News

Ethiopian Coffee and Tea Authority scored 907.04 million in Forex

Ethiopian Coffee and Tea Authority reported having gained 907.04 million dollars in forex for the current fiscal year.  The forex rate increased 77 pc more than anticipated in the current fiscal year, Ethiopian Coffee and Tea Authority exported 248,311.66 tons, an increase of 80 pc more than intended. In 2009, the exported coffee brought forth

July 15, 2021 • By Addis Insight

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Commercial bank of Ethiopia Digitizing Legal Documents

The country’s giant commercial bank of Ethiopia (CBE) signed a memorandum of understanding with the Federal Document Authentication and Registration Agency (FDARA) regarding an online system that enables fast assurance of the power of attorney documents.  Ato  Kidane Mengesha. A/Chief International Banking Officer stated, “ the bank has over 31 million customers, and a great amount

July 13, 2021 • By Addis Insight

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Obituary: Abebech Gobena (1938-2021),unprecedented Humanitarian

On Sunday, July 4th, 2021, Abebech Gobena, a humanitarian and a fierce woman, passed away at the age of 83.  Abebech Gobena was born in 1938 in a small rural village in Showa province called Shebel. After her father’s death during the second Ethio-Italian war, she was raised by her grandparents until the age of

July 12, 2021 • By Addis Insight

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At the top of the ladder : Awash Bank’s annual growth of 5.58 billion Br

For the past five consecutive years, Awash banks have been on top of private banks sharply increasing its performance in major banking areas. The bank finalized its 2020/21 fiscal year increasing its annual growth profiting 5.58 billion Br.  The bank managed to open 100 new branches summing up to 566 total branches all over the

July 7, 2021 • By Addis Insight

Feature

Students stuck in war zone

The war in Tigray, the northernmost region of Ethiopia, is ostensibly about political control actively continuing for eight-month. When the Ethiopian government withdrew forces from the region on Monday following what the government described as a “unilateral ceasefire,”. Thousands of students from different parts of Ethiopia attend university education in the Tigray region of Ethiopia.

July 6, 2021 • By Addis Insight

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Paradox of voting: Does your vote matter?

We live in an era of consumerism in the context of politics, a logical result of mass democracy.  At age, the relationship between the government and the people is more intimate. The ideology of consumption value where many people enjoy political participation for its own sake.  Nevertheless, the question of the rationality of voting never

July 5, 2021 • By Addis Insight

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Illusion of Transparency: Ethiopia’s Election

With the defeat of the Marxist military dictatorship of the Derg, Ethiopia entered a new era, full of democratic promises. But after witnessing the context of Ethiopia’s General Elections tells us the apple does not fall too far from the tree. since 1995, speculating the outcomes of the designed delusion is a long approach to

June 28, 2021 • By Addis Insight

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Old food find a new audience in Addis

Noodles are eaten all over the world. Sometimes they’re sweet, sometimes spicy. It has been around for centuries, and a lot of people might associate their origins with Chinese or Italian dishes, but they’ve made their mark in tons of countries. However, one of the biggest changes the market has seen in Addis has been

June 19, 2021 • By Addis Insight

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Continent’s First Pan-African Freelance Talent Marketplace is Born, Gebeya Inc.

Gebeya Inc. the Pan-African source for freelance professional talent, announced the launch of its revamped marketplace, the first of its kind in terms of reach in Africa. Before investment, Gebeya operated mostly a manual non-scalable marketplace model. Gebeya raised a $2M seed investment in Feb 2020, co-led by Partech and Orange Ventures and followed by

June 16, 2021 • By Addis Insight

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Prospects of The Future: Telebirr and Banks

what if anyone owning a cell phone, whether rich or poor, also had access to financial services with the ability to save and send money safely, no matter where they are located?   it is already happening in Ethiopia, which has become part of the giant Ethio telecom company. Mobile money is an electronic wallet service.

June 10, 2021 • By Addis Insight