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

Opinion

The New Frontier of Antisemitism: Racial Discourse and Oromo Extremism In Ethiopia

Author Contact Information:Girma Berhanu (Professor)Department of Education and Special EducationUniversity of Gothenburg, SwedenE-mail: Girma.Berhanu@ped.gu.se Introduction Ethiopia is in dire straits due to a peculiarly malignant state system called Ethnic Federalism. In existence since the early 1990s, it has been sold as a brave attempt at empowering subjugated nationalities and, to borrow the Marxist parlance of the

June 30, 2023 • By Addis Insight

Business

Biden Administration Lifts Human Rights Violations Designation for Ethiopia: Unblocking Major IMF Program

According to an internal U.S. Treasury Department notification, the Biden administration has informed Congress that Ethiopia is no longer engaging in a “pattern of gross violations of human rights.” This decision will allow the U.S. and international economic aid to resume being sent to Ethiopia. The move comes as Washington seeks to improve its relationship

June 29, 2023 • By Addis Insight

Opinion

Highlighting immovable property sale contracts registration trend at the DARS in light of the freedom of contract principle

Dereje Ashenafi It has now been a practice at the Ethiopian Document Authentication and Registration Service (DARS) that parties to a contract of sale of immovable are required to use the draft sale contract template terms prepared by the DARS which contains a few pages and do not always help to accommodate what parties want

June 29, 2023 • By Addis Insight

Uncategorized

Ethiopia Applies to Join BRICS: A Step Towards Strengthening International Relations

Ethiopia has officially applied to join the BRICS group of nations, according to an announcement by the Ministry of Foreign Affairs. The spokesperson for the Ministry, Ambassador Meles Alem, stated that Ethiopia will continue to work with international institutions that can protect its interests. BRICS is an association of five major emerging national economies: Brazil,

June 29, 2023 • By Addis Insight

Business

Telecom Industry Veteran Wim Vanhelleputte to Lead Safaricom Ethiopia as New CEO

Safaricom PLC has announced the selection of Wim Vanhelleputte as the newly appointed Chief Executive Officer of Safaricom Telecommunications Ethiopia PLC, effective from September 1, 2023. According to the company’s social media posts, Wim brings a wealth of leadership experience and extensive industry knowledge, having dedicated over 25 years to the telecommunications sector across various

June 28, 2023 • By Addis Insight