Addis Ababa, May 3, 2026 (FMC) — Prime Minister Abiy Ahmed has announced that Ethiopia is on track to generate 10 billion U.S. dollars in export earnings during the current fiscal year, a figure that would represent a historic milestone for the country.

Speaking at the opening of the 4th ‘Made in Ethiopia’ Expo, the Prime Minister said the projected revenue reflects a significant increase compared to three years ago, when the country’s annual export earnings had not exceeded 3 billion USD.

He attributed the progress to the expansion of the industrial sector and the achievements of the ‘Made in Ethiopia’ initiative, noting that manufacturing growth has risen from 4.7 percent to 10.7 percent this year.

The Prime Minister stated that Ethiopia’s economic strategy has focused on boosting exports while reducing reliance on imported goods through strengthened domestic production.

Addis Ababa, April 29, 2026 (FMC) – The Government Communication Service (GCS) said Ethiopia is advancing a green economy pathway aimed at strengthening long-term energy security through sustained investment in renewable energy and broader development of the energy sector.

In a statement issued this morning, GCS said the government has allocated billions of birr to ease pressure on citizens while implementing wide-ranging measures to manage fuel supply amid global disruptions linked to the conflict in the Middle East.

It said fuel availability has been maintained through multiple interventions, using various mechanisms to address supply challenges and ensure continued domestic distribution.

GCS noted that Ethiopia’s policy direction focuses on reducing dependence on imported oil and building national energy self-sufficiency, adding that the country has so far avoided more severe social and economic pressures associated with global fuel market volatility.

Addis Ababa, April 27, 2026 (FMC) — Ethiopia has successfully concluded the final phase of negotiations to join the World Trade Organization (WTO), according to Minister of Trade and Regional Integration Kassahun Gofe, who briefed the media on the country’s latest progress in the accession process.

The Minister led the Ethiopian delegation to the 7th Working Party Meeting on Ethiopia’s WTO accession, held in Geneva, Switzerland last week.

In his media briefing on the progress achieved, Mr. Kassahun described the development as a major diplomatic milestone in Ethiopia’s long-standing bid to join the global trading system.

He noted that Ethiopia has now completed key technical and negotiation requirements, including providing comprehensive responses to more than 226 questions raised by WTO members, refining the Draft Working Party Report, and finalizing 32 mandatory . . . . . .

Addis Ababa, April 23, 2026 (FMC) – Ethiopia has moved away from its previous rigid political and economic ideologies, adopting a policy framework centered on a New Pragmatic Political Economy Outlook that prioritizes practical implementation and results-based governance, according to a statement released by the Office of the Prime Minister.

The statement notes that the reform direction, led by Prime Minister Abiy Ahmed, has established a governance approach that positions the government and the private sector as key partners, while institutionalizing a results-oriented work culture focused on efficiency and practical outcomes.

The update is linked to the Council of Ministers’ 100-day and nine-month performance review of the federal government for the 2025/26 fiscal year, convened this week under the leadership of the Prime Minister.

Under the pragmatic outlook, the statement outlines progress across eight key pillars.

Addis Ababa, April 2026 (FMC) – Ethiopia has secured strong backing from U.S. government agencies, leading financial institutions, and major industry players for the Bishoftu International Airport project following a financing roadshow held in Washington, D.C., marking a key step toward the implementation of one of Africa’s largest aviation infrastructure developments.

Senior U.S. officials expressed confidence in Ethiopia’s ongoing economic reform agenda, highlighting progress toward a more open, private sector–led economy, alongside solid macroeconomic performance and positive growth prospects.

The Bishoftu International Airport project was presented as a high-impact, bankable investment expected to transform regional connectivity, facilitate trade flows, and strengthen Ethiopia’s position as a global aviation and logistics hub, while enhancing Africa’s integration into international networks.

Addis Ababa, April 21, 2026 (FMC) – Ethiopia’s Minister of Finance, Ahmed Shide, held high-level talks with senior officials of the French Treasury on the margins of the World Bank-IMF Spring Meetings, reaffirming the strategic importance of Ethiopia–France economic relations.

The discussions focused on deepening bilateral development cooperation, enhancing macroeconomic coordination, and maintaining strong momentum on Ethiopia’s comprehensive debt restructuring agenda.

Both sides also exchanged views on closer collaboration through the World Bank and the International Monetary Fund in support of Ethiopia’s reform program and long-term economic stability.

Minister Ahmed Shide expressed appreciation for France’s consistent and constructive engagement, highlighting its leadership as Co-Chair of the Official Creditor Committee (OCC).

