Business

Ethiopia Implements Market-Based Exchange Rate System

Ethiopia Implements Market-Based Exchange Rate System Addis Ababa, July 2024 – The Ethiopian government has announced the implementation of a market-based exchange rate system, marking a significant shift in the country’s economic policy. This change is part of the broader Home-Grown Economic Reform Program (HGER 2.0), aimed at modernizing the economic framework and addressing long-standing

July 28, 2024 • By Addis Insight

News

Ethiopia’s GERD Reaches 100% Completion in Civil Works

Ethiopia’s GERD Reaches 100% Completion in Civil Works Ethiopia has announced the completion of the civil works phase of the Grand Ethiopian Renaissance Dam (GERD), a significant milestone in the country’s flagship hydroelectric project. The dam, located on the Blue Nile River in the Benishangul-Gumuz region, is poised to become one of Africa’s largest sources

July 27, 2024 • By Addis Insight

Business

Ethiopian Airlines to Begin Night Flights Between Addis Ababa and Mekelle

Addis Ababa, July 28, 2024 — Ethiopian Airlines has announced the commencement of night flights between Addis Ababa and Mekelle, starting Monday, July 29, 2024. This new service aims to provide passengers with increased flexibility and additional travel options within the country. The introduction of night flights is part of Ethiopian Airlines’ ongoing efforts to

July 27, 2024 • By Addis Insight

Uncategorized

Teddy Afro Donates 1 Million Birr to Landslide Victims in South Ethiopia

Artist Tewodros Kasahun, also known as Teddy Afro, donated one million birr to the victims of the landslide in Kencho Shacha Gozdi Kebele, Gofa Zone, Geze Gofa District, South Ethiopia. Tewodros Kasahun extended his support to those affected by the sudden landslide in Kencho Shacha Gozdi Kebele and offered condolences to the families who lost

July 26, 2024 • By Addis Insight

Business

Ethiopian Shipping and Logistics Reports 8.8 Billion Birr Profit, Exceeding Targets by 32%

Ethiopian Shipping and Logistics (ESL), a major player in the transportation and logistics sector, has reported significantly higher profits than anticipated for the 2023/24 budget year. Berisso Amallo, CEO of ESL, announced that the company’s income surged past projections by 12.7%, culminating in a revenue of over 57 billion birr. The company demonstrated remarkable financial

July 26, 2024 • By Addis Insight

Diaspora

Meet Ruth Negga: The Ethiopian-Irish Actress Behind Apple TV+’s Hit Show ‘Presumed Innocent

Ruth Negga Shines in ‘Presumed Innocent’: A Deep Dive into Her Ethiopian-Irish Heritage and Acclaimed Performance Ruth Negga, an actress celebrated for her versatility and emotional depth, has captivated audiences with her recent role in Apple TV+’s “Presumed Innocent.” The series, also starring Jake Gyllenhaal, is a reimagining of Scott Turow’s classic novel, exploring the

July 26, 2024 • By Addis Insight

News

Gofa Zone Landslides: Up to 500 Feared Dead in Southern Ethiopia Catastrophe

According to the United Nations Office for the Coordination of Humanitarian Affairs (OCHA), the number of people killed in the series of landslides in the Gofa zone of southern Ethiopia may reach up to 500. Based on information received from local authorities, OCHA has indicated that the death toll from the disaster could rise to

July 25, 2024 • By Addis Insight

Business

NINJA 2024 Acceleration Program Announces Final Six Startups Heading to GITEX Dubai

The NINJA 2024 Acceleration Program has revealed the six startups selected to participate in its prestigious three-month program, culminating in a showcase at GITEX Dubai. This year’s finalists include Kabba Transport, Marakisoft Technologies Pvt.Ltd.Co, DrongoERP, FutureX Educational Consultancy, Tewos Technology, and Waza Addis Trading plc. The announcement highlights the program’s ongoing commitment to nurturing innovation

July 25, 2024 • By Addis Insight

Politics

Stephanie Sullivan Appointed as U.S. Ambassador to the African Union and Permanent Representative to UNECA

Stephanie Sullivan has been appointed as the new U.S. Ambassador to the African Union (AU) and Permanent Representative to the United Nations Economic Commission for Africa (UNECA). She was sworn in at the U.S. Department of State headquarters, signaling a continued commitment to U.S.-Africa relations. Ambassador Sullivan brings a rich background in diplomacy. Her previous

July 25, 2024 • By Addis Insight

Health

A Tale of Two Pregnancies: A Doctor’s Insight into Ethiopia’s Healthcare Divide

Dr. Bereket Alemayehu I’ve always felt that the glamorous life associated with doctors having multiple jobs is overstated. In fact, having multiple jobs comes with unique challenges. However, one aspect I appreciate is that it opens your eyes to different experiences, each offering a unique perspective. I have two jobs: one at a maternity and

July 25, 2024 • By Addis Insight