Business

An innovative event connecting Diaspora and Local Experts kicked off in Addis Ababa

Addis Ababa, Ethiopia, January 12, 2022 – An innovative event dedicated to connecting and inspiring diaspora with home-based experts from all sectors has officially started in Addis Ababa today. The event held under the theme “Connecting diaspora and home-based professionals to make a lasting Impact” showcased the power of effective partnerships in today’s fast-paced, interconnected

January 12, 2022 • By Addis Insight

Business

Dangdang criticize Luckin coffee monopolizing over Hambella coffee

Recently, Dangdang, a Chinese electronic commerce company, criticized Luckin coffee’s purchase of nearly half of the available Hambell coffee beans, suggesting that the transaction may constitute a masked monopoly in the upstream supply chain. The METAD Agricultural Development PLC owns Hambella coffee, a family-run business, distinctive in that it comes from a single estate in

January 12, 2022 • By Addis Insight

Business

News Alert:  Central Bank Lifts Restrictions Placed on Bank Transfers 

The National Bank of Ethiopia lifts the limit placed on bank transfers. It was a rule introduced to discourage players in the informal exchange market. Customers of banks were not allowed to make more than five bank transfers a week since the beginning of last year. Frezer Ayalew, Director of Banking Supervision at the National

January 11, 2022 • By Addis Insight

Business

National Bank of Ethiopia Lifts Restrictions Weekly Bank Transfer Limit

The National Bank of Ethiopia lifts the weekly transfer limit placed on bank transfers. The restriction was imposed restrain & discourage agents who are engaged in the black market. Bank customers were not allowed to make more than five bank transfers a week since the beginning of last year. Frezer Ayalew, Director of Banking Supervision

January 11, 2022 • By Addis Insight

Business

Ethiopian Airlines to Return to Argentina

On January 8, Ethiopian Airlines is said to return to Buenos Aires/Ezeiza (EZE), Argentina. Seven months have passed since Argentina restricted airline operations due to the rise of COVID-19 cases in Africa. Although other South American countries have suspended the return of any African airlines (due to the Omicron variant), Ethiopian Airlines’ return was originally

January 5, 2022 • By Addis Insight

Business

Ethiopia’s birr black-market booms as diaspora influx

The conflict in Northern Ethiopia that took place in November 2020 has an indefinite economic crisis. with instability in most parts of the country, and it’s said to be one of the factors contributing to the skyrocketing exchange rate of the dollar in the past year. Presumably, the PM’s call for Diaspora is expected to

January 3, 2022 • By Emrakel sileshi

Business

The 4th annual Real Estate and Homes Expo kicks off in Addis Ababa.

January 1, 2022, Addis Ababa, Ethiopia – 251 communications and Marketing, a full-service communications, marketing and branding firm today officially launched the 4th edition of Ethiopian Real Estate and Home Expo at the Hilton Hotel Addis Ababa. The two-day event provides a platform for leading local and international real estate developers to showcase a wide range of products, services and

January 1, 2022 • By Addis Insight

Business

Ethiopia Airlines to start flying to Lalibela on Monday 

The Airlines announces daily flights to Lalibela starting next Monday. According to him, passengers wishing to travel to the city can make an appointment using the airline app. It is a recent memory that the TPLF  group looted and destroyed the Lalibela airport.  

December 30, 2021 • By Addis Insight

Business

Four Ethiopian women among 100 most influential Africans in 2021

Mimi Alemayehou Spearheading Twitter’s thrust in AfricaEntrepreneurs After cutting her teeth in the US administrations of George W. Bush and Barack Obama, Mimi Alemayehou, an Ethiopia-born, Kenya-raised American development finance expert, is now making waves in the global private sector.In June, Alemayehou – who served as Executive Vice-President of the US Overseas Private Investment Corporation

December 30, 2021 • By Addis Insight

Business

Marathon Motors Engineering PLC inaugurates the first electric charging station in Ethiopia

Marathon Motors Engineering PLC inaugurates Hyundai Electric Vehicle Factory Coupling Station. Speaking at the graduation ceremony, Athlete Major Haile Gebreselassie said Ethiopia is on the rise. This height also comes with technology. “We are still in the news of the war, but from now on we will hear the breaking news of technology every week,”

December 28, 2021 • By Addis Insight