Business

Hilton Expands Presence in Ethiopia with DoubleTree Hotels in Adama and Dire Dawa

Hilton is strengthening its footprint in Ethiopia with the signing of a deal with Brighton Hotels and Business Plc. to introduce two new DoubleTree by Hilton properties in Adama and Dire Dawa. Set to open in 2028, these hotels will bring internationally branded hospitality to two of Ethiopia’s key regional cities, supporting the country’s growing

February 18, 2025 • By Addis Insight

Business

Ethiopia Secures $600 Million Investment for Integrated Dairy and Commercial Farming Project

Addis Ababa, Ethiopia – Ethiopian Investment Holdings (EIH), Ethiopian Agricultural Business Corporation (EABC), and Asset Green have entered into a Shareholders Agreement (SHA) to jointly invest in an Integrated Dairy and Commercial Farming Project. The partnership aims to enhance Ethiopia’s agricultural sector through large-scale commercial investment and the introduction of advanced agricultural technology. The SHA

February 18, 2025 • By Addis Insight

Business

Airbus signs Flight Hour Services contract for Ethiopian Airlines’ A350 fleet

Dubai, United Arab Emirates, 17 February 2025 – Airbus has signed a 7-year Flight Hour Services (FHS) contract with Ethiopian Airlines for the comprehensive maintenance of its fleet of 24 Airbus A350 aircraft, including both the A350-900 and A350-1000 models. This agreement will provide Ethiopian Airlines with dedicated on-site stock in Addis Ababa, access to

February 17, 2025 • By Addis Insight

Business

Ethiopia’s Debt Crisis: Why Investors and the IMF Are Clashing

Ethiopia is caught in a financial dispute between international investors and the International Monetary Fund (IMF). At the center of this issue is Ethiopia’s $1 billion bond—a loan it took from private investors but stopped repaying in 2023 due to economic struggles and a civil war. Now, Ethiopia is trying to renegotiate its debt, but

February 17, 2025 • By Addis Insight

Business

Ethiopia Set to Introduce New Passport and Visa System by End of the Month

Ethiopia is set to officially introduce a new passport and visa system by the end of the current Ethiopian month, Yekatit 2017 (February 2025), according to the Immigration and Citizenship Service. The revised passport, designed with advanced security features and enhanced aesthetics, will replace the existing version, while the visa system will also undergo a

February 16, 2025 • By Addis Insight

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