Business

World Bank pledges $ 195 million to support health sector in Ethiopia

The World Bank has provided $ 195 million to support the health sector in Ethiopia and to provide CV-19 vaccine to its citizens. Funding will also support Ethiopia’s efforts to make CV-19 vaccines available nationwide and rehabilitate conflict-affected public health facilities. In addition to helping the underprivileged health system in Ethiopia, the current funding will

June 7, 2022 • By Addis Insight

Business

Transport tariff reform to be implemented in the capital

Transport tariff reform to be implemented in the capital tomorrow Addis Ababa: May 30, 2014 (FBC) The Addis Ababa Transport Bureau announced that it has revised its transport service tariff. The tariff increase is said to be in line with global oil prices. According to Yirgalem Berhane, Deputy Head of the Addis Ababa City Administration

June 7, 2022 • By Addis Insight

News

Court has ordered the release of Temesgen Desalegn

#Ethiopia | Federal Court of First Instance has ordered the release of Temesgen Desalegn, journalist Solomon Shumye and Maeza Mohammed, founder and owner of Roha Media, on a 10,000-birr bail bond. In the case of Yayesew Shimeles & Meskerem Abera the court granted police six more days to investigate. The Federal Court of First Instance’s

June 7, 2022 • By Addis Insight

News

Alternative date has been set for tomorrow on the case of five journalists and media owners

Details: An alternative date has been set for tomorrow to issue an order on the case of five journalists and media owners The Federal Court of First Instance has set an alternative date for the hearing of the case of five journalists and media owners. Tomorrow, Tuesday, June 7; Media professionals scheduled for 2022 are

June 6, 2022 • By Addis Insight

Entertainment & Arts

Artist Hewan G.Wolde album tops iTune world music chart

Artist Hewan G. Wolde, who was former member of Jano Band and admired for her musical performances, tops the list of world music albums on the iTunes app. Her first debut album “Hewan” was released at the Marriott Executive Hotel tonight, June 2. Artists Hewan shared the following message on her social media page thanking

June 6, 2022 • By Addis Insight

Business

The third phase of the Renaissance Dam filling to begin in July

The third phase of the Renaissance Dam filling is expected to begin in July Testing of the second turbine has already begun. It has been almost three months since the first turbine start generating power. A senior official of the Renaissance Dam, who spoke on condition of anonymity, told The Reporter that the flow of

June 6, 2022 • By Addis Insight

Business

Black Market exchange depreciating after NBE reduced its presence in Togo-Wuchale

The black market is depreciating sharply following the National Bank’s move Last week, the National Bank of Ethiopia (NBE) decided to reduce the number of bank branches in Togo-Wuchale, a border town, according to local sources. The town of Togo, located on the border between the Somali region and Somaliland, is known for its border

June 6, 2022 • By Addis Insight

Business

ZayRide won a legal battle over Hybrid (Ride)

ZayRide won a legal battle over Hybrid (Ride). Two years ago Ride sued Zayride for using the word Ride in their brand. The court battle resulted in the suspension of Zayride Bank account. ZayRide is an on-demand taxi and ambulance dispatching application that connects riders and drivers. It also has a delivery service.

June 6, 2022 • By Addis Insight

Business

Ministry of Innovation & Technology Sets Up More than 16 Tech Hubs

Ministry of Innovation and Technology says more than 16 technology incubation centers have been set up in different cities of the country. More than 16 technology incubation centers have been set up in Addis Ababa and other regional cities, according to the Ministry of Innovation and Technology. The new science, technology and innovation policy has

June 6, 2022 • By Addis Insight

Business

National Bank of Ethiopia vows to take action on crypto-traders

The Bank urges the public to beware of such illegal activities as the use of digital currencies such as cryptocurrencies, bitcoin and other currencies in Ethiopia is not recognized by the National Bank of Ethiopia. The National Bank of Ethiopia (NBE) has issued a proclamation stating that the currency of Ethiopia is Birr and all

June 6, 2022 • By Addis Insight