Addis Ababa, February 22, 2025 (ENA)—Minister of Planning and Development, Fitsum Assefa underscored the essential role of private sector partnerships in fostering a climate-resilient economy in Ethiopia. At a consultation forum held yesterday, Minister Fitsum further emphasized the critical contribution of the private sector in addressing climate-induced impacts and promoting green development. The Minister outlined Ethiopia’s commitment to building a climate-resilient green economy, noting that the Ten-Year Master Development Plan serves as a key framework. She highlighted that various climate strategies are embedded in the country’s sectoral development plans and programs. Ethiopia has ratified the Paris Agreement and formulated a climate change response plan that outlines actions through 2050. The plan aims to reduce greenhouse gas emissions by 68.8 percent by 2030. However, the minister acknowledged that private sector engagement has been limited due to a lack of supportive enabling environments in the past. "To address this, my ministry has created a working group focused on improving coordination and strengthening partnerships. Our ongoing efforts are centered on climate finance to maximize national benefits," she explained. Global Green Growth Institute (GGGI) Country Representative to Ethiopia, Okechukwu Daniel Ogbonnaya commended the Ethiopian government's progress in mitigating the impacts of climate change. He called for stronger collaboration between the government, private sector, and international institutions to implement climate-resilient projects. He also pledged to further extend support for Ethiopia’s climate initiatives. Secretary General of the Ethiopian Chamber of Commerce and Industry, Kenenisa Lemi reiterated the government’s commitment to helping the private sector align with climate change mitigation efforts. He emphasized the importance of investments that promote both economic growth and environmental sustainability. The secretory general also highlighted the crucial role of climate finance in the country’s climate action endeavors to meet its goals. Deputy Director General of Mekobu Enterprise, Sabile Mekonnen, an agricultural technology provider, and the Manager of Abra Amba Technology, a solar technology provider, both emphasized the importance of stakeholder coordination in addressing climate change. They highlighted the role of the workshop in fostering collaborative efforts with the ministry to tackle climate change effectively.

Addis Ababa, February 5, 2025 (ENA) - Ministry of Planning and Development has confirmed that the National Carbon Market Strategy (NCMS) would position Ethiopia for achieving long-term low-emission energy development goals. International and local stakeholders held a consultation meeting that aimed to provide an update on the strategy’s progress, presenting a zero draft of the NCMS, which outlines its objectives, scope, and significance for relevant sectors and stakeholders. Speaking at a meeting on the development of Ethiopia’s NCMS, State Minister of Planning and Development Seyoum Mekonen highlighted that the strategy will position the country to meet its goals. The State Minister emphasized that NCMS would play a pivotal role in enabling Ethiopia to meet its long-term low-emission energy development targets. He noted that the strategy is designed to guide Ethiopia's effective participation in both international and domestic carbon markets, in line with Article 6 of the Paris Agreement. It will build upon existing initiatives, including the Green Legacy Initiative, the Nationally Determined Contributions, the 10-Year Program for Development, and the Climate-Resilient Green Economy Strategy. It will also align with sectoral policies such as those for non-motorized transport, electrification programs, biogas, clean cooking, and irrigation. Furthermore, the strategy will draw on Ethiopia’s experience with carbon market mechanisms, including the Clean Development Mechanism, voluntary carbon market programs, and bilateral cooperation under the Joint Crediting Mechanism. According to the state minister, these combined efforts will position Ethiopia to achieve its Long-Term Low-Emission Development Strategy targets. The meeting also aimed to raise awareness and foster understanding among participants about the opportunities and challenges of participating in global carbon markets and focus was placed on Article 6 mechanisms of the Paris Agreement and their potential benefits for Ethiopia. The session further emphasized the need for collaboration among key stakeholders, led by the Ministry of Planning and Development, in partnership with other relevant ministries and experts, to ensure a broad and inclusive approach to the strategy’s development. Urban Benywanira, an expert on Article 6 and carbon pricing from the United Nations Framework Convention on Climate Change Regional Collaboration Centre for East and Southern Africa, on his part praised Ethiopia's efforts in developing the NCMS. He described the initiative as timely and a positive step forward. Benywanira expressed hope that once the strategy is finalized and adopted, Ethiopia will be able to guide entities wishing to participate in Article 6 mechanisms, with a particular focus on institutional arrangements. Stephan Noch, Managing Director of Perspectives Climate Group, also shared insights during the consultation.   His firm, which specializes in international climate policy and finance, has been working in Ethiopia for 15 years, helping to define the country's national targets for the Paris Agreement and mobilizing finance for solar water pumping projects. Noch also highlighted that Perspectives Climate Group is supporting the Ministry of Planning and Development in structuring the national carbon market, with support from the UN Climate Secretariat.

