Business

Ethiopia’s Hotel Pipeline Nears 6,000 Rooms as COP32 Preparations Gain Pace

Ethiopia is emerging as one of Africa’s most active hotel development markets, with nearly 80 percent of its pipeline rooms already under construction, the highest ratio on the continent, as the country accelerates preparations to host the COP32 climate conference in 2027. According to the 2026 Hotel Chain Development Pipelines in Africa report by W

March 11, 2026 • By Addis Insight

Business

MIDROC Investment Group Begins Demolition and Redevelopment of Millennium Hall

MIDROC Investment Group has begun demolition and redevelopment work on Millennium Hall, one of Ethiopia’s most prominent venues for major national and international events over the past 18 years. The project involves a major restoration and expansion of the facility as part of Ethiopia’s preparations for the 32nd Conference of the Parties on Climate Change

March 10, 2026 • By Addis Insight

Business

MIDROC Posts 66 Billion Birr in Six-Month Sales as Profit Jumps 95%

MIDROC Investment Group reported total sales of 65.99 billion birr in the first half of the 2025/26 fiscal year, exceeding its target and recording a 71 percent increase compared to the same period last year, according to a statement from the conglomerate. The group reviewed its half-year performance at the Sheraton Addis, a Luxury Collection

March 10, 2026 • By Addis Insight

Business

Ethiopian Airlines Reaches 95 Female Pilots Ahead of International Women’s Day

Ethiopian Airlines to Operate Eight Women-Led Flights for International Women’s Day Ethiopian Airlines will operate eight special flights staffed entirely by women to mark International Women’s Day on March 8, the airline announced. The flights will depart simultaneously to several international and domestic destinations, including Cairo, Djibouti, Nairobi, Frankfurt, Accra, Mumbai, Windhoek, and Dire Dawa.

March 7, 2026 • By Addis Insight

Business

Uganda Airlines Leases Ethiopian Airlines Boeing 787 to Protect London Gatwick Slots

Uganda Airlines has secured a Boeing 787-8 Dreamliner from Ethiopian Airlines under a short-term wet lease agreement to restore its disrupted long-haul operations and protect valuable landing slots at London Gatwick Airport, following the grounding of its entire Airbus A330-800neo fleet due to unscheduled maintenance. The aircraft, registered ET-ASI, will be operated by a 43-member

March 6, 2026 • By Addis Insight

Business

Ethiopia’s Securities Exchange Launches ‘Neway’ Trading App to Broaden Investor Access

Ethiopia’s nascent capital market took another step toward digitalization as the Ethiopian Securities Exchange launched its first web and mobile trading platform, “Neway,” aimed at expanding public access to the country’s emerging securities market. The platform, developed through a partnership with technology provider Infotech Private Limited, integrates directly with the Exchange’s Broker Back Office and

March 6, 2026 • By Addis Insight

Business

Ethio Telecom, Ericsson Sign Major Network Expansion and Modernization Deal at MWC Barcelona

Ethio Telecom announced the signing of a major network expansion and modernization agreement with telecommunications equipment provider Ericsson at the Mobile World Congress Barcelona, marking another step in Ethiopia’s effort to strengthen its digital infrastructure. The agreement aligns with Ethio Telecom’s three-year Next Horizon Strategy and will involve expanding, upgrading, and deploying new network capabilities

March 5, 2026 • By Addis Insight

Business

Ethiopian Airlines Suspends Multiple Middle East Flights as Regional Airspace Closures Disrupt Travel

Ethiopian Airlines has suspended flights to and from several major Middle Eastern destinations after widespread airspace closures across the region, underscoring the growing impact of geopolitical tensions on global aviation networks. Africa’s largest carrier said services to Amman, Beirut, Bahrain, Tel Aviv, Doha, Kuwait, Dubai, Sharjah, Abu Dhabi and Dammam will remain canceled until further

March 2, 2026 • By Addis Insight

Business

Ethiopian Airlines Suspends Select Middle East Flights as Security Risks Escalate

Addis Ababa — Ethiopian Airlines has cancelled several passenger flights to key Middle Eastern destinations, citing a deteriorating security environment across the region, as airlines worldwide reassess operations over conflict-adjacent airspace. Africa’s largest carrier said services to Amman, Tel Aviv, Dammam, and Beirut have been suspended, underscoring the widening impact of geopolitical instability on commercial

February 28, 2026 • By Addis Insight

Business

Ethiopia Outlaws Birr-Based Crypto P2P Trading, Prepares Formal Digital-Asset Framework

Addis Ababa — Ethiopia’s central bank has formally prohibited peer-to-peer cryptocurrency transactions denominated in the local currency, tightening oversight of a fast-growing informal market that has operated largely outside the country’s regulated financial system. In a public notice issued Friday, the National Bank of Ethiopia (NBE) said any Birr-paired P2P trading conducted through digital-asset platforms,

February 27, 2026 • By Addis Insight