Business

Unlocking Ethiopia’s Gemstone Potential: Haimanot Sisay’s Journey as the First Gemstone School Founder

Haimanot Sisay’s journey from studying computer science to becoming a pioneering gemologist in Ethiopia is a compelling tale of passion, perseverance, and the transformative power of education. With a background that includes working as a flight attendant for Ethiopian Airlines and establishing her own gemstone export business, Haimanot has not only carved a niche for

September 25, 2024 • By Addis Insight

Business

Ethiopia’s Government Considers Berbera Port for Fuel Imports as Djibouti Depot Faces Capacity Declines

The Ethiopian government is awaiting a decision regarding the importation of fuel through Berbera Port in Somaliland, a move prompted by ongoing issues with fuel distribution and service capacity at the Horizon Oil Storage Depot in Djibouti. The Horizon depot has seen a reduction in service capacity, leading to disruptions in the fuel supply chain

September 25, 2024 • By Addis Insight

Business

Zemen Bank Mobilizes Over $500 Million in Foreign Currency During 2023/24 Fiscal Year

Zemen Bank has announced that it successfully mobilized over $500 million in foreign currency during the 2023/24 fiscal year. The bank reported a total of $566 million in foreign exchange mobilization, a notable achievement amid ongoing economic challenges in Ethiopia’s financial sector. Tewahido Tafesse, Chief Strategy and Marketing Officer of Zemen Bank, shared the details

September 25, 2024 • By Addis Insight

Business

Car Fuel Queues in Addis Ababa: Not a Supply Issue

Recent observations at gas stations across Addis Ababa have raised concerns about fuel availability; however, officials assert that the long lines are not due to a supply problem. Director Getachew Amonne of the Petroleum Authority announced, “We have confirmed that the rally of gasoline trucks in Addis Ababa city is not related to supply.” He

September 24, 2024 • By Addis Insight

Business

The End of an Era: Ethio Telecom Phases Out Copper for High-Speed Fiber

Ethio Telecom has announced the launch of its “Copper Switch Off” service, aimed at modernizing wired broadband internet and data-based voice services by transitioning from copper lines to fiber optics. Frehiwot Tamru, the CEO of Ethio Telecom, presented the new service to media professionals, explaining that copper technology has been a cornerstone of the telecommunications

September 24, 2024 • By Addis Insight

Society

From Hype to Reality: Why Ethiopia’s Motivational Speakers Need a Reality Check

Quick Fixes or Quick Flops? Why Your Motivational Speaker Might Need a Reality Check In today’s world, motivational speeches are everywhere, overflowing social media and training centers with promises of instant success and personal transformation. This growing trend, with its shiny attraction of quick fixes, has captivated millions, especially young people eager to escape their

September 24, 2024 • By Addis Insight

Business

Ethiopia Launches First-Ever Livestock Transport by Train to Djibouti

For the first time, Ethiopia has started transporting livestock by train to Djibouti. Chief Executive Officer of the Ethio-Djibouti Railway Joint Stock Company, Engineer Takele Uma, announced the launch of the railway transport service for livestock from Adama to Djibouti. Engineer Takele Uma recalled that previously, railway transport was only used for importing goods into

September 23, 2024 • By Addis Insight

Uncategorized

Ethio IQ: The Ed-Tech Startup Redefining Success for Ethiopian Students

By Addis InsightSeptember 23, 2024 In the heart of Ethiopia’s education reform movement, Ethio IQ has emerged as a transformative force, not merely a tutoring platform, but a full-scale innovation in how learning outcomes are engineered. Founded by Abel Aregawi and Meron Aberra Tassew, the startup is rewriting the narrative of Ethiopia’s education crisis through

September 23, 2024 • By Addis Insight

Uncategorized

Addis Ababa Police Arrest Lideta Official Hiding at Skylight Hotel in Corruption Case

A corruption suspect was apprehended while hiding in a hotel. Authorities have confirmed the arrest of Mr. Tewodros Tsegaye, the head of the Land Development Office of Ledata Sub-city in Addis Ababa, who was wanted on corruption charges. He was found hiding at Skylight Hotel. Mr. Tsegaye is accused of exploiting the Corridor Development project

September 22, 2024 • By Addis Insight

Business

Meet Tayech Berihun: The Ethiopian-German Entrepreneur Empowering Kids Through LayuToys

In a world increasingly interconnected yet grappling with cultural displacement, Tayech Berihun saw an opportunity to empower children through playful learning. Her journey as the founder of LayuToys is not just about creating toys—it’s about preserving language, celebrating diversity, and fostering cultural pride in children. In this spirited interview, Tayech shares the inspiration, challenges, and

September 21, 2024 • By Addis Insight