Business

Ethiopia joins The International Forum of Sovereign Wealth Funds

IFSWF Strengthens its Footprint in Africa with Three New Memberships London, 17 May 2022 – The International Forum of Sovereign Wealth Funds (IFSWF), a global network of sovereign wealth funds from over 40 countries, has admitted the Sovereign Fund of Egypt, as a full member, as well as Ethiopian Investment Holdings and the Fonds Souverain de Djibouti

May 17, 2022 • By Addis Insight

Business

Ethiopia’s exports to China rise by 8% in 2021 over 2020 figure

Ethiopia’s export to China witnessed a steady growth amid booming bilateral trade and investment cooperation, according to Chinese ambassador to the country Zhao Zhiyuan, who recently said Ethiopia’s exports to China increased by 8 per cent in 2021 compared with 2020 as new foreign direct investment (FDI) from Chinese companies grew by 346 per cent.

May 16, 2022 • By Addis Insight

Business

Ethiopia Sip One Billion Dollar from Coffee Export

Oumer Hussein, Ethiopia’s Minister of Agriculture, said in a congratulatory tweet that Ethiopian coffee exports had reached a new high of $1 billion in income. The export of around 300,000 tonnes of coffee to the global market contributed to the record-breaking revenue. Once again, China is Ethiopia’s top customer. In 2021, China’s imports of Ethiopian

May 15, 2022 • By Addis Insight

Business

Meet Total’s Startupper of The Year Winners From Ethiopia

Startupper of the Year Challenger by TotalEnergies After the decisive final stage during which the 15 finalists were invited to pitch their project to a local jury, 3 winners were chosen in each country. 32 African countries took part in the Startupper of the Year Challenge by TotalEnergies’ 3rd edition! Our aim is to support young entrepreneurs’ that

May 13, 2022 • By Addis Insight

Business

The Bank of Abyssinia Future Head Quarters Construction Project has been formally initiated

The Bank of Abyssinia Future Head Quarters Construction Project has been formally initiated by an International Competitive bid floated in December 2020 and awarded to China State Construction Engineering Company after in-depth negotiation on the contract terms.   Today’s signing sets a significant milestone in the history of the Bank of Abyssinia. Bank of Abyssinia,

May 13, 2022 • By Addis Insight

Business

Ethiopia’s Addis Alemayehou Named in 100 Global Tech’s Changemakers List

 Ethiopia’s serial entrepreneur and investor Addis Alemayehou was recognized in the Rest of World (RoW)’s 100 Global Tech’s Changemakers’ list for his contribution to the tech sector amid challenges. Addis Ababa, Ethiopia May 12, 2022 – Kazana Group chairman, Mr. Addis Alemayehou who has become a household name in Africa’s business and entrepreneurship landscape with Ethiopia as

May 12, 2022 • By Addis Insight

Business

Things You Should Know About 5G

5G is the 5th generation mobile network. It is a new global wireless standard after 4G networks. 5G enables a new kind of network that is designed to connect virtually everyone and everything together including machines, objects, and devices. 5G wireless technology is meant to deliver higher multi-Gbps peak data speeds, ultra-low latency, more reliability, massive network

May 9, 2022 • By Addis Insight

Business

Dr. Rediet Abebe becomes a member of the 2022 class of Andrew Carnegie Fellows and receives $200,000

Dr. Rediet Abebe becomes a member of the 2022 class of Andrew Carnegie Fellows and receives $200,000. She is one of the 28 scholars, journalists, and authors selected for the fellowship who received funding to support their work ranging from climate change to political polarization. Dr. Rediet is the first black female Computer Scientist in

May 9, 2022 • By Addis Insight

Business

Ride Meter Taxi Announced Price Adjustment

Ethiopia’s leading car hail system made a price adjustment hours after the fuel price increase. The company made the statement through its official telegram channel & the statement reads as follows   “Dear Ride Family – Considering the current fuel increase and general inflation, we would like to inform you that we will increase the

May 7, 2022 • By Addis Insight

Business

This Month Fuel Price Surges

There has been an increase in the selling price of petroleum products The retail price of the products has increased following the sharp rise in international oil prices over the past four months. The Ministry of Trade and Regional Co-operation said in a statement to Fana Broadcasting Corporation that it will adjust the price of

May 7, 2022 • By Addis Insight