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Inner circles | Ethiopia
Inside Abiy Ahmed's circle of new business barons

The new governor of the National Bank of Ethiopia, Eyob Tekalign (left), and the CEO of Ethiopia Investment Holdings, Brook Taye, in London, October 2024. © REUTERS

Mining, infrastructure, banking... The leader of the Prosperity Party has entrusted a team of young financiers with the keys to the country's strategic projects. They have forged close links with a network of businessmen and intermediaries who have become key players on the Ethiopian economic scene. [...]

Published on 17/10/2025 at 04:40 GMT Reading time 4 minutes

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Ethiopia country
Abiy Ahmed public figure
Aliko Dangote public figure
Commercial Bank of Ethiopia organisation
Diageo organisation
Ecobank organisation
Ethiopian Airlines organisation
Ethiopian Investment Holdings organisation
Ernst & Young organisation
International Finance Corp organisation
Mamo Mihretu public figure
Meles Zenawi public figure
National Bank of Ethiopia organisation
Prosperity Party organisation
Safaricom organisation
World Bank organisation
Shimelis Abdisa
A&A Capital
Adare Assefa
Addis Alemayehou
Boeing Africa
Brook Taye
CBE Capital
Daba Debele
Ethiopian People's Revolutionary Democratic Front
Ethiopian Public Private Consultative Forum
Eyob Tekalign Tolina
Fairfax Africa
Flawless Event
Girma Birru
Henok Assefa
Henok Teferra Shawl
Kazana Fund
Kefi Gold
Meles Zenawi Foundation
Meta Abo Breweries
Mimi Alemayehou
National Planning Commission
Oromia Sovereign Fund
Oromo People's Democratic Organization
Papa Madiaw Ndiaye
Precise Consult
Tulu Kapi Gold Mine
University of Maryland
Yoadan Tilahun
Zemedeneh Negatu

Spotlight | Ethiopia
Abiy Ahmed's networks get to work on drone assembly

Involved in an arms race, led with government allies, the prime minister recently unveiled an Ethiopian drone factory. The Addis Ababa facility, however, only assembles drones out of parts made in China.

Subscribers only Defence 23.10.2025

Ethiopian Prime Minister Abiy Ahmed inaugurates SkyWin Aeronautics Industries in Addis Ababa, 8 March 2025.

The New Guard
Congo, Ethiopia, Kenya

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

CongoOumar Semega, the ambitious oil trader

EthiopiaKal Kassa, the bitcoin prophet

KenyaAlamin Siwa Somo, the aspiring senator

Subscribers only Politics, Business 22.10.2025

Ethiopia
French defence companies to meet African chiefs of staff in Addis Ababa

A defence summit organised on the initiative of French army Chief of Staff, General Pierre Schill, will be held on 27 and 28 November in Addis Ababa. The event aims to promote the offerings of several French industrial and technological defence companies.

Subscribers only Defence 20.10.2025

Ethiopia
Business forum attracts European giants in Paris

Medef International is to host a delegation of Ethiopian entrepreneurs in France. Led by Minister of Finance Ahmed Shide, it will notably include Ethiopian Airlines CEO Mesfin Tasew.

Subscribers only Infrastructure 13.10.2025

Ethiopia
Addis Ababa puts finishing touches to its carbon credit strategy

Ethiopia will introduce legislation in early 2026 to tap into the promising carbon offset market. Discussions are underway between the government and foreign partners.

Subscribers only Finance, Energy 10.10.2025

Ethiopia
The challenges lying in wait for Dangote in the Somali Region

Prime Minister Abiy Ahmed has announced the imminent launch of Nigerian giant Dangote's $2.5 billion fertiliser plant. However the supply of gas needed for urea production remains problematic.

Subscribers only Business 24.09.2025

Ethiopian PM Abiy Ahmed at the official inauguration of the Grand Ethiopian Renaissance Dam (GERD) in Guba, on 9 September 2025.

Spotlight | Djibouti, Ethiopia, Kenya
Beijing mulls its African debt strategy

With Trump pushing power politics, China is striking a conciliatory tone with Western partners on African sovereign debt under the G20 framework – while keeping bilateral deals in reserve.

Subscribers only Finance 05.09.2025

China's President Xi Jinping (centre) and his Kenyan counterpart William Ruto (far right) in Beijing, on 24 April 2025.

Spotlight | Ethiopia
How miner KEFI Gold lobbied Addis Ababa to join Africa Finance Corp

The document to ratify the agreement to join the African financial body had been in limbo for two years, but under pressure from its partners, notably junior mining company KEFI Gold, the Finance Ministry suddenly pushed ahead with it.

Subscribers only Finance, Mining 23.05.2025

Eyob Tekalign Tolina, State Minister of Finance, in Addis Ababa, in July 2019.

Inner circles | Ethiopia
Abiy's well-travelled team of financiers prepares for stock exchange launch

To attract investor support for the new Ethiopian Securities Exchange, which he sees as a key reform measure, the Ethiopian prime minister has brought in professionals from the Ethiopian diaspora, who have been trained by the leading international finance groups.

Subscribers only Finance 10.11.2023

Ethiopia
Safaricom determined to capitalise on its headstart in Ethiopia

Last month the Kenyan telecoms giant secured a mobile banking licence that it intends to make use of as soon as possible before other private telecoms operators descend on the country.

Subscribers only Business 01.06.2023

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Special offer: Only 1d and 15h to take advantage of it

Consult our offers

This offer is open to all new subscribers and runs until 24/10/2025

Set up keyword notifications

Ethiopia country
Abiy Ahmed public figure
Aliko Dangote public figure
Commercial Bank of Ethiopia organisation
Diageo organisation
Ecobank organisation
Ethiopian Airlines organisation
Ethiopian Investment Holdings organisation
Ernst & Young organisation
International Finance Corp organisation
Mamo Mihretu public figure
Meles Zenawi public figure
National Bank of Ethiopia organisation
Prosperity Party organisation
Safaricom organisation
World Bank organisation
Shimelis Abdisa
A&A Capital
Adare Assefa
Addis Alemayehou
Boeing Africa
Brook Taye
CBE Capital
Daba Debele
Ethiopian People's Revolutionary Democratic Front
Ethiopian Public Private Consultative Forum
Eyob Tekalign Tolina
Fairfax Africa
Flawless Event
Girma Birru
Henok Assefa
Henok Teferra Shawl
Kazana Fund
Kefi Gold
Meles Zenawi Foundation
Meta Abo Breweries
Mimi Alemayehou
National Planning Commission
Oromia Sovereign Fund
Oromo People's Democratic Organization
Papa Madiaw Ndiaye
Precise Consult
Tulu Kapi Gold Mine
University of Maryland
Yoadan Tilahun
Zemedeneh Negatu

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