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

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