greater resilience to shocks, particularly for vulnerable communities. “Today's signing represents more than financing. It is a strong vote of confidence in Ethiopia's reform trajectory and a reaffirmation of our enduring partnership with Italy. Together, we will continue to advance inclusive, resilient, and sustainable growth for our people,” he said. Ambassador Sem Fabrizi, for his part, stated that the agreement aims to support macroeconomic reforms carried out by the Government of Ethiopia under the leadership of Prime Minister Abiy Ahmed regarding the climate-resilient policy that Ethiopia is embarking upon. The agreement we signed today will be utilized to carry out the third Development Policy Operation (DPO3) aligned with financing obtained from the World Bank, he added.
Ethiopian National Quality Management Capacity Enhancement Project Launched to Boost Agro Competitiveness
Jun 29, 2026 1375
Addis Ababa, June 29, 2026 (ENA)—The Ministry of Trade and Regional Integration, in collaboration with the Korea International Cooperation Agency (KOICA) and the Korean Technical Cooperation (KTC), inaugurated a five-year initiative today. This initiative, named the “Ethiopian National Quality Management Capacity Enhancement Project,” aims to strengthen the competitiveness of agricultural and processed agricultural products. Speaking on the occasion, Trade and Regional Integration State Minister Endalew Mekonnen said the project represents a major milestone in the long-standing partnership between Ethiopia and South Korea, describing the relationship as grounded in mutual respect, shared values, and a common aspiration for sustainable development and inclusive economic growth. He emphasized that competitiveness in the global market increasingly depends on quality, safety, reliability, and compliance with international standards, not only on what countries produce. He noted that the initiative goes beyond upgrading laboratories or equipment, saying it focuses on building stronger national quality infrastructure institutions to support industrialization, export performance, consumer protection, innovation, and sustainable economic growth. According to him, the project will enhance Ethiopia’s capacity in areas such as standard development, testing, inspection, certification, accreditation, and quality regulatory systems, while also strengthening human resources, which is essential for ensuring long-term sustainability. The state minister added that, as Ethiopia advances regional integration under the African Continental Free Trade Area (AfCFTA) and expands participation in global value chains, strengthening national quality infrastructure has become a strategic priority. Endalew revealed the project will run for five years, with official development assistance totaling 10 million USD provided by the Government of the Republic of Korea. On his part, KOICA Ethiopia Office Deputy Country Director, Shin Seunghee said the organization is “thrilled to commence a full-scale implementation of this initiative,” emphasizing that the milestone reflects the enduring friendship and long-standing development cooperation between South Korea and Ethiopia. He said that the project will help enhance testing, inspection, and quality control regulations over the coming five years, helping Ethiopian products meet technical requirements for trade, reduce barriers to market access, and ultimately support food exports and export-related revenue. The initiative also intends to create sustainable livelihoods for farmers and processors by promoting higher standards of production and execution, he added. The project is another important step in Ethiopia’s progress toward sustainable economic growth and social development, he emphasized, reaffirming KOICA’s commitment to ensure it delivers results that benefit the Ethiopian people for generations to come. Accordingly, the project intends to deliver measurable results and leave a lasting legacy by improving Ethiopia’s national quality systems and boosting the competitiveness of its agro-processing sector.
Saudi Companies Express Interest in Investing in Ethiopia
Jun 29, 2026 1459
Addis Ababa, June 29, 2026 (ENA)— Saudi Arabia-based Jo Drinks Factory and Soil Roasters, companies operating in different sectors, have expressed their interest in investing in Ethiopia. A high-level Ethiopian diplomatic delegation led by Deputy Head of Mission at the Embassy of Ethiopia in Saudi Arabia, Ambassador Awel Wegris Mohammed, visited the two companies' production facilities located in the Second Industrial City in Dammam. According to the social media post of the ministry, during the visit, Ambassador Awel briefed the companies' senior executives on Ethiopia's ongoing macroeconomic reforms, favorable investment policies, and the country's Integrated Agro-Industrial Parks (IAIPs), highlighting the investment opportunities available in Ethiopia. Jo Drinks Factory, a producer of non-alcoholic beverages, reaffirmed its strong interest in investing in Ethiopia. The company also expressed its intention to manufacture its products in Ethiopia for both the domestic and international markets, as well as supply Ethiopian Airlines. Soil Roasters, which imports and roasts Ethiopia's specialty coffees—including Guji, Chelchele, Sidama Bombe, and Yirgacheffe—announced its decision to source coffee directly from Ethiopian producers and cooperatives, eliminating intermediaries in its supply chain. Ambassador Awel invited the executives of both companies to undertake an official pre-investment visit to Ethiopia to explore the country's investment opportunities firsthand. He also assured them that the Ethiopian Embassy in Riyadh stands ready to provide all the necessary support to facilitate their investment plans. The successful visit is expected to strengthen commercial ties between Ethiopia and Saudi Arabia by linking Ethiopia's agricultural and manufacturing potential with Saudi Arabia's investment capital and market opportunities, thereby further enhancing trade and investment cooperation between the two countries.
PM Abiy Inaugurates Entoto–Kebena River and Riverside Development Project in Addis Ababa
Jun 28, 2026 1855
Addis Ababa, June 28, 2026 (ENA)—Prime Minister Abiy Ahmed has officially inaugurated the Entoto–Kebena River and Riverside Development Project in Addis Ababa earlier this afternoon. Announcing the development on social media, the Prime Minister described the project as a major milestone in the city’s ongoing urban transformation agenda. The project spans 87.6 hectares along a 10.5-kilometre stretch of river corridor and includes integrated flood protection systems, modern bridges, and expansive green public spaces designed to enhance the urban environment and improve the riverfront landscape. Prime Minister Abiy further noted that the initiative extends beyond physical infrastructure, representing a strategic step toward transforming Addis Ababa into a climate-resilient, highly livable city and a competitive global hub for tourism and economic activity. He reaffirmed the government’s commitment to improving citizens’ quality of life through sustained development efforts. “We remain deeply committed to advancing our journey to enhance our citizens’ quality of life and bring about transformative change, fulfilling the public trust placed upon us with loyalty, resilience, diligence, and sincerity,” the Prime Minister said.
