Business

Illegal Forex Crackdown: Ethiopia Freezes Bank Accounts of 123 Suspects

Addis Ababa — September 9, 2018 (FMC) — Ethiopian authorities have intensified their fight against black-market currency trading, announcing the immediate freezing of bank accounts belonging to 123 individuals suspected of engaging in illegal foreign exchange activities. Financial Security Service Action The Financial Security Service (FSS) stated that it has suspended the financial operations of

September 19, 2025 • By Addis Insight

Business

Commercial Bank of Ethiopia to Temporarily Suspend Several Services for Scheduled System Upgrade

Addis Ababa — The Commercial Bank of Ethiopia (CBE) announced that it will carry out a scheduled system upgrade on Sunday, September 21, 2025, during which a range of digital and in-branch services will be temporarily unavailable. According to the bank’s statement, mobile banking, internet banking, ATM machines, POS (point-of-sale) terminals and core banking operations

September 19, 2025 • By Addis Insight

Business

Who Is Eyob Tekalign Tolina? Ethiopia’s New National Bank of Ethiopia Governor

Prime Minister Abiy Ahmed (PhD) has appointed Dr. Eyob Tekalign Tolina as the new Governor of the National Bank of Ethiopia (NBE). His appointment comes shortly after the resignation of Mamo Mihretu, who left the post in early September following nearly three years of service. Extensive Experience in Finance and Planning Before taking up the

September 19, 2025 • By Addis Insight

Business

Ethiopia’s Banking Apps 2025: Winners Ranked by Installs, Ratings & Reliability

Finance & technology Ethiopia’s Banking Apps 2025: Winners Ranked by Installs, Ratings & Reliability The quiet revolution in Ethiopian finance is not unfolding in boardrooms but in pockets. The nation’s money now travels by tap and QR code, and the contest is being fought on screens that fit the palm. The rules are simple and

September 19, 2025 • By Addis Insight

Business

Eyob Tekalign Appointed Governor of the National Bank of Ethiopia

Prime Minister Abiy Ahmed (PhD) has appointed Dr. Eyob Tekalign Tolina as Governor of the National Bank of Ethiopia (NBE). The appointment follows the resignation of Mamo Mihretu, who stepped down earlier this month after serving as governor since January 2023 Dr. Eyob Tekalign Tolina is a prominent Ethiopian economist and public servant who, until

September 19, 2025 • By Addis Insight

Business

Ethiopian In-Flight Catering Unveils 2026 Menu at Skylight Hotel Showcase

Addis Ababa — September 2025 — Ethiopian Airlines Group’s catering arm has unveiled its upcoming 2026 economy and business class menu at a high-profile showcase held at the Ethiopian Skylight Hotel. The exclusive event, designed to introduce the new culinary offerings and gather real-time feedback, brought together passengers, frequent flyers, and key aviation stakeholders for

September 19, 2025 • By Addis Insight

Business

Siinqee Bank Partners with MasterCard to Broaden Financial Inclusion

Addis Ababa, Ethiopia — Siinqee Bank has officially launched a new MasterCard service, marking a significant step in its strategy to expand financial inclusion and enhance international payment options for its customers. The launch follows the signing of a five-year strategic partnership with MasterCard, a deal that allows Sinqee Bank to issue MasterCard prepaid cards

September 17, 2025 • By Addis Insight

Business

How Ethiopians Can Join the OKX Africa Trading Sprint – 35,000 USDT in Prizes

OKX has launched the Africa Trading Sprint, a high-stakes competition running from September 15 to October 20, 2025, with a 35,000 USDT prize pool. Ethiopian traders have a clear path to participate and win. Important: You must tap “Join now” in the Campaign Center before depositing or trading, otherwise your activity won’t count toward the

September 16, 2025 • By Addis Insight

Business

Ethiopia Bets on a Mega Airport to Cement Its Role as Africa’s Aviation Hub

By Addis Ababa, September 6, 2018 Ethiopia is doubling down on its ambition to dominate Africa’s skies with a multibillion-dollar airport project that Finance Minister Ahmed Shide says will “accelerate economic growth and transform regional connectivity.” The new hub—planned in Bishoftu, about 40 kilometers southeast of Addis Ababa—marks the latest in a string of high-stakes

September 16, 2025 • By Addis Insight

Business

Minasse Haile (1930–2025): Ethiopia’s Scholar-Diplomat Who Bridged Empire and Exile

When Minasse Haile (ምናሴ ኃይሌ) died on September 11, 2025, Ethiopia lost one of the most cosmopolitan figures of its modern history—a man whose life threaded together imperial court politics, Cold War diplomacy, and the quiet rigors of American legal academia. He was ninety-five. For decades, Minasse embodied an ideal rare in any era: a

September 15, 2025 • By Addis Insight