Business

IMF Says Ethiopia’s Debt Is Unsustainable: What Happens Next

Ethiopia’s debt sustainability assessment (DSA) is blunt: the country is in debt distress, with debt assessed as unsustainable after repeated breaches of export-linked thresholds and a missed Eurobond coupon in December 2023. Recovery hinges on timely reforms and relief from external creditors to bring the risk of debt distress back to “moderate” by the end

September 18, 2025 • By Addis Insight

Business

Siinqee Bank Partners with MasterCard to Broaden Financial Inclusion

Addis Ababa, Ethiopia — Siinqee Bank has officially launched a new MasterCard service, marking a significant step in its strategy to expand financial inclusion and enhance international payment options for its customers. The launch follows the signing of a five-year strategic partnership with MasterCard, a deal that allows Sinqee Bank to issue MasterCard prepaid cards

September 17, 2025 • By Addis Insight

Business

How Ethiopians Can Join the OKX Africa Trading Sprint – 35,000 USDT in Prizes

OKX has launched the Africa Trading Sprint, a high-stakes competition running from September 15 to October 20, 2025, with a 35,000 USDT prize pool. Ethiopian traders have a clear path to participate and win. Important: You must tap “Join now” in the Campaign Center before depositing or trading, otherwise your activity won’t count toward the

September 16, 2025 • By Addis Insight

Business

Ethiopia Bets on a Mega Airport to Cement Its Role as Africa’s Aviation Hub

By Addis Ababa, September 6, 2018 Ethiopia is doubling down on its ambition to dominate Africa’s skies with a multibillion-dollar airport project that Finance Minister Ahmed Shide says will “accelerate economic growth and transform regional connectivity.” The new hub—planned in Bishoftu, about 40 kilometers southeast of Addis Ababa—marks the latest in a string of high-stakes

September 16, 2025 • By Addis Insight

Business

Minasse Haile (1930–2025): Ethiopia’s Scholar-Diplomat Who Bridged Empire and Exile

When Minasse Haile (ምናሴ ኃይሌ) died on September 11, 2025, Ethiopia lost one of the most cosmopolitan figures of its modern history—a man whose life threaded together imperial court politics, Cold War diplomacy, and the quiet rigors of American legal academia. He was ninety-five. For decades, Minasse embodied an ideal rare in any era: a

September 15, 2025 • By Addis Insight

Business

Ethiopia Opens Door for Duty-Free Motorboat Imports

Ethiopia Opens Door for Duty-Free Motorboat Imports to Boost Tourism and Local Economies Addis Ababa — In a move aimed at unlocking the potential of Ethiopia’s rich network of lakes and stimulating the country’s tourism sector, the Ministry of Finance has issued a new directive allowing motorboats to be imported into the country duty-free for

September 14, 2025 • By Addis Insight

Business

Ethiopia 2017 Grade 12 Exam: Top Scorers & End of Remedial Pathways

Ethiopia’s Ministry of Education has unveiled key details ahead of the full release of the 2017 (E.C.) Grade 12 national exam results, spotlighting exceptional high scorers and signaling a major policy shift that will reshape opportunities for students who fall short of the pass mark. Record-Breaking Top Scores This year’s highest achievers have set an

September 14, 2025 • By Addis Insight

Business

Only 8.4% of Ethiopian Grade 12 Students Passed 2017 Exam

Ethiopia’s Ministry of Education has released the 2017 (Ethiopian calendar) Grade 12 national examination results, painting a complex picture of incremental improvement against a backdrop of systemic hurdles. Education Minister Professor Berhanu Nega detailed the outcomes in an official statement, highlighting both encouraging gains and persistent gaps in the country’s secondary education system. Overall Performance:

September 14, 2025 • By Addis Insight

Business

Ethiopian Airlines to Launch New International Airport by 2030

Addis Ababa’s Ambitious Second International GatewayEthiopia’s rapidly expanding aviation sector is preparing for a major milestone: the launch of the long-awaited Bishoftu International Airport, which is scheduled to begin handling international flights by 2030. Ethiopian Airlines Group CEO Mesfin Tasew revealed the timeline in an interview with the Ethiopian News Agency (ENA) during the celebrations

September 13, 2025 • By Addis Insight

Business

MIDROC Awards 764 Million Birr Bonus as Five-Year Turnaround Powers Record Growth

Addis Ababa, Ethiopia – MIDROC Investment Group, one of Ethiopia’s largest and most diversified private conglomerates, has announced a sweeping 764 million birr bonus for all employees. The decision, revealed during the company’s annual employee recognition and award program at the Millennium Hall in Addis Ababa, crowns a five-year transformation that has seen MIDROC rise

September 13, 2025 • By Addis Insight