Ethiopia’s Reform Momentum Signals Bright Investment Future: Indian Investor

Addis Ababa, March 17, 2026 (ENA) —Ethiopia’s ongoing economic reform and growing global engagement are creating a favorable environment for investment and signaling a bright economic future, Indian investor Rajeev Sharma said.

In an exclusive interview with the Ethiopian News Agency (ENA), the Indian investor who lived in Ethiopia for nearly 20 years noted that the leadership has recently intensified its diplomatic outreach, strengthening relations with major global partners and opening new avenues for cooperation.

He highlighted the recent visit of Prime Minister Narendra Modi of India, describing it as a significant milestone that has elevated Ethiopia-India ties from a bilateral engagement to a strategic partnership, enabling the two nations to share experiences in areas such as industrial development and investment promotion.

According to him, the enhanced relationship creates opportunity for Ethiopia to benefit from India’s experience in areas such as local manufacturing, industrial growth, and investment promotion.

“Ethiopia is moving in the right direction, and both countries can work together to share experiences and unlock their full potential,” Sharma stated.

Reflecting on the country’s reform trajectory, the investor said Ethiopia has been opening up sectors that were previously restricted to foreign investors by implementing the Home-Grown Economic Reform Agenda since 2018.

“These reforms have created significant opportunities. Sectors like retail and export, which were not accessible before, are now opening up and attracting foreign investment.”

Sharma added that the ongoing construction of a new major international airport envisioned to become one of Africa’s largest aviation hubs will further expand business and investment prospects.

Pointing to Ethiopia’s large domestic market, he noted that the country offers strong demand for goods and services with a population exceeding 120 million.

“The need is there. Increased investment will not only support import substitution but also strengthen local production, especially at a time when global logistics are becoming more challenging,” he elaborated.

He further underscored Ethiopia’s strong demographic advantage, pointing out that the country’s large youth population represents a major asset for future investment and economic expansion.

Citing the government’s efforts to improve the investment climate, Sharma said reforms such as the introduction of one-stop service centers that streamline access to visas, permits, and licenses for investors.

Drawing on his nearly 20 years of experience in Ethiopia, the investor underscored the importance of providing targeted financial support for existing investors seeking to expand their operations, particularly in light of the recent economic adjustments.

Sharma further called for maximizing the role of experienced foreign investors in promoting Ethiopia internationally, stressing that those who understand the country can help bridge information gaps and present its true potential to the global business community.

“Ethiopia is a country with rich culture, strong potential, and hospitable people. These strengths should be fully leveraged to attract more investment.”