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Economy
Emirates Businesswomen Council Sees Growing Investment Opportunities in Ethiopia
Nov 2, 2026 1760
Addis Ababa, November 2, 2026 (ENA) —Chairperson of the Emirates Businesswomen Council Aisha Mohammed Saeed Al Mulla has praised Ethiopia’s growing business potential. She highlighted expanding investment opportunities across multiple sectors and emphasized the strong prospects for deepened economic cooperation between Ethiopia and the United Arab Emirates (UAE). Reflecting strong economic ties, bilateral trade totaled 5.6 billion USD from 2021 to 2025. Speaking exclusively to ENA, Al Mulla noted that the council is seeking fresh investment opportunities in Ethiopia to boost Emirati women's involvement in the country's expanding market. She identified Ethiopia’s abundant natural resources, favorable climate,and large labor force as key factors that make the country an attractive destination for investment. The Ethiopian government's Homegrown Economic Reform Agenda, coupled with major infrastructure investments and reforms in transport, energy, logistics,and telecommunications, has further strengthened the country's business environment, she noted. Reflecting on the growing economic partnership, Al Mulla said trade and investment relations between Ethiopia and the UAE are gaining momentum, supported by the increasing commitment of business communities in both countries to expand cooperation. "Business collaboration between Ethiopia and the UAE is growing year by year, and it looks promising. We are looking forward to more collaboration," she said. She added that Emirati business representatives visiting Ethiopia are increasingly interested in exploring new business prospects and identifying emerging investment opportunities. "I think most of the people who came here from the UAE are looking for more chances, for more opportunities, for more new doors to approach. I think we are going in the right path and towards more success," she stated. Highlighting the council's future priorities, Al Mulla said Emirati businesswomen are keen to strengthen partnerships with Ethiopian women entrepreneurs and explore investment opportunities in sectors with significant growth potential. "We are also looking for more cooperation with Ethiopian women here as businesswomen, looking forward to finding many opportunities in agriculture, AI, merchandise, processed food or ready food, and many other things," she said. She emphasized that expanding business-to-business partnerships and identifying untapped investment areas would help create new opportunities for women entrepreneurs while further strengthening economic ties between the two countries.
Diplomatic Visibility, Strategic Deterrence and Growing Stakes in the Red Sea Region
Nov 1, 2026 13085
By Staff Writer November 1, 2026 (ENA) The final week of October 2026 brought Ethiopia into sharper international focus, as the country advanced its defence modernization, strengthened strategic partnerships and renewed attention to its interests in the Abay (Nile) Basin and Red Sea region. From the announcement of the delivery of advanced fighter jets and plans to acquire sophisticated air defence systems to high-level diplomatic engagements at the Russia-Africa Summit, Ethiopia's activities reflected the growing intersection of national security, economic ambitions and regional geopolitics. Prime Minister Abiy Ahmed's participation in the Third Russia-Africa Summit in Moscow provided an important platform for advancing bilateral and continental cooperation. His announcement that Ethiopia had received its first 12 Su-35 fighter jets and was set to acquire four batteries of S-400 air defence systems also brought the country's military modernization into the international spotlight. Meanwhile, the Third Ethiopian Water and Energy Week highlighted the country's efforts to strengthen water-resource management amid rising demand from agriculture, industry and a growing population. In Addis Ababa, the introduction of the first 26 natural gas-powered city buses marked another step towards reducing fuel imports, lowering transport costs and expanding the use of locally sourced energy. Beyond these developments, discussions surrounding Ethiopia's interests in the Abay River and sustainable access to the Red Sea continued to feature prominently in national and international discourse. Together, these developments underscored Ethiopia's efforts to strengthen its national capabilities, diversify international partnerships and advance its economic and strategic interests in an increasingly interconnected regional environment. Defence Modernization: Ethiopia Advances Strategic Deterrence One of the week's most consequential announcements came from Prime Minister Abiy Ahmed, who disclosed that Ethiopia had taken delivery of its first 12 Russian-made Su-35 4++ generation fighter jets and was preparing to receive four batteries of S-400 air defence systems. The Prime Minister described the development as a significant milestone in the country's efforts to strengthen national defence and security capabilities, emphasizing the importance of building military readiness during peacetime to deter potential threats. "Today, in accordance with our prior agreement with the Russian government, we have taken delivery of the first twelve Su-35 4++ Generation fighter jets," he announced. He further disclosed that Ethiopia would receive four batteries of S-400 air defence systems, marking another major component of the country's military modernization programme. The Prime Minister elaborated that the delivery was expedited ahead of schedule following high-level engagements with the Russian government, including discussions with President Vladimir Putin. Highlighting the capabilities of the newly acquired aircraft, Abiy said the Su-35 combines advanced radar technology, high manoeuvrability and air-to-air and air-to-ground combat capabilities. He also pointed to its ability to detect and engage aerial threats, including cruise missiles and certain ballistic targets. The acquisition signals Ethiopia's intention to strengthen its air capabilities as part of a broader effort to modernize the Ethiopian National Defence Force (ENDF). Beyond acquiring sophisticated military platforms, the country's evolving defence priorities also place emphasis on operational readiness, technological capabilities and the institutional capacity required to maintain and sustain modern military systems. The announcement has consequently drawn international attention to Ethiopia's changing defence posture and its implications for the wider Horn of Africa and Red Sea security environment. Russia-Africa Summit: Advancing Ethiopia's Strategic Partnerships Ethiopia's defence announcement coincided with Prime Minister Abiy Ahmed's participation in the Third Russia-Africa Summit in Moscow, where he engaged in bilateral and multilateral discussions aimed at expanding cooperation across strategic sectors. Among the key engagements was his meeting with Russian President Vladimir Putin, during which the two leaders discussed ways to deepen the longstanding relationship between their countries. PM Abiy pointed out that the discussions explored opportunities for expanding cooperation in nuclear energy, healthcare, trade and other areas of mutual interest. The meeting reflected the two countries' continued interest in broadening their partnership beyond traditional diplomatic relations into sectors central to Ethiopia's long-term economic and technological ambitions. In a gesture underscoring the importance of intellectual exchange and mutual understanding, the Ethiopian Prime Minister also presented Putin with the Russian edition of his book, Medemer. PM Abiy described the presentation as reflecting the shared commitment of the two countries to dialogue, mutual understanding and the continued advancement of bilateral relations. Addressing the summit, the Prime