Business

Girma Wake Emerges as Possible Successor as Uganda Airlines Prepares CEO Transition

Uganda Airlines is preparing for a major leadership transition following the impending departure of its Chief Executive Officer, Jenifer Bamuturaki, as investigations intensify into the management, procurement practices, and financial performance of the state-owned carrier. Multiple Ugandan media outlets report that Yoweri Museveni has pushed for a reset at the loss-making airline amid probes led

February 4, 2026 • By Addis Insight

Business

NBE Sells USD 70 Million at 155.05 Birr as 8 Banks Win FX Auction

Addis Ababa, January 26, 2018 (FMC) — The National Bank of Ethiopia has released the official results of its latest foreign exchange auction, held today as part of its ongoing efforts to manage liquidity and stabilize Ethiopia’s foreign exchange market. The central bank stated that a total of USD 70 million was made available for

February 3, 2026 • By Addis Insight

Business

Africa CDC Opens First Medical Supply Warehouse in Addis Ababa

Addis Ababa — The Africa Centres for Disease Control and Prevention (Africa CDC) has inaugurated its first-ever medical supply warehouse, marking a major step in strengthening Africa’s capacity to respond swiftly to public health emergencies. The newly established 1,000-square-metre temporary facility, located at Africa CDC’s headquarters in Addis Ababa, is designed to support the procurement,

February 3, 2026 • By Addis Insight

Business

Abiy Ahmed Says Ethiopia Has Not Received External Funding for GERD

Prime Minister has stated that Ethiopia has not received “a single birr” in foreign financial assistance for the construction of the (GERD). The Prime Minister made the remarks while addressing the 6th Ordinary Session of the 5th Annual Working Session of the 6th Federal House of Representatives on Friday. During the session, it was confirmed

February 3, 2026 • By Addis Insight

Business

Ethiopian Airlines: ASKY Planes Damaged in Niger Attack to Be Repaired

Addis Ababa, January 25, 2018 (FMC) — Two ASKY Airlines aircraft that were slightly damaged during an attack in Niger’s capital, Niamey, will be repaired and are expected to return to service soon, according to . The two Boeing 737 aircraft sustained minor damage during an incident at Niamey airport on Thursday night. No injuries

February 2, 2026 • By Addis Insight

Business

National Bank of Ethiopia to Hold 17th Foreign Exchange Auction, Offer USD 70 Million

The National Bank of Ethiopia (NBE) has announced that it will conduct the 17th round of its foreign exchange auction on Tuesday, February 27, as part of its ongoing policy measures aimed at controlling inflation and stabilizing the country’s foreign exchange market. Under the auction, the central bank will offer USD 70 million to the

February 2, 2026 • By Addis Insight

Business

Can Ethiopia Win the 2028 AFCON Bid? Inside the Nation’s Ambitious Stadium and Infrastructure Surge

The formal submission of Ethiopia’s bid to host the 2028 Africa Cup of Nations (AFCON) represents a definitive intersection of sporting ambition and a multi-dimensional national development agenda. This move, finalized by the Ethiopian Football Federation (EFF) on January 2, 2026, marks a significant acceleration of the country’s previous objective to host the 2029 edition.

January 31, 2026 • By Addis Insight

Business

Ethiopia Unveils Landmark Shebele Resort in Push for Regional Tourism Hub

Ethiopia officially inaugurated the Shebele Resort in the Somali Region on Saturday, marking a major milestone in Prime Minister Abiy Ahmed’s ambitious “Dine for Generation” (Gebeta Le Tewled) initiative. The ceremony, held in Jigjiga, was attended by Djibouti President Ismail Omar Guelleh and Somalia President Hassan Sheikh Mohamud, highlighting the project’s significance for regional diplomacy

January 31, 2026 • By Addis Insight

Business

Ethiopia Submits Official Bid to Host 2028 Africa Cup of Nations

The Ethiopian Football Federation (EFF) has formally submitted a bid to host the 2028 Africa Cup of Nations (AFCON), adjusting its long-term hosting ambitions following a major change to the tournament’s scheduling by the Confederation of African Football (CAF). Ethiopia had originally positioned itself as a candidate for the 2029 edition of the continent’s flagship

January 30, 2026 • By Addis Insight

Business

Safaricom Ethiopia Revenue Jumps Nearly 48% in Q3 FY26 as Data, Voice and M-PESA Surge

Addis Ababa, Jan 30, 2026 — Safaricom Ethiopia reported strong revenue growth in the third quarter of FY2026, signaling accelerating commercial traction in Africa’s second-most populous market, driven by rising data consumption, a rebound in voice services, and rapid expansion of M-PESA usage. Total revenue rose 47.9% year-on-year to KES 9.97 billion, up from KES

January 30, 2026 • By Addis Insight