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Economy
Ethiopia Signs 4.2 Billion USD Mining Investment Agreements with Three Companies
Mar 13, 2026 786
Addis Ababa, March 13, 2026 (ENA)—Ethiopia’s Ministry of Mines has signed major mining investment agreements worth 4.2 billion USD with three companies to accelerate the development of the country’s iron ore, potash, and gold resources. The agreements will enable the companies to launch large-scale mining operations in key mineral sectors as part of the government’s efforts to unlock Ethiopia’s vast and largely untapped mineral potential. Under the deal, ZYTB DIM Metals and Minerals Manufacturing PLC, a joint venture between Ethiopian and Chinese investors, will undertake iron ore production, while Ethiopian Investment Holdings will lead the development of potash mining. Bero Mining and Trading PLC will also engage in gold production. The agreements were signed by Habtamu Tegegne, Minister of Mines, and representatives of the companies during a ceremony held in Addis Ababa on Friday. Speaking at the event, Habtamu said the investments will play a key role in unlocking Ethiopia’s mineral wealth and strengthening the country’s industrial development. “The mining sector mainly focuses on key areas including export and producing Ethiopia’s strategic inputs domestically such as fuel, fertilizer, iron, cement, ceramic and marble, with the aim of achieving self-sufficiency,” he said. “In addition to producing for local consumption, exporting minerals such as gold, potash and other minerals is also a major focus area,” he added. The minister emphasized that the newly signed agreements will make a significant contribution to developing the country’s vast mining potential and boosting the national economy. Habtamu also reaffirmed the government’s commitment to supporting investors to ensure the successful implementation of the projects. “We are committed to extending all the necessary support to investors to enable them to effectively carry out their mining investment activities,” he said. The minister noted that Ethiopia has long relied on imports of iron ore to meet the needs of its industries, adding that local production will help reduce imports while creating new export opportunities. Potash and gold production, he said, are also expected to mainly target international markets. Chief Executive Officer of Ethiopian Investment Holdings, Brook Taye, recalled that several earlier attempts to develop Ethiopia’s potash resources had not succeeded. “We are now well prepared to successfully undertake potash production,” he said. President of the Board of ZYTB DIM Metals and Minerals Manufacturing PLC, Mulatu Teshome, said the iron ore project will bring major transformation to the sector. “This iron ore production will make Ethiopia one of the leading iron ore producers in Africa within ten years by producing two million metric tons annually,” he said. Similarly, Manager of Bero Mining and Trading PLC, Habte Fereja, said the gold mining project will strengthen the country’s mineral wealth and support the broader economy. He added that the investment will significantly contribute to Ethiopia’s gold reserves while creating new economic opportunities.
President Taye Urges Ethiopian Airlines to Sustain Global Competitiveness
Mar 13, 2026 363
Addis Ababa, March 13, 2026 (ENA)—President Taye Atske-Selassie has called on the Ethiopian Airlines Group to intensify its efforts in maintaining its global leadership and competitive edge within the aviation industry. The President, who also serves as the Patron of the Ethiopian Quality Award Organization, made these remarks during an official visit to the airline’s facilities and observed its extensive operational activities. It is recalled that the Airlines was among the organizations that won the First Level Excellence Trophy in the past 12th round of the National Quality Award competition. During the visit, senior officials briefed the president on the airline’s operations, performance and long-term strategic direction. Speaking on the occasion, President Taye said the recognition and awards earned by Ethiopian Airlines are not merely the result of its global reputation but a reflection of its strong performance across multiple evaluation criteria. He noted that the national carrier has played a pivotal role in Ethiopia’s economic growth and transformation, describing the airline as a pillar of the country’s development. The president also underscored the airline’s role in connecting Ethiopia with the rest of the world and strengthening the nation’s global engagement. According to him, the strength of Ethiopian Airlines lies not only in its operational capacity but also in its strong institutional culture and commitment to human resource development. He added that the airline’s work culture and human capacity offer valuable lessons for other institutions. President Taye further stressed that Ethiopian Airlines has demonstrated consistent transformation and improvement over the years and that such progress should be reinforced to maintain its position in the highly competitive global aviation sector. “There are few organizations that can compete with Ethiopian Airlines not only in aircraft and operations but also in institutional culture,” he said. Despite operating in a volatile region, the president expressed confidence that Ethiopian Airlines will continue to thrive and maintain its global leadership. “The group is implementing what it has envisioned,” he said, commending the airline’s leadership for effectively executing its strategic plans and maintaining strong understanding with employees. During the visit, Ethiopian Airlines Group Chief Executive Officer Mesfin Tasew presented the organization’s mandates, operational performance and ongoing initiatives aimed at further improving results. The CEO also outlined the group’s sustainability strategy, which is built on four key pillars designed to ensure long term growth, operational excellence and environmental and social responsibility. Mesfin further emphasized that the airline remains committed to preserving its legacy and maintaining the strong global reputation it has built over the years. He added that Ethiopian Airlines continues to expand its international destinations as part of its strategy to strengthen global presence and competitiveness.
