Business

National Bank of Ethiopia Issues New Directive on Bank Investments

The National Bank of Ethiopia (NBE) has introduced a new directive aimed at regulating the investment activities of banks within the country. This move is part of the NBE’s broader strategy to deepen Ethiopia’s capital markets and ensure the stability and soundness of the banking sector. Key Highlights of the Directive Equity Investment Limits:The directive

July 19, 2024 • By Addis Insight

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Lauryn Hill Honors Ethiopian Heritage with Empress Menen Asfaw Tribute at 2024 BET Awards

Lauryn Hill’s Majestic Tribute at the 2024 BET Awards Lauryn Hill, alongside her son YG Marley, captivated the audience at the 2024 BET Awards with a powerful performance of “The Miseducation of Lauryn Hill.” The stage was transformed into a regal homage to Ethiopian heritage, featuring iconic images of the Axum Obelisk and the Lalibela

July 2, 2024 • By Addis Insight

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The Mastercard Foundation Fund for Resilience and Prosperity calls for proposals from African SMEs and entrepreneurs in the agricultural sector.

Nairobi, Kenya, April 10, 2024…The Mastercard Foundation Fund for Resilience and Prosperity has launched an Agribusiness Challenge Fund, calling for proposals from SMEs in the agriculture sector that can create work opportunities at scale for young women and men, young persons with disabilities, and refugee youth. The Agribusiness Challenge Fundwill provide SMEs with innovative and

April 12, 2024 • By Addis Insight

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Intense Clashes Erupt in Bahir Dar Amidst Rising Tensions

Residents of Bahir Dar, the capital city of the Amhara region, have reported to the BBC a fierce exchange of fire between government forces and Fano fighters. Four residents, who spoke about the conflict that began at 06:00 AM on Thursday, March, 2024, in three of the city’s districts, reported hearing the sounds of heavy

March 1, 2024 • By Addis Insight

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Ethiopian Airlines and Citi Sign a $450 million loan agreement for five new aircraft

Ethiopian Airlines, Africa’s largest carrier, today announced a landmark $450 million loan agreement that will finance five new Boeing aircraft: three Boeing 737-8 and two Boeing 777F (Cargo). The loan will be secured against the value of the five planes and has been arranged exclusively by Citi’s Corporate Banking and Export Agency and Finance teams.

February 22, 2024 • By Addis Insight

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The Deadly Drone Strike in Amhara Leaves 30+ Victims

Eyewitnesses and local residents informed the BBC that a drone attack targeted an Isuzu truck in the Moja and Kwera districts of the North Showa region in Amhara on Monday, February 19, 2024, resulting in several fatalities. According to four sources from the BBC, the incident occurred as the truck, which had departed from the

February 21, 2024 • By Addis Insight

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Farewell to a Giant: Remembering Getachew Kassa, Ethiopia’s Musical Treasure

In a somber announcement, the music world mourns the loss of Getachew Kassa, the iconic Ethiopian singer and percussionist, who passed away on February 21, 2024. Born on September 6, 1944, in Addis Ababa, Ethiopia, Kassa’s journey from a passionate young singer to a national treasure and international music ambassador spanned over six decades, leaving

February 21, 2024 • By Addis Insight

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Church Appeals for Government to Allow High-Ranking Archbishop’s Abune Petros Entry

In a recent development, the Ethiopian Orthodox Tewahedo Church has expressed significant concern regarding the treatment of one of its high-ranking officials, Abune Petros, the Archbishop of New York and the General Secretary of the Holy Synod. Upon his return from the United States, where he completed his apostolic service, Abune Petros was unexpectedly denied

February 6, 2024 • By Addis Insight

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Civilians Under Siege: The Harrowing Aftermath of Governmental Wrath in Merawi Claims 100+

In a tragic escalation of violence, over 50 individuals lost their lives in Merawi, a town within the newly established North Gojam zone of the Amhara region, following what appears to have been a government retaliation against civilians. This incident occurred on January 20, 2016, amidst a confrontation between the Defense Forces and Fano militants.

February 3, 2024 • By Addis Insight

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Awarding Scarcity: FAO’s Recognition of Abiy Ahmed Despite Ethiopia’s Stolen Food Crisis

The recent awarding of the Agricola Medal to Prime Minister Abiy Ahmed by the Food and Agriculture Organization (FAO) has brought to light the uncomfortable intersection of recognition and reality. The FAO, an organization committed to promoting sustainable food production and international cooperation, seemingly turned a blind eye to the humanitarian crisis unfolding in Ethiopia.

January 29, 2024 • By Addis Insight