Election Verdict, Reform Momentum, and Regional Dynamics Define Ethiopia's Week
Jun 28, 2026 3322
By Staff Writer June 28, 2026 (ENA) The fourth week of 2026 marked one of the most consequential periods in Ethiopia’s recent political and economic calendar. Three defining developments dominated the national agenda: the official conclusion of the country’s Seventh General Election, growing evidence that the Homegrown Economic Reform Agenda is translating into tangible results following the landmark Ethiopia Delivers National Summit, and renewed debate over regional security amid evolving geopolitical dynamics in the Horn of Africa. Taken together, these developments portray a country simultaneously consolidating its democratic institutions, advancing structural economic transformation, and navigating an increasingly complex regional security environment. They also underscore Ethiopia’s determination to strengthen national resilience while reinforcing its strategic position in one of Africa’s most geopolitically significant regions. Election Delivers a Renewed Political Mandate The National Election Board of Ethiopia (NEBE) officially announced the final results of Ethiopia’s Seventh General Election for both the House of People’s Representatives and Regional State Councils, confirming a decisive victory for the ruling Prosperity Party. Securing an overwhelming majority in both the federal parliament and regional councils, the Prosperity Party received a renewed public mandate to continue implementing its reform agenda. Beyond determining political leadership, the election represented another milestone in Ethiopia’s evolving democratic journey. The peaceful conduct of the polls and broad citizen participation reinforced the importance of constitutional institutions and electoral processes in shaping the country’s political future. The election outcome also generated swift international recognition. Leaders from Malaysia, India, Burundi, Qatar, Pakistan, and several other partner nations extended congratulations to Prime Minister Abiy Ahmed and the Prosperity Party while reaffirming their commitment to strengthening bilateral cooperation with Ethiopia. China and Russia likewise welcomed the election outcome, reiterating their intention to deepen diplomatic and economic ties with the East African nation. Collectively, these responses reflected Ethiopia’s growing diplomatic relevance and the international community’s continued engagement with one of Africa’s most influential and strategically important countries. Economic Reforms Move from Policy to Performance Equally significant was the successful conclusion of the Ethiopia Delivers National Summit, held under the theme “From Reform to Lasting Change.” The summit offered perhaps the clearest evidence yet that Ethiopia’s Homegrown Economic Reform Agenda is moving beyond policy design into measurable economic outcomes. Rather than highlighting isolated achievements, the summit presented a comprehensive picture of structural transformation, illustrating how reforms in public finance, agriculture, mining, manufacturing, infrastructure, digital technology, urban development, and investment promotion are reinforcing one another to build a more competitive, resilient, and diversified economy. Opening the summit, Prime Minister Abiy Ahmed described the reform agenda as a long-term nation-building project rather than a series of short-term policy adjustments. Framing the reforms through the philosophy of Medemer, he emphasized that economic modernization, digital transformation, institutional reform, and social development are mutually reinforcing pillars of sustainable national progress. Among the most notable achievements presented were the reduction of inflation from above 30 percent to single digits and projected economic growth of 10.2 percent for the current fiscal year—figures that position Ethiopia among Africa’s fastest-growing economies. The Prime Minister also highlighted the expanding role of the national digital identification system, FAYDA, in widening financial inclusion, improving public service delivery, and unlocking economic opportunities for millions of Ethiopians. Complementing the Prime Minister’s address, senior government officials detailed ongoing fiscal, monetary, investment, and sectoral reforms that are strengthening macroeconomic stability while expanding productive capacity across strategic sectors. Collectively, the summit reinforced growing confidence that Ethiopia’s reform agenda is steadily evolving from ambitious policy commitments into tangible economic transformation. National Dialogue Advances Toward Inclusive Consensus Another significant milestone during the week came from the Ethiopian National Dialogue Commission (ENDC), which officially unveiled the eight thematic agenda pillars that will guide the country’s forthcoming national consultation forum. Developed through years of nationwide consultations and one of the most extensive public engagement processes in Ethiopia’s history, the framework provides a structured roadmap for addressing long-standing political, social, governance, and historical questions through inclusive, peaceful, and nationally owned dialogue. The announcement marks an important step toward institutionalizing consensus-building and creating an inclusive platform for addressing issues central to Ethiopia’s long-term stability and national cohesion. Security Concerns Continue to Shape Regional Dynamics While political and economic developments projected confidence, regional security remained a defining feature of the week’s national discourse. Addressing a national security conference organized by the Ethiopian National Defense College in Addis Ababa, East African Affairs Advisor to the Prime Minister, Getachew Reda, argued that the Eritrean regime continues to pursue a long-standing strategic objective of weakening Ethiopia. According to the advisor, Eritrea’s security calculations have historically been closely linked to Ethiopia’s internal stability. A peaceful, united, and economically prosperous Ethiopia, he argued, fundamentally challenges the strategic assumptions upon which the Eritrean regime has long depended. His remarks added fresh momentum to ongoing discussions surrounding regional security and the evolving geopolitical landscape of the Horn of Africa. Similar concerns were echoed by the Eritrean opposition movement known as the Green Revolution. In an interview with ENA, the movement’s chairman, Mohammed Ahmed Asenai, described the Eritrean government as a principal source of instability across the region. According to Asenai, the regime has historically prolonged its rule by exploiting regional conflicts and supporting armed groups throughout the Horn of Africa. He argued that achieving lasting regional peace will ultimately require addressing Eritrea’s internal political crisis alongside broader regional peace-building efforts. The convergence of these perspectives from both Ethiopian officials and Eritrean opposition figures has intensified debate over the future security architecture of the Horn of Africa and the importance of addressing the structural drivers of regional instability. The Bigger Picture Taken together, this week’s developments illustrate three defining priorities shaping Ethiopia’s national trajectory: democratic consolidation, structural economic transformation, and national security. The official election results have provided renewed political legitimacy for the government’s reform agenda. The Ethiopia Delivers National Summit demonstrated that comprehensive economic reforms are increasingly translating into measurable gains in macroeconomic stability, investment, and institutional modernization. At the same time, progress in the National Dialogue process signals a growing commitment to resolving long-standing national questions through peaceful and inclusive consultation, while ongoing security discussions underscore the importance of protecting these gains within an increasingly complex regional environment. As Ethiopia advances its ambitious development agenda, the interaction between democratic governance, economic reform, national dialogue, and regional security will continue to shape the country’s future. The fourth week of 2026 demonstrated that these are not separate national conversations, but interconnected pillars supporting Ethiopia’s broader pursuit of lasting peace, sustainable prosperity, and strategic stability.
