Business

Ethiopian Airlines to Take Delivery of 8 New Aircraft

Ethiopian Airlines has announced that it will take delivery of 8 new aircraft in a few months. The aircraft are part of a larger order of 26 new planes that the airline is negotiating to purchase. The CEO of Ethiopian Airlines Group, Mr. Mesen, said that the airline is also in talks with Boeing and

August 7, 2023 • By Addis Insight

Business

Introducing TECNO’s New CAMON 20:Where Style Meets Innovation

In today’s fast-paced world, staying connected and having a smartphone that not only caters to your technological needs but also complements your personal style has become paramount. Look no further than the stunning TECNO CAMON 20 series – an exceptional blend of cutting-edge technology and fashionable design that has set a new benchmark in the

August 7, 2023 • By Addis Insight

Business

Regus Launches offeNew Flexible Workspace Solution for Entrepreneurs and Businesses

Addis Ababa, Ethiopia – August 03, 2023– Regus, the world’s leading provider of flexible workspace solutions, is thrilled to announce the launch of its new workspace solution designed specifically for entrepreneurs and businesses. This innovative solution aims to provide flexible and convenient working spaces, enabling businesses and entrepreneurs to work in a professional environment without

August 3, 2023 • By Addis Insight

Business

Federal High Court Lifts Ban on 21 EFFORT-Managed Organizations

The Federal High Court has lifted the ban on 21 organizations under the Tigray Rehabilitation Endowment Fund (EFFORT). The court also ordered that the responsibility of Commercial Nominees Limited Liability Company, which has been temporarily managing the companies, be revoked. The decision was made on July 28, 2023, at a hearing held by the 1st

August 1, 2023 • By Addis Insight

Business

ICJ and Kazana Group Launch 3rd Round of Open Pitch Competition for Ethiopian Startups

Inclusion Japan (ICJ), a Tokyo-based venture capital firm, and Kazana Group, an Ethiopian-based holding company, have announced the launch of their third round of open pitch competition for startups in Ethiopia. The competition, which will be hosted at the ALX Tech Hub on August 15, 2023, provides local entrepreneurs with a chance to secure funding

August 1, 2023 • By Addis Insight

Business

Laureate Dr. Melaku Worede, Pioneer of Biodiversity Conservation, Passes Away

The Ethiopian Biodiversity Institute (EBI) announced today the passing of Dr. Melaku Worede, the institute’s founder and former chief. Dr. Worede was a world-renowned biodiversity researcher who made significant contributions to the establishment of indigenous crops and plants seed banks and biodiversity conservation centers in Ethiopia and other countries. Dr. Worede was born in Ethiopia

July 31, 2023 • By Addis Insight

Business

World Bank President to Visit Ethiopia

Ajay Banga, the new president of the World Bank, will pay an official visit to Ethiopia from July 31 to August 1. During his visit, Banga is scheduled to meet with Prime Minister Abiy Ahmed, Finance Minister Ahmed Shide, and National Bank Governor Mamo Mehretu. He will also meet with African Union Commission Chairman Musa

July 28, 2023 • By Addis Insight

Business

Ethiopia and World Bank Sign $400 Million Financing Agreement

July 27, 2023 The Government of the Federal Republic of Ethiopia and the World Bank signed a Financing Agreement amounting to a total of 400 million US Dollars The Ministry of Finance and the World Bank virtually signed a Financing Agreement amounting to a total of US$ 400 million (approximately ETB 21.8 Billion) of which

July 27, 2023 • By Addis Insight

Business

CBE Soars to 1.1 Trillion Birr in Deposits, Surpasses Target by 18.3%

Commercial Bank of Ethiopia (CBE) has announced that it has made a remarkable achievement in the 2015 Ethiopian fiscal year, with its deposits soaring to an astounding 1.1 trillion birr. This groundbreaking milestone accounted for half of all deposits mobilized within the banking industry. Over the course of the fiscal year, a staggering 163.2 billion

July 26, 2023 • By Addis Insight

Business

Telebirr Transactions Soar 22.6 Folds to 679.2 Billion Birr

Ethio Telecom’s mobile money platform, Telebirr, has seen its transactions soar 22.6 folds to 679.2 billion birr ($2.8 billion) in the latest year. This growth was driven by a number of factors, including the expansion of the platform’s acceptance at merchants and the increasing use of Telebirr for bill payments and money transfers. Telebirr now

July 24, 2023 • By Addis Insight