Business

Commercial Bank of Ethiopia Celebrates Record-Breaking 25.6 Billion Birr Profit

Addis Ababa, Ethiopia – July 12, 2024 The Commercial Bank of Ethiopia (CBE) has announced an exceptional financial performance for the 2023/24 fiscal year, marking a significant milestone in the bank’s history. The bank’s total revenue reached 135.4 billion Birr, representing a 13% growth compared to the previous fiscal year. Furthermore, CBE recorded a pre-tax

July 12, 2024 • By Addis Insight

Business

Ethiopia Immigration and Citizenship Service to Roll Out VIP Door-to-Door Passport Delivery

VIP Door-to-Door Passport Delivery Service to Launch in Ethiopia This September Immigration and Citizenship Service Enhances Operations Amid Record High Passport Issuances and Upcoming E-Passport System Introduction In a significant move aimed at improving customer service and convenience, Ethiopia’s Immigration and Citizenship Service has announced the launch of a door-to-door passport delivery service for VIP

July 12, 2024 • By Addis Insight

Business

Addis Alemayehou Appointed to KEFI Gold and Copper PLC Board

KEFI Gold and Copper PLC (AIM: KEFI, OTC: KFFLF) has appointed Addis Alemayehou as an independent non-executive director, marking a significant addition to their board. Alemayehou, based in Ethiopia, brings a wealth of experience and a distinguished track record in business and media ventures. He serves as the chairman of Kazana Group, a prominent investment

July 12, 2024 • By Addis Insight

Sport

Biniam Girmay’s Unstoppable Hat-Trick: A New Dawn for African Cycling in the Tour de France

Biniam Girmay’s Historic Hat-Trick in Stage 12 of the Tour de France In a thrilling display of skill and determination, Eritrean cyclist Biniam Girmay clinched a historic victory in Stage 12 of the Tour de France. This win not only marks a significant milestone in Girmay’s career but also positions him as a trailblazer for

July 11, 2024 • By Addis Insight

Culture

It should be called a coffee break, not a tea break

By- Sintayehu Girma Aytaged Coffee is produced in more than 50 countries worldwide, and data shows that more than 120 million people in the world depend on coffee for their livelihood. Our country, Ethiopia, is known to be the birthplace of Arabica coffee, the world’s most popular coffee, and the country that contributed coffee to

July 11, 2024 • By Addis Insight

Entrepreneurship

Med In Ethiopia Announces Exciting New Features to Enhance User Experience and Collaboration for Health Professionals

Addis Ababa, Ethiopia – – https://medinethiopia.com an online professional guidance platform for Ethiopian healthcare workers, is thrilled to announce a series of updates designed to elevate the user experience, promote collaboration, and streamline access to opportunities in the healthcare sector. This latest enhancement reaffirms medinethiopia.com commitment to providing invaluable resources and networking

July 11, 2024 • By Addis Insight

Business

Ethiopian Fuel Prices Soar: New Rates Announced by Ministry

Addis Ababa, Ethiopia – The Ministry of Trade and Regional Affairs has announced a significant adjustment in the retail prices of various fuel products, which will take effect starting today, July 3, 2016, at 1:00 PM. This adjustment excludes jet fuel and is driven by the recent increase in fuel prices on the global market.

July 10, 2024 • By Addis Insight

Business

Ethio Telecom Surpasses Expectations with 21.79 Billion ETB Profit and Major Network Expansion

Addis Ababa, July 10, 2024 (Addis Walta) – Ethio Telecom has announced a remarkable annual profit of 21.79 billion Birr for the 2023/24 fiscal year, reflecting a 108.7% performance. The telecom giant also reported generating a gross income of 93.7 billion Birr, which is 103.6% of its planned target for the year. Subscriber Growth and

July 10, 2024 • By Addis Insight

Sport

From Yamal to Girmay: Celebrating Black Athletes Recent Wins in White-Dominated Sports

Celebrating Black Athletes Breaking Barriers in Historically White-Dominated Sports In recent weeks, the world of sports has witnessed remarkable victories by Black athletes excelling in arenas traditionally dominated by white competitors. These triumphs not only underscore their exceptional talents but also symbolize a broader shift toward inclusivity and recognition of diversity in sports. From the

July 10, 2024 • By Addis Insight

Business

The National Bank of Ethiopia Launches New Monetary Policy Framework

July 9, 2024 | Addis Ababa, Ethiopia In a significant move to stabilize the country’s economy, the National Bank of Ethiopia (NBE) has unveiled a comprehensive new monetary policy framework aimed at ensuring low and stable inflation. This initiative follows extensive preparatory work aligned with the NBE’s Medium-term Strategy Plan, which included defining the bank’s

July 9, 2024 • By Addis Insight