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NEW BANK ROLLS THE DICE

Ahadu Bank, a new commercial bank, is under formation and has sold 200 million Br worth of shares as of this week. Ahadu got an approval from the National Bank of Ethiopia (NBE) to start selling shares back in February 2020 and embarked on the task in March after mobilizing its resources and opening an

June 24, 2020 • By Kaleab Girma

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EGYPT PHONES RUSSIA’S FOREIGN MINISTER TO GARNER SUPPORT OVER GERD

The Foreign Minister of Egypt Sameh Shoukry called Sergey Lavrov Russia’s Foreign Minister on June 21, 2020, to garner support over the ongoing dispute between Ethiopia and Egypt regarding the Grand Ethiopian Renaissance Dam. In a statement released by the Russian Embassy in Addis Abeba today, the Egyptian foreign minister passed his distress over Egypt’s

June 23, 2020 • By Kaleab Girma

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Ethiopia Investment Commission Commissioner Abebe Abebayehu Resigns

Ethiopia Investment Commission Commissioner, Abebe Abebayehu resigned from his post after his resignation letter got an approval. The commissioner has been serving the EIC for the past two years. His appointment comes right after the former EIC commissioner Ato Fitsum Arega, moved to the USA to serve has Ethiopia’s ambassador. The news first broke on

June 22, 2020 • By Addis Insight

Culture

ADDIS FINE ARTS CLOSES DOORS, MOVES EXHIBITS ONLINE

Addis Fine Arts, one of the pioneering galleries found in Addis Ababa has closed its doors and moved its exhibits online because of the Novel Coronavirus. The gallery that was located on Woldfiker Building on Cameron Street (around Bole Medhane Alem) was forced to close its doors temporarily as it could not do physical exhibitions

June 21, 2020 • By Kaleab Girma

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Egyptian Air Force On High Alert After Al-Sisi Call

Egypt Air Force is put on high alert following President Abdel Fattah El-SIsi  order for his army to be ready  to conduct any military mission inside or outside the country. Several Middle East media outlets interpreting the call as a warning to Turkey and a potential intervention of Egypt in Libya.  President Al Sisi’s call

June 20, 2020 • By Addis Insight

Health

BLACK LION RESUMES CANCER TREATMENT AFTER COVID-19 SCARE

The Oncology Department of Black Lion Hospital that’s responsible for the treatment of cancer patients has returned to its normal operations after closing its doors as five of its staff tested positive for the Novel Coronavirus. The department, which is one of the two Oncology wards found in the capital, was forced to close its

June 19, 2020 • By Kaleab Girma

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ILLEGAL EXPORTS PUGH RED ONION PRICE TO RECORD HIGH

The price of red onion sored recently in Ethiopia, due to illegal exports to the neighboring countries, causing a shortage of one of the most key vegetables in almost all Ethiopian dishes. On average the price of red onion last year was 15 birr per kilogram but currently, a kilogram of onion is being sold

June 19, 2020 • By Eldad Damte

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AMERICAN AVIATION AUTHORITY ADMITS BLAME FOR ET 302 CRASH

The head of the American Federal Aviation Administration (FAA) acknowledged on Wednesday, June 17, 2020, that the agency and Boeing made mistakes that led to the crashing of the Ethiopian Airlines Flight 302 that killed 157 people. The testimony came from Steve Dickson head of Federal Aviation Administration Administrator, as the United States Senate held

June 18, 2020 • By Kaleab Girma

Diaspora

TRUMP TO APPOINT NEW AMBASSADOR TO ETHIOPIA

The white house announced its intent to nominate a new ambassador to Ethiopia on Monday, June 15, 2020. If appointed Geeta Pasi the 58-year-old Indian-American career diplomat will be the new ambassador of the US to Ethiopia. Pasi who currently serves as the Principal Deputy Assistant Secretary for African Affairs at the Department previously served

June 17, 2020 • By Kaleab Girma

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Digital Strategy Takes Root in Ethiopia

The council of ministers approved on Monday 15 June 2020 a digital strategy with a major aim of ensuring the county’s readiness for the development of a digital technology-based economy. The strategy that focuses on building infrastructures that support the digital economy allowing the government to properly build a system that can sustain the main

June 16, 2020 • By Eldad Damte