Ethiopia’s Bold Macroeconomic Reforms Build Foundation for Better Business Cooperation: Netherlands Ambassador
Mar 13, 2026 365
Addis Ababa, March 12, 2026 (ENA)—Ethiopia’s bold macroeconomic reforms have built the foundation for better business cooperation, according to Christine Pirenne, Netherland's Ambassador to Ethiopia. In an exclusive interview with ENA, Ambassador Pirenne said the government has taken bold steps to have macroeconomic reforms which definitely build the foundation for better business cooperation. In July 2024, Ethiopia launched a historic, comprehensive macroeconomic reform program, marking a fundamental shift in its economic policy. The comprehensive macroeconomic reform is aimed at stabilizing macroeconomic imbalances, controlling inflation, and fostering high-quality, private sector-led inclusive growth. Ethiopia has been implementing the comprehensive macroeconomic reforms that have significantly improved its business environment. The country, which is one of fastest growing economies in the world, is also experiencing a major economic transformation driven by the Homegrown Economic Reform programs, projected to register 10.2 percent economic growth by the end of the 2025/2026 fiscal year. Noting that this is a bold direction that facilitates business cooperation between Ethiopia and the Netherlands, the Ambassador stressed the need for strengthening the ongoing endeavors to make sure that the policies are being implemented at all levels in the country. Highlighting the 100 years of trade relationship between the two countries, she added that “doing business and investing in the country is one of our key priorities of our collaboration.” Ambassador Pirenne also emphasized the cooperation areas between the two countries, including agriculture, water, food and nutrition security and health, alongside trade and investments. “While the government has taken bold steps to have macroeconomic reforms realized, it definitely builds the foundation for better business cooperation.” For the Ambassador, the steps will facilitate doing of business between the two countries. Citing the long-standing relationship between the two countries, she said: “We have been here now for 100 years. I dare to say that we are here to stay. So, I am really looking forward to continuing on those similar lines.” Ethiopia and the Netherlands are celebrating their nearly 100 years of diplomatic and trade relations with a major focus on strengthening economic ties, particularly in agriculture, horticulture, and sustainable development. In April 2026, the two countries will mark 100 years since the first trade connection in 1926 which reflects a long tradition of collaboration between the Netherlands and Ethiopia, particularly in trade. The two countries are experiencing significant growth across multiple sectors, with a particular focus on strengthening economic ties, investment, and development cooperation. At present, over 100 Dutch companies operate in Ethiopia, driving investment, job creation, and export growth.
WTO Director-General Praises Ethiopia’s Progress in Accession Talks
Mar 13, 2026 917
Addis Ababa, March 13, 2026 (ENA)—World Trade Organization Director-General Ngozi Okonjo‑Iweala has commended Ethiopia for making strong progress in its negotiations to join the global trade body. Presenting the 2025 Annual Report on WTO Accessions to the WTO General Council on Thursday, Okonjo-Iweala highlighted Ethiopia’s significant advances during 2025 in both bilateral and multilateral negotiation tracks. She also welcomed the country’s commitment to finalize its accession process by 2026. The WTO chief also encouraged member states to consider Ethiopia’s accession as a potential deliverable following the upcoming 14th WTO Ministerial Conference, ENA learned. Okonjo-Iweala noted that two full Working Party cycles on Ethiopia’s accession were completed in 2025, helping sustain strong momentum in the negotiation process. By early 2026, Ethiopia had successfully concluded bilateral market-access negotiations with seven WTO member countries. Progress has also been recorded on the multilateral front, it was indicated. Ethiopia’s accession base document has advanced from the “Elements of a Draft Working Party Report” to a full Draft Working Party Report, marking an important milestone that signals the country’s entry into the final phase of negotiations. The Director-General emphasized that the progress reflects strong national leadership and ongoing economic reforms, aimed at deepening Ethiopia’s integration into the global trading system. Speaking during the same meeting, Ambassador Negus Kebede, Minister Plenipotentiary in charge of WTO Affairs at Ethiopia’s Permanent Mission to the United Nations in Geneva, reaffirmed Ethiopia’s commitment to completing the accession process and fully joining the multilateral trading system. Ethiopia is currently preparing for the Seventh Working Party Meeting on its accession, scheduled for 22–23 April 2026, which is expected to further advance the country’s path toward WTO membership.
Ethiopia Presents Reform Success, Growing Italy Partnership at OECD Forum
Mar 13, 2026 653
Addis Ababa, March 13, 2026 (ENA)—Ethiopia reaffirmed its longstanding partnership with Italy during the OECD Development Co-operation Peer Review of Italy held in Paris under the auspices of the OECD Development Assistance Committee. According to the social media post by the Minister of Finance, the Ethiopian delegation was led by Semereta Sewasew, State Minister at Ethiopia’s Ministry of Finance, and accompanied by Mahlet Hailu, Ethiopia’s Ambassador to France. In her remarks, State Minister Semereta highlighted the nearly five-decade partnership, noting Italy’s consistent support in healthcare, water and sanitation, renewable energy, agriculture, infrastructure, and coffee value chain development. Cooperation has strengthened livelihoods, promoted private sector engagement, and contributed to economic and social resilience. She emphasized that strong political leadership has guided Ethiopia’s ambitious reforms under the Home-Grown Economic Reform Agenda. These reforms have delivered tangible results, including a reduction of the budget deficit, fivefold growth in government revenues, fivefold increase in pro-poor spending, and modernization of public finance systems to enhance transparency and accountability. Ethiopia and Italy are delivering a €250 million Cooperation Framework for 2026–2028, complementing an active portfolio of USD 550 million in ongoing programs. Cooperation includes budget support, debt swap arrangements, food security, infrastructure, and private sector engagement in telecommunications, agriculture, energy, and the upcoming Bishoftu International Airport, strengthening opportunities for inclusive growth and regional integration. Commenting on the partnership, Stefano Gatti, Director General of Italy’s Directorate General for Development Cooperation (DGCS), said: “Our cooperation with Ethiopia reflects decades of shared commitment, trust, and tangible impact. We look forward to deepening collaboration in inclusive growth, sustainable infrastructure, and climate-resilient development.” The state minister expressed optimism for continued collaboration, highlighting opportunities in climate-resilient agriculture, sustainable infrastructure, and regional development, and reaffirmed Ethiopia’s commitment to peacebuilding, social cohesion, and inclusive economic transformation.
