Business

The End of an Era: Ethio Telecom Phases Out Copper for High-Speed Fiber

Ethio Telecom has announced the launch of its “Copper Switch Off” service, aimed at modernizing wired broadband internet and data-based voice services by transitioning from copper lines to fiber optics. Frehiwot Tamru, the CEO of Ethio Telecom, presented the new service to media professionals, explaining that copper technology has been a cornerstone of the telecommunications

September 24, 2024 • By Addis Insight

Business

Ethiopia Launches First-Ever Livestock Transport by Train to Djibouti

For the first time, Ethiopia has started transporting livestock by train to Djibouti. Chief Executive Officer of the Ethio-Djibouti Railway Joint Stock Company, Engineer Takele Uma, announced the launch of the railway transport service for livestock from Adama to Djibouti. Engineer Takele Uma recalled that previously, railway transport was only used for importing goods into

September 23, 2024 • By Addis Insight

Business

Meet Tayech Berihun: The Ethiopian-German Entrepreneur Empowering Kids Through LayuToys

In a world increasingly interconnected yet grappling with cultural displacement, Tayech Berihun saw an opportunity to empower children through playful learning. Her journey as the founder of LayuToys is not just about creating toys—it’s about preserving language, celebrating diversity, and fostering cultural pride in children. In this spirited interview, Tayech shares the inspiration, challenges, and

September 21, 2024 • By Addis Insight

Business

Ethiopian Airlines Celebrates 60 Years of Uninterrupted Service to Rome: A Milestone in Aviation Excellence

Addis Ababa, 20 September 2024 – Ethiopian Airlines Group, Africa’s leading aviation powerhouse, proudly celebrates six decades of uninterrupted service to Rome, Italy. In honor of this remarkable milestone, the airline hosted a vibrant event in the heart of Rome, attended by high-ranking government officials from both Ethiopia and Italy, corporate guests, and key stakeholders,

September 21, 2024 • By Addis Insight

Business

Ministry of Finance Issues New Directive on Social Development Tax Exemptions

The Ministry of Finance has recently introduced Directive No. 1023/2017, aimed at identifying goods exempt from the social development tax levied on imported items. This directive is designed to support key social sectors and provide relief for communities affected by both natural and man-made crises. Purpose of the Directive The directive outlines exemptions from social

September 21, 2024 • By Addis Insight

Business

Ethiopian Airlines Boosts Connectivity: 10 Weekly Flights to Guangzhou

Ethiopian Airlines, Africa’s largest and fastest-growing airline, has announced a significant expansion of its flight services to China. As of September 26, 2024, the airline has increased its weekly passenger flights to Guangzhou, one of China’s major commercial hubs, from seven to 10 flights. This strategic move reflects the airline’s continued efforts to meet the

September 20, 2024 • By Addis Insight

Business

EthioTelecom Aims to Expand Telebirr Service to 55 Million Subscribers by 2025

EthioTelecom, a cornerstone of Ethiopia’s telecommunications industry for over 130 years, has unveiled ambitious plans for the 2024/25 fiscal year, entering the third year of its LEAD growth strategy. While the company has played a pivotal role in the nation’s socio-economic development, its current focus shifts to accelerating Ethiopia’s digital transformation, with Telebirr mobile money

September 19, 2024 • By Addis Insight

Business

Ethiopian Airlines to Make History with Africa’s First Airbus A350-1000 Arrival in October

Ethiopian Airlines is poised to make history with the delivery of the Airbus A350-1000, scheduled for October. This landmark event will see Ethiopian Airlines become the first African carrier to operate this state-of-the-art aircraft, underscoring its leadership role in the continent’s aviation sector. The Airbus A350-1000 is a cutting-edge addition to the A350 family, designed

September 18, 2024 • By Addis Insight

Business

Ethiopian Birr Loses Ground: Hits 132 in Black Market After Currency Liberalization

The Ethiopian birr recorded another fall against the U.S. dollar in the black market today, continuing a troubling trend that began last month following the Ethiopian government’s announcement of macroeconomic reforms and the liberalization of the foreign exchange market. The birr has dropped to 132 birr per dollar in the parallel market. The government had

September 18, 2024 • By Addis Insight

Business

From Binance’s Legal Drama to Ethiopia’s Crypto Surge: Exploring Africa’s New Blockchain Hub

By– Edomiya Girmay The rise of Web 3.0 marks a major shift in the digital landscape. Built on the foundation of decentralization, Web 3.0 aims to give users more control over their data by eliminating intermediaries, which is made possible by blockchain technology. Blockchain, created to ensure transparent, secure, and decentralized record-keeping, has been essential

September 17, 2024 • By Addis Insight