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

Business

Ethiopia’s Banking Reform Bill: Set to Be Ratified in Weeks, Opening Doors to Foreign Banks

Ethiopia is preparing to open its banking sector to foreign competition for the first time in its history, marking a significant shift in the country’s economic landscape. A new law, currently under review by the Ethiopian Parliament, is expected to be approved next month, ushering in this landmark change. This decision is part of the

December 7, 2024 • By Addis Insight

Business

Ethiopia’s Capital Market Hits a Milestone with the Launch of the First Securities Exchange

Addis Ababa, Ethiopia – December 7, 2024 – The Ethiopian Capital Market Authority (ECMA) has officially licensed the Ethiopian Securities Exchange S.C. (ESX), marking a historic milestone in Ethiopia’s economic transformation. This move is a key component of the country’s ongoing efforts to modernize its financial systems and support sustainable economic growth. The ESX, which

December 7, 2024 • By Addis Insight

Business

Petroleum Prices Unchanged for December, Ministry Confirms

The Ministry of Trade and Regional Cooperation has announced that retail prices for petroleum products will remain unchanged for December, maintaining the same rates as November. The ministry emphasized the importance of compliance, urging gas stations and petroleum companies to avoid unnecessary stockpiling or price hikes. It called on all stakeholders to adhere to the

December 6, 2024 • By Addis Insight

Uncategorized

Addis Ababa City Administration Implements Mandatory Fayda National ID Registration System

The mandatory registration number system has been established for all government institutions under the Addis Ababa City Administration. The Director General of the Addis Ababa Civil Registration Authority, Ato Yonas Alemayehu, told Bisrat Radio and Television that the registration number system is mandatory for all government institutions under the Addis Ababa City Administration. Accordingly, detailed

December 6, 2024 • By Addis Insight

Politics

Ato Taye Dandaa Released from Detention and Reunites with Family

Former State Minister for Peace, Ato Taye Dandaa, was released from the Criminal Investigation Center in Mexico at noon, as confirmed by his wife, Ms. Ntayehu Alemayehu, during an interview with Deutsche Welle. Ms. Sentayehu explained that earlier in the day, the family had brought food for Mr. Taye and confirmed his safety. They were

December 5, 2024 • By Addis Insight

Business

Ethiopian Parliament Approves Real Estate Development and Property Valuation

November 26, 2017 (Ahadu Radio) – During its 9th regular meeting of the 6th House of People’s Representatives in its 4th year of office, the Ethiopian Parliament approved three significant proclamations. These include the Real Estate Development and Immovable Property Marketing and Valuation Proclamation. Real Estate Development and Property Valuation Proclamation The Ethiopian Buildings Proclamation,

December 5, 2024 • By Addis Insight