Ethiopia Leads Africa’s Hotel Construction Pipeline with Nearly 6,000 Rooms
Mar 13, 2026 1557
Addis Ababa, March 13, 2026 (ENA)—Ethiopia is emerging as one of Africa’s fastest-growing hotel development markets, with nearly 6,000 rooms in the pipeline and the highest share of projects already under construction anywhere on the continent. According to the 2026 Hotel Chain Development Pipelines in Africa Report by W Hospitality Group, Ethiopia currently has 5,964 rooms across 34 hotels under development. While this places the country fifth in Africa by total pipeline size, it leads the continent in construction momentum, with 79.9 percent of its pipeline rooms already being built. The figure far exceeds most major hotel markets on the continent, the report indicated. Kenya follows closely with 79.5 percent of projects under construction, while Tanzania stands at 77.5 percent, South Africa at 67.2 percent, and Nigeria significantly lower at 39.2 percent. Across Africa, hotel development activity has reached a record high of 123,846 rooms in 675 hotels, representing an 18.6 percent year-on-year increase, according to the report. In terms of total pipeline size, Egypt leads the continent with 45,984 rooms, followed by Morocco with 10,606, Nigeria with 8,480, and Kenya with 6,190 rooms. Trevor Ward, Managing Director of W Hospitality Group, said the data highlights East Africa’s growing strength in turning hotel plans into active construction projects. “What stands out this year is the strength of East Africa in terms of projects moving forward. Kenya, Ethiopia and Tanzania show some of the highest construction ratios on the continent, which suggests this is where we are likely to see new hotel supply coming through in the short to medium term,” Ward said. COP32 Driving Hotel Expansion Much of Ethiopia’s hotel boom is linked to preparations for the 2027 United Nations climate summit, COP32, which will be hosted in Addis Ababa and is expected to attract more than 80,000 international delegates. City officials say the capital is undertaking a major expansion of its hospitality capacity. Addis Ababa currently has about 25,000 accommodation beds, but authorities aim to increase this to more than 80,000 beds through new hotel construction and upgrades to existing hotels, guesthouses, and serviced apartments. Mayor Adanech Abiebie said the expansion is essential to ensure the city can host one of the world’s largest diplomatic gatherings. Major Investments Underway Private investors are also accelerating hotel development ahead of COP32. MIDROC Investment Group is among the key players expanding Ethiopia’s hospitality sector. CEO Jamal Ahmed said the company plans to provide around 1,500 hotel beds for COP32 participants through new developments, acquisitions, and refurbishments. Among its flagship projects is a new Sheraton-branded hotel within the compound of the iconic Sheraton Addis. Together with the renovation of the existing 294-room Sheraton Addis, the investment is estimated at 116 million US dollars. MIDROC has also acquired the historic Wabe Shebelle Hotel near Mexico Square. The property will be renovated and rebranded under Marriott International’s Autograph Collection, a global portfolio of boutique hotels. Meanwhile, construction is expected to resume on the long-delayed African Union Westin Hotel Project, which authorities hope to complete before COP32. Additional projects include Moxy by Marriott and Four Points by Sheraton hotels in the Mohammadi Residential Village development, along with new Four Points properties planned in Jimma and other regional cities. Global Hotel Chains Expanding in Africa Across Africa, Marriott International leads the continent’s hotel pipeline with 31,782 rooms, followed by Hilton and Accor. Together with IHG Hotels & Resorts and Radisson Hotel Group, the five largest international hotel groups account for around 80 percent of all hotel pipeline projects across Africa. W Hospitality Group projects that more than 65,000 hotel rooms could open across Africa in 2026 and 2027, though it cautions that many projects may face delays, highlighting the persistent gap between announced developments and completed hotels. Ethiopia is emerging as one of Africa’s fastest-growing hotel development markets, with nearly 6,000 rooms in the pipeline and the highest share of projects already under construction anywhere on the continent. According to the 2026 Hotel Chain Development Pipelines in Africa Report by W Hospitality Group, Ethiopia currently has 5,964 rooms across 34 hotels under development. While this places the country fifth in Africa by total pipeline size, it leads the continent in construction momentum, with 79.9 percent of its pipeline rooms already being built. The figure far exceeds most major hotel markets on the continent, the report indicated. Kenya follows closely with 79.5 percent of projects under construction, while Tanzania stands at 77.5 percent, South Africa at 67.2 percent, and Nigeria significantly lower at 39.2 percent. Across Africa, hotel development activity has reached a record high of 123,846 rooms in 675 hotels, representing an 18.6 percent year-on-year increase, according to the report. In terms of total pipeline size, Egypt leads the continent with 45,984 rooms, followed by Morocco with 10,606, Nigeria with 8,480, and Kenya with 6,190 rooms. Trevor Ward, Managing Director of W Hospitality Group, said the data highlights East Africa’s growing strength in turning hotel plans into active construction projects. “What stands out this year is the strength of East Africa in terms of projects moving forward. Kenya, Ethiopia and Tanzania show some of the highest construction ratios on the continent, which suggests this is where we are likely to see new hotel supply coming through in the short to medium term,” Ward said.
