Business

Mikhail Egypteos: The Ethiopian Admiral Who Built Russia’s Deadliest Warships

Mikhail Milhailovich Egypteos was a pioneering Russian naval engineer of Ethiopian descent who became one of the most influential figures in the shipbuilding of the late Russian Empire and early Soviet Union. Overcoming societal barriers, he rose to the rank of Lieutenant General, designing revolutionary warships and playing a critical role in the modernization of

September 24, 2025 • By Addis Insight

Business

Spot Trading on OKX: A Beginner’s Guide to Real-Time Crypto

Let’s talk about Spot trading on OKX. If you’ve ever wondered how people actually buy and sell crypto in real time, this is the feature they’re using. It’s simple once you know your way around. Step 1: The Spot Page When you open the Spot trading page, you’ll see a lot of numbers and colors

September 23, 2025 • By Addis Insight

Business

Eleven Guardians of the Birr: Ethiopia’s Central Bank Governors Through Time

Introduction The history of a nation’s central bank is never merely a story about money. It is, more often than not, a mirror of the state itself—its political ideals, economic ambitions, and evolving place in the world. In Ethiopia, the trajectory of the National Bank and its precursor institutions provides a striking lens through which

September 22, 2025 • By Addis Insight

Business

Ethiopia’s Central Bank Chief Heads to China for Critical Debt Talks

Addis Ababa — Ethiopia has dispatched a high-level economic delegation to Beijing this week, led by Eyob Tekalign (PhD), the newly appointed governor of the National Bank of Ethiopia (NBE), to advance crucial debt restructuring negotiations and deepen the country’s economic partnership with China, state media reported. High-Stakes Mission to Beijing According to officials, the

September 22, 2025 • By Addis Insight

Business

Ethiopia Ends World Championships Medal Hunt Without Gold After 34 Years

Addis Ababa, September 11, 2018 (FMC) — The 20th World Athletics Championships concluded today in Tokyo, Japan, with Ethiopia collecting four medals—two silver and two bronze but no gold, marking the first time in 34 years that the nation has left the World Championships without a single gold medal. The result highlights the growing competitiveness

September 21, 2025 • By Addis Insight

Business

Ethiopian Securities Exchange Appoints New Board of Directors

Addis Ababa – September 20, 2025 — The Ethiopian Securities Exchange (ESX) has announced the appointment of an expanded and diverse Board of Directors, a move aimed at strengthening the country’s emerging capital market and reinforcing its commitment to transparency and inclusivity. A Diverse and Strategic Board The newly appointed board brings together key figures

September 20, 2025 • By Addis Insight

Business

Ethiopian Airlines Trains Aviation Professionals from 16 Countries in Major Graduation Ceremony

ADDIS ABABA – Ethiopian Airlines, Africa’s largest and most profitable carrier, celebrated a new milestone today, graduating 1,103 aviation professionals from its world-renowned Ethiopian Aviation University. The ceremony, held in the airline’s home base of Addis Ababa, underscored the company’s strategic commitment to developing a robust and highly skilled workforce, not just for its own

September 20, 2025 • By Addis Insight

Business

Creative DNA 3.0 Launches in Ethiopia, Showcasing the Next Wave of Fashion Innovators 

Addis Ababa, Ethiopia — September 17 — The British Council Arts Programme, in collaboration with Creative Hub Ethiopia, is proud to announce the launch of Creative DNA: Ethiopia 3.0. This initiative continues its mission to spotlight and empower Ethiopia’s most promising fashion and accessory designers, equipping them with the tools to thrive locally and globally. 

September 20, 2025 • By Addis Insight

Business

Illegal Forex Crackdown: Ethiopia Freezes Bank Accounts of 123 Suspects

Addis Ababa — September 9, 2018 (FMC) — Ethiopian authorities have intensified their fight against black-market currency trading, announcing the immediate freezing of bank accounts belonging to 123 individuals suspected of engaging in illegal foreign exchange activities. Financial Security Service Action The Financial Security Service (FSS) stated that it has suspended the financial operations of

September 19, 2025 • By Addis Insight

Business

Commercial Bank of Ethiopia to Temporarily Suspend Several Services for Scheduled System Upgrade

Addis Ababa — The Commercial Bank of Ethiopia (CBE) announced that it will carry out a scheduled system upgrade on Sunday, September 21, 2025, during which a range of digital and in-branch services will be temporarily unavailable. According to the bank’s statement, mobile banking, internet banking, ATM machines, POS (point-of-sale) terminals and core banking operations

September 19, 2025 • By Addis Insight