Business

Commercial Bank of Ethiopia Secured USD 2.64 Billion in Forex

Commercial Bank of Ethiopia, which is the biggest bank in East Africa with total assets worth almost a trillion birr, just made an announcement concerning remittances. In a lottery event, the Bank stated that it has secured USD 2.64 Billion in foreign exchange from remittances sent home during the Ethiopian fiscal year that ended on

December 22, 2021 • By Addis Insight

Business

Just seventy-six years ago, Ethiopian Airlines was founded

First starting its operations with former military Douglas C-47 transports, Ethiopian Airlines has grown to become Africa’s largest airline. Founded on December 21st, 1946, the carrier now has a fleet of 130 aircraft, operating a particularly diverse fleet of widebody twinjets. Having already covered the airline’s history in previous articles, let’s specifically take a look

December 21, 2021 • By Addis Insight

Business

Ethiopian Airlines has once again won the 2021 African Best Airline Award.

Ethiopian Airlines has once again won the 2021 African Best Airline Award. The airline, which has won the internationally recognized Skytrax Award for four consecutive years, has announced that it will continue to provide quality services. South African and Kenyan airlines are second and third, behind Ethiopian Airlines. In addition to being the best airline

December 21, 2021 • By Addis Insight

Africa News

It has not yet been confirmed whether the TPLF will participate in the National Consultive Forum- PM Office

The Ethiopian Defense Forces (EDF) and the joint forces of the Afar and Amhara regions have repulsed the TPLF invasion after heavy fighting, the Prime Minister’s Office said. Prime Minister’s Office Press Secretary International Relations and Media Sector Bilene Seyoum stated that Ethiopians have made great sacrifices to bring about the current situation. The government

December 21, 2021 • By Addis Insight

News

Abraha Desta released on bail

Abraha Desta, the leader of Arena Tigray for Sovereignty and Democracy Party and the head of the Tigray Regional State Interim Administration Bureau of Labor and Social Affairs, has been released today. Abraha Desta announced on his official Facebook page, “After 82 days I was released on bail of 10,000 birr. Thank you so much

December 21, 2021 • By Addis Insight

Business

Ethiopian market in Rosemount develops a new customer base in Dakota County

During remote learning and stay-at-home lockdowns in 2020, Heaven Bekele, a single mom of three, found herself constantly traveling from her home in Rosemount to Minneapolis to buy Ethiopian ingredients and groceries. During those back and forth commutes, Bekele, who was born in Ethiopia, decided to open her own store that would serve other Ethiopian

December 21, 2021 • By Addis Insight

Business

Ethiopian airlines dethroned by Kenyan airways, named African leading airline

Kenya Airways has been awarded ‘leading airline in Africa’  The last time Kenya Airways bagged this award was in 2016 and 2017, making the timing very encouraging for the airlines because it shows recovery from the blow dealt by COVID-19 For three years starting from 2018, Ethiopian Airlines had held this prestigious award, but it

December 20, 2021 • By Addis Insight

Africa News

If TPLF hands over its arms, and some of its criminal entities within, there are many possibilities-Redwan Hussein

According to its state minister, Ethiopia will ensure inclusivity of all agendas at stake, including controversial constitutional elements to be discussed in a planned national dialogue to put forth a lasting solution to the internal conflict. On the sidelines of the Turkey-Africa Partnership summit, Redwan Hussien told Anadolu Agency that Ethiopia is moving forward to

December 20, 2021 • By Addis Insight

Africa News

In a letter to the United Nations, Debretsion Gebremichael (Dr.) stated that he had ordered his troops to return to the Tigray region.

In a letter to the United Nations, Debretsion Gebremichael (Dr.) stated that he had ordered his troops to return to the Tigray region. TPLF forces had been infiltrating Amhara and Afar regions beyond the Tigray region since June last year. In November, the government recaptured large swathes of territory, coordinating the army, regional special forces,

December 20, 2021 • By Addis Insight

Culture

Ethiopian Airlines’ Surprising Penalty For Misbehaving In Lounge

By- Ben Schlappig If you put your feet on a table in an Ethiopian Airlines lounge, you may be docked miles, or may even have your status downgraded. I kind of love it. Ethiopian will deduct miles or downgrade status for misbehavior The awesome Sean M. passes on the sign he saw in the Ethiopian

December 19, 2021 • By Addis Insight