Business

Ethiopian Shipping and Logistics Eyes Six New Ships to Meet Ethiopia’s Rising Import-Export Needs

Executives at Ethiopia’s state-owned Ethiopian Shipping and Logistics Services Enterprise (ESLSE) are advancing plans to add six bulk cargo ships to their fleet as the enterprise aims to bolster its capacity and support the nation’s growing import-export needs. According to The Reporter Wondimu Daba, ESLSE’s Deputy CEO for Corporate Services, confirmed that the ESLSE board

October 27, 2024 • By Addis Insight

Business

The Impact of Government Regulations on Ethiopia’s Real Estate Market

Is Ethiopia’s Real Estate Losing its Balance?With a series of impactful economic reforms, Ethiopia’s business environment is undergoing a significant transformation, impacting virtually all sectors. One of the most affected is the real estate sector, which is navigating a complex landscape marked by both opportunity and constraint. The recent shift to a market-based foreign exchange

October 26, 2024 • By Addis Insight

Uncategorized

Ethiopia Unveils Ambitious First Draft of Startup Ecosystem Development Policy, Open for Public Consultation

Addis Ababa, Ethiopia – October 24, 2024In a move to energize its emerging startup scene, the Federal Democratic Republic of Ethiopia has released a comprehensive draft of the “Startup Ecosystem Development Policy.” The policy, which is now open for public feedback, offers a roadmap to address key obstacles confronting Ethiopian startups, such as limited funding,

October 26, 2024 • By Addis Insight

Uncategorized

Legendary Ethiopian Football Figure Asrat Haile (‘The Sword’) Passes Away

Addis Ababa, Ethiopia – October 26, 2024 Ethiopian football has lost one of its most iconic figures, Asrat Haile, affectionately known as “The Sword.” A formidable player and revered coach, Haile passed away after a prolonged illness, for which he had been receiving treatment. His departure leaves a deep void in Ethiopian sports, marking the

October 26, 2024 • By Addis Insight

Uncategorized

Ethiopia’s Ahmed Shide Discusses Economic Reforms with U.S. Treasury’s Brent Nieman and Ambassador Molly Fee

Addis Ababa, October 15, 2017 (FBC) – A high-level Ethiopian delegation, led by Finance Minister Ahmed Shide, engaged in discussions with key officials from the US Department of State and the US Department of Treasury. The Ethiopian delegation met with Ambassador Molly Fee, Assistant Secretary for African Affairs, and Brent Nieman, Assistant Secretary for International

October 25, 2024 • By Addis Insight

Uncategorized

Ministry of Education Announces University Placements for 2024

The Ministry of Education has announced the placement results for students who took the 12th-grade national final exam in 2016 and achieved passing scores. These students have been placed in government higher education institutions under the ministry’s regular program. The Ministry of Education has stated that students can check their placements through the following options:

October 24, 2024 • By Addis Insight

Uncategorized

Addis Ababa City Administration Enforces Updated Setback Regulations Amid Growing Construction Challenges

The Addis Ababa City Administration is moving forward with implementing the controversial ‘Setback’ rule on major and sub-major roads, excluding those within corridor development zones. This comes in response to the city’s rapid urbanization and growing concerns about unregulated construction. The administration’s Construction Permit and Control Authority has issued a strict warning to developers violating

October 24, 2024 • By Addis Insight

Uncategorized

Sheikh Al-Amuddin Wins 852M Birr Case Against Abnet G/Meskel

Sheikh Mohammed Al-Amuddin has won a lawsuit filed against Mr. Abnet G/Meskel, demanding the return of 75 million birr, which was allegedly “given” to the Prosperity Party. The case, brought before the Federal High Court by Sheikh Mohammed Al-Amuddin, sought the return of funds donated to various government entities, including the 75 million birr in

October 23, 2024 • By Addis Insight

Business

New VAT Proclamation No. 1341/2024 Set to Increase Chicken and Egg Prices, Warns Industry Expert

During a press conference leading up to the 13th Ethio Poultry Expo (ETHIOPEX), the 9th Africa Livestock Exhibition and Congress (ALEC), the 4th Apiculture and Aquaculture Ethiopia Trade Show, and the newly launched Bio-Energy Trade Show, Dr. Demeke Wondimagegn, Technical Sales Manager of Turow Nutrition, raised concerns about an imminent rise in chicken meat and

October 23, 2024 • By Addis Insight

Entertainment & Arts

Fendika Cultural Center Holds Final Concert Before Demolition

Addis Ababa, October 21, 2024 – A final farewell was held Monday night at the Fendika Cultural Center, marking the end of an era for one of Addis Ababa’s most beloved cultural institutions. The last concert, attended by hundreds of devoted fans, artists, and cultural enthusiasts, was a tribute to the iconic venue before its

October 23, 2024 • By Addis Insight