Ethiopia Scales Corridor Development to 75 Cities Nationwide: Ministry
Mar 12, 2026 728
Addis Ababa, March 12, 2026 (ENA)—The Ministry of Urban and Infrastructure announced that corridor development activities aimed at transforming urban infrastructure are currently underway in 75 cities across Ethiopia. In an exclusive interview with ENA, State Minister of Urban and Infrastructure Fanta Dejen said the corridor development initiative, which was launched in Addis Ababa in 2024 by Prime Minister Abiy Ahmed, has now expanded to 75 cities across the regional states as urbanization continues to accelerate. He noted that the pace of urban growth in Ethiopia has been increasing rapidly over the past decade. “The number of cities has now reached 2500, up from about 1000 ten years ago,” the state minister said. According to Fanta, the initiative is designed to transform urban infrastructure and create cities that are safe, clean and comfortable for residents. He explained that Addis Ababa has already witnessed significant transformation through intensive corridor development works, including riverside development projects, road expansion, pedestrian walkways, bicycle lanes, jogging tracks and the construction of bridges for both vehicles and pedestrians, alongside the development of green areas. The state minister pointed out that the city’s riversides were previously polluted and largely neglected. However, he said the corridor development initiative has rehabilitated these areas and turned them into attractive public destinations. Beyond beautification and infrastructure expansion, the program also incorporates the digitalization of public services in the 75 cities as part of broader efforts to build smart and efficient urban centers. Fanta added that the corridor development initiative is being implemented in line with sustainable urban development principles, ensuring that cities integrate green spaces, public areas and essential infrastructure. He affirmed that the initiative will gradually expand to cover all cities across the country with the goal of creating resilient, safe and livable urban environments for residents.
Made in Ethiopia Movement Boosts Local Manufacturing, Drives Import Substitution: Ministry of Industry
Mar 12, 2026 941
Addis Ababa, March 12, 2026 (ENA)—The Made in Ethiopia movement is delivering tangible progress in strengthening domestic manufacturing and reducing reliance on imported goods, Tarekegn Bululta, State Minister of Industry said. Speaking on the program’s performance, Tarekegn revealed that the national initiative has significantly improved the production capacity and competitiveness of local manufacturing industries. The initiative is hugely contributing to the country’s broader efforts to substitute imports with locally produced goods, according to him. Launched as a key component of Ethiopia’s industrialization strategy, the ‘Made in Ethiopia’ movement aims to strengthen domestic manufacturing, enhance export competitiveness, and encourage greater consumption of locally produced products. The initiative is implemented by the Ethiopian Ministry of Industry and provides support to domestic manufacturers through policy incentives, technical assistance, and improved market access. It also focuses on increasing productivity, expanding industrial output, and boosting the manufacturing sector’s contribution to the national economy. According to Tarekegn, the program has already led to notable improvements in industrial competitiveness, as well as in the quality and quantity of locally manufactured products. Priority sectors under the initiative include textiles and garments, leather products, agro-processing, pharmaceuticals, chemicals, and construction materials. The state minister further revealed that export performance of industrial products has grown by 40 percent over the past eight months, reflecting the increasing strength of Ethiopia’s manufacturing sector. Officials also reported that manufacturing capacity utilization has risen significantly, increasing from 46 percent to 66.3 percent as a result of the initiative. This progress has enabled industries to save substantial foreign currency by replacing imported goods with locally manufactured alternatives while also creating new employment opportunities. Meanwhile, the ministry announced the launch of a new website designed to expand the reach of the Made in Ethiopia Movement, facilitate information sharing, and manage registration for the upcoming 2018 Ethiopian Calendar “Made in Ethiopia” expo. The expo, themed “Made in Ethiopia for All-encompassing sovereignty,” will take place from May 2–8, 2026 at the Addis International Convention Center in Addis Ababa. More than 270 local and international manufacturers are expected to participate in the exhibition, with the entire registration process now fully digitalized. To further promote the movement, a 10-kilometer grand public run will also be organized in collaboration with the Ethiopian Athletics Federation at Meskel Square. The event is expected to attract over 17,000 participants and around 800 professional athletes. Officials say the initiative is playing a critical role in strengthening Ethiopia’s industrial base, promoting a culture of consuming locally produced goods, and advancing the country’s economic self-reliance.
All 32 IEA Member Countries Agree to Release Oil Reserve Amid Middle East Supply Disruptions
Mar 11, 2026 885
Addis Ababa, March 11, 2026 (ENA)—The 32 member countries of the International Energy Agency (IEA) have unanimously agreed to release 400 million barrels of oil from their emergency reserves to stabilize global markets following supply disruptions caused by the ongoing conflict in the Middle East. The decision was reached after an extraordinary meeting of member governments convened by IEA Executive Director Fatih Birol to assess the impact of the conflict on global energy markets and evaluate possible responses to the supply shock. “The oil market challenges we are facing are unprecedented in scale,” Birol said, welcoming the coordinated response. He noted that because oil markets are global, major disruptions require a unified international response. He added that the move reflects strong solidarity among member states in fulfilling the agency’s core mandate of ensuring energy security. According to the IEA, the emergency stocks will be released to the market based on the national circumstances of each member country. Some countries are also expected to introduce additional emergency measures to support supply. IEA member states collectively hold more than 1.2 billion barrels of emergency oil reserves, while a further 600 million barrels are maintained by industry under government obligations. This coordinated release marks the sixth collective action since the agency was created in 1974. Previous emergency stock releases occurred during major market disruptions, including the Gulf War, Hurricane Katrina, the Libya crisis, and twice in 2022 amid global energy market volatility. The latest action follows the outbreak of conflict in the Middle East on 28 February 2026, which has significantly disrupted oil flows through the Strait of Hormuz. Current export volumes of crude oil and refined products passing through the strategic waterway have dropped to less than 10 percent of pre-conflict levels, forcing many regional operators to shut down or reduce production. In 2025, an average of 20 million barrels per day of crude oil and petroleum products passed through the Strait of Hormuz, accounting for roughly a quarter of the world’s seaborne oil trade. Alternative routes to bypass the strait remain limited. The IEA Secretariat said it will provide further details on the implementation of the coordinated stock release and will continue closely monitoring global oil and gas markets while advising member governments on additional actions if necessary.
