Business

ETHIOPIA: A NEW COMMERCIAL CODE

 Investors looking to enter the Ethiopian market or deepen their presence should seek to familiarise themselves with some recent legislative changes of the country’s commercial law that are set to significantly alter the legal landscape for both local and international players. Chief among those is the new commercial code (the “NCC”), approved by the House

February 21, 2023 • By Addis Insight

Business

Ethiopia Proposing $150 Million License Fee For M-Pesa and Other Mobile Operators

The National Bank of Ethiopia, the country’s industry regulator is proposing a $150 million license fee from M-Pesa and other mobile operators who want to set up shop in the country. In a draft proposal signed by Solomon Damtew, the Payment and Settlement System Director at the National Bank of Ethiopia, the regulator is referring to the $150 million fee as an

February 20, 2023 • By Addis Insight

Politics

Ethiopian Orthodox Church Condemns Violation of Agreement and Canon, Urges Unity”

The Ethiopian Orthodox Tewahedo Church has issued a statement indicating that an agreement made by the fathers a few days ago has been violated, along with the canon. The Holy Synod office released a statement regarding the matter today. Abune Abraham, speaking to his followers, reminded them that peace had been declared just two days

February 17, 2023 • By Addis Insight

Uncategorized

From Water Shortage to Bloodshed: Wolkite Residents Mourn Lives Lost in Crackdown

Residents of Wolkite, the administrative capital of the Gurage zone in the Southern Nations, Nationalities, and Peoples (SNNP) region of Ethiopia, are reeling from a violent crackdown by security forces that have left at least six people dead and more than 15 seriously injured. The protesters had taken to the streets to demonstrate against a

February 17, 2023 • By Addis Insight

News

Travelers from Amhara Region Blocked from Entering Addis Ababa

Amid growing tensions in Ethiopia, travelers from the Amhara region are reporting that they are being prevented from entering the capital, Addis Ababa. Passengers traveling from different areas of the Amhara region via Wolo and Gojam routes have been stopped and turned away at the city of Sheno in the Oromia region. The travelers have

February 15, 2023 • By Addis Insight

Politics

The Persecution of Ethiopian Orthodox Church Followers: A Comparison to Jewish Persecution Throughout History

The persecution of the Ethiopian Orthodox Tewahedo Church draws comparisons to the persecution of the Jewish people. Both groups have been targeted by authorities for their religious beliefs and have been subject to human rights abuses. The use of disproportionate force and the arrest of individuals without due process are common threads that run through

February 15, 2023 • By Addis Insight

Politics

GPE strongly condemns the targeting of religious institutions by the government in Ethiopia

Genocide Prevention in Ethiopia has received credible information that the ruling Prosperity Party is escalating violent attacks on civilians massacring more than forty (40) laity and two clergymen to date while arresting several hundreds of peaceful worshipers, and clergymen, exasperating an already volatile situation. The illegal detention of the faithful has continued right until we

February 15, 2023 • By Addis Insight

Business

Yemeni Airlines Resumes Flights to Addis Ababa After Years of Interruption

Yemeni Airlines launched on Wednesday, February 15, its flights to Addis Ababa, after an interruption that has lasted for several years. Yemeni will have its flights every Wednesday and Friday of every week, within the framework of its itinerary and airlines. The reopening of Yemeni flights to Addis Ababa comes among the successes, achievements, understandings,

February 15, 2023 • By Addis Insight

Politics

Ethiopian Orthodox Church Concerned Over Abduction of Journalist Deacon Yosef by Government Forces

The Ethiopian government’s interference in religious affairs and media censorship continues to be a concern for citizens and rights groups. The recent abduction of journalist Deacon Yosef Ketema by government security forces has raised questions about the government’s commitment to protecting the rights of its citizens. The Ethiopian Orthodox Tewahedo Church has been vocal in

February 14, 2023 • By Addis Insight

Business

Introduction of Capital Market to Ethiopia

Yinebeb Bahru In December 2020 Ethiopia’s Council of Ministers approved a draft law that would enable the capital market. The draft was prepared by the National Bank of Ethiopia, the draft provides the legal framework for the formulation of the capital market, It’s very important for Ethiopia’s economic growth by increasing capital mobilization, financial innovation,

February 14, 2023 • By Addis Insight