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US Unveils $93 Million Emergency Food Assistance for 13 Countries, Including Ethiopia

The United States has announced a $93 million emergency food assistance package aimed at combating acute hunger in 13 countries, including Ethiopia, where millions are facing worsening food insecurity due to a combination of conflict, climate shocks, and economic pressures. Scope and Objectives of the Aid According to the US State Department, the funding will

August 9, 2025 • By Addis Insight

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Ethiopia Freezes Bank Accounts of 138 Individuals Over Illegal Forex Activities

Addis Ababa, August 2, 2017 (FMC) – In a significant crackdown on the illegal foreign exchange market, Ethiopia’s Financial Security Service (FSS) has announced the freezing of bank accounts belonging to 138 individuals suspected of operating outside the legal financial system. The suspects are alleged to be central players in the country’s black market foreign

August 8, 2025 • By Addis Insight

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Ethiopia Halts New Crypto Mining Power Deals to Prioritize Domestic Energy Needs

Addis Ababa – Ethiopia has moved to suspend the approval of any new electricity supply agreements for cryptocurrency mining operations, signaling a decisive shift in its energy policy to prioritize domestic consumption over the expansion of power-hungry digital mining. Ethiopian Electric Power (EEP) CEO Ashebir Balcha announced the decision this week, stating that the nation’s

August 8, 2025 • By Addis Insight

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CBE, Dashen, and Awash Intensify Competition to Win Forex-Hungry Clients

With Ethiopia’s foreign exchange landscape gradually stabilizing, domestic banks are entering a new phase of competition—offering increased access to forex for businesses, travelers, and importers in a bid to win customer loyalty and meet the mounting demand. From Dashen Bank to Awash and the state-owned Commercial Bank of Ethiopia (CBE), institutions are positioning themselves as

August 7, 2025 • By Addis Insight

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Sheraton Addis Reaches Key Renovation Milestone as Marriott Approves Mock-Up Room

Sheraton Addis Reaches Key Renovation Milestone as Marriott Approves Mock-Up Room: A Blend of Legacy, Luxury, and Global Standards Addis Ababa, Ethiopia – August 4, 2025Sheraton Addis, one of Africa’s most prestigious hotels, is undergoing a transformation that promises to elevate Ethiopia’s hospitality sector to new heights. The landmark hotel reached a major project milestone

August 4, 2025 • By Addis Insight

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Ethiopian Airlines Welcomes Fourth Airbus A350-1000, Unveils New Livery in Symbolic Leap Forward

Addis Ababa, August 2, 2025 — In a major stride that blends innovation with tradition, Ethiopian Airlines has officially welcomed its fourth Airbus A350-1000 into its growing long-haul fleet, marking not just another aircraft delivery, but the beginning of what the airline calls “a majestic new chapter.” The latest addition—described as a “big bird” by

August 2, 2025 • By Addis Insight

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Addisu Arega Appointed Ethiopia’s New Minister of Agriculture

Addis Ababa, July 25, 2025 (FMC) — In a move signaling renewed commitment to agricultural transformation, Prime Minister Abiy Ahmed (PhD) has appointed Ato Addisu Arega as Ethiopia’s new Minister of Agriculture, effective immediately. The announcement came today from the Office of the Prime Minister, underscoring the administration’s intensified focus on food security, rural development,

August 1, 2025 • By Addis Insight

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Marcus Samuelsson’s Marcus DC Brings Swediopian Flavor and Black Culinary Excellence to NoMa

Washington, D.C. — Celebrity chef Marcus Samuelsson’s long-awaited culinary debut in the capital has arrived. Marcus DC, located at the base of the Morrow Hotel in the bustling Union Market district, officially opened its doors on June 3, 2025, offering a vibrant, immersive dining experience that celebrates the rich diversity of Black culinary traditions—from D.C.

July 18, 2025 • By Addis Insight

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China Diversifies Soybean Sources: Ethiopia Joins Approved Importers List

China has officially approved the import of Ethiopian soybeans, a strategic move indicating its intent to diversify protein sources amid ongoing trade tensions with the United States. The announcement from China Customs, reported by News Central, confirms that Ethiopian soybeans gained entry into the Chinese market last week. Traditionally reliant on soybean imports from Brazil

July 8, 2025 • By Addis Insight

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Awash Bank Posts Record 22 Billion Birr Annual Profit, Signaling Strength Amid Economic Reforms

Awash Bank, one of Ethiopia’s largest private banks, has reported a record-breaking annual profit before tax of over 22 billion birr for the 2024/25 financial year, underscoring the bank’s strong resilience and adaptability in an environment of ongoing macroeconomic reforms. The performance marks a milestone not only for the bank but also for Ethiopia’s evolving

July 2, 2025 • By Addis Insight