The Ethiopia Securities Exchange (ESX) has announced that Ethiopia’s interbank money market (IMM) has surpassed ETB 500 billion in total transaction volume within just six months of operation, marking a significant milestone in the country’s financial sector.

Launched in October 2024 by the National Bank of Ethiopia (NBE), the IMM was established to facilitate short-term borrowing and lending among banks, enhancing liquidity management and improving financial market efficiency. Governed by the Interbank Money Market Rules, the platform has rapidly gained traction, reflecting growing investor confidence and increasing market activity.

The milestone underscores the evolving landscape of Ethiopia’s banking sector, where structured platforms like the IMM are strengthening market transparency and fostering economic stability. As momentum builds, this achievement highlights the potential for further financial sector reforms, deeper investor participation, and a more resilient financial ecosystem in Ethiopia.



Ethiopia’s livestock and fisheries sector has made remarkable strides in recent years, with the National Livestock Development Program driving significant improvements. Among the most notable achievements, the country’s egg production has surged from 3.2 billion to 9.1 billion in just four years, demonstrating the effectiveness of targeted agricultural policies, as reported by Ministry of Agriculture.

The program, officially launched on November 03, 2022, by Prime Minister Abiy Ahmed (PhD) in Arba Minch, aims to ensure food security, enhance domestic livestock production, reduce imports, and boost foreign exchange earnings. Minister of Agriculture Girma Amente (PhD) highlighted these achievements during the inauguration of the National Multi-Purpose Dairy Development Training Center in Holeta, a facility backed by the World Bank to train 20,000 dairy technicians and expand farmer support services.

The rapid increase in egg production is part of broader sectoral growth. Cow milk production has risen from 5.8 billion to 10.3 billion liters, chicken meat production has expanded from 90,000 to 240,000 tons, and honey output has nearly doubled to 296,000 tons. The success of these initiatives has prompted a reassessment of future targets to sustain momentum.

A major driver behind this growth is Ethiopia’s expanding artificial insemination capacity, which has jumped from 500,000 to 3 million procedures in just two years, resulting in 1.7 million improved calves born in the last eight months alone. Additionally, eight new Liquid Nitrogen Centers are being established to ensure a stable supply for breeding programs.

The poultry sector has also seen significant advancements. Initially, Ethiopia distributed only 26 million one-day-old chicks annually. Following government intervention, this figure rose to 41 million, and with the establishment of the Grand Parent Stock Center by MIDROC Investment Group and the Ministry of Agriculture, the country now has the capacity to produce 100 million chicks per year. So far, 85 million chicks have been distributed in the past eight months, with plans to reach 150 million by year-end.

Other key developments include the introduction of 1,994 modern beehives and a shift toward fish farming in artificial ponds. Previously reliant on lakes and rivers, farmers now raise fish in controlled environments, with 7.6 million fish fingerlings distributed in just eight months.

The Ministry of Agriculture is prioritizing knowledge-driven development to sustain these gains. The Holeta-based training center will not only equip technicians but also empower model farmers and pastoralists, ensuring long-term growth in the sector. Research institutions and animal development centers are also being urged to collaborate with local communities to maximize impact.



 

Ethiopia’s Ministry of Innovation and Technology is under intense scrutiny after a parliamentary committee uncovered a budget deficit exceeding half a billion birr (USD 9 million), alongside allegations of financial mismanagement and procedural violations.

The House of People’s Representatives’ Standing Committee on Public Expenditure Management and Control Affairs flagged multiple irregularities, including the misuse of public funds, failure to conduct pre-feasibility studies for key projects, and unauthorized budget reallocations. According to Chairperson Yeshimebet Demise (PhD), several government-funded and donor-financed initiatives were launched without proper consultation, leading to significant inefficiencies and unclear project statuses.

The audit findings revealed that multiple projects suffered from delayed execution and financial mismanagement, with some being terminated prematurely and their budgets reassigned without legal oversight. The committee has instructed the ministry to provide a detailed report on unauthorized expenditures—including transportation rentals, data center construction, and inflated employee salaries—within 15 days.

