Business

CBE lost 1 billion birr due to fraud

According to a new survey conducted by the Ministry of Justice, banks have lost 1.8 billion birr due to fraud in the last four years. The results of the new study were unveiled during an event now taking place at the Sheraton Addis Hotel. It disclosed that 50.7 percent of the looting took place at

May 30, 2022 • By Addis Insight

News

Ethiopia: Release all detained journalists now

ARTICLE 19 is concerned with the arrests of at least 16 journalists in Ethiopia. We call on the government to unconditionally release them and stop intimidating the media. According to reports, the authorities have justified arrests of media personnel, which took place over the last seven days, by accusing them of siding with rebels from the

May 30, 2022 • By Addis Insight

News

Ethiopian rebels reportedly in secret talks with federal government

Ethiopia’s rebellious Tigray People’s Liberation Front (TPLF) is reportedly in exchange of letters for possible formal peace agreement with the federal government in Addis Ababa, sources close to both sides have said. Ethiopia’s rebellious Tigray People’s Liberation Front (TPLF) is reportedly in exchange of letters for possible formal peace agreement with the federal government in

May 30, 2022 • By Addis Insight

News

Andualem Shiferaw, 30, of Ethiopia set a new course record at the Ottawa Marathon

Ethiopia’s Andualem Shiferaw was the first to cross the finish line at the Ottawa Marathon Sunday, setting a new course record for the race in the nation’s capital. Shiferaw, 30, completed the signature event of Tamarack Ottawa Race Weekend with a time of 2:06:04 beating the previous record of 2:06:54, set by Yemane Tsegay, also

May 29, 2022 • By Addis Insight

Ethiopian War

Ethiopia government to increase military budget by 500%

The Ministry of Finance has prepared a total budget of 785 billion birr for 2022/2023 and submitted it to the Council of Ministers, The Reporter reported. According to the report, $ 100 billion has been allocated to the Defense Forces from this draft budget. This year, 22 billion birr has been allocated to the Defense

May 28, 2022 • By Addis Insight

News

Ethiopian maid in Kuwait gets death sentence for killing co-worker

Dubai: An Ethiopian maid has been sentenced to death in Kuwait for killing her Indian co-worker following a row over house chores, local media reported. The Court of Appeals found the woman guilty of stabbing to death her Indian colleague. The heinous crime happened on the first day of Ramadan last year following a dispute between them

May 28, 2022 • By Addis Insight

News

Ethiopia marks National Day with the arrest of 19 journalists

Journalist Bekalu Alamerew has been charged with felony criminal mischief for allegedly inciting violence. Journalist Bekalu was arrested yesterday afternoon. He appeared in court today on suspicion of “inciting violence.” The Federal Court of First Instance Arada Division Appointment Hearing; granted the police 12 days more for the journalist’s investigation. Investigating Police from Addis Ababa

May 28, 2022 • By Addis Insight

Tech

How Pinterest’s Creator Inclusion Lead Zeny Shifferaw is creating space for underrepresented creators

Zenash “Zeny” Shifferaw didn’t grow up playing with Barbie dolls. The 35-year-old California native was the child of Ethiopian immigrant parents who encouraged Shifferaw and her two siblings to instead build their own worlds, characters and stories through puppet shows. “There were intentional ways in which they raised us to be out-of-the-box thinkers and challenge

May 27, 2022 • By Addis Insight

Business

Brain drain in Sub Saharan Africa

By Bernard Laurendeau, Managing Partner at Laurendeau & Associates Brain drain in Sub Saharan Africa Brain Drain is a severe problem in low- and middle-income countries and particularly acute in Sub-Saharan Africa. In its 2016 World Economic Outlook, the IMF noted that the “outflow of skilled labor and young people seeking better educational opportunities outside

May 27, 2022 • By Addis Insight

Business

From organic waste to high-end tech, how European interest is shifting to Africa’s biogas sector

Given the national interest, the critical implementation of the DiBiCoo project is to link the leading European biogas producers to the emerging biogas sector in developing countries. Home to the largest cattle population in Africa, with the largest segment of the people located in rural areas, considered the primary energy consumer, Ethiopia is no stranger

May 27, 2022 • By Emrakel sileshi