Business

Impact vs. Number-Driven Startups: Striking the Balance in Ethiopia’s Startup Ecosystem

By- Fikir Belete  The startup ecosystem in Ethiopia is a dynamic and vibrant space, bustling with innovation, creativity, and ambition. It is now getting the recognition it deserves for having the potential to serve as a catalyst for economic growth, job creation, and technological advancements. The key stakeholders are doing a self-assessment and realizing the

November 2, 2023 • By Addis Insight

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Ethiopia: EHRC Documents Drone Strikes, Extrajudicial Killings, and Rape in Amhara

The Ethiopian Human Rights Commission (EHRC) has released a statement detailing the human rights abuses that have been taking place in the Amhara region of Ethiopia in connection with the ongoing armed conflict. The EHRC has confirmed that there have been numerous instances of extrajudicial killings, arbitrary arrests, and rape perpetrated by both government security

October 31, 2023 • By Addis Insight

Business

Dashen Bank Achieves Record Profit of 5 Billion Birr in 2015 Fiscal Year

Dashen Bank announced that it made a profit of 5 billion birr before tax in the 2015 fiscal year, an increase of 31.9 percent compared to the same period of the previous year. The bank’s 30th regular meeting of shareholders was held on that day. At the meeting, Dashen Bank board chairman Dula Mekonon and

October 27, 2023 • By Addis Insight

Business

NBE’s New Circular: A Threat to Access to Finance and Investment

By Tsegamlak Solomon  The National Bank of Ethiopia (NBE) recently issued a circular on the legality of interest-bearing private loans, which will have a significant implication on access to finance and investment in Ethiopia. In the circular dated October 08, 2023, the NBE, in a far-fetched argument, equated “lending with interest” with “providing banking business

October 25, 2023 • By Addis Insight

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Abiy’s Nobel Peace Prize Win Fuels His Ballon d’Or Dreams

Prime Minister Abiy Ahmed of Ethiopia is on a mission to win the Ballon d’Or, the most prestigious individual award in football. He recently scored eight goals and assisted three in a single match, leading his team to a convincing victory. This is just the latest sign of Abiy’s growing footballing prowess. Abiy’s interest in

October 24, 2023 • By Addis Insight

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Ethiopia Aims to Nearly Double Meat Exports

Ethiopia is setting ambitious goals to nearly double its meat and meat product exports in the current fiscal year, targeting a total of $141 million worth of exports, equivalent to 38,000 tons of meat products. This ambitious plan was revealed by the Livestock Development Institute, which is spearheading efforts to boost the country’s livestock sector.

October 24, 2023 • By Addis Insight

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Ethiopia’s PM Plans to Land on the Moon and Give Ethiopia Access to the Sky

In a bold move to give Ethiopia access to the sky, Prime Minister Abiy Ahmed has announced plans to land on the moon. “Ethiopia is a landlocked country with a population of over 120 million people,” Ahmed said in a televised address. “We need access to space and the sea in order to grow and

October 23, 2023 • By Addis Insight

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Ethiopia’s Sea Access Ambitions Leave Neighbors Uneasy

The Horn of Africa is synonymous with land conflicts, but a recent lecture by Ethiopia’s Prime Minister Abiy Ahmed could shift focus to the control of the Red Sea. In July, rumors started spreading that the Ethiopian government was plotting to establish a link to the Red Sea, with hope of developing a port. Following

October 23, 2023 • By Addis Insight

Business

Ethiopia Hosts Enkopa Summit, a Celebration of Innovation

On October 12 and 13, 2023, the Enkopa Summit was held in Addis Ababa, Ethiopia. The summit was a two-day event that brought together entrepreneurs, investors, policymakers, and other stakeholders from across the country and around the world to celebrate and promote entrepreneurship, innovation, and technology in Ethiopia. The summit featured a variety of speakers

October 21, 2023 • By Addis Insight

Tech

Kacha Digital Financial Solutions Launches in Ethiopia

– – Kacha Digital Financial Solutions, Ethiopia’s first private payment instrument issuer, officially launched on October 19, 2023, at the Skylight Hotel. The event was attended by various dignitaries, including ambassadors, ministers, high-ranking officials from the National Bank of Ethiopia, leaders from both public and private banks, microfinance institutions,

October 20, 2023 • By Addis Insight