Ethiopia positioned digital transformation, skills development, and macroeconomic reform as central drivers of economic competitiveness and investment-led growth.

This was asserted during the opening of the Elevate Africa 2026 forum opened in the Ethiopian capital on Tuesday, bringing global leaders together to explore opportunities in the digital services and outsourcing ecosystem.

The three-day continental forum, convened by CCI Global in collaboration with Ethiopian Investment Holdings and MMCY, gathers more than 150 participants including government officials, corporate executives, investors, and innovation leaders. Discussions are taking place at Minab Spa within Jubilee Palace in Addis Ababa.

Opening the forum, Eyob Tekalign, Governor of the National Bank of Ethiopia, framed Ethiopia’s structural reform agenda and digital transformation as pillars of macroeconomic stability and productivity enhancement.

He noted that the Homegrown Economic Reform Program (HGER) seeks to address structural challenges, strengthen private sector participation, and modernize economic institutions while improving productivity across strategic sectors. A core component of the reform is macroeconomic stabilization, including efforts to enhance fiscal discipline, improve foreign exchange management, and create an investment-friendly environment. (FMC)

The Ethio Djibouti Railway Corporation has reaffirmed its commitment to expanding Ethiopia’s railway infrastructure by strengthening domestic technical capacity and operational independence.

Chief Executive Officer of the Ethio-Djibouti Railway Corporation, Takele Uma, made the remarks as the corporation’s leadership and employees marked the 130th anniversary of the Victory of Adwa with a field visit to ongoing railway development sites.

The CEO called on the current generation to honor the legacy of past heroes through tangible development achievements.

Staff members toured the AMG–Indoode Link Railway Project, a key segment under construction by the corporation using its own engineers, technicians and operational teams.

The project stands as a clear demonstration of the institution’s growing ability to design, manage and execute complex railway works without external contractors

“Our forefathers built this nation through sacrifice. It is our responsibility to replicate their contribution by advancing development and strengthening national capacity,” he said. (ENA)

Commercial Bank of Ethiopia (CBE) will continue to bolster its comprehensive support for the manufacturing industry, bank’s president, Abe Sano said.

Senior officials from the National Manufacturing Industry Council recently conducted field visits to various production facilities in Sheger, Bishoftu, and Adama.

These visits were designed to provide a firsthand understanding of the bottlenecks facing the sector and to facilitate swift solutions through the Council’s mandate.

Abe, who serves as a member of the Council, informed ENA that the bank remains committed to deepening its assistance. (ENA)

Ethiopia plans to seek more than USD 2.4 billion in new investment commitments during the Fourth “Invest in Ethiopia 2026” Forum, scheduled for March 26 – 27, 2026, in Addis Ababa.

The forum will take place at the Skylight Hotel under the theme “Ethiopia is Ready for Investment.” It is being organized by the Ethiopian Investment Commission in collaboration with the Ministry of Finance and international development partners. Organizers said the event is intended to support Ethiopia’s efforts to expand foreign direct investment inflows and strengthen engagement with global investors.

Officials said Ethiopia currently ranks second in Africa in foreign direct investment inflows and described the forum as a platform to attract large investors and finalize investment agreements. More than 800 international investors, business leaders, and policymakers are expected to attend.

Organizers also referenced outcomes from last year’s third edition, which brought together 750 participants from 58 countries and led to investment agreements worth more than USD 1.6 billion with five companies in the mining and solar energy sectors. Officials said those projects have since moved into operations, with some exporting to international markets. (FMC)