Business

Ethiopia’s Central Bank Holds Interest Rate at 15% as Inflation Cools and Economy Strengthens

Addis Ababa — Ethiopia’s central bank kept its benchmark interest rate unchanged at 15% and opted for only a cautious loosening of credit growth limits, signaling that policymakers remain focused on containing inflation even as the economy shows signs of broad-based strength. The Monetary Policy Committee (MPC) of the National Bank of Ethiopia (NBE), which

September 29, 2025 • By Addis Insight

Tech

The New OKX Interface – Explained Smoothly

So, OKX just rolled out a new interface, and honestly, it feels like they’ve made trading and exploring Web3 much easier. Let’s break it down together. Three Modes in One App Before, everything felt a bit packed into one screen. Now, OKX has split the platform into three modes, and you can choose whichever fits

September 29, 2025 • By Addis Insight

Business

Malaysia Reopens Embassy in Addis Ababa After 43 Years

Malaysia has officially re-established its diplomatic presence in Ethiopia, reopening its embassy in Addis Ababa after more than four decades of closure. The decision marks a significant step in strengthening political, economic, and cultural links between the two countries and underscores Malaysia’s growing interest in the African continent. Historic Closure and Reopening Malaysia’s Ministry of

September 29, 2025 • By Addis Insight

Business

Abyssinian Flight Launches First Tourist Charter to the Grand Ethiopian Renaissance Dam

Abyssinian Flight Services & Aviation Academy (AFS), one of Ethiopia’s leading private air charter operators, has inaugurated the first tourist charter flight to the Grand Ethiopian Renaissance Dam (GERD), positioning the iconic dam as a premier national tourism destination. The milestone flight, carrying Ethiopian-American diaspora visitors, took place on September 25, 2025, shortly after the

September 28, 2025 • By Addis Insight

Entertainment & Arts

The Enduring Reign of a Queen: Aster Awoke’s Living Legacy

A Night at Millennium Hall: The Legend in Real Time The Millennium Hall in Addis Ababa hums like an amplifier turned to eleven—half pilgrimage, half block party. Under its vast steel canopy, elders in white gabardine trade knowing smiles with Gen Z fans in neon sneakers. The smell of coffee and incense drifts through a

September 28, 2025 • By Addis Insight

Business

Ethiopia to Enforce 30% Tax on Petroleum Products in Current Fiscal Year

The Ministry of Finance has announced that it will fully implement a 30% tax on petroleum products during the current 2018 fiscal year. The tax comprises a 15% value-added tax (VAT) and a 15% excise duty. According to the ministry, this policy marks a significant shift in the country’s fiscal strategy and forms part of

September 28, 2025 • By Addis Insight

Uncategorized

Addis Ababa Opens Modern Children and Youth Theater and Cinema Complex

Addis Ababa, Ethiopia — Ethiopia’s capital has inaugurated what officials describe as the country’s first purpose-built Children and Youth Theater and Cinema Complex. The opening ceremony, attended by Deputy Prime Minister Temesgen Tiruneh, marked a new addition to the city’s cultural infrastructure. Modern Facility for Arts and Education The complex was designed specifically to host

September 28, 2025 • By Addis Insight

Entertainment & Arts

After 50 Years, Aster Awoke’s 2025 Millennium Hall Concert Shows Her Reign Endures

The Enduring Reign of a Queen: Aster Awoke’s Living Legacy A Night at Millennium Hall: The Legend in Real Time The Millennium Hall in Addis Ababa hums like an amplifier turned to eleven—half pilgrimage, half block party. Under its vast steel canopy, elders in white gabardine trade knowing smiles with Gen Z fans in neon

September 28, 2025 • By Addis Insight

Business

Commercial Bank of Ethiopia Strikes North America Remittance Deal With Ramad Pay

The Commercial Bank of Ethiopia (CBE), the country’s largest financial institution, has signed a memorandum of understanding (MoU) with Ramad Pay, a North America–based money transfer company, in a move designed to capture a larger share of Ethiopia’s fast-growing remittance market and bring more of those flows into formal channels. Tapping Into a Multi-Billion Dollar

September 27, 2025 • By Addis Insight

Business

Ethiopian Interbank Money Market Hits 1 Trillion Birr in Cumulative Trades

Addis Ababa — Ethiopia’s interbank money market has crossed a symbolic threshold, with cumulative trades surpassing 1 trillion birr less than a year after the platform’s launch. The milestone underscores the rapid evolution of the country’s nascent money markets and signals a deepening of financial-sector reforms. Rapid Growth Under a New Policy Regime Launched in

September 26, 2025 • By Addis Insight