Business

Ethiopia Enacts Landmark Startup Proclamation to Boost Innovation and Youth-Led Enterprises

Addis Ababa, June 5, 2025 — Ethiopia has taken a significant step toward fostering a vibrant startup ecosystem with the official endorsement of its first-ever Startup Proclamation. The new legal framework, announced by the Office of the Prime Minister, is aimed at creating a favorable environment for innovation-driven enterprises, particularly those led by youth, while

June 5, 2025 • By Addis Insight

Entertainment & Arts

The Voice That Crossed Borders: How Milen Hailu Is Singing Eritrea and Ethiopia Closer Together

🎤 The Voice That Crossed Borders: How Milen Hailu Is Singing Eritrea, Ethiopia, and Somalia Closer Together When Milen Hailu took the stage in Addis Ababa, she wasn’t just stepping into a music scene—she was stepping across a once-closed border, into a fragile peace, and into the hearts of millions. Originally from Eritrea, she arrived

June 4, 2025 • By Addis Insight

Business

Ethiopia Introduces Sweeping Tax Reforms Targeting Digital Creators, Consultants, and High Earners

Addis Ababa – June 4, 2025 The Ethiopian government has tabled a comprehensive amendment to its federal income tax proclamation, signaling a major shift in the country’s fiscal framework to align with digital economy realities and bolster domestic revenue mobilization. The newly proposed changes, referenced as the “Income Tax Amendment Proclamation /2017,” were submitted to

June 4, 2025 • By Addis Insight

Uncategorized

Fined & Furious: Ethiopia’s Traffic Fine Dilemma

A recent TikTok video vividly captured a heated confrontation, showcasing a driver physically engaging in a fight with two traffic policemen in Addis Ababa. This dramatic incident highlights the mounting tensions resulting from Ethiopia’s 2025 decision to drastically increase traffic penalties by tenfold, setting the minimum fine at 1,500 Ethiopian birr. For ride-hailing drivers who

June 4, 2025 • By Addis Insight

Business

Wegagen Capital Investment Bank Becomes Ethiopia’s First Private Investment Bank

Addis Ababa, June 4, 2025 – In a landmark development for Ethiopia’s emerging financial sector, Wegagen Capital Investment Bank S.C. has officially launched operations, becoming the country’s first private investment bank. The announcement was made during a high-profile inauguration event held at the Hilton Hotel in Addis Ababa, attended by key figures from government institutions,

June 4, 2025 • By Addis Insight

Business

Addis International Bank Unveils New Identity as “Addis Bank,”

Addis Ababa, Ethiopia – In a significant milestone marking its evolution and ambitions for the future, Addis International Bank has officially rebranded as “Addis Bank”, unveiling a new name, logo, and corporate motto: “Trusted for Your Success.” The announcement was made during a formal launch event held in Addis Ababa this evening, attended by senior

June 4, 2025 • By Addis Insight

Business

Store251 Launches New Website and App to Enhance the Ethiopian Shopping Experience

Addis Ababa, Ethiopia – May 30, 2025 – Store251, an online shopping platform based in Addis Ababa, is excited to announce the launch of its newly developed mobile application and website, introducing a more user-friendly, and rewarding way to explore and shop Ethiopian-made products. The launch will be held on May 30th at Atlas Store251,

June 3, 2025 • By Addis Insight

Business

Bill Gates Awarded Ethiopia’s Highest National Honor for 25 Years of Transformative Impact

Addis Ababa, June 1, 2025 — In a rare and symbolic ceremony at the National Palace, Ethiopian Prime Minister Abiy Ahmed presented the nation’s most distinguished accolade, the Grand Order of Merit of Ethiopia, to philanthropist and Microsoft co-founder Bill Gates, recognizing the remarkable legacy of the Bill & Melinda Gates Foundation’s work in Ethiopia

June 1, 2025 • By Addis Insight

Business

Ethiopia’s Hasset Dereje Named First Runner-Up at Miss World 2025

Hasset Dereje Admassu of Ethiopia has achieved a historic milestone at the 72nd Miss World pageant, securing the position of First Runner-Up in the globally celebrated beauty and purpose competition. The event, held at the HITEX Exhibition Centre in Hyderabad, India, concluded with Thailand’s Opal Suchata Chuangsri being crowned Miss World 2025. Hasset’s second-place finish

May 31, 2025 • By Addis Insight

Business

Ethiopia Secures IMF Staff-Level Agreement, Paving Way for $260 Million Disbursement

Addis Ababa, Ethiopia – May 30, 2025 — The International Monetary Fund (IMF) announced on Friday that it has reached a staff-level agreement with Ethiopia on the third review of the country’s $3.4 billion loan program. The agreement, once formally approved by the IMF Executive Board, will unlock a further $260 million in funding for

May 30, 2025 • By Addis Insight