Business

Ethiopia-Djibouti railway records 37.5% increase in revenue

THE Ethiopia-Djibouti railway, which runs from Addis Ababa to the port in Djibouti City, recorded $US 86.13m in revenue in 2021, a 37.5% increase on 2020. The line was used by 449 passenger trains and 1469 freight trains over the year, transporting 77,357 TEUs. The company also improved the efficiency of operation, with the time to

January 12, 2022 • By Addis Insight

Business

Ethiopian Cargo launches new booking system

Africa’s largest cargo service provider Ethiopian Cargo and Logistics Services has launched a new air cargo booking platform. The new online system enables the airline’s customers to check flight schedules, space availability, loadability of freight, and make real-time bookings. “We are committed to start walking the long walk of taking out paper from the entire

January 12, 2022 • By Addis Insight

Business

An innovative event connecting Diaspora and Local Experts kicked off in Addis Ababa

Addis Ababa, Ethiopia, January 12, 2022 – An innovative event dedicated to connecting and inspiring diaspora with home-based experts from all sectors has officially started in Addis Ababa today. The event held under the theme “Connecting diaspora and home-based professionals to make a lasting Impact” showcased the power of effective partnerships in today’s fast-paced, interconnected

January 12, 2022 • By Addis Insight

Ethiopian War

Does the Departure of Jeffrey Feltman Signal a Change of Course in the US’s Foreign Policy?

It seems Jeffery Feltman, the US special envoy to the Horn of Africa (HOA), will be leaving his post soon. Reports indicate he will be replaced by the former US ambassador to Turkey (June 27, 2019-Dec 10, 2021) David Satterfield. Some in the Ethiopian body politic have speculated, Feltman’s departure was a win for Ethiopian diplomacy given

January 12, 2022 • By Addis Insight

Business

Dangdang criticize Luckin coffee monopolizing over Hambella coffee

Recently, Dangdang, a Chinese electronic commerce company, criticized Luckin coffee’s purchase of nearly half of the available Hambell coffee beans, suggesting that the transaction may constitute a masked monopoly in the upstream supply chain. The METAD Agricultural Development PLC owns Hambella coffee, a family-run business, distinctive in that it comes from a single estate in

January 12, 2022 • By Addis Insight

Opinion

The strategic use of victimized narratives to reinstate an autocratic regime in Ethiopia

Contact information: GIRMA BERHANU Professor GOTHENBURG UNIVERSITY Department of Education and Special Education Västra Hamngatan 25, A-hus room 168 Mail address: Box 300, 405 30 Göteborg office: +46-(0)31-786 2325 mobile: +46 704731818 girma.berhanu@ped.gu.se Introduction I must confess that I have struggled to come up with the title of this essay. Knowing all too well what I aim

January 11, 2022 • By Addis Insight

Business

News Alert:  Central Bank Lifts Restrictions Placed on Bank Transfers 

The National Bank of Ethiopia lifts the limit placed on bank transfers. It was a rule introduced to discourage players in the informal exchange market. Customers of banks were not allowed to make more than five bank transfers a week since the beginning of last year. Frezer Ayalew, Director of Banking Supervision at the National

January 11, 2022 • By Addis Insight

Business

National Bank of Ethiopia Lifts Restrictions Weekly Bank Transfer Limit

The National Bank of Ethiopia lifts the weekly transfer limit placed on bank transfers. The restriction was imposed restrain & discourage agents who are engaged in the black market. Bank customers were not allowed to make more than five bank transfers a week since the beginning of last year. Frezer Ayalew, Director of Banking Supervision

January 11, 2022 • By Addis Insight

Ethiopian War

Prime Minister Abiy held talks with President Biden

Prime Minister Abiy Ahmed has announced that he held talks with US President Joe Biden on current affairs. During his phone conversation with the President, the Prime Minister also discussed bilateral relations and regional issues. The Prime Minister also said that constructive participation based on mutual respect is of great benefit to the two countries.

January 10, 2022 • By Addis Insight

Sport

The Ethiopian national football team lost its first match to Cape Verde

  The Ethiopian national football team has lost its first match of the Africa Cup of Nations (Cameroon) against Cape Verde. In the 12th minute, Yared was sent off for a foul. As a result, the national team finshes with 10 players. In the 45th minute, Cape Verde’s Tavarez scored to move three points clear

January 9, 2022 • By Addis Insight