Ethiopia’s ambitious economic transformation continues to gain traction, with the United Kingdom reaffirming its strong support for the country’s reform agenda. 

This commitment was highlighted during UK Deputy Prime Minister Angela Rayner’s visit, where she rang the opening bell at the Ethiopian Securities Exchange (ESX), symbolizing the growing opportunities in Ethiopia’s financial sector.

Finance Minister Ahmed Shide emphasized that Ethiopia’s economic reforms have significantly enhanced the performance of public enterprises, making them more profitable and efficient. 

Companies such as Ethiopian Airlines, Commercial Bank of Ethiopia, Ethio Telecom, and Ethiopian Shipping Lines are now operating with greater success, he noted. The establishment of Ethiopian Investment Holdings has further strengthened corporate governance, ensuring these enterprises align with international best practices.

On the Ethiopia-UK partnership, Ahmed praised the UK’s commitment to development-focused cooperation, particularly in pro-poor initiatives. He acknowledged the UK’s critical support for Ethiopia’s economic reforms and expressed confidence in the deepening of bilateral ties.

Angela Rayner, in turn, applauded Ethiopia’s remarkable economic progress, calling ESX a testament to the country’s transformation. She highlighted the UK’s investment in key infrastructure projects, including clean energy, transportation, and airport development, as part of its commitment to improving living standards in Ethiopia.

“To improve the living standards of the people, we (the UK) are investing in critical infrastructure including clean energy, transport and airports." Angela said. 

Ethiopian Capital Market Authority Director-General Hana Tehelku also noted that Ethiopia’s capital market is advancing steadily, with strong regulatory frameworks and strategic collaborations driving sustainable growth. She stressed that transparency, inclusivity, and technological innovation will be key to unlocking the full potential of Ethiopia’s financial ecosystem.

"As we move forward, continued commitment to transparency, inclusivity and technological advancement will be crucial in unlocking the full potential of our financial ecosystem." She said.