Minister emphasized the importance of translating longstanding diplomatic relationships and strategic commitments into tangible development outcomes. He identified food security and agricultural productivity, reliable energy supply, and skills and knowledge transfer as three essential pillars underpinning Ethiopia's development ambitions. He further noted that Ethiopia and Russia have maintained diplomatic relations for more than a century, founded on mutual respect and shared interests. As part of efforts to expand this historic partnership, the two countries are pursuing cooperation on the development of a nuclear power plant in Ethiopia, an initiative expected to contribute to the country's long-term energy ambitions. Prime Minister Abiy said the strategic partnership with Russia could help diversify Ethiopia's energy options, accelerate its development aspirations and strengthen cooperation in areas critical to national prosperity. Water and Energy: Strengthening the Foundation for Sustainable Development While defence and diplomacy attracted considerable international attention, Ethiopia's water and energy agenda remained another important focus during the week. The Third Ethiopian Water and Energy Week brought together policymakers, technical experts and other stakeholders to examine the country's progress and challenges in managing its water resources and expanding access to essential services. The third day of the event was dedicated to Water Day under the theme "Evidence to Action: Science-Based Solutions for Integrated WASH and Water Resource Management." Discussions focused on strengthening the identification, documentation and sustainable management of Ethiopia's surface and groundwater resources as population growth, industrialization and agricultural expansion continue to increase national demand. The gathering also provided an opportunity to assess progress over the past decade in drinking water supply and sanitation, recognize achievements and identify remaining gaps. For Ethiopia, effective water-resource management is closely linked to food security, energy generation, industrial development and public health. With agriculture remaining central to the national economy, improved water management and expanded irrigation infrastructure are increasingly important to strengthening agricultural productivity and reducing vulnerability to climate-related shocks. The discussions therefore highlighted the importance of translating scientific evidence, research and policy commitments into practical solutions that can support the country's long-term development. Addis Ababa Introduces Its First Natural Gas-Powered City Buses Another notable development during the week was the introduction of the first 26 natural gas-powered city buses into Addis Ababa's public transportation system. Prime Minister Abiy Ahmed announced that the buses, converted from conventional fuel to natural gas, had officially entered service, marking a new phase in the capital's efforts to modernize public transport and diversify its energy sources. The initiative is expected to reduce the country's fuel import bill, lower public transport operating expenses and make transportation more affordable for passengers. the Prime Minister revealed that the transition is projected to cut passenger fares by half while reducing foreign currency expenditure on conventional fuels. He explained that the initiative followed months of work to transport domestically produced natural gas to Addis Ababa, establish refuelling facilities and retrofit existing buses. Beyond its immediate transport benefits, the project demonstrates efforts to expand the domestic application of locally available energy resources and strengthen technological and industrial capabilities. The Premier also disclosed that an additional 400 natural gas-powered buses were expected to arrive soon, as the government seeks to accelerate the transition towards more affordable and diversified public transportation. The initiative forms part of broader efforts to improve urban mobility, reduce dependence on imported petroleum products and deliver tangible economic benefits to citizens. Abay and Red Sea: Ethiopia's Strategic Interests Gain International Attention Alongside developments in defence, diplomacy and economic transformation, Ethiopia's interests in the Abay River and sustainable access to the Red Sea continued to attract attention from political leaders, analysts and international commentators. The country's geographical position, population size, economic ambitions and growing regional responsibilities have increasingly brought these issues into discussions about the future of the Horn of Africa. Former Prime Minister Hailemariam Desalegn described Ethiopia's pursuit of sustainable sea access as a legitimate national aspiration that should be addressed through dialogue, negotiations and mutually beneficial arrangements. He argued that the central question should not be whether Ethiopia needs access to the sea, but how such access can be secured peacefully while respecting the interests of all parties. With a population of approximately 130 million, a growing economy and a vast geographical area, Ethiopia is the world's most populous landlocked country. Hailemariam described the loss of direct maritime access as a historical development that continues to influence the country's economic and strategic interests. He also traced the region's present geographical arrangements to the European scramble for Africa in the 1880s, arguing that the issue deserves serious consideration rather than being passed on to future generations. His remarks added to the growing discussion about Ethiopia's maritime interests and the importance of pursuing regional solutions through constructive engagement. Meanwhile, former African Union Commission Chairperson Nkosazana Dlamini-Zuma highlighted Ethiopia's broader continental significance, particularly its homegrown development approach and investments in energy. Speaking to ENA in Moscow ahead of the Russia-Africa Summit, Dlamini-Zuma described Ethiopia as an important model of African development and self-determination. Having led the African Union Commission from its headquarters in Addis Ababa between 2012 and 2017, she emphasized the country's unique responsibility as the diplomatic capital of Africa. She said Ethiopia should continue contributing to the vision of an integrated, peaceful and prosperous continent, driven by African leadership and the aspirations of its people. Her remarks highlighted the importance of Ethiopia's development experience and its role in advancing continental cooperation. A Week Reflecting Ethiopia's Expanding Strategic Priorities Taken together, the developments of the final week of October reflected several interconnected dimensions of Ethiopia's national priorities. The defence acquisitions highlighted efforts to strengthen military readiness and strategic deterrence. The Russia-Africa Summit provided an opportunity to expand international partnerships in energy, trade, healthcare and technology. The Water and Energy Week reinforced the importance of sustainable resource management, while the introduction of natural gas-powered buses demonstrated the practical application of domestic energy resources. At the same time, discussions surrounding the Abay River and Red Sea access underscored the enduring importance of geography, economic interests and regional cooperation in shaping Ethiopia's strategic outlook. These developments point to a broader national agenda in which security, economic transformation, technological advancement and diplomatic engagement increasingly intersect. As Ethiopia continues to pursue its development ambitions and navigate a changing regional and international environment, the challenge will be to translate these strategic priorities into sustainable economic gains, stronger national institutions and peaceful, mutually beneficial regional partnerships.
