Uncategorized

MIDROC Investment Group Launches Ethiopia’s Largest Coal Beneficiation Plant

ADDIS ABABA – MIDROC Investment Group has officially inaugurated its state-of-the-art coal processing facility in the Arjo area of the Oromia Region, marking a strategic shift in Ethiopia’s industrial energy sector. The ceremony was attended by high-ranking officials, including Prime Minister Abiy Ahmed and Oromia Regional President Shimelis Abdisa. Strategic Import Substitution In a move

February 18, 2026 • By Addis Insight

Business

Ethiopian Airlines to Launch Passenger Flights to Three New Domestic Airports by April

Addis Ababa — 18 February 2026 Ethiopian Airlines has announced plans to begin passenger services to three new domestic destinations—Negele Borena, Gore Metu, and Debre Markos—by mid-April 2026, following the inauguration of newly constructed airports in the towns. The carrier, Africa’s largest airline network operator, will operate three weekly flights to each destination. With the

February 18, 2026 • By Addis Insight

Uncategorized

Museveni Appoints Aviation Veteran Girma Wake as Interim CEO of Uganda Airlines

Ugandan President Yoweri Museveni has appointed former Ethiopian Airlines Group Chairman and Chief Executive Officer Girma Wake as interim CEO and advisor to Uganda Airlines, in a bid to stabilize the state-owned carrier amid leadership turmoil and mounting financial losses. The appointment follows the resignation of Jennifer Bamuturaki, who stepped down as CEO after a

February 17, 2026 • By Addis Insight

Business

A Structural Critique of Ethiopia’s 2026 FX Reforms

Kebour Ghenna On 11 February 2026, the National Bank of Ethiopia issued amendments that appear administrative on the surface but collectively rewire the country’s foreign exchange architecture. Examined structurally, each measure signals a deeper philosophical shift toward liberalization, decentralization, and capital mobility. If one were to assess these measures from a sovereignty-centered, anti-financialization perspective, the

February 16, 2026 • By Addis Insight

Business

AI Unipod Innovation Center Inaugurated in Addis Ababa

The AI Unipod Innovation Center, established through a partnership between the Ethiopian Artificial Intelligence Institute, Addis Ababa University, and the United Nations Development Programme (UNDP) under the Timbuktu Initiative, was officially inaugurated in Addis Ababa. Ethiopia’s Deputy Prime Minister, Temesgen Tiruneh, attended the event as guest of honor. Speaking at the ceremony, the Deputy Prime

February 16, 2026 • By Addis Insight

Business

Africa Bets on “Buy Local” Health Industry to Cut Import Bill and Build Strategic Power

ADDIS ABABA, Feb. 16, 2026 — African leaders have thrown their weight behind one of the continent’s most ambitious industrial projects in decades: building a domestic health-products industry large enough to supply most of Africa’s medicines, vaccines, diagnostics, and medical equipment within a generation. A declaration adopted on Feb. 14 on the sidelines of the

February 16, 2026 • By Addis Insight

Opinion

Redesigning Ethiopia’s Federal Future: The Middle Path Between Identity and Unity

By Tamrat Abera Ethiopia is not facing a crisis of diversity. It is facing a crisis of federal design. For more than three decades, the ethnic based federal system has structured political representation, identity, and governance. It gave long denied communities recognition, voice, and a sense of ownership in the state. That achievement should not

February 13, 2026 • By Addis Insight

Business

National Bank of Ethiopia Unveils Sweeping Amendments to Foreign Exchange Regulations

The National Bank of Ethiopia (NBE) has issued a comprehensive amendment to its Foreign Exchange Regulation (FXD/04/2026), introducing wide-ranging reforms aimed at liberalizing the country’s tightly controlled forex regime, improving liquidity, and easing foreign currency access for businesses, investors, and individuals. The new directive signals a continued shift toward gradual foreign exchange reform, with expanded

February 11, 2026 • By Addis Insight

Business

Aman Fissehazion, Founder and CEO of EBS Television, Passes Away

Addis Ababa — Aman Fissehazion, the Founder and Chief Executive Officer of EBS Television, has passed away. The prominent media entrepreneur had been receiving medical treatment after battling an illness. He died today, Yekatit 4, 2018 E.C. (February 12, 2026), according to an official statement released by the station. Aman Fissehazion was widely recognized as

February 11, 2026 • By Addis Insight

Business

Ethiopian Airlines Group posts $4.4 billion revenue in first half of FY2025/26

Ethiopian Airlines Group reported $4.4 billion in revenue during the first six months of the 2025/26 fiscal year, surpassing its internal target by 2 percent and marking a 14 percent year-on-year increase, underscoring the carrier’s continued expansion and resilience amid a volatile global aviation market. Chief Executive Officer Mesfin Tassew attributed the strong performance to

February 10, 2026 • By Addis Insight