Experts Call for Stronger Economic Integration to Accelerate Africa’s Development
Mar 11, 2026 957
Addis Ababa, March 11, 2026 (ENA)—Policy and finance leaders called for stronger implementation of the continent’s economic integration agenda to accelerate industrialization, trade and inclusive development in Africa. In an exclusive interview with ENA, Executive Chairman of the Africa Prosperity Network, Gabby Asare Otchere-Darko stressed that building a unified African market is essential for unlocking the continent’s economic potential and creating jobs for its growing population. He noted that there is increasing consensus among African leaders and institutions that deeper economic integration offers the most viable path toward sustainable continental development. “There’s an overwhelming understanding and acceptance that economic integration is the way forward for Africa in terms of giving our economies the scale for industrialization, manufacturing, intra-African trade and creating jobs,” Otchere-Darko said. According to him, the continent’s fragmented economies, largely shaped by colonial-era borders, continue to limit trade expansion and economic opportunities, particularly for Africa’s rapidly growing youth population. “If we have an integrated economy of 1.5 billion consumers, then we’ll be going somewhere. But if we remain as fragmented as we are, it will continue to arrest our development and detain our progress,” he stated. Otchere-Darko further pointed out that Africa already has the legal framework required to achieve integration, referring to the Abuja Treaty as the roadmap toward establishing a continental single market. “The Abuja Treaty gave ourselves 2028 to have a single market. It’s just two years away,” he said. He also highlighted the growing importance of digital integration, particularly the need for mobile money interoperability across the continent to broaden economic participation. “Mobile money interoperability across the continent is absolutely critical because the digital market is one of the biggest ways of creating inclusivity for women, youth and rural communities,” he added. Chief Executive Officer of the African Trade & Investment Development Insurance (ATIDI) , Manuel Moses, also emphasized the importance of the African Continental Free Trade Area in expanding trade among African countries. He noted that the agreement has the potential to unlock significant economic opportunities by reducing barriers and encouraging greater cross-border commerce across the continent. According to him, intra-African trade remains significantly lower compared to other regions of the world. “Other regions are trading in the order of 60 percent of their GDP. The equivalent number in Africa is 16 percent, so we have a long way to go,” Moses said. He added that strengthening trade and investment across the continent could unlock the potential of Africa’s 3.5 trillion USD economy while creating employment opportunities for millions of young people. The CEO also highlighted the importance of financial instruments that can unlock investment across African markets. Moses explained that ATIDI provides political risk and credit insurance to investors, enabling them to secure financing and expand investments in African economies. “ATIDI is a pan-African initiative, and I’m proud to say that Ethiopia is a member of our organization alongside 23 other countries,” he said. According to the CEO, the institution is already supporting projects in Ethiopia, particularly in the telecommunications sector, and is exploring opportunities to expand its support for infrastructure development in the country and across the region. “We are already actively working in Ethiopia on several projects that we have done in the telecoms, and we are looking forward to also support infrastructure projects in the country and across the region,” he stated. The African Trade & Investment Development Insurance is a regional multilateral insurer that offers political risk and credit insurance to investors and lenders operating across Africa, aiming to promote trade, infrastructure development and sustainable economic growth in its member states.
PM Abiy Calls for Mapping Ethiopia’s Natural Wealth After Nasiol Cave Visit
Mar 11, 2026 1016
Addis Ababa, March 11, 2026 (ENA)—Prime Minister Abiy Ahmed has called for urgent scientific mapping of Ethiopia’s vast natural and mineral resources following his visit to the Nasiol Cave in eastern Ethiopia, describing the site as a powerful symbol of the country’s untapped wealth and deep historical legacy. During a tour of the cave located in East Hararghe Zone within the Oromia Region, the prime minister said the cave offers critical insight into Ethiopia’s long history while revealing enormous natural resources that remain largely unexplored. Prime Minister Abiy noted that he personally hiked approximately 500 meters into the cave, located in Melka Belo Woreda, to witness its remarkable geological formations. Inside the cave, he observed striking multi-colored marble-like stalactites and stalagmites, describing the site as a unique natural wonder that requires detailed scientific documentation. According to the PM, the area surrounding the cave contains valuable mineral resources, including marble, granite, and other high-value stones, which he described as largely untapped assets with significant development potential. The visit was part of a broader tour of eastern Ethiopia, where the premier inspected development projects and tourism sites across Dire Dawa, the Harari Region, and East Hararghe Zone. PM Abiy emphasized that despite existing infrastructure challenges in eastern regions, including Somali Region and Harari Region, the wider area is rich in natural and historical attractions. He pointed to caves, wild horses, elephants, ancient stone stelae, and hot springs as examples of resources that remain insufficiently studied. The Prime Minister stressed that comprehensive scientific research and resource mapping are urgently needed to unlock these assets for national development. He noted that properly studying Ethiopia’s natural heritage could strengthen tourism, create economic opportunities, and improve livelihoods for local communities. The Premier further urged Ethiopian scholars, researchers, and institutions to lead the documentation of the country’s hidden resources, underscoring the importance of generating “sovereign data.” He argued that relying on domestically produced research is essential for shaping national policies and development strategies based on Ethiopia’s own knowledge and realities. According to the Prime Minister, ensuring data sovereignty and systematic resource mapping will be key to transforming Ethiopia’s natural and historical wealth into sustainable economic growth.
