@MoFAEthiopia – Ethiopian Business Review

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Ethiopian Airlines, Africa’s largest and most profitable carrier, has officially commenced passenger flights to Hyderabad, India, marking its fifth destination in the country.

The inaugural flight ceremony, was attended by Ethiopian Airlines Group CEO Mesfin Tasew, Indian Ambassador to Ethiopia Shri Anil Kumar Rai, and other high-ranking officials from both nations.

Speaking at the event, the group CEO emphasized that the new route enhances connectivity not only between Ethiopia and India but also provides broader access to the African continent through Ethiopian’s extensive network of over 140 international destinations.

Ambassador Rai underscored the strategic importance of Hyderabad, calling it a “key commercial and innovation hub in India,” and welcomed the direct air link as a catalyst for deeper bilateral engagement across sectors.

The new route strengthens Ethiopian Airlines’ presence in the Indian subcontinent, joining its existing services to New Delhi, Mumbai, Bengaluru, and Chennai.

Hyderabad, the capital of India’s Telangana state, is a major economic and cultural hub known for its thriving information technology, biotechnology, and pharmaceutical industries. Often called “Cyberabad,” the city hosts global tech giants like Microsoft, Google, and Amazon, and is home to Genome Valley, a leading biotech cluster. Its Rajiv Gandhi International Airport is among the top-ranked in Asia, serving as a strategic gateway to southern India. With a rich historical legacy and a growing reputation in medical tourism and education, Hyderabad plays a pivotal role in connecting India to global markets—making it a valuable addition to Ethiopian Airlines’ expanding network.

This development comes just two weeks after the airline launched its new route to Sharjah in the United Arab Emirates, now its second destination in the UAE after Dubai. The move underscores Ethiopian’s strategic commitment to route diversification and global network growth, aligned with its Vision 2035 strategy.

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Ethiopia has recorded a significant drop in inflation—from 30% to 13%, since adopting a market-based foreign exchange regime for the first time in five decades. The milestone was revealed during the 2025 IMF–World Bank Spring Meetings, where National Bank of Ethiopia (NBE) Governor Mamo Mihretu discussed the government’s sweeping macroeconomic reforms with IMF African Department Director Abebe Aemro Selassie.

The reform package, part of Ethiopia’s Homegrown Economic Reform Program—includes a transition to interest rate-based monetary policy, the cessation of central bank financing of the government, and the introduction of open market operations. According to Mamo, these changes are already bearing fruit.

“We’ve prioritized price stability, strengthened policy transparency, and tripled our foreign currency reserves,” he noted. “For the first time in 50 years, Ethiopia is operating under a market-based forex system.”

The shift comes amid broader efforts to unlock private sector growth, expand access to credit, and enhance the competitiveness of Ethiopian exports. Backed by a $3.4 billion IMF credit facility, the government is also tackling debt vulnerabilities and reforming state-owned enterprises to create a more sustainable and investment-friendly economy.

Analysts suggest the reforms could mark a turning point for Ethiopia’s economic trajectory—positioning it as a more attractive destination for both local and foreign investors.

“Our goal is a stable, job-creating economy anchored in market discipline and inclusive growth,” Mamo emphasized.

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Ethiopia has recorded its highest-ever coffee export revenue, with the sector generating USD 1.868 billion over the past ten months of the current fiscal year — a historic milestone for the nation’s most iconic export.

The Ethiopian Coffee and Tea Authority announced today that 354,302 tonnes of coffee were exported during the period, exceeding the national target by 147% in volume and 142% in revenue. This performance surpasses all previous annual records in the country’s export history.

According to Dr Adugna Debela, Director General of the Authority, the figures represent an increase of 70% in volume and 87% in revenue compared to the same period last fiscal year. The sector exported 145,316.3 more tonnes, generating an additional USD 869.13 million, reflecting both growing global demand and Ethiopia’s enhanced export capacity.

