Business

Beu Delivery Surpass Deliver Addis & Raised Multi-Million Dollar Seed Funding

A Chinese overseas company focused on the African food delivery market, has completed a multi-million dollar seed round of financing, led by Y Combinator, Goodwater Capital and Ethiopian angel investor Addis Alemayehou. Chapter 42 has served as a financial advisor.  The newly raised funds in this round will be used for market expansion and technology

May 24, 2022 • By Addis Insight

Africa News

Eritrea’s Independence Day Celebration in Ethiopia

ASMARA, Eritrea, May 23, 2022/APO Group/ — The celebratory event was highlighted by a cultural troupe from Eritrea as well as other programs depicting the deep meaning of Independence Day The Eritrean Embassy in Ethiopia and Permanent Representative to the African Union and Economic Commission of Africa in cooperation with nationals residing in Ethiopia celebrated

May 23, 2022 • By Addis Insight

Diaspora

Timnit Geberu among Time 100 most influential person

It takes courage to speak truth to the most powerful technology companies in the world. Timnit Gebru is a truth teller. Gebru was the most senior Black woman to lead a team of AI ethicists at Google, hired to find issues and improve the technology. She was ultimately fired after co-authoring a paper that did just

May 23, 2022 • By Addis Insight

Tech

OPay and Mastercard announce strategic partnership to grow cashless ecosystem in Ethiopia

Fintech giant OPay and Mastercard today announced a strategic partnership, which marks a significant boost for wider financial inclusion and economic prosperity by opening up digital commerce to millions of people across  Middle East and Africa. The collaboration enables OPay consumers and merchants in the region – including Algeria, Morocco, Egypt, Nigeria, Ethiopia, Kenya, Pakistan, South Africa and the UAE – to engage with brands and businesses anywhere

May 23, 2022 • By Addis Insight

Feature

PM Abiy Ahmed among Time 100 Most Influential Persons

In 2019, the Nobel Committee awarded the Peace Prize to Ethiopia’s new Prime Minister Abiy Ahmed for his efforts to end his country’s decades-long conflict with neighboring Eritrea. Abiy’s peace treaty with Eritrean dictator Isaias Afwerki inspired hopes for a transformed region, but also planted the seeds for an Ethiopian civil war. In November 2020, Abiy, with Afwerki’s

May 23, 2022 • By Addis Insight

Travel

Saudi Arabia bans citizens from travelling to 16 countries, including Ethiopia

Saudi Arabia has banned its citizens from travelling to 16 countries following the re-outbreak of COVID-19. These include Lebanon, Syria, Turkey, Iran, Afghanistan, India, Yemen, Somalia, Ethiopia, Democratic Republic of the Congo, Libya, Indonesia, Vietnam, Armenia, Belarus and Venezuela. The ban comes following a steady increase in the number of daily COVID-19 infections over the

May 22, 2022 • By Addis Insight

News

Meskerem Aberra & six other journalists arrested since last week

Hawassa University lecturer & media activist Meskerem Aberra has been arrested yesterday at Bole International airport while coming from Bahir Dar. According to her husband he still remain unaware of her whereabouts. In the past one week alone seven journalists has been arrested & the current crackdown on journalists raises concern among concerned bodies. According

May 22, 2022 • By Addis Insight

Business

Ermias Amelega Recommendations for what ails the economy

Recommendations for what ails the economy: The road to stainable economic recovery and growth starts with a large (US$4-6 billion) non-debt foreign currency infusion to reboot the economy and anchor the liberalization of the exchange rate regime to a managed float after which market forces will balance supply and demand of foreign exchange. 2. The

May 22, 2022 • By Addis Insight

Ethiopian War

319 trucks of humanitarian cargo entered Tigray

319 trucks of humanitarian cargo entered Tigray during the reporting week, the highest number of trucks entering the region in a single week since June 2021. Between 1 April and 16 May, around 15,500 metric ton (MT) of food was brought into Tigray. At least 68,000 MT are still required to complete the current food

May 21, 2022 • By Addis Insight

Business

Ethio Telecom Signs An Agreement To Lease Its Modern Modular Data Center For Five Institutions

Ethio telecom built and launched a modern modular data center recently and has been utilizing it for own multiple purposes and leasing for enterprises. The company has signed a memorandum of agreement today with Zemen Bank, Rays Micro Finance, ZamZam Bank, Hijira Bank and Websprix that would enable these institutions use this modern high-capacity world

May 21, 2022 • By Addis Insight