Business

AI Unipod Innovation Center Inaugurated in Addis Ababa

The AI Unipod Innovation Center, established through a partnership between the Ethiopian Artificial Intelligence Institute, Addis Ababa University, and the United Nations Development Programme (UNDP) under the Timbuktu Initiative, was officially inaugurated in Addis Ababa. Ethiopia’s Deputy Prime Minister, Temesgen Tiruneh, attended the event as guest of honor. Speaking at the ceremony, the Deputy Prime

February 16, 2026 • By Addis Insight

Business

Africa Bets on “Buy Local” Health Industry to Cut Import Bill and Build Strategic Power

ADDIS ABABA, Feb. 16, 2026 — African leaders have thrown their weight behind one of the continent’s most ambitious industrial projects in decades: building a domestic health-products industry large enough to supply most of Africa’s medicines, vaccines, diagnostics, and medical equipment within a generation. A declaration adopted on Feb. 14 on the sidelines of the

February 16, 2026 • By Addis Insight

Business

National Bank of Ethiopia Unveils Sweeping Amendments to Foreign Exchange Regulations

The National Bank of Ethiopia (NBE) has issued a comprehensive amendment to its Foreign Exchange Regulation (FXD/04/2026), introducing wide-ranging reforms aimed at liberalizing the country’s tightly controlled forex regime, improving liquidity, and easing foreign currency access for businesses, investors, and individuals. The new directive signals a continued shift toward gradual foreign exchange reform, with expanded

February 11, 2026 • By Addis Insight

Business

Aman Fissehazion, Founder and CEO of EBS Television, Passes Away

Addis Ababa — Aman Fissehazion, the Founder and Chief Executive Officer of EBS Television, has passed away. The prominent media entrepreneur had been receiving medical treatment after battling an illness. He died today, Yekatit 4, 2018 E.C. (February 12, 2026), according to an official statement released by the station. Aman Fissehazion was widely recognized as

February 11, 2026 • By Addis Insight

Business

Ethiopian Airlines Group posts $4.4 billion revenue in first half of FY2025/26

Ethiopian Airlines Group reported $4.4 billion in revenue during the first six months of the 2025/26 fiscal year, surpassing its internal target by 2 percent and marking a 14 percent year-on-year increase, underscoring the carrier’s continued expansion and resilience amid a volatile global aviation market. Chief Executive Officer Mesfin Tassew attributed the strong performance to

February 10, 2026 • By Addis Insight

Business

PM Abiy Ahmed Inaugurates Logo Lake Resort, Signaling Push to Expand Regional Tourism Infrastructure

ADDIS ABABA — Prime Minister Abiy Ahmed on Friday inaugurated Logo Lake Resort, a large-scale hospitality development in the Lake City area of the Amhara Region, underscoring the government’s efforts to position tourism as a driver of regional growth and post-conflict economic recovery. The resort, described by officials as part of the government’s “Gebeta Generation”

February 7, 2026 • By Addis Insight

Business

Ethiopian AI Scientist Appointed to UN’s First Global Scientific Panel on Artificial Intelligence

The United Nations has moved to appoint Ethiopian artificial intelligence expert Girmaw Abebe Tadesse to its newly created Independent International Scientific Panel on Artificial Intelligence, positioning Ethiopia within the world’s first global scientific body dedicated exclusively to AI governance. In a formal note circulated to the UN General Assembly on February 3, 2026, António Guterres,

February 5, 2026 • By Addis Insight

Business

Girma Wake Emerges as Possible Successor as Uganda Airlines Prepares CEO Transition

Uganda Airlines is preparing for a major leadership transition following the impending departure of its Chief Executive Officer, Jenifer Bamuturaki, as investigations intensify into the management, procurement practices, and financial performance of the state-owned carrier. Multiple Ugandan media outlets report that Yoweri Museveni has pushed for a reset at the loss-making airline amid probes led

February 4, 2026 • By Addis Insight

Business

NBE Sells USD 70 Million at 155.05 Birr as 8 Banks Win FX Auction

Addis Ababa, January 26, 2018 (FMC) — The National Bank of Ethiopia has released the official results of its latest foreign exchange auction, held today as part of its ongoing efforts to manage liquidity and stabilize Ethiopia’s foreign exchange market. The central bank stated that a total of USD 70 million was made available for

February 3, 2026 • By Addis Insight

Business

Africa CDC Opens First Medical Supply Warehouse in Addis Ababa

Addis Ababa — The Africa Centres for Disease Control and Prevention (Africa CDC) has inaugurated its first-ever medical supply warehouse, marking a major step in strengthening Africa’s capacity to respond swiftly to public health emergencies. The newly established 1,000-square-metre temporary facility, located at Africa CDC’s headquarters in Addis Ababa, is designed to support the procurement,

February 3, 2026 • By Addis Insight