Ethiopian Cargo Wins 2026 AFLAS Award as Africa’s Best Air Cargo Carrier
Jun 28, 2026 1074
Addis Ababa, June 28, 2026 (ENA)—Ethiopian Cargo has been named Best Air Cargo Carrier – Africa at the 2026 Asia Freight, Logistics and Supply Chain (AFLAS) Awards, earning one of the industry’s most respected honors. The award is determined through votes cast by freight forwarders, logistics professionals, and customers, reflecting the confidence of key stakeholders across the global supply chain, it was learned. The recognition underscores Ethiopian Cargo’s continued leadership in Africa’s air freight industry, driven by sustained investment in world-class cargo infrastructure, strategic global partnerships, and innovative logistics solutions. These efforts have further strengthened the airline’s ability to facilitate international trade, enhance supply chain efficiency, and connect businesses across Africa, Asia, Europe, the Middle East, and the Americas. Receiving the prestigious AFLAS Award reinforces Ethiopian Cargo’s growing reputation as a trusted global logistics provider and highlights its commitment to operational excellence, reliability, and customer-focused service. Ethiopian Airlines expressed its appreciation to its customers, business partners, and dedicated employees, noting that their continued trust, collaboration, and commitment have been instrumental in achieving this milestone.
Ethiopia Showcases Renewable Energy Progress at BRICS Energy Summit
Jun 26, 2026 2884
Addis Ababa, June 26, 2026 (ENA)__ Ethiopia has highlighted its renewable energy achievements and future energy ambitions during the 11th BRICS Energy Ministers' Meeting held in India. During the occasion, the country reaffirmed its commitment to achieving universal electricity access by 2030, according to the Ministry of Foreign Affairs. Ethiopia also emphasized ongoing investments in grid modernization, energy storage, transmission infrastructure, and off-grid electrification. Accordingly, the country also announced efforts to develop nuclear energy for peaceful purposes and harness green hydrogen for fertilizer production, e-mobility, and exports. Ethiopia further welcomed India's proposal to establish a BRICS Digital Centre of Excellence for Smart Grids and Energy Storage, describing it as an important platform for technology cooperation and knowledge sharing. During the summit, the East African nation reiterated its commitment to attracting private investment, strengthening regional energy connectivity, and advancing the BRICS vision of “Energy for All.” Ethiopia is successfully transforming into a renewable energy powerhouse, generating more than 96 percent of its current energy consumption from renewable sources, positioning the country among global leaders in green energy development. India is hosting the 11th BRICS Energy Ministers' Meeting on June 25–26, 2026, with the target to deliberate on key global energy challenges and opportunities and to advance practical cooperation across the energy sector. The meeting brought together Energy Ministers, Vice Ministers, and senior officials from BRICS member countries, it was learned.
Ethiopia's Transformation Driven by Deliberate Vision, Homegrown Reforms: PMO Press Secretary
Jun 25, 2026 2205
Addis Ababa, June 25, 2026 (ENA)__Ethiopia's remarkable transformation over the past seven to eight years has been driven by deliberate planning, strategic vision, and a commitment to unlocking the country's vast untapped potential, the Press Secretary for the Office of the Prime Minister, Billene Seyoum, said. Billene made the remarks during the Ethio-UK Trade and Investment Forum 2026 held in London, an event aimed at strengthening trade, investment, and broader economic cooperation between Ethiopia and the United Kingdom. Speaking on Ethiopia's development priorities, she emphasized that the country's progress is firmly anchored in the Homegrown Economic Reform Agenda, a comprehensive framework designed to accelerate sustainable growth, enhance competitiveness, and lay the foundation for long-term prosperity. Billene revealed that agriculture remains the backbone of Ethiopia's economy and a central pillar of the reform agenda. Mining has also emerged as a strategic growth sector, while manufacturing and industrialization represent significant untapped opportunities capable of attracting greater domestic and foreign investment. "The transformation we are witnessing today is rooted in deliberate thinking and deliberate strategizing aimed at enabling Ethiopia to realize its immense potential," she said. Billene further identified information and communication technologies (ICT) and digitalization as key pillars of Ethiopia's economic transformation, describing them as both strategic sectors and cross-cutting enablers that support growth across the broader economy. While energy is not categorized as a standalone pillar within the reform agenda, she stressed that it remains a critical enabler underpinning progress in agriculture, mining, manufacturing, and digital transformation. Reflecting on Ethiopia's digital journey, Billene highlighted the country's rapid technological advancement over the past decade. Less than eight years ago, she recalled, access to basic ATM services was considered a notable achievement. Today, Ethiopia is embracing advanced digital solutions and emerging technologies at an unprecedented pace. She underscored Prime Minister Abiy Ahmed's commitment to digital transformation, noting that Ethiopia seeks not merely to follow traditional development pathways but to leapfrog stages of technological advancement by drawing on global experiences and innovations. "The advantage for Ethiopia as a country with enormous untapped potential is its ability to learn from the successes and challenges of others, adopt emerging technologies, and adapt them to its own national realities and development aspirations," she stated. Billene further stated that this forward-looking strategy is enabling Ethiopia to accelerate modernization, expand economic opportunities, strengthen competitiveness, and build a more resilient and digitally empowered future.