Dr Adugna highlighted that Germany, Saudi Arabia, and the United States ranked as the top three destinations for Ethiopian coffee exports during the reporting period. Germany imported 61,239 tonnes, contributing USD 295 million (17% of total revenue), followed closely by Saudi Arabia with 60,182 tonnes valued at USD 290.7 million (20%), and the United States with 28,299 tonnes accounting for USD 192 million (10%).

“This outstanding achievement is the result of a well-coordinated national effort,” said Dr Adugna. “From farmers and cooperatives to exporters, regional authorities, and federal institutions — all stakeholders played a vital role. We are deeply grateful for their commitment and determination.”

He further expressed optimism that the final two months of the fiscal year will build upon this momentum, reinforcing Ethiopia’s status as a world leader in premium coffee production.

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South Africa has expressed its intent to forge a stronger tourism partnership with Ethiopia, leveraging Ethiopia’s recent entry into the BRICS alliance to unlock fresh opportunities for bilateral cooperation. In an interview with the Ethiopian News Agency (ENA), South Africa’s Ambassador to Ethiopia, Nonceba Losi, highlighted her country’s commitment to deepen ties—particularly in tourism, a sector she described as ripe for joint growth under BRICS.

“Ethiopia’s entry into BRICS opens a new chapter for collaboration,” Ambassador Losi stated. “We want to ensure that BRICS nations work closely, not just on policy, but also by visiting and investing in each other’s tourism offerings.”

Losi revealed that the South African Embassy in Addis Ababa is already working on concrete proposals and programs to stimulate tourism exchange, including attracting more South African visitors to Ethiopia and vice versa. This comes as part of a broader strategy to tap into the massive market potential within BRICS—home to over 40% of the world’s population.

Beyond tourism, the Ambassador pointed to technical cooperation opportunities. She noted that South Africa’s experienced wildlife rangers could assist Ethiopia in conservation efforts, sharing expertise to better protect the country’s rich natural heritage.

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Ethiopia has been selected by the International Atomic Energy Agency (IAEA) to host a bachelor’s degree program in nuclear science and technology for African member states.

The announcement was made by Ethiopia’s Ministry of Innovation and Technology, which revealed that a strategic agreement has been signed between the IAEA, the Government of China, Tsinghua University, and Addis Ababa Science and Technology University (AASTU) to establish the continent’s first IAEA-backed undergraduate program in nuclear engineering based in Ethiopia.

The initiative is designed to build long-term capacity in nuclear science across the African continent—particularly in sectors such as health, agriculture, mining, environmental management, manufacturing, and energy. The program will also serve Ethiopia’s domestic needs by nurturing a new generation of nuclear engineers and technical experts.

Minister of Innovation and Technology, Dr. Belete Molla, described the agreement as a turning point in Ethiopia’s scientific advancement. “Ethiopia is emerging as a gateway to science and technology in Africa,” he said. “By hosting this program, we are not only accelerating our own development but offering access to a critical knowledge frontier for our African partners.”

He noted that Ethiopia’s selection followed an extensive negotiation process, during which its institutional readiness and regional relevance were emphasized. The program will support the country’s broader economic goals by integrating peaceful nuclear technology applications into national development strategies.

As part of the agreement, up to ten Ethiopian professionals will undergo a six-month specialized training at Tsinghua University in China—one of the world’s leading institutions in nuclear science. Upon their return, they will support the delivery of the degree program in collaboration with experts from China and the IAEA.

IAEA Deputy Director General for Technical Cooperation, Hua Liu, expressed confidence in Ethiopia’s capacity to lead the initiative. He emphasized the program’s broader economic implications, noting that the IAEA and the Chinese government will provide laboratory infrastructure and other essential resources to support implementation.

Africa’s Largest Carrier Expands Indian Reach with New Hyderabad Route

Ethiopia’s Inflation Falls 17 Points to 13% After Adopting Market-Based Forex System

Ethiopia Breaks Coffee Export Record, Earning USD 1.87 Billion

South Africa Eyes Tourism Alliance with Ethiopia Under BRICS Framework

Ethiopia to Launch Africa-Focused Nuclear Engineering Degree Program with IAEA Backing