Uncategorized

Cultural Enigma in Development Dynamics: Ethiopia & Iran Vs. China & Japan

 Yonas Biru, PhD* In a Bloomberg Opinion Piece titled “Ethiopia Already Is the ‘China of Africa,’” Professor Tyler Cowen, the author of over 20 critically acclaimed economic books, argued Ethiopia is destined to take off if proper policies are put in place.   He took note that “China and Ethiopia feel secure about their pasts

August 20, 2022 • By Addis Insight

Business

Chinese companies to develop new industrial park in Ethiopia

ADDIS ABABA, Aug. 11 (Xinhua) — The Ethiopian Investment Commission (EIC) on Wednesday signed an agreement with China’s WODA Metal Industry Private Limited Company (PLC) and its partners to build an industrial park in Ethiopia. The agreement involves the upgrading of the WODA Metal Industry PLC into WODA Industrial Park with an outlay of 95

August 12, 2022 • By Addis Insight

Books

Sankofa Video Books & Cafe taken off from auction after a property tax relief

The Office of Tax and Revenue (OTR) recently honored an arrangement that grants Sankofa Video Books & Cafe an exemption from paying property taxes for a decade but it would be an arduous, three-year-long process that included a slew of tax bills and the discovery of a certification process. In the fall of 2019, the Mypheduh

August 12, 2022 • By Addis Insight

Business

Ethiopia completes third round water filling of the Great Ethiopian Renaissance Dam

It has been announced that the third round of water filling of the Great Ethiopian Renaissance Dam has been completed and water has started to flow on top of the dam. Following the completion of the 3rd round of water filling of the dam, senior government officials including Prime Minister Abiy Ahmed and Deputy Prime

August 12, 2022 • By Addis Insight

News

The Ethiopian Renaissance Dam (GERD) has started generating electricity from its second turbine

The Ethiopian Renaissance Dam (GERD) has started generating electricity from its second turbine. Prime Minister Abiy Ahmed and various government officials inaugurated the second turbine in Benishangul Gumuz Guba Woreda today. The installation and testing of a second turbine, Unit 9, which is among the other 13 turbines of the Great Ethiopian Renaissance Dam, has

August 11, 2022 • By Addis Insight

Opinion

Challenges facing small and medium-sized enterprises in Ethiopia

Yinebeb Bahru Small and Medium-size Enterprises (SMEs) have been widely credited for being an indispensable part of economic development. Its strength is gauged by the dexterity to create jobs, contribute to industrialization and boost national economic output. SMEs can play a vital role in a country’s development, they contribute hugely to the national economy by

August 9, 2022 • By Addis Insight

Business

Impact of the Russia-Ukraine war on Ethiopia

By- Seneshaw Tamru and Tewodros Makonnen Gebrewolde The conflict in Ukraine and the subsequent sanctions against Russia triggered price increases of key commodities with far-reaching impacts on welfare, production, and economic growth for developing countries, including Ethiopia. Economic sanctions were imposed on Russia by the US and EU to deter Russia from further escalating the

August 8, 2022 • By Addis Insight

Business

New Ethiopian Airlines chief aims for near-doubling of fleet under 2035 roadmap

Recently appointed Ethiopian Airlines chief executive Mesfin Tasew has embraced the ‘Vision 2035’ roadmap introduced by his predecessor Tewolde GebreMariam in 2019, as he aims to keep the carrier on an aggressive growth path. Speaking during July’s Farnborough air show, Tasew says the roadmap is “tailored around fast, profitable, sustainable growth” and will involve a

August 7, 2022 • By Addis Insight

Sport

Ethiopia finished third with 12 medals at the 20-year-old world athletics championships in Cali, Colombia

Ethiopia finished third with 12 medals at the 20-year-old youth athletics championships held in Colombia yesterday. The athletics team won 12 medals in total with 6 gold, 5 silver and 1 bronze. The Ethiopian Athletics Federation (EAF) has noted that 19 athletes of both genders will compete in 10 events in the championship. The Ethiopian

August 7, 2022 • By Addis Insight

Tech

Telebirr launch three financial services

Ethio Telecom launches three service offering from 10-100,000 birr loan credits to its customers. The service was launched in collaboration with Dashen Bank. Ethio Telecom CEO Frehiwot Tamru said that customers who are offered the service are not required to present collateral. The system uses artificial intelligence to determine customer eligibility for loan. Telebirr Mela

August 5, 2022 • By Addis Insight