Business

Ethiopia Moves to Unlock Potash Wealth as Ethiopian Investment Holdings Signs Mining Deal

Addis Ababa — Ethiopia has taken a new step toward developing its mineral resources after Ethiopian Investment Holdings (EIH) signed a potash mining agreement with the Ministry of Mines (Ethiopia), a move officials say could help transform the country into a significant player in the global fertilizer supply chain. The agreement was signed by Brook

March 13, 2026 • By Addis Insight

Business

Prime Minister Abiy Ahmed Arrives in UAE for Working Visit

Prime Minister Abiy Ahmed (Dr.) has arrived in the United Arab Emirates for a working visit, according to an announcement from the Prime Minister’s Office on Thursday. During the visit, Abiy is expected to hold talks with senior UAE officials on bilateral relations and other issues of mutual interest. The trip comes shortly after the

March 12, 2026 • By Addis Insight

Business

Ethiopia Introduces New Immigration Fees, Launches $10,000 Golden Visa

Ethiopia has approved a sweeping revision of immigration and citizenship service fees, introducing a new 10-year Golden Visa priced at $10,000 and sharply increasing charges for several premium passport and residency services. The new regulation, endorsed by the Council of Ministers, will take effect once it is published in the Negarit Gazette. Officials say the

March 11, 2026 • By Addis Insight

Business

Fuel Prices Raised Across Ethiopia as Government Responds to Higher Global Oil Costs

Ethiopia has increased fuel prices nationwide, with retail rates for key petroleum products rising by as much as 10 birr per liter effective March 10, 2026, according to a directive issued by the Ministry of Trade and Regional Integration. Under the new pricing structure, white diesel rose by 10 birr to 139.84 birr per liter,

March 11, 2026 • By Addis Insight

Business

Ethiopia’s Hotel Pipeline Nears 6,000 Rooms as COP32 Preparations Gain Pace

Ethiopia is emerging as one of Africa’s most active hotel development markets, with nearly 80 percent of its pipeline rooms already under construction, the highest ratio on the continent, as the country accelerates preparations to host the COP32 climate conference in 2027. According to the 2026 Hotel Chain Development Pipelines in Africa report by W

March 11, 2026 • By Addis Insight

Business

MIDROC Investment Group Begins Demolition and Redevelopment of Millennium Hall

MIDROC Investment Group has begun demolition and redevelopment work on Millennium Hall, one of Ethiopia’s most prominent venues for major national and international events over the past 18 years. The project involves a major restoration and expansion of the facility as part of Ethiopia’s preparations for the 32nd Conference of the Parties on Climate Change

March 10, 2026 • By Addis Insight

Business

MIDROC Posts 66 Billion Birr in Six-Month Sales as Profit Jumps 95%

MIDROC Investment Group reported total sales of 65.99 billion birr in the first half of the 2025/26 fiscal year, exceeding its target and recording a 71 percent increase compared to the same period last year, according to a statement from the conglomerate. The group reviewed its half-year performance at the Sheraton Addis, a Luxury Collection

March 10, 2026 • By Addis Insight

Business

Ethiopian Airlines Reaches 95 Female Pilots Ahead of International Women’s Day

Ethiopian Airlines to Operate Eight Women-Led Flights for International Women’s Day Ethiopian Airlines will operate eight special flights staffed entirely by women to mark International Women’s Day on March 8, the airline announced. The flights will depart simultaneously to several international and domestic destinations, including Cairo, Djibouti, Nairobi, Frankfurt, Accra, Mumbai, Windhoek, and Dire Dawa.

March 7, 2026 • By Addis Insight

Business

Uganda Airlines Leases Ethiopian Airlines Boeing 787 to Protect London Gatwick Slots

Uganda Airlines has secured a Boeing 787-8 Dreamliner from Ethiopian Airlines under a short-term wet lease agreement to restore its disrupted long-haul operations and protect valuable landing slots at London Gatwick Airport, following the grounding of its entire Airbus A330-800neo fleet due to unscheduled maintenance. The aircraft, registered ET-ASI, will be operated by a 43-member

March 6, 2026 • By Addis Insight

Business

Ethiopia’s Securities Exchange Launches ‘Neway’ Trading App to Broaden Investor Access

Ethiopia’s nascent capital market took another step toward digitalization as the Ethiopian Securities Exchange launched its first web and mobile trading platform, “Neway,” aimed at expanding public access to the country’s emerging securities market. The platform, developed through a partnership with technology provider Infotech Private Limited, integrates directly with the Exchange’s Broker Back Office and

March 6, 2026 • By Addis Insight