Addis Ababa, January 25, 2025 (ENA)—Africa is set to lead in global green hydrogen development with 41 projects expected to enter development over the next five years. According to a new report published by the Energy Industries Council (EIC), Africa is set to become a key player in the global green hydrogen market. However, the EIC, the world-leading trade association and purveyor of data, insights, and events, warns that despite its promise, the hydrogen sector in Africa faces serious challenges. The bottlenecks in this sphere include securing offtake agreements, establishing regulatory frameworks, and building robust infrastructure. The Africa OPEX Report 2025 reveals that North African countries are leading the efforts, with their abundance of year-round sunshine providing ample opportunities for investments in green hydrogen production and export infrastructure. The report – written by Aqilah Shahruddin, an EIC analyst for operational assets and decommissioning – provides a comprehensive analysis of Africa’s energy sector, covering renewable energy projects, carbon capture, energy storage, and traditional energy sectors such as oil, gas, and thermal power. Africa offers fertile ground for scaling the production of green hydrogen, produced using renewable energy sources like solar and wind, as it continues to leverage its abundant resources and low production costs. According to the report, 41 hydrogen projects are expected to enter development between now and 2030. Sub-Saharan Africa is also developing green hydrogen capabilities, with countries like Namibia leading with large-scale projects. Despite the massive potential, the report identifies several challenges that need to be addressed to fully realize Africa’s green hydrogen ambitions, including the need for major infrastructure investments — such as pipelines, ports, and export facilities — and the development of clear policy frameworks and regulatory support to attract investments. The upfront costs of green hydrogen projects call for international cooperation and financing initiatives, the report said. Europe’s REPowerEU Plan, designed to reduce the continent’s dependence on Russian gas and which aims to import 10 million tonnes of green hydrogen every year from Africa, is a sign that efforts are already in place. However, the report notes that more targeted funding and collaboration will be key to scaling up hydrogen production in Africa. Rebecca Groundwater, EIC’s Head of External Affairs, emphasizes the importance of global market exploration for supply chain companies, including Africa. She highlights the need for supportive regulatory and financing conditions to unlock Africa’s hydrogen and cleantech potential, advocating for international collaboration to address limited capital and open new financing channels. The green hydrogen sector is closely tied to Africa’s broader renewable energy growth. The report notes that 61.1 GW of renewable energy capacity is currently operational across the continent, with significant investments in solar and wind projects. South Africa leads in solar capacity, with 59 operational solar farms, it was indicated. But the report says that Africa will need to invest in power storage in tandem with production. Africa’s energy storage capacity has grown from 180 MW in 1979 to 4.2 GW in 2023, with South Africa contributing 3.6 GW. The sector, however, faces significant challenges due to a lack of clear regulations.

Addis Ababa, January 22, 2025 (ENA)— IGAD Deputy Executive Secretary Mohamed Abdi Ware, remarked at the official release of ICPAC’s seasonal climate forecast for March to May (MAM) 2025, that accurate climate information is extremely important in decision-making. The Intergovernmental Authority on Development (IGAD) Climate Prediction and Applications Centre (ICPAC) has officially released the seasonal climate forecast for March to May (MAM) 2025 on Tuseday, predicting below-normal rainfall across much of the Greater Horn of Africa. The forecast was unveiled at the 69th Greater Horn of Africa Climate Outlook Forum (GHACOF69), held in Addis Ababa, Ethiopia, highlighting the urgent need for anticipatory action and planning by policymakers and local communities. The March to May season is a crucial period for the equatorial regions of the Greater Horn of Africa, contributing up to 60 percent of annual rainfall in many areas. However, the latest forecast indicates a high likelihood of below-average rainfall in Somalia, eastern and northern Kenya, southern and northeastern Ethiopia, Djibouti, coastal Eritrea, western South Sudan, southern and western Uganda, Rwanda, Burundi, and northwestern Tanzania. Wetter-than-normal conditions are expected in parts of Tanzania, eastern Uganda, and western Ethiopia. IGAD Deputy Executive Secretary Mohamed Abdi Ware stressed the importance of accurate climate information in decision-making. "It is essential to provide timely and actionable information to policymakers, enabling them to make anticipatory decisions that will have a meaningful impact on people's lives in the face of climate uncertainty," he said. Dr. Abdi Fidar, Officer-in-Charge at ICPAC, emphasized the need for effective communication, particularly with farmers and pastoral communities. "This information must be disseminated widely, especially to subsistence farmers and pastoralists, so they can make informed decisions about their livelihoods." Fetene Teshome, Director General of the Ethiopian Meteorological Institute (EMI), underscored the role of GHACOF in bringing together climate scientists and user communities to assess past trends and future predictions. "GHACOF 69 provides a platform for climate experts and stakeholders from key sectors to collaborate on climate risk management," he said. The seasonal outlook also suggests that temperatures will likely be warmer than normal across much of the region, with the highest probabilities in Sudan, Ethiopia, Eritrea, Djibouti, and northern Somalia. These elevated temperatures, combined with below-normal rainfall, are expected to have significant impacts on agriculture, water resources, and public health. Stakeholders are urged to take proactive measures to mitigate the potential impacts of the anticipated drought conditions, particularly for vulnerable populations such as women, children, the elderly, and persons with disabilities. Dr. Fidar reiterated the importance of regional cooperation, stating that platforms like GHACOF are vital for building a shared understanding of climate risks and fostering collective action. In closing, Mohamed Abdi Ware highlighted the need for holistic approaches to address the interconnected challenges of climate change and conflict. "Collaboration is key to ensuring a resilient and sustainable future for all," he emphasized. The GHACOF69 forum, held from January 20-21, 2025, brought together national meteorological and hydrological services, development partners, and stakeholders to discuss strategies for enhancing climate resilience in the region.

