Business

Transformative Afforestation Project in Ethiopia Listed on Verra 

Date: September 2, 2024 Addis Ababa, Ethiopia We are thrilled to announce that African Bamboo’s afforestation, reforestation, and revegetation(ARR) carbon project has been officially listed on Verra, marking a significant step forward in our efforts to enhance environmental sustainability and support rural highland communities in Ethiopia. Khalid Duri, founder and CEO said:  “This listing on

September 5, 2024 • By Addis Insight

Business

Kasanchis Area Set for Demolition as PM Abiy Expands Corridor Projects

In a recent ceremony recognizing the completion of the first phase of the Addis Ababa Corridor Project, Prime Minister Abiy Ahmed announced the upcoming demolition of the Kasanchis area as part of the city’s ongoing urban transformation efforts. The demolition is part of a broader initiative aimed at modernizing key infrastructure and improving connectivity throughout

September 5, 2024 • By Addis Insight

Business

Ethiopia Adjusts Power Tariffs to Meet IMF Goals, Effective This New Year

The adjustment made to the electricity service tariff, set to take effect starting from the upcoming New Year, aligns with requirements set forth by the International Monetary Fund (IMF). It is recalled that on Wednesday, September 6, 2023, the Council of Ministers approved the adjustment to the electricity service tariff on June 20, 2023. Following

September 4, 2024 • By Addis Insight

Politics

Prime Minister Abiy Ahmed Arrives in Beijing for FOCAC Summit

Prime Minister Abiy Ahmed arrived in Beijing this morning to participate in the Forum on China-Africa Cooperation (FOCAC) summit, according to the Office of the Prime Minister. The summit, taking place from September 4-6, brings together several African heads of state and government who have already convened in the Chinese capital. The FOCAC summit will

September 4, 2024 • By Addis Insight

Business

Tadele Gemechu’s Acquisition of Eneredada Union Properties Raises Questions Over Land Transfers

Two plots of land taken from the Consumers’ Association for development have been put up for sale by the new owners through a broker. According to information reported by Meseret Media, two plots of land that were taken from the Consumers’ Association in the Bole Atlas area and given to an individual and another organization

September 4, 2024 • By Addis Insight

News

Tragedy in Gondar: Four Dead After Protests Over Child’s Killing Turn Violent”

Outrage in Gondar Over the Killing of Two-Year-Old Child The killing of a two-year-old child by her abductors in the city of Gondar has sparked outrage and protests, which were met with deadly force. A two-year-old child was kidnapped in Gondar, a city in the Amhara region, on Monday, August 27, 2016. The child was

September 3, 2024 • By Addis Insight

Uncategorized

Ethiopian Airlines Suspends Asmara Flights Amid Financial Blockade

Ethiopian Airlines has announced the suspension of its flights to Asmara, the capital of Eritrea, effective immediately. In a statement released today, the airline’s Chief Executive Officer, Mr. Mesfen Tasew, cited operational difficulties on the Eritrean side as the primary reason for the suspension. One of the significant issues leading to this decision is the

September 3, 2024 • By Addis Insight

Business

Why I’m Betting Safaricom Will Fail in Ethiopia

Lelaw Wondimu And How I am getting the Ultimate #SufferingCom Experience It was promising when it started—the speed, the consistency—I could have said it was like love at first byte. I used Safaricom Telecommunications Ethiopia PLC data packages here and there whenever my ethio telecom connection was down. I loved the consistency so much that

September 3, 2024 • By Addis Insight

Opinion

Sahle-Work’s Silence Echoes as Cardi B Leads Global Rally for Heaven’s Justice

The heartbreaking case of seven-year-old Heaven Awot, who was brutally raped and murdered in Bahir Dar, Ethiopia, has ignited a firestorm of national and international outrage. The conviction of her attacker, Getnet Baye, and the 25-year prison sentence handed down—viewed by many, including Heaven’s family, as too lenient—has sparked widespread calls for justice. However, amidst

September 3, 2024 • By Addis Insight

Business

Ethiopian Airlines Suspends Asmara Flights Following Eritrean Government Directive Announced Today

Addis Ababa, September 2, 2024 – In a significant development that has raised concerns across the region, Ethiopian Airlines has suspended all flights to and from Asmara, effective September 3, 2024. The suspension follows mounting operational challenges in Eritrea, compounded by a government directive that has brought the airline’s operations to a halt. The Civil

September 2, 2024 • By Addis Insight