Business

Ride officially launched its service Djibouti

The the Mayor of Djibouti City, Mr. Seid Daood;  has officially launched the operation of Ride service in Djibouti in the presence of Djibouti’s Ambassador to Ethiopia Berhanu Tsegaye and senior officials of both countries including Ride Founder & CEO Samrawit. Speaking on the occasion, Djibouti City Mayor Seid Daud said the expansion of Ride

July 1, 2022 • By Addis Insight

Business

The Addis Ababa City Administration Cabinet to submit the 100.05 billion birr

Addis Ababa City Administration Cabinet has decided to submit more than 100 billion birr plan to the council for the 2015 Ethiopian budget year The Addis Ababa City Administration Cabinet has decided to submit the 100.05 billion birr budget plan to the city council for approval. During the 11th regular meeting of the cabinet held

June 28, 2022 • By Addis Insight

Business

HEINEKEN Introduces Malt-based Energy drink to Ethiopian market

Addis Ababa Ethiopia, June 21, 2022 – The brewery giant HEINEKEN Ethiopia today officially introduced its latest product, a non-alcoholic Energy drink “BERTAT” to the Ethiopian Market. at a colorful ceremony attended by Mr Hubert Eze, Managing Director of Heineken and other invited guests, the new nonalcoholic Energy drink was unveiled. With the growing consumer demand for healthier

June 24, 2022 • By Addis Insight

Business

600 Million USD Financing Agreements signed between the FDRE Ministry of Finance and the World Bank

Financing Agreements signed between the FDRE Ministry of Finance and the World Bank Today June 24, 2022, a Financing Agreement amounting to US$ 600 million (US$ 200 million in the form of grant and US$ 400 million in the form of credit), for the implementation of the Food Systems Resilience Program (FSRP) and US$ 115

June 24, 2022 • By Addis Insight

Business

EIH on boards 27 public commercial assets including ethiotelecom & Ethiopian Airlines

Ethiopian Investment On-boards its Subsidiaries.How nations manage their resources is one of the key determinants on whether they succeed or fail in the path to wealth creation. While debating on key policy matters, policymakers tend to over-emphasize public debt and overlook the value of public assets. Globally, public assets are by far larger than public

June 23, 2022 • By Addis Insight

Business

Ethiopia has earned 513.9 million USD from gold production in the past 11 months

Ethiopia has earned 513.9 million USD from gold production in the past 11 months, according to the Minister of Mines, Engineer Takele Uma. This year’s export earnings are the second largest in terms of foreign exchange earnings from coffee exports. The ministry said the licenses of 972 investors in the mining, production and export sectors

June 22, 2022 • By Addis Insight

Business

The 5th annual conference on Ethiopia- Norway collaboration on Health and Higher Education held in Addis Ababa.  

Addis Ababa, Ethiopia June 21, 2022 – The annual conference on Ethiopia – Norway collaboration in Health and Higher Education for Development that aims to support and celebrate ongoing partnership and collaborations within health and higher education. The Conference was officially held today in Addis Ababa and was attended by high government officials, invited guests as

June 21, 2022 • By Addis Insight

Business

Ethiopian Airlines Group CEO, Mr. Mesfin Tasew, has been elected as member of the IATA Board of Governors

Ethiopian Airlines Group CEO, Mr. Mesfin Tasew, has been elected as member of the IATA Board of Governors at the 78th International Air Transport Association Annual General Meeting held in Qatar. https://www.iata.org/en/about/corporate-structure/boardgovernors/ Chair of the Board Mehmet Tevfik Nane Vice-Chairperson of the Board (Managing Director) PEGASUS AIRLINES Members   Michael Rousseau President and Chief Executive

June 21, 2022 • By Addis Insight

Business

WorldRemit terminates service with four Ethiopian Banks

One of the leading international money transfer company , WorldRemit, announced that it has terminated the money transfer service it renders through Abay Bank, Oromia Bank, Wegagen Bank and Nib Bank. In a message sent out to its customers WorldRemit said that it takes such measures when it believes that it cannot maintain its service

June 20, 2022 • By Addis Insight

Business

Amhara Bank SC Open for Business With 72 Branches

Amhara Bank SC has officially launched its operations today. The inauguration ceremony of Amhara Bank SC was held at the Bank’s headquarters in Legehar today.The inauguration ceremony was attended by the Governor of the National Bank, Dr. Yinager Dessie, the Speaker of the House of Federation, Agenehu Teshager, the Chief of the Amhara Regional State,

June 18, 2022 • By Addis Insight