Business

Ethiopia Nears Final Negotiations for WTO Membership

Addis Ababa, Ethiopia – Ethiopia is set to engage in a critical round of negotiations by the end of February or early March as it moves closer to securing membership in the World Trade Organization (WTO). This marks a significant step in the country’s long-standing aspiration to join the global trade body, a process that

February 24, 2025 • By Addis Insight

Business

National Bank of Ethiopia to Conduct $60 Million Foreign Exchange Auction

Addis Ababa, Ethiopia – February 24, 2025 – The National Bank of Ethiopia (NBE) has announced that it will conduct a Special Foreign Exchange Auction on February 25, 2025, with a total offering of $60 million. The auction is open to participation by all banks. According to the NBE, the auction follows the implementation of

February 24, 2025 • By Addis Insight

Business

ADMAS Chatbot: Ethiopia’s Game-Changer for Startups and SMEs

NUNA Ethiopia has launched ADMAS Chatbot, an AI-powered business development tool aimed at supporting startups, SMEs, and entrepreneurs in Ethiopia. The chatbot is designed to provide easy access to business resources, industry insights, and mentorship opportunities. The initiative has been developed in collaboration with the Ministry of Innovation and Technology – Ethiopia, the Japan International

February 24, 2025 • By Addis Insight

Business

Forex Bureaus Pressed to Grow Amid NBE’s Branch Expansion Freeze, Fueling Currency Access Concerns

The establishment of forex bureaus in Ethiopia marks a pivotal moment in the nation’s transition to a market-based foreign currency exchange system. As the National Bank of Ethiopia (NBE) moves away from a decade-long fixed exchange rate regime, these bureaus represent a critical step toward afostering greater transparency and efficiency within the foreign exchange market.

February 24, 2025 • By Addis Insight

Business

From Stadiums to Substations: Engineer Getu Geremew’s Leadership Journey

Engineer Getu Geremew Soressa has been appointed as the CEO of Ethiopian Electric Service, bringing with him extensive experience in the energy sector and a notable contribution to Ethiopian athletics. Born in Inchini City, Oromia Region, Engineer Getu has built a distinguished career in both fields, demonstrating expertise in electrical engineering and renewable energy. At

February 23, 2025 • By Addis Insight

Business

Exness Expands Operations in Ethiopia with Amharic Language Support

Exness, a leading global forex and CFD trading platform, has announced the introduction of Amharic language support, making Ethiopia one of its latest focus markets. The move is part of the company’s broader strategy to expand its footprint in Africa, where online trading continues to gain popularity. The introduction of Amharic on the Exness trading

February 22, 2025 • By Addis Insight

Business

Unprecedented Methane Emissions from Mount Fentale Raise Questions About Ethiopia’s Natural Gas Potential

The recent detection of large-scale methane emissions from Mount Fentale, an active stratovolcano in Ethiopia’s Great Rift Valley, has sparked scientific interest not only due to its geological and climate implications but also for what it could mean for the region’s natural gas potential. Satellite measurements have confirmed an unusual release of methane, a gas

February 22, 2025 • By Addis Insight

Business

Efforts Underway to Revive Tana Beles Sugar Factory

The Tana Beles Sugar Factory, located between Ethiopia’s Amhara and Benishangul-Gumuz regions, is undergoing a major restructuring following months of operational disruptions and workforce departures. Over the past two months, more than 75% of the factory’s employees have left, primarily due to unpaid wages. Many of these workers have since sought alternative employment elsewhere, while

February 22, 2025 • By Addis Insight

Business

Zewditu Memorial Hospital Opens Ethiopia’s First Pediatric Neurosurgery Center

Addis Ababa, February 21, 2025 – Ethiopia has taken a significant step in specialized pediatric care with the inauguration of the country’s first dedicated Pediatric Neurosurgery Center at Zewditu Memorial Hospital. Equipped with cutting-edge medical technology, the center aims to transform the treatment of children in need of life-saving neurosurgical interventions. The center features state-of-the-art

February 21, 2025 • By Addis Insight

Business

Ethiopia Unveils Locally Manufactured Electronic Passport

Addis Ababa, Ethiopia – February 21, 2025 – Ethiopia has introduced its first electronic passport (E-passport) in a launch event held at the Science Museum in Addis Ababa. The new passport is expected to enhance security, streamline travel documentation, and modernize the country’s immigration system. The initiative is led by Immigration and Citizenship Services (ICS)

February 21, 2025 • By Addis Insight