Business

Veriq Launches to Help Ethiopian Businesses Combat Digital Payment Fraud

ADDIS ABABA, ETHIOPIA — As digital payments surge across Ethiopia, local businesses are facing a growing threat: fraudulent or reused payment confirmations. To bridge this trust gap, software engineer Abel Legesse has announced the launch of Veriq, an Android-based verification tool designed to protect merchants from transaction fraud in real time. Veriq tackles the “fake

January 28, 2026 • By Addis Insight

Business

Ethiopia to Launch Fuel Transportation by Rail in Logistics Reform Push

Ethiopia will begin transporting fuel products by rail starting Tuesday, marking a major shift in how the country moves strategic imports and signaling a renewed push to reduce logistics costs, foreign-exchange losses, and pressure on its overstretched road network. The pilot project is being implemented by the Ethio-Djibouti Railway Joint Stock Company (EDRC) in partnership

January 28, 2026 • By Addis Insight

Business

Italy to Hold Italy–Africa Summit in Addis Ababa for the First Time

Italy will convene the second Italy–Africa Summit on February 13 in Addis Ababa, in a landmark move that brings the high-level forum to African soil for the first time. The summit will be held on the margins of the African Union (AU) Summit, immediately ahead of the AU Assembly of Heads of State and Government,

January 28, 2026 • By Addis Insight

Business

Zemen Bank Assets Hit 106 Billion Birr as Mid-Year Profit Tops 5 Billion

Addis Ababa — Zemen Bank reported a strong first-half performance in the 2018 Ethiopian fiscal year, with total assets rising to 106 billion birr and customer deposits reaching 80 billion birr, underscoring steady growth and deepening customer confidence. Speaking at the bank’s mid-year performance review, CEO Dereje Zebene said Zemen Bank generated more than 5

January 28, 2026 • By Addis Insight

Business

Ethiopian Airlines secures five-year ExxonMobil aviation lubricants supply deal

Ethiopian Airlines Group has signed a five-year agreement to source ExxonMobil aviation lubricants through Aeroservices, an authorized ExxonMobil aviation distributor, shoring up a critical input for the maintenance of Africa’s largest airline fleet. The long-term contract covers the supply of technical lubricants used across engines, hydraulic systems and aircraft components, a category of materials that

January 27, 2026 • By Addis Insight

Business

Ethiopia’s Central Bank Clears $500 Million FX Auction at 154.82 Birr

The National Bank of Ethiopia (NBE) on Tuesday successfully completed a $500 million special foreign exchange auction, marking the largest single FX intervention since the launch of Ethiopia’s market-based foreign exchange reforms. According to official results released by the central bank, total bids reached $592.3 million, exceeding the amount on offer and underscoring sustained demand

January 27, 2026 • By Addis Insight

Business

Commercial Bank of Ethiopia Surpasses 2 Trillion Birr in Deposits for the First Time

The Commercial Bank of Ethiopia (CBE) has crossed the 2 trillion birr total deposit mark for the first time in its history, marking a major milestone in line with its five-year institutional strategy. The achievement was announced during the official opening ceremony of the bank’s annual Customer Service Week. Speaking on behalf of CBE President

January 27, 2026 • By Addis Insight

Business

NBE Unleashes Record US$500 Million FX Auction in Bold Signal to Markets

Ethiopia’s central bank is set to inject an unprecedented US$500 million into the foreign exchange market, marking the largest single FX auction in the country’s history and signaling a decisive shift toward liquidity support for growth, trade, and macro-stability. In a notice issued on Monday, the National Bank of Ethiopia (NBE) announced that it will

January 26, 2026 • By Addis Insight

Business

BEGO Healthcare Solution: An AI-Powered Electronic Medical Record System Transforming Clinical Operations

As healthcare systems grow in complexity, the tools that support medical professionals must evolve as well. Across many medical and dental clinics in Ethiopia, daily operations are still managed through paper records, disconnected software tools, and manual workflows. These fragmented systems create inefficiencies, limit visibility, and place additional strain on clinicians and administrators. Bego Healthcare

January 26, 2026 • By Addis Insight

Business

Haddis Tilahun’s : The Ethiopian Entrepreneur Who Helped Rebuild Namibia’s Skyline

On a clear Windhoek morning, the city’s modern core feels like a promise written in glass: clean lines, sharp sunlight, and a skyline that didn’t always look like this. From Freedom Square, you can read the story in a single glance—hotels rising where there used to be empty plots; corporate headquarters stitched into the center

January 26, 2026 • By Addis Insight