Business

Ethiopian Airlines Launches New Passenger Service to Port Sudan

Addis Ababa, 15 October 2024 – Ethiopian Airlines, Africa’s largest airline and a leading global carrier, has officially commenced its new passenger service to Port Sudan, marking an expansion of its extensive African network. The inaugural flight departed from Addis Ababa’s Bole International Airport today, following a ceremony attended by officials from the Republic of

October 16, 2024 • By Addis Insight

Business

Arkebe Oqubay Co-Edits Oxford Handbook on Greening Economic Development, Scheduled for Release in May 2025

Ethiopian policymaker and scholar Arkebe Oqubay is co-editing a significant new volume, The Greening of Economic Development: A Global Industrial Revolution, scheduled for release on May 15, 2025. Co-edited with John A. Mathews, the book offers a comprehensive exploration of how economic growth can align with environmental sustainability, focusing on renewable energy, circular resource flows,

October 16, 2024 • By Addis Insight

Uncategorized

Addis Ababa’s Public Transport Fare Revision with New Rates

The Addis Ababa City Transport Office has announced a revised public transport fare, effective October 16, 2024. The new fares cover mini-buses, midi-bus taxis, and city buses providing services within the city. The revision considers the current retail fuel price and administrative costs. The new fare structure is as follows: Mini-buses and midi-buses: Up to

October 15, 2024 • By Addis Insight

Uncategorized

The Difference Between the Purchase and Sale of Foreign Currency Should Not Exceed Two Percent

October 5, 2017 (Ahadu Radio) — The National Bank of Ethiopia (NBE) has reinforced that the difference between the rates at which commercial banks buy and sell foreign currency must not exceed two percent. This measure aims to narrow the gap between these rates in line with international standards. In a letter addressed to commercial

October 15, 2024 • By Addis Insight

Opinion

Analysis: Following the Terrible Results of Ethiopian Secondary School Leaving Exam in 3 Consecutive Years, What Measures should be taken to Improve Educational Quality?

According to World Bank, education is a basic human right, a dominant tool of development, and one of the most powerful strategies used to reduce poverty, promote public services like health and achieve sustainable peace, stability and gender equality. In the employment market, every additional year of schooling led to 90% increment of hourly earnings.

October 15, 2024 • By Addis Insight

Tech

Meta and Ethio Telecom to Offer Free Meta-Facebook Access Without Mobile Balance for a Limited Time

Meta Platforms to Launch Flagship Program in Partnership with Ethio Telecom Addis Ababa, October 14, 2024 – Ethio telecom has announced a significant partnership with Meta Platforms (formerly Facebook), marking a major milestone in Ethiopia’s digital service sector. During a strategic meeting between Frehiwot Tamru, CEO of Ethio telecom, and Vikas Menon, Director of Business

October 14, 2024 • By Addis Insight

Business

From Kenya to Ethiopia: M-PESA Enhances Mobile Money Transactions

M-PESA Kenya has extended its mobile money services to Ethiopia, enabling seamless transactions between the two countries via M-PESA Global. This initiative is designed to increase mobile money adoption in Ethiopia, stimulate the local economy, and create new opportunities for both individuals and businesses. “This collaboration supports our commitment to providing innovative financial solutions tailored

October 14, 2024 • By Addis Insight

Culture

A Farewell in Tears: The Impact of Corridor Demolition on Gebi Gebriel Church and Its Community

This past Friday, the historic Gebi Gebriel Church in the heart of Addis Ababa’s Kasanchiz area became the setting for an emotional farewell unlike any it had ever seen. Followers, many of whom had grown up attending the church, gathered for a final service before they would be forced to leave their homes due to

October 14, 2024 • By Addis Insight

Business

Why Ethiopian Import and Export Traders Are Reluctant to Take Dollars from Banks Despite Cash Availability at Lower Rates

Despite a recent foreign exchange reform by the National Bank of Ethiopia (NBE) and substantial dollar allocations by the Commercial Bank of Ethiopia (CBE), Ethiopian import and export traders remain reluctant to access foreign currency from banks. Between July 22, 2024, and September 30, 2024, CBE distributed over USD 282 million across various sectors, yet

October 14, 2024 • By Addis Insight

Business

Ethio Telecom to Offer 10% Stake to Local Investors via TeleBirr App

Ethio Telecom, the state-owned telecommunications company, has been granted a broker license by the Capital Markets Authority of Ethiopia, enabling the company to sell 10% of its stake directly to local investors through its TeleBirr application. This initiative marks a shift from the previously planned method of selling shares through the Ethiopian Securities Market. According

October 13, 2024 • By Addis Insight