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31/10/2025

Ethiopia’s Economic Growth Strengthens Ties with Italy – Ambassador Demitu Hambisa

Addis Ababa - October 31, 2025 (ABN)

Ethiopia’s economic growth has significantly strengthened its relations with Italy and other European countries, according to Ethiopia’s Ambassador to Italy, Demitu Hambisa.

Speaking to Fana Media Corporation, the Ambassador stated that the bilateral and multilateral diplomatic relations between Ethiopia and Italy have now reached an advanced level.

She highlighted that under the diplomatic efforts of Prime Minister Dr. Abiy Ahmed, Ethiopia witnessed a historic achievement — the return of the solar aircraft from Italy to Ethiopia for the first time.

Italian Prime Minister Giorgia Meloni has also expressed her government’s readiness to visit Ethiopia and enhance the diplomatic ties between the two nations.

Ambassador Demitu added that the relationship between Ethiopia and Italy has shown remarkable progress across economic, political, and social spheres, enabling many Italian companies to invest and operate in Ethiopia.

The Ambassador noted that the two countries are closely collaborating in sectors such as infrastructure development, industrial and automotive production, textiles and leather products, as well as coffee and agricultural outputs.

She concluded by emphasizing that Ethiopia’s growing diplomatic stature and abundant natural and human resources present an attractive opportunity for foreign investors.

31/10/2025

Opening Speech by H.E. Habtamu Itefa Geleta at the 2nd Ethiopian Water and Energy Week

Addis Ababa - October 31, 2025 (ABN)

The fifth day of the 2nd Ethiopian Water and Energy Week, organized by the Ministry of Water and Energy (MoWE), featured a high-level conference co-hosted by the Institute of Foreign Affairs (IFA) under the theme “Ethiopia’s Water Resources and Energy: Past Challenges, Diplomatic Achievements, and Future Directions from a Transboundary Perspective.”

Opening the conference, H.E. Habtamu Itefa Geleta (), Minister of Water and Energy of the Federal Democratic Republic of Ethiopia, delivered a compelling address that underscored Ethiopia’s commitment to cooperation, peace, and sustainable development in the management of its natural resources.

H.E. Habtamu emphasized that water and energy are not merely economic assets but essential instruments of life, peace, and shared prosperity. He reflected on Ethiopia’s enduring commitment to managing these resources responsibly, grounded in the conviction that true progress arises through unity, dialogue, and collective purpose.

“We were not created to hoard resources like water or wealth but to nurture life to grow from what we have, transforming water into sustenance and harmony,” he stated, highlighting Ethiopia’s people-centered approach to water diplomacy and energy development.

The Minister stressed that social cooperation and economic harmony are not abstract ideals but guiding principles for regional stability and peace. He called for constructive engagement among nations to replace competition with collaboration and division with shared progress.

Reflecting on Ethiopia’s diplomatic journey, H.E. Habtamu commended the country’s growing partnerships with regional and continental neighbors. He acknowledged the joint efforts of Ethiopia and Burkina Faso, and saluted the dedication of diplomats, technical experts, and water commissioners whose contributions have been pivotal in building trust and strengthening regional cooperation.

“Our plans for tomorrow must begin with clarity, purpose, and unity,” he affirmed, extending appreciation to partners from South Sudan, Kenya, and other African nations who continue to stand with Ethiopia in the spirit of collaboration and peace.

H.E. Habtamu also underscored the importance of knowledge exchange and institutional learning, urging universities and research institutions to foster inclusion, transparency, and innovation. He reminded participants that diplomacy thrives on open dialogue and shared wisdom, and that learning is a continuous process even for the most seasoned experts.

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31/10/2025

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30/10/2025

Manufacturing Registering Year-on-Year Growth, Says Industry Minister Melaku Alebel

Addis Ababa - October 30, 2025 (ABN)

The contribution of manufacturing has been showing year-on-year growth, Industry Minister Melaku Alebel said.

According to him, Ethiopia's manufacturing sector is improving every year and helping the economy.

The Made in Ethiopia campaign has contributed toward boosting industry capabilities and increasing production levels, the Minister noted.

In an exclusive interview with ENA, Mekalu Alebel told ENA that the Made in Ethiopia campaign has increased production by uncovering what the sector can do and enhancing outputs.

He stated that awareness of manufacturers in making use of Ethiopia's rich natural resources and human resource to boost domestic production as well as increase exports has been created.

Challenges faced by the industrial sector, both short and long-terms, have been dealt with, leading to a growth in local production capabilities and import substitution.