Concerns were also raised over the ministry’s human resource management, with recruitment processes failing to align with legal frameworks. Officials stressed the urgent need for systematic hiring reforms and the recovery of high-value government assets still unreturned by former employees.

Federal Auditor General Meseret Damte criticized the ministry for its failure to take corrective measures, stating that funds were allocated to projects that remain incomplete. The audit further exposed weaknesses in human resource and asset management, along with payments made outside legal provisions. The Federal Anti-Corruption Commission has been called upon to enforce accountability measures and oversee financial discipline within the institution.

Responding to the scrutiny, Minister of Innovation and Technology Belete Molla (PhD) admitted that audit deficiencies had occurred due to the complex nature of the ministry’s operations. He pledged to implement an action plan to address the financial and operational gaps, with updates to be presented to the standing committee.

He also highlighted that the ministry is engaged in numerous projects under the Digital Ethiopia 2025 initiative, in collaboration with the World Bank and other international partners. The minister assured that steps would be taken to rectify the shortcomings and enhance transparency in project execution.



 

Despite Ethiopia’s ongoing macroeconomic reforms, fixed-income earners continue to feel the pressure of rising living costs. Dr. Eyob Tekalign, State Minister of Finance, acknowledged that while certain segments of society are benefiting from increased earnings, those with stable salaries still struggle with inflation.

Speaking at a public forum organized by the Prime Minister’s Office, Dr. Eyob explained that the reforms are aimed at stabilizing the economy, particularly by narrowing the gap between the official and black market exchange rates. He highlighted the government’s efforts to ease inflationary pressures, including allocating 70 billion birr to fuel subsidies and refraining from imposing additional taxes.

He also noted that structural adjustments in production and supply have contributed to stabilizing prices, but further improvements are still needed. To fully address the challenges, he emphasized the importance of continued collaboration between the government and the public.



 

The Ethiopian Investment Board has convened at the Ethiopian Investment Commission (EIC) headquarters today, reviewing ongoing initiatives and making key investment-related decisions.

Among the critical agendas discussed was a proposal from a private investor seeking approval to establish a multi-sector special economic zone with an initial capital investment exceeding $78 million. Following extensive deliberations, the board approved the request and officially designated the project as a multi-sector special economic zone, paving the way for immediate implementation.

In addition to this decision, the board also addressed matters related to the zone’s design, land allocation, and usage, reinforcing its commitment to streamlining investment procedures.

According to the Ethiopian Investment Commission, the board remains dedicated to fostering a competitive and investor-friendly business environment and will continue strengthening its support to the Commission.



 

Ethiopian Airlines, the Ministry of Tourism, and the Immigration and Citizenship Service have signed a landmark agreement aimed at revitalizing Ethiopia’s tourism sector by capitalizing on the country’s strategic position as a global transit hub.

The agreement, signed by Minister of Tourism Selamawit Kassa, Immigration and Citizenship Service Director General Selamawit Dawit, and Ethiopian Airlines Group CEO Mesfin Tassew, sets the stage for a coordinated effort to expand and develop the economic potential of Ethiopian tourism.

A key focus of the partnership is stopover tourism, leveraging Addis Ababa’s status as a major connecting hub to encourage international travelers to explore Ethiopia’s rich cultural and historical attractions during layovers. Ethiopian Airlines CEO Mesfin Tassew emphasized that the initiative will be instrumental in attracting more visitors to the country, reinforcing its reputation as a premier African destination.

Minister of Tourism Selamawit Kassa echoed this sentiment, stressing the economic importance of unlocking Addis Ababa’s tourism potential. “Addis Ababa is not just a transit point, but also a destination. If we can attract even a fraction of the travelers passing through Bole International Airport, we can generate significant foreign exchange earnings and create additional job opportunities,” she stated in a social media post.

The initiative will also introduce a specially designed stopover package, making it easier for transit passengers to experience Addis Ababa’s vibrant culture, heritage, and hospitality. “It is important to establish a coherent framework between key institutions so that our country can benefit from the potential of stopover tourism to the desired extent,” Minister Selamawit added.

The collaboration marks a strategic move to transform Ethiopia’s tourism industry into a key driver of economic growth, aligning with broader national efforts to position the country as a global tourism powerhouse.




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