Business

Awash Bank Records a 9.8 Billion Birr Profit in a Challenging Year

In a challenging global economic environment marked by the ongoing impact of the Russia-Ukraine war and the aftermath of the COVID-19 pandemic, Ethiopia’s Awash Bank has reported a significant rise in profits for the financial year 2022/23. The announcement was made during the bank’s 28th annual general meeting, hosted at the Skylight Hotel on November

November 28, 2023 • By Addis Insight

Uncategorized

Ethiopian Startups and NGO Funding: Unraveling the Myths of Sustainable Job Creation

In Ethiopia, the narrative that startups drive job creation, championed globally by NGOs, is particularly resonant. NGOs inject capital into Ethiopian startups, particularly in agriculture and technology, anticipating significant unemployment reduction. However, the reality often belies this optimism. Similar to Nairobi and Bangalore, Ethiopian startups, under pressure to impress donors, report inflated job figures. For

November 24, 2023 • By Addis Insight

Ethiopian War

Diplomatic Deadlock: Ethiopian Government and OLA Fail to Reach Consensus

In a significant development, the Federal Democratic Republic of Ethiopia’s efforts to broker peace with the Oromo Liberation Army (OLA) concluded without an agreement in Dar es Salaam, Tanzania. This marks the second instance where talks aimed at resolving the five-year conflict in the Oromia region have ended without a resolution. The discussions, which lasted

November 21, 2023 • By Addis Insight

Opinion

Five Reflections Inspired by the War on Amhara

By Sisay M. (Amoraw) Seattle, Washington The latest spate of genocidal violence against the Amhras perpetrated by Abiy’s Fascistic regime has largely been ignored by international media, and therefore, very few people around the world are aware of it. Ever wondered why? This article is an outlet for personal introspection and reflection on the War

November 21, 2023 • By Addis Insight

Business

Elevating Ethiopian Flavors: Marcus Samuelsson Set to Open Marcus Addis on Addis Ababa’s Skyline

Chef Marcus Samuelsson, an eminent figure in the culinary world, renowned for his unique blend of multicultural influences, is poised to unveil his latest gastronomic venture, Marcus Addis. This new restaurant is strategically located on the 46th floor of the Commercial Bank of Ethiopia building in Addis Ababa, with a grand opening scheduled for December

November 20, 2023 • By Addis Insight

News

Beyond the Finish Line: How the Ethiopian Great Run Echoes Political Sentiments

The 23rd Sofia Marathon Great Run, one of Ethiopia’s most celebrated athletic events, was held successfully amidst an atmosphere. This renowned event attracted a diverse crowd of over 45,000 participants, including both domestic and international runners, ambassadors, and veteran athletes. Beyond its athletic allure, the Ethiopian Great Run has evolved into a significant platform for

November 19, 2023 • By Addis Insight

Ethiopian War

School and Civilians Targeted: UN Condemns Deadly Drone Strikes in Ethiopia’s Amhara

The United Nations Office of High Commissioner for Human Rights (OHCHR) recently reported that drone strikes by Ethiopian forces in the Amhara region have killed at least 20 civilians. The targeted areas included a school and a bus station, heightening concerns over human rights violations during the ongoing conflict. These strikes occurred amidst rising tensions

November 18, 2023 • By Addis Insight

Entertainment & Arts

Ethiopian-American Artist Julie Mehretu Sets New Auction Record with $10.7m Sale

Julie Mehretu, an acclaimed Ethiopian-born artist based in the US, has made headlines again by setting a new record for the highest auction sale price for a work by an African-born artist. Her abstract creation, “Walkers With the Dawn and Morning,” achieved an impressive $10.7 million (£8.6 million) at a Sotheby’s auction in New York.

November 17, 2023 • By Addis Insight

Entertainment & Arts

Ethiopia’s Music Industry Gets a Boost with Universal Music Group-Sewasew Partnership

Universal Music Group (UMG), a world leader in music-based entertainment, has recently entered into a landmark distribution agreement with Ethiopia’s Sewasew Multimedia, reinforcing its commitment to the African music market. This partnership designates Sewasew Multimedia as the primary distributor and marketer for UMG’s extensive music catalog in Ethiopia. This includes music from internationally recognized UMG

November 16, 2023 • By Addis Insight

Business

Ethiopian Airlines Boosts Fleet with Additional 11 Airbus A350s, Strengthening Its Market Dominance

Dubai, November 15, 2023 – Ethiopian Airlines Group, the leading carrier of Ethiopia, has enhanced its fleet capabilities by signing a memorandum of understanding (MoU) for 11 more Airbus A350-900 aircraft. This agreement, announced at the Dubai Airshow, boosts Ethiopian Airlines’ total Airbus A350 orders and commitments to 33, including four A350-1000s, solidifying its status

November 16, 2023 • By Addis Insight