Business

NBE unsuspended Cashgo & Mama’s Pay Remittance Apps

Digital remittance applications that have been suspended for almost 3 months by order of the National Bank are about to be launched. Apps Cashgo and Mama Pay, which are operated by the Bank of Abyssinia, have been suspended due to non-compliance. “Cashgo” is produced by Solgett, and Mama Pays is produced by Bell Cash. Sources

June 2, 2022 • By Addis Insight

Business

Ethiopian Airlines Increases Presence in India, Expands Cargo Fleet

On July 2, Ethiopian Airlines will commence twice-weekly flight operations to Chennai, India — which will join the vast Ethiopian network as the fourth destination in India after New Delhi, Mumbai, and Bengaluru, India. Ethiopian started its service to India with a debut flight to New Delhi in 1966 — just 20 years after the

June 1, 2022 • By Addis Insight

Business

Ethiopia to receive $200 million financial assistance from World Bank: official

Ethiopia is set to receive 200 million U.S. dollars in financial assistance from the World Bank, an Ethiopian official said Wednesday. “The funds will be used to build skilled manpower and boost the capacity of state-owned technical and vocational training institutes,” Ethiopian Minister of Labor and Skills Development Muferiat Kamil said in a Facebook post.

June 1, 2022 • By Addis Insight

Ethiopian War

US Appoints Mike Hammer as Special Envoy for the Horn of Africa

As Ambassador David Satterfield prepares to step down from the role, I am announcing that Ambassador Mike Hammer will succeed him as U.S. Special Envoy for the Horn of Africa. I am grateful to Ambassador Satterfield for the experience and determination he brought to the role, and I look forward to the energy and vision

June 1, 2022 • By Addis Insight

Business

Ethiopian to connect Washington with Lomé, Togo

Ethiopian Airlines has announced it will commence thrice-weekly passenger service to Washington Dulles via Lomé, Togo as of today, June 1, 2022. The new flight increases the frequency of Ethiopian Airlines’ flights to Washington DC to 10 from the existing seven weekly flights it operates via Dublin. The new flight is operated with Boeing 787-8

June 1, 2022 • By Addis Insight

Culture

A Little Heaven out of the Busy Addis Streets

From the bust street to the stresses of the day, Addis Ababa can be a place of great opportunity but a little inn of havoc too. The ዋሕዚ of endless number of people down the road to the shouting and yelling of the shoppers and little children, the city could be too much to handle

May 31, 2022 • By Addis Insight

Ethiopian War

Former Nigerian President Olisengo Obasanjo met with Tigray regional President Dr  Debretsion G / Michael

TPLF spokesman Getachew Reda,  stated that the former Nigerian president Olisengo Obasanjo has met with Tigray regional President Dr  Debretsion G / Michael. The spokesman shared the information via his Twitter page. According to Getachew “Debretsion G / Michael accepted the African Union’s special envoy Obasanjo to discuss regional peace & security” &  did not

May 31, 2022 • By Addis Insight

Business

Coca-Cola Beverages Inaugurates a 100 million USD bottling plant at Sebeta

Sebeta, Ethiopia, May 31 – A new US$100 million Coca-Cola bottling plant at Sebeta in Ethiopia is set to unlock export opportunities, increase local production and ease foreign exchange constraints as it adds 500 employees to the workforce of Coca-Cola Beverages Africa (CCBA) in the country. The inauguration of the Sebeta Dima Coca-Cola factory was attended

May 31, 2022 • By Addis Insight

News

Tigray forces clashed with neighboring Eritrean

Tigray forces have clashed with neighboring Eritrean forces in the past two days, Getachew Reda said.   An offensive launched by Eritrea’s 57th and 21st divisions on the 24th of May was thwarted and the units deployed by the Isaias regime decimated after a successful counteroffensive by our forces around AdiAwalla, Tigray. A brigade commander,

May 30, 2022 • By Addis Insight

Business

CBE lost 1 billion birr due to fraud

According to a new survey conducted by the Ministry of Justice, banks have lost 1.8 billion birr due to fraud in the last four years. The results of the new study were unveiled during an event now taking place at the Sheraton Addis Hotel. It disclosed that 50.7 percent of the looting took place at

May 30, 2022 • By Addis Insight