Business

Ethiopian Airlines Transports 50 Million Flower Stems for Valentine’s Season

Ethiopian Cargo and Logistics Service has successfully transported an impressive 50 million stems of flowers, amounting to 4,200 tons, in preparation for the Valentine’s season. As one of the world’s leading air cargo operators, Ethiopian Cargo plays a crucial role in the global flower supply chain, ensuring that fresh blooms reach markets across different continents

February 15, 2025 • By Addis Insight

Business

MIDROC Investment Group Breaks Ground on 2.6 Billion Birr Luxury Resort in Hawassa

Hawassa is set to welcome a new era of luxury and hospitality as MIDROC Investment Group officially begins construction on its latest landmark project—a 2.6 billion birr resort that promises to redefine tourism in the city. A Grand Vision Takes Shape The highly anticipated resort, Four Points by Sheraton Hawassa, is being developed on a

February 14, 2025 • By Addis Insight

Business

Ethiopia’s Inflation Declines as Exports and Foreign Exchange Flows Increase

Addis Ababa, Ethiopia – Ethiopia’s economic landscape is undergoing significant changes, with inflation rates reaching a five-year low, exports witnessing record growth, and foreign exchange availability improving. The latest data from the National Bank of Ethiopia (NBE) and the Ethiopian Statistical Service indicate a shift in key economic indicators, reflecting ongoing policy adjustments and market

February 14, 2025 • By Addis Insight

Business

Ethiopia’s Gold Exports Surge 735%, Foreign Currency Inflows Jump 23.3%

The National Bank of Ethiopia (NBE) has announced significant economic changes, with inflation dropping to 15.5% in January 2024, down from 29.4% a year ago—a 13.9 percentage point decline. Food inflation fell by 16.6 percentage points, while non-food inflation dropped by 10.2 percentage points. Meanwhile, Ethiopia’s export sector has reached record highs, with gold exports

February 13, 2025 • By Addis Insight

Business

Neb Bank Launches New Digital Payment Systems

Neb International Bank has officially launched its latest digital service applications, Neb Amber Pay and Neb Paystream, designed to streamline financial transactions and enhance payment convenience for customers. The launch event took place on February 5, 2017, at the bank’s headquarters. Speaking at the ceremony, Neb Bank CEO Ato Henok Kebede highlighted the significance of

February 13, 2025 • By Addis Insight

Business

Ethiopian Airlines Takes Action Over Unauthorized Video Shoot by Artist Piplone

Legal Implications Being Assessed Ethiopian Airlines has taken administrative action regarding an unauthorized video shoot by artist Piplone within its premises. The airline’s legal department is currently reviewing the situation to determine if there are grounds for legal proceedings. According to Ethiopian Airlines’ CEO Mesfin Tasew and Chief Commercial Officer Lemma Yadecha, the incident came

February 12, 2025 • By Addis Insight

Business

Telebirr Hits 51.5 Million Users, Facilitating 1.03 Trillion ETB in Transactions

Telebirr Hits 51.5 Million Users, Facilitating 1.03 Trillion ETB in Transaction Ethio Telecom’s financial performance in the first half of the 2024 fiscal year has been robust, highlighted by an EBITDA of 32.82 billion ETB, reflecting a profitability margin of 55.6%. The company also reported 61.9 billion ETB in total revenue, achieving 90.7% of its

February 12, 2025 • By Addis Insight

Business

EthioTelecom Inaugurates Ultra-Fast Electric Vehicle Charging Station

Addis Ababa, Ethiopia – EthioTelecom has launched an ultra-fast electric vehicle (EV) charging station at the Bole Road junction, developed in collaboration with various partners. The initiative is part of efforts to support Digital Ethiopia and contribute to the country’s transition toward sustainable transportation. Ultra-Fast Charging Technology Introduced The newly inaugurated station features an ultra-fast

February 11, 2025 • By Addis Insight

Business

Addis Ababa Nears Completion of Its First International Convention Center

Addis Ababa, Ethiopia – The capital city is on the verge of completing the construction of the Addis International Convention Center, the first and largest world-class convention and exhibition hub in Ethiopia. The project, which aims to elevate Addis Ababa’s status as a premier destination for global conferences and exhibitions, is now in its final

February 11, 2025 • By Addis Insight

Business

Ethiopia E-Mobility Sector on the Upswing

In a significant development for Ethiopia’s burgeoning e-mobility sector, the country’s first Electric Motorbike Owners Association has been established, marking a pivotal step toward fostering a supportive ecosystem for electric vehicle (EV) adoption. With over 280 members already onboard, the association aims to streamline licensing processes, provide resources for riders, and promote compliance with city

February 8, 2025 • By Addis Insight