Fastest-Transforming Tourism: Illuminating Ethiopia’s Breathtaking Beauties
Jun 25, 2026 2258
By Ambaye Woretaw Rapidly Emerging as a Global Tourism Powerhouse Across Africa, few countries are transforming their tourism sectors as rapidly and comprehensively as Ethiopia. Long celebrated for its ancient history and cultural depth, the East African nation is now emerging as one of the world’s fastest-growing travel destinations. Strengthening its status as a leading travel hub, it is drawing a surge of international and domestic visitors eager to experience its remarkable history, diverse cultures, and breathtaking landscapes. Today, Ethiopia offers a unique blend of timeless heritage and modern development. From spectacular natural wonders and UNESCO-recognized historical treasures to newly developed world-class tourism destinations, the country is reshaping its global image and unlocking opportunities that were once overlooked. Driven by ambitious national initiatives, strategic infrastructure investments, and visionary leadership, Ethiopia is steadily establishing itself as a destination where history, culture, nature, and innovation converge. A Land Blessed with Extraordinary Natural Wonders Ethiopia possesses one of the most diverse and dramatic landscapes on Earth. Its breathtaking scenery ranges from soaring mountain peaks and lush highlands to vast lakes, deep caves, and one of the hottest places on the planet. Among the country’s most remarkable natural attractions is the UNESCO-listed Simien Mountains National Park, renowned for its rugged cliffs, endemic wildlife, and spectacular trekking routes. Equally captivating is the Danakil Depression, a surreal landscape of colorful mineral formations, salt flats, and geothermal activity that has fascinated scientists and adventurous travelers from around the world. The country’s rich natural treasures also include the Bale Mountains National Park, home to rare wildlife species and vast Afro-alpine ecosystems; the majestic Blue Nile Falls (Tis Abay); the serene waters of Lake Tana and Lake Hawassa; the scenic Lake Abijatta; and the magnificent Sof Omar Cave, one of Africa’s largest and most impressive cave systems. Together, these destinations make Ethiopia one of Africa’s most diverse eco-tourism destinations and a paradise for nature enthusiasts, researchers, and adventure travelers. The Cradle of Civilization and Human History Few nations can rival Ethiopia’s historical depth. Widely recognized as one of the birthplaces of human civilization, Ethiopia offers a journey through thousands of years of history, from the earliest traces of humankind to the legacies of powerful kingdoms and medieval empires. The country is home to the highest number of UNESCO World Heritage Sites in Africa, reflecting its immense contribution to world history, culture, and civilization. Among Ethiopia’s most iconic landmarks are the Rock-Hewn Churches of Lalibela, often described as the Eighth Wonder of the World; the historic castles of Fasil Ghebbi in Gondar; the ancient stelae of Aksum; and the walled city of Harar Jugol, one of Islam’s most significant cultural centers. Equally important are the Lower Valleys of the Awash and Omo, where some of humanity’s earliest ancestors were discovered, earning Ethiopia global recognition as a cradle of humankind. These remarkable sites provide visitors with an unparalleled opportunity to experience the origins of civilization, religion, architecture, and culture. A Living Museum of Cultural Heritage Beyond its historical monuments, Ethiopia is home to one of Africa’s richest and most vibrant living cultures. The country’s extraordinary cultural diversity is reflected in its languages, traditions, festivals, music, cuisine, and social institutions that have been preserved and celebrated for centuries. Several Ethiopian traditions have been inscribed on UNESCO’s Representative List of the Intangible Cultural Heritage of Humanity, including the colorful Meskel Festival, the indigenous Geda System, Timket (Ethiopian Epiphany), and Fichee-Chambalaalla. These living traditions continue to attract visitors seeking authentic cultural experiences and meaningful connections with local communities. UNESCO recognition has further strengthened Ethiopia’s international tourism appeal by providing global validation of the country’s unique historical and cultural significance, encouraging travelers from across the world to explore its treasures. Restoring the Past to Build the Future In recent years, Ethiopia has intensified efforts to preserve and restore its invaluable cultural and historical assets. Under the leadership of Prime Minister Abiy Ahmed, heritage conservation has become a central pillar of the country’s tourism transformation strategy. Major restoration projects have been undertaken at some of Ethiopia’s most iconic landmarks, including Fasil Ghebbi in Gondar, the National Palace in Addis Ababa, Harar Jugol, and the historic Jimma Abba Jifar Palace. These restoration initiatives serve a dual purpose: safeguarding Ethiopia’s rich cultural legacy for future generations while creating new opportunities for tourism-driven economic growth. The revitalization of these landmarks is not only preserving history but also generating employment, attracting investment, and enhancing the country’s global tourism profile. Unlocking Ethiopia’s Tourism Potential Through Visionary Leadership At the center of Ethiopia’s tourism transformation is a bold national vision championed by Prime Minister Abiy Ahmed. His strategy seeks to unlock the country’s immense tourism potential through sustainable eco-tourism, environmental conservation, historic preservation, and urban renewal. This vision has been brought to life through the landmark “Dine” initiative series—Dine for Sheger, Dine for Nation, and Dine for Generations. These three ambitious programs that are fundamentally reshaping Ethiopia’s tourism landscape. Dine for