Addis Ababa, April 20, 2026 (FMC) — Ethiopia has held high-level discussions with World Bank leadership to strengthen cooperation on economic reforms and knowledge support, as the country pushes forward with its transformation agenda.

Finance Minister Ahmed Shide led a delegation in talks with World Bank Managing Director and Chief Knowledge Officer Paschal Donohoe on the margins of the Spring Meetings.

The discussions reviewed progress under Ethiopia’s Homegrown Economic Reform Agenda, with emphasis on gains in macroeconomic stabilization and structural transformation. The Ethiopian side stressed that mobilizing private capital is becoming increasingly central as the country advances toward a private sector-led growth model.

The meeting also touched on Ethiopia’s preparations to host COP32, highlighting its importance in promoting climate resilience and green development.

Addis Ababa, April 17, 2026 (FMC) — Ethiopia’s comprehensive macroeconomic reform has delivered significant improvements across key sectors of the economy, strengthening productivity, external trade performance, and fiscal management, Prime Minister Abiy Ahmed (PhD) has said.

In the second part of his interview with the Ethiopian Broadcasting Corporation (EBC) under the theme “The Heart of Sovereignty,” the Prime Minister said the reform program launched in recent years has fundamentally reshaped the country’s economic structure by opening up markets and expanding private sector participation.

He explained that the reform process is designed to create a competitive economic environment in which both public enterprises and private businesses operate under similar market conditions, reducing reliance on preferential treatment and directed financing.

Addis Ababa, April 20, 2026 (FMC) — The Ethiopian government has reported strong macroeconomic performance, job creation, and broad structural economic shifts as it presented a comprehensive review of progress achieved during the 100-day review and nine-month performance period.

In the report delivered by the Minister for Planning and Development, Fitsum Assefa, it was noted that the economy had been operating in a challenging environment characterized by weak institutions, low productivity, limited private sector participation, and underperforming state-owned enterprises.

The government indicated that it has implemented a pragmatic reform agenda aimed at opening the economy to competition, advancing home-grown policy solutions, and diversifying growth across sectors.  . . . . .

Addis Ababa, April 19, 2026 (FMC) — Ethiopia and the United Kingdom have agreed to strengthen their partnership by expanding cooperation in investment, trade, and development.

The agreement was reached during a meeting between Ethiopia’s Finance Minister Ahmed Shide and UK Minister of State for International Development Baroness Chapman on the sidelines of the 2026 IMF–World Bank Spring Meetings.

The two sides reaffirmed their strong bilateral ties and discussed ways to scale up collaboration across development, trade, and investment.

Ahmed Shide highlighted Ethiopia’s reform progress and positive economic outlook despite global economic challenges, emphasizing the need for sustained UK support to advance pro-poor development and consolidate reform gains.

Baroness Chapman, for her part, commended Ethiopia’s reform momentum and improvements in the business environment, reaffirming 

Addis Ababa, April 2026 (FMC) — Ethiopia and the African Development Bank have reaffirmed their strategic partnership during talks held on the sidelines of the 2026 Spring Meetings of the World Bank Group and the IMF, with both sides agreeing to deepen cooperation across key development sectors.

Finance Minister Ahmed Shide met with African Development Bank President Sidi Ould Tah, where discussions focused on advancing collaboration in support of Ethiopia’s economic reform program and long-term development priorities.

During the meeting, the minister pointed to progress in implementing reforms despite global economic challenges, reaffirming the government’s focus on maintaining macroeconomic stability, promoting private sector-led growth, and advancing structural transformation.

Addis Ababa, April 2026 (FMC) — Ethiopia and the European Union have reaffirmed their strategic partnership during high-level talks held on the sidelines of the 2026 Spring Meetings in Washington, D.C., with discussions focusing on expanding economic cooperation and supporting ongoing reforms.

The East African nation’s Finance Minister Mr. Ahmed Shide met with EU Commissioner for International Partnerships Mr. Jozef Síkela, where both sides reviewed areas of collaboration and aligned on priority development sectors.

The discussions focused on scaling up cooperation in support of Ethiopia’s reform agenda, climate resilience, improvements to the investment climate, and broader sustainable growth objectives.

Addis Ababa, April 19, 2026 (FMC) — Ethiopia and the United States have renewed efforts to deepen economic cooperation, with fresh momentum emerging from high-level engagements held during the 2026 World Bank–IMF Spring Meetings in Washington, D.C.

Finance Minister Ahmed Shide led Ethiopia’s delegation in discussions with senior officials from the U.S. Department of the Treasury, focusing on expanding trade and investment relations.

