Business

A step forward for electric mobility initiative towards policymaking

The Ministry of Transport and Logistics (MoTL), in collaboration with the GGGI Ethiopia Office, organized a policy dialogue concerning e-mobility initiatives. The discussion consisted of government ministries, the private sector, and partner organizations. The objective of the policy dialogue was to create a gateway for improved networking, experience sharing among key stakeholders. Discuss key issues

December 15, 2021 • By Addis Insight

Business

Strategic Woldia-Mekelle Highway seized by government coalition forces

The campaign, led by Prime Minister Abiy Ahmed, cut off the main road to Woldia & Mekelle. Coalition forces have seized control of key towns of Arjo, Fokisa and Boren, including the Zobl plateau, which is strategically located on the eve of the Eastern Front’s offensive against the terrorist invader. Similarly, by controlling the Gura

December 11, 2021 • By Addis Insight

Business

Ethioipian Gold Project: Akobo Minerals shortlisted for ESG award

Organisations were considered based on how well they have developed a long-term sustainable ESG strategy, and the nominated companies were recognised as having successfully integrated ESG into this strategy in a meaningful manner. The shortlist of those companies was decided by a panel of both ESG and mining industry experts. Commenting on being nominated for

December 11, 2021 • By Addis Insight

Business

Addis Ababa to host the 4th ET Real estate and expo.

December 10, 2021 – The 4th edition of Ethiopian Real Estate and Home Expo aimed at providing a platform for leading local and international real estate developers is set to be held from January 1st to 2nd, 2022 in Addis Ababa. The real estate expo comes at a time where Addis Ababa, the diplomatic capital of Africa is experiencing rapid

December 10, 2021 • By Addis Insight

Business

Nigeria’s Paga plans Ethiopia and crypto expansions in 2022

Nigerian payment platform Paga plans to press ahead with plans to expand in Ethiopia in 2022, and is also considering developing a crypto-currency product in Africa outside Nigeria, CEO Tayo Oviosu announced. The company has a license to operate in Ethiopia. As yet there is no date to start operations there, but Oviosu hopes it

December 10, 2021 • By Addis Insight

Business

Commercial Bank of Ethiopia to lend over 100 billion birr

The Commercial Bank of Ethiopia (CBE) has announced that it is ready to provide over 100 billion birr loan to the private sector, agricultural inputs and public enterprises in the current budget year. The lifting of the government’s debt ban will have a significant impact on the country’s economy. It is well-known that private and

December 9, 2021 • By Addis Insight

Business

ECA reports global energy market estimate $1.9 trillion in investments while Africa’s share is modest

The Economic Commission for Africa (ECA) and the RES4Africa Foundation have jointly released a series of country regulatory reviews on electricity markets in Ethiopia, Rwanda, Zambia, South Africa and Ghana. In 2020 alone, the global energy market saw about $1.9 trillion in investments, of which emerging and developing countries attracted 1/5th. Africa captured only a

December 9, 2021 • By Addis Insight

Business

An adjustment was made to the retail price of petroleum products

Ministry of Trade and Regional Co-operation announces new adjustments to the retail price of petroleum products in December. The ministry said the stabilization fund has caused more deficits than ever before due to rising global oil prices. The new retail price has been set due to the fact that the retail price of domestic products

December 8, 2021 • By Addis Insight

Business

Ethiopian Airlines Wins African Airlines Business Travel Award 2021

Ethiopian Airlines has been announced as the winner of the 2021 African Airlines Business Travel Award. Ethiopian Airlines, Africa’s largest aviation industry, has won an award for its work in the world-famous Business Travels magazine. This year’s award covers 24 months of customer feedback. Also highlighted are the effectiveness of airline communication and Covid-19 prevention

December 2, 2021 • By Addis Insight

Business

China will open “green lanes” for African agricultural exports to China- Xi Jinping

2021-11-29 23:08 Keynote Speech by H.E. Xi JinpingPresident of the People’s Republic of ChinaAt the Opening Ceremony of the Eighth Ministerial Conference ofThe Forum on China-Africa Cooperation 29 November 2021 Your Excellency President Macky Sall,Distinguished Colleagues,Dear Guests and Friends, It is such a pleasure to attend the opening ceremony of the Eighth Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC). Let me first express sincere appreciation to President

November 29, 2021 • By Addis Insight