Africa News

From Birthrights to Aid Freezes: Ethiopia Caught in Trump’s Policy Crossfire

On January 20, 2025, President Donald Trump issued a series of executive orders that have significant implications for both domestic and international affairs. Two notable actions include the termination of birthright citizenship for children of non-citizens and a 90-day freeze on foreign aid to all countries. These measures are poised to impact nations like Ethiopia,

January 21, 2025 • By Addis Insight

Culture

Marcus Samuelsson’s Latest Creation, The Adwa Dish, Redefines the Global Food Scene

Marcus Samuelsson’s upcoming addition to the Marcus Addis menu, Adwa, is more than just a culinary creation—it’s a powerful statement of cultural pride and historical triumph. Named after Ethiopia’s iconic victory at the Battle of Adwa in 1896, where Ethiopian forces defeated Italian invaders, the dish symbolizes resilience, ingenuity, and the celebration of Ethiopian identity.

January 21, 2025 • By Addis Insight

Market

Ethiopia’s Debt Reaches $68.86 Billion: What’s Next

Ethiopia’s Debt Reaches $68.86 Billion: Insights from the Ministry of Finance Ethiopia’s public debt has reached a total of $68.86 billion by June 2024, according to the Ministry of Finance’s recently released Public Sector Debt Portfolio Analysis No. 25. This figure represents 32.9% of the nation’s GDP, marking a decline from 57.2% in 2019, signaling

January 21, 2025 • By Addis Insight

Business

Ethiopia’s Coffee Exports Hit $988 Million in Six Months, Powered by Nekmet’s Global Surge

Key Takeaways Ethiopia’s Coffee Boom Ethiopia’s coffee industry is enjoying a remarkable run, posting robust gains in both export volume and earnings over the past six months. According to the Ethiopian Coffee and Tea Authority, the country shipped 240,260 tons of coffee—far outpacing the official target of 133,063 tons—and generated $988 million in revenue, well

January 21, 2025 • By Addis Insight

Uncategorized

Ethiopia’s GDP Drops to $100 Billion Following Currency Devaluation

Ethiopia’s nominal GDP, measured in US dollars, fell drastically from $207 billion in June 2016 E.C. (2024 G.C.) to $100 billion by September 2017 E.C. (2024 G.C.), according to the Ministry of Finance’s quarterly government debt report. This significant decline is attributed to the introduction of a market-based foreign exchange trading system in Hamle 2016

January 19, 2025 • By Addis Insight

Business

Ethiopian Airlines Honors Visionary Leaders Behind Its Success

Ethiopian Airlines, Africa’s largest and most successful airline, hosted a grand recognition and award ceremony to honor the distinguished former leaders who have significantly contributed to shaping its legacy. These leaders, who served as General Managers and CEOs, were instrumental in transforming Ethiopian Airlines into a globally recognized carrier. The honorees included Colonel Semret Medhane,

January 18, 2025 • By Addis Insight

Business

How to Calculate Property Tax in Ethiopia

The Ethiopian government’s new property tax law has sparked widespread debate, with opposition parties and members of the business community firmly condemning the move. This article explores the key provisions of the tax, its intended use, and the concerns it has raised. Overview of the Property Tax Bill On January 14, 2025, the Ethiopian House

January 18, 2025 • By Addis Insight

Business

IMF Completes Second ECF Review for Ethiopia, Approves US$248 Million Disbursement

The International Monetary Fund (IMF) Executive Board has completed the second review under the Extended Credit Facility (ECF) arrangement for Ethiopia, enabling the immediate disbursement of approximately US$248 million (SDR 191.7 million). This brings total disbursements under the program to about US$1.611 billion since its approval in July 2024. The four-year ECF arrangement supports Ethiopia’s

January 18, 2025 • By Addis Insight

Business

IMF Completes Second ECF Review for Ethiopia, Approves US$248 Million DisbursementJanuary 17, 2025 | Washington, D.C.

The International Monetary Fund (IMF) Executive Board has completed the second review under the Extended Credit Facility (ECF) arrangement for Ethiopia, enabling the immediate disbursement of approximately US$248 million (SDR 191.7 million). This brings total disbursements under the program to about US$1.611 billion since its approval in July 2024. The four-year ECF arrangement supports Ethiopia’s

January 18, 2025 • By Addis Insight

Business

IMF to Decide on Ethiopia’s $3.4 Billion Program, Unlocking $250 Million Boost

Addis Ababa – The International Monetary Fund (IMF) Executive Board is set to meet on Friday, January 17, 2025, to evaluate Ethiopia’s progress under its $3.4 billion Extended Credit Facility (ECF) program. If approved, the second review could unlock over $250 million in funding, providing a significant boost to Ethiopia’s ongoing economic reform efforts. This

January 17, 2025 • By Addis Insight