Business

Why Dangote Chose Gode: Ethiopia’s $2.5B Fertilizer Gamble

ADDIS ABABA / GODE – Once dismissed as a remote and insecure outpost in Ethiopia’s Somali Region, Gode is now poised to become the centerpiece of one of Africa’s most ambitious industrial investments. In a landmark $2.5 billion deal, Dangote Group and Ethiopian Investment Holdings (EIH) will jointly construct one of the world’s largest urea

August 28, 2025 • By Addis Insight

Business

Boeing Eyes Ethiopia’s Bole Airport for 777X Testing

Boeing Co. is preparing to test its next-generation 777X wide-body at Addis Ababa Bole International Airport, in a move that underscores the airport’s growing role in global aviation trials and Ethiopian Airlines’ ambitions to become Africa’s dominant hub carrier. A Boeing delegation met with Ethiopian Civil Aviation Authority Director General Yohannes Abera to seek preliminary

August 28, 2025 • By Addis Insight

Business

Ethiopian Airlines to Launch Direct Flights to Yabelo with Special Discounted Fares

ADDIS ABABA, Ethiopia – Ethiopian Airlines, Africa’s largest and most profitable carrier, is pleased to announce that it has finalized all preparations to commence scheduled passenger services to Yabelo Airport with three weekly flights. The inaugural service is set to take place on September 5, 2025, marking an important milestone in Ethiopia’s domestic air connectivity.

August 28, 2025 • By Addis Insight

Business

Ethiopia Partners with Dangote to Build One of the World’s Largest Fertilizer Complexes

ADDIS ABABA, Ethiopia – Ethiopian Investment Holdings (EIH), the government’s sovereign investment arm, has signed a landmark agreement with Nigeria’s Dangote Group to build a multi-billion-dollar fertilizer complex in Gode, Somali Regional State. The project, one of the largest industrial investments in Ethiopia’s history, is designed to transform the country’s agriculture and reduce reliance on

August 28, 2025 • By Addis Insight

Business

National Bank of Ethiopia Pushes Banks to Modernize Hawala Transfers

The Governor of the National Bank of Ethiopia (NBE), Mamo Mihretu, has sent a strong message to the banking industry: do more to boost foreign exchange inflows. Speaking at the launch of new money transfer services by Dashen Bank and Commercial Bank of Ethiopia, the Governor said banks are failing to provide convenient digital remittance

August 27, 2025 • By Addis Insight

Business

Ethiopia to Launch International Flights From Regional Airports

Addis Ababa — Ethiopia is preparing to take a major step in aviation connectivity by allowing international flights to operate directly from regional airports instead of routing all traffic through Addis Ababa Bole International Airport. A New Era for Regional Airports The announcement was made during a meeting between the Ethiopian Civil Aviation Authority and

August 26, 2025 • By Addis Insight

Business

Why These Giant Yellow Trucks Are Showing Up in Ethiopia

Short answer: they’re Komatsu HD785 rigid dump trucks—90-100-ton haulers used in open-pit mines and big quarries. Ethiopia is entering a new cycle of industrial-scale mining and materials extraction, and fleets like the HD785 are exactly what those projects require. 1) The clearest driver: Ethiopia’s new open-pit gold mine Ethiopia’s headline mining project right now is

August 26, 2025 • By Addis Insight

Business

Ethiopia’s Coffee Exports Hit $268 Million in July Despite Lower Volumes

Addis Ababa – Ethiopia, Africa’s largest coffee producer and the birthplace of Arabica beans, earned $268 million in export revenues from coffee in July, according to the Ethiopian Coffee and Tea Authority. Revenue Surge Amid Decline in Volume Public Relations and Communications Director Sahlemariam Gebremedhin revealed that the country had planned to export 53,480 tons

August 26, 2025 • By Addis Insight

Business

Ethio Telecom Targets 88 Million Subscribers with Ambitious Three-Year Strategy

Addis Ababa – Ethio Telecom has announced an ambitious plan to increase its subscriber base to 88 million in the current fiscal year, up from 83.2 million, as part of a sweeping three-year “Next-Generation Strategy” designed to accelerate Ethiopia’s digital transformation. The plan, unveiled alongside the company’s 2018 Ethiopian fiscal year work program, was presented

August 26, 2025 • By Addis Insight

Business

Enat Bank Wins Women Empowerment Award as It Expands Growth Strategy

Addis Ababa, Aug 13 (Addis Insight) – Enat Bank has been named the winner of the Excellence in Women Empowerment Award at the 23rd Connected Banking Summit – Innovation & Excellence Awards 2025, hosted by the International Center for Strategic Alliances (ICSA). The award recognizes the bank’s pioneering role in advancing women’s access to finance

August 26, 2025 • By Addis Insight