Business

Businesses Warn USD Shortages Threaten Operations Despite Bank Allocations

Despite Ethiopian banks nearly doubling foreign currency allocations compared to last year, businesses continue to face severe U.S. dollar shortages that threaten daily operations and investment plans. Earlier this week, most commercial banks reported stronger allocations. Awash Bank earmarked $110 million for August, while Dashen Bank disbursed $11 million in the first six days. On

August 21, 2025 • By Addis Insight

Business

Telebirr Transactions Reach 2.38 Trillion Birr as Ethio Telecom Revenue Jumps 72% in 2017 EFY

Ethiopian Investment Holdings (EIH) opened its 2017 Ethiopian fiscal year (EFY) annual performance dialogue with a detailed review of Ethio Telecom’s impressive results, spotlighting the state-owned operator’s strong growth and expanding role in the country’s digital economy. Strong Operational and Financial Growth Ethio Telecom delivered solid year-on-year performance, underlined by a 6% increase in subscriptions

August 21, 2025 • By Addis Insight

Business

Development Bank of Ethiopia Reports Strong Growth in 2017 EFY

Addis Ababa – Ethiopian Investment Holdings (EIH), the nation’s sovereign wealth fund, concluded Day 3 of its annual performance dialogue with an in-depth review of the Development Bank of Ethiopia (DBE). The dialogue assessed the Bank’s financial and operational performance for the 2017 Ethiopian Fiscal Year (EFY), highlighting both achievements and areas requiring strategic improvement.

August 21, 2025 • By Addis Insight

Business

KCB in Talks to Acquire Up to 40% Stake in Ethiopian Bank

Nairobi, August 20, 2025 – Kenya’s largest lender, KCB Group Plc, is in discussions to purchase as much as 40% of an Ethiopian bank, positioning itself as one of the first foreign lenders to enter Africa’s second most populous nation following recent regulatory reforms. Ethiopia’s parliament passed legislation earlier this year allowing international banks to

August 20, 2025 • By Addis Insight

Business

Ethiopian Airlines to Inaugurate New Chinese-Built Headquarters in 2026

Addis Ababa – Ethiopian Airlines Group is preparing to move into a new state-of-the-art headquarters by August 2026, as Africa’s largest carrier continues to expand its infrastructure base. The project, financed and built with Chinese expertise, is one of the most significant developments in the airline’s history. A Landmark Development The new headquarters consists of

August 20, 2025 • By Addis Insight

Business

Sheraton Addis at 27: A Timeless Ethiopian Luxury Through Harry Jaggard’s Eyes

A Masterpiece of Hospitality: How the Sheraton Addis Remains an Undisputed Classic After 27 Years, Through the Eyes of Explorer Harry Jaggard In the heart of Addis Ababa, a city pulsing with both ancient history and a dynamic future, stands a monument to timeless elegance: the Sheraton Addis. Since its grand opening on February 28,

August 13, 2025 • By Addis Insight

Business

From $500 to Nine Restaurants: Ethiopian-Born Sara Aradi’s Rise in Dubai’s Culinary World

Sara Aradi: The Architect of a Culinary Dynasty As of August 2025, more than three decades have passed since a young Sara Aradi took a leap of faith that would redefine her destiny. Now 53, she stands as one of the UAE’s most influential culinary entrepreneurs—a titan whose story resonates from her native Ethiopia to

August 13, 2025 • By Addis Insight

Business

How OKX Earn Lets Your Crypto Work While You Sleep

In a world where your money works 24/7 or sits idle ,which side do you want to be on? Every day, traders hustle to beat the markets. But while some are glued to charts, others are quietly stacking passive income. No noise. No stress. Just smart moves and solid returns. Welcome to the world of

August 13, 2025 • By Addis Insight

Business

How Two Ethiopian YouTubers Are Bringing the World Closer in Local Language

For years, Ethiopian audiences seeking travel stories online often had to rely on English-language content from Western vloggers. Today, that’s changing. A new wave of local-language creators is taking viewers on journeys across the globe — without the cultural translation gap. Leading this movement are Abel Berhanu and Janny, two YouTubers who have turned their

August 12, 2025 • By Addis Insight

Business

Ethiopia’s Investment Holding Secures First Overseas Stake in $3M Akobo Minerals Investment

OSLO / ADDIS ABABA — August 11, 2025 — In a historic move signaling Ethiopia’s growing integration into global capital markets, Ethiopian Investment Holdings (EIH), the country’s sovereign wealth fund, has taken its first-ever equity stake in an international company — investing USD 3 million in Scandinavian-based gold producer Akobo Minerals AB (Euronext and Frankfurt:

August 11, 2025 • By Addis Insight