Business

Ethiopia Mandates Federal Agencies to Accept All Licensed Digital Payments

Addis Ababa, June 2025 — Ethiopia’s Ministry of Finance has formalized Directive No. 1069/2025, requiring all federal public institutions—from tax offices to utility providers—to accept payments via any licensed payment service provider, including: These must be licensed by the National Bank of Ethiopia (NBE) (mofed.gov.et, africanenda.org, mfw4a.org). Key Provisions: Strategic Context & Sector Alignment Implications for

June 24, 2025 • By Addis Insight

Business

Addis Ababa Reports 89% Pass Rate in 8th Grade Exit Exam, Signaling Steady Academic Progress

ADDIS ABABA – June 24, 2025 — The Addis Ababa Education Bureau has officially released the results of the 2017 Ethiopian calendar (2024/2025 Gregorian) 8th Grade Exit Examination, revealing that an impressive 89 percent of students have successfully passed and are now eligible to advance to the 9th grade. Speaking at a press briefing this

June 24, 2025 • By Addis Insight

Business

Ethiopia Inks $3 Billion Fertilizer Deal With Dangote to Curb Import Dependence

ADDIS ABABA — Ethiopia is set to sign a $3 billion agreement with Nigerian billionaire Aliko Dangote to construct a large-scale fertilizer plant in the Somali Regional State, as the Horn of Africa nation seeks to reduce its reliance on imported agricultural inputs and stabilize local supply chains. The project, expected to break ground later

June 24, 2025 • By Addis Insight

Business

Ethiopia’s Government Officially Ends Fuel Subsidy: Prices to Follow Global Market Rates

Addis Ababa – June 21, 2025The Ethiopian government has officially announced the complete removal of its fuel subsidy, a policy shift set to recalibrate the country’s fuel pricing structure in line with international market rates. The Ministry of Trade and Regional Cooperation confirmed that the new directive, which has been in development for over a

June 21, 2025 • By Addis Insight

Business

Dashen Bank Unveils Secure Valuable Asset Deposit Service for Individuals and Institutions

Dashen Bank has officially launched a secure valuable asset deposit service, offering its customers the ability to store high-value items—such as securities, gemstones, gold, precious metals, and important documents—in specialized safes and deposit boxes with top-tier security protocols. The new service, introduced by Dashen’s Treasury Management Division, represents a significant step in the bank’s ongoing

June 20, 2025 • By Addis Insight

Business

Ethiopia’s Forex Auction Sets Average Exchange Rate at 136.63 Birr/USD

This development comes as part of the central bank’s ongoing managed forex auction system aimed at addressing Ethiopia’s foreign currency shortages while ensuring fair and market-reflective pricing. The weighted average rate reflects the mean of all successful bids submitted by participating banks. According to the announcement, the NBE continues to implement periodic forex auctions in

June 19, 2025 • By Addis Insight

Business

Meet Ethiopian-American Dr. Aminé: A Rapper Reimagining Diaspora, Academia, and Home

When Adam Aminé Daniel—better known simply as Aminé—returned to Portland State University this June, he did so not as a student or guest performer, but as an honoree. Nine years after he left the university to pursue music full-time, the institution awarded him an honorary Doctorate of Humane Letters. In that moment, as the applause

June 18, 2025 • By Addis Insight

Business

National Palace Museum Officially Opens Its Doors to the Public

Addis Ababa — June 17, 2025 The National Palace Museum in Addis Ababa, renovated and inaugurated four months ago, is now officially open to the public, marking a significant milestone in Ethiopia’s efforts to promote cultural tourism. Mitku Deresa, Director General of the Palace Administration, announced that the museum is open for public visits starting

June 17, 2025 • By Addis Insight

Business

Ethiopian Airlines Suspends Tel Aviv Flights Amid Heightened Regional Tensions

Addis Ababa, June 16, 2025 — Ethiopian Airlines has temporarily suspended all flights between Addis Ababa (ADD) and Tel Aviv (TLV) until June 22, 2025, citing “operational considerations,” according to an official announcement shared on the airline’s social media channels. The suspension affects both outbound and inbound flights and comes amid intensifying tensions in the

June 16, 2025 • By Addis Insight

Business

Addis Ababa Approves Record 350 Billion Birr Budget for 2025 Fiscal Year

Addis Ababa, June 16, 2025 — The Addis Ababa City Administration Cabinet has approved a landmark 350 billion birr (approx. $6 billion USD) draft budget for the 2018 Ethiopian fiscal year (2025/26), marking the city’s largest budget allocation to date. The proposal will now be submitted to the City Council for final approval. The decision

June 16, 2025 • By Addis Insight