Business

Importers Face Delays and Risks in Ethiopia’s New Forex Regime

Floating Exchange Rate Sparks Concerns Over Exchange Rate Risk in Ethiopia Ethiopia has recently launched a comprehensive macroeconomic reform program to tackle long-standing economic challenges and transition to a more stable and competitive economy. A central aspect of this reform is the adoption of a Floating Exchange Rate System, intended to address foreign exchange distortions.

November 20, 2024 • By Addis Insight

Business

Ethio Telecom Launches Digital ID Printing Service

Addis Ababa, November 10, 2017 (FBC) – Ethio Telecom has introduced a new service enabling the printing of National Digital IDs, making it more convenient for customers to access their identification cards. This innovative service allows customers to submit their ID print requests online through the Telebirr SuperApp or the official website https://teleprint.fayda.et/. Once the

November 19, 2024 • By Addis Insight

Society

Betrayed on Every Front: How the Law, Society, and Police Failed Tsega Belachew

“I was surrounded by people, yet everyone was cruel to me”Nine Days of AbductionTsega BelachewMay 2015 The abduction of Tsega was a crime that outraged many and became a topic of public discussion. Tsega spoke to the BBC for the first time about her harrowing experience, a year after the incident. As she recalled those

November 19, 2024 • By Addis Insight

Entertainment & Arts

EBC Announces Premiere of Fikir Eske Mekabir Following Court Decision

Addis Ababa (EBC) – The Ethiopian Broadcasting Corporation (EBC) has announced the upcoming premiere of the much-anticipated movie adaptation of Fikir Eske Mekabir following the resolution of a legal dispute. EBC, as part of its ongoing reforms aimed at informing, educating, and entertaining the public, secured the rights to adapt the iconic literary work Fikir

November 19, 2024 • By Addis Insight

Entertainment & Arts

Ejigayehu “Gigi” Shibabaw Joins Global Musical Legends in Epic Gladiator 2 Score

Renowned Ethiopian singer Ejigayehu Shibabaw, professionally known as Gigi, is among the diverse group of vocalists featured on the recently released Gladiator 2 soundtrack. Composed by Harry Gregson-Williams, the music continues the epic legacy of the original Gladiator score by Hans Zimmer and Lisa Gerrard, blending historical authenticity with a modern global sound. Gigi, celebrated

November 19, 2024 • By Addis Insight

Business

Merkato Shuts Down Amid Disputes Over Receipt-Based Trading Requirements

Addis Ababa, Ethiopia – Merkato, the largest commercial hub in Addis Ababa, has seen a significant disruption in its trading activities as a majority of shops remain closed for over a week. Traders have shut down their businesses in protest against the mandatory implementation of a receipt-based transaction system, sparking debates between merchants and government

November 18, 2024 • By Addis Insight

Business

Ethiopian Airlines Faces Setbacks Due to Boeing Strike but Remains Optimistic About Growth

Addis Ababa, Ethiopia — Ethiopian Airlines CEO Mesfin Tasew has expressed concerns over the impact of Boeing’s recent seven-week machinist strike on the carrier’s growth ambitions. The production halt of the 737 MAX and 777 aircraft during the strike has delayed deliveries of key aircraft Ethiopian Airlines has on order, further complicating the airline’s fleet

November 18, 2024 • By Addis Insight

Society

Education Cannot Wait Announces US$24 Million Catalytic Multi-Year Resilience Programme Grant in Ethiopia,

With nearly 8 million children out of school due to emergencies alone, ECW calls of donors to urgently increase funding for life-saving quality education in Ethiopia. Save the Children and a consortium of international and local partners will deliver the three-year programme in coordination with the Government of Ethiopia. Education Cannot Wait (ECW) and its

November 18, 2024 • By Addis Insight

Entertainment & Arts

From Directions to Connections: How Konta’s TikTok Fame Is Redefining Ethiopian Marketing

Viral by Chance, Famous by Choice: The Rise of Ethiopia’s Unintentional TikTok Superstars Why focus only on the negatives of social media when it has the power to rewrite lives in the most unexpected ways? Currently, people who have never owned a smartphone or heard of hashtags are becoming unlikely stars after their unplanned moments

November 16, 2024 • By Addis Insight

Business

Residents Ordered to Leave Bishoftu Amid Land Leases to Emirati Investors

In an effort to position the city as an “East African tourism center,” reports have emerged that significant portions of land in Bishoftu are being leased to investors from the United Arab Emirates. Residents say they have been instructed to vacate their properties within a week. “We have heard that up to 80 percent of

November 16, 2024 • By Addis Insight