The Made in Ethiopia campaign is boosting the production capacity of small and medium enterprises, he said.

Looking back at the growth of the manufacturing sector, he revealed that the sector grew by 4.8 percent in 2014 Ethiopian Fiscal Year (EFY) climbed to 10.3 percent in the 2017 EFY, and is expected to go beyond 12 percent this 2018 EFY.

Melaku added that this trend shows strong economic growth. The advancements made by the campaign show its significant role in strengthening the Ethiopian economy.

Recall that Prime Minister Abiy Ahmed told the 5th regular meeting of the House of People’s Representatives that the industry sector had 3.7 percent share of the GDP in 2017 EFY.

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30/10/2025

Ethiopian Airlines Signs Partnership Agreement with Chapa Financial Technologies

Addis Ababa - October 30, 2025 (ABN)

Ethiopian Airlines Group has signed a partnership agreement with Chapa, a leading Ethiopian fintech company, to enhance its online payment services. The signing ceremony took place today at the Skylight Hotel in Addis Ababa.

The agreement was signed by Mr. Hailemelkot Mamo, Deputy Chief Executive Officer of Ethiopian Airlines Group, and representatives from Chapa Technologies.

Under this partnership, Ethiopian Airlines customers will be able to conveniently purchase tickets on the airline’s website using multiple digital payment options powered by Chapa.

Mr. Hailemelkot Mamo stated that the collaboration with Chapa will make the ticket purchasing process easier and more seamless for customers by integrating all payment options into a single platform.

He also noted that the agreement will support the growth of local tech companies and promote innovation within Ethiopia’s digital ecosystem.

Chapa, founded four years ago by two young Ethiopian entrepreneurs, currently employs over 60 professionals and continues to expand its financial technology solutions across the region.

30/10/2025

President Trump and Xi Jinping Conclude “Remarkable” Talks Focused on Cooperation and Mutual Benefit

Addis Ababa - October 30, 2025 (ABN)

U.S. President Donald Trump and Chinese President Xi Jinping held discussions in South Korea, addressing a wide range of bilateral and global issues.

During their meeting, both leaders emphasized the importance of working together in areas of mutual interest and enhancing cooperation for shared benefit.

President Trump described the talks with President Xi as “remarkable,” noting that the two sides reached agreements on several key issues a development expected to further strengthen bilateral relations between the two economic powers.

As part of the understanding, the United States will reportedly reduce tariffs on Chinese goods from 57% to 47%.

The two countries are expected to soon formalize a new trade agreement, which observers believe could ease tensions and stabilize their economic relations.

President Xi, for his part, highlighted the importance of deepening collaboration and friendship between China and the United States, stressing that both nations must shoulder their responsibilities toward global economic stability through partnership and shared prosperity.

The leaders also agreed to cooperate in areas including cybersecurity, anti–money laundering, irregular migration, and artificial intelligence, according to BBC reports.

President Trump concluded his official visit to Asia and is expected to travel to China in April for a follow-up working visit.

30/10/2025

Ethiopia Announces New Fuel Market Share Formula by City

Addis Ababa - October 30, 2025 (ABN)

The Ethiopian government has unveiled a new market share formula for fuel products, aimed at ensuring fair distribution across the country. The formula categorizes cities into five groups based on economic activity, population, and other relevant factors.

Category 1 includes the capital, Addis Ababa, and its surrounding cities of Gelan, Legetafo, Sululta, Burayu, and Sebeta.

Category 2 covers major regional cities such as Bahir Dar, Dire Dawa, Hawassa, Mekelle, Gondar, Adama, Semera Logia, Dicheto, and Aisha.

Category 3 consists of Bishoftu, Jimma, Shashemene, Dessie, Mojo, Kombolcha, Hara, Wolayta S**o, Dewele, Awash Seven, and Gambella.
Category 4 includes Debre Birhan, Arba Minch, Hosanna, Serdo, Bale Robe, Nekemte, Mizan Aman, Asela, Weliso, Asosa, Mile, Woldia, Ambo, Debre Markos, Debre Tabor, Butajra, Galafi, Welkite, Metahara, Warabe, Bonga, Wereta, and Enjibara.

Categories 5, 6, and 7 cover zone and woreda-level towns with gas stations that are not included in the first four categories.

Officials emphasized that the new system is designed to address distribution challenges and improve public access to fuel rather than preventing shortages. It aims to separate companies’ market shares to create a fairer allocation process.