Addis Ababa, January 20, 2025 (ENA) ---- The IGAD Climate Prediction and Applications Centre (ICPAC) has released its seasonal climate forecast for March to May (MAM) 2025, indicating that most parts of the Greater Horn of Africa are likely to experience below-normal rainfall. The forecast is particularly significant as the MAM season contributes up to 60 percent of the annual rainfall in many areas of the region, making it a crucial period for agricultural and water resources. According to ICPAC, much of Somalia, eastern and northern Kenya, southern and north-eastern Ethiopia, Djibouti, coastal Eritrea, western South Sudan, southern and western Uganda, Rwanda, Burundi, and north-western Tanzania are expected to receive below-average rainfall. Additionally, the cross-border areas of Ethiopia-Kenya-Somalia, north-eastern Ethiopia, southern Eritrea, and parts of south-western South Sudan have an enhanced likelihood of below-normal conditions. While the majority of the region is expected to experience dry conditions, wetter-than-normal conditions are anticipated in most parts of Tanzania, eastern Uganda, eastern South Sudan, and western Ethiopia. Furthermore, there is a high probability that seasonal rainfall will exceed 200 mm in south-western Ethiopia, western Kenya, Uganda, Rwanda, Burundi, and Tanzania. In terms of temperature, the forecast suggests a higher likelihood of warmer-than-normal conditions across most parts of the Greater Horn of Africa, with Sudan, Ethiopia, Eritrea, Djibouti, northern Somalia, and northern Kenya facing the highest probabilities of experiencing elevated temperatures. The onset of rainfall is expected to be early to normal in most parts of the region, except for localized areas in central Kenya, southern Ethiopia, and central Somalia, where a delayed start is likely. The projected climatic conditions are likely to have significant socio-economic impacts, particularly on vulnerable populations, with women, children, older persons, and persons with disabilities expected to be the most affected. ICPAC has called upon governments and stakeholders to take proactive measures to mitigate the anticipated adverse effects and ensure that the most at-risk communities are adequately supported. Dr. Abdi Fidar, the Officer-in-Charge at ICPAC, noted that “As the IGAD region faces increasing climate variability and extremes—droughts, floods, and rising temperatures—platforms like GHACOFs are essential for building a shared understanding of risks and fostering collaboration to mitigate their impacts.” “The theme of this forum, Climate Services for Closing the Early Warning Gap Together, underscores the critical role of actionable, timely, and accurate climate information in bridging gaps in preparedness and response,” he added.

Addis Ababa, January 20, 2025 (ENA) ---- Officer in Charge of IGAD’s Climate Prediction and Applications Centre (ICPAC) Dr. Abdi Fidar, has stressed the importance of integrating climate services into national policies and sectoral strategies such as agriculture, water, energy, health, and disaster risk reduction. Speaking at the opening of the 69th Greater Horn of Africa Climate Outlook Forum (GHACOF 69), Dr. Abdi Fidar, highlighted the region's vulnerability to climate change, referencing recent extreme weather events such as cyclones, heatwaves, and desert locust invasions.   He has emphasized the importance of early warning information, such as seasonal forecasts, for regional planning and decision-making. He stressed the importance of integrating climate services into national policies and sectoral strategies such as agriculture, water, energy, health, and disaster risk reduction. He noted IGAD's pivotal role in coordinating climate adaptation actions across borders and emphasized the importance of integrating climate services into national policies and regional frameworks. The meeting organized by ICPAC in collaboration with partners, this crucial forum serves as a platform for regional climate analysis and early warning dissemination. GHACOF 69 brings together a diverse group of stakeholders, including climate scientists, policymakers, development partners, and representatives from various sectors, to assess past climate conditions, discuss the anticipated climate outlook for the upcoming season, and develop strategies to enhance climate resilience across the Greater Horn of Africa region. Ethiopia is ramping up efforts to enhance climate services to address the growing challenges posed by climate variability and climate change, Ethiopian Meteorological Institute (EMI), Director General, Fetene Teshome said. He emphasized the importance of reliable climate information to minimize risks and optimize opportunities for various economic sectors. Fetene highlighted the Ethiopian government's commitment to strengthening EMI by expanding outreach, enhancing capacity, and investing in state-of-the-art meteorological technology. "The Government of Ethiopia is dedicated to equipping EMI with modern meteorological systems, capacitating national and regional staff, and fostering collaboration with international partners such as ICPAC to minimize climate risks," he stated.   Representing the Minister of Water and Energy, Motuma Mekassa said IGAD's work in coming up with initiatives geared towards mitigating and combating the effects of climate change is essential in making steps towards ensuring sustainable development and safeguarding livelihoods in this region. He reiterated Ethiopia's appreciation for hosting the forum, emphasizing the critical role of climate services in national planning and sustainable development. "Ethiopia also recognizes the critical role of accurate climate forecasting in enhancing preparedness and decision making," Motuma stated. He also commended IGAD's contributions to climate resilience and called for sustained investment in climate services. ''These partnerships aid in strengthening the dissemination of timely, accurate climate information that benefits communities, governments, and different sectors''

