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Top Addis Insight News

Somalia Gives Elon Musk’s Starlink Permit to Operate in Country
Elon Musk · Somalia

Somalia Gives Elon Musk’s Starlink Permit to Operate in Country

45% Center coverage: 9 sources
SpaceX's Starlink satellite system is now available in Somalia, owner Elon Musk wrote on social media platform X on Sunday, while a Somalia government official confirmed the company has been given a licence to operate in the country.See the Story
GERD Is Generating 1,601.7 MW — Why Abbas Sharaqi’s Claims Don’t Hold Water - Addis Insight
Ethiopia · Ethiopia

GERD Is Generating 1,601.7 MW — Why Abbas Sharaqi’s Claims Don’t Hold Water - Addis Insight

Addis InsightRead Article
Ethiopian PM names Tigray ex-leader as advisor on East Africa
Unrest · Tigray

Ethiopian PM names Tigray ex-leader as advisor on East Africa

Coverage: 2 sources
According to the statement, Reda’s new duties will take effect upon his appointment. Following the signing of the Pretoria Peace Agreement in November 2022 that ended the conflict between the Ethiopian Government and the Tigray People’s Liberation Front (TPLF), Reda assumed leadership of the interim administration for two years. He recently completed his term and was replaced by Taddese Worede at a handover ceremony held on Tuesday in the presen…See the Story

Maritime Transport and Logistics Annual Revenue Reaches 48 Billion Birr - Addis Insight

The Ethiopian Maritime Transport and Logistics Authority has announced a significant increase in its annual revenue, rising from 17 billion birr to 48 billion birr, attributed to reforms implemented in recent years.CEO Dr. Beriso Amelo recalled that prior to the recent wave of national reforms, the maritime and logistics sector faced serious challenges due to the lack of adequate policy support.He emphasized that the development and implementati…Antananarivo · AntananarivoSee the Story

Bank of Abyssinia Disburses USD 350 Million in Foreign Exchange to Support Imports - Addis Insight

The Bank of Abyssinia has reported disbursing nearly USD 350 million in foreign exchange during the current fiscal year. This disbursement is part of the bank’s strategy to ease the foreign exchange (forex) shortage that has been impacting Ethiopia’s economy, especially in relation to trade and the import sector. The allocation aims to provide support to businesses that rely on foreign currency to import essential goods, helping to address the c…Ethiopia · EthiopiaRead Article

Boeing Reaches Settlement to Avoid Civil Trial Over 2019 Ethiopian Airlines Crash - Addis Insight

On March 10, 2019, Ethiopian Airlines Flight 302, a Boeing 737 MAX aircraft, crashed shortly after takeoff from Addis Ababa Bole International Airport en route to Nairobi Jomo Kenyatta International Airport. All 157 passengers and crew onboard perished, marking the deadliest aviation disaster in Ethiopian history. Among the victims were American citizens Antoine Lewis and Darcy Belengar.The crash came just months after a similar incident involvi…Boeing 737 · EthiopiaRead Article

Ethiopia Introduces ‘Ethio-Aid’ Fund Following USAID Suspension - Addis Insight

Addis Ababa, Megabit 30, 2017 EC (April 8, 2025) — The Ethiopian government has announced the creation of a new initiative called ‘Ethio-Aid’, a national disaster response mechanism intended to address emergencies using domestically mobilized resources. The announcement comes in the context of reduced international aid, particularly following the suspension of assistance from the United States Agency for International Development (USAID).The Eth…USAID · EthiopiaRead Article

ETBC, Soy Afric Ltd., and Kazana Group Sign Landmark MoU to Transform Ethiopia’s Food Processing Sector - Addis Insight

Addis Ababa, Ethiopia | April 4 2025— In a bold and strategic move to revitalize Ethiopia’s agricultural and agro-processing sector, Ethiopian Trading and Business Corporation (ETBC), Soy Afric, and Kazana Group have signed a Memorandum of Understanding (MoU) to collaboratively enhance soybean production, processing, and export. The agreement marks a strong commitment among the three entities to work toward a shared goal: strengthening the count…Addis Ababa · Addis AbabaRead Article

NAHCON responds as Saudi Arabia suspends Hajj visas for Nigeria

44% Right coverage: 16 sources
The Kingdom of Saudi Arabia has suspended the issuance of Hajj visas to Nigeria and 13 other countries ahead of the 2025 pilgrimage season. The decision, which comes just months before the annual Hajj, has left thousands of intending pilgrims in uncertainty, particularly in Nigeria—one of the countries with the highest number of annual pilgrims to Makkah and Madinah. Though Riyadh has not issued an official explanation, sources familiar with dip…Immigration · Saudi ArabiaSee the Story

Ethiopia gets more time to repay debt but avoids any write-down

Ethiopia’s official creditors have agreed to a draft debt restructuring plan, offering the nation more time for repayments. This deal, however, will not include an outright reduction of the principal debt.  The agreement, expected to be finalized within months, aims to provide approximately $2.5 billion in debt service relief.  This relief will be implemented throughout Ethiopia’s current International Monetary Fund (IMF) program, which conclude…Ethiopia · EthiopiaSee the Story

Nigeria: U.S. Tariff Threatens Forex Market As CBN Boosts Liquidity With $197.71 Million

60% Left coverage: 5 sources
The global trade war is threatening naira stability following the depreciation of the currency at the close of last week.Donald Trump · NigeriaSee the Story

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