Currently, around 60 companies are engaged in fuel distribution across Ethiopia. The implementation of the new formula will follow a planned, agreed-upon schedule. Authorities expect this approach to improve fairness in the sector and reduce competition-related conflicts among fuel distributors.

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29/10/2025

Ethiopia Boosting Its Int'l Partnerships, Experience Sharing in Agriculture: Says EIAR

Addis Ababa - October 29, 2025 (ABN)

The Ethiopian Institute of Agricultural Research (EIAR) has affirmed that Ethiopia has been enhancing its international partnership in experience sharing and technological transfer in a bid to enhance its food self-sufficiency.

Professor Nigussie Dechasa, Director General of EIAR, expressed that Ethiopia has been working to enhance its efforts to ensure national food security through agricultural experience sharing.

He made these remarks during the ongoing China Africa Agricultural Science and Technology Innovation Alliance Conference held from October 26-29, 2025 in Addis Ababa.

According to the director general, agriculture remains the backbone of the economy and the main source of livelihoods for the majority of Ethiopians.

Nigussie also noted the urgency of targeted improvements in farming communities as the sector is indispensable for economic progress and sustaining the population and that is why the country has been focusing on international collaboration, especially with China, to improve its agricultural production.

Ethiopia wants technologies and experts from China as it has been working on agricultural growth and development and to leverage Chinese expertise in rice cultivation and research, he added.

In addition to rice, he identified cotton production and livestock management as additional sectors that have given attention in the partnership with China.

According to Nigussie, exploring these areas would diversify Ethiopia’s agricultural base, boost productivity, and strengthen food security.

The collaboration seeks to create a productive, mutually beneficial partnership that strengthens agricultural infrastructure, enhances productivity, and delivers tangible benefits to rural communities.

Zhang Shihong, Livestock Specialist and Team Leader of the China Agricultural Expert Group, on his part, emphasized the vital role of partnership in training and research for sustainable farming and growth.

“Our group, comprising of eight Chinese experts, came to Ethiopia in a bid to exchange knowledge through training, demonstration and research,” he said.

The training in chicken breeding and animal feed to prevent diseases with PROMIX products to enhance beef breeding, fattening technologies, and marketing channels could benefit the community.

The training also covers pest management, soil fertility, and water conservation that help conserve biodiversity and environmental health, reinforcing a sustainable path forward, the expert added

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29/10/2025

EthSwitch Relocates Its Data Center from National Bank to Zemen Bank Headquarters

Addis Ababa - October 29, 2025 (ABN)

EthSwitch has announced the relocation of its data center from the National Bank of Ethiopia to Zemen Bank’s headquarters. The announcement was made during the company’s 12th Annual General Meeting held yesterday at the Sheraton Addis Hotel.

In his remarks, Mr. Solomon Desta, Board Member of EthSwitch S.C., revealed that the company’s dividend per share has risen from 1,000 birr to 1,486 birr. He also stated that the company facilitated financial transactions worth over 740 billion birr through more than 287 million payment transactions.

Of this total, over 577 billion birr involved interbank fund transfers transactions between one financial institution and another representing about 128.3 million transactions.

Mr. Solomon further highlighted that EthSwitch’s paid-up capital has increased to 2.5 billion birr, while its annual revenue reached 2.2 billion birr. The company’s pre-tax profit for the year stood at 1.42 billion birr.

Among EthSwitch’s major achievements, he noted the successful relocation of its data center from the National Bank of Ethiopia to Zemen Bank’s headquarters, describing it as a significant milestone. Additionally, the company acquired a 12-story building to serve as its main office.

EthSwitch S.C. jointly owned by public and private banks as well as the National Bank of Ethiopia continues to play a pivotal role in strengthening the country’s financial infrastructure by enabling seamless interoperability among banks, payment systems, and financial institutions nationwide.

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29/10/2025

M-PESA Ethiopia Integrates with EthSwitch to Advance Financial Inclusion and Interoperability

Addis Ababa - October 29, 2025 (ABN)

M-PESA Ethiopia has announced the successful integration of its mobile money platform with EthSwitch, Ethiopia’s national payment network, marking a major milestone in the country’s journey toward financial inclusion and interoperability.

The integration enables seamless money transfers and payments between M-PESA and 15 participating banks and mobile wallets across Ethiopia, with more integrations planned in the coming weeks. Through this development, M-PESA customers can now send funds directly from their mobile wallets to any bank account connected to EthSwitch or make payments to merchants using bank-issued EthQR codes. Conversely, bank customers without M-PESA accounts can send money to M-PESA wallets or make merchant payments by scanning M-PESA EthQR codes through their respective mobile banking applications.