Israeli Water Expert Sees Ethiopia’s Water Potential as Catalyst for Agricultural Superpower Ambition
Nov 1, 2026 7731
Addis Ababa, November 1, 2026 (ENA)— Ethiopia has enormous potential to advance agriculture and other development sectors through additional dams and other water-related projects, an Israeli water-technology expert said. The country has vast potential to harness its water resources, while investments in hydropower and expanding infrastructure offer enormous opportunities to transform its agricultural sector, boost energy production and accelerate broader economic development, he told ENA. Ravid Levy, Director of WaterEdge.IL, Israel’s national water innovation community, said Ethiopia has the potential to emerge as an agricultural powerhouse if its water resources and ongoing development projects are effectively harnessed. In an exclusive interview with ENA on the sidelines of the Third Ethiopian Water and Energy Week in Addis Ababa, Levy highlighted the country's expanding infrastructure, hydropower development and growing economy as key foundations for unlocking its agricultural and economic potential. "Ethiopia has a huge potential with the dam, with other projects, with growing infrastructure, economy, and agriculture as well. It could be and can be an agriculture superpower," he said. Levy, an Israeli water-technology expert, noted that water and energy are closely interconnected. He further stressed that coordinated development of the two sectors is essential to expanding electricity generation, improving water management and supporting sustainable economic growth. The expert emphasized that effectively harnessing Ethiopia's water resources could generate wider economic and social benefits, particularly by strengthening agricultural productivity, food security and energy access. He also underscored the importance of modern water-management technologies, including smart monitoring, metering and systems to reduce non-revenue water, in improving the efficiency and sustainability of water utilities. Turning to bilateral cooperation, Levy said Israel's experience in water management, technological innovation and research offers significant opportunities for collaboration with Ethiopian institutions. He identified joint academic research, partnerships between technology companies and Ethiopian water utilities, and technology transfer as promising areas for advancing bilateral cooperation. He explained that partnerships between Ethiopian and Israeli universities could combine their research capabilities to develop practical solutions to water-related challenges, adapting existing technologies and expertise to Ethiopia's specific needs and development priorities. Similarly, collaboration between Israeli technology companies and Ethiopian water utilities could help introduce innovative solutions in smart water monitoring, metering, water-loss reduction and improved service delivery. Highlighting the wider significance of water development, Levy said reliable water supply and effective wastewater management are essential not only for agriculture but also for public health, environmental protection and economic advancement. He further stressed that strong government commitment, complemented by the active participation of universities, private companies and other stakeholders, is crucial to translating the two countries' shared development interests into tangible results. Levy said such cooperation could help both countries address their respective water challenges while advancing technological innovation and sustainable development.
Danish Diplomat Hails Ethiopia’s Energy Advances as Catalyst for Strategic Partnership
Nov 1, 2026 4777
Addis Ababa, November 1, 2026 (ENA)— Ethiopia’s growing renewable energy capacity and ambitious green development agenda are creating significant opportunities to deepen strategic cooperation with Denmark in clean energy, water management and climate resilience, a Danish diplomat has told ENA. Thomas Fleurine Sorensen, Counsellor at the Embassy of Denmark in Ethiopia, highlighted the longstanding partnership between the two countries during an interview with ENA on the sidelines of the Third Ethiopian Water and Energy Week in Addis Ababa. He said Ethiopia’s progress in renewable energy and its commitment to sustainable development provide a strong foundation for expanding bilateral cooperation, particularly through knowledge exchange, institutional partnerships, and greater private-sector engagement. Sorensen identified the Assela Wind Farm as a flagship example of the two countries’ cooperation. He further underscored the importance of renewable energy investments in diversifying Ethiopia’s energy mix, increasing electricity generation, and advancing its green transition. The Counsellor reaffirmed Denmark’s commitment to supporting Ethiopia’s development priorities, emphasizing that stronger institutional and human-resource capacities are essential to ensuring sustainable progress. He particularly highlighted the importance of science-based, evidence-driven policymaking in the energy sector. Commending Ethiopia’s achievements in expanding its electricity grid and advancing universal energy access, the diplomat said the country’s experience offers valuable lessons for other African nations pursuing ambitious energy and development targets. With Ethiopia preparing to host COP32 in 2027, Sorensen also stressed the importance of strategic planning and clear priorities in advancing the country’s climate ambitions, reaffirming Denmark’s readiness to support its global climate objectives. He further praised Ethiopia’s willingness to pursue bold policy decisions in renewable energy and green growth. For him, the country’s development trajectory could inspire neighboring countries to embrace more ambitious and sustainable development pathways.
Ethiopia Prepares 4.5 Million Hectares for Summer Irrigated Wheat Production
Oct 31, 2026 8873
Addis Ababa, October 31, 2026 (ENA) — More than 4.5 million hectares of land will be cultivated under this year’s summer irrigated wheat development program, according to Ministry of Agriculture. Lead Executive Officer for Crop Development at the Ministry, Teshome Geletu, said the target marks a significant scaling of the national initiative, which has become a cornerstone of Ethiopia’s strategy to ensure food sovereignty. Historically, Ethiopia faced an annual wheat demand exceeding 107 million quintals, necessitating the expenditure of 700 million USD to 1 billion USD each year to bridge the deficit. However, agricultural reforms introduced under the current administration have successfully shifted the narrative from aid dependency to self-sufficiency. The summer irrigated wheat initiative, championed by Prime Minister Abiy Ahmed, has proven to be a transformative catalyst. Since the 2021/22 fiscal year, these efforts have enabled Ethiopia to cease wheat imports entirely and build the infrastructure required to enter the international export market, the Lead Executive Officer said. "The strides made in the agricultural sector have fundamentally decoupled our farmers and pastoralists from a total reliance on rain-fed agriculture," Teshome told ENA. "We are fostering a dynamic new development culture." The initiative has effectively dismantled the traditional practice of limiting wheat cultivation to a single season in highland and midland regions. By leveraging diverse irrigation methods, farmers are now empowered to harvest up to three times per year, extending productivity into vast lowland areas previously considered unsuitable for such crops, he explained. According to Teshome, the program’s growth has been rapid. What began as a pilot project covering just 20,000 hectares has expanded exponentially. During the 2025/26 season, the country successfully cultivated 3.78 million hectares, resulting in a bumper harvest of 149 million quintals. Looking ahead, the Ministry is preparing for the upcoming season, which commences in November. For this, the government has set a target to cultivate 4.5 million hectares, with a projected yield of 189 million quintals. Beyond the production figures, Teshome emphasized that the initiative has significantly bolstered the economic livelihoods of rural communities, effectively replacing long-standing mindsets of dependency with a focus on sustainable, high-yield productivity.
