Business

Ethiopia stripped its 19% stake at Berbera Port

Following Ethiopia’s failure to meet Somaliland government’s request it lost its 19% stake in the port of Berbera. According to the Somaliland Ministry of Finance, the Ethiopian government has been stripped of its ownership for failing to meet its ownership requirements on time. According to the Minister, one of the preconditions was fund contribution in

June 9, 2022 • By Addis Insight

News

Court rescheduled bail hearing on General Tefera Mamo case

The Amhara Regional State Supreme Court has heard the case of former Commander of the Special Forces, Gen. Tefera Mamon, in today’s hearing, The Reporter reported. The regional police told the court that they had completed their investigation into the suspect and were preparing to send the case file to the prosecutor. The state prosecutor

June 9, 2022 • By Addis Insight

Uncategorized

Facebook fails to detect dehumanizing ads targeting Ethiopians

The test couldn’t have been much easier—and Facebook still failed. Facebook and its parent company Meta flopped once again in a test of how well they could detect obviously violent hate speech in advertisements submitted to the platform by the nonprofit groups Global Witness and Foxglove. The hateful messages focused on Ethiopia, where internal documents obtained

June 9, 2022 • By Addis Insight

Uncategorized

EthioTelecom signed a partnership agreement with Immigration and Citizenship

EthioTelecom has just signed a partnership agreement with Immigration and Citizenship Service to get passport service fees settled using the newly emerging telebirr digital payment system which has now over 20 million subscribers. Based on the partnership agreement made today between the two institutions, citizens can conveniently get new passport issuance, renewal services and lost

June 9, 2022 • By Addis Insight

Diaspora

Hannah Giorgis shortlisted for AKO Caine Prize

Today 2022 AKO Caine Prize for African Writing shortlisted 5 writers for its annual award. Among the shortlisted 5 writers Ethiopian dissent Hannah Giorgi’s is also listed. Hannah Giorgis is a staff writer at The Atlantic. The daughter of Ethiopian immigrants, she lives in Brooklyn by way of Southern California. Her criticism and reporting have

June 9, 2022 • By Addis Insight

News

PM Abiy Ahmed expresses hope that Ethiopia-Somalia relations will be further strengthened

PM expresses hope that Ethiopia-Somalia relations will be further strengthened Addis Ababa: June 26, 2014 (FBC) The Prime Minister of the Federal Democratic Republic of Ethiopia, Abiy Ahmed, expressed hope that Ethiopia and Somalia will further strengthen their bilateral relations. Speaking in Mogadishu on the occasion of the inauguration of the new President of Somalia,

June 9, 2022 • By Addis Insight

News

Court revoked a bail granted to Temesgen Desalegn, Solomon Shumye and Meaza Mohammed

The 10,000 birr bail granted to Temesgen Desalegn, Solomon Shumye and Maeza Mohammed has been revoked The Federal High Court has revoked the 10,000 birr bail granted to journalists Temesgen Desalegn, Solomon Shumye and Maeza Mohammed. The court overturned the decision; After the Addis Ababa Police Commission has appealed the bail order. The Supreme Court

June 9, 2022 • By Addis Insight

Business

Why Banning Cryptocurrencies in Ethiopia Is a Right Move

By- Lewoye Bantie Cryptocurrency (crypto) is defined as a decentralized digital currency intended to be used in buying or selling goods and services. Cryptocurrency is currently at the frontier of financial development. It provides both opportunities and risks in financial markets and has attracted significant attention in recent years. Accordingly, the number of market players

June 9, 2022 • By Addis Insight

Business

India’s Arvind Limited cutting down its garment production capacity in Ethiopia

India’s Arvind Limited is gradually cutting down its garment production capacity in Ethiopia with uncertainty looming over renewal of the US African Growth and Opportunity Act (AGOA). The company, however, has earmarked ₹200 crore for capacity augmentation in its advanced material division and garmenting businesses, and cost optimisation projects for fabric business during fiscal 2022-23.

June 8, 2022 • By Addis Insight

Culture

HIH Prince Ermias Sahle Selassie Haile Selassie returns from Panama

Neb Demessie Moa Anbessa HIH Prince Ermias Sahle Selassie Haile Selassie, HIH Princess Saba Kebede and advisors to the Crown Council of Ethiopia returned to the United States last week from an official State visit in Panama. HIH Prince Ermias Sahle Selassie and advisors to the Crown Council of Ethiopia attended private meetings and receptions

June 8, 2022 • By Addis Insight