Sport

Ten Years Later: Abeba Aregawi Celebrates 2012 Bronze Medal at Paris 2024 Reallocation

Abeba Aregawi Receives Bronze Medal at Paris 2024 Reallocation Ceremony In a touching and celebratory moment during the Olympic Games Paris 2024, Ethiopian middle-distance runner Abeba Aregawi was awarded the bronze medal for the 1500-meter dash from the 2012 London Olympics. This special medal reallocation ceremony, held on August 9, 2024, at Champions Park, marked

August 12, 2024 • By Addis Insight

Sport

The Double Standard: Western Media and Sports Organizations’ Unfair Scrutiny of African Women Athletes

In the world of sports, the pursuit of excellence is supposed to be celebrated, where athletes of all backgrounds push the boundaries of human potential. Yet, for many African women athletes, success is often met with unjust scrutiny and bias, particularly from Western media and sports organizations. This double standard is starkly evident in the

August 12, 2024 • By Addis Insight

Politics

Ethiopia and Somalia on the Brink of a Historic Port Deal

Recent reports indicate that Somalia is on the verge of granting Ethiopia access to one of its ports, while Ethiopia is considering abandoning the memorandum of understanding (MoU) it signed with Somaliland. Diplomatic Negotiations Underway Diplomatic sources suggest that Ethiopia and Somalia are close to finalizing an agreement based on a ‘give and take’ principle.

August 12, 2024 • By Addis Insight

Business

Ethiopia’s $1.5 Billion Gamble: How World Bank-Backed Privatization, Tax Reforms, and FX Shifts Could Transform the Economy

Addis Ababa, 29 July 2024 – In a decisive move towards economic modernization, Ethiopia is undertaking a comprehensive set of reforms with robust backing from the World Bank. The global institution has approved a substantial $1.5 billion financial package, consisting of a $1 billion grant and a $500 million credit, under the Ethiopia First Sustainable

August 11, 2024 • By Addis Insight

Sport

Ethiopian Heritage Athletes Outshine Ethiopian National Athletes at Paris 2024 Olympics

The Paris 2024 Olympics has been a stage of triumph, surprises, and historic moments for athletes worldwide. For Ethiopia, a nation with a rich history of producing world-class runners, these Games were expected to be another chapter in their Olympic success. However, an intriguing narrative emerged: athletes of Ethiopian heritage competing for other nations have

August 11, 2024 • By Addis Insight

Uncategorized

Tigist Assefa Wins Silver in Thrilling Women’s Marathon at Paris Olympics

In a breathtaking showdown at the Paris 2024 Olympics, Ethiopia’s Tigist Assefa secured the silver medal in the women’s marathon, narrowly missing out on gold in one of the most dramatic finishes in Olympic history. The race, which saw a leading group of five contenders gradually whittled down to just two, culminated in an intense

August 11, 2024 • By Addis Insight

Business

Dashen Bank Secures $40 Million Trade Finance Guarantee from African Development Bank

Addis Ababa, 09 August 2024 – The African Development Bank Group (AfDB) has approved a $40 million trade finance transaction guarantee facility for Dashen Bank, aimed at bolstering Ethiopia’s financial sector. This facility is a strategic move to support the country’s Small and Medium-Sized Enterprises (SMEs) and local corporations by facilitating their trade finance requirements.

August 10, 2024 • By Addis Insight

Sport

Tamirat Tola Wins Gold in Men’s Marathon at Paris 2024, Secures Ethiopia’s First Olympic Gold

Tamirat Tola Wins Gold in Men’s Marathon at Paris 2024, Ending Ethiopia’s 24-Year Drought Paris, August 10, 2024 – Ethiopian marathoner Tamirat Tola has triumphed in the men’s marathon at the Paris 2024 Olympic Games, securing Ethiopia’s first Olympic gold in this event after a 24-year hiatus. Tola’s victory is a historic moment for Ethiopia,

August 10, 2024 • By Addis Insight

Uncategorized

Dar Wins $6 Billion Contract for Ethiopian Airlines’ Revolutionary Airport Project

Ethiopian Airlines has entered into a significant partnership with Dar, a leading design and consultancy firm with operations across Ethiopia, Kenya, and Uganda, to oversee the design and planning of a new international airport. This ambitious project, set to transform air travel in the region, was formalized on August 3, 2016, through the signing of

August 9, 2024 • By Addis Insight

Business

Shewaber Rewards Secures Investment at $600K Valuation, Sets Sights on Major Expansion

Addis Ababa, Ethiopia – August 9, 2024 – Shewaber, the pioneering Restaurant Loyalty Reward Platform in Ethiopia, has successfully secured an investment at a $600,000 valuation from a foreign investor, marking a significant milestone for the startup founded by Eyoel Tesfaye and Besufekad Menji. Originally launched three years ago as an online bookstore offering free

August 9, 2024 • By Addis Insight