Business

Oromia Cooperative Bank introduces a new digital platform for loans

In collaboration with Payment Financial Technologies, Oromia Cooperative Bank has introduced a new digital platform called “Mechu” to provide loans without collateral. It is believed to be the first convenient loan service for small and medium enterprises that cannot access credit. It is a conventional loan and recovery application that you can use by downloading

January 13, 2022 • By Addis Insight

History

New analysis shows early sapiens found in Ethiopia date older than estimated

Homo sapiens specimen found at the site Kibish Omo I, was discovered by volcanologist Prof. Céline Vidal of the University of Cambridge, Prof. Aurélien Mounier, a paleoanthropologist with the Museum of Mankind in Paris, and colleagues. The remains of the Kibish Omo I from Ethiopia — among the oldest known fossils of Homo sapiens in

January 13, 2022 • By Addis Insight

Business

An innovative event connecting Diaspora and Local Experts kicked off in Addis Ababa

Addis Ababa, Ethiopia, January 12, 2022 – An innovative event dedicated to connecting and inspiring diaspora with home-based experts from all sectors has officially started in Addis Ababa today. The event held under the theme “Connecting diaspora and home-based professionals to make a lasting Impact” showcased the power of effective partnerships in today’s fast-paced, interconnected

January 12, 2022 • By Addis Insight

Ethiopian War

Does the Departure of Jeffrey Feltman Signal a Change of Course in the US’s Foreign Policy?

It seems Jeffery Feltman, the US special envoy to the Horn of Africa (HOA), will be leaving his post soon. Reports indicate he will be replaced by the former US ambassador to Turkey (June 27, 2019-Dec 10, 2021) David Satterfield. Some in the Ethiopian body politic have speculated, Feltman’s departure was a win for Ethiopian diplomacy given

January 12, 2022 • By Addis Insight

Business

Dangdang criticize Luckin coffee monopolizing over Hambella coffee

Recently, Dangdang, a Chinese electronic commerce company, criticized Luckin coffee’s purchase of nearly half of the available Hambell coffee beans, suggesting that the transaction may constitute a masked monopoly in the upstream supply chain. The METAD Agricultural Development PLC owns Hambella coffee, a family-run business, distinctive in that it comes from a single estate in

January 12, 2022 • By Addis Insight

Business

News Alert:  Central Bank Lifts Restrictions Placed on Bank Transfers 

The National Bank of Ethiopia lifts the limit placed on bank transfers. It was a rule introduced to discourage players in the informal exchange market. Customers of banks were not allowed to make more than five bank transfers a week since the beginning of last year. Frezer Ayalew, Director of Banking Supervision at the National

January 11, 2022 • By Addis Insight

Ethiopian War

Prime Minister Abiy held talks with President Biden

Prime Minister Abiy Ahmed has announced that he held talks with US President Joe Biden on current affairs. During his phone conversation with the President, the Prime Minister also discussed bilateral relations and regional issues. The Prime Minister also said that constructive participation based on mutual respect is of great benefit to the two countries.

January 10, 2022 • By Addis Insight

News

Defense Forces Inaugurates New Headquarter

Defense Forces Graduation Ceremony and Special Heroes Ceremony A ceremony was held at the Defense Headquarters building in Addis Ababa. The ministry’s new building covers an area of ​​13,000 square meters and has five floors and more than 700 offices. It includes meeting halls, libraries, research centers and an organized information center. The inauguration ceremony

January 9, 2022 • By Addis Insight

Ethiopian War

Important points from Eritrean President Isaias Afeworki interview

Translated by Paulos Sory I asked Debretsion why they were preparing for battle in Humera. We have evidence that the TPLF plans to target more than 100 locations in Eritrea. The TPLF’s adventure was a miscalculation. In the first week of November 2020, more than 5,000 Ethiopian troops crossed the Eritrean border. We did not

January 8, 2022 • By Addis Insight

News

UN Secretary-General welcomes the release of political prisoners

UN Secretary-General Antonio Guterres says he welcomes the release of several prisoners, including key opposition figures in Ethiopia. “I support all parties to work together to end the conflict and reach a lasting ceasefire, as well as a credible and comprehensive national dialogue and reconciliation process,” he said. Guterres: I will work with all stakeholders

January 8, 2022 • By Addis Insight