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

Business

Who Is Eyob Tekalign Tolina? Ethiopia’s New National Bank of Ethiopia Governor

Prime Minister Abiy Ahmed (PhD) has appointed Dr. Eyob Tekalign Tolina as the new Governor of the National Bank of Ethiopia (NBE). His appointment comes shortly after the resignation of Mamo Mihretu, who left the post in early September following nearly three years of service. Extensive Experience in Finance and Planning Before taking up the

September 19, 2025 • By Addis Insight

Business

Ethiopia’s Banking Apps 2025: Winners Ranked by Installs, Ratings & Reliability

Finance & technology Ethiopia’s Banking Apps 2025: Winners Ranked by Installs, Ratings & Reliability The quiet revolution in Ethiopian finance is not unfolding in boardrooms but in pockets. The nation’s money now travels by tap and QR code, and the contest is being fought on screens that fit the palm. The rules are simple and

September 19, 2025 • By Addis Insight

Business

Eyob Tekalign Appointed Governor of the National Bank of Ethiopia

Prime Minister Abiy Ahmed (PhD) has appointed Dr. Eyob Tekalign Tolina as Governor of the National Bank of Ethiopia (NBE). The appointment follows the resignation of Mamo Mihretu, who stepped down earlier this month after serving as governor since January 2023 Dr. Eyob Tekalign Tolina is a prominent Ethiopian economist and public servant who, until

September 19, 2025 • By Addis Insight

Business

Ethiopian In-Flight Catering Unveils 2026 Menu at Skylight Hotel Showcase

Addis Ababa — September 2025 — Ethiopian Airlines Group’s catering arm has unveiled its upcoming 2026 economy and business class menu at a high-profile showcase held at the Ethiopian Skylight Hotel. The exclusive event, designed to introduce the new culinary offerings and gather real-time feedback, brought together passengers, frequent flyers, and key aviation stakeholders for

September 19, 2025 • By Addis Insight

Business

IMF Says Ethiopia’s Debt Is Unsustainable: What Happens Next

Ethiopia’s debt sustainability assessment (DSA) is blunt: the country is in debt distress, with debt assessed as unsustainable after repeated breaches of export-linked thresholds and a missed Eurobond coupon in December 2023. Recovery hinges on timely reforms and relief from external creditors to bring the risk of debt distress back to “moderate” by the end

September 18, 2025 • By Addis Insight