Sheger: Reimagining the Capital The Dine for Sheger initiative has transformed Addis Ababa through extensive urban renewal projects focused on river rehabilitation, environmental restoration, and public recreation. Stretching approximately 56 kilometers from Entoto to the Akaki River corridors, the project has introduced expansive green spaces, walking trails, recreational facilities, and public parks. Flagship destinations developed under the initiative include Friendship Park, Unity Park, and Entoto Natural Park, all of which have become major attractions for residents and visitors alike. Dine for Nation: Showcasing the Nation’s Natural Beauty Building upon the success of urban renewal efforts, Dine for Nation focuses on developing world-class tourism destinations across the country. The initiative seeks to stimulate economic growth while significantly increasing domestic and international tourism. Among its flagship projects are the breathtaking Gorgora Eco-Resort overlooking Lake Tana, the scenic Wonchi tourism destination, the spectacular Koysha development, and the historic Halala Kella resort. These projects have introduced new standards of hospitality and destination management while showcasing Ethiopia’s extraordinary natural and cultural assets. Dine for Generations: Building Sustainable Tourism for the Future The Dine for Generations initiative represents the next phase of Ethiopia’s tourism strategy. The program focuses on expanding eco-lodges, sustainable tourism investments, and community-centered visitor experiences designed to create long-term economic benefits. Projects such as Denbi Eco Lodge and Niin Lee Palm Lodge exemplify this approach, combining environmental sustainability with premium tourism experiences. The inauguration of Haro Dandi Lodge in April 2026 marked another significant milestone in Ethiopia’s tourism transformation journey. On that occasion, Prime Minister Abiy Ahmed emphasized that tourism is increasingly becoming a decisive force in Ethiopia’s development strategy and a cornerstone of a more diversified and sustainable economy. Addis Ababa: Africa’s Diplomatic and Conference Tourism Capital Beyond leisure tourism, Ethiopia is rapidly becoming one of Africa’s leading destinations for conferences, international meetings, and diplomatic events. As the headquarters of the African Union and numerous international organizations, Addis Ababa has long served as the political and diplomatic capital of Africa. Massive investments in transportation infrastructure, hospitality facilities, convention centers, and urban modernization have further strengthened the city’s attractiveness as a premier destination for international conferences and business tourism. The growing conference tourism sector continues to contribute significantly to foreign exchange earnings, investment promotion, and global engagement. A Tourism Renaissance in Motion Ethiopia’s tourism sector is experiencing a remarkable renaissance. The country is witnessing record growth in visitor arrivals, expanding tourism infrastructure, and increasing international recognition. This momentum is driven by a unique combination of extraordinary natural beauty, world-renowned cultural heritage, strategic investments, and visionary national leadership. From the ancient rock-hewn churches of Lalibela to the stunning landscapes of the Simien Mountains, from the revitalized parks of Addis Ababa to the newly developed eco-resorts across the country, Ethiopia is unveiling its countless treasures to the world. As the nation continues to invest in preservation, sustainability, and destination development, tourism is rapidly emerging as a powerful engine of economic growth and national transformation. The message is becoming increasingly clear. Ethiopia is not merely participating in Africa’s tourism growth story. It is helping to redefine it.
Ethiopia Reaches Another Major Milestone in WTO Accession Journey
Jun 25, 2026 2747
Addis Ababa, June 25, 2026 (ENA)__Ethiopia has secured another significant breakthrough in its bid to join the World Trade Organization (WTO), signing a Bilateral Market Access Protocol with New Zealand at WTO headquarters in Geneva. The agreement marks a key step forward in Ethiopia’s long-running accession process and reflects the steady progress the country is making toward integrating more deeply into the global trading system. The Protocol was signed by Tsegab Kebebew, Ethiopia’s Permanent Representative to the United Nations Office at Geneva and other international organizations in Switzerland, and Clare Kelly, New Zealand’s Permanent Representative to the WTO and current Chair of the WTO General Council. Speaking during the signing ceremony, Ambassador Tsegab described the agreement as a reflection of the growing economic partnership between Ethiopia and New Zealand, as well as their shared commitment to promoting an open, transparent, and rules-based multilateral trading system. He emphasized that WTO membership remains a strategic national priority and an integral component of Ethiopia’s ongoing economic reform agenda. The ambassador further noted that Ethiopia’s accession efforts are aimed at enhancing trade competitiveness, attracting investment, expanding market opportunities, and accelerating sustainable economic growth. Ambassador Clare Kelly congratulated Ethiopia on reaching the milestone and reaffirmed New Zealand’s strong support for the country’s WTO accession process. She expressed confidence in Ethiopia’s continued progress and reiterated New Zealand’s commitment to supporting its successful integration into the global trading framework. The signing of the Bilateral Market Access Protocol represents another important achievement in Ethiopia’s WTO negotiations, bringing the country one step closer to full membership in the organization and reinforcing its commitment to economic modernization, international trade, and deeper engagement with the global economy.
