Business

Isak & Mulugheta: Eritrean Icons Driving Billion-Dollar Deals and Transfers

One reshaped billion-dollar negotiations from a Dallas upbringing. The other turned silent resolve into the most expensive transfer in Premier League history. Together, David Mulugheta and Alexander Isak are rewriting what influence looks like—on the touchline and in the boardroom. Opening Scene From Dallas to Stockholm, from refugee stories to billion-dollar contracts, two sons of

September 3, 2025 • By Addis Insight

Business

Ethiopia’s Central Bank Governor Mamo Mihretu Steps Down After Two Years of Sweeping Reforms

Addis Ababa — Mamo Mihretu, Governor of the National Bank of Ethiopia (NBE), has resigned after a tenure that redefined the country’s financial sector through bold reforms, including floating the birr, opening the banking industry to foreign competition, and launching the first securities exchange in decades. Mihretu, who was appointed in January 2023 by Prime

September 3, 2025 • By Addis Insight

Business

1.4 Million Ethiopians on LinkedIn — What’s Driving the Trend?

LinkedIn in Ethiopia: 1.40 Million Professionals, 27% YoY Growth — TIME-Style Deep Dive Digital Ethiopia • Careers LinkedIn in Ethiopia: 1.40 Million Professionals, 27% YoY Growth A youth-heavy surge on LinkedIn is redefining Ethiopia’s formal economy. The signal isn’t just scale—it’s concentration: young, urban, and job-focused users converging on a single platform. By Kal September

September 3, 2025 • By Addis Insight

Business

Ethiopian Investment Holdings Reports 2.05 Trillion Birr Revenue in 2017, Eyes 2.75 Trillion in 2018

Ethiopian Investment Holdings (EIH), the sovereign wealth manager overseeing Ethiopia’s state-owned enterprises, announced a record performance for the 2017 financial year, posting revenues of 2.05 trillion birr and 262.7 billion birr in pre-tax profit—an 88% year-on-year increase. Sectoral Highlights EIH’s diversified portfolio of strategic enterprises showed robust growth across industries: In terms of profitability, transport

September 3, 2025 • By Addis Insight

Business

Ethiopia Expands VAT Rules: New Directive Targets Businesses and Professionals

Ethiopia Issues New VAT Directive, Expanding Registration Obligations for Businesses Addis Ababa, September 3, 2025 — Ethiopia’s Ministry of Finance has issued a new directive requiring more businesses and professionals to register for Value Added Tax (VAT), a move officials say will strengthen fairness in the tax system and broaden the country’s revenue base. Directive

September 3, 2025 • By Addis Insight

Business

Arkebe Oqubay Leads Marrakech Dialogue on Africa’s Green Industrialization

Dr. Arkebe Oqubay, British Academy Global Professor at SOAS University of London and one of Africa’s most influential voices on industrial policy, led a high-level dialogue on Manufacturing and Mobility: Scaling Up Sustainable Industrialisation in Africa during the Ibrahim Governance Weekend 2025. The session, organised by SOAS University of London’s Development Leadership Dialogue (DLD), drew

September 3, 2025 • By Addis Insight

Uncategorized

The Age of Water: Meles Zenawi’s Enduring Legacy in Ethiopia’s Dam Renaissance

The Age of Water: Meles Zenawi’s Enduring Legacy in Ethiopia’s Dam Renaissance Ethiopia’s four-decade hydropower revolution—anchored by the vision of Meles Zenawi—turned rivers into sovereignty, megawatts into industry, and national sacrifice into the financing of Africa’s largest dam: the GERD. By Addis Insight Analysis · Sep 2, 2025 · Updated Sep 2, 2025 Ethiopia is

September 2, 2025 • By Addis Insight

Business

Ethio Telecom Investors Finally Receive IPO Share Allotment Confirmations

By Addis Insight · Sep 2, 2025 After months of anticipation, Ethio Telecom has officially begun confirming share allotments for investors in its landmark initial public offering (IPO). On September 1, 2025, thousands of Ethiopians received long-awaited text messages verifying their ownership stakes in the state-owned telecom giant. A Historic Moment for Ethiopian Shareholders For

September 2, 2025 • By Addis Insight

Politics

Abiy Ahmed Declares: Ethiopia’s Red Sea ‘Mistake’ Will Be Corrected

Addis Ababa – Prime Minister Abiy Ahmed has once again placed Ethiopia’s long-standing quest for direct access to the Red Sea at the center of national debate, declaring in a televised interview that “the mistake made 30 years ago will be corrected tomorrow.” Speaking alongside his Social Affairs Advisor during a discussion on the completion

September 2, 2025 • By Addis Insight

Business

Africa’s Biggest Dam (GERD) Set to Open for Tourists

ADDIS ABABA / GUBA, BENISHANGUL-GUMUZ — Prime Minister Abiy Ahmed has said the Grand Ethiopian Renaissance Dam (GERD) will be opened for public visits “in the coming weeks,” signaling a new phase for Africa’s largest hydropower project: from nation-building icon to national attraction. The announcement comes as Ethiopia prepares formal inauguration events for September, after

September 1, 2025 • By Addis Insight