In 2025, Ethiopia emerged as one of the fastest-growing economies in sub-Saharan Africa. After years of conflict, debt distress and foreign currency shortages, the government has pushed ahead with wide-ranging economic reforms aimed at restoring investor confidence, stabilising public finances and unlocking private-sector growth. This year has seen renewed engagement with international lenders, a drive to liberalise key sectors such as telecoms and finance, and cautious optimism about growth prospects. Thami Ngubeni spoke to Mered Fikireyohannes, Founder and Chief Executive Officer at Pragma Investment Advisor.