Key areas of engagement included strategic investment opportunities such as the planned Bishoftu International Airport, as both sides explored avenues to enhance private sector participation and long-term economic collaboration.

U.S. officials welcomed Ethiopia’s ongoing reform progress and reiterated their support for the country’s economic transformation through technical assistance, strengthened private sector engagement, and continued collaboration with international financial institutions.

Addis Ababa, April 19, 2026 (FMC) — The World Bank has reaffirmed its commitment to scale up support for Ethiopia as the country advances economic reforms and navigates evolving global challenges.

The assurance was made during high-level talks held on the sidelines of the 2026 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington, D.C., between Ethiopia’s delegation led by Finance Minister Ahmed Shide and World Bank Managing Director for Operations Anna Bjerde.

During the discussions, the Ethiopian side highlighted the country’s economic performance and ongoing reform efforts, while noting mounting pressures from global economic headwinds. The delegation stressed the need to scale up support to sustain reform gains and help the economy manage external uncertainties.

Addis Ababa, April 16, 2026 (FMC) — Ethiopia and the Japan International Cooperation Agency (JICA) have reviewed their ongoing development cooperation and identified priority areas for expanded engagement during bilateral talks held on the sidelines of the 2026 Spring Meetings.

Finance Minister Ahmed Shide held discussions with JICA Senior Vice President Naoki Ando, focusing on both the progress of existing collaboration and opportunities to scale up support in key sectors.

Ethiopia acknowledged JICA’s longstanding contribution through financing, technical assistance, and capacity-building programs supporting sectors such as infrastructure, agriculture, health, and education.

The talks also provided an opportunity for Ethiopia to outline the current status of its economic reform efforts, with emphasis on resilience amid global economic pressures and the need to sustain momentum through targeted sectoral support.

Addis Ababa, April 17, 2026 (FMC) — Ethiopia has provided an update on its debt restructuring process during the Global Sovereign Debt Roundtable held on the sidelines of the 2026 Spring Meetings of the World Bank Group and the International Monetary Fund (IMF) in Washington.

Minister of Finance Ahmed Shide represented Ethiopia at the Roundtable, where he outlined progress achieved under the G20 Common Framework, noting that it reflects strong cooperation with development partners and the Government’s commitment to restoring debt sustainability and ensuring macroeconomic stability.

The Roundtable brought together debtor countries, official bilateral creditors, private sector creditors, and international financial institutions to foster dialogue on global debt challenges.

Addis Ababa, April 17, 2026 (FMC) — Ethiopia and the U.S. International Development Finance Corporation (DFC) have held discussions on strengthening strategic cooperation in priority development sectors on the sidelines of the 2026 Spring Meetings of the World Bank Group and the International Monetary Fund (IMF) in Washington.

Minister of Finance Ahmed Shide met with DFC Chief Executive Officer Ben Black, where the two sides explored avenues to deepen economic and trade cooperation between Ethiopia and the Corporation.

The discussions focused on expanding collaboration in key sectors, including transport and mining, with both sides recognizing the role of development finance in supporting sustainable and inclusive growth.

The Minister highlighted Ethiopia’s ongoing macroeconomic reforms and efforts to improve the investment climate, reiterating the Government’s commitment to creating an enabling environment for foreign direct investment.

Addis Ababa, April 17, 2026 (FMC) — Ethiopia has called for faster and more coordinated financing of regional transport corridors, emphasizing their central role in driving trade and economic integration across the Horn of Africa.

Minister of Finance Ahmed Shide made the appeal at the 28th Ministerial Meeting of the Horn of Africa Initiative (HoAI), held on the sidelines of the 2026 World Bank–IMF Spring Meetings in Washington.

The Minister underscored that efficient regional connectivity is essential for Ethiopia’s economic development, noting that trade for a country of more than 130 million people depends heavily on reliable cross-border transport systems.

He stressed that accelerated investment in economic corridors is critical to enhancing competitiveness, unlocking trade potential, and expanding job creation across the region.

Addis Ababa, April 16, 2026 (FMC) — An Ethiopian delegation led by Finance Minister Ahmed Shide held high-level trilateral discussions with representatives of the World Bank and an Italian delegation to advance a coordinated tripartite partnership in support of Ethiopia’s homegrown macroeconomic reform agenda.

The meetings were held in Washington, D.C., on the sidelines of the 2026 IMF–World Bank Spring Meetings.

Discussions focused on strengthening collaboration among the three partners to support Ethiopia’s ongoing economic reform program and to mobilize timely and predictable financing aligned with the country’s development priorities.

