Business

Ethiopia increased Retail prices for petroleum products

The Ministry of Trade and Regional Cooperation announced that the selling price of petroleum products has increased starting from tomorrow, July 5, 2022 to July 5, 2022. Preparations are underway to finalize the price of oil products and profit margins, as well as price adjustment and implementation of targeted subsidies, at the 3rd regular meeting

July 5, 2022 • By Addis Insight

Business

Ethiopian airlines has opened a five-star terminal hotel inside the Bole International Airport

Ethiopian Airlines opens hotel in Addis Ababa Bole International Airport The hotel will provide modern hotel services, especially for international transit passengers. This airport hotel is a modern restaurant operated by Skylight Hotel; It is known to have a bar and 97 bedrooms. Long-haul transit passengers have been provided with comfortable bedrooms where they can

July 2, 2022 • By Addis Insight

Business

Ethiopian Airlines Is The Largest Operator Between Africa & Asia

Ethiopian Airlines probably gets more attention for its European and North American network than it does for South, Southeast, and North Asia. After all, Western markets account for two-thirds of its non-Africa and Middle East flights from many more routes. But that is just part of the story. The largest airline to Africa There’s no question about

July 2, 2022 • By Addis Insight

Business

Strathmore Business School Launches Partnership with Capital Business School, Ethiopia

Addis Ababa, July 1, 2022 – Strathmore Business School(SBS) and Capital Business School(CBS)  have entered into an exciting new partnership that aims at tackling the skills gap in corporate Ethiopia. CBS, launched in Addis Ababa, Ethiopia in  2022 caters to corporate organisations looking to get customised executive business training for their employees. Through these different types of executive

July 1, 2022 • By Addis Insight

Business

Ride officially launched its service Djibouti

The the Mayor of Djibouti City, Mr. Seid Daood;  has officially launched the operation of Ride service in Djibouti in the presence of Djibouti’s Ambassador to Ethiopia Berhanu Tsegaye and senior officials of both countries including Ride Founder & CEO Samrawit. Speaking on the occasion, Djibouti City Mayor Seid Daud said the expansion of Ride

July 1, 2022 • By Addis Insight

Business

The Addis Ababa City Administration Cabinet to submit the 100.05 billion birr

Addis Ababa City Administration Cabinet has decided to submit more than 100 billion birr plan to the council for the 2015 Ethiopian budget year The Addis Ababa City Administration Cabinet has decided to submit the 100.05 billion birr budget plan to the city council for approval. During the 11th regular meeting of the cabinet held

June 28, 2022 • By Addis Insight

Business

HEINEKEN Introduces Malt-based Energy drink to Ethiopian market

Addis Ababa Ethiopia, June 21, 2022 – The brewery giant HEINEKEN Ethiopia today officially introduced its latest product, a non-alcoholic Energy drink “BERTAT” to the Ethiopian Market. at a colorful ceremony attended by Mr Hubert Eze, Managing Director of Heineken and other invited guests, the new nonalcoholic Energy drink was unveiled. With the growing consumer demand for healthier

June 24, 2022 • By Addis Insight

Business

600 Million USD Financing Agreements signed between the FDRE Ministry of Finance and the World Bank

Financing Agreements signed between the FDRE Ministry of Finance and the World Bank Today June 24, 2022, a Financing Agreement amounting to US$ 600 million (US$ 200 million in the form of grant and US$ 400 million in the form of credit), for the implementation of the Food Systems Resilience Program (FSRP) and US$ 115

June 24, 2022 • By Addis Insight

Business

EIH on boards 27 public commercial assets including ethiotelecom & Ethiopian Airlines

Ethiopian Investment On-boards its Subsidiaries.How nations manage their resources is one of the key determinants on whether they succeed or fail in the path to wealth creation. While debating on key policy matters, policymakers tend to over-emphasize public debt and overlook the value of public assets. Globally, public assets are by far larger than public

June 23, 2022 • By Addis Insight

Business

Ethiopia has earned 513.9 million USD from gold production in the past 11 months

Ethiopia has earned 513.9 million USD from gold production in the past 11 months, according to the Minister of Mines, Engineer Takele Uma. This year’s export earnings are the second largest in terms of foreign exchange earnings from coffee exports. The ministry said the licenses of 972 investors in the mining, production and export sectors

June 22, 2022 • By Addis Insight