Business

Dr. Yohannes Ayalew Appointed CEO of Amhara Bank

Dr. Yohannes Ayalew has been appointed as the new CEO of Amhara Bank , effective September 13, 2024. This announcement came following his voluntary resignation from his previous role as the President of the Ethiopian Development Bank (DBE). Dr. Yohannes’ tenure at the Ethiopian Development Bank began on September 12, 2020. He succeeded Haileyesus Bekele,

September 13, 2024 • By Addis Insight

Business

Ethiopia’s Economic Crossroads: Navigating Reforms Amidst Financial Turmoil

By- Fahad Garba Aliyu Ethiopia has reached a critical juncture, closing its currency at a surprisingly pivotal moment, a decision rooted in decades of economic choices. Over the past twenty years, Ethiopia has financed its development primarily through heavily leveraged capital from international markets. While borrowing in itself is not inherently problematic, the issues arose

September 13, 2024 • By Addis Insight

Business

Ethiopia’s Banking Sector Reaches Trillion-Birr Milestone: A Financial Achievement in 2016

Ethiopia’s financial sector has remained robust by all standards over the last fiscal year, according to recent reports. A few months ago, the National Bank of Ethiopia (NBE) released its first Financial Sector Stability Report, highlighting the sector’s health. However, the report also noted the emergence of certain risks, stressing the need for vigilance and

September 12, 2024 • By Addis Insight

Sport

Ethiopian Olympic Leaders, Including Dr. Ashebir, Charged with Human Trafficking in Olympics Scandal

Ethiopian Olympic Committee Leaders, Including President Dr. Ashebir Woldegiorgis, Face Human Trafficking Allegations Four leaders of the Ethiopian Olympic Committee, including President Dr. Ashebir Woldegiorgis, have been charged with human trafficking and related offenses. The Ethiopian Olympic Committee itself is also among the defendants. The lawsuit, filed by athlete Haile Gebreslase, athlete Gezahgn Abera, the

September 12, 2024 • By Addis Insight

Politics

Dr. Debretsion Confirms TPLF-Eritrea Dubai Meetings

Discussion between TPLF and Eritrean Authorities Dr. Debretsion Gebremichael, Chairman of the Tigray People’s Liberation Front (TPLF), announced that leaders of the TPLF and Eritrea have held informal discussions. Speaking at a press conference in Mekelle last Tuesday, he revealed that the first meeting between the TPLF and Eritrean officials took place six months ago

September 11, 2024 • By Addis Insight

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