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Author: Addis Insight

Addis Insight is Ethiopia’s fastest growing digital news platform, providing consumers with the latest news from Ethiopia and its diaspora. We provide marketers with innovative opportunities to leverage our stories and overall brand with a fiercely curious and highly engaged audience.
Ethiopian Airlines Earns $5.6 Billion in Revenue in Nine Months, Sets New Records in Passenger Growth and Expansion
Business

Ethiopian Airlines Earns $5.6 Billion in Revenue in Nine Months, Sets New Records in Passenger Growth and Expansion

Addis Ababa – May 2025 Ethiopian Airlines Group has reported a remarkable $5.6 billion in revenue over the past nine months, reflecting an 8% increase compared to the same period last year. The airline’s Chief Executive Officer, Mr. Mesfin Tasew, shared the performance update in an interview with the Ethiopian Broadcasting Corporation (EBC), highlighting the

May 27, 2025 • By Addis Insight
IMF Executive Board to Review Ethiopia’s $3.4 Billion Program This Summer Amid Economic Reform Push
Business

IMF Executive Board to Review Ethiopia’s $3.4 Billion Program This Summer Amid Economic Reform Push

Addis Ababa, Ethiopia – The International Monetary Fund (IMF) is expected to hold a crucial Executive Board meeting this summer to review the third installment of Ethiopia’s $3.4 billion Extended Credit Facility (ECF) and Extended Fund Facility (EFF) program, according to IMF spokesperson Julie Kozack. The meeting could unlock the disbursement of around $265 million,

May 26, 2025 • By Addis Insight
Ethiopian Cargo Welcomes 12th Boeing 777 Freighter, Strengthening Africa’s Largest Air Cargo Fleet
Uncategorized

Ethiopian Cargo Welcomes 12th Boeing 777 Freighter, Strengthening Africa’s Largest Air Cargo Fleet

Addis Ababa, May 23, 2025 — Ethiopian Airlines Group, Africa’s largest airline and aviation group, has officially taken delivery of its twelfth Boeing 777 Freighter aircraft, marking another significant milestone in its cargo and logistics expansion strategy. The aircraft landed at Bole International Airport today, joining the airline’s rapidly growing cargo fleet under its dedicated

May 24, 2025 • By Addis Insight
Abiy and Macron Forge Stronger Economic Ties as France Renews Commitment to Ethiopia’s Debt Relief and Investment Future
Business

Abiy and Macron Forge Stronger Economic Ties as France Renews Commitment to Ethiopia’s Debt Relief and Investment Future

PARIS – In a high-level diplomatic meeting held at the Élysée Palace, Ethiopian Prime Minister Dr. Abiy Ahmed and French President Emmanuel Macron reaffirmed their countries’ growing strategic partnership, with a renewed focus on deepening economic cooperation and accelerating Ethiopia’s debt relief process. The two leaders, accompanied by senior delegations, reviewed the progress of bilateral

May 23, 2025 • By Addis Insight
The Curious Case of Dr. Mahlet: Charged Without a Post
Health

The Curious Case of Dr. Mahlet: Charged Without a Post

Dr. Mahlet Guush Gebrewold and Eight Medical Professionals Appear in Court on Charges Related to Ongoing Health Sector Strike Addis Ababa, 21 May 2025 — Dr. Mahlet Guush Gebrewold appeared before the court today alongside eight other healthcare professionals following charges brought by the Federal Police. Authorities have accused the group of bearing collective responsibility

May 21, 2025 • By Addis Insight
Ethiopia’s Banking Crossroads: Risks of Foreign Bank Entry Amid Domestic Fragility
Business

Ethiopia’s Banking Crossroads: Risks of Foreign Bank Entry Amid Domestic Fragility

Why Rushing Liberalization Could Undermine Local Banks and Widen Economic Inequality By Henok Gidey (BA, MBA, ACCA, CFIP), Finance Specialist Addis Ababa — The Governor of the National Bank of Ethiopia (NBE) recently announced that foreign banks will be allowed to operate in Ethiopia starting next year. While this bold move is part of Ethiopia’s

May 21, 2025 • By Addis Insight
Ethiopia Sets $150K Minimum for Foreign Property Ownership, Bans Local Bank Loans
Business

Ethiopia Sets $150K Minimum for Foreign Property Ownership, Bans Local Bank Loans

A new draft proclamation has been submitted to Ethiopia’s House of People’s Representatives, setting out strict regulations on foreign ownership of real estate and land for residential construction. The proposed legislation seeks to attract foreign investment while protecting the domestic financial sector. Among its key provisions is a clause prohibiting foreign nationals and foreign-owned entities

May 20, 2025 • By Addis Insight
NBE Lifts Limit: Importers Can Now Make $50K Advance Payments
Business

NBE Lifts Limit: Importers Can Now Make $50K Advance Payments

The National Bank of Ethiopia Introduces New Measures to Reform the Foreign Exchange Market The National Bank of Ethiopia (NBE) has announced the implementation of several reform measures aimed at improving the country’s foreign exchange market system. These reforms are intended not only to align Ethiopia’s foreign exchange market with international best practices but also

May 20, 2025 • By Addis Insight
M-Pesa Lite Officially Launches in Ethiopia, Expanding Cross-Network Mobile Money Access
Business

M-Pesa Lite Officially Launches in Ethiopia, Expanding Cross-Network Mobile Money Access

Addis Ababa – May 19, 2025 — Ethiopia has reached a major milestone in digital finance with the official launch of M-Pesa Lite, a streamlined version of the popular mobile money platform designed to enhance accessibility and financial inclusion across the country. The newly released M-Pesa for All app is now compatible with both Safaricom

May 19, 2025 • By Addis Insight