Politics

Taye Atske Selassie Becomes Ethiopia’s President Amid Sahle-Work’s Cryptic Departure

Ambassador Taye Atske Selassie Appointed as President of Ethiopia, Replacing Sahle-Work Zewde Amid Speculation Addis Ababa, Ethiopia – October 7, 2024 — Ambassador Taye Atske Selassie has officially been appointed as the new President of the Republic of Ethiopia, succeeding Sahle-Work Zewde. This transition follows widespread speculation about President Sahle-Work’s potential resignation, fueled by a

October 7, 2024 • By Addis Insight

Business

Ethiopia Opens Doors: 20 Global Firms Licensed in Retail and Wholesale Sector

After the announcement of a new directive allowing foreign investors to engage in wholesale and retail business in Ethiopia, 71 international companies have expressed interest, and 20 licenses have been issued since July. It is worth recalling that two months ago, the Ethiopian Investment Board, chaired by the Prime Minister, decided to open up sectors

October 6, 2024 • By Addis Insight

Politics

President Sahle-Work’s Cryptic Tweet and Official Response Fuel Resignation Rumors Amid Growing Criticism

A recent tweet from Ethiopia’s President Sahle-Work Zewde has sparked widespread speculation about her possible resignation. The tweet, which quoted a line from Mahmoud’s song Silence is My Answer, read: “When a person feels sad and broken, when he has got no place to go, hope is his only hope.” This emotionally charged message, coupled

October 5, 2024 • By Addis Insight

Diaspora

Meet the Ethiopian Women Revolutionizing Children’s Education Across the Globe

In a rapidly evolving global landscape, three Ethiopian women entrepreneurs are making significant strides in children’s education by blending technology, culture, and innovation. Spread across Germany, Switzerland, and Ethiopia, Tayech Berihun of LayuToys, Selamawit Mindaye of Lijinet, and Nigist Goytom of HaHu Scripts are empowering the next generation through interactive learning tools that celebrate Ethiopian

October 5, 2024 • By Addis Insight

Business

Minibus Operators Face Uncertain Future Amid New Licensing Threat

The Ethiopian Ministry of Transport and Logistics has introduced a strict new directive to improve public transportation safety and efficiency in line with Addis Ababa’s modernization efforts. While beneficial for the city, these changes create significant challenges for the public transport operators, especially minibus taxi operators, who now must obtain a competency license with stringent

October 5, 2024 • By Addis Insight

Culture

Ethiopian Airlines Suspends Flights to Beirut and Tel Aviv Amid Regional Tensions

Addis Ababa, Ethiopia — Ethiopian Airlines has announced the suspension of all flights to Beirut until further notice and to Tel Aviv until October 7th due to the current situation in the region. The decision comes as part of the airline’s ongoing efforts to prioritize passenger safety and comply with directives from relevant authorities. The

October 4, 2024 • By Addis Insight

Business

Ethio Telecom Hikes International Call Rates by 658% Amid Rising Costs

Ethiopia’s state-owned telecom provider, Ethio Telecom, has announced a significant tariff increase across its services, citing rising operational expenses due to the country’s new floating exchange rate policy implemented two months ago. Range of Services Affected The new tariffs impact mobile services, fixed and wireless broadband, international calls, Telebirr transfers, and SMS. Ethio Telecom explained

October 3, 2024 • By Addis Insight

Business

Ethiopian Communications Authority Introduces New License Fees for Internet and Telecom Service Providers

The Ethiopian Communications Authority has issued a new directive, setting out license fees for companies applying to become internet service providers (ISPs), with costs reaching up to five million birr. The directive, issued under Communication Service Decree No. 1148/2011, also mandates that licensed companies pay an annual service charge of 1% of their gross income.

October 3, 2024 • By Addis Insight

Business

National Bank of Ethiopia Allocates $175 Million to Support Foreign Exchange Market

Addis Ababa, October 3, 2024 – The National Bank of Ethiopia (NBE) has announced a major allocation of $175 million to the foreign exchange market, aimed at supporting fuel-related import payments over the coming months. This move is expected to help alleviate pressure on foreign exchange needs, particularly for the Ethiopian Petroleum Supply Enterprise (EPSE),

October 3, 2024 • By Addis Insight

Business

Ethiopian Airlines Group and ETTE Sign MoU to Develop Ethiopia’s First Duty-Free Mall

Addis Ababa, October 3, 2024 – Ethiopian Airlines Group and Ethiopian Tourist Trading Enterprise (ETTE) have entered into an agreement to establish Ethiopia’s first duty-free mall. The two entities signed a memorandum of understanding (MoU) to collaborate on the development of a facility that aims to offer an international shopping experience, featuring luxury brands and

October 3, 2024 • By Addis Insight