Addis Ababa January 20/2025 (ENA)—The 69th Greater Horn of Africa Climate Outlook Forum (GHACOF 69), under the theme: "Climate Services for Closing the Early Warning Gap Together," is underway in Addis Ababa. A two-day forum has brought together high-level government officials from the IGAD member states, climate scientists, researchers, users from key socio-economic sectors, governmental and non-governmental organizations, development partners, decision-makers, media, and civil society stakeholders. The IGAD Climate Prediction and Applications Centre (ICPAC), in collaboration with its partners, is organizing this forum for the March to May (MAM) 2025 season. The Greater Horn of Africa Climate Outlook Forum is organized three times a year jointly by the IGAD Climate Prediction and Applications Centre and National Meteorological and Hydrological Services (NMHSs) in Eastern Africa. The forum has become an important event to the IGAD region to provide seasonal climate information to different stakeholders/sectors over the region for informed decision-making processes. Accordingly, today’s forum is aimed at reflect on the performance and impacts of the October to December (OND) 2024 season and presenting a consolidated objective regional climate outlook for the MAM 2025 season. GHACOF 69 is alo anticipated to provide a platform for interaction among decision-makers, climate scientists, and users of climate information.

Addis Ababa, January 17, 2025 (ENA) — The United Nations Development Program (UNDP) has praised Ethiopia’s extraordinary achievements in its green journey which is a testament to the resilience and commitment of the nation. The annual development conference themed “Ethiopia’s Green Journey to 2030” was held in Addis Ababa today. Addressing the conference, UNDP Resident Representative Samuel Doe praised the remarkable strides Ethiopia has made in its pursuit of sustainable development. Ethiopia, though a negligible contributor to greenhouse gas emissions, has emerged as unmatched leader in the global response to this existential threat and strong advocate for Africa’s green journey as demonstrated at the recent COP summits. “In just five years, we have witnessed extraordinary achievements in Ethiopia’s green journey. The ambitious Green Legacy Initiative which has already planted 40 billion tree seedlings, driven by the collective efforts of 20 million people from all walks of life,” he said. Such remarkable achievements stand as a testament to the resilience and commitment of the Ethiopian people to our shared problem, he affirmed. For the Resident Representative, Ethiopia has also made significant strides in implementing its National Determined Contributions (NDCs), showcasing its commitment to the Paris Agreement and its dedication to a sustainable future. The country is endowed with vast resources for green energy including solar, wind, hydro, geothermal, he said, adding it is paving the way for green energy with its vast sources.   This potential accelerates Ethiopia’s goal of achieving universal access to green and affordable energy by 2030 and to regional integration and peace, he further disclosed. Stating that the country is already exporting green energy to its neighbors, he said sharing this critical economic resource with neighbors can be a binding force for peace in the Horn of Africa region. “Ethiopia has accomplished what few countries have achieved in addressing the existential threat posed by climate change. It deserves to be fully rewarded for its commitment and innovation,” he added. Despite Ethiopia’s notable strides, the country remains one of the most impacted nations by climate change impacts. Doe urged all members of the diplomatic community to advocate for Ethiopia’s access to climate finance for it to continue its vital work in combating climate change.   Opening the conference, State Minister of Planning and Development Bereket Fesehatsion noted that the government and people of Ethiopia are deeply committed to a green and resilient future. Ethiopia’s commitment is reflected in its policies and actions on the ground. “At COP28 and COP29, Ethiopia proudly showcased its progress and ambition receiving international recognition for our achievements in the low-emission and green growth journey.” Ethiopia has also made significant strides through international collaborations, including joining the Group of Negative Emitters at COP29, he further pointed out. The annual development conference is a premier knowledge event organized by UNDP-Ethiopia to bring together policy makers, development experts, and business leaders to address critical issues in sustainable development, it was indicated.

