Business

Wegagen Capital Investment Bank Becomes Ethiopia’s First Private Investment Bank

Addis Ababa, June 4, 2025 – In a landmark development for Ethiopia’s emerging financial sector, Wegagen Capital Investment Bank S.C. has officially launched operations, becoming the country’s first private investment bank. The announcement was made during a high-profile inauguration event held at the Hilton Hotel in Addis Ababa, attended by key figures from government institutions,

June 4, 2025 • By Addis Insight

Business

Addis International Bank Unveils New Identity as “Addis Bank,”

Addis Ababa, Ethiopia – In a significant milestone marking its evolution and ambitions for the future, Addis International Bank has officially rebranded as “Addis Bank”, unveiling a new name, logo, and corporate motto: “Trusted for Your Success.” The announcement was made during a formal launch event held in Addis Ababa this evening, attended by senior

June 4, 2025 • By Addis Insight

Business

Store251 Launches New Website and App to Enhance the Ethiopian Shopping Experience

Addis Ababa, Ethiopia – May 30, 2025 – Store251, an online shopping platform based in Addis Ababa, is excited to announce the launch of its newly developed mobile application and website, introducing a more user-friendly, and rewarding way to explore and shop Ethiopian-made products. The launch will be held on May 30th at Atlas Store251,

June 3, 2025 • By Addis Insight

Business

Bill Gates Awarded Ethiopia’s Highest National Honor for 25 Years of Transformative Impact

Addis Ababa, June 1, 2025 — In a rare and symbolic ceremony at the National Palace, Ethiopian Prime Minister Abiy Ahmed presented the nation’s most distinguished accolade, the Grand Order of Merit of Ethiopia, to philanthropist and Microsoft co-founder Bill Gates, recognizing the remarkable legacy of the Bill & Melinda Gates Foundation’s work in Ethiopia

June 1, 2025 • By Addis Insight

Business

Ethiopia’s Hasset Dereje Named First Runner-Up at Miss World 2025

Hasset Dereje Admassu of Ethiopia has achieved a historic milestone at the 72nd Miss World pageant, securing the position of First Runner-Up in the globally celebrated beauty and purpose competition. The event, held at the HITEX Exhibition Centre in Hyderabad, India, concluded with Thailand’s Opal Suchata Chuangsri being crowned Miss World 2025. Hasset’s second-place finish

May 31, 2025 • By Addis Insight

Business

Ethiopia Secures IMF Staff-Level Agreement, Paving Way for $260 Million Disbursement

Addis Ababa, Ethiopia – May 30, 2025 — The International Monetary Fund (IMF) announced on Friday that it has reached a staff-level agreement with Ethiopia on the third review of the country’s $3.4 billion loan program. The agreement, once formally approved by the IMF Executive Board, will unlock a further $260 million in funding for

May 30, 2025 • By Addis Insight

Business

Dodai Donates 40 E-Motorcycles in Partnership with Addis Ababa Transport Bureau

Addis Ababa, Ethiopia – May 29, 2025 — Dodai Manufacturing PLC, a leading local manufacturer and operator of electric mobility solutions, today announced a major partnership initiative with the Addis Ababa Transport Bureau and key affiliated city institutions. As part of its commitment to advancing e-mobility and supporting the city’s transformation agenda, Dodai is donating

May 30, 2025 • By Addis Insight

Business

Ethiopia’s Digital Creator Economy Gets a Boost as JAMI and Arifpay Launch Country’s First Multi-Currency Tipping Platform

Addis Ababa, Ethiopia — May 29, 2025 Ethiopia’s fast-growing digital economy just got a major shot in the arm. JAMI, a newly launched content monetization platform founded by local tech entrepreneur Nathan Damtew, has officially partnered with leading fintech company Arifpay to debut the country’s first multi-currency digital tipping service for creators. The platform, unveiled

May 29, 2025 • By Addis Insight

Business

Oromia Bank Joins Digital Lending Race with Launch of Miliki App

Oromia Bank has entered Ethiopia’s rapidly evolving digital lending space with the launch of Miliki, a new mobile application that offers collateral-free loans through an AI-driven credit assessment system. Developed in partnership with local fintech firm Quantum Technology, the app is part of the bank’s broader strategy to expand financial access and align with national

May 29, 2025 • By Addis Insight

Business

Ethiopian Airlines to Launch Daily Flights Between Moscow and Addis Ababa by December 2025

Addis Ababa, May 28, 2025 — Ethiopian Airlines has announced plans to significantly expand its air service between Moscow and Addis Ababa, with daily flights scheduled to commence in December 2025. This marks a major step in strengthening air connectivity between Ethiopia and Russia. Michael Endale Taffesse, Head of Ethiopian Airlines’ Representative Office in Russia

May 28, 2025 • By Addis Insight