Ethiopia Moves to Deepen Digital Partnership with Huawei as It Advances 2030 Vision
Oct 31, 2026 7693
Addis Ababa, October 31, 2026 (ENA) — Ethiopia and Chinese technology giant Huawei have agreed to deepen their strategic cooperation in digital transformation. The agreement focuses on expanding ICT infrastructure, strengthening national technological capabilities, and accelerating the country's digital economy. Deputy Prime Minister Temesgen Tiruneh held discussions with Eric Yuan, the newly appointed Chief Executive Officer of Huawei Ethiopia, on the progress of Ethiopia's digital economy and prospects for further cooperation. In a social media post, Temesgen said the discussions reflected a shared commitment to advancing Ethiopia's transformation into a more connected, inclusive, and competitive economy. He noted that Huawei has played an important role in Ethiopia's digital development, particularly through the expansion of ICT infrastructure and improved connectivity. Yuan commended the government's ongoing efforts to advance the country's digital economy and reaffirmed Huawei's commitment to supporting Ethiopia's national development ambitions, the Deputy Prime Minister said. The discussions also explored opportunities to expand collaboration as Ethiopia advances its Digital Ethiopia 2030 strategy, with particular emphasis on national ownership, mutual trust, sustainability, security, and local value creation. Temesgen underscored that Ethiopia's digital transformation is not merely about adopting emerging technologies, but ensuring that they deliver tangible benefits to citizens, strengthen domestic technological capabilities, and create new opportunities for innovation and economic growth. He emphasized that although strong international partnerships are essential to advancing the country's digital ambitions, Ethiopia's technological future must remain firmly anchored in its own national priorities and aspirations. The two sides agreed to further strengthen their cooperation and translate their shared commitments into practical outcomes that contribute to Ethiopia's long-term development. "Our ambition is clear: an Ethiopia that is not only more connected, but more capable, more competitive, and better positioned to shape its own future," Temesgen stated.
PM Abiy Announces Launch of First 26 Natural Gas-Powered Buses in Addis Ababa
Oct 30, 2026 8692
Addis Ababa, October 30, 2026 (ENA) — Prime Minister Abiy Ahmed has announced that the first 26 city buses converted from conventional fuel to natural gas have officially entered service in Addis Ababa. The move marks a new step in the transformation of the capital's public transport system. “This historic milestone slashes foreign currency spending on fuel, cuts public transit operational costs, and reduces passenger fares by half,” the Prime Minister wrote on his social media channel. PM Abiy said the milestone follows months of work to transport locally produced natural gas to Addis Ababa, establish refueling stations, and retrofit existing buses. He noted that the transition will significantly reduce foreign currency expenditure on fuel, lower public transport operating costs, and cut passenger fares by half. The locally undertaken conversion also demonstrates Ethiopia's growing domestic technological capabilities and progress in technology transfer, he added. The Prime Minister further disclosed that 400 additional natural gas-powered buses are expected to arrive soon as the country moves to reduce its dependence on conventional fuels. He reaffirmed the government's commitment to delivering tangible and lasting improvements in citizens' lives through continued progress in food security, housing, and transportation.
PM Abiy Invites Russian Institutions to Partner with Ethiopia’s AI University
Oct 29, 2026 24206
Addis Ababa, October 29, 2026 (ENA) —Prime Minister Abiy Ahmed has called for deeper scientific cooperation with Russia, specifically inviting Russian institutions to partner with Ethiopia’s newly established Medemer University of Artificial Intelligence. Addressing the 3rd Russia-Africa Summit, the Prime Minister emphasized the importance of building local technological capabilities. “Ethiopia is establishing the Medemer University of Artificial Intelligence in Addis Ababa. We invite Russian universities and institutions to work with us in teaching and research.” The initiative is part of Ethiopia’s broader push for ''technological sovereignty," ensuring that AI development reflects local needs. “An African researcher should be able to create tools in the language of our people, and our institutions should decide how those tools use our data,” he said. Beyond AI, PM Abiy identified food security and energy as key pillars for cooperation, including the development of a nuclear power plant to diversify Ethiopia's energy mix. He stressed that these partnerships must focus on tangible outcomes. “Innovation must find its way into production and trade”, the Premier noted. Reflecting on the historical ties between the two nations, which date back to the late 19th century, he emphasized that modern cooperation must be backed by clear action plans. The PM concluded by highlighting that true independence requires both the right to decide and the ability to execute those decisions. “Independence gives us a right to decide. Capability gives us a means to put those decisions into action.”
Int’l Delegates Hail Bahir Dar City for Infrastructural Transformation, Hospitality
Oct 29, 2026 7164
Addis Ababa, October 29, 2026 (ENA) —International delegates who attended the 12th Tana High-Level Forum on Security in Africa have praised Bahir Dar city for its rapid infrastructural transformation, serene landscape and exceptional hospitality. Foreign dignitaries, policy experts, and scholars that recently gathered in Bahir Dar, the capital city of Amhara region, witnessed the city's developments. Speaking to ENA, Charles Ukeje, a Nigerian Professor at the Obafemi Awolowo University and a long-time attendee of the Forum, highlighted the noticeable shift in the city's infrastructure over the years. "I've been coming to Bahir Dar since the first Tana Forum, and it is always refreshing," Professor Ukeje said. "I've seen the city transform in a very qualitative way. From the Bahir Dar Airport, which I remember when it was just a shed or under construction, now looks beautiful and imposing to the drive to the venue; a whole lot of development is happening." The Professor added that choosing Bahir Dar to host a major continental event plays a crucial role in putting the city on the global map, providing both the required infrastructure and an ideal ambience for critical discussions on peace and security in Africa. First-time visitor Professor George Nwangwu, Convener of the Africa Climate Forum, expressed admiration for the city's natural beauty and tourism prospects. He noted that while he had previously visited Addis Ababa, Bahir Dar offered a remarkable new perspective on the country. "It’s a stunning location and a really beautiful place," the Professor said, praising the local culture, including traditional coffee and tea ceremonies, cuisine, and the warmth of the people. Professor Nwangwa said: "I think for tourism, a lot of people from Africa need to know that there is a beautiful place like this. Ethiopia has immense potential, and more should be done to popularize destinations like Bahir Dar." Paul-Simon Handy, Regional Director for East Africa at the Institute for Security Studies (ISS) and Representative to the African Union, pointed to recent urban renovation projects as key drivers of the city's growing appeal. "Bahir Dar is a beautiful lakeside city with great potential," he said. Handy added: "As a host nation for the African Union, Ethiopia is a hub for conferences, which strongly boosts the national hospitality industry—not just in Addis Ababa, but now visibly here in Bahir Dar as well."
