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Addis Ababa City Administration Implements Mandatory Fayda National ID Registration System
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Addis Ababa City Administration Implements Mandatory Fayda National ID Registration System

The mandatory registration number system has been established for all government institutions under the Addis Ababa City Administration. The Director General of the Addis Ababa Civil Registration Authority, Ato Yonas Alemayehu, told Bisrat Radio and Television that the registration number system is mandatory for all government institutions under the Addis Ababa City Administration. Accordingly, detailed

December 6, 2024 • By Addis Insight
Deloitte Reopens Office in Ethiopia After Six Years, Strengthening Commitment to Local Growth
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Deloitte Reopens Office in Ethiopia After Six Years, Strengthening Commitment to Local Growth

Deloitte has officially reopened its office in Addis Ababa, Ethiopia, after a six-year absence, marking a significant step in the firm’s renewed focus on the Ethiopian market. The move underscores Deloitte’s commitment to supporting Ethiopia’s development agenda and capitalizing on the opportunities the country offers. Anne Muraya, CEO of Deloitte East Africa, expressed enthusiasm about

December 2, 2024 • By Addis Insight
Federal Court Fees Surge by 500% in First Revision in 72 Years
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Federal Court Fees Surge by 500% in First Revision in 72 Years

The draft law to revise court fees for federal courts was approved today by the House of People’s Representatives. This legislation imposes a fee increase of up to 500 percent for court users. The amendment was deemed necessary as federal court fees had not been updated in 72 years. However, the sharp increase has surprised

November 29, 2024 • By Addis Insight
Ethiopia’s New Duty-Free Condom Policy Aims to Curb HIV Transmission
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Ethiopia’s New Duty-Free Condom Policy Aims to Curb HIV Transmission

In a significant move to combat the spread of HIV/AIDS in Ethiopia, the Ministry of Finance has granted a duty-free import status to condoms, effective under Decree No. 1341/2024. This policy change is aimed at improving access to condoms and ultimately reducing the transmission of HIV, a growing concern in the country. According to the

November 29, 2024 • By Addis Insight
National Bank of Ethiopia Launches New 50% Foreign Currency Retention Policy Starting Tomorrow
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National Bank of Ethiopia Launches New 50% Foreign Currency Retention Policy Starting Tomorrow

The National Bank of Ethiopia (NBE) has announced that starting tomorrow, exporters will have the option to sell 50 percent of the foreign currency they generate immediately while retaining the remaining 50 percent in their accounts indefinitely. Previously, exporters were required to sell half of their foreign currency earnings to banks upon receipt and the

November 13, 2024 • By Addis Insight
Minister Hanna Arayaselassie’s Proposed Asset Seizure Bill: A New Approach to Addressing Unexplained Wealth in Ethiopia
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Minister Hanna Arayaselassie’s Proposed Asset Seizure Bill: A New Approach to Addressing Unexplained Wealth in Ethiopia

The debate over Ethiopia’s proposed asset recovery bill has centered around its high-stakes approach to combating illicit wealth, with a particular focus on assets exceeding the 10 million birr threshold. This monetary cut-off, if the bill passes, will authorize the Ministry of Justice to retroactively investigate and potentially seize properties acquired through “unexplained means” —

November 13, 2024 • By Addis Insight
Addis Ababa Introduces 50,000 Birr Fine for Dress Code Violations in Hotels and Restaurants
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Addis Ababa Introduces 50,000 Birr Fine for Dress Code Violations in Hotels and Restaurants

Addis Ababa Introduces 50,000 Birr Fine for Dress Code Violations in Hotels and Restaurants In Addis Ababa, a new draft regulation has been approved, introducing a fine of up to 50,000 birr for hotels and restaurants whose staff wear short skirts above the knee. The Addis Ababa Culture, Arts, and Tourism Office has outlined that

November 11, 2024 • By Addis Insight
Ethiopia Extends Landmark $738 Million Loan to South Sudan for Cross-Border Infrastructure Project
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Ethiopia Extends Landmark $738 Million Loan to South Sudan for Cross-Border Infrastructure Project

In a historic first, Ethiopia has extended a loan exceeding $738 million to South Sudan, the world’s youngest nation, to fund the construction of a road connecting the two countries. This substantial loan aims to foster stronger economic ties and improve connectivity between Ethiopia and South Sudan, benefiting both nations. The loan, which comes with

November 5, 2024 • By Addis Insight
Red Sea, GERD, and Beyond: Ethiopia’s Future Under Trump or Harris
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Red Sea, GERD, and Beyond: Ethiopia’s Future Under Trump or Harris

As the 2024 U.S. presidential race intensifies, Ethiopia finds itself at a pivotal juncture, grappling with internal reforms and escalating regional tensions. The recent Memorandum of Understanding (MoU) between Ethiopia and Somaliland, granting Ethiopia access to the Red Sea, has exacerbated relations with Somalia, which views the agreement as a violation of its sovereignty. Concurrently,

November 4, 2024 • By Addis Insight
Somalia to Relocate Ethiopian Embassy from Presidential Compound
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Somalia to Relocate Ethiopian Embassy from Presidential Compound

Somalia’s Minister of Foreign Affairs, Ahmed Moalim Fiqi, has announced plans to relocate the Ethiopian Embassy, currently situated within the presidential compound, to a different location. In a statement to the media on November 4, Minister Fiqi explained, “The decision was made following public protests over the presence of a foreign embassy within the President’s

November 4, 2024 • By Addis Insight