Entertainment & Arts

The Weeknd’s Reflection on the Ethiopian Red Terror: A Hidden Narrative in His Song

Abel Tesfaye, known to the world as The Weeknd, has built a career around deeply emotional and introspective music. While his songs often explore themes of love, fame, and personal struggles, a more profound historical narrative seems to emerge in one of his latest tracks. The lyrics of this song, particularly its references to “terror,”

January 31, 2025 • By Addis Insight

Business

Mastercard Foundation and Reach for Change Select 13 Game-Changing EdTech Startups to Transform Learning in Ethiopia

In a bold move to reshape education for underserved communities in Ethiopia, the Mastercard Foundation, in collaboration with Reach for Change, has announced the selection of 13 groundbreaking EdTech enterprises for its prestigious EdTech Fellowship. These startups have been chosen for their innovative approaches to addressing some of the country’s most pressing educational challenges, including

January 31, 2025 • By Addis Insight

Uncategorized

Only Through Court Orders– Minister Clarifies Ethiopia’s Asset Recovery Law

The approved Asset Recovery Proclamation is now in effect and will only be enforced through a court order, ensuring that suspects have the opportunity to appear in court and present their case to avoid unjust charges. The Ministry of Justice, responsible for implementing the proclamation, briefed journalists today about its enforcement following its approval on

January 30, 2025 • By Addis Insight

Business

Ethiopian Electricity Service Introduces Mobile Recharge System for Prepaid Users

The Ethiopian Electricity Service (EES) has announced the implementation of STS smart single-phase meters under the Unified Prepayment Project, aimed at simplifying electricity payments and energy sales for prepaid meter users. According to EES, this project will address common complaints related to utility payments and enhance customer convenience by enabling users to purchase electricity anytime,

January 30, 2025 • By Addis Insight

Business

Ethiopian Banks Charge Hidden Fees, Driving Dollar Rate Up to 160 Birr

According to Wazema Radio, certain commercial banks in Ethiopia are charging additional fees beyond the legally mandated costs for foreign currency sales. Several import traders reported to Wazema Radio that when they request foreign currency from commercial banks, they are often told, “We don’t have it.” Instead, banks direct them to customers who already have

January 30, 2025 • By Addis Insight

Uncategorized

Ato Berhanu Adelo: Once Removed, Now Nominated for EHRC Chief Commissioner

Former member of the House of People’s Representatives, Ato Berhanu Adelo, has been nominated for the position of Chief Commissioner of the Ethiopian Human Rights Commission (EHRC). Ato Berhanu, who has held various government positions, most recently served as the Director General of the Ethiopian Intellectual Property Office. The House of Representatives is set to

January 30, 2025 • By Addis Insight

Business

IMF Managing Director Kristalina Georgieva to Visit Ethiopia for High-Level Engagements

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, will undertake a two-day official visit to Ethiopia on February 8 and 9, 2025. This visit marks her first trip to the country since assuming the role of Managing Director in 2019 and highlights the IMF’s ongoing commitment to supporting Ethiopia’s economic development and

January 30, 2025 • By Addis Insight

Business

Commercial Bank of Ethiopia to Launch Salary-Based Loans via CBE Birr Plus App

The Commercial Bank of Ethiopia (CBE) has announced that it will soon begin offering salary-based loans to employees of government-owned development institutions through the CBE Birr Plus app. As part of Customer Service Month, CBE held a discussion with executives from various government-owned development institutions at its headquarters on January 28, 2025, in the afternoon.

January 29, 2025 • By Addis Insight

Business

Ethiopian Investment Holdings Plans Global Stock Market Return, Eyes Multinational Investments

Ethiopian Investment Holdings (EIH), the East African nation’s sovereign wealth fund, is poised to make a historic return to the global stock market with plans to invest in multinational corporations. This move marks Ethiopia’s reentry into international equity markets after more than a century, following Emperor Menelik II’s pioneering investments in New York stocks in

January 29, 2025 • By Addis Insight

Culture

After 40 Years Abroad: How Daniel Berhanu Returned to Ethiopia to Launch CoBuQa Mexican Restaurant

CoBuQa: A Taste of Mexico in the Heart of Addis Ababa In the lively Kasanchiz area of Addis Ababa, one restaurant is redefining the culinary scene by introducing authentic Mexican cuisine to Ethiopia: CoBuQa. This vibrant eatery, founded by Daniel Berhanu, seamlessly blends tradition and innovation to deliver a dining experience like no other. CoBuQa’s

January 28, 2025 • By Addis Insight