Politics

A Landmark Moment: Nile River Basin Commission Formed as CFA Takes Effect

The long-awaited Nile River Basin Cooperative Framework Agreement (CFA) has officially come into effect, paving the way for the establishment of the Nile River Basin Commission (NRBC). This marks a significant milestone in the efforts of Nile Basin countries to create a legal and institutional framework for the management and equitable use of the Nile

October 13, 2024 • By Addis Insight

Uncategorized

Ethiopia Considers Legalizing Sperm Donation: New Bill Proposes Assisted Reproductive Services

A significant development in Ethiopia’s healthcare landscape is currently unfolding, as a new bill has been submitted to the House of Representatives that could legalize sperm donation in the country. Titled the Health Care Administration and Control Bill, this twelve-part legislation covers a wide range of health services and includes provisions for technology-assisted reproductive medicine.

October 12, 2024 • By Addis Insight

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Ethiopia’s Black Market Hits 140 Birr to the Dollar: A Growing Crisis in Foreign Exchange

Ethiopia’s black market exchange rate for the US dollar has reached a critical milestone, crossing the 140 birr mark. This widening gap between the black market and the official rates presents serious challenges for the country’s economy, businesses, and consumers. As of mid-October 2024, while the official National Bank of Ethiopia (NBE) rate stands at

October 12, 2024 • By Addis Insight

Business

Ethiotelecom’s 10% Public Share Sale: A Turning Point for Ethiopia’s Telecom Market

Ethiotelecom, Ethiopia’s state-owned telecommunications giant, has announced plans to begin selling 10 percent of its shares to the public. This marks a historic moment in the company’s 130-year legacy of providing cutting-edge telecom services across the country. The sale, which is set to commence on Wednesday, October 23 , 2024, follows the government’s recent decision

October 12, 2024 • By Addis Insight

Business

Commercial Bank of Ethiopia Allocates Over USD 282 Million in Foreign Exchange After Major Reform

Commercial Bank of Ethiopia Allocates Over USD 282 Million in Foreign Exchange After Major Reform Addis Ababa, Ethiopia — July 22, 2016 Following the National Bank of Ethiopia’s (NBE) overhaul of the foreign exchange management system, the Commercial Bank of Ethiopia (CBE) has announced the distribution of over USD 282 million to various sectors between

October 11, 2024 • By Addis Insight

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Immigration and Citizenship Services Extend Passport Validity to 10 Years

October 1, 2017 – The Immigration, Citizenship, and Services Office has announced that the validity period of passports will be extended from five years to ten years. Previously, passports were valid for five years before requiring renewal. However, under the new system, set to take effect in one month, citizens who are 25 years or

October 11, 2024 • By Addis Insight

Business

Ethiopia to Introduce Mandatory Licensing for Real Estate Valuers, Enhancing Market Trust

Ethiopia is set to introduce a mandatory licensing system for real estate valuers as part of its new Real Estate Development and Immovable Property Transaction and Valuation Bill. The primary goal of this new regulation is to establish a more transparent, reliable, and professional property valuation process in the country. By ensuring that only certified

October 11, 2024 • By Addis Insight

Business

Proposed Bill Enforces 80% Completion Requirement for Real Estate Sales

Real estate developers who sell houses before construction begins must deposit the money they collect in a closed bank account. They are also prohibited from handing over houses to customers unless the construction is at least 80 percent complete. Bill Submission to the House of Representatives The bill was submitted to the House of Representatives

October 10, 2024 • By Addis Insight

Business

Ride Raises Fare to 130 Birr: How Fuel Reforms Impact Your Ride

Ride Transport Service has announced a price increase following the recent fuel and economic reforms. The service, which initially charged 100 Birr, has now increased to 130 Birr as of yesterday. Additionally, they stated that with the new price revision, there is also an increase of 1 Birr per kilometer. This price change follows the

October 10, 2024 • By Addis Insight

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Egyptian President al-Sisi Visits Eritrea Amid Rising Regional Tensions

Asmara, October 10, 2024 — Egyptian President Abdul Fattah al-Sisi has arrived in Eritrea at the invitation of President Isaias Afwerki. This visit comes as Egypt, Eritrea, and Somalia work toward establishing a tripartite military alliance, raising concerns about its impact on regional stability. The discussions are expected to focus on peace in the Horn

October 10, 2024 • By Addis Insight