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

Business

Diageo consents to sell Meta Abo Brewery to BGI

The Ethiopian Competition Commission, subject to approval, is expected to complete the sale during the first quarter of 2022. Diageo acquired Meta Abo Brewery in January 2012 for US$225m and, since then, has invested US$344m into its expansion to transform the brewing industry in Ethiopia and supported local communities through the provision of clean water.

January 25, 2022 • By Addis Insight

Business

How Ethiopia’s removal from AGOA be a blessing in disguise for the AfCFTA  

By Bekan Bekele The Biden administration’s decision to remove Ethiopia from AGOA under the preconceived notion of the human rights violation that has ensued in and around the northern part of the country has caused waves to Ethiopians living in Ethiopia and around the world. After stating the eligibility requirements, outlined in section 104 of

January 20, 2022 • By Addis Insight

Business

Ethiopian diasporas replete with industrial investment opportunities

Ethiopia’s economy has been on a continuous and high growth trajectory since the turn of the millennium, registering an average annual growth of over ten pc. It’s about double the average growth rate recorded for sub-Saharan Africa over much the same period. 13 industrial parks in work sectors, including pharmaceutical, agro processing, and textile and

January 17, 2022 • By Addis Insight

Business

Ermias Amelega to bring Alibaba in six months

Alibaba the breakthrough e-commerce company will enter Ethiopia’s digital economy within the next six months. The e-commerce venture that is about to be launched is the result of a partnership between Chinese e-commerce giant Alibaba and Ethiopian business tycoon Ermias Amerga, who has extensive experience in banking, technology and real estate. .. Has appeared. “It

January 15, 2022 • By Addis Insight

Business

Ethio Telecom to sell mobile phones on credit with National Identity Guarantee

Ethio Telecom announced that it is preparing to sell smart phones on credit by using national ID as a guarantee.   He said the company has been selling mobile phones to insured employees for the past one year and has so far sold more than 10,000 phones.   Ethio Telecom’s Head of Sales, Mohamed Haji,

January 15, 2022 • By Addis Insight