The Ethiopian delegation highlighted recent macroeconomic progress and reaffirmed the government’s strong commitment to sustaining reform momentum, enhancing fiscal discipline and promoting inclusive economic growth.

Addis Ababa, April 15, 2026 (FMC) — Ethiopia is working to position itself at the forefront of emerging technological shifts by embracing artificial intelligence and Industry 4.0 as central pillars of its long-term economic strategy, Prime Minister Abiy Ahmed (PhD) has said.

In the first part of his interview with the Ethiopian Broadcasting Corporation (EBC) under the theme “The Heart of Sovereignty,” the Prime Minister outlined a shift in Ethiopia’s industrial outlook, emphasizing that modern development is increasingly defined by data, digital systems, and intelligent technologies rather than traditional industrial inputs alone.

He explained that the concept of industry has evolved beyond conventional associations with iron, steel, and manufacturing emissions, noting that today’s industrial competitiveness is shaped by digital infrastructure, data processing capacity, and the integration of artificial intelligence into production systems.

Addis Ababa, April 15, 2026 (FMC) — Ethiopian Prime Minister Abiy Ahmed (PhD) has underscored that the manufacturing industry remains central to Ethiopia’s economic transformation and a defining pillar of national sovereignty, describing it as the “heart” of the country’s economy.

Speaking in the first part of his latest interview with local media EBC under the theme “The Heart of Sovereignty,” aired on April 14, the Prime Minister said Ethiopia’s current reform agenda places manufacturing at the centre of efforts to build a productive and resilient economy.

He explained that sustainable industrial development requires balance in political and economic thinking, noting that previous approaches in different periods either overemphasized politics or leaned heavily toward economic priorities, limiting overall effectiveness. He stressed that the Medemer approach seeks to maintain equilibrium between the two spheres as a foundation for long-term transformation.

Addis Ababa, April 15, 2026 (FMC) — Governor of the National Bank of Ethiopia, Eyob Tekalign, presented the country’s ongoing financial sector reform agenda during a Capacity Development Talk held on the sidelines of the 2026 IMF-World Bank Spring Meetings in Washington, D.C.

Addressing senior officials from the International Monetary Fund, World Bank, and the European Commission, the Governor outlined Ethiopia’s efforts to build resilient markets, strengthen institutions, and ensure macroeconomic stability amid a challenging global and domestic environment.

He detailed key reforms being implemented under the Homegrown Economic Reform Agenda, including the transition toward an interest rate-based monetary policy framework and a move to a market-determined , , , , 

Addis Ababa, April 13, 2026 (FMC) — Ethiopia’s Ministry of Finance has announced that investors operating in free trade zones and engaged in the marketing of inputs and finished products will be exempted from income tax.

In an official communication addressed to the Ministry of Revenues (MoR) and the Ethiopian Investment Commission (EIC), the Ministry stated that the government is implementing a range of measures aimed at easing structural constraints hindering domestic industrial growth, including capital shortages, limited access to inputs, and skills gaps.

As part of these efforts, Ethiopia has introduced a free trade zone framework designed to facilitate business operations by allowing investors to import inputs and goods without immediate payment of taxes and duties. Under this system, taxes are deferred until the imported inputs or products are supplied to the market.

Addis Ababa, April 7, 2026 (FMC) — The Government of Ethiopia has officially launched its Macroeconomic and Structural Reform Report during a high-level event held at the Commercial Bank of Ethiopia.

The report, covering 18 months of performance, was produced by a collaborative team of Ethiopian economists and provides a rigorous, evidence-based assessment of the country’s economic trajectory and the tangible gains achieved under the second phase of the Home-Grown Economic Reform program.

Minister of Finance Ahmed Shide highlighted the significant progress recorded under the leadership of Prime Minister Abiy Ahmed. He noted that a high-level macroeconomic coordination platform has been established, supported by a robust technical team drawn from key economic institutions, think tanks, and international partners.

Addis Ababa, April 4, 2026 (FMC) — Ethiopia’s Minister of Finance, Ahmed Shide, held discussions with Wang Hao, Chairman of the China Export & Credit Insurance Corporation, on strengthening cooperation in trade and investment financing.

During the meeting, the two sides exchanged views on enhancing policy-level collaboration, particularly through expanding credit insurance support for priority sectors and facilitating increased Chinese investment in Ethiopia.

Both parties reaffirmed their shared commitment to deepening cooperation aimed at promoting sustainable bilateral trade, investment, and broader economic partnership.