Tanzania Interested in Exploring Ethiopia's Experience in AI-Assisted Tribunal Hearings
Oct 29, 2026 11634
Addis Ababa, October 29, 2026 (ENA) —The Tanzanian Finance Commissioner for Financial Sector Development, Dionisia Peter Mjema, has expressed interest in exploring artificial intelligence for tribunal hearings, citing Ethiopia's experience as a useful lesson for improving efficiency and reducing human error. The Commissioner made the remarks following a visit to Ethiopia's Capital Market Administrative Tribunal, where the Tanzanian delegation learned about the country's legal and regulatory framework for capital markets and the tribunal's operations. She said the delegation was particularly interested in Ethiopia's plan to develop AI-assisted hearings that could help improve the timely resolution of cases. According to the Commissioner, Tanzania could explore similar technology to modernize its tribunal's courtroom operations. The application of AI in hearings was an area of interest in the country's financial sector development efforts, she added. During the visit, the delegation also toured Ethiopia's capital market institutions, including the Ethiopian Securities Exchange and the Ethiopian Commodity Exchange, providing insights into the institutional arrangements supporting the country's developing capital market. Mjema said Tanzania could draw lessons from Ethiopia's experience in building institutional expertise, particularly the international exposure of professionals working in its capital market institutions. She also highlighted the importance of raising awareness of capital market products and services so that more companies, including small and medium-sized enterprises, could benefit from capital market financing. For his part, Eliad E. Mndeme, a lawyer and member of Tanzania’s Capital Market Tribunal, said the delegation learned how Ethiopia’s tribunal uses technology to facilitate electronic complaint filing and virtual hearings, allowing participants to follow proceedings remotely. The tribunal also uses artificial intelligence to transcribe spoken proceedings into written records, with the system reportedly achieving 87 percent accuracy, he said, adding that the tribunal is working with the Artificial Intelligence Institute of Ethiopia to improve its accuracy further. Mndeme pointed out that these practices offered useful lessons for Tanzania, particularly in applying technology to make dispute resolution more accessible and efficient. He also highlighted the tribunal’s efforts to prepare a guidebook on dispute-resolution mechanisms for lawyers and judges, saying public awareness of the system helps strengthen investor confidence by demonstrating that capital market disputes can be handled through an impartial and independent body.
Putin Hails Ethiopia–Russia Trade Surge to 1.3 Billion USD
Oct 29, 2026 12602
Addis Ababa, October 29, 2026 (ENA) — Russian President Vladimir Putin has hailed the sharp growth in bilateral trade between Russia and Ethiopia, which exceeded 1.3 billion USD in the first nine months of 2026. Putin underscored Moscow’s commitment to deepening economic and trade cooperation with Ethiopia. “I would like to highlight the substantial growth in bilateral trade, which exceeded 1.3 billion USD in January–September this year. This is more than double the figure for the whole of 2025,” he said. Speaking during talks with Prime Minister Abiy Ahmed on the sidelines of the Third Russia–Africa Summit in Moscow on October 28, Putin said trade between the two countries had more than doubled the total recorded for the whole of 2025. He described Ethiopia–Russia relations as friendly and constructive, highlighting promising opportunities for large-scale cooperation in energy, agriculture, industry, peaceful space exploration, science, healthcare and education. “We have many promising large-scale projects across a wide range of areas, from energy, agriculture and industrial cooperation to the peaceful exploration of outer space, science, healthcare and education,” he said. Putin reaffirmed Russia’s commitment to deepening its longstanding relations with Ethiopia. He also described bilateral ties and his personal contacts with PM Abiy as friendly, substantive and constructive. He recalled their recent meeting on the sidelines of the BRICS Summit in New Delhi in September, where the two leaders reviewed key areas of bilateral cooperation, according to the Russian Foreign Ministry. The Russian President also emphasized the countries’ coordination on international affairs through the United Nations, BRICS and other multilateral forums. He said Russia fully supports Africa’s emergence as one of the key centres of the emerging multipolar world order. President Putin added that Moscow would pay particular attention to expanding trade and economic cooperation with African countries, ensuring food and energy security, and developing healthcare. He further wished Ethiopia success in hosting the 2027 United Nations Climate Change Conference in Addis Ababa. He noted that the Third Russia–Africa Summit would conclude with the adoption of a declaration and a new Action Plan of the Russia–Africa Partnership Forum covering 2027–2029. The meeting, he said, provided an opportunity to continue discussions on strengthening the multifaceted relations between Ethiopia and Russia, alongside current regional and international issues.
