Business

Abiy Ahmed Says Ethiopia Has Not Received External Funding for GERD

Prime Minister has stated that Ethiopia has not received “a single birr” in foreign financial assistance for the construction of the (GERD). The Prime Minister made the remarks while addressing the 6th Ordinary Session of the 5th Annual Working Session of the 6th Federal House of Representatives on Friday. During the session, it was confirmed

February 3, 2026 • By Addis Insight

Business

Ethiopian Airlines: ASKY Planes Damaged in Niger Attack to Be Repaired

Addis Ababa, January 25, 2018 (FMC) — Two ASKY Airlines aircraft that were slightly damaged during an attack in Niger’s capital, Niamey, will be repaired and are expected to return to service soon, according to . The two Boeing 737 aircraft sustained minor damage during an incident at Niamey airport on Thursday night. No injuries

February 2, 2026 • By Addis Insight

Business

National Bank of Ethiopia to Hold 17th Foreign Exchange Auction, Offer USD 70 Million

The National Bank of Ethiopia (NBE) has announced that it will conduct the 17th round of its foreign exchange auction on Tuesday, February 27, as part of its ongoing policy measures aimed at controlling inflation and stabilizing the country’s foreign exchange market. Under the auction, the central bank will offer USD 70 million to the

February 2, 2026 • By Addis Insight

Business

Can Ethiopia Win the 2028 AFCON Bid? Inside the Nation’s Ambitious Stadium and Infrastructure Surge

The formal submission of Ethiopia’s bid to host the 2028 Africa Cup of Nations (AFCON) represents a definitive intersection of sporting ambition and a multi-dimensional national development agenda. This move, finalized by the Ethiopian Football Federation (EFF) on January 2, 2026, marks a significant acceleration of the country’s previous objective to host the 2029 edition.

January 31, 2026 • By Addis Insight

Business

Ethiopia Unveils Landmark Shebele Resort in Push for Regional Tourism Hub

Ethiopia officially inaugurated the Shebele Resort in the Somali Region on Saturday, marking a major milestone in Prime Minister Abiy Ahmed’s ambitious “Dine for Generation” (Gebeta Le Tewled) initiative. The ceremony, held in Jigjiga, was attended by Djibouti President Ismail Omar Guelleh and Somalia President Hassan Sheikh Mohamud, highlighting the project’s significance for regional diplomacy

January 31, 2026 • By Addis Insight

Business

Ethiopia Submits Official Bid to Host 2028 Africa Cup of Nations

The Ethiopian Football Federation (EFF) has formally submitted a bid to host the 2028 Africa Cup of Nations (AFCON), adjusting its long-term hosting ambitions following a major change to the tournament’s scheduling by the Confederation of African Football (CAF). Ethiopia had originally positioned itself as a candidate for the 2029 edition of the continent’s flagship

January 30, 2026 • By Addis Insight

Business

Safaricom Ethiopia Revenue Jumps Nearly 48% in Q3 FY26 as Data, Voice and M-PESA Surge

Addis Ababa, Jan 30, 2026 — Safaricom Ethiopia reported strong revenue growth in the third quarter of FY2026, signaling accelerating commercial traction in Africa’s second-most populous market, driven by rising data consumption, a rebound in voice services, and rapid expansion of M-PESA usage. Total revenue rose 47.9% year-on-year to KES 9.97 billion, up from KES

January 30, 2026 • By Addis Insight

Business

Ethiopia Pauses $1 Bln Eurobond Restructuring After Official Creditors Reject Terms

Addis Ababa, Ethiopia – January 30, 2026 — The Government of Ethiopia has announced a major setback in its ongoing sovereign debt restructuring process, with official creditors deeming the current Eurobond deal terms non-compliant with international fairness standards, stalling implementation of the plan agreed earlier this month. Official Creditors Push Back on Deal The Ministry

January 30, 2026 • By Addis Insight

Business

24 Betting-Fraud Suspects Released as Authorities Remain Silent on Case Status

Twenty-four individuals previously arrested in connection with a large-scale betting-related revenue fraud—estimated at over 100 billion birr—have been fully released from prison, according to information obtained by Addis Insight. Authorities, however, have not issued an official announcement or explanation regarding the releases, leaving the legal status of the case unclear. The individuals were initially detained

January 29, 2026 • By Addis Insight

Business

Ethio Telecom Customer Base Reaches 87.1 Million as Telebirr Transactions

Ethio Telecom has reported strong growth in its customer base and digital financial services, according to its six-month performance report for the 2018 fiscal year, presented to journalists on Tuesday. Speaking at the briefing, Ethio Telecom Chief Executive Officer Frehiwot Tamiru said the company has undertaken major infrastructure upgrades to support up to 108 million

January 29, 2026 • By Addis Insight