Business

Ethiopian Airlines Increases Presence in India, Expands Cargo Fleet

On July 2, Ethiopian Airlines will commence twice-weekly flight operations to Chennai, India — which will join the vast Ethiopian network as the fourth destination in India after New Delhi, Mumbai, and Bengaluru, India. Ethiopian started its service to India with a debut flight to New Delhi in 1966 — just 20 years after the

June 1, 2022 • By Addis Insight

Business

Ethiopia to receive $200 million financial assistance from World Bank: official

Ethiopia is set to receive 200 million U.S. dollars in financial assistance from the World Bank, an Ethiopian official said Wednesday. “The funds will be used to build skilled manpower and boost the capacity of state-owned technical and vocational training institutes,” Ethiopian Minister of Labor and Skills Development Muferiat Kamil said in a Facebook post.

June 1, 2022 • By Addis Insight

Business

Ethiopian to connect Washington with Lomé, Togo

Ethiopian Airlines has announced it will commence thrice-weekly passenger service to Washington Dulles via Lomé, Togo as of today, June 1, 2022. The new flight increases the frequency of Ethiopian Airlines’ flights to Washington DC to 10 from the existing seven weekly flights it operates via Dublin. The new flight is operated with Boeing 787-8

June 1, 2022 • By Addis Insight

Business

Coca-Cola Beverages Inaugurates a 100 million USD bottling plant at Sebeta

Sebeta, Ethiopia, May 31 – A new US$100 million Coca-Cola bottling plant at Sebeta in Ethiopia is set to unlock export opportunities, increase local production and ease foreign exchange constraints as it adds 500 employees to the workforce of Coca-Cola Beverages Africa (CCBA) in the country. The inauguration of the Sebeta Dima Coca-Cola factory was attended

May 31, 2022 • By Addis Insight

Business

CBE lost 1 billion birr due to fraud

According to a new survey conducted by the Ministry of Justice, banks have lost 1.8 billion birr due to fraud in the last four years. The results of the new study were unveiled during an event now taking place at the Sheraton Addis Hotel. It disclosed that 50.7 percent of the looting took place at

May 30, 2022 • By Addis Insight

Business

Brain drain in Sub Saharan Africa

By Bernard Laurendeau, Managing Partner at Laurendeau & Associates Brain drain in Sub Saharan Africa Brain Drain is a severe problem in low- and middle-income countries and particularly acute in Sub-Saharan Africa. In its 2016 World Economic Outlook, the IMF noted that the “outflow of skilled labor and young people seeking better educational opportunities outside

May 27, 2022 • By Addis Insight

Business

From organic waste to high-end tech, how European interest is shifting to Africa’s biogas sector

Given the national interest, the critical implementation of the DiBiCoo project is to link the leading European biogas producers to the emerging biogas sector in developing countries. Home to the largest cattle population in Africa, with the largest segment of the people located in rural areas, considered the primary energy consumer, Ethiopia is no stranger

May 27, 2022 • By Emrakel sileshi

Business

FSD Ethiopia appoints Admassu Tadesse as Chairman

Press Release FSD Ethiopia is pleased to announce esteemed international banker and executive business leader Admassu Tadesse as Chairman of our Non-executive Board of Directors. Mr. Tadesse brings his extensive experience across Africa and internationally to our organization. As the President Emeritus and Group MD of the Eastern and Southern African Trade and Development Bank

May 26, 2022 • By Addis Insight

Business

Ride: Driving out of dominance?

  Ride, the byproduct of Hybrid Design, became the first of its kind by being a mobility service platform in Ethiopia. It is currently one of the biggest ride-sharing applications in Ethiopia . It didn’t start profits right away, it took some time to adjust the market

May 26, 2022 • By Addis Insight

Business

Ethiopian Airlines to order five Boeing 777 Freighters

The largest and leading aviation group in Africa, Ethiopian Airlines has put in another order for Boeing 777 cargo planes. Ethiopian Airlines Group CEO Mr Mesfin Tasew said ”The addition of these five Boeing 777 Freighters into our cargo fleet will enable us to meet the growing demand in our cargo operation. While cementing our partnership with

May 25, 2022 • By Addis Insight