Ethiopia, EIB Global Deepen Strategic Partnership to Mobilize Investment, Accelerate Economic Transformation
Oct 29, 2026 5699
Addis Ababa, October 29, 2026 (ENA)— Ethiopia and European Investment Bank (EIB) Global vowed to deepen strategic partnership to mobilize investment and accelerate economic transformation, according to Ministry of Finance. State Minister of Finance, Tiguist Fisseha met with an EIB Global delegation led by Andrew McDowell, Director General, and Christophe Litt, Head of the Financial Inclusion Division. Discussions were focused on aligning EIB’s financing, technical expertise, and European partnerships with Ethiopia’s national priorities and long-term growth ambitions. The two sided reaffirmed their strategic partnership to mobilize investment, expand private sector financing, advance green finance, and accelerate strategic infrastructure development and regional integration in support of Ethiopia’s economic transformation. Talks advance 190 million Euro in financing for rural finance and energy, alongside discussions on Bishoftu International Airport. Accordingly, 110 million Euro for rural finance that EIB financing approved for the Third Rural Financial Intermediation Program (RUFIP III), expanding access to finance and supporting rural enterprises. Some 80 million Euro for energy and digitalization that both sides agreed to accelerate the signing and effectiveness of the Renewable, Integrated and Sustainable Energy and Digitalization (RISED) Project to modernize Ethiopia’s electricity transmission system and advance the energy transition. Discussions explored financing opportunities for the strategic airport project, Bishoftu International Airport, which will strengthen Ethiopia’s aviation capacity and regional connectivity. The two sides also explored opportunities to scale up private investment in energy through public-private partnerships, complementing Ethiopia’s hydropower, wind, and solar investments. State Minister Tiguist outlined progress under the second phase of Ethiopia’s Homegrown Economic Reform Agenda, emphasizing macroeconomic stability, economic diversification, financial sector modernization, a competitive investment environment, and private sector-led growth. She highlighted Ethiopia’s priorities of mobilizing long-term investment, expanding access to finance, accelerating digital transformation, modernizing agriculture, strengthening domestic manufacturing, and creating productive jobs for its growing youth population. She underscored opportunities to deepen cooperation with EIB Global in three areas: mobilizing private capital, expanding financing for small and medium-sized enterprises, and directing investment toward productive, export-oriented sectors. She also emphasized developing Ethiopia’s green finance ecosystem and capital markets, including laying the groundwork for future green bond issuances. The discussions also highlighted the European Union’s Global Gateway strategy as a platform to mobilize European investment in strategic infrastructure and strengthen regional economic integration. State Minister Tiguist noted Ethiopia’s ambition to serve as a regional hub for trade, logistics, energy connectivity, and industrial development. She emphasized opportunities in cross-border transport, regional energy interconnections, and trade facilitation to strengthen economic links across the Horn of Africa. On Bishoftu International Airport, both sides recognized the project’s strategic potential to expand aviation capacity, strengthen regional connectivity, and position Ethiopia as a gateway for trade, investment, and wider regional economic integration. On his part, EIB Global Commitment Director General McDowell reaffirmed EIB Global’s commitment to supporting Ethiopia’s development priorities. He emphasized the Bank’s expertise in regional integration, energy, transport, and digital connectivity, as well as opportunities for technical cooperation and co-financing with European and multilateral partners. Both sides committed to deepening the partnership and mobilizing investment and expertise in support of Ethiopia’s economic transformation, private sector growth, sustainable infrastructure, and regional integration.
Ethiopia Emerges as Leading Healthcare Manufacturing Hub in Africa: Expert
Oct 29, 2026 9663
Addis Ababa, October 29, 2026 (ENA)— Ethiopia is becoming a premier destination for healthcare manufacturing investment in Africa, driven by bold policy reforms, improved foreign exchange access, and an open investment environment, according to Dr. Iain Barton, Founding Principal of Health 4 Development. Speaking to ENA on the sidelines of the African Healthcare Manufacturing Trade Exhibition and Conference (AHMTEC 2026) in Addis Ababa, Dr. Barton noted that recent reforms have significantly transformed the nation's business climate. He emphasized that these changes are creating major new opportunities for investors across the pharmaceutical and broader healthcare manufacturing sectors. Barton, who has worked in Ethiopia’s pharmaceutical sector for nearly two decades, recalled that the country had previously been a difficult market to serve because of import restrictions and foreign exchange constraints. However, he said the situation had changed considerably over the past three years. “What we’ve seen over the last 36 months is a complete transformation of the Ethiopian market,” he said. “I’ve always called Ethiopia the jewel of the East. It is such an incredible economy and such an incredible population. And suddenly it’s opened up.” He attributed the transformation to government led reforms in regulation, foreign exchange management, investment incentives, and business ownership, saying the changes were helping attract renewed investor interest. “Those policies are what is driving this transformation,” Barton said, adding that the impact could extend beyond healthcare manufacturing to other sectors of the economy. He said Ethiopia’s large population and economic potential made it an increasingly important market for companies seeking to expand their presence across Africa. While countries such as Nigeria, Tanzania, Rwanda, Egypt, Morocco, and Algeria also offer significant investment opportunities, Barton said Ethiopia should be central to companies’ long-term strategies for the continent. “Anyone who doesn’t have Ethiopia on their strategic plan is missing the biggest opportunity of the moment,” he said. Barton also highlighted Ethiopia’s potential within Africa’s broader drive to expand local production of medicines, vaccines, and medical devices, a move aimed at strengthening the continent’s capacity to meet its healthcare needs. Referring to Africa Centers for Disease Control and Prevention Director General Dr. Jean Kaseya’s description of African manufacturing as “the second liberation of Africa,” Barton stressed the importance of developing domestic production capacity and making better use of the continent’s human and economic resources. “We have to allow ourselves to explore our talents, explore our capacity, explore our market potential, and deliver against the promise we have made to the patients we serve,” he said. “If we do that effectively, our dreams know no bounds.” He also commended African entrepreneurs for building businesses and creating economic value despite challenging operating conditions. To sustain this progress, he called on governments to strengthen investment in universities, research and development, innovation hubs, and other support systems needed to nurture local talent and industrial capacity. “All we have to do is give our talent the space, the opportunity, and the capacity,” he said. AHMTEC 2026, held in Addis Ababa from October 26 to 28 under the theme “Industrialize to Commercialize,” brought together manufacturers, policymakers, investors, regulators, and development partners to explore ways to strengthen Africa’s healthcare manufacturing ecosystem and expand the continent’s capacity to produce essential health products locally.
Ethiopia, Russia Vow to Deepen Longstanding Ties Across Key Sectors
Oct 29, 2026 15640
Addis Ababa, October 29, 2026 (ENA)— Prime Minister Abiy Ahmed has held talks with Russian President Vladimir Putin to advance Ethiopia–Russia relations, with discussions focusing on expanding cooperation in nuclear energy, health, trade, and other areas of mutual interest. Describing the bilateral meeting as fruitful, Prime Minister Abiy said the discussions explored avenues for further strengthening the longstanding partnership between the two countries, including cooperation on bilateral and multilateral issues. The talks underscored the two countries’ continued engagement in broadening collaboration across strategic sectors and advancing their shared interests. In a gesture highlighting the importance of dialogue and mutual understanding, Prime Minister Abiy also presented President Putin with the Russian edition of his book, Medemer. “I also personally presented President Putin with the Russian edition of my book, Medemer, reflecting our shared commitment to dialogue, mutual understanding, and the continued advancement of Ethiopia–Russia relations.” Rooted in the concept of synergy and cooperation, Medemer adds an intellectual dimension to Ethiopia’s engagement with Russia, reflecting the potential of dialogue and shared ideas to foster mutual understanding and further strengthen bilateral relations.