Addis Ababa December 28/2024 (ENA)— The Ethiopian Wildlife Development and Conservation Authority has announced that it is prioritizing the enhancement of the tourism sector by improving infrastructure in national parks that have previously been overlooked, including Gambella. In his exclusive interview with ENA, Kumara Waqjra, Director-General of the Authority, said that the authority is committed to promoting the multi-faceted economic growth of the tourism sector by expanding infrastructure in the national parks. He explained that the national parks have significant natural bio-diversity that could serve as major tourism attractions; however, these resources have not been properly utilized, and the sector has not reached its full potential due to lack of attention in the past. The Director-General emphasized that national parks, such as Gambella, have yet to achieve the desired benefits largely due to limited development beyond the Northern Mountains and Nech Sar National Parks, noted that special attention is now being given to the sector to change these situations. Tourism, he pointed out, is a key component of the country's efforts to implement a diversified economy so that significant efforts are being made to develop and utilize the rich bio-diversity of national parks to boost the tourism industry. The infrastructure projects aimed at improving access to several national parks, including Chobera Churcura, Bale Mountains, and Awash, he highlighted, adding that an agreement has been reached with African Parks to develop Gambela National Park, which is the largest in Ethiopia in terms of size and bio-diversity. The Authority oversees 87 parks and protected areas, which account for 10.6 percent of the country’s total land area, as recognized in the global database. The Director-General further noted that the office is working closely with regional governments on policies, legal frameworks, and other matters to ensure the proper management and use of these resources. It was previously reported that Ethiopia signed a historic 10-year partnership agreement for the management of Gambella National Park, involving the Ethiopian Wildlife Conservation Authority, Gambella People's Regional State, and African Parks.   The agreement aims to conserve the park's rich bio-diversity including endangered species and crucial ecosystems, while fostering sustainable development. The partnership seeks to create economic opportunities for local communities, combat climate change, and enhance eco-tourism.

Addis Ababa December 25/2024 (ENA)—Ethiopia’s Environmental Protection Authority Director General, Lelise Neme, pledged to accelerate cooperative efforts to effectively reduce greenhouse gas emissions, which play a crucial role in fostering positive climate change. The Authority has entered into an MoU agreement with seven sector institutions to collaborate on the national system for reducing, reporting, and verifying greenhouse gas emissions. Ministries of Transport and Logistics, Industry, Urban and Infrastructure, Agriculture, Mines, and the Ethiopian Forest Development signed the agreement with the Ethiopian Environmental Protection Authority.   On the occasion, Director General of Ethiopia’s Environmental Protection Authority, Lelise Neme said Ethiopia has pledged to reduce emission of greenhouse gases by 68.8 percent in 2030 stressing the need to create strong collaboration in order to attain this goal. She said that the agreement will play a significant role in reducing the emission of greenhouse gases and ensuring the ongoing efforts of Ethiopia to build a green economy system. The institutions that signed the agreement said that they will work together to implement policies, proclamations, regulations and strategies issued at the national level.

Addis Ababa December 25/2024 (ENA)—The establishment of special fund for the implementation of green legacy initiative and rehabilitation of degraded land in Ethiopia will help the efforts being carried out to sustainably develop the degraded lands across the country, Ethiopian Forestry Development announced. In its 12th regular session on Tuesday, Ethiopia’s House of Peoples Representatives approved a bill that allows the establishment and management of a special fund for the implementation of green legacy initiative and rehabilitation of degraded lands in the country. In a press conference held today, the Director General of Ethiopian Forestry Development, Kebede Yimam said that climate change continues to be a concern of the world particularly affecting developing nations. He emphasized that Ethiopia is implementing commendable strategies for the development of natural resources aimed at mitigating climate change, noting that significant outcomes have so far been achieved. Kebede further mentioned that the restoration of degraded lands in Ethiopia is being conducted sustainably, allowing for rapid recovery. In this regard, the Director General remarked that the establishment a special fund for the implementation of Green Legacy Initiative and the rehabilitation of degraded land are crucial for the ongoing success and advancement of the sector in Ethiopia. The move taken by the government demonstrates Ethiopia's determination to tackle the negative impacts of climate change, which is a global challenge, Kebed stated. . He mentioned that the implementations of this bill have a greater meaning for Ethiopia's efforts in the protection of natural resource, the success of green development and to tackling greenhouse gases emission. According to the bill, the government will allocate funds from 0.5 to 1 percent every year to the special fund. Ethiopia has undertaken extensive reforestation efforts through its national Green Legacy Initiative, which has been spearheaded by Prime Minister Abiy Ahmed since 2019. This globally recognized initiative has facilitated the planting of more than 40 billion seedlings, including various edible plants, thereby increasing the country's forest coverage.

Addis Ababa December 24/2024 (ENA) — The House of Peoples' Representatives (HPR) unanimously approved a bill for the establishment and management of a special fund for the activities of green legacy and rehabilitation of degraded lands, crucial for the effective implementation of the Green Legacy Initiative. In the 12th regular meeting of the council, the Chairman of the Standing Committee on Planning, Budget, and Finance, Desalegn Wedajo, presented a report and a proposal regarding the bill. The bill will support the effective and continuous management of the Green Footprint Program in Ethiopia. Desalegn stated that the green footprint initiative, launched in the last six years, has significantly contributed to the recovery of degraded land. He also pointed out that the decree will enable Ethiopia to increase its access to international financial sources in the forestry sector and allow the government to allocate appropriate budgets for the program. According to the bill, 0.5 to 1 percent of the total government budget each year will be allocated to the special fund, with states also contributing based on their capacity. This legislation marks a significant step towards ensuring the long-term sustainability of the Green Legacy Initiative and its crucial role in environmental conservation and ecological restoration in Ethiopia.

