Business

The Benefits of the Ethiopian Stock Exchange for Small and Medium-sized Enterprises (SMEs)

By- Henok Gidey Small and Medium-sized Enterprises (SMEs) are the backbone of many economies, including Ethiopia. They play a pivotal role in job creation, innovation, and overall economic growth. To support and empower these SMEs, the Ethiopian government has taken significant steps to encourage their participation in the Ethiopian stock exchange. This move is expected

November 6, 2023 • By Addis Insight

Business

Impact vs. Number-Driven Startups: Striking the Balance in Ethiopia’s Startup Ecosystem

By- Fikir Belete  The startup ecosystem in Ethiopia is a dynamic and vibrant space, bustling with innovation, creativity, and ambition. It is now getting the recognition it deserves for having the potential to serve as a catalyst for economic growth, job creation, and technological advancements. The key stakeholders are doing a self-assessment and realizing the

November 2, 2023 • By Addis Insight

Business

Dashen Bank Achieves Record Profit of 5 Billion Birr in 2015 Fiscal Year

Dashen Bank announced that it made a profit of 5 billion birr before tax in the 2015 fiscal year, an increase of 31.9 percent compared to the same period of the previous year. The bank’s 30th regular meeting of shareholders was held on that day. At the meeting, Dashen Bank board chairman Dula Mekonon and

October 27, 2023 • By Addis Insight

Business

NBE’s New Circular: A Threat to Access to Finance and Investment

By Tsegamlak Solomon  The National Bank of Ethiopia (NBE) recently issued a circular on the legality of interest-bearing private loans, which will have a significant implication on access to finance and investment in Ethiopia. In the circular dated October 08, 2023, the NBE, in a far-fetched argument, equated “lending with interest” with “providing banking business

October 25, 2023 • By Addis Insight

Business

Ethiopia Hosts Enkopa Summit, a Celebration of Innovation

On October 12 and 13, 2023, the Enkopa Summit was held in Addis Ababa, Ethiopia. The summit was a two-day event that brought together entrepreneurs, investors, policymakers, and other stakeholders from across the country and around the world to celebrate and promote entrepreneurship, innovation, and technology in Ethiopia. The summit featured a variety of speakers

October 21, 2023 • By Addis Insight

Business

Empowering Tech Innovation and Nurturing Lucrative Tech Careers: RiseBack Expands to Ethiopia

Rise N Start Ignite, Ethiopia’s First Student Startup Pitch Competition Addis Ababa/USA RiseBack.org, the World’s 1st affordable education platform to empower students and professionals to foster creativity, problem-solving, and cross-disciplinary collaboration, catalyzing Ethiopia’s journey to becoming a tech-driven economic powerhouse. Leading the way is Rise N Start Ignite, Ethiopia’s pioneering Startup Pitch Competition for students.

October 19, 2023 • By Addis Insight

Business

Reliance on Djibouti Port is Unsustainable due to Outrageous Costs and illegal practices and embezzlement practices at the highest level.

Djibouti’s president Ismail Omar Guelleh. © Tiksa Negeri/Reuters By – Nigist Berta At present Ethiopia’s imports and exports mainly pass via the port of Djibouti. Reliance on Djibouti has proved costly and unsustainable, however, leading Addis to search for alternatives.  Djibouti is where USAID stores these items for its food assistance programs so it was

October 13, 2023 • By Addis Insight

Business

Forex trading: A risky path to riches for Ethiopian youth

By Micheal Legesse In the grand theatre of global finance, forex trading takes centre stage as a colossal and tempestuous sea. It’s a realm where the world’s currencies ebb and flow like capricious tides, and every rise and fall can spell fortune or ruin for those daring enough to navigate its waters. In the hands

October 13, 2023 • By Addis Insight

Business

Enkopa Summit Ignites Transformation in Ethiopia through Entrepreneurship, Innovation, and Tech

Addis Ababa, Ethiopia – October 12, 2023 – Enkopa Summit, an unprecedented industry event centered around entrepreneurship and innovation, inaugurated today in Addis Ababa, Ethiopia. Under the authority of the Ministry of Labor and Skills, pioneered by Laurendeau & Associates and organized by Flawless Events, this highly anticipated summit aims to redefine Ethiopia’s economic growth

October 12, 2023 • By Addis Insight

Business

Can Forex Trading Help Ethiopia’s Youth Achieve Financial Freedom?

By- Beakal Anlye Introduction Hey there did you fail your university entry exam? are you feeling sad about the state of your life, lack of jobs, and whatnot? then forex trading may just be the thing for you.  In recent years a new trend has been seen more and more, with better access to foreign

October 10, 2023 • By Addis Insight