8th Cities Forum Highlights Circular Economy as Key to Sustainable Urban Growth
Mar 10, 2026 998
Addis Ababa, March 10, 2026 (ENA)—Ethiopia's Environmental Protection Authority Director General, Lelise Neme stressed that implementing a circular economy is critical to ensuring sustainable development, achieving national and continental development goals, and building resilient and clean cities. She made the remarks at the opening of the 8th International Forum on Cities and Circular Economy, which has brought together policymakers, experts, and development partners to address the growing solid waste challenge in rapidly urbanizing cities. A three-day forum, attended by participants from 15 African countries, aims to explore effective waste management solutions and promote experience sharing among member states. Studies indicate that solid waste generation in Sub-Saharan African cities is rising at an alarming rate, creating increasingly complex environmental and urban management challenges. In 2016, cities in the region generated 174 million tons of solid waste, a figure projected to reach 522 million tons by 2050 if effective measures are not implemented. The Forum on Cities and Solid Waste Circular Economy was established as a collaborative platform to tackle these challenges by promoting innovative solutions, strengthening partnerships, and advancing sustainable waste management practices. Speaking at the opening session, Lelise Neme emphasized that the forum provides an important platform to discuss environmental policy, sustainable development, and the future of cities. She noted that the Ethiopian government is pursuing ambitious environmental and development goals through initiatives such as the Climate Resilient Green Economy Strategy, the Ten-Year National Development Plan, and the National Circular Economy Roadmap, launched during the 2024/25 Ethiopian fiscal year. “For Ethiopia, the circular economy is not a distant aspiration; it is an essential pathway for achieving sustainable development, building resilient cities, and advancing both national and continental development goals,” she said. According to her, these frameworks aim to decouple economic growth from resource consumption and environmental degradation through key measures such as strengthening sustainable waste management and recycling systems, including plastics, batteries, and electronic waste. They also focus on promoting eco-industrial parks and extended producer responsibility systems, accelerating the transition to clean energy and green transport, and supporting green entrepreneurship, particularly among youth and women. Also addressing the forum, Fanta Dejene, State Minister of Ministry of Urban and Infrastructure, warned that rapid urbanization is generating large volumes of waste that could pose serious threats to human health, the environment, infrastructure, and natural resources if not properly managed. He noted that the ministry is working to ensure sustainable urban growth by integrating strategies aimed at transforming solid waste into valuable economic resources. The Ambassador of India to Ethiopia, Anil Kumar Rai, highlighted India’s experience in waste recycling and green job creation. He reaffirmed his country’s commitment to supporting member states through technology transfer, knowledge exchange, and capacity-building initiatives. Meanwhile, Sunita Narain, Director General of the Centre for Science and Environment (CSE), stressed that implementing a circular economy requires strong public awareness, particularly in waste segregation at the source, alongside coordinated efforts among governments, institutions, and communities. During the forum, the Addis Ababa City Cleansing Management Agency shared its best practices in waste recycling, riverside development initiatives, and the ongoing Corridor Development Project in Addis Ababa. On the first day of the event, a Memorandum of Understanding (MoU) was signed between the Environmental Protection Authority and the Centre for Science and Environment to strengthen cooperation on circular economy initiatives and sustainable waste management.
Ethiopia’s Quest for Red Sea, Maritime Access Matter of Survival: General Yimer Mekonnen
Mar 10, 2026 2017
Addis Ababa, March 10, 2026 (ENA)—Ethiopia’s aspiration for secure maritime and Red Sea access is a historical and natural right intrinsically linked to the nation’s sovereignty, survival, and national interest, General Yimer Mekonnen, Head of Education and Training Main Department said. Speaking at a national symposium organized by the National Ethiopian Army Association to support the government's stance on the Red Sea and maritime access, General Yimer emphasized that Ethiopia’s historical connection to the Red Sea dates back to ancient times, highlighting ports like Adulis and Zeila as vital trade gateways during the Axumite civilization. He stated that Ethiopia's quest for Red Sea access and maritime access is not therefore a recent political desire but a historical right tied to sovereignty. Respecting Ethiopia's right to utilize Red Sea ports and maritime access would thus accelerate national development and create stronger market linkages, General Yimer noted. External Relation and Cooperation Director-General at the Ethiopian National Defense Force, Major General Teshome Gemechu, also noted that although several countries in the world are landlocked, Ethiopia’s situation is unique due to historical circumstances that pushed the country away from the Red Sea and maritime access. According to him, historical enemies orchestrated schemes that ultimately detached Ethiopia from its natural maritime outlet, resulting in the country being deprived of direct access to sea. Despite this, Major General Teshome stressed that Ethiopia remains determined to pursue its return to the Red Sea through peaceful means. He added that the ongoing efforts aimed at restoring Ethiopia’s maritime access will continue through diplomacy, cooperation, and sustained commitment. National Ethiopian Army Association President, Sergeant Birhanu Amare, for his part emphasized that issues concerning the motherland and its national interests transcend political differences. He said members of the association have consistently taken a leading role in national affairs and remain committed to safeguarding Ethiopia’s strategic interests. The President stressed that when it comes to matters of national interest, particularly the country’s quest for maritime access, veterans stand firmly alongside the government. When the call of the motherland is heard, we always stand with the government, he stated, underscoring that national unity is essential in advancing Ethiopia’s legitimate aspirations. The president further said that the association supports the government’s efforts to secure Ethiopia’s maritime access and the Red Sea through peaceful and diplomatic means. He also affirmed the association’s support for the leadership of Prime Minister Abiy Ahmed, noting that veterans remain ready to stand with the government in protecting Ethiopia’s national interests. The symposium mainly brought together members of the National Ethiopian Army Association from across the country, who reiterated their commitment to safeguarding Ethiopia’s national interests and supporting the country’s strategic objectives.
