Uncategorized

Intense Clashes Erupt in Bahir Dar Amidst Rising Tensions

Residents of Bahir Dar, the capital city of the Amhara region, have reported to the BBC a fierce exchange of fire between government forces and Fano fighters. Four residents, who spoke about the conflict that began at 06:00 AM on Thursday, March, 2024, in three of the city’s districts, reported hearing the sounds of heavy

March 1, 2024 • By Addis Insight

Business

Ethiopian Airlines Stops Using Somalia Airspace After ‘Unsafe’ Incident

Ethiopian Airlines has ceased operations within Somalia’s airspace, a route previously integral to its flights to Asian destinations. The decision, as revealed by CEO Mesfen Tase in an interview with BBC Amharic, stems from the airline’s concerns over the safety of air traffic services provided by Somalia. The shift in operational strategy follows an incident

March 1, 2024 • By Addis Insight

Uncategorized

Ethiopian Airlines and Citi Sign a $450 million loan agreement for five new aircraft

Ethiopian Airlines, Africa’s largest carrier, today announced a landmark $450 million loan agreement that will finance five new Boeing aircraft: three Boeing 737-8 and two Boeing 777F (Cargo). The loan will be secured against the value of the five planes and has been arranged exclusively by Citi’s Corporate Banking and Export Agency and Finance teams.

February 22, 2024 • By Addis Insight

Uncategorized

The Deadly Drone Strike in Amhara Leaves 30+ Victims

Eyewitnesses and local residents informed the BBC that a drone attack targeted an Isuzu truck in the Moja and Kwera districts of the North Showa region in Amhara on Monday, February 19, 2024, resulting in several fatalities. According to four sources from the BBC, the incident occurred as the truck, which had departed from the

February 21, 2024 • By Addis Insight

Business

Can Ethiopia Afford the Power-Hungry Pursuit of Bitcoin Mining?

The Debate on Bitcoin Mining in Developing Countries: A Closer Look at Ethiopia and Power Consumption Concerns In recent years, the global interest in cryptocurrencies, especially Bitcoin, has surged. This digital gold rush has led to a significant increase in Bitcoin mining activities worldwide. Bitcoin mining is the process by which transactions are verified and

February 21, 2024 • By Addis Insight

Uncategorized

Farewell to a Giant: Remembering Getachew Kassa, Ethiopia’s Musical Treasure

In a somber announcement, the music world mourns the loss of Getachew Kassa, the iconic Ethiopian singer and percussionist, who passed away on February 21, 2024. Born on September 6, 1944, in Addis Ababa, Ethiopia, Kassa’s journey from a passionate young singer to a national treasure and international music ambassador spanned over six decades, leaving

February 21, 2024 • By Addis Insight

Business

Gebeya is Rebranding: Welcome To The Age of the Talent Cloud

Addis Ababa, February 19, 2024 – Gebeya Inc., a leading Pan African tech leadership company, today announced its evolution into a premier all-in-one Talent Cloud provider. This strategic repositioning marks a significant milestone in Gebeya’s journey — revolutionizing how the world connects with talent, Africa, and beyond. As Gebeya strengthens its focus, it becomes clear that

February 20, 2024 • By Addis Insight

Business

Kenya Grants Visa Fee Relief for Ethiopian Visitors

In a significant update, the Ethiopian Ambassador to Kenya has announced that Ethiopian travelers will no longer be required to pay the $30 Electronic Travel Authorization (ETA) fee when visiting Kenya. Last year, President William Ruto of Kenya announced visa-free entry for citizens of African nations, aiming to enhance intra-African travel. However, it was later

February 20, 2024 • By Addis Insight

News

African Union Summit Drama: Ethiopia Denies Somali President’s Accusations

The Ethiopian government has refuted claims by Somali President Hassan Sheikh Mohamud that Ethiopian security personnel attempted to obstruct his access to the African Union (AU) summit venue. The dispute emerged as President Mohamud arrived in Addis Ababa to partake in the summit, alleging Ethiopia’s actions as a sign of disrespect towards the event. Despite

February 17, 2024 • By Addis Insight

Politics

Somalia’s President Arrives in Ethiopia Amidst Escalating Tensions

Amidst escalating tensions between Somalia and Ethiopia, President Hassan Sheikh Mohammed of Somalia has landed in Addis Ababa. This arrival is particularly significant, given the recent discord sparked by the memorandum of understanding (MOU) signed between Ethiopia and Somaliland, which President Mohammed has vocally opposed. His visit to the Ethiopian capital underscores the heightened diplomatic

February 16, 2024 • By Addis Insight