News

Italian investment in Ethiopia has reached approximately €723 million, with over 20 Italian companies participating in Big 5 Construct Ethiopia 2026. Italian exports to Ethiopia rose last year, reflecting the country's opening economy and improving business environment.

Ethiopia achieved import substitution worth 4.85 billion USD through locally produced goods over nine months, driven by the 'Made in Ethiopia' initiative. Manufacturing sector growth accelerated from 4.8% to over 13%, with 754 new industries entering production.

Ethiopia's Council of Ministers approved €80M from the French Development Agency and €110M from the European Investment Bank for economic reforms and rural microfinance. The council also approved agreements for a urea fertilizer facility and cyber security infrastructure regulations.

The Czech Republic is expanding investment opportunities in Ethiopia, with 2024 trade showing Czech exports at $8.59M and Ethiopian exports at $7.77M. Priority sectors include water, sanitation, irrigation, waste management, transport, and healthcare infrastructure.

Russian e-commerce platform Wildberries officially entered the Ethiopian market, expanding digital retail access. The move represents a significant foreign investment in Ethiopia's growing digital commerce sector.

The national carrier placed an order for an additional six Boeing 787 Dreamliners, expanding its long-haul fleet. The purchase reflects the airline's continued growth strategy across regional and international routes.

Ethiopia introduced a mandatory aviation security fee applicable to all air passengers. The policy is intended to strengthen airport security infrastructure and raise operational standards across the sector.

The European Union committed over €420 million in development funding to Ethiopia. The package supports economic development, institutional capacity-building, and sector reforms.

The European Union reinstated direct budgetary support to Ethiopia following a prior suspension. The resumption signals renewed international confidence in Ethiopia's reform trajectory and fiscal management.

Ethiopia continues to face challenges negotiating debt restructuring agreements with international bondholders and commercial creditors. The stalled talks underscore persistent difficulties in resolving the country's external debt obligations.

Ethiopia's banking system is experiencing a surge in liquidity following recent monetary policy adjustments by the NBE. The shift reflects efforts to stimulate credit availability and support broader economic activity.