Ethiopia’s Government, Private Sector Meet in Addis Ababa to Accelerate Investment Reforms
Mar 10, 2026 1302
Addis Ababa, March 10, 2026 (ENA)—Senior officials from the Ethiopian government, private sector leaders, and international development partners convened in Addis Ababa on Tuesday for a high-level Public–Private Dialogue (PPD). The gathering aimed at reviewing progress on economic reforms and strengthening the country’s investment climate. The meeting, held at the Ethiopian Skylight Hotel, was organized by the Ethiopian Investment Commission in partnership with the Ministry of Finance of Ethiopia and the Development Partners Group. Discussions focused on tracking reform implementation, addressing operational challenges, and identifying practical follow-up actions to support investment and economic growth. In opening remarks, Finance State Minister Semereta Sewasew stressed that sustained economic transformation depends on effective collaboration between government and the private sector. She noted that Ethiopia stands at a “critical juncture” after seven years of reforms aimed at unlocking the private sector’s potential as a central driver of growth. Semereta highlighted recent macroeconomic progress, including efforts to bring inflation down to single digits and steps toward foreign exchange liberalization. She also pointed to fiscal reforms such as modernized tax administration and a new performance-based tax and customs incentive proclamation designed to support genuine investors. Ethiopia has also advanced its participation in the African Continental Free Trade Area by issuing regulations to implement tariff-reduction commitments. On his part, Zeleke Temesgen, Ethiopian Investment Commissioner said the PPD initiative has gained momentum since its standalone launch in August 2024. According to the commissioner, 18 government institutions have so far been engaged in addressing issues raised through the dialogue, with 13 institutions formally assigned to lead resolutions within their mandates. A key highlight of the event was the launch of a new online tracking platform integrated into the EIC website. Developed with technical support from Deutsche Gesellschaft für Internationale Zusammenarbeit (GiZ) and funded by the governments of Germany and the United Kingdom, the platform will allow investors, chambers of commerce, and development partners to monitor progress on PPD issues in real time, improving transparency and accountability. “Transparency and accountability are central to the success of PPD initiatives,” Zeleke said, noting that more than 13 government agencies have already designated focal persons and submitted detailed action plans with implementation timelines. The dialogue also provided a platform for national and international investors to raise concerns related to tax and customs procedures, investment regulatory frameworks, freight and insurance in capital registration, and the franco valuta policy. Government representatives highlighted additional structural improvements, including the establishment of specialized commercial and investment benches in federal courts to handle complex business disputes more efficiently. The meeting serves as a precursor to the upcoming Invest Ethiopia 2026: High-Level Business Forum, building on commitments made during previous engagement sessions. Participants from both the public and private sectors reaffirmed their commitment to “co-creating solutions” to ensure Ethiopia remains an attractive and predictable destination for investment. Concluding the session, State Minister Semereta underscored that the ultimate objective is to build a “transparent, predictable, and competitive business environment” capable of generating meaningful employment opportunities for Ethiopia’s rapidly growing youth population.
PM Abiy Says MESOB Center in Harar Part of National Push to Modernize Public Services
Mar 10, 2026 799
Addis Ababa, March 10, 2026 (ENA)—Prime Minister Abiy Ahmed said the MESOB Integrated Service Center in Harar is part of Ethiopia’s broader national initiative to modernize public service delivery and expand access to government services through one-stop centers. In a social media post on Tuesday, the Prime Minister noted that the MESOB platform in Harar currently brings together eight government institutions under one roof. The center operates through 24 service counters and provides 67 different public services, enabling residents to access multiple government services in a single location. According to the Premier, the initiative reflects the government’s broader effort to improve efficiency, accessibility, and citizen satisfaction by reducing fragmentation across institutions and lowering the time and cost citizens face when seeking public services. The MESOB model is being expanded across the country as part of the government’s wider digital transformation agenda. Integrated service centers are expected to play a key role in strengthening public sector performance and improving the overall experience of citizens accessing government services. The premier is currently visiting major development projects in the eastern part of the country, particularly in the cities of Dire Dawa and Harar, with the tour having begun last weekend, it was learned.
Ethio telecom, ZTE Seal Major Network Expansion Deal
Mar 9, 2026 2298
Addis Ababa, March 9, 2026 (ENA)—Ethio telecom and ZTE Corporation have finalized a major network expansion and modernization agreement on the sidelines of the Mobile World Congress (MWC) 2026 in Barcelona. The move is expected to significantly strengthen connectivity and accelerate digital inclusion across Ethiopia. The agreement will expand and modernize infrastructure across the ZTE operational circle, covering 647 network sites, including 115 in rural areas. According to Ethio telecom, the initiative will considerably boost nationwide connectivity while extending high speed digital services to communities that have remained underserved. Ethio telecom Chief Executive Officer Frehiwot Tamru, along with members of the company’s executive leadership, held a series of strategic discussions with senior executives of ZTE during the engagement. Once completed, the expansion and modernization program is expected to enhance network capacity, coverage and service quality across the operational area managed by ZTE. The project will raise 4G population coverage to 95.5 percent, enabling millions more citizens, businesses and public institutions to access reliable high speed mobile connectivity. Officials said the initiative will play an important role in expanding digital inclusion by extending advanced mobile broadband services to rural and previously underserved communities. The agreement followed extensive negotiations between Ethio telecom’s leadership and senior management at ZTE headquarters, alongside the company’s technical team supporting the Ethiopian operator. Beyond the infrastructure expansion, the two sides also held forward looking discussions on accelerating implementation of Ethio telecom’s corporate transformation strategy titled “Next Horizon Digital and Beyond 2028.” The partnership underscores the longstanding cooperation between Ethio telecom and ZTE and reflects a shared commitment to strengthening Ethiopia’s digital ecosystem through modern and resilient telecommunications infrastructure. According to Ethio telecom, the initiative will support the country’s broader digital transformation agenda by widening high speed connectivity, enabling new digital services and empowering communities, institutions and businesses across the nation. The company reaffirmed its commitment to investing in advanced technologies and strategic partnerships aimed at strengthening national digital infrastructure and positioning Ethiopia as a rising digital hub on the African continent.
