Business

Gamifying Education: HaHu Scripts – The First Interactive App to Transform #Amharic and #Tigrigna Literacy and Culture!

In the face of alarming literacy statistics in Ethiopia, a groundbreaking initiative has emerged to address the educational challenges faced by the nation’s youth. The World Bank Policy brief on Education in Ethiopia recently revealed that a staggering 90% of 10-year-olds struggle to read a sentence, and only 1% of 4th and 5th graders demonstrate

January 12, 2024 • By Addis Insight

Business

Raxio Ethiopia appoints Degol Gossaye as its new General Manager

Tier III certified carrier-neutral facility in Addis Ababa provides innovative infrastructure to support the region’s ambition for digital inclusion. Addis Ababa, Ethiopia, 4 January 2024 – Raxio Data Centres, a leading provider of state-of-the-art carrier-neutral data centres across Africa, announced that it has appointed Degol Gossaye as its new General Manager of Raxio Ethiopia. Mr.

January 4, 2024 • By Addis Insight

Business

Digitizing Ethiopia’s Future: BeSingularity’s Revolutionary Sales Model

In the ever-evolving business environment of Ethiopia, BeSingularity has marked its presence as an innovative force in digitizing sales and distribution channels. Established in January 2021, the company swiftly positioned itself as a significant contributor to solving unemployment issues and helping bridge the digital divide in East Africa. BeSingularity’s ambition is to mobilize a million

January 3, 2024 • By Addis Insight

Business

Addis Ababa hosted the 6th Annual Real Estate and Home Expo

Addis Ababa, Ethiopia, January 01, 2024 – ET Real Estate and Home Expo, an annual gathering of the leading local and international home developers showcasing the latest offers and solutions hosted for the 6th time in Addis Ababa, Skylight Hotel. The two-day event was a one- stop destination to fuilfill housing, furnishing, and finishing needs

January 1, 2024 • By Addis Insight

Business

itel Mobile Ethiopia Welcomes Nuhamin Meseret as Brand Ambassador

Addis Ababa, Ethiopia – December 25, 2023: itel Mobile Ethiopia is excited to announce the appointment of Nuhamin Meseret, Actress and advertising model, as the brand ambassador. This collaboration marks a significant milestone for itel Mobile Ethiopia as the brand continues to strengthen its presence in the dynamic Ethiopian market.  Itel Mobile Ethiopia plans to

December 27, 2023 • By Addis Insight

Business

African Development Bank Withdraws International Staff from Ethiopia Amid Security Concerns

Date: December 19, 2023 The African Development Bank (AfDB) has announced the immediate withdrawal of all its international staff from Ethiopia, citing severe security incidents and breach of diplomatic protocol. In an internal memorandum dated December 19, 2023, Dr. Akinwumi A. Adesina, President of the AfDB, expressed deep concern over the recent unlawful arrest and

December 20, 2023 • By Addis Insight

Business

Fitch Downgrades Ethiopia to “C”: Missed Bond Payment Triggers Default Warning

Fitch Ratings agency dealt a harsh blow to Ethiopia’s already troubled economy on Thursday, downgrading its credit rating further into junk territory and warning of a heightened risk of default. This comes as the East African nation grapples with the fallout of a devastating civil war and struggles to meet its financial obligations. The trigger

December 14, 2023 • By Addis Insight

Business

Unleash the Power of Infinix HOT 40: Elevate Your Mobile Experience!

Are you looking for a new smartphone that can handle your gaming needs and more? If so, you might want to check out the infinix HOT 40, the latest and greatest device from infinix. This phone is packed with amazing features that will blow your mind and make your gaming experience smoother than ever. Let

December 14, 2023 • By Addis Insight

Business

itel Announces its Rebranding Initiative: Redefining Smart Life Service in Emerging Markets Including Ethiopia 

Addis Ababa, Ethiopia December 5, 2023 – itel, the global leading smart life brand committed to providing quality consumer electronic products, is thrilled to announce a monumental shift in its rebranding logo and brand identity, and rewriting the playbook on which it means to live the smart life.  As part of its commitment to cater to

December 5, 2023 • By Addis Insight

Business

Awash Bank Records a 9.8 Billion Birr Profit in a Challenging Year

In a challenging global economic environment marked by the ongoing impact of the Russia-Ukraine war and the aftermath of the COVID-19 pandemic, Ethiopia’s Awash Bank has reported a significant rise in profits for the financial year 2022/23. The announcement was made during the bank’s 28th annual general meeting, hosted at the Skylight Hotel on November

November 28, 2023 • By Addis Insight