Ethiopia Steps Up Water Resource Mapping Amid Growing Demand
Oct 28, 2026 7435
Addis Ababa, October 28, 2026 (ENA)— Ethiopia is strengthening efforts to identify, document, and manage its surface and groundwater resources as rapid population growth, industrialization, and agricultural expansion drive up national demand for water, according to a senior expert at the Ministry of Water and Energy (MoWE). The remarks were made during the 3rd Ethiopian Water and Energy Week, which designated its third day as Water Day. The day focused on strategic discussions surrounding drinking water supply, sanitation, sustainable resource management, and progress toward global Sustainable Development Goals (SDGs). Held under the theme “Evidence to Action: Science-Based Solutions for Integrated WASH and Water Resource Management,” Water Day convened industry experts and policy makers to evaluate progress made over the past decade in drinking water and sanitation, celebrate key milestones, and address ongoing challenges across the nation. Speaking to ENA on the sidelines of the event, MoWE Water Resource Development Senior Expert Yoseph Abebe highlighted the ministry’s efforts to map surface and groundwater resources and introduce modern instruments and databases to improve the collection, organization, and management of water-related information. Although Ethiopia is often described as a water-abundant country and the “tower of water” of the region, Yoseph said efforts to adequately assess and harness its water resources had remained insufficient. He also emphasized the importance of watershed conservation in protecting water resources and improving their sustainability. Citing conservation activities undertaken under the Green Legacy Initiative, Yoseph said groundwater recharge had improved, declines in water sources were showing signs of recovery, and soil erosion and sedimentation in water bodies were decreasing. These developments, he noted, indicated progress in efforts to conserve the country’s water resources and strengthen their long-term sustainability. Beyond resource assessment and conservation, Water Day discussions also focused on the role of improved planning, infrastructure development, and partnerships in addressing Ethiopia’s water supply and sanitation challenges. Azeb Tadesse, head of the Urban Water Supply Study, Design and Construction Supervision Desk at MoWE, said the event focused on sustaining water resources and showcasing practices and innovations in water, sanitation, and energy. She said the sessions reviewed developments in drinking water supply and sanitation over the past decade, examining progress, identifying outstanding challenges, and exploring measures to accelerate progress toward the Sustainable Development Goals. The discussions also explored ways to expand private-sector participation in Ethiopia’s water sector, particularly through partnerships and supportive policy frameworks, Azeb said. Local and international presenters are sharing experiences and practices to inform the development of water supply and sanitation services, she added.
PM Abiy’s Medemer Book Launched in Russian, Expanding Ethiopia’s Intellectual Reach
Oct 28, 2026 15274
Addis Ababa, October 28, 2026 (ENA)— Prime Minister Abiy Ahmed’s book Medemer has been launched in its Russian translation in Moscow, marking a new chapter in the international reach of the Ethiopian philosophy rooted in indigenous knowledge. Prime Minister Abiy, who attended the launch, expressed pride in the milestone. In a social media post, the Premier described the launch as evidence that Medemer has crossed national borders and is gaining a wider international audience. He noted that the book, already translated into English, Chinese, and Arabic, has now reached the Russian-speaking world, further expanding its global reach and creating new opportunities for intellectual and cultural exchange. The Prime Minister further elaborated that the growing international presence of Medemer demonstrates Ethiopia’s contribution to global discourse through ideas drawn from its own intellectual traditions and indigenous knowledge. He also highlighted the significance of the Russian translation as a reciprocal exchange of knowledge, noting that Russia has long influenced Ethiopian scholars and intellectual life. Prime Minister Abiy expressed appreciation to the leadership and media professionals at Russia Today (RT) for their commitment to the project, saying the initiative would help build a stronger cultural and intellectual bridge between Ethiopia and Russia. The launch comes as the Prime Minister visits Moscow to attend the Third Russia–Africa Summit, which brings together African and Russian leaders and high-level delegations to advance political dialogue, economic cooperation, and strategic partnerships. The Russian edition of Medemer is highly anticipated to add an intellectual and cultural dimension to Ethiopia–Russia relations, extending engagement beyond traditional diplomatic and economic ties and introducing a wider audience to an Ethiopian philosophy of synergy and collective progress.
Ethiopia Takes Delivery of 12 Su-35 Fighter Jets, to Receive S-400 Air Defense Systems: PM Abiy
Oct 28, 2026 16910
Addis Ababa, October 28, 2026 (ENA)— Prime Minister Abiy Ahmed has announced that the country has taken delivery of its first 12 Su-35 4++ generation fighter jets and is set to receive four batteries of S-400 air defense systems. The Prime Minister described the move as a significant milestone in Ethiopia’s efforts to strengthen its national defense and security capabilities. In a social media post, PM Abiy said Ethiopia’s comprehensive efforts to sustainably ensure peace and security had reached a new milestone. He added that the growing readiness of the country’s defense forces was enhancing its ability to deter potential aggression. “Today, in accordance with our prior agreement with the Russian government, we have taken delivery of the first twelve Su-35 4++ Generation fighter jets,” he said, adding that Ethiopia would also receive four S-400 air defense system batteries. Prime Minister Abiy expressed gratitude to Russian President Vladimir Putin for facilitating the delivery of the fighter jets a year ahead of the agreed schedule. He said the acquisition places Ethiopia at the forefront of Sub-Saharan African nations in equipping itself with the advanced fighter jets. The Prime Minister further elaborated that the development further strengthens Ethiopia’s sovereignty and enhances its defense capabilities, enabling the country to pursue its national security objectives while contributing to regional stability. The announcement comes as Prime Minister Abiy arrives in Moscow, Russia, to attend the Third Russia–Africa Summit, providing an opportunity to advance Ethiopia’s engagement with Russia and other African nations. The Prime Minister described the acquisition as a significant boost to Ethiopia’s collective security and its long-term efforts to safeguard national sovereignty and regional peace.
