Business

Ethiopia to Purchase Six Cargo Ships to Enhance Trade and Investment

Addis Ababa, February 27, 2017– Ethiopia is set to strengthen its maritime transport capacity with the acquisition of six new cargo ships, the Ethiopian Maritime Transport and Logistics (EMTL) has announced. The move is part of the country’s broader strategy to expand its logistics infrastructure and enhance trade efficiency. According to EMTL, two of the

March 6, 2025 • By Addis Insight

Entertainment & Arts

Affini: The First Ethiopian Film to be Screened TWICE at the New African Film Festival in the USA

Don’t miss the chance to see Affini on the big screen in the USA! Affini, the epic Ethiopian film, is making history as the first of its kind to be screened twice at the prestigious New African Film Festival (NAFF) in the USA. You’ll have the unique opportunity to experience this cultural gem on March

March 5, 2025 • By Addis Insight

Business

NBE’s Draft Directive Could Require Insurance Companies to Hold 40% More Capital

Ethiopia’s financial landscape is set to undergo significant changes as the National Bank of Ethiopia (NBE) proposes a new directive aimed at strengthening the capital adequacy framework for the country’s insurance industry. The draft directive, which could affects both local and reinsurance companies, is designed to bolster the financial resilience of these institutions amid growing

March 5, 2025 • By Addis Insight

Uncategorized

Ethiopian Railway Engineers Overhaul Fleet, Expanding Rail Capacity

In a significant milestone for Ethiopia’s railway sector, engineers at the Ethiopian Railway Corporation (EDR) have successfully restored and repaired the country’s locomotive and wagon fleet. This marks the first time in EDR’s history that Ethiopian engineers have independently carried out such an extensive maintenance operation, reducing reliance on foreign expertise. Speaking on the achievement,

March 5, 2025 • By Addis Insight

Business

Commercial Bank of Ethiopia Revises Loan Interest Rates

Addis Ababa, Ethiopia – March 4, 2025 – The Commercial Bank of Ethiopia (CBE) has announced adjustments to its loan interest rates, effective March 7, 2025. The changes are part of broader financial sector reforms aimed at aligning lending practices with market conditions, improving financial inclusion, and ensuring the long-term sustainability of Ethiopia’s banking industry.

March 4, 2025 • By Addis Insight

Culture

Savor: A Decade of Culinary Excellence, Resilience, and Innovation in Addis Ababa

From a Childhood Memory to a Culinary Institution Savor, one of Addis Ababa’s most respected restaurants, is more than just a place to eat—it is a story of resilience, nostalgia, and unwavering commitment to quality and innovation. Co-Founded a decade ago by Misgana Kebede and Bilen Aynu, who also serves as the General Manager, Savor

March 3, 2025 • By Addis Insight

Entertainment & Arts

One Night, One Song, One Legend: How Gigi Wrote ‘Adwa’ in 90 Minutes

When we listen to Gigi’s powerful anthem “Adwa,” we hear a song of pride, honor, and triumph—a celebration of Ethiopian history, freedom, and the spirit of the Ethiopian people. But what many don’t know is the fascinating backstory behind the creation of this iconic piece of music. How many of us realize that “Adwa” was

March 3, 2025 • By Addis Insight

Business

New International Convention Center in Addis Ababa Ready for Official Opening Today

Addis Ababa, Ethiopia – The grand opening of the New International Convention Center today marks a major milestone in Ethiopia’s efforts to establish itself as a premier destination for global business events, conferences, and exhibitions. Situated on 40 hectares of prime land, the center is designed to accommodate a diverse range of events, from corporate

March 1, 2025 • By Addis Insight

Culture

Adwa’s Warriors: Ethiopian Women Who Marched for Freedom Before March 8

Every year on March 8, the world celebrates International Women’s Day, a global recognition of the social, economic, cultural, and political achievements of women. While the day highlights women’s contributions across the world, it also serves as a call to action for gender equality. However, it is important to remember that Ethiopian women have been

March 1, 2025 • By Addis Insight

Politics

Ethiopia’s Asset Recovery Law: Security Officers Begin Abusing Power Before It’s Even Enforced

The introduction of the Asset Recovery Proclamation in Ethiopia represents a significant step in the country’s anti-corruption strategy. The goal is to recover assets gained through illicit means and deter further corrupt practices within both the public and private sectors. However, the law’s potential for misuse, particularly in terms of targeting political opponents, critics, and

March 1, 2025 • By Addis Insight