Business

How Ethiopia Can Achieve 4% Growth by 2026: World Bank’s Insights on Inflation, Currency, and Investment

Ethiopia, like much of Sub-Saharan Africa, is navigating a complex economic landscape shaped by inflation, fiscal challenges, and the need for human capital development. The World Bank’s latest Africa’s Pulse report provides insights that are crucial for understanding Ethiopia’s economic prospects, particularly in light of inflationary pressures, exchange rate volatility, and the need for strategic

October 17, 2024 • By Addis Insight

Uncategorized

Earthquake Tremors Felt Across Addis Ababa

Minutes ago, residents in various parts of Addis Ababa reported feeling the tremors of an earthquake. The earthquake, which lasted only a few seconds, has caused concern across the city. This marks the third earthquake tremor to be felt in recent days. A local resident shared, “It was especially strong upstairs. The building shook for

October 16, 2024 • By Addis Insight

Tech

Ethio Telecom Opens Share Sale to the Public, Valued at 100 Million Shares

Prime Minister Abiy Ahmed Announces Sale of 10% of Ethio Telecom’s Shares, Valued at 30 Billion Birr In a ceremony attended by Prime Minister Abiy Ahmed (Dr.), Ethio Telecom officially announced the sale of 10% of its shares to the Ethiopian public. The share sale, which will run from October 16, 2024, to December 25,

October 16, 2024 • By Addis Insight

Business

Ethiopian Airlines Flight Lands Safely After Smoke Incident

Addis Ababa, October 16, 2024 – Ethiopian Airlines has confirmed that flight ET248, en route from Addis Ababa to Dire Dawa, successfully landed at Dire Dawa Airport after smoke was noticed during the plane’s descent. Despite the unsettling situation, the airline assured that all passengers were disembarked safely and without incident. The source of the

October 16, 2024 • By Addis Insight

Business

Ethiopian Airlines Launches New Passenger Service to Port Sudan

Addis Ababa, 15 October 2024 – Ethiopian Airlines, Africa’s largest airline and a leading global carrier, has officially commenced its new passenger service to Port Sudan, marking an expansion of its extensive African network. The inaugural flight departed from Addis Ababa’s Bole International Airport today, following a ceremony attended by officials from the Republic of

October 16, 2024 • By Addis Insight

Business

Arkebe Oqubay Co-Edits Oxford Handbook on Greening Economic Development, Scheduled for Release in May 2025

Ethiopian policymaker and scholar Arkebe Oqubay is co-editing a significant new volume, The Greening of Economic Development: A Global Industrial Revolution, scheduled for release on May 15, 2025. Co-edited with John A. Mathews, the book offers a comprehensive exploration of how economic growth can align with environmental sustainability, focusing on renewable energy, circular resource flows,

October 16, 2024 • By Addis Insight

Uncategorized

Addis Ababa’s Public Transport Fare Revision with New Rates

The Addis Ababa City Transport Office has announced a revised public transport fare, effective October 16, 2024. The new fares cover mini-buses, midi-bus taxis, and city buses providing services within the city. The revision considers the current retail fuel price and administrative costs. The new fare structure is as follows: Mini-buses and midi-buses: Up to

October 15, 2024 • By Addis Insight

Uncategorized

The Difference Between the Purchase and Sale of Foreign Currency Should Not Exceed Two Percent

October 5, 2017 (Ahadu Radio) — The National Bank of Ethiopia (NBE) has reinforced that the difference between the rates at which commercial banks buy and sell foreign currency must not exceed two percent. This measure aims to narrow the gap between these rates in line with international standards. In a letter addressed to commercial

October 15, 2024 • By Addis Insight

Opinion

Analysis: Following the Terrible Results of Ethiopian Secondary School Leaving Exam in 3 Consecutive Years, What Measures should be taken to Improve Educational Quality?

According to World Bank, education is a basic human right, a dominant tool of development, and one of the most powerful strategies used to reduce poverty, promote public services like health and achieve sustainable peace, stability and gender equality. In the employment market, every additional year of schooling led to 90% increment of hourly earnings.

October 15, 2024 • By Addis Insight

Tech

Meta and Ethio Telecom to Offer Free Meta-Facebook Access Without Mobile Balance for a Limited Time

Meta Platforms to Launch Flagship Program in Partnership with Ethio Telecom Addis Ababa, October 14, 2024 – Ethio telecom has announced a significant partnership with Meta Platforms (formerly Facebook), marking a major milestone in Ethiopia’s digital service sector. During a strategic meeting between Frehiwot Tamru, CEO of Ethio telecom, and Vikas Menon, Director of Business

October 14, 2024 • By Addis Insight