Business

A Letter to the Ministry of Finance: Harnessing Bitcoin Mining for Ethiopia’s Economic Future

Dear Ministers and Directors, We write to you on behalf of Project Mano, an Ethiopian-led Bitcoin-focused nonprofit initiative. We respectfully submit this detailed proposal to underscore why Ethiopia must urgently embrace state-powered Bitcoin mining and establish its own national Bitcoin reserve. We also respectfully submit this thorough proposal to address Ethiopia’s persistent trade deficit, surging

January 27, 2025 • By Addis Insight

Business

Ethio-Djibouti Railway to Launch Passenger Services in February

Addis Ababa, Ethiopia – Ethio-Djibouti Railway (EDR) Share Company has announced its highly anticipated launch of passenger transport services, set to begin in February 2025. The move marks a significant milestone for the company as it shifts toward providing efficient and modern transportation options between Ethiopia and Djibouti. The company’s CEO, Engineer Takele Uma, confirmed

January 25, 2025 • By Addis Insight

Entertainment & Arts

Drummer Teferi Assefa, Ethiopian Jazz Pioneer and Negarit Band Leader, Passes Away at 53

The Ethiopian music community is mourning the loss of Teferi Assefa, a renowned drummer and percussionist, who passed away this past week in the United States due to medical complications. He was 53 years old. Teferi Assefa was celebrated for his exceptional talent and groundbreaking contributions to the Ethiopian jazz scene. Known for his innovative

January 25, 2025 • By Addis Insight

Business

Ethiopian Commodity Exchange Launches Online Trading System to Modernize Trade Sector

The Ethiopian Commodity Exchange (ECX) has launched a new online trading system, marking a significant step in the modernization of Ethiopia’s trading sector. The system was officially introduced by the Minister of Trade and Regional Integration, Kassahun Gofe (PhD), who described it as a transformative initiative designed to enhance efficiency and fairness in the trade

January 24, 2025 • By Addis Insight

Business

Customs Commission Revises Price Verification Guidelines for Imported Goods

The Customs Commission has announced updates to the price verification system for goods imported by manufacturers, revising the Customs Duty and Tax Payment Value Determination Guideline No. 158/2011. This move is intended to address longstanding complaints from manufacturers regarding delays in determining the price of imported goods and streamline customs processes. The guideline, which has

January 24, 2025 • By Addis Insight

Business

Mohammed Al Amoudi Among the World’s Top 400 Billionaires in 2025

As of January 23, 2025, Mohammed Al Amoudi is ranked 317th on the Bloomberg Billionaires Index, placing him firmly among the world’s top 400 billionaires. With an estimated net worth of $9.07 billion, Al Amoudi’s business interests span energy, mining, agriculture, and real estate, making him a key figure in global industries and one of

January 23, 2025 • By Addis Insight

Business

Ethiopian Airlines Expands Cargo Fleet with Boeing 777 Freighter

Ethiopian Airlines, the largest airline in Africa and a leading global air freight operator, has announced the addition of a state-of-the-art Boeing 777 Freighter, ET-BAB, to its ever-growing cargo fleet. This strategic move further strengthens Ethiopian Cargo’s capacity to meet the increasing global demand for efficient, reliable, and environmentally conscious air freight services. A New

January 23, 2025 • By Addis Insight

Politics

Somalia’s President Visits Egypt After Ethiopia: Balancing Regional Tensions

Somalia’s President Hassan Sheikh Mohamud arrived in Cairo on Thursday for an official visit to meet with Egyptian President Abdel Fattah al-Sisi. The visit, made at the invitation of President al-Sisi, highlights the deepening ties between Somalia and Egypt while drawing regional attention due to recent geopolitical developments. The Somali national news agency SONNA reported

January 23, 2025 • By Addis Insight

Business

Mayor Adanech Abebe Launches Construction of Kasanchis-Ayat Residential Village

Addis Ababa, January 15, 2017 (FMC) – Addis Ababa City Mayor, Adanech Abebe, has officially inaugurated the construction of 13,752 residential units in the Kasanchis-Ayat Residential Village, a project being executed through a public-private partnership. The initiative, led by the Addis Ababa City Administration in collaboration with Ayat Real Estate, aims to deliver modern housing

January 23, 2025 • By Addis Insight

Business

Starbucks Celebrates Ethiopia’s Coffee Heritage with New Single-Origin Release

Starbucks is spotlighting Ethiopia, the birthplace of coffee, with the release of its newest single-origin coffee. The Starbucks Single-Origin Ethiopia whole bean coffee, sourced from the Sidama region, is now available across North America this winter. This blonde roast offers a unique flavor profile, with floral aromas and notes of tangerine and lemon balm, celebrating

January 23, 2025 • By Addis Insight