Ethiopia Making Headway in Building Secure, Resilient Digital Ecosystem: INSA
Jun 25, 2026 2688
Addis Ababa, June 25, 2026 (ENA)__Ethiopia has made significant strides toward building a secure and resilient digital ecosystem, Information Network Security Administration (INSA) Director-General, Tigist Hamid, said. Addressing an international conference on cybersecurity and artificial intelligence in Addis Ababa Thursday, the Director-General noted that Ethiopia's national cybersecurity policy was comprehensively revised in 2024 to reflect emerging technological realities, evolving cyber threats, and international best practices. Accordingly, the country has established a legal and institutional framework aimed at strengthening trust and confidence in the digital environment. Tigist cited several laws and proclamations designed to protect citizens and national interests, including measures related to critical information infrastructure, infrastructure protection, personal data protection, electronic transactions, electronic signatures, telecom fraud, and crime. Ethiopia has continued to expand its cybersecurity capabilities through structured defense mechanisms, including security operations centers, advanced threat intelligence capabilities, cyber incident response systems, and continuous monitoring frameworks, according to the Director-General. She linked the push for digital security to Ethiopia’s broader development agenda, saying a secure digital ecosystem is essential to national sovereignty, economic resilience, and sustainable development. Furthermore, Tigist emphasized on the needs for investments in cybersecurity education, advanced technical training, research and innovation, and youth talent development, calling for stronger cooperation with governments, international organizations, academia, industry leaders, and development partners. For her part, UNECA Deputy Executive Secretary Mama Keita said cybersecurity should not be viewed only as a technical function within ICT departments, but as an indispensable pillar for socioeconomic resilience since digital payments, online services, and platforms depend on trust, including the reliability of systems and protection of data. She noted that artificial intelligence is these days reshaping institutions by generating knowledge, creating content, supporting decision-making, and altering how sectors operate. The Deputy Executive Secretary warned that while AI can strengthen cybersecurity through faster threat detection and improved fraud prevention, cyber criminals can also use AI to automate attacks, exploit vulnerabilities at scale, and undermine trust. Keita stressed that the solutions for this must be collaborative, involving governments, the private sector, academia, and international organizations. She noted that Africa must take active role in shaping digital futures rather than only adopting developments made elsewhere.
Ethiopia’s Economic Reform Delivering Tangible Results Across Sectors, Says PM Abiy
Jun 23, 2026 2667
Addis Ababa, June 23, 2026 (ENA)__Prime Minister Abiy Ahmed said Ethiopia’s Homegrown Economic Reform Agenda is delivering substantial gains across key sectors, laying a foundation for sustainable prosperity and long-term national development for future generations. Speaking at the Ethiopia Delivers Summit, held under the theme “From Reform to Lasting Change,” Prime Minister Abiy highlighted the significant progress achieved through the country’s reform program and reaffirmed the government's commitment to sustaining Ethiopia’s transformation journey. The Prime Minister noted that Ethiopia, a nation with an ancient civilization and a long history of safeguarding its sovereignty, continues to demonstrate its capacity to overcome challenges through national unity and determination. He pointed to the successful construction of the Grand Ethiopian Renaissance Dam (GERD) as a powerful example of what Ethiopians can achieve through collective effort and self-reliance. The Prime Minister stated that the Homegrown Economic Reform Agenda is not only accelerating economic growth but also creating broad-based opportunities that will enable future generations to inherit a stronger and more prosperous nation. Highlighting key economic achievements, PM Abiy said Ethiopia has entered a new phase of development. Particularly, the Premier cited the significant reduction of inflation from above 30 percent to single-digit levels as evidence of the reform program’s effectiveness. He further noted that enhanced export competitiveness is expected to help Ethiopia achieve an estimated 10.2 percent economic growth rate during the current fiscal year, positioning the East African nation among the fastest-growing economies in Africa. The Prime Minister emphasized that these achievements are the result of carefully designed and consistently implemented macroeconomic reforms rather than short-term measures. He stressed that the benefits of the reform program are increasingly reaching citizens and strengthening the foundations of long-term economic resilience. PM Abiy also underscored the central role of the Medemer (Synergy) philosophy in driving the reform process. He further described it as a framework that promotes cooperation, inclusiveness, and the integration of diverse efforts toward common national goals. “Medemer is the true expression of togetherness,” he said, noting that sustainable progress is achieved when institutions, communities, and stakeholders work collectively to reinforce one another’s contributions. The Prime Minister added that Ethiopia is continuing to intensify efforts to sustain diversified economic growth while expanding opportunities across key sectors. He stressed that stronger partnerships and greater collaboration will be essential to accelerating the country’s comprehensive transformation agenda. PM Abiy reaffirmed the government's commitment to consolidating Ethiopia’s resurgence, expanding the benefits of development to all citizens, and building a stronger, more prosperous nation for future generations.
Ethiopia Calls for Faster Progress on Electrification, Access and Affordability
Jun 23, 2026 1252
Addis Ababa, June 23, 2026 (ENA)__ Foreign Minister and COP32 President-Designate Gedion Timothewos has called for faster progress on expanding electricity access and improving the affordability of climate finance while addressing the Global Electrification Dialogue during the London Climate Action Week. The meeting, convened by the International Energy Agency (IEA) and the COP31 Presidency of Türkiye and Australia, brought together ministers, international organizations, and energy experts focused on the implementation of global climate goals. The discussions centered on how to scale up clean electricity systems while delivering on existing climate commitments. A key proposal under consideration is a target to raise electrification to 35 percent of global final energy consumption by 2035. According to the Ministry of Foreign Affairs, Gedion supported the objective, saying it could help translate climate pledges into concrete investments in power generation, transmission networks, grid expansion, and clean cooking access. He stressed that financing remains the main constraint for many developing economies. Even when renewable energy projects are viable, high borrowing costs often delay or prevent implementation. This, he noted, reflects perceived risks related to currency volatility, political conditions, and regulatory uncertainty. The Minister called for stronger international risk-mitigation instruments, including guarantees, insurance mechanisms, and expanded access to local-currency financing. He also emphasized that electrification should be understood as more than a decarbonization tool. Expanding access to reliable electricity is central to economic development, energy security, and industrial growth, particularly in countries where energy access gaps remain significant, Gedion noted. The dialogue forms part of the preparatory process for COP31, where governments are expected to focus increasingly on the implementation of existing commitments. Held during London Climate Action Week, the event served as an informal platform for shaping priorities ahead of the next round of UN climate negotiations.
