ETHIOPIA’S ECONOMIC RECORD $32.1 BILLION INCREASE IN FOREIGN REVENUE, SIGNALS INVESTOR CONFIDENCE BOOST

Ethiopia records $32.1 billion in foreign revenues for the 2024/25 fiscal year, reflecting the impact of sweeping economic reforms.

Ethiopia Foreign revenues Africa Economic integration Financial sector Investment.

Ethiopia has achieved a historic economic milestone, securing an unprecedented $32.1 billion in foreign revenues in the 2024/25 fiscal year, a sharp increase from the previous year’s $24.7 billion. The record-breaking figure, announced by the National Bank of Ethiopia (NBE), is being hailed as a turning point in the country’s macroeconomic transformation and global market re-entry.

The announcement coincided with the opening of the Ethiopian Finance Forum in Addis Ababa, where top government officials, business leaders, and economic experts gathered to evaluate progress and chart the course for inclusive financial reform.

Finance Minister Ahmed Shide and NBE Governor Mamo Mihretu, speaking at the high-level forum, credited Ethiopia’s bold reform agenda for restoring investor confidence, boosting foreign exchange inflows, and stabilizing the economic environment.

“We are seeing the dividends of fiscal discipline and significant structural transformations,” said Shide, noting that the government’s decision to halt direct borrowing from the central bank for the first time in history reflects a new era of economic prudence.

Mamo emphasized that while Ethiopia still faces hurdles such as inflation and forex scarcity, the recent reforms are beginning to bear fruit. “We are seeing the early signs of macroeconomic stabilization,” he said, citing a 50% drop in inflation and the operational launch of Foreign Exchange Bureaus as key indicators of progress.

The surge in foreign revenue is not only a sign of Ethiopia’s improving economic fundamentals but also a testament to its growing regional influence. Strategic investments in cross-border infrastructure, from energy to transportation and digital connectivity, are anchoring Ethiopia’s role as a regional trade and logistics hub.

Shide reaffirmed the government’s commitment to deepening regional economic integration and expanding private sector involvement. “We’re removing barriers and incentivizing private investment across key sectors from agriculture and manufacturing to tourism and mining,” he said.

Both officials called for continued dialogue among stakeholders to sustain momentum. “These platforms are vital for diagnosing the challenges within the financial sector and identifying collective solutions that will enhance private sector engagement,” Shide added.

With sweeping reforms underway and a renewed focus on inclusive growth, Ethiopia is positioning itself as a model of economic resilience and revival in the Horn of Africa.

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ETHIOPIA’S ECONOMIC RECORD $32.1 BILLION INCREASE IN FOREIGN REVENUE, SIGNALS INVESTOR CONFIDENCE BOOST

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