Congratulations to H.E. PM @AbiyAhmedAli for making this happen. It’s a major step in addressing affordable housing needs. Mortgage financing has been debated for years with little progress. Today, that changes.
Today, I oversaw the signing of a landmark Framework for Cooperation between the National Bank of Ethiopia and the IFC to establish our country’s first dedicated Mortgage Refinance Company.
Capitalized at 100 Billion ETB, with the IFC set to contribute a minimum of $200 million, this wholesale institution will resolve long-standing liquidity mismatches in our banking sector and unlock accessible mortgage financing across Ethiopia.
This partnership is a critical step toward realizing our goal of delivering 1.5 million affordable, dignified homes for Ethiopian families while expanding private-sector participation in our financial system. Ethiopia continues to build a modern, resilient, and inclusive economy.
An annual tradition
On the occasion of the holy month of Ramadan, we hosted members of the less fortunate in our society for the annual Iftar dinners. Tonight’s fast was broken with a spirit of compassion, unity, and community.
#Ethiopia welcomes AU delegates and the world with a new face of tourism, where modern resorts, eco-lodges, and dazzling skylines come together to create unforgettable experiences. From highland trails to lakeside retreats, Ethiopia is opening its doors to groundbreaking eco-tourism. Discover the magnificent Shabeelay Resort, the serene Gorgora Eco Resort, the vibrant Wenchi Eco Lodge, and many more destinations redefining sustainable travel as you #MeetinEthiopia.
Addis Ababa, the beating heart of Africa’s diplomacy, is also a city of leisure, culture, and discovery. From luxury escapes to green urban sanctuaries, it offers a lifestyle that seamlessly blends relaxation with innovation. Extend your stay beyond the summit and immerse yourself in Ethiopia’s renowned hospitality and the growing movement for African-led tourism.
#VisitEthiopia
Ethiopia has finalised its preparations and stands ready to host the distinguished delegations of the 39th African Union Summit and the Second Italy–Africa Summit.
As you gather in the diplomatic capital of Africa, I warmly invite all distinguished delegates to plan ahead and extend your stay beyond the halls of the AU to experience a new era of African-led tourism development.
#VisitEthiopia
Today, we officially inaugurated the Aysha-II Wind Power Project, a landmark investment in Ethiopia’s renewable energy agenda. Located in the Somali Region, this flagship project is a cornerstone of our energy security strategy. With an annual generation capacity of 467 GWh, Aysha-II delivers the reliable and scalable power infrastructure required to a technology-driven economy.
The strategic geographic advantage of the Aysha plains extends beyond its status as one of East Africa’s premier wind corridors. Its proximity to neighbouring borders represents a concrete step toward transforming Ethiopia into a central hub for regional energy trade.
Guided by the principle of Medemer, we are committed to converting Ethiopia’s vast natural endowment into a shared resource that physically and economically binds the Horn of Africa together.
#Ethiopia achieves a monumental milestone today in redefining its energy sector with the inauguration of the Aysha-II Wind Power Project. This marks a decisive step toward diversifying our renewable energy mix.
As stable and reliable energy is the foundational pillar of a technology-driven economy, this flagship project demonstrates that Ethiopia is not only willing, but uniquely capable, of turning its boldest aspirations into reality.
#PMOEthiopia
We inaugurated Shabeely Resort, one of the flagship projects under the Dine for Generations initiative, which spans 385 hectares. Shabeely is not only a resort, but also a living expression of the rich heritage of the Somali Region, seamlessly blending modern architecture with ancient traditions. This eastern region project, among many others, marks a significant milestone in fulfilling our promise to make Ethiopia one of Africa’s top tourist destinations. The region’s abundant natural landscape, combined with the partnerships forged through Medemer’s endeavour, powerfully demonstrates that Ethiopia is not only a nation that dreams, but one that turns those dreams into reality.
The world is in chaos, what next?
Watch this video of Ethiopia’s Prime Minister H.E. Dr. Abiy Ahmed’s very insightful response to a question I posed to him at a finance forum last week.
This week at @wef in Davos global leaders expressed views similar to PM Abiy’s.
“አየር ሀይል አሁን ያለበትን ቁመና እንዲይዝ በየዘመናቱ መንግስታት የሰሯቸው ድምር ስራ ውጤት መሆኑን አምነን፣ አሁን ያለበትን ደረጃ ላለፉት 90 ዓመታት ከተጓዘበት ከፍ ያለው የላቀ ብቃት የያዘበት ጊዜ ነው ብለን በድፍረት መናገር ይቻላል።” - ጠቅላይ ሚኒስትር ዐቢይ አሕመድ
“Recognizing that the Air Force’s current stature is the result of the cumulative efforts of successive governments over different eras, we can confidently say that its present level represents the highest and most advanced capability it has attained over the past 90 years.” - Prime Minister Abiy Ahmed’s
#PMOEthiopia
#ETAF90
Whether in prosperity or in hardship, a mother never abandons her children because of her motherhood. Realizing that Ethiopia is an irreplaceable mother to her children, it is expected of all of us, by uniting together, to affirm Ethiopia’s resilience and sovereignty as did the heroes of yesterday.
#ETAF90
Seven years ago, Ethiopia’s macroeconomic situation was in a state of severe strain. Macroeconomic imbalances, heavy debt burden, foreign-exchange shortages, and market instability were the main macroeconomic challenges that existed prior to the reform.
As a result of the reform measures undertaken by the government to address these challenges, tangible outcomes are now being recorded. These reforms have enabled Ethiopia to become one of the fastest-growing countries in Africa. The first and second Home-Grown Economic Reform programs have made it possible to establish strong and modern institutions. Among the results brought about by the reforms is the design of strong, innovative, and efficient strategies to increase government revenue. Since the reforms, government revenue, including external inflows, has increased fivefold. Government tax revenue has risen by 400 percent. Overall government revenue has increased by 446 percent compared to its level in 2010. In terms of external resource inflows, over the past seven years a total of 25 billion US dollars has been mobilized. The budget allocated to poverty-focused sectors has quadrupled compared to its level in 2010. Regarding the fiscal deficit, it was reduced from 2.5 percent in 2010 to 0.9 percent in 2017.
Ahmed Shide
Minister of Finance
Institution building and readiness are core responsibilities of government. That is why we have taken deliberate and far-reaching measures to strengthen Ethiopia’s finance and economic institutions.
This afternoon’s Finance Forward Ethiopia conference, which brings together the nation’s key public finance and financial-sector institutions, provides an important platform to reflect on our ongoing economic reform journey and the priorities ahead. It is an opportunity to highlight the progress we are making in fiscal management, monetary and financial sector reform, revenue administration, capital market development, investment governance, and public enterprise reform, while underscoring the vital role of coordination and connectivity in sustaining reform momentum and advancing Ethiopia’s broader economic transformation agenda.
Ethiopia is actively expanding and upgrading its road network to improve connectivity, boost trade, and support economic growth. Current initiatives focus on constructing new highways, rural roads, and urban streets, as well as modernising existing routes to reduce travel times, improve safety, and lower transportation costs. These efforts enhance access to schools, health services, and markets, while supporting industrialisation, agriculture, and local businesses. By prioritising both construction and maintenance, Ethiopia is creating a more efficient, reliable, and sustainable road system that strengthens regional integration and improves the daily lives of communities across the country.
#PMOEthiopia
#VisionOfProsperity
#የኢትዮጵያብልጽግናራእይ