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Ethiopia
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for the 03 Nov - 09 Nov
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Ethiopia’s Coffee and Tea Authority said the country’s rising coffee production and productivity stem from integrated reforms, modern technology, and improved farming practices. Coffee output grew from 4.5 million to 11.5 million quintals, generating $2.5 billion in exports last fiscal year. Officials credited quality enhancements, marketing reforms, and climate-resilient varieties. The National Coffee Association is also strengthening farmer support systems to sustain growth in Ethiopia’s leading export sector.
Ethiopia’s Ministry of Industry said the nation’s strong economic performance is creating major opportunities for manufacturing expansion. State Minister Tarekegn Bululta noted the sector’s growth has exceeded double digits, driven by reforms under the Homegrown Macroeconomic Reform Agenda. Companies such as Boom Manufacturing and HK Business Group cited import substitution gains and rising competitiveness. The government’s continued focus on industrialization aims to sustain double-digit national growth and strengthen domestic production.
Ethiopian Airlines received its 21st Airbus A350-900, advancing its fleet modernization and sustainability goals. The new aircraft, registered ET-BCE, features next-generation aerodynamics, carbon-fiber design, and fuel-efficient engines that reduce emissions. Its “Airspace” cabin offers wider seats, larger windows, and advanced in-flight entertainment for enhanced passenger comfort. The A350 is also compatible with Sustainable Aviation Fuel, reinforcing Ethiopian Airlines’ commitment to efficiency and environmentally responsible operations across its global routes.
The Ethiopian Embassy in France announced that the Ethiopia–EU Investment Forum, set for Nov. 3 in Paris, will strengthen partnerships and promote sustainable growth. Organized by MEDEF International with the European Commission, the forum will spotlight opportunities in energy, infrastructure, transport, logistics, and digital sectors. Ethiopian officials, including Ministers Gedeon Timotheos and Ahmed Shide, emphasized reform-driven openness and collaboration under the EU’s Global Gateway initiative to deepen trade and attract private investment.
Ethiopia is in talks with creditors to convert commercial loans into concessional debt to reduce repayment pressure, Prime Minister Abiy Ahmed told parliament. He said the country’s external debt now stands at under $23 billion, with new commercial borrowing halted. The government’s debt strategy focuses on restructuring through the G-20 Common Framework, having already restructured about $4.5 billion under ongoing macroeconomic reforms.
Romania reaffirmed its commitment to invest in Ethiopia as economic reforms create a new business climate. Ambassador Lulia Pataki highlighted Romania’s interest in deepening cooperation in investment, digital transformation, and education. Ethiopia’s “Homegrown Economic Reform” and “Digital Ethiopia 2025” strategies have improved private sector participation and digital inclusion. Pataki emphasized Romania’s readiness to expand its long-standing diplomatic and educational ties with Ethiopia.