Business

Tewolde G. Mariam, CEO of Ethiopian Airlines, has announced his resignation

Early Retirement of Mr. Tewolde GebreMariam, Ethiopian Group Chief Executive Officer Mr. Tewolde GebreMariam has been under medical treatment in the USA for the last six months. As he needs to focus on his personal health issues, he is unable to continue leading the airline as a Group CEO, a duty which demands closer presence

March 23, 2022 • By Addis Insight

Business

The Renaissance Dam,will officially start generating electricity on Sunday

The Renaissance Dam, which has been successfully tested for the past few weeks, will officially start generating electricity on Sunday, February 19, 2022. As reported a few days ago, water testing of two power turbines has been successfully completed and now the date of the first phase of the dam will be a new chapter

February 19, 2022 • By Addis Insight

Business

Ethiopia earns $645m from coffee export in 7 months

Addis Ababa – Ethiopia has earned over $645 million (R9. billion) from the export of coffee in the first seven months of the country’s current budget year, which began on July 8, 2021. The revenue came from the export of 162 818 tonnes of coffee, showing a $299 million increase, as against the same period

February 17, 2022 • By Addis Insight

Business

Interesting facts about Commercial Bank of Ethiopia new headquarter

Information about the huge Commercial Bank of Ethiopia headquarters building: The foundation stone of the building was laid on June 20, 2007 by Bereket Simon, a policy advisor and then Chairman of the Board of Directors of the Commercial Bank of Ethiopia. A long study has been done to carry out the construction and it

February 13, 2022 • By Addis Insight

Business

Safaricom Is Set To Launch M-PESA Services In Ethiopia

M-PESA is making its way to Ethiopia, the State Minister of Ethiopia’s Ministry of Finance has confirmed. Safaricom received its first license of operation in Ethiopia last year, but it did not allow for the setting up of the M-PESA mobile financial service. The government of Ethiopia suspended bids for a second license of operations in

February 8, 2022 • By Addis Insight

Business

East Africa focused EdTech company, Ha Hu AG acquired angel investment from César Hidalgo, author of ‘Why Information Grows’.

Date: Zurich, Switzerland, 24 January 2022. Ha Hu AG, a gamified Edtech platform, announced César Hidalgo as their angel investor. Founded in 2021 by a young mother, who saw the need for simplified and gamified early education tools for African languages, the company was self-funded before accepting outside financing. Their app, HaHu Scripts debuted its

February 7, 2022 • By Addis Insight

Business

Ethiopian Airlines To Get a World Class Lounge

  NEWS RELEASE                                                                                                                                                       Plaza Premium Group partners with NHY Group to Elevate Lounge Experience in Ethiopia (GLOBAL, 03 February 2022) Plaza Premium Group (PPG), the world’s leading airport hospitality service provider, today announces partnership with NHY Group, Ethiopia’s leading distributor in travel retail and hospitality, to elevate the lounge experience in Addis

February 4, 2022 • By Addis Insight

Business

Ethio Telecom earns 28 billion birr in six months

Ethio Telecom earns 28 billion birr in six months Addis Ababa: January 30, 2014 (FBC) Ethio Telecom announced that it has earned 28 billion birr in the last six months. Ethio Telecom CEO Frehiwot Tamiru briefing journalists on the company’s six-month performance According to the CEO, the institution has earned 28 billion birr in the

January 31, 2022 • By Addis Insight

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Business

Ethiopian launches successful test flight of Boeing 737 Max

Ethiopian Airlines announced that it has successfully launched its first test flight of Boeing 737 Max in three years. The airline conducted the test flight on its return flight from Addis Ababa to Kenya. The airline also mentioned that the Boeing 737 ET-AVI ET 9201 was one of the planes that was banned from operating

January 28, 2022 • By Addis Insight

Business

NHY Group partners with PPG to elevate lounge service at Bole International Airport

Nur Hussein Yassin (NHY) Group has declared its partnership with Plaza Premium Group (PPG), the largest provider in airport hospitality service to open “elevate the lounge experience” in March 2022 in the ET Terminal 2. The lounge will cover some 1000m2; it is designed to magnify outstanding services accommodating up to 325 guests, including an

January 26, 2022 • By Addis Insight