Business

The Controversial Minimum Salary Floor for Hospitality and Service Sectors Set by Addis Ababa Revenue Bureau

“There is a ridiculous difference between what is paid and what they say they will pay,” said the Addis Ababa Revenue Bureau in a recent statement that has stirred legal debates and ignited public discourse on wage disparity and tax collection methods in Ethiopia. In a move aimed at improving payroll tax compliance, the Addis

December 14, 2024 • By Addis Insight

Culture

From Japan to Addis Ababa: The Story Behind Kokoro, a Restaurant Born “From the Heart”

Nestled along Bole Atlas Road in the bustling city of Addis Ababa, Kokoro stands as a bridge between two distinct cultures—Ethiopian and Japanese. At its helm is Chef Seife, a man whose journey spans decades and continents, fueled by a passion for food and a commitment to authenticity. Kokoro, which means “From the Heart” in

December 13, 2024 • By Addis Insight

Business

Ethiopian Securities Exchange to Launch in January

The Ethiopian Securities Exchange (ESX) has announced its official launch, scheduled for January 2024. According to Dr. Tilahun Ismail, the institution’s CEO, the ESX has been undertaking extensive preparatory activities over the past year to bring this initiative to fruition. Yodit Kassa, Chief Business Development Officer of the ESX, highlighted the development of a digital

December 13, 2024 • By Addis Insight

Business

Ethiopia Startup Data Hub Launched: A Game-Changer for Startups and Investors

A new open-access data platform has been launched in Ethiopia, offering a centralized hub for insights into the country’s startup ecosystem. Developed in partnership with the Ministry of Innovation and Technology, Systemic Innovation, GrowthAfrica, and Dealroom.co, and funded by the FCDO through The RISA Fund, this platform is designed to transform how stakeholders access and

December 13, 2024 • By Addis Insight

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