Business

Ethiopian Airlines in the Final Stage to Return the B737 MAX Fleet to Service

Ethiopian Airlines Group CEO Tewolde GebreMariam said “Safety is our topmost priority at Ethiopian Airlines and it guides every decision we make and all actions we take. It is in line with this guiding principle that we are now returning the B737 MAX to service not only after the recertification by the FAA (Federal Aviation

December 27, 2021 • By Addis Insight

Business

The Biden administration signed for the official termination of Ethiopia, Mali, and Guinea from AGOA

U.S. President Joe Biden announced on November 2021 the decision to terminate Ethiopia’s designation as a beneficiary country under the African Growth and Opportunity Act (AGOA) at the end of this year. Despite many efforts made by international and local parties, the Biden administration decided to go through its decision.  The sanction of the AGOA

December 24, 2021 • By Addis Insight

Business

KEFI Minerals secures additional 800 million birr from shareholders for Developmental projects including Ethiopia.

Addis Ababa Ethiopia, December 23, 2021 – KEFI shareholders Yesterday announced that they will allocate an additional 800 million birr for developmental projects including the launch of Tulu Kapi. Planned to be as soon as the security situation allows, which is expected to be in early 2022. In addition to the Tulu Kapi launch it will

December 23, 2021 • By Addis Insight

Business

Commercial Bank of Ethiopia Secured USD 2.64 Billion in Forex

Commercial Bank of Ethiopia, which is the biggest bank in East Africa with total assets worth almost a trillion birr, just made an announcement concerning remittances. In a lottery event, the Bank stated that it has secured USD 2.64 Billion in foreign exchange from remittances sent home during the Ethiopian fiscal year that ended on

December 22, 2021 • By Addis Insight

Business

Just seventy-six years ago, Ethiopian Airlines was founded

First starting its operations with former military Douglas C-47 transports, Ethiopian Airlines has grown to become Africa’s largest airline. Founded on December 21st, 1946, the carrier now has a fleet of 130 aircraft, operating a particularly diverse fleet of widebody twinjets. Having already covered the airline’s history in previous articles, let’s specifically take a look

December 21, 2021 • By Addis Insight

Business

Ethiopian Airlines has once again won the 2021 African Best Airline Award.

Ethiopian Airlines has once again won the 2021 African Best Airline Award. The airline, which has won the internationally recognized Skytrax Award for four consecutive years, has announced that it will continue to provide quality services. South African and Kenyan airlines are second and third, behind Ethiopian Airlines. In addition to being the best airline

December 21, 2021 • By Addis Insight

Business

Ethiopian market in Rosemount develops a new customer base in Dakota County

During remote learning and stay-at-home lockdowns in 2020, Heaven Bekele, a single mom of three, found herself constantly traveling from her home in Rosemount to Minneapolis to buy Ethiopian ingredients and groceries. During those back and forth commutes, Bekele, who was born in Ethiopia, decided to open her own store that would serve other Ethiopian

December 21, 2021 • By Addis Insight

Business

Ethiopian airlines dethroned by Kenyan airways, named African leading airline

Kenya Airways has been awarded ‘leading airline in Africa’  The last time Kenya Airways bagged this award was in 2016 and 2017, making the timing very encouraging for the airlines because it shows recovery from the blow dealt by COVID-19 For three years starting from 2018, Ethiopian Airlines had held this prestigious award, but it

December 20, 2021 • By Addis Insight

Business

Abyssinia Bank awards CSCEC to construct its 60 storey building headquarter

After using the 15-storey building (bought at 400 million birr from SACA PLC) for seven years, Bank of Abyssinia had recently announced that its management wants to move the headquarters to a new building. The bank just announced that the construction project of this anticipated new building was awarded to China State Construction Engineering Corporation

December 18, 2021 • By Addis Insight

Business

Selamawit Zemene wins the AACCI award for best woman entrepreneur of the year

Mrs. Selamawit Zemene, an Ethiopian residing in Nairobi won the Woman Entrepreneur Award of the Year of the Asian-African Chamber of Commerce and Industry (AACCI) at the Asian-African Leadership Forum held in Ghanaian capital, Accra on 10 December 202. She is and the Chief Executive Officer of Signum Company Limited. The Embassy of the FDRE

December 17, 2021 • By Addis Insight