Business

Ethiopian Fuel Prices Soar: New Rates Announced by Ministry

Addis Ababa, Ethiopia – The Ministry of Trade and Regional Affairs has announced a significant adjustment in the retail prices of various fuel products, which will take effect starting today, July 3, 2016, at 1:00 PM. This adjustment excludes jet fuel and is driven by the recent increase in fuel prices on the global market.

July 10, 2024 • By Addis Insight

Business

Ethio Telecom Surpasses Expectations with 21.79 Billion ETB Profit and Major Network Expansion

Addis Ababa, July 10, 2024 (Addis Walta) – Ethio Telecom has announced a remarkable annual profit of 21.79 billion Birr for the 2023/24 fiscal year, reflecting a 108.7% performance. The telecom giant also reported generating a gross income of 93.7 billion Birr, which is 103.6% of its planned target for the year. Subscriber Growth and

July 10, 2024 • By Addis Insight

Sport

From Yamal to Girmay: Celebrating Black Athletes Recent Wins in White-Dominated Sports

Celebrating Black Athletes Breaking Barriers in Historically White-Dominated Sports In recent weeks, the world of sports has witnessed remarkable victories by Black athletes excelling in arenas traditionally dominated by white competitors. These triumphs not only underscore their exceptional talents but also symbolize a broader shift toward inclusivity and recognition of diversity in sports. From the

July 10, 2024 • By Addis Insight

Business

The National Bank of Ethiopia Launches New Monetary Policy Framework

July 9, 2024 | Addis Ababa, Ethiopia In a significant move to stabilize the country’s economy, the National Bank of Ethiopia (NBE) has unveiled a comprehensive new monetary policy framework aimed at ensuring low and stable inflation. This initiative follows extensive preparatory work aligned with the NBE’s Medium-term Strategy Plan, which included defining the bank’s

July 9, 2024 • By Addis Insight

News

Ethiopian Premier Abiy Ahmed Meets Sudan’s Army Chief in Port Sudan

Ethiopian Prime Minister Abiy Ahmed met with Sudan’s army chief General Abdel Fattah al-Burhan on Tuesday, marking the first time a foreign leader has visited Burhan in Port Sudan since the conflict between the army and the paramilitary Rapid Support Forces (RSF) erupted nearly 15 months ago. Abiy’s Role in Sudan’s Peace Efforts Abiy Ahmed,

July 9, 2024 • By Addis Insight

Business

Mohammed Al-Amoudi to Return to Ethiopia with Grand Rolls-Royce Spectre Welcome

The Anticipation and Grandeur Surrounding a Homecoming After seven years, Saudi-Ethiopian billionaire Mohammed Al-Amoudi is set to return to Ethiopia. Al-Amoudi, known for his extensive investments in the Ethiopian economy, is scheduled to arrive during the first week of Ethiopia’s upcoming new year to attend a family wedding. A Welcome Fit for a Billionaire In

July 7, 2024 • By Addis Insight

Eritrea

Biniam Girmay Makes History as First Black Athlete to Win Two Stages in a Week at Tour de France 2024

Girmay Triumphs in Stage 8 of Tour de France 2024 Biniam Girmay of Intermarché-Wanty-Gobert clinched a thrilling victory in Stage 8 of the 2024 Tour de France, a challenging 183.4 km route from Semur-en-Auxois to Colombey-les-Deux-Églises. The stage featured numerous short but steep climbs, including the Côte de Vitteaux, Côte de Villy-en-Auxois, and Côte de

July 6, 2024 • By Addis Insight

Books

Nebiy Mekonnen Celebrating the Life of Ethiopia’s Literary Legend

Nebiy Mekonnen (1956 – 3 July 2024) Nebiy Mekonnen, an influential Ethiopian poet, journalist, playwright, and translator, passed away on 3 July 2024. He was 68 years old. Nebiy was born in 1956 and became a pivotal figure in Ethiopian literature and journalism. He co-founded and served as the editor-in-chief of the weekly newspaper Addis

July 5, 2024 • By Addis Insight

News

Over 100 University Students Kidnapped by Militants in Oromia Region

Addis Ababa, Ethiopia – In a distressing incident, over a hundred university students traveling from the Amhara region to the capital, Addis Ababa, were reportedly kidnapped by militants in the Oromia region. This information was sourced from BBC Amharic by Addis Insight. Eyewitnesses and families of the hostages told the BBC that the passengers, most

July 5, 2024 • By Addis Insight

News

Daniel Bekele Departs EHRC: Reflecting on a Legacy of Human Rights Advocacy

Daniel Bekele, a prominent figure in the realm of human rights advocacy, has concluded his tenure as the Chief Commissioner of the Ethiopian Human Rights Commission (EHRC). Appointed in July 2019, Bekele has been instrumental in steering the commission through a transformative period marked by significant political and social upheavals in Ethiopia. A Tenure of

July 5, 2024 • By Addis Insight