Business

Ethiopia Inks Nuclear Deal With Russia in Energy Sovereignty Push

Ethiopia and Russia have signed a landmark action plan to begin constructing Ethiopia’s first nuclear power plant, a project poised to reshape the East African nation’s energy mix and reduce reliance on hydropower amid climate variability. Rosatom Director General Alexey Likhachev and Ethiopian Foreign Minister Gedion Timotheos signed the agreement in Moscow during a high-level

September 26, 2025 • By Addis Insight

Business

Ethiopia Unveils Record 1.93 Trillion Birr Citizens’ Budget to Power Post-War Recovery and Growth

Addis Ababa — Ethiopia’s Ministry of Finance has released a record-breaking 1.93 trillion birr ($33.7 billion) national budget for the Ethiopian Fiscal Year (EFY) 2018 (July 2025–June 2026), marking a bold pivot toward post-war reconstruction, macroeconomic reform, and long-term sustainable growth. The “Citizens’ Budget,” a simplified public-facing version of the official plan, aims to demystify

September 25, 2025 • By Addis Insight

Business

Ethiopia’s T-Bill Market Draws Heavy Bids as Finance Ministry Reforms Gain Traction

Addis Ababa — Ethiopia’s Treasury-bill market is attracting record investor interest after a series of debt-market reforms, signaling a new phase of domestic borrowing that could reduce the country’s reliance on external lenders. The Finance Ministry said it raised 111.1 billion birr ($1.9 billion) in the first two months of the 2025/26 fiscal year—exceeding a

September 25, 2025 • By Addis Insight

Business

Addis Ababa Police Announce Road Closures for Meskel Demera Festival

The Addis Ababa Police Headquarters has advised motorists to plan ahead and use alternative routes on Monday, September 16, as the city prepares for the annual Meskel Demera festival at Meskel Square. The Joint Security and Safety Task Force has completed preparations to ensure a safe and orderly celebration and will begin operations early Monday

September 25, 2025 • By Addis Insight

Business

Ethiopia’s Airbnb Dilemma: A Grey-Market Boom Waiting for a Digital Fix

Addis Ababa’s short-term rental market is primed for takeoff—if payments, policy, and power can catch up. Addis Ababa’s short-term rental (STR) scene sits at a strange crossroads. On paper, it has everything going for it: a pro-tourism policy agenda, a globally connected flag carrier and hub airport, and a large, motivated diaspora that flies home

September 25, 2025 • By Addis Insight

Business

Mikhail Egypteos: The Ethiopian Admiral Who Built Russia’s Deadliest Warships

Mikhail Milhailovich Egypteos was a pioneering Russian naval engineer of Ethiopian descent who became one of the most influential figures in the shipbuilding of the late Russian Empire and early Soviet Union. Overcoming societal barriers, he rose to the rank of Lieutenant General, designing revolutionary warships and playing a critical role in the modernization of

September 24, 2025 • By Addis Insight

Business

Spot Trading on OKX: A Beginner’s Guide to Real-Time Crypto

Let’s talk about Spot trading on OKX. If you’ve ever wondered how people actually buy and sell crypto in real time, this is the feature they’re using. It’s simple once you know your way around. Step 1: The Spot Page When you open the Spot trading page, you’ll see a lot of numbers and colors

September 23, 2025 • By Addis Insight

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Ethiopian Airlines Breaks New Ground With 18-Horse Live Cargo Delivery to China

September 22, 2025 A Precision Operation in the Skies On September 20, Ethiopian Airlines Cargo successfully transported 18 live horses to Guangzhou Baiyun International Airport, a complex mission that required months of planning and meticulous execution. This was the first live-horse shipment handled by the Chinese airport in five years, underscoring both the rarity and

September 22, 2025 • By Addis Insight

Business

Eleven Guardians of the Birr: Ethiopia’s Central Bank Governors Through Time

Introduction The history of a nation’s central bank is never merely a story about money. It is, more often than not, a mirror of the state itself—its political ideals, economic ambitions, and evolving place in the world. In Ethiopia, the trajectory of the National Bank and its precursor institutions provides a striking lens through which

September 22, 2025 • By Addis Insight

Business

Ethiopia’s Central Bank Chief Heads to China for Critical Debt Talks

Addis Ababa — Ethiopia has dispatched a high-level economic delegation to Beijing this week, led by Eyob Tekalign (PhD), the newly appointed governor of the National Bank of Ethiopia (NBE), to advance crucial debt restructuring negotiations and deepen the country’s economic partnership with China, state media reported. High-Stakes Mission to Beijing According to officials, the

September 22, 2025 • By Addis Insight