Books

Fikir Eske Mekabir to Air on Ethiopian Broadcasting Corporation for the Ethiopian New Year

Addis Ababa, Ethiopia – The much-anticipated television adaptation of the iconic Ethiopian novel “Fikir Eske Mekabir” (Love to the Grave) is set to air on the Ethiopian Broadcasting Corporation (EBC) starting this Ethiopian New Year. The CEO of EBC, Mr. Getnet Tadese, made the exciting announcement that the beloved characters Seblewongel and Bezabih, imprinted in

September 10, 2024 • By Addis Insight

Diaspora

Julie Mehretu Creates Towering Glass Mural for Obama Presidential Center in Chicago, Drawing on Her Ethiopian Heritage

Julie Mehretu, an Ethiopian-born artist renowned for her monumental abstractions, has completed one of her most ambitious projects yet—a towering glass mural titled Uprising of the Sun for the Obama Presidential Center (OPC) in Chicago. The 83-foot-tall artwork, made of painted glass panels, is the most prominent of several art commissions for the center, which

September 9, 2024 • By Addis Insight

Politics

Ministry of Education Announces 12th Grade National Exam Results: 5.4% Pass Rate

Ministry of Education Announces 12th Grade National Exam Results: 5.4% Pass Rate, Addis Ababa Leads Success The Ministry of Education has announced the results of the 12th-grade national exam, with 36,409 students successfully passing out of the 684,205 who took the exam during the 2016 school year, according to Education Minister Birhanu Nega (Professor). In

September 9, 2024 • By Addis Insight

Business

Ethiopia’s Money Market Auctions in Decline: Fewer Banks, Bigger Bids, and What’s Next

Participation in Ethiopia’s open market operation (OMO), the central money market auction introduced by the National Bank of Ethiopia (NBE) in July, has steadily decreased, despite initial enthusiasm from financial institutions. While the ratio of participation grew initially, engagement has since slowed down, highlighting concerns over the effectiveness of the instrument in maintaining liquidity within

September 9, 2024 • By Addis Insight

Health

Dr. Mesfin Honored for 15 Years of Dedication to Spine Research and Surgery

Dr. Mesfin, an esteemed orthopedic surgeon and researcher, has been recognized for his 15 years of dedicated service to the North American Spine Society (NASS). During his tenure, Dr. Mesfin has earned two best paper nominations, served as a reviewer for the Annual Meeting abstracts, and contributed to several NASS committees, including the Section on

September 9, 2024 • By Addis Insight

Business

Rising Costs and Festive Spirits: The Impact of Ethiopia’s New FX Regime

The Ethiopian New Year is a time for family gatherings, new clothes, and fresh starts. Yet this year, the festive mood is marred by financial stress. As families shop for the holiday, they are finding that their birr doesn’t stretch as far, making essentials like food and gifts more expensive. The new market-based foreign exchange

September 8, 2024 • By Addis Insight

Business

Korean Government Commits $2 Billion Financing for Ethiopian Projects

Addis Ababa, Ethiopia – The Korean government has agreed to provide $2 billion in financing for eight key development projects in Ethiopia over the next two years. This funding will be facilitated through Korea’s Economic Development Cooperation Fund (EDCF) via its executive agency, EXIM Bank. The announcement comes after the Ethiopian government, on May 21,

September 8, 2024 • By Addis Insight

Politics

U.S. Extends Sanctions on Ethiopia, Keeping AGOA Trade Privileges Suspended

On Friday, the White House released a statement confirming the continuation of the National Emergency in Ethiopia. The U.S. government remains focused on the ongoing conflict in northern Ethiopia, emphasizing that the situation continues to pose a threat to regional stability and U.S. foreign policy interests. The White House statement highlighted the gravity of the

September 7, 2024 • By Addis Insight

Business

Ethiopia’s Upcoming Salary Increase Set to Launch on September 11

A letter from the Ministry of Finance confirms that one of the key promises of the government’s macroeconomic reform—a wage increase—will take effect on September 11, 2024. Over the past few hours, an image of a letter purportedly from the Ministry of Finance, along with a calculation showing the new salary scale, has been widely

September 6, 2024 • By Addis Insight

Business

Ethiopian Development Bank President Dr. Yohannes Ayalew Submits Resignation

Dr. Yohannes Ayalew, who has served as the president of the Ethiopian Development Bank (DBE) for the past four years, has officially submitted his resignation, according to media reports. His departure marks the end of a tenure during which he introduced several reforms aimed at improving the bank’s operations. However, the bank has also faced

September 6, 2024 • By Addis Insight