Powered by EthSwitch’s secure national payment infrastructure, the service facilitates real-time transactions that comply with Ethiopia’s financial standards and regulations. The integration represents a major step toward building an interoperable financial ecosystem, supporting the country’s goal of expanding access to digital financial services for individuals and businesses alike.

M-PESA users can access the feature through the M-PESA app, while customers of the participating institutions — including the Commercial Bank of Ethiopia, CBE Birr, Addis International Bank, Amhara Bank, Awash Bank, Bunna Bank, Cooperative Bank of Oromia (Coop Pay), Enat Bank, Lion International Bank, KAAFI Microfinance, Siinqee Bank, Siket Bank, Tsehay Bank, Wegagen Bank, and Zemen Bank — can find M-PESA listed among the transfer options within their mobile banking platforms.

The launch marks a significant advancement in Ethiopia’s financial digitalization agenda, reinforcing M-PESA Ethiopia’s commitment to providing accessible, secure, and interoperable payment solutions that empower consumers, merchants, and financial institutions to participate fully in the digital economy.

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29/10/2025

Ethiopia Reaffirms Strong Support for Peace in South Sudan – Foreign Minister Dr. Gedion Timotheos

Addis Ababa - October 29, 2025 (ABN)

Ethiopia has reiterated its unwavering commitment to supporting peace and stability in South Sudan, according to Foreign Minister Dr. Gedion Timotheos.

The Minister emphasized Ethiopia’s strong interest in strengthening its longstanding development partnership with South Sudan.

Dr. Gedion made the remarks during a meeting with South Sudan’s Deputy Minister for East African Affairs, Puot Deng Kuol, who paid a courtesy visit to his office today.

During the discussion, the South Sudanese delegation briefed Dr. Gedion on the current situation in the country, particularly in the Abyei region.

They also congratulated Ethiopia on the successful completion and inauguration of the Grand Ethiopian Renaissance Dam (GERD), extending their best wishes on the milestone achievement.

Dr. Gedion expressed appreciation to South Sudanese President Salva Kiir Mayardit for attending the GERD inauguration ceremony and reaffirmed Ethiopia’s steadfast support for South Sudan’s peace and stability.

Both sides agreed on the importance of deepening their collaboration and advancing mutual economic cooperation through sustainable development initiatives.

29/10/2025

NewNet Secure Transactions & Advantech Africa Mark Successful Deployment of AccessGuard 1000 for Major Acquiring Bank in Ethiopia

Addis Ababa - October 29, 2025 (ABN)

NewNet Secure Transactions Inc. and Reseller Partner in Ethiopia, Advantech Africa, is proud to announce the successful deployment of NewNet AccessGuard 1000 systems for leading banking acquirer in the region. This transformative deployment marks a significant milestone in revitalizing payment network access and secure transaction management for the Acquiring Bank.

The AccessGuard 1000 (AG1K) system, recognized globally for its advanced capabilities, has been deployed to enhance Payment Network Access Concentration, Secure Transport, Routing, and Switching services for the Acquiring Bank. The collaboration between the NewNet Secure Transactions Inc and Advantech teams ensured seamless integration, demonstrating the depth of expertise and commitment that both partners bring to the table.

The advanced technological features of AccessGuard 1000 deliver unparalleled advantages to the Acquiring Bank, including:
Enhanced Security: Industry-leading encryption and secure transaction protocols safeguard sensitive financial data.

Operational Efficiency: Streamlined routing and switching services significantly reduce processing time and operational bottlenecks. Scalability and Flexibility: The system's architecture is designed to adapt to the Bank's growing transaction volumes, ensuring long-term reliability.

With this deployment, the Acquiring Bank is poised to provide superior payment services to its customers, reinforcing its position as a leading financial institution in Ethiopia.

Reflecting on this achievement, Krishna Viswanadham, CEO of NewNet Secure Transactions Inc, stated, "We are proud to have partnered with Advantech Africa to bring the AccessGuard 1000 system to the major Acquiring Bank in Ethiopia. This deployment highlights the power of our innovative technology to address the unique needs of financial institutions in the fast growing African market.

It is a testament to our commitment to revolutionize FinTech by delivering omni-channel advanced payment infrastructure solutions that empower modernization, elevate security and compliance, and seamlessly integrate with the digital finance landscape"

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