Business

Addis Ababa Prepares for Corridor Development Phase II: Linking City Center with Expanding Neighborhoods

In a significant development for Addis Ababa’s urban planning, Phase II of the city’s corridor project is set to build on the achievements of Phase I, which enhanced urbanization and infrastructure. This upcoming phase aims to refine and extend the successes of its predecessor by integrating effective practices and addressing previous challenges. The new phase

August 16, 2024 • By Addis Insight

Business

IMF Sets Critical Deadlines and Preconditions for Ethiopia’s Access to Extended Credit Facility Funds

The International Monetary Fund (IMF) has laid out a series of critical deadlines and stringent preconditions that Ethiopia must meet to access funds under the Extended Credit Facility (ECF). This comes at a crucial time when the Ethiopian economy is navigating complex challenges, including a liquidity crisis and the need for structural reforms. Continuous Conditionality

August 16, 2024 • By Addis Insight

Entertainment & Arts

Veronica Adane’s Album is Set to Break Ethiopian Music Records with 17 Million Birr Deal

Renowned Ethiopian singer Veronica Adane, who has captivated audiences with her array of hit songs, is set to release her highly anticipated new album on August 24. In an unprecedented deal, the album has been sold for a staggering 160 thousand US dollars, equivalent to over 17 million birr, according to insider information obtained by

August 16, 2024 • By Addis Insight

Opinion

Behind-the-Scenes in the GERD Diplomacy: Turkey’s Pivotal Role in the Standoff Between Ethiopia and Egypt

By- Asrat Birhanu @renaissancedam Recent diplomatic activities, primarily kept from the public eye, reveal Turkey’s role in the ongoing dispute between Ethiopia and Egypt over the Renaissance Dam. As Ethiopia’s second-largest investor after China, Turkey’s economic and military involvement is substantial, with more than 200 Turkish companies operating there as of 2022. Additionally, Turkey provided

August 16, 2024 • By Addis Insight

Business

A Tale of Two Times: Aklilu Lemma and Heman Bekele’s Timeless Innovations in Soap

From Ethiopia to the World: The Transformative Power of Soap in the Hands of Two Visionaries In the rich tapestry of Ethiopia’s history, two figures stand out for their innovative use of a seemingly simple substance: soap. Aklilu Lemma, a pioneering scientist, and Heman Bekele, a young prodigy, have both harnessed the power of soap

August 16, 2024 • By Addis Insight

Business

From Wallets to Wheels: How Ethiopia’s Forex Change Will Drive Up Car Costs

For many Ethiopians looking to buy a car, the recent changes in the foreign currency exchange market will be more than just economic news; they will directly impact their wallets. As the value of the birr fluctuates against major currencies, the cost of importing vehicles is expected to surge, leading to noticeable price increases at

August 15, 2024 • By Addis Insight

Business

Addis Tomorrow: The Fourth Major City Project Launched Around Gotera in Addis Ababa

Ethiopia The construction of the Addis Tomorrow Special Economic Zone was officially launched today, with Prime Minister Abiy Ahmed (Dr.) in attendance. The project, known as the “Addis Tomorrow Special Economic Zone,” is a collaborative effort with China’s CCCC and spans 35 hectares of land. This ambitious development is akin to creating a new city

August 14, 2024 • By Addis Insight

Entrepreneurship

Transforming Healthcare in Ethiopia: The Vision Behind Medanit

In the rapidly evolving landscape of healthcare, Medanit has emerged as a groundbreaking platform in Ethiopia, reshaping how medical services are accessed and delivered. Founded on a deeply personal experience and a vision to bridge the healthcare gap in the country, Medanit is more than just a platform—it’s a movement towards a more accessible, efficient,

August 14, 2024 • By Addis Insight

Sport

Coach Gemedo Dedefo Refuses to Accept 2 Million Birr Reward During National Palace Ceremony

Coach Declines Award: “I Am Ready to Accept Whatever Comes My Way, But Not the Reward” Unexpected Event at the National Palace Today at the National Palace, during an awards ceremony attended by President Sahlework Zewde, an unexpected event unfolded. The ceremony, intended to honor the achievements of Ethiopian athletes who participated in the Paris

August 13, 2024 • By Addis Insight

Politics

Second Round of Talks Between Ethiopia and Somalia Ends Without Agreement

The second round of talks between Ethiopia and Somalia, held in Turkey, concluded without an agreement, according to sources close to the matter. The sources, who requested anonymity due to the sensitivity of the discussions, revealed that Somalia had requested Ethiopia to cancel a memorandum of understanding (MoU) signed with Somaliland concerning the use of

August 13, 2024 • By Addis Insight