Former AUC Chairperson Urges Africa to Fundamentally Restructure Economic Systems
Oct 28, 2026 11578
Addis Ababa, October 28, 2026 (ENA)— Former African Union Commission (AUC) Chairperson Nkosazana Dlamini-Zuma called African nations to fundamentally restructure their economic systems. She argues the continent must move beyond its role as a mere exporter of raw materials to become a global hub of value-added production. In an exclusive interview with ENA on the sidelines of the Russia-Africa Summit, Dlamini-Zuma addressed the "African paradox"—a continent defined by immense natural wealth existing alongside persistent poverty. She emphasized that the path to prosperity lies in "decolonizing the mind" and taking absolute control over the continent's vast resources. Dlamini-Zuma highlighted the structural flaws in current trade patterns, where minerals are shipped directly from mines to ports, bypassing local industrialization. She warned that this cycle is effectively an export of the continent's future. "Africa is rich, but its riches leave the ports—leave the mines to the ports to go and reach other countries," she explained. "If we take our minerals from the mine to the port, we're not only exporting raw material, we're exporting high-level jobs that are going to be created to beneficiate and process those raw materials. We are also exporting revenue because we sell cheap and we buy expensive." She argued that by processing resources locally, African nations could generate the revenue necessary for a "skills revolution." This would equip the youth to build their own nations rather than seeking opportunities abroad. "We must train our young people so that they don't dream of escaping Africa, but they fix Africa," she added. Turning to agriculture, Dlamini-Zuma invoked the words of Thomas Sankara, emphasizing the link between nutrition and political autonomy: "Who feeds you controls you." With Africa holding 60 percent of the world’s available arable land, she argued that food insecurity is a choice, not a necessity. "We have land, we have sunshine, we have water, and we have people. We don't lack anything," she noted. "So, let's change our mindset and understand that we can have food sovereignty if we decide to do so. Who respects somebody who can't feed themselves?" She proposed that the solution lies in intra-African trade, utilizing the African Continental Free Trade Area (AfCFTA) to ensure that what one nation produces, another can consume, thereby reducing dependency on external imports. Dlamini-Zuma also stressed that economic progress is tethered to political and social integration. She urged African states to ratify the 2018 protocol on the free movement of people, which she identified as a critical catalyst for trade. "Trade would be difficult amongst ourselves if movement is difficult," she explained. "We need free movement of goods and people so that trade can be much easier." She concluded by emphasizing the power of a unified diplomatic front. According to Dlamini-Zuma, the continent’s influence on the global stage is currently diluted by fragmentation. "If we're united, it means we can speak with one voice, even at the UN," she said. "If we speak in 55 voices, people just hear the noise; they don't know what we said. So, it's very important that we unite in ideas and integrate." By championing local beneficiation, food self-sufficiency, and the removal of borders for trade, Dlamini-Zuma’s vision offers a roadmap for an Africa that is no longer a passive participant in the global economy, but a self-reliant, unified, and prosperous global player.
Prime Minister Abiy in Moscow to Attend Third Russia–Africa Summit
Oct 28, 2026 10128
Addis Ababa, October 28, 2026 (ENA)— Prime Minister Abiy Ahmed has arrived in Moscow, Russia, to attend the Third Russia–Africa Summit. Upon his arrival, Prime Minister Abiy was received by senior Russian government officials and members of the diplomatic corps. The visit comes as leaders and high-level delegations from across Africa gather in Moscow for the summit, aimed at advancing multilateral partnerships, economic cooperation, and strategic dialogue between Russia and African nations. Diplomatic relations between Ethiopia and Russia span more than a century, rooted in historic solidarity, cultural links, and continued diplomatic coordination. In recent years, bilateral cooperation between Addis Ababa and Moscow has expanded across key sectors, with bilateral trade turnover increasing substantially. The two nations also continue to explore joint initiatives in civil nuclear energy technology and capacity building, alongside intensified coordination across global governance platforms following Ethiopia’s official accession as a full member of BRICS on January 1, 2024. The Russia–Africa Summit serves as an institutional platform for high-level political, economic, and strategic engagement between Russia and African countries. Launched in Sochi in October 2019, the inaugural summit established a structured mechanism for regular high-level dialogue. This framework was further advanced during the Second Summit in St. Petersburg in July 2023, which focused on energy security, food supplies, and industrial cooperation. The Third Russia–Africa Summit in Moscow brings together heads of state, government ministers, and representatives of international organizations, alongside the Russia–Africa Economic and Humanitarian Forum, to strengthen economic partnerships, expand trade, and advance long-term cooperation frameworks.
Ethiopia Exemplifies Self-Reliance, Transformative Energy Policies: Former AUC Chairperson
Oct 27, 2026 12305
Addis Ababa, October 27, 2026 (ENA)— Former African Union Commission (AUC) Chairperson Nkosazana Dlamini-Zuma has lauded Ethiopia as a definitive model for continental progress. She cited the nation’s commitment to homegrown development and bold energy policies as a masterclass in national self-determination. Speaking to ENA in Moscow ahead of the Russia-Africa Summit, Dlamini-Zuma reflected on the essential role Ethiopia plays as the diplomatic "capital of Africa." Having led the AU from its Addis Ababa headquarters between 2012 and 2017, she noted that the nation bears a unique responsibility to lead by example. She argued that Ethiopia must remain at the forefront of the "Africa We Want"—an integrated, peaceful, and prosperous continent driven by its own citizens. Dlamini-Zuma identified a lack of internal confidence as the primary obstacle to African development. She pointed to the Grand Ethiopian Renaissance Dam (GERD) as the ultimate symbol of breaking the cycle of waiting for foreign intervention. "One of the things that impressed me about Ethiopia…(is) how you built, as Ethiopians, you built the Renaissance Dam without waiting for outsiders to come and do the work. For me, that was very important, because a lot of countries in Africa are not developing because they are waiting for outsiders to come and develop them," she stated. She challenged other African leaders to adopt this mindset, emphasizing that true progress requires an unwavering belief in local capacity. "Because if we don't have confidence in ourselves and don't believe in ourselves, we'll never go anywhere far," she added. Beyond large-scale infrastructure, Dlamini-Zuma highlighted Ethiopia’s rapid urban evolution as evidence of the power of energy sovereignty. Having recently visited Addis Ababa, she noted the visible, fast-paced transformation of the city, attributing this success to the country’s proactive energy initiatives. "I've been to Addis recently, and I can see it's changing very fast. And it shows that when you have energy, there is a lot you can do," she remarked. She specifically praised the Ethiopian government’s pioneering decision to ban the import of petrol and diesel vehicles. This policy, she noted, positions the nation at the forefront of the global green energy transition. "I think they're the only country in Africa, I don't know about in the world, that has banned the import of petrol and diesel cars. So, those are some of the things that I can mention in this short space of time," she noted. As leaders gathered in Moscow to discuss the future of the Russia-Africa partnership, Dlamini-Zuma’s message served as a rallying cry for self-reliance. She framed Ethiopia’s achievements as a replicable template for the entire continent.