UNECA Chief Hails Ethiopia as Model of Transformative Reform
Jun 23, 2026 2815
Addis Ababa, June 23, 2026 (ENA)__ United Nations Under-Secretary-General and Executive Secretary of the United Nations Economic Commission for Africa, Claver Gatete, has hailed Ethiopia as a compelling example of transformative reform. The executive secretary cited the country’s achievements in environmental restoration, renewable energy, sustainable transport, and aviation as evidence of its growing global influence. Speaking at the Ethiopia Delivers Summit, Gatete highlighted Ethiopia’s ambitious Green Legacy Initiative, the energy transformation driven by the Grand Ethiopian Renaissance Dam (GERD), the country’s transition toward e-mobility, and the continued expansion of Ethiopian Airlines as key pillars underpinning Ethiopia’s development trajectory. According to the ECA Executive Secretary, these initiatives demonstrate how strategic reforms and long-term investments can drive inclusive growth while advancing sustainability and economic resilience. Gatete further noted that Ethiopia’s rising international profile is perhaps most clearly reflected in its selection to host COP32, describing the decision as a powerful recognition of the country's leadership on climate action and sustainable development. “The choice of Ethiopia to host COP32 sends a strong message that Africa is not merely responding to global challenges but is increasingly helping shape solutions and lead global conversations,” he emphasized. Reaffirming the ECA’s commitment to Ethiopia’s development agenda, Gatete pledged the Commission’s continued support for the country’s reform efforts and broader aspirations for economic transformation, while underscoring the importance of advancing Africa’s collective development objectives. The summit, held under the theme “From Reform to Lasting Change,” also featured remarks by Prime Minister Abiy Ahmed, who called on Ethiopians to sustain the momentum of national development and build on the gains achieved through years of reform. The Prime Minister stressed that nation-building remains a shared and ongoing responsibility, requiring the active participation of all citizens. Reflecting on landmark achievements such as the GERD, the Premeir noted that Ethiopia’s progress is the result of deliberate choices rooted in the spirit of Medemer—a philosophy centered on unity, cooperation, and collective advancement. “Our reforms are not an end in themselves; they are the foundation we lay for the generations that will come after us,” Abiy stated. Highlighting the intergenerational nature of development, the Prime Minister urged Ethiopians to carry forward the achievements of today and strive for even greater progress in the future. “I call on every Ethiopian to carry this spirit forward, to receive what we have built, and to rise higher still,” he said.
Foreign Academics Hail Addis Ababa's Remarkable Transformation
Jun 23, 2026 2488
Addis Ababa, June 22, 2026 (ENA)__Foreign academics working in Ethiopia have commended the remarkable transformation of Addis Ababa over the past decade, citing significant progress in infrastructure development, urban modernization, digitalization, and educational advancement. The academics noted that the Ethiopian capital has undergone sweeping changes that have reshaped its physical landscape and enhanced the quality of public services, positioning the city among Africa's rapidly modernizing urban centers. Ravindra Babu, a professor in the ICT Department at the Federal Technical and Vocational Training Institute (FDRE TVTI), said Addis Ababa has experienced a dramatic transformation during the ten years he has lived and worked in Ethiopia. "When I came 10 years back, it was somewhat different. Now, if you see, I'm really surprising myself. Am I in the same place or is it a different one? It is like a new birth," he said. According to Babu, the capital has evolved into a modern city characterized by improved road networks, cleaner surroundings, and greener public spaces. He added that similar developments can be observed in cities across the country. "Road infrastructure is modernized. Not only in Addis Ababa, even if you go to any city, there is very good road infrastructure. The cities have a rich look, and they are very clean and green," he stated. Babu also praised Ethiopia's favorable climate, describing it as one of the country's distinctive advantages. Echoing similar sentiments, Pan Liang, Director of the Confucius Institute at FDRE TVTI, said Addis Ababa has witnessed tremendous progress and is increasingly emerging as a modern metropolitan city that meets international standards. "One of the most impressive aspects is that the city is growing more and more like a modern metropolis at the international level," Pan said. He highlighted major urban development initiatives, including river corridor projects and modern infrastructure investments, which he said have significantly enhanced the city's appearance and functionality. "We have seen the riverbank project, improved infrastructure, clean streets, and modern facilities. The growing number of high-rise buildings, including the Commercial Bank of Ethiopia headquarters, gives a clear picture of what Addis Ababa has achieved during the last decade," he added. Beyond physical infrastructure, Babu underscored the substantial progress made in Ethiopia's education sector, particularly in the adoption of modern teaching and learning technologies. "When I came, only chalkboards were available. Now we have digital boards, touch screens, reliable internet services, and stable power supply," he said. He further noted that academic standards have improved significantly, with growing emphasis on accreditation, quality assurance, and research excellence aligned with international benchmarks. "The standards of teaching and learning have improved a lot. We are now talking about accreditation, and the quality of dissertations is reaching international standards," Babu said. The academics' observations reflect the far-reaching changes that have taken place in Addis Ababa and Ethiopia's educational institutions over the past decade, driven by sustained investments in infrastructure, technology, urban renewal, and human capital development.
