Business

Ethiopia and the Italian Republic Signed a Highly Concessional Loan Agreement

Ethiopia and the Italian Republic Signed a Highly Concessional Loan Agreemen A concessional loan agreement amounting to 22 million euros (Approximately 1.23 billion ETB) was signed today June 13, 2022, between the Federal Democratic Republic of Ethiopia and the Italian Republic. The allocated finance will be used to support the development of the Bulbula, Bure,

June 13, 2022 • By Addis Insight

Business

An ugly face of crypto

Mikael Alemu is a CEO and co-founder of “10 Green Gigawatt for Ethiopia”, an international initiative to transform Ethiopian energy systems and introduce solar energy as a major source of electricity. He contributes regularly to the Telegram channel t.me/tengigawatt, join this channel to read.  One can hardly imagine a modern capital or a major city

June 13, 2022 • By Addis Insight

Business

Amhara Bank to start operation on July 7 with 70 branches

Melaku Fanta, Chairman of the Board of the Amhara Bank, A total of 70 complete branches will be provided by the bank on the day of its inauguration. He said the bank would expand its branches to more than 100 by July 7. According to Melaku Amhara bank is a public bank, adding that shares

June 13, 2022 • By Addis Insight

Business

Why Telegram is so popular in Ethiopia?

By- Yinebeb Bahru Why Telegram is so popular in Ethiopia. According to Google Play Store each country’s download record, Telegram is a more highly downloaded app than the Facebook messenger, WhatsApp, IMO and other messenger apps in Ethiopia, Telegram is one of the preferred social media platforms in Ethiopia, it was more popular than any

June 13, 2022 • By Addis Insight

Entertainment & Arts

Popular Tigrigna singer Dawit Nega has died

Popular Tigrigna singer Dawit Nega has died. Dawit Nega was hospitalized three days ago at Addis Hiwot Clinic. Dawit released his full album, Axumwit, in Tigrinya. Baba Elen, Zewidero, Wezamzai, Chokolata, Ajokhi Tigray, Desibeleni’lo, and St. Tsebaya are his most popular singles .Artist Dawit Nega  music is very popular among those non-Tigregna speakers as well.

June 12, 2022 • By Addis Insight

Opinion

NAMA”ABEN” AND EZEMA EXPERIENCING AN IDENTITY CRISIS

There is strong evidence that NMA/“ABEN” and EZEMA’s opposition elites are simply satisfied with their current political gains, even though the level of unrest, political and economic crises in the country did not change significantly. In general, conventional wisdom tells us during continuous unrest, oppositions should be expected to remain mobilized until their demands are

June 12, 2022 • By Addis Insight

Culture

Genete Mariam: A Case of a Library

30 km northeast of the historic city of Lalibela is a small town known as Genete Mariam. No less historical, it is home to the famous Genete Mariam church, with wall writings indicating that King of Kings (Atse) Yikunnoamlak built it. The historical importance of this is in its potential to yield answers to various

June 12, 2022 • By Addis Insight

Business

Forty-four-storey skyscrapers are to be built in the Kazanchis area of ​​Addis Ababa

Forty-four-storey skyscrapers are to be built in the Kazanchis area of ​​Addis Ababa. According to The Reporter, Tewodros Yeshiwas, the owner of Quara Manufacturing, which is engaged in a number of projects, including Gomju Oil, is constructing the buildings. The 7,743-square-meter building will have forty-four floors and the other thirty floors. In particular, the forty-four-storey

June 12, 2022 • By Addis Insight

Business

Federal Housing Corporation inaugurates Gerji Village Construction Project

Federal Housing Corporation inaugurates Gerji Village Construction Project Aluminum formwork technology is used in the project; It is also pointed out that Ethiopian professionals have adapted the technology and completed the construction quickly. It is also known that the technology improves the quality and speed of construction. Using the technology, the corporation is said to

June 12, 2022 • By Addis Insight

Business

5.6 billion birr steel factory inaugurated in Dukem

The 450,000-square-meter steel melt factory in Dukem town of Oromia State was inaugurated today. The inauguration ceremony was attended by Oromia Regional State Head of State Shimeles Abdissa, Minister of Mines Engineer Takele Uma, religious leaders and other senior officials. The factory was built at a cost of 5.6 billion birr.When fully operational, the factory

June 11, 2022 • By Addis Insight