Africa News

Djibouti’s Mahmoud Ali Youssouf Elected as New African Union Commission Chairperson

Addis Ababa, Ethiopia – February 2025 – Mahmoud Ali Youssouf, Djibouti’s long-serving Foreign Minister, has been elected as the new Chairperson of the African Union Commission (AUC) after a closely contested election at the 38th Ordinary Summit of the African Union (AU) in Addis Ababa. His victory, secured with 33 votes in the final round,

February 15, 2025 • By Addis Insight

Uncategorized

Aliko Dangote Announces Major Expansion and New Investments in Ethiopia

Addis Ababa, Ethiopia – February 15, 2025 – Dangote Group, Africa’s leading industrial conglomerate, and Ethiopian Investment Holdings (EIH) have unveiled a major expansion plan, reinforcing Ethiopia’s position as a premier investment destination in Africa. Speaking about the new investments, Aliko Dangote, Chairman and CEO of Dangote Group, stated: “I am always happy to come

February 15, 2025 • By Addis Insight

Business

Ethiopian Airlines Transports 50 Million Flower Stems for Valentine’s Season

Ethiopian Cargo and Logistics Service has successfully transported an impressive 50 million stems of flowers, amounting to 4,200 tons, in preparation for the Valentine’s season. As one of the world’s leading air cargo operators, Ethiopian Cargo plays a crucial role in the global flower supply chain, ensuring that fresh blooms reach markets across different continents

February 15, 2025 • By Addis Insight

Society

UAE Government Provides $60 Million in Support for Blind Education in Ethiopia

The government of the United Arab Emirates (UAE) has announced a $60 million initiative to support the development of education infrastructure for the blind in Ethiopia. The announcement was made today, February 8, 2017. This support was provided under the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE. The

February 15, 2025 • By Addis Insight

Uncategorized

Ethiopia’s Strongest Recent M6.0 Quake Hits Near Fentale & Awash

A strong and shallow earthquake, registered by the USGS as a magnitude 6.0 (M6.0), struck near Fentale volcano, Ethiopia, at 20:28 UTC (23:28 local time) on February 14, 2025. The agency reported a depth of 10 km (6.2 miles), with the European-Mediterranean Seismological Centre (EMSC) confirming the same magnitude and depth. The earthquake’s epicenter was

February 15, 2025 • By Addis Insight

Business

MIDROC Investment Group Breaks Ground on 2.6 Billion Birr Luxury Resort in Hawassa

Hawassa is set to welcome a new era of luxury and hospitality as MIDROC Investment Group officially begins construction on its latest landmark project—a 2.6 billion birr resort that promises to redefine tourism in the city. A Grand Vision Takes Shape The highly anticipated resort, Four Points by Sheraton Hawassa, is being developed on a

February 14, 2025 • By Addis Insight

Business

Ethiopia’s Inflation Declines as Exports and Foreign Exchange Flows Increase

Addis Ababa, Ethiopia – Ethiopia’s economic landscape is undergoing significant changes, with inflation rates reaching a five-year low, exports witnessing record growth, and foreign exchange availability improving. The latest data from the National Bank of Ethiopia (NBE) and the Ethiopian Statistical Service indicate a shift in key economic indicators, reflecting ongoing policy adjustments and market

February 14, 2025 • By Addis Insight

Business

Ethiopia’s Gold Exports Surge 735%, Foreign Currency Inflows Jump 23.3%

The National Bank of Ethiopia (NBE) has announced significant economic changes, with inflation dropping to 15.5% in January 2024, down from 29.4% a year ago—a 13.9 percentage point decline. Food inflation fell by 16.6 percentage points, while non-food inflation dropped by 10.2 percentage points. Meanwhile, Ethiopia’s export sector has reached record highs, with gold exports

February 13, 2025 • By Addis Insight

Business

Neb Bank Launches New Digital Payment Systems

Neb International Bank has officially launched its latest digital service applications, Neb Amber Pay and Neb Paystream, designed to streamline financial transactions and enhance payment convenience for customers. The launch event took place on February 5, 2017, at the bank’s headquarters. Speaking at the ceremony, Neb Bank CEO Ato Henok Kebede highlighted the significance of

February 13, 2025 • By Addis Insight

Uncategorized

National Digital Identity Program Launches Mobile App for Faida Digital ID Services

The National Digital Identity Program Office has officially launched a mobile application that integrates Faida digital identity services. Developed entirely in-house by the program office, the application is now available for public use on both Android and iOS platforms. In a statement, Ebenezer Feleke, Communications and Public Relations Officer of the National Digital Identity Program

February 13, 2025 • By Addis Insight