Addis Ababa, February 3, 2026 (FMC) — During the parliament’s 10th regular session held today, Prime Minister Abiy Ahmed said Ethiopia’s ongoing economic reforms, coupled with investments in technology, youth development, and climate-conscious urbanization, are delivering tangible results while laying the foundation for long-term national competitiveness.
Responding to questions from members of Ethiopia’s House of Peoples’ Representatives, the Prime Minister outlined the core objectives of the country’s economic reform agenda, which he said focuses on stabilizing macroeconomic imbalances, transitioning from an agriculture-led growth model to a diversified, multi-sectoral economy, and easing Ethiopia’s debt burden.
“The economic progress that Ethiopia has exhibited is undeniable by any criteria,” PM Abiy told lawmakers.
He emphasized that Africa’s greatest opportunity lies in its youth population, but said success depends on preparing young people for global competition. He noted that technology is one of Ethiopia’s five pillars of development, with artificial intelligence playing a central role. In this context, he said Ethiopia is working to establish what he described as the world’s second artificial intelligence university, which is expected to begin operations within the next year. The institution is designed to equip future generations with advanced skills and create sustainable opportunities for youth.
PM Abiy said Ethiopia’s investments in early childhood education, urban development, technology, and the Green Legacy initiative reflect a forward-looking development philosophy aimed at reducing historical constraints while ensuring future resilience. Over the past five to six years, more than 34,000 kindergartens have been established nationwide, benefiting over four million children, whom he described as central to the country’s long-term prosperity. He noted that corridor development and city renewal projects are transforming urban centers across the country, while climate-friendly growth remains a priority.
On economic growth, PM Abiy said Ethiopia continues to record strong expansion despite not being a major oil-producing country. Based on performance over the first six months of the current fiscal year, he said the government has revised its growth projection to 10.2 percent, a figure closely aligned with forecasts by the International Monetary Fund. He added that Africa’s overall growth outlook is improving, with projections indicating the continent’s GDP growth could surpass that of other regions if reform efforts are sustained.
Turning to agriculture, the Prime Minister said 999 million quintals of crop production have been harvested over the past six months, representing 78 percent of the annual plan. In crops, horticulture, and cotton specifically, 79 percent of planned targets have already been achieved. If current momentum continues, the country is on track to exceed its annual agricultural goals.
PM Abiy said continued discipline and coordinated effort across all sectors are required to sustain reform gains, accelerate growth, and translate economic progress into lasting national prosperity.