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Addis Ababa’s Public Transport Fare Revision with New Rates

The Addis Ababa City Transport Office has announced a revised public transport fare, effective October 16, 2024. The new fares cover mini-buses, midi-bus taxis, and city buses providing services within the city. The revision considers the current retail fuel price and administrative costs. The new fare structure is as follows: Mini-buses and midi-buses: Up to

October 15, 2024 • By Addis Insight

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The Difference Between the Purchase and Sale of Foreign Currency Should Not Exceed Two Percent

October 5, 2017 (Ahadu Radio) — The National Bank of Ethiopia (NBE) has reinforced that the difference between the rates at which commercial banks buy and sell foreign currency must not exceed two percent. This measure aims to narrow the gap between these rates in line with international standards. In a letter addressed to commercial

October 15, 2024 • By Addis Insight

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Ethiopia Considers Legalizing Sperm Donation: New Bill Proposes Assisted Reproductive Services

A significant development in Ethiopia’s healthcare landscape is currently unfolding, as a new bill has been submitted to the House of Representatives that could legalize sperm donation in the country. Titled the Health Care Administration and Control Bill, this twelve-part legislation covers a wide range of health services and includes provisions for technology-assisted reproductive medicine.

October 12, 2024 • By Addis Insight

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Ethiopia’s Black Market Hits 140 Birr to the Dollar: A Growing Crisis in Foreign Exchange

Ethiopia’s black market exchange rate for the US dollar has reached a critical milestone, crossing the 140 birr mark. This widening gap between the black market and the official rates presents serious challenges for the country’s economy, businesses, and consumers. As of mid-October 2024, while the official National Bank of Ethiopia (NBE) rate stands at

October 12, 2024 • By Addis Insight

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Immigration and Citizenship Services Extend Passport Validity to 10 Years

October 1, 2017 – The Immigration, Citizenship, and Services Office has announced that the validity period of passports will be extended from five years to ten years. Previously, passports were valid for five years before requiring renewal. However, under the new system, set to take effect in one month, citizens who are 25 years or

October 11, 2024 • By Addis Insight

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Egyptian President al-Sisi Visits Eritrea Amid Rising Regional Tensions

Asmara, October 10, 2024 — Egyptian President Abdul Fattah al-Sisi has arrived in Eritrea at the invitation of President Isaias Afwerki. This visit comes as Egypt, Eritrea, and Somalia work toward establishing a tripartite military alliance, raising concerns about its impact on regional stability. The discussions are expected to focus on peace in the Horn

October 10, 2024 • By Addis Insight

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Ethiopian Airlines Group Opens Bid for Foreign Exchange Services at Bole International Airport

Addis Ababa, Ethiopia – Ethiopian Airlines Group (EAG) has announced a competitive bidding process for leasing spaces at Addis Ababa Bole International Airport, Terminal 2. The bid, designated for competent service providers, aims to secure businesses offering foreign exchange services across seven available spaces in the airport’s bustling terminal. In the official bid announcement, EAG

October 9, 2024 • By Addis Insight

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As Hurricane Milton, a Category 5 Storm, Nears Landfall, We Look at the Influence of Ethiopia’s Highlands

The Global Impact of Ethiopian Mountains and Hurricanes: How East Africa’s Highlands Affect Extreme Weather in the Americas As America brace for the destructive force of Hurricane Milton, following closely on the heels of Hurricane Helene, it’s crucial to understand how seemingly distant geographic regions can influence the development of such extreme weather. Ethiopia’s towering

October 9, 2024 • By Addis Insight

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Breaking the Exam Cycle: How Ethiopia Can Transform Its Education Crisis

This year, Ethiopia’s 12th-grade national exams revealed serious issues in the country’s education system. Out of 674,823 students who took the test, only 36,409 passed, leaving a staggering 638,414 students facing uncertainty about their futures. For those who didn’t pass, the path ahead is filled with worry and doubt. This isn’t just a setback for

October 9, 2024 • By Addis Insight

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Fuel Price Adjustments Announced by Ministry of Trade and Regional Development

The Ministry of Trade and Regional Development has announced an adjustment to the retail prices of fuel products, which will take effect from October 09, 2024, at 06:00 a.m. The price changes are part of a broader macroeconomic reform effort, including a restructuring of the foreign exchange management system, first implemented in late July 2024.

October 8, 2024 • By Addis Insight