Business

Addis Ababa City Council Approves 140.2 Billion Birr Budget

On Sunday, July 9, 2023, the Addis Ababa City Council approved a budget of 140.2 billion birr for the city in its second regular meeting. This budget is for the 2023/2024 fiscal year, which started on July 9, 2023. The budget was approved by a majority vote of 87 in favor and two abstentions after

July 11, 2023 • By Addis Insight

Opinion

Is Prime Minister Abiy Ahmed’s 50 Billion Trees Estimate Credible?

Yonas Biru, PhD To start with, the Prime Minister’s number is off by 20 billion from what the Ethiopian Minister for Agriculture (Omar Husen) told us in 2021. According to Africa News, the Minister said, “Over 10 billion trees were planted in the first two years of the ‘Green Legacy’ project. The aim is to

July 11, 2023 • By Addis Insight

Entertainment & Arts

Doqa: A Must-See Film Exploring the Impact of Ethnic Conflict

“Doqa” is a powerful new film that was recently released, produced by actress Mahider Assefa and directed by Kidist Yilma. Mahider Assefa is a well-known actress and public figure in Ethiopia, with over a decade of experience performing in feature films and TV series. The movie portrays the destruction caused by ethnic tension and has

July 8, 2023 • By Addis Insight

Uncategorized

The Reincarnation of Bagdad Ali in Ethiopia as a Prosperity Gospel Preacher

By Yonas Biru Bagdad Ali was the Iraqi Minister of Information under President Saddam Hussein, during the US invasion of Iraq. He got the nickname Bagdad Ali in the US, Comical Ali in the UK, Ali il Comico in Italy, and አሊ ቀውሷ in Ethiopia because he was making laughable media briefings about the war that was wildly

July 7, 2023 • By Addis Insight

Uncategorized

Ethiopian Parliament Member Demand Prime Minister Abiy Ahmed’s Resignation

Prime Minister Abiy Ahmed was asked to resign during the 28th regular session of the 2nd year of the 6th House of People’s Representatives. In his speech, Dessalen Chane (Dr.), a council member on behalf of Abiy, asked Abiy Ahmed to resign and hand over his power to a civilian administration and dissolve the parliament.

July 6, 2023 • By Addis Insight

Business

Foreign Companies to Receive Foreign Currency Guarantees for Key Projects in Ethiopia

The National Bank of Ethiopia has made a decision to allow foreign currency guarantees for foreign companies engaged in joint ventures with government or private companies on key or strategic projects. This will enable these companies to repatriate their profits in foreign currency and easily pay off loans taken from foreign financial institutions for their

July 5, 2023 • By Addis Insight

Business

Viditure Technology Solution PLC To Launch The First Digital / E-Signature Application, Weleta

Weleta is poised to revolutionize the way people in Ethiopia sign their documents and how we do business in the future. Addis Ababa, Ethiopia: July 5, 2023– Viditure Technology Solution PLC, is proud to announce that it is set to launch its all-new digital/ E- signature application, Weleta. Weleta is set to revolutionize the way

July 5, 2023 • By Addis Insight

Business

Ethiopian Shipping and Logistics Celebrates the Arrival of its Largest Vessel, MV Abbay II

Ethiopian Shipping and Logistics (ESL) welcomed its newest and largest vessel, MV Abbay II, to its home port at Djibouti port. The Ultramax bulk carrier has a capacity of nearly 64,000 DWT and was commemorated in a ceremony attended by senior government, port, and logistics officials from Djibouti and Ethiopia. Wondwossen Kassa (Cap), Deputy CEO

July 3, 2023 • By Addis Insight

Business

Mobile money could add $5.3 billion to Ethiopia’s GDP

Monday 3 July, 2023 | Central Insights | Mobile for Development Today GSMA launched its new report Mobile Money in Ethiopia: Advancing financial inclusion and driving growth. The much-anticipated liberalization of the telecoms market is presenting an opportunity to advance economic development in the country, including the financial inclusion of underserved populations via mobile money.   In this study, we

July 3, 2023 • By Addis Insight

Business

Ethiopia’s Request to Join BRICS is a Sign of Desperation, Not of Strategy

Yonas Biru, PhD Ethiopian intellectuals are half tribalized and half hermitized. They are driven by the emotional diktats of centuries past and Gadda this, Axum that, and Lalibela ኡኡ cacophony. They are, therefore, unfit to comprehend the nation’s geo-political challenges and opportunities. Ethiopia’s application to join BRICS is partially attributable to this phenomenon. Let me

July 1, 2023 • By Addis Insight