Business

Ethiopian Airlines Group posts $4.4 billion revenue in first half of FY2025/26

Ethiopian Airlines Group reported $4.4 billion in revenue during the first six months of the 2025/26 fiscal year, surpassing its internal target by 2 percent and marking a 14 percent year-on-year increase, underscoring the carrier’s continued expansion and resilience amid a volatile global aviation market. Chief Executive Officer Mesfin Tassew attributed the strong performance to

February 10, 2026 • By Addis Insight

Business

PM Abiy Ahmed Inaugurates Logo Lake Resort, Signaling Push to Expand Regional Tourism Infrastructure

ADDIS ABABA — Prime Minister Abiy Ahmed on Friday inaugurated Logo Lake Resort, a large-scale hospitality development in the Lake City area of the Amhara Region, underscoring the government’s efforts to position tourism as a driver of regional growth and post-conflict economic recovery. The resort, described by officials as part of the government’s “Gebeta Generation”

February 7, 2026 • By Addis Insight

Business

Ethiopian AI Scientist Appointed to UN’s First Global Scientific Panel on Artificial Intelligence

The United Nations has moved to appoint Ethiopian artificial intelligence expert Girmaw Abebe Tadesse to its newly created Independent International Scientific Panel on Artificial Intelligence, positioning Ethiopia within the world’s first global scientific body dedicated exclusively to AI governance. In a formal note circulated to the UN General Assembly on February 3, 2026, António Guterres,

February 5, 2026 • By Addis Insight

Business

Girma Wake Emerges as Possible Successor as Uganda Airlines Prepares CEO Transition

Uganda Airlines is preparing for a major leadership transition following the impending departure of its Chief Executive Officer, Jenifer Bamuturaki, as investigations intensify into the management, procurement practices, and financial performance of the state-owned carrier. Multiple Ugandan media outlets report that Yoweri Museveni has pushed for a reset at the loss-making airline amid probes led

February 4, 2026 • By Addis Insight

Business

NBE Sells USD 70 Million at 155.05 Birr as 8 Banks Win FX Auction

Addis Ababa, January 26, 2018 (FMC) — The National Bank of Ethiopia has released the official results of its latest foreign exchange auction, held today as part of its ongoing efforts to manage liquidity and stabilize Ethiopia’s foreign exchange market. The central bank stated that a total of USD 70 million was made available for

February 3, 2026 • By Addis Insight

Business

Africa CDC Opens First Medical Supply Warehouse in Addis Ababa

Addis Ababa — The Africa Centres for Disease Control and Prevention (Africa CDC) has inaugurated its first-ever medical supply warehouse, marking a major step in strengthening Africa’s capacity to respond swiftly to public health emergencies. The newly established 1,000-square-metre temporary facility, located at Africa CDC’s headquarters in Addis Ababa, is designed to support the procurement,

February 3, 2026 • By Addis Insight

Business

Abiy Ahmed Says Ethiopia Has Not Received External Funding for GERD

Prime Minister has stated that Ethiopia has not received “a single birr” in foreign financial assistance for the construction of the (GERD). The Prime Minister made the remarks while addressing the 6th Ordinary Session of the 5th Annual Working Session of the 6th Federal House of Representatives on Friday. During the session, it was confirmed

February 3, 2026 • By Addis Insight

Business

Ethiopian Airlines: ASKY Planes Damaged in Niger Attack to Be Repaired

Addis Ababa, January 25, 2018 (FMC) — Two ASKY Airlines aircraft that were slightly damaged during an attack in Niger’s capital, Niamey, will be repaired and are expected to return to service soon, according to . The two Boeing 737 aircraft sustained minor damage during an incident at Niamey airport on Thursday night. No injuries

February 2, 2026 • By Addis Insight

Business

National Bank of Ethiopia to Hold 17th Foreign Exchange Auction, Offer USD 70 Million

The National Bank of Ethiopia (NBE) has announced that it will conduct the 17th round of its foreign exchange auction on Tuesday, February 27, as part of its ongoing policy measures aimed at controlling inflation and stabilizing the country’s foreign exchange market. Under the auction, the central bank will offer USD 70 million to the

February 2, 2026 • By Addis Insight

Business

Can Ethiopia Win the 2028 AFCON Bid? Inside the Nation’s Ambitious Stadium and Infrastructure Surge

The formal submission of Ethiopia’s bid to host the 2028 Africa Cup of Nations (AFCON) represents a definitive intersection of sporting ambition and a multi-dimensional national development agenda. This move, finalized by the Ethiopian Football Federation (EFF) on January 2, 2026, marks a significant acceleration of the country’s previous objective to host the 2029 edition.

January 31, 2026 • By Addis Insight