Business

Kenya Grants Visa Fee Relief for Ethiopian Visitors

In a significant update, the Ethiopian Ambassador to Kenya has announced that Ethiopian travelers will no longer be required to pay the $30 Electronic Travel Authorization (ETA) fee when visiting Kenya. Last year, President William Ruto of Kenya announced visa-free entry for citizens of African nations, aiming to enhance intra-African travel. However, it was later

February 20, 2024 • By Addis Insight

Business

The Ethiopian Capital Market Authority Announces Transformative Developments in the Capital Markets Sector

Press Briefing Addis Ababa, February 7, 2024 – The Ethiopian Capital Market Authority (ECMA) is pleased to announce significant milestones in the country’s capital market sector. This development underscores the authority’s commitment to fostering a resilient and dynamic capital market ecosystem. The focal point of today’s press conference will be the recent adoption of the Capital Markets

February 7, 2024 • By Addis Insight

Business

Between Hashtags and Heartbreaks: Ethiopian Influencers at the Crossroads of Personal Choices and Public Perception

By Fikir Belete In the realm of marketing in Ethiopia, things are changing in how companies tell people about their products. They’re not relying so much on TV or radio; instead, they’re using social media like Instagram, Twitter, Facebook, and TikTok. This change is creating a big chance for influencers. Now, more people can get

January 31, 2024 • By Addis Insight

Business

20 Million Euro Extravaganza: Unveiling the Lavish Transformation of Ethiopia’s Palace

The exorbitant and unresponsive nature of the expenses incurred in the agreement signed between Ahmed Shide, the Minister of Finance, Valérie Tehio, the Country Director of the French Development Agency (AFD), and Frederic Bontems, the then Ambassador of France to Ethiopia and the African Union, has raised concerns. This agreement locked in a staggering 12

January 30, 2024 • By Addis Insight

Business

TECNO Mobile Ethiopia Unveils the SPARK 20 Pro+ and SPARK 20 Series Limited Edition 

unveiling in Celebration of the African Cup of Nations, SPARK 20 Pro+ brings elevated design and technologies to the popular SPARK 20 Series.   Addis Ababa, Ethiopia January 20, 2024: Innovative technology brand TECNO today unveiled its latest SPARK 20 series model at a grand event in Addis Ababa attended by TECNO Mobile Ethiopia executives, Senior representatives

January 22, 2024 • By Addis Insight

Business

Ethiopia’s Regulatory Authority Signals Open Doors for Foreign Banks

Ethiopia is set to enhance its economic landscape by allowing foreign banks to obtain licenses for domestic banking services, as announced by the regulatory authority. The Ethiopian Capital Market Authority, following an order from the Ministry of Justice, is initiating the licensing process, according to Mr. Bruck Taye, the head of the authority, as reported

January 18, 2024 • By Addis Insight

Business

Ethiopost CEO Hanna Arayaselassie Named Head of Ethiopian Investment Commission

On January 17, 2023, Prime Minister Abiy Ahmed (PhD) revealed the selection of Hanna Arayaselassie as the newly appointed head of the Ethiopian Investment Commission (EIC). Having steered Ethiopost since 2020, Hanna orchestrated a substantial institutional reform, resulting in a notable enhancement of service quality. Under her guidance, Ethiopost witnessed a threefold surge in revenues,

January 18, 2024 • By Addis Insight

Business

Diplomatic Air Turbulence: Ethiopian Airlines Entry Denied Amid Somalia-Ethiopia Strife

In a significant heightening of regional tensions, Somali authorities decided to deny entry to an Ethiopian Airlines flight on Wednesday. The flight was transporting a delegation to introduce a high-ranking Ethiopian leader to Somaliland. This incident adds further complexity to the already strained relationship between Somalia and its eastern neighbor. The Somali Civil Aviation Authority

January 17, 2024 • By Addis Insight

Business

From Horn to Horizon: Ethiopia’s Naval Aspirations, USA’s Strategic Silence

The recent agreement granting Ethiopia leasing rights to the Red Sea coastline in Somalia’s breakaway Somaliland region has raised national security concerns for the White House, according to administration officials on Tuesday. Despite the deal being inked on January 1, questions arise regarding Washington’s commitment and ability to mediate tensions in this volatile region. Redwan

January 17, 2024 • By Addis Insight

Business

Zemen Bank Marks Milestone with 5% ESX Investment in Ethiopia

In a historic development, Zemen Bank S.C. has achieved the milestone of becoming the inaugural privately held entity to invest in the Ethiopian Securities Exchange (ESX), securing a substantial 5% stake in the burgeoning stock market. With a valuation of 47.5 million birr, the bank’s acquisition not only surpasses the prescribed minimum investment threshold but

January 12, 2024 • By Addis Insight