Addis Ababa December 21/2024 (ENA)—Experts have expressed confidence that allowing foreign banks to enter Ethiopia's financial sector can significantly enhance international competitiveness and facilitate technology transfer in the sphere. As Ethiopia embarked on far-reaching economic reforms, various success stories have been recorded, particularly in the banking sector. For years, the country’s banking industry has been closed to foreign investors, but it is now gradually opening up as a key indicator of these reforms. On Wednesday, the House Peoples Representatives (HPR) approved a new and historic banking proclamation that allows foreign banks entry into Ethiopia’s banking industry as the financial sector is part of the nation’s comprehensive reform. Approached by ENA, Arega Shumete, an economist, pointed out that the restriction of foreign investment in several sectors, including banking, has hindered the country's economic growth. He emphasized that the opening of various trade and investment opportunities to private and foreign investors is a positive outcome of the ongoing national reform. Arega believes that the gradual opening of the banking sector to foreign investors will not only make it internationally competitive but will also allow the sector to grow beyond Ethiopia’s borders. In this regard, the approved National Bank of Ethiopia Reform Bill by the parliament would pave the way for foreign investors to enter the banking sector. Arega stated that this development will revitalize the sector, making it internationally competitive and promoting knowledge and technology transfer. He further highlighted that Ethiopia’s efforts to join the World Trade Organization (WTO) would also benefit from foreign investment in the banking sector. Director of the African Economic Research Consortium, Professor Abi Kedir shared similar views, stressing that foreign banks would foster better competition and lead to improved outcomes among local banks. He explained that the capacity and expertise brought by international banks would help local banks improve and offer better services. Professor Kedir also pointed out that the entry of foreign banks would create opportunities in other sectors, particularly for agriculture and manufacturing, by improving credit provision. He also advised local banks to modernize their operations in order to remain competitive, suggesting that they strengthen their capacities through mergers and increased investment in human resources, technology, and capital. Emphasizing the importance of opening the financial sector to foreign investment, the director called for the creation of favorable conditions that will attract foreign investors to Ethiopia.

Addis Ababa December 20/2024 (ENA)—Denmark expresses desire to strengthen its collaboration with Ethiopia in building an economy resilient to climate change, Deputy Head of Mission at the Royal Danish Embassy in Ethiopia, Sebastian Lukas Bych told ENA. The Deputy Head noted that Denmark has a long-standing partnership with Ethiopia, focusing on various collaborative agendas, including climate change. He highlighted shared commitments of both countries to promoting climate action and building an economy that is resilient to climate change and adaptable to future climate systems. Both nations are actively working together on several initiatives, particularly in agriculture, focusing on implementing smart agricultural practices and developing new energy solutions to enhance electricity access for Ethiopians, he stated. “Denmark is a long standing partner of Ethiopia working closely together on many agendas such as climate change. They have shared interest in promoting climate action,” he said. He added that “the two countries want to have an economy resilient for climate change and new climate systems (emerging) in the future; that is why we are working together in agriculture smart agriculture; in energy, new energy solutions with creating better electricity opportunities for everyone; and we will continue to do so.” The Deputy Head of Mission reiterated Denmark's commitment to continuing its support for Ethiopia across various sectors. The cooperation includes agriculture, climate change, and energy, dedication to fostering the cooperation into higher levels in the years to come. Moreover, he pointed out that Denmark supports Ethiopia in poverty reduction programs, he said. The formal diplomatic relations between Ethiopia and Denmark date back to 1967.