Ethiopian Electric Utility Deploys AI and Digital Tech to Anchor Power Reliability
Jun 22, 2026 1769
Addis Ababa, June 22, 2026 (ENA)__The Ethiopian Electric Utility is systematically integrating Artificial Intelligence (AI) and cutting-edge digital technologies to forge a highly resilient and dependable national power grid, said Getu Geremew, the utility's Chief Executive Officer. Speaking to ENA, the CEO emphasized that these modernized interventions are part of a targeted infrastructural overhaul designed to predict grid vulnerabilities, minimize interruptions, and drastically elevate public service delivery. Getu announced that the institution is actively leveraging artificial intelligence and advanced digital technologies to anchor a highly reliable and resilient power supply across the nation. The CEO stated that the utility is executing targeted interventions to maximize the operational efficiency and capacity of high-voltage transmission lines and distribution substations. To decisively mitigate power interruptions, he explained that the institution is aggressively prioritizing critical grid upgrades, comprehensive infrastructure rehabilitation, and structured preventive maintenance frameworks. He revealed that state-of-the-art digital technologies and artificial intelligence are being dynamically deployed to forecast and diagnose sudden technical faults before they occur, thereby guaranteeing an uninterrupted flow of electricity. The CEO pointed out that these substantial infrastructure modernization projects are being financed through a strategic combination of state capital allocations and funding secured from international development partners. Parallel to the physical engineering works, he noted that the utility is rolling out sweeping institutional transformation programs specifically aimed at enhancing the agility, speed, and overall quality of customer care interfaces. By implementing highly innovative systems, the utility is synchronizing its efforts to upscale network capacity, re-engineer operational workflows, and execute rigorous preventive maintenance schedules simultaneously. To ensure consumers experience prompt and efficient service, he added that a focused campaign is underway to strengthen internal technical capacities and completely restructure field maintenance crews into highly responsive units. Concluding his remarks, the CEO underscored that the resulting breakthroughs in modernizing customer support systems are already driving a profound and highly visible improvement in the utility's overaching operational effectiveness.
Making Ethiopia African Model for Prosperity Becoming Reality: PM Abiy
Jun 20, 2026 6520
The vision of making Ethiopia a model African country for prosperity is becoming a reality in all spheres, Prime Minister Abiy Ahmed said. The premier has opened today a four-day Digital for Excellence exhibition at the Science Museum and inaugurated the Unified MESOB Application, Africa's first unified digital service application that brings 27 services from across institutions to a single platform. During the occasion, PM Abiy said the government has continued its activities to modernize institutional services. The reforms carried out in this regard, including the successful endeavors to excel government services, are a testament to the nation’s technology-led and purpose-driven investment. The PM, who lauded the remarkable modernization of key civil service government institutions, noted that the one-stop MESOB service is a critical economic infrastructure. This success manifests that Ethiopia’s dreams are not just mere wishes, but realities that ''we can build with our own hands and capabilities'', he further stated. Noting that technology has been playing a major role in modernizing services and productivity of Ethiopia's agriculture, industry, mining, tourism and banking industries, PM Abiy stressed the need for strengthening the country's success by sharing experience and expertise with African brothers and sisters and moving forward with determination to achieve more results. He also commended the rapid transformation of government services from MESOB one-stop to a mobile application. There is no other place in Africa where all services are provided in an integrated system like MESOB, the PM noted, adding that the one-stop service has now reached 70 centers within a year. He revealed that the countries from which Ethiopia has shared experiences have not built 70 centers even in ten years. The Ethiopian MESOB one-stop service accessibility is also expanding at a remarkable pace, the premier said, emphasizing that the integrated digital service application is the first integrated service application in Africa. PM Abiy said the transformation also allows citizens to access the service from anywhere and at any time through their mobile phones, underscoring that the MESOB one-stop service has moved government services from one center to mobile. This is a successful endeavor that only a few countries have achieved, he noted. The premier further pointed out that the Artificial Intelligence (AI) University will make Ethiopia a model for Africa in many respects. Building a country that will not inherit poverty to its children and making Ethiopia an African symbol of prosperity is being realized in all spheres, he concluded.
Made in Ethiopia Movement Spurring Industrial Renaissance: Industry State Minister
Jun 20, 2026 2161
Addis Ababa, June 20, 2026 (ENA)__ The Made in Ethiopia Movement has become a powerful catalyst for reshaping the manufacturing industry and driving the overarching macroeconomic expansion, Industry State Minister Tarekegn Bululta said. According to him, the Movement has been playing a pivotal role in revitalizing the manufacturing sector and driving significant economic growth. Anchored on the principles of economic diversification, Ethiopia has continued registering a remarkable, transformative progress across key pillars, including agriculture, mining, tourism, information technology, and the industrial sectors, he added. Conceived to propel the nation’s manufacturing sector to an advanced frontier and secure long-term national prosperity, the Made in Ethiopia Movement has successfully concluded its fourth annual iteration this year. The forum showcased pioneering industrial technologies, cutting-edge innovations, and diverse manufacturing capabilities that highlight Ethiopia's growing global competitiveness. In an exclusive interview with the Ethiopian News Agency (ENA), State Minister Tarekegn underlined that the Movement has registered tangible, far-reaching economic milestones over the past few years by injecting vital dynamism into the manufacturing sector. He noted that it has also laid an exceptionally resilient foundation for domestic enterprises, successfully scaling up manufacturing outputs and accelerating a profound structural shift across the economy. This strategic framework has yielded extraordinary successes, generating massive employment opportunities for citizens, safeguarding vital foreign currency reserves through proactive import substitution with high-quality domestic products, and substantially expanding private sector participation alongside domestic direct investments. Tarekegn pointed out that the nation's structural economic transformation is progressing at an accelerated and highly encouraging pace in alignment with the strategic direction set forth by the government, . He added that highly rewarding outcomes are being achieved in fostering institutional awareness, securing high-quality and sustainable economic growth, and significantly elevating the market competitiveness of local manufacturing industries. Highlighting the exponential growth in production capacities and overall shop-floor efficiency, the State Minister revealed that the manufacturing sector's production capacity has reached 66.3 percent. He stated that the operational performance of manufacturing industries has expanded dramatically, maintaining a steady and rapid upward trajectory. Concluding his remarks, the State Minister emphasized that these systematic structural reforms are yielding superior outcomes across all sub-sectors. Beyond serving as a major hub for job creation, the manufacturing landscape is increasingly becoming a powerful engine for cementing Ethiopia’s ultimate realization of comprehensive national prosperity.