PM Abiy Hails Harari Rural Corridor Village as Model for Community-Driven Development
Mar 9, 2026 1010
Addis Ababa, March 9, 2026 (ENA)—Prime Minister Abiy Ahmed has described a newly developed rural corridor village in Ethiopia’s Harari Region as a model for community-driven development. He particularly highlighted the importance of local participation and the use of locally available resources in transforming rural areas. The premier is currently visiting major development projects in the eastern part of the country, particularly in the cities of Dire Dawa and Harar, with the tour having begun yesterday. Speaking about the project located in Sofi Woreda, specifically in Burqa Kebele, the prime minister said the small village demonstrates how coordinated planning and community engagement can significantly improve rural living conditions. “The rural corridor in Harari region located in Sofi Woreda, Burqa Kebele, is a model small village developed through community participation and the use of locally available materials,” he said. According to the prime minister, the village was constructed with strong involvement from local residents, reflecting a practical approach to rural development that integrates traditional construction techniques with organized planning. He added that such initiatives can serve as examples for similar projects aimed at strengthening rural infrastructure and improving livelihoods across the country. The development is part of broader efforts to promote sustainable rural transformation by mobilizing communities, utilizing local materials, and improving basic services in smaller settlements. Officials say the approach seeks to balance modernization with locally rooted practices while encouraging greater community ownership of development projects.
PM Abiy Ahmed Arrives in Harar, Visits Community Built Model Village
Mar 9, 2026 994
Addis Ababa, March 9, 2026 (ENA)—Prime Minister Abiy Ahmed arrived in Harar today for a working visit following the conclusion of his engagements in Dire Dawa. According to a social media update from the Office of the Prime Minister, the historic city, widely known as the “City of Love,” welcomed the prime minister and First Lady Zinash Tayachew upon their arrival in the Harari Region. The visit forms part of the prime minister’s broader engagements in eastern Ethiopia. The Prime Minister visited a rural corridor development project in Burqa Kebele of Sofi Woreda in the Harari Region. The site is a model village developed through strong community participation and the use of locally available materials. Constructed with active involvement from local residents, the village reflects a practical approach to rural development that combines traditional building techniques with organized planning. The model settlement demonstrates the region’s commitment to structured and sustainable rural development. The premier praised residents for their collective effort in building a modern living environment that blends traditional Harari architectural styles with essential infrastructure. The initiative shows how community led efforts and the use of local resources can contribute to sustainable rural development while improving the living conditions of residents.
Dire’s Corridor Dev’t Enabling Realization of Comfortable Public Recreation Areas, Says PM Abiy
Mar 9, 2026 964
Addis Ababa, March 9, 2026 (ENA)—Dire’s corridor development project is enabling the realization of comfortable public recreation areas and improved environmental aesthetics, Prime Minister Abiy Ahmed said. In his social media message today, PM Abiy noted that Dire’s corridor development project is enabling the realization of comfortable public recreation areas, improved environmental aesthetics, and well-maintained community gathering spaces in Dire. The corridor also includes electric vehicle charging stations, shops, cafeterias, and properly standardized parking areas, creating opportunities for residents of the city to generate income, he further stated. Accompanied by First Lady Zinash Tayachew, PM Abiy also visited the Ethiopian Conformity Assessment Enterprise yesterday in Dire Dawa. The facility will provide quality assurance testing for a wide range of products, including edible oils, petroleum and fuel products, food items, cosmetics and detergents, as well as construction materials and industrial inputs. The initiative is expected to strengthen standards compliance and support local industries by ensuring product quality and safety. During his Dire Dawa city inspection visit, the Premier reviewed the Dire Mesob One-Stop Center. This five-story digital hub, sprawling across 3,000 square meters, currently streamlines over 73 government services. The center stands as a testament to the administration's drive toward efficiency, bringing essential public services closer to the citizens of the "Queen of the Desert."
Premier Highlights Expanded Quality Assurance Services with New Laboratory in Dire Dawa
Mar 8, 2026 894
Addis Ababa, March 8, 2026 (ENA)—Prime Minister Abiy Ahmed said quality assurance services for manufacturers and service providers in the Dire Dawa area have been expanded with the establishment of a new testing laboratory. The Premier is inspecting various development and service-delivery projects during his visit to Dire Dawa. He arrived earlier in the afternoon accompanied by First Lady Zinash Tayachew and received a ceremonial welcome at the airport from local officials. During the visit, the Premier also reviewed the Dire Mesob One-Stop Center, a facility currently providing digital government services to citizens across approximately 73 service areas. Built on more than 3,000 square meters of land, the center features a five-story building with a terrace and is designed to improve the efficiency and accessibility of public services. In a social media post following his visit to the Ethiopian Conformity Assessment Enterprise Dire Dawa branch, the Prime Minister noted that, in addition to previously available services linked to the region’s free trade zone and dry port operations, the new laboratory will improve access to testing and certification services for businesses in the area. “The Ethiopian Conformity Assessment Enterprise is a government organization that provides quality assurance services for products and services. It operates based on international procedures and systems, delivering certification services to manufacturers, service providers, exporters, importers, regulatory authorities, research institutions, and the wider consumer community,” he noted. According to Abiy Ahmed, the facility will provide quality assurance testing for a wide range of products, including edible oils, petroleum and fuel products, food items, cosmetics and detergents, as well as construction materials and industrial inputs. The initiative is expected to strengthen standards compliance and support local industries by ensuring product quality and safety.