Addis Ababa December 19/2024 (ENA)—Ethiopian Finance Minister Ahmed Shide stressed the need for collaborating in exploring and operationalizing innovative financing mechanisms to advance sustainable development and climate resilience. FSD Ethiopia hosted its inaugural Climate Finance Summit in Addis Ababa today, bringing together stakeholders to address climate change challenges and accelerate Ethiopia's green transition. The objectives of the summit are to explore innovative financing solutions and accelerate Ethiopia's transition to a climate-resilient green economy. Speaking at the summit, Finance Minister Ahmed Shide emphasized Ethiopia's unwavering commitment to combating climate change and building a sustainable future. “A shining example of our commitment is the Green Legacy Initiative (GLI), by rallying millions of Ethiopians, we have planted over 36 billion trees, reversing deforestation and conserving biodiversity,” he recalled. To sustain these gains, the minister added, for upcoming rounds of green legacy and degraded landscape restoration, a special fund will ensure robust governance and long term impact, strengthening resilience. Moreover, the Ministry of Finance has recently upgraded its Green Climate Fund (GCF) accreditation from small to medium status, he said. “This milestone enhances our ability to mobilize resources for transformative projects that align with our Nationally Determined Contributions (NDC) target supporting our journey towards the climate resilient economy,” he noted. Ethiopia's vulnerability to climate change by erratic rainfall, prolonged drought and environmental degradation jeopardize the food security, livelihood and the economy, the minister stated. To this end, “We remain steadfast in our resilience and determination. Our efforts, grounded in the Climate Resilient Green Economy (CRGD) strategy launched in 2011 has positioned Ethiopia as a leader in mainstreaming climate resilience and sustainability into a national development program,” he said. Over the past decade, "we have made remarkable progress. Ethiopia’s submission of ambitious, NDCs, the development of long-term low-emission development strategy and the integration of climate priorities into our 10 Year Development Plan are just a few examples.” With the establishment of the CRGD facility within the Ministry of Finance, we have been able to mobilize climate finance at scale supported by innovations like climate budget tracking, he added. Ethiopia will continue advocating for equitable, accessible and innovative climate finance mechanisms. "As we reflect on the outcome of COP 29, it is clear that the stakes are higher than ever,” he noted. “The adoption of the new Collective Quantified Goal (NCQG) for 300 billion annually in climate finance is a positive step, but much more is needed to address the 1.3 trillion annually that experts estimate is required.” He stressed that inclusive and equitable climate finance is very essential. "Vulnerable groups, including women, youth and marginalized communities, "must be at the heart of our climate solutions," he said. According to him, empowering women and fostering gender responsive financing strategies are critical components of Ethiopia's climate resilience initiatives. Noting that Ethiopia’s journey demonstrates the power of partnerships and the collective public action, he said; initiatives like Green Legacy Initiative and the integration of climate considerations into fiscal systems exemplify our leadership and innovation. Therefore, he urged all stakeholders to collaborate in exploring and operationalizing innovative financing mechanisms to advance sustainable development and climate resilience. According to him, “this summit provides a platform to exchange knowledge, forge partnerships and design solutions that propel us toward sustainable and climate resilient Ethiopia.” One of the key highlights of the summit is the focus on Ethiopia's climate finance strategy which includes reducing greenhouse gas emissions by 68.8 percent by 2030, as outlined in the country's updated NDCs, it was indicated. The summit seeks to harness the opportunities presented by COP29, where global leaders committed to scaling up climate finance to help developing nations mitigate and adapt to climate change. FSD Ethiopia CEO, Hikmet Abdela said Ethiopia has been facing climate change impacts. "Despite these challenges, Ethiopia remains steadfast in its commitment to becoming a climate-resilient green economy by 2030." However, addressing significant gaps in the climate finance landscape is crucial to realizing this vision, the CEO noted. This summit is an important opportunity for all stakeholders to come together and chart a clear path forward for climate finance in Ethiopia, with a focus on inclusivity and sustainability, she added. The one-day summit features panel discussions and interactive sessions with industry experts, including government officials, financial leaders, and representatives from international organizations.

​​​​​​Addis Ababa December 18/2024 (ENA)—Numerous government institutions have signed Memorandum of Understanding (MoU) today to implement a comprehensive Multi-sectoral Action Plan on Air Pollution. Ethiopian Environmental Protection Authority (EPA), Ministry of Health, Ministry of Transport and Logistics, Ministry of Industry, Ministry of Urban and Infrastructure, Ministry of Agriculture, Ministry of Water and Energy and Ethiopian Metrology Institute have signed the MoU. During a multispectral signing ceremony of the MoU and advocacy workshop on EU-Health and pollution project results, State Minister of Health Dr. Dereje Duguma noted that it is a new milestone for Ethiopia as sectors come together from different areas at federal and regional levels and also from partners to show solidarity and commitment to the fight against air pollution. “It is really a significant milestone for Ethiopia where pertinent sectors come together in the fight against air pollution,” he said. The Action Plan has come at a critical juncture as air pollution has been resulting in far-reaching consequences on human and animal health as well as on the environment in general, the state minister affirmed. “A multi-sectoral action plan shows our solidarity, our commitments, and our strong partnership and of course our collective response on one of the threats of this globe, air pollution,” he stated. For the state minister, the multi-sectoral action plan of air pollution and health will be an important initiative that will leverage the activities especially from the health sector. The signing of this MoU will further solidify our joint action and enhance mobilizing more resources to tackle air pollution in Ethiopia, he pointed out. Director General of Environment Protection Authority (EPA) Lelise Neme said for her part that air pollution has become one of the most pressing global environmental crises impacting not only human health but also biodiversity, and economic development. She stressed the need for sustainable and long-term solutions through the collaboration effort of government, development partners, and various stakeholders. In this regard, Lelise further underscored EPA is proactively engaging in enforcing environmental laws, raising public awareness, collaborating with key stakeholders to ensure a cleaner, healthier and more sustainable environment for all Ethiopians. With the support of UNDP and the European Union, the Ethiopian Environmental Protection Authority in collaboration with the Ministry of Health and various government institutions, has conducted a comprehensive study on air pollution and its effect on public health. As a result, the Ethiopian Environmental Protection Authority in collaboration with pertinent stakeholders has developed the five-year Multi-sectoral Action Plan on Air Pollution and Health in Ethiopia, it was indicated. During the occasion, representatives of other signatory institutions also reaffirmed their commitment to working in close collaboration for the realization of the action plan.

