Business

Neb Bank Launches New Digital Payment Systems

Neb International Bank has officially launched its latest digital service applications, Neb Amber Pay and Neb Paystream, designed to streamline financial transactions and enhance payment convenience for customers. The launch event took place on February 5, 2017, at the bank’s headquarters. Speaking at the ceremony, Neb Bank CEO Ato Henok Kebede highlighted the significance of

February 13, 2025 • By Addis Insight

Business

Ethiopian Airlines Takes Action Over Unauthorized Video Shoot by Artist Piplone

Legal Implications Being Assessed Ethiopian Airlines has taken administrative action regarding an unauthorized video shoot by artist Piplone within its premises. The airline’s legal department is currently reviewing the situation to determine if there are grounds for legal proceedings. According to Ethiopian Airlines’ CEO Mesfin Tasew and Chief Commercial Officer Lemma Yadecha, the incident came

February 12, 2025 • By Addis Insight

Business

Telebirr Hits 51.5 Million Users, Facilitating 1.03 Trillion ETB in Transactions

Telebirr Hits 51.5 Million Users, Facilitating 1.03 Trillion ETB in Transaction Ethio Telecom’s financial performance in the first half of the 2024 fiscal year has been robust, highlighted by an EBITDA of 32.82 billion ETB, reflecting a profitability margin of 55.6%. The company also reported 61.9 billion ETB in total revenue, achieving 90.7% of its

February 12, 2025 • By Addis Insight

Business

EthioTelecom Inaugurates Ultra-Fast Electric Vehicle Charging Station

Addis Ababa, Ethiopia – EthioTelecom has launched an ultra-fast electric vehicle (EV) charging station at the Bole Road junction, developed in collaboration with various partners. The initiative is part of efforts to support Digital Ethiopia and contribute to the country’s transition toward sustainable transportation. Ultra-Fast Charging Technology Introduced The newly inaugurated station features an ultra-fast

February 11, 2025 • By Addis Insight

Business

Addis Ababa Nears Completion of Its First International Convention Center

Addis Ababa, Ethiopia – The capital city is on the verge of completing the construction of the Addis International Convention Center, the first and largest world-class convention and exhibition hub in Ethiopia. The project, which aims to elevate Addis Ababa’s status as a premier destination for global conferences and exhibitions, is now in its final

February 11, 2025 • By Addis Insight

Business

Ethiopia E-Mobility Sector on the Upswing

In a significant development for Ethiopia’s burgeoning e-mobility sector, the country’s first Electric Motorbike Owners Association has been established, marking a pivotal step toward fostering a supportive ecosystem for electric vehicle (EV) adoption. With over 280 members already onboard, the association aims to streamline licensing processes, provide resources for riders, and promote compliance with city

February 8, 2025 • By Addis Insight

Business

IMF Managing Director Kristalina Georgieva Arrives in Ethiopia for Official Visit

Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), has arrived in Addis Ababa for a two-day official visit aimed at strengthening economic cooperation between Ethiopia and the global financial institution. During her visit, Ms. Georgieva is scheduled to meet with Prime Minister Abiy Ahmed and senior government officials to discuss Ethiopia’s economic

February 8, 2025 • By Addis Insight

Business

As Digital Banking Rises, Are Ethiopian Banks Cutting Back on Branches?

Paperless banking has become a global trend, with financial institutions transitioning to digital transactions for greater efficiency, security, and sustainability. Many countries have embraced digital banking, mobile payments, and blockchain technology to reduce reliance on physical paperwork. In Ethiopia, banks are steadily digitizing their operations, paving the way for a fully paperless banking experience. Leading

February 6, 2025 • By Addis Insight

Business

Arat Kilo Plaza Underground Passage and Recreation Area Officially Opens

Addis Ababa, Ethiopia – The Arat Kilo Plaza Underground Passage and Recreation Area has officially been inaugurated and is now open to the public, marking a significant milestone in the city’s urban development. This newly completed infrastructure is part of Addis Ababa’s corridor development projects, designed to enhance the city’s social and economic landscape while

February 5, 2025 • By Addis Insight

Business

Ethiopia Plans Four New Expressways to Boost Connectivity from Addis Ababa

January 28, 2017 (Ahadu Radio) – Ethiopia is setting the stage for a transformative infrastructure upgrade with the planned construction of four new expressways extending from Addis Ababa. The Ethiopian Roads Administration has announced that a comprehensive study is currently underway to determine the feasibility and design of these ambitious road projects. The proposed expressways

February 5, 2025 • By Addis Insight