Business

Ethiopian Aviation Academy upgraded to university level

Ethiopian Aviation Academy, the largest and oldest Aviation Academy in the region, is pleased to announce that it has been upgraded to an aviation university.  The university has launched undergraduate and postgraduate programs in aerospace and hospitality fields. The Aviation Academy has been offering aviation training programs such as pilot, aircraft technician, cabin crew, airline

March 6, 2023 • By Addis Insight

Business

Meet the 11 startups joining BIC Ethiopia Catalyser programme

FUELING ETHIOPIA’S FUTURE Ready for some exciting news from Ethiopia’s entrepreneurial landscape? The country is buzzing with the energy and innovation of its young entrepreneurs, fueling its economy and shaping its future. And GrowthAfrica is proud to be a part of this transformation! As a key player in the BIC ETHIOPIA Incubation, funded by the

March 1, 2023 • By Addis Insight

Business

Ethiopian Airlines To Resume Flights From Côte d’Ivoire To JFK

Ethiopian Airlines is set to resume flights between New York and Abidjan after nearly three years. Continuing with its impressive international route expansion, Ethiopian Airlines is set to operate yet another route between New York and Côte d’Ivoire starting on May 23. The airline will resume the flight between New York JFK international and Felix Houphouet Boigny International Airport

February 28, 2023 • By Addis Insight

Business

Ethiopian adds Xiamen and Shenzhen to its cargo destinations in China

Addis Ababa, 10 February 2023 Ethiopian Cargo & Logistics Services, Africa’s largest network operator, has started two weekly freighter flights today connecting Xiamen with São Paulo and Santiago via Addis Ababa. Ethiopian also plans to commence two weekly freighter flights between Shenzhen and Liège as of February 17, 2023. Ethiopian will deploy B777 Freighter on

February 27, 2023 • By Addis Insight

Business

Bole Fana Consumers Public Recreation Center demolished after 50 years in service 

Bole Fana Consumers Public Recreation Center demolished after 50 years in service  Addis Insight confirmed that the Bole Fana Consumers Association, which has been providing services to the community for the past 50 years, has been dissolved. It is not to be forgotten that when the unions were told about the demolition of this public

February 27, 2023 • By Addis Insight

Business

The need to revisit the Ethiopian Standard Industrial Classification Directive No.17/2019 in light of the New Investment Regime

By- Dereje Ashenafi It has almost been three years since the adoption of the new Investment Proclamation No.1180/2020 (Investment Proclamation) and Investment Regulation No. 447/2020 (the Investment Regulation) (together‘ the New Investment Regime’). The New Investment Regime has introduced a new policy shift from ‘positive listing’ to ‘negative listing’ regarding FDI.  With a negative listing

February 24, 2023 • By Addis Insight

Business

Ethiopian Airlines to resume direct flights between Abidjan and New York

Ethiopian Airlines, the largest network operating carrier in Africa, has announced the resumption of its direct flights between Abidjan and New York John F. Kennedy Airport as of 29 May 2023. Ethiopian first started serving New York from its main hub Addis Ababa via Abidjan in June 2019. However, the route was suspended in March

February 23, 2023 • By Addis Insight

Business

Key local & international stakeholders meet in Addis Ababa to finalize regulatory & legal issues ahead of launching Ethiopia’s first Industrial Gold Mining Project

February 23, 2023, Addis Ababa, Ethiopia: Major local and international stakeholders of the Tulu Kapi Gold Project, Ethiopia’s first modern mining development today officially kicked off a workshop that aims to resolve remaining consents and approvals paving the way to commence activities on the ground. The participants of the workshop include senior officials from the

February 23, 2023 • By Addis Insight

Business

ETHIOPIA: A NEW COMMERCIAL CODE

 Investors looking to enter the Ethiopian market or deepen their presence should seek to familiarise themselves with some recent legislative changes of the country’s commercial law that are set to significantly alter the legal landscape for both local and international players. Chief among those is the new commercial code (the “NCC”), approved by the House

February 21, 2023 • By Addis Insight

Business

Ethiopia Proposing $150 Million License Fee For M-Pesa and Other Mobile Operators

The National Bank of Ethiopia, the country’s industry regulator is proposing a $150 million license fee from M-Pesa and other mobile operators who want to set up shop in the country. In a draft proposal signed by Solomon Damtew, the Payment and Settlement System Director at the National Bank of Ethiopia, the regulator is referring to the $150 million fee as an

February 20, 2023 • By Addis Insight