Addis Ababa December 11/2024 (ENA)—The Collaborative Management Partnership among the Ethiopian Wildlife Conservation Authority, Gambella Peoples' Regional State and African Parks have been signed for the long-term management of Gambella National Parks in Addis Ababa today. Ethiopia has taken a monumental step in conserving its rich biodiversity and fostering sustainable development with the signing of a landmark agreement for the management of Gambella National Park. This 10-year partnership is designed to ensure the sustainable utilization of Gambella National Park's unique resources, create economic opportunities for local communities, and bolster efforts to combat climate change and environmental degradation. "This partnership marks a historic milestone in safeguarding one of Ethiopia's most valuable natural treasures," said Alemitu Umod, Chief Adminstrator of the Gambella People's Regional State.   She emphasized that the agreement will protect the park's biodiversity while providing much-needed jobs and fostering socio-economic development in the region. Gambella National Park is renowned for its rich biodiversity, including endangered species and critical ecosystems. It spans vast landscapes of wetlands, grasslands, and forests, hosting iconic wildlife. The park's preservation is vital for maintaining Ethiopia's natural heritage and mitigating climate change impacts. African Parks, an international conservation organization with extensive experience in managing protected areas, brings technical expertise and funding to the park. "We are truly excited to embark on this journey with our Ethiopian partners," said Peter Fearnhead, CEO of African Parks, adding "This agreement represents a new chapter in the sustainable management of Gambella National Park, ensuring its protection for future generations while empowering local communities."   Minister of Tourism, Selamawit Kassa said: "By investing in our natural heritage, we are also investing in our future." Ethiopian Wildlife Conservation Authority Director General, Kumara Wakjira shared similar sentiment. This is not just about protecting a remarkable ecosystem but about unlocking its full potential to benefit communities and support national development goals, he noted. The agreement aligns closely with Ethiopia's Green Legacy Initiative, championed by Prime Minister Abiy Ahmed, he recalled. Beyond conservation, the agreement aims to boost eco-tourism by enhancing the park's infrastructure and visibility. This is expected to attract both domestic and international visitors, generating revenues as part of boosting eco-tourism for the national development.

Addis Ababa December 11/2024 (ENA)— In a moment of gratitude and celebration, the Ministry of Planning and Development, led by Fitsum Assefa, hosted an inspiring recognition ceremony to honor the partners who empowered Ethiopia’s transformative engagement at COP29. The event showcased the power of partnership, highlighting how collective action can elevate a nation’s voice on the global stage. Ethiopia's achievements at COP29—leading key discussions, unveiling bold climate policies, and hosting a dynamic pavilion—were made possible by the steadfast support of its allies. Minister of Planning and Development, Fitsum Assefa expressed heartfelt thanks to a diverse group of organizations that made Ethiopia's COP29 journey remarkable. UNDP for providing substantial support for Ethiopia’s pavilion and sponsoring delegates and Danish Embassy sponsoring the pavilion and facilitating high-level engagements with global leaders.   She also thanked WFP, UNICEF, and World Bank for supporting the participation of Ethiopian delegates and the embassy of Azerbaijan for offering technical support and ensuring smooth logistical arrangements. The ceremony not only celebrated achievements but also inspired future collaborations, according to Ministry of Planning and Development. Special recognition was given to the Danish Embassy and UNDP for their unparalleled contributions. Through their efforts, Ethiopia secured a pavilion that became a hub for impactful dialogues and joined the prestigious Group of Negative Emitters coalition, reaffirming the nation’s climate leadership.   Minister Fitsum remarked, “The success of COP29 is a testament to the strength of partnership. Together, we amplified Ethiopia’s voice, showcased our ambition, and reminded the world that collaboration is key to a sustainable future.” The event ended with reflections from partners and a renewed commitment to strengthening cooperation for COP30 and beyond.   This recognition ceremony was not just a celebration but a call to action. As Ethiopia prepares for the next chapter of climate action, the Ministry of Planning and Development invited all stakeholders to join hands in building a greener, more resilient future.

Addis Ababa December 8/2024 (ENA)—Prime Minister Abiy Ahmed and First Lady Zinash Tayachew have reviewed Nech Sar National Park. The national park located near Arba Minch in South Ethiopia, is a natural attraction known for its diverse landscapes, including savannahs, forests, and the scenic lakes Abaya and Chamo. Spanning 514 square kilometers, it is home to abundant wildlife, such as zebras, gazelles, crocodiles, and over 270 bird species, making it a haven for nature enthusiasts. Like other national parks, Nech Sar plays a vital role in preserving ecosystems and promoting tourism, Office of the Prime Minister.said in its social media post.  

Addis Ababa December 6/2024 (ENA) - Ethiopia and Russia have agreed to strengthen joint efforts in the development of robust environmental reform initiatives. Director General of the Ethiopian Environmental Protection Authority, Lelise Neme, held a productive discussion with the Ambassador of Russia to Ethiopia Evgeny Terekhin on key environmental protection issues. On the occasion both parties agreed to strengthen joint efforts in experience sharing, training programs, pollution management, solid waste management, ecosystem conservation, technology transfer and the development of robust environmental reform initiatives. Additionally, they emphasized the importance of establishing linkages between the EPA, correspondent public institutions, private sector actors and research institutions to deepen practical, evidence-based cooperation. This discussion underscores the commitment of both nations to fostering sustainable environmental solutions through partnership and innovation.