Ethiopia's Prosperous Advance: Comprehensive Gains Under the Prosperity Party

Addis Ababa, April 26, 2025 (ENA) — The Executive Board of Ethiopia’s governing Prosperity Party (PP) announced that significant advancements have been observed in various sectors including politics, economy, society, and diplomacy within the nation.

During their routine gathering in Addis Ababa from April 25 to 26, the Committee carried out an extensive evaluation of the country's political, economic, social, and diplomatic progress.

The party released a statement today highlighting notable political and diplomatic progress following the Second Regular Meeting of the Prosperity Party.

Ethiopia has entered a new phase in its political environment by engaging in comprehensive discussions with various political parties and stakeholders. It was noted that preparations for the national dialogue and the consolidation of different agendas have been finalized throughout all regions, with the exception of one area.

The Executive Committee highlighted the dedication towards maintaining peace and stability, noting that regions formerly plagued by instability are now experiencing a gradual return to calm. This encouraging trend is reinforced by a rising number of insurgents laying down their arms and heeding the government’s calls for reconciliation.

The dispute with Somalia has been diplomatically settled, and the stance advocating for Ethiopia’s right to obtain coastal access is receiving growing global recognition, according to the Committee.

Economically speaking, the nation’s ties with global finance organizations have seen enhancement alongside an upsurge in the assistance they provide.

The Executive Committee forecasted a nationwide growth rate of 8.4% for the present Ethiopian fiscal year, fueled by robust performances in various sectors including agriculture with a 6.1% increase, industry at 12.8%, manufacturing at 12%, construction at 12.3%, and services at 7.1%.

The government's income has increased by 134 percent in the last nine months. Additionally, the proportion of external debt relative to GDP has decreased to 13.7 percent.

Additionally, the revenue generated from exports of major goods like wheat, rice, coffee, tea, and fruits has increased substantially, with growth rates spanning between 82 percent and 386 percent. This reflects robust performance within these industries.

Over the last nine months, we've seen the creation of 344,790 overseas positions along with more than three million local roles. Additionally, the availability of work-from-home jobs continues to grow.

A significant standout was the performance of Ethiopian Investment Holdings, racking up 1.5 trillion Birr, representing an astounding 86 percent increase from the previous year’s figures for the corresponding period.

As stated, this shows successful accumulation of wealth and wise monetary control.

The foreign exchange reserves increased by 203.99 percent relative to the previous year during the corresponding timeframe, and bank deposits surpassed 3 trillion Birr. Over the first nine months, export performance reached more than 5 billion USD, marking a growth of 150.39 percent.

Significant strides have been made in the realm of digital transformation, with the country now claiming 50.2 million internet users, 86.6 million mobile subscribers, and more than 52.5 million Tele Birr users. During the last nine months, digital transactions surged to over 12.51 trillion Birr.

Additionally, the statement highlighted that infrastructure development continues to be a top national priority with significant projects progressing according to schedule.

The implementation of the Grand Ethiopian Renaissance Dam has reached 98.66%, with further advancements in supplementary hydroelectric initiatives. Additionally, national corridor development programs along with various irrigation dam projects continue to make headway.

To cushion the impact on vulnerable groups during continuous economic restructuring, social welfare initiatives have been augmented. This includes an allocation of 62 billion Birr for fertilizers, 41.2 billion Birr for the safety net scheme, 60 billion Birr for fuel subsidies, along with considerable financial backing for healthcare and essential commodities.

The "Education for Generation" program has brought fresh attention to education and healthcare, with more than 82 billion Birr allocated towards building 6,815 new educational institutions. The statement highlighted this effort includes restoring facilities damaged during conflicts.

The Executive Committee highlighted that Ethiopia is rapidly emerging as a preferred location for both travelers and international conferences, with over 66 significant events taking place within only nine months. To support this trend and enable the staging of prominent continental competitions, efforts aimed at developing sports facilities, such as world-class arenas, are currently in progress.

Efforts aimed at rejuvenating industries, promoting import substitution, and improving land usage are driving the country towards increased economic independence. Importantly, as stated, the number of individuals needing humanitarian aid has dropped by 86% over the last half-decade, with nine areas now able to satisfy their own emergency requirements.

The Prosperity Party ultimately stressed that these achievements mark the beginning of a new era, not its end, and provide strong proof that Ethiopia is steadily moving towards lasting prosperity.