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

Business

National Bank of Ethiopia Fully Lifts Loan Restrictions

The loan restrictions that were implemented for the last four months have been lifted completely, the National Bank of Ethiopia (NBE) reminded today. The National Bank has ordered banks to provide loan service to all their customers, It is to be recalled that the restriction was imposed to prevent “economic sabotage,” and it was implemented

November 29, 2021 • By Addis Insight

Business

Why Ethiopia’s Fate Matters to China

By- Lukas Fiala The unfolding humanitarian and political crisis in Ethiopia has left many observers pessimistic about the likelihood of an inclusive and peaceful solution to the protracted conflict. After months of fighting between Prime Minister Abiy Ahmed’s central government and the Tigray People’s Liberation Front (TPLF), the Ethiopian state is at real risk of

November 26, 2021 • By Addis Insight

Africa News

Judge OKs Boeing Agreement to Settle Ethiopian Airlines Crash Claims

A U.S. judge on Monday approved Boeing Co’s agreement to acknowledge liability for compensatory damages in lawsuits filed by families of the 157 people killed in the 2019 Ethiopian Airlines 737 MAX crash. As a result of the agreement filed last week between Boeing and the families, lawyers for the victims will not seek punitive

November 16, 2021 • By Addis Insight

Business

The Backlashes of AGOA Sanction: how will it affect the emerging industry sector?

Netsanet Sidamu has been working in the Hawassa Industrial Park for five years; having failed the national exam, her chance to secure future survival chances was hanging by a thread. She came from a remote rural area in Sidama Zone with a family to support. These stories of many underprivileged girls broadly dive into the

October 15, 2021 • By Emrakel sileshi