Business

From ETB 2,900 to 1,500: How Lemi National Cement is Transforming Ethiopia’s Cement Market

When the Ethiopian government lifted the ban on foreign direct investment (FDI) in 2020, it was a clear step toward realizing its vision of industrial growth and self-reliance. This move has given a boost to the cement sector, which has become a vital part of Ethiopia’s rapid urbanization and ambitious infrastructure projects. From roads to

December 13, 2024 • By Addis Insight

Business

EthSwitch Plans to Launch Credit Scoring and Digital Lending System

EthSwitch S.C., Ethiopia’s national switch operator, has announced plans to launch a credit scoring and digital lending system. The announcement was made during the launch event of Arifpay 3.0. Tsedale G/Egziabher, Director of Business Analysis and Digital Transformation at EthSwitch, shared the update during a panel discussion at the event. Tsedale stated that the initiative

December 12, 2024 • By Addis Insight

Politics

Ethiopia and Somalia Reach Landmark Agreement with Turkish Mediation

In a breakthrough hailed as a “historic agreement,” Ethiopia and Somalia have resolved a year-long diplomatic feud following intensive negotiations mediated by Turkish President Recep Tayyip Erdogan in Ankara. The agreement, reached after eight hours of talks on Wednesday, is expected to pave the way for renewed peace and cooperation between the two Horn of

December 12, 2024 • By Addis Insight

Politics

Somali President Hassan Sheikh Mohamud Travels to Ankara for Critical Negotiations to Ease Somalia-Ethiopia Tensions

In a significant diplomatic move aimed at stabilizing the Horn of Africa, Somali President Hassan Sheikh Mohamud departed for Ankara, Turkey, on Tuesday to participate in the third round of high-stakes negotiations with Ethiopia. According to the Somali National News Agency (SONNA), the talks are orchestrated by Turkey and are pivotal in addressing the escalating

December 11, 2024 • By Addis Insight

Business

Ethiopian Transit Clearinghouse Launches at Berbera Port, Enhancing Somaliland-Ethiopia Trade Relations

Today, the Ministry of Finance and Development of Somaliland announced the inauguration of the Ethiopian Transit Clearinghouse at Berbera Port, marking a significant milestone in the economic partnership between Somaliland and Ethiopia. Abdiresheed Ibrahim, Director General of the Somaliland Ministry of Trade and Tourism, emphasized the importance of this development. “This is a big milestone

December 11, 2024 • By Addis Insight

Politics

Fana Broadcasting’s Documentary and Isaias Afewerki’s Interview: A Deep Dive into Ethiopia-Eritrea Relations

Fana Broadcasting’s recent documentary The Asmara Government’s Matter – የራሷ አሮባት has ignited heated debate by presenting a scathing critique of Eritrean President Isaias Afewerki and his governance. The documentary, framed as a response to Isaias’ recent interview on Eritrean state television, highlights the stark divergence in the narratives promoted by the Eritrean president and

December 10, 2024 • By Addis Insight

Business

Amhara Bank Reports Total Assets Surpassing 35 Billion Birr at General Meeting

Amhara Bank held its 3rd regular general meeting of shareholders today, announcing that its total assets have reached 35.2 billion birr. The bank revealed a 33% increase in loan advancements, amounting to nearly 20 billion birr, and reported a 26% growth in total deposits, with regular and interest-free banking services reaching a combined total of

December 10, 2024 • By Addis Insight

Opinion

Analysis of Ethiopian State Media’s Silence on Bashar al-Assad’s Overthrow

The decision by Ethiopian state media outlets such as Fana Broadcasting and the Ethiopian Broadcasting Corporation (EBC) to avoid reporting on the overthrow of Syrian President Bashar al-Assad, while covering other international stories like the TikTok Ban Bill, reveals much about the priorities and strategies of state-controlled media. This selective reporting, especially of such a

December 9, 2024 • By Addis Insight

Women

From Catcalling to Femicide: The Violence We’ve Learned to Survive

By- Megdelawit Getahun Every woman knows the quiet, uneasy calculus of survival. It begins the moment you step outside: scanning your surroundings, listening for footsteps behind you, and walking faster if you sense the slightest unease. This vigilance is not something taught directly but learned from early warnings, mothers urging us to cover up, friends

December 9, 2024 • By Addis Insight

Culture

Mimi’s Addis: A Versatile Dining Destination in the Heart of Addis Ababa

Located in the vibrant Bole neighborhood along Atlas Road, Mimi’s Addis has become a notable name in Addis Ababa’s culinary scene over the past five years. Serving the city’s ever-growing middle and upper classes, the restaurant aims to provide quality food and service in a welcoming and relaxed environment. By offering a diverse menu that

December 7, 2024 • By Addis Insight