Business

Ethiopian Airlines Triples Frequency of Flights to Mekelle, Denies Age Restriction Allegations

Ethiopian Airlines announced today that it will be increasing its flights to Mekelle from once a day to three times a day, in order to better serve passengers traveling to and from the city. “We are committed to providing our passengers with the best possible service and we believe that increasing the frequency of our

January 14, 2023 • By Addis Insight

Business

From Africa To Georgia: Ethiopian Airlines Announces Atlanta Flights

From Africa To Georgia: Ethiopian Airlines Announces Atlanta Flights Atlanta joins Chicago O’Hare, JFK, Newark, Toronto, and Washington Dulles in having Ethiopian Airlines passenger flights. Ethiopian Airlines 787-9 landing-1Photo: Wirestock Creators I Shutterstock. Ethiopian Airlines has announced and put on sale Addis Ababa to Atlanta. It will be the sixth airport in the US and

January 12, 2023 • By Addis Insight

Business

Emirates holds assessment days to recruit cabin crew in Ethiopia. 

Addis Ababa, Ethiopia, January 12, 2023 – Emirates, the world’s largest international airline, is looking for candidates to join its multinational cabin crew team with assessment day planned in Addis Ababa on the 17th of January. The Dubai-based airline is looking for individuals who are passionate about delivering simple yet personalised and impeccable hospitality while creating memorable moments for its customers.

January 12, 2023 • By Addis Insight

Business

Telebirr’s Exceptional Performance: 166.1 Billion Birr in Transactions in the First 6 Months

Ethio Telecom, a leading telecommunications company in Ethiopia announced that it earned over 33.8 billion birr in the first half of the 2015 fiscal year, achieving 96% of its planned target. The company’s CEO, Frehiwot, attributed this success to the strong performance of its mobile payment service, Telebirr. Telebirr, which allows customers to pay for

January 12, 2023 • By Addis Insight

Business

Addis Abeba City Administration Suspends Land Services to Combat Illegal Occupation

The Addis Abeba City Administration’s decision to suspend all land-related services has created uncertainty for residents and businesses in the city. The suspension includes services such as land registration, transfer of ownership, and issuance of building permits. According to Kenia Yadeta (PhD), chief of the Addis Abeba Land Management Bureau, the suspension is necessary to

January 10, 2023 • By Addis Insight

Business

Equal Exchange Ethiopia Government’s plan to align official and black market dollar rates

Ethiopia is taking steps to address the widening gap between the official and black market exchange rates for the U.S. dollar. The government has established a committee made up of representatives from various sectors, including the National Bank of Ethiopia. This move comes as the official exchange rate for one dollar is at 54 birrs,

January 10, 2023 • By Addis Insight

Business

Kazana Fund launches an Angel Syndicate to invest in African founders

Kazana Fund announces the launch of its Angel Syndicate. This milestone is a major move for Kazana Fund on its mission to democratize access to capital and network for exceptional African founders and accelerate the growth of Africa’s digital economy. “We aim to build wealth through innovation and startups in the continent starting from Ethiopia. We

January 2, 2023 • By Addis Insight

Business

Safaricom Ethiopia Expands Network Footprint to 21 Cities Across the Country

Safaricom Ethiopia has announced the expansion of its network and services to five new cities in December 2021: Hawassa, Assela, Jigjiga, Sodo, and Dilla. This expansion brings Safaricom Ethiopia’s current network footprint across the country to 21 cities, including Dire Dawa, Harar, Haramaya, Adama, Bahir Dar, Bishoftu, Mojo, Debre Birhan, Awoday, Gondar, Addis Ababa, Sebeta,

December 28, 2022 • By Addis Insight

Business

Ethiopia’s Government Cracks Down on Illegal Money Laundering Ring: Over $20 Million Illegally Raised

 The Financial Security Service announced that it would ban money laundering of more than $20 million raised illegally.  The Financial Security Service (FS) has noticed that various individuals have been engaged in illegal activities of opening foreign currency accounts and Diaspora accounts in domestic banks.  So far, 85 individuals have been involved in the investigation

December 27, 2022 • By Addis Insight

Business

Tewolde Gebremariam to Play Key Role in Potential Sale of Kenya Airways to Delta Airlines

The Kenyan delegation, led by President William Ruto, recently met with officials from Delta Airlines in Washington to discuss a potential sale of Kenya Airways, the national carrier of Kenya. Tewolde Gebremariam, the former Group CEO of Ethiopian Airlines, who is now a senior strategy adviser for Delta, was also present at the meeting. Gebremariam

December 26, 2022 • By Addis Insight