PEEVISH PRESCIENCE


PEEVISH PRESCIENCE

A striking void harrows in the streets of the Piazza area mirroring the empty former grounds of the Arada building. The area has a host of new projects, including the flagship Adwa Zero Km museum, which was slated for inauguration last month. Addis Abeba's aesthetic landscape has transformed significantly over the past few years as mega projects of astronomical proportions are availed. While Addis Tomorrow economic zone, which sits on 35hct around the Gotera area, has yet to break ground, the satellite city on the Yeka Mountains, closely guarded by the Prime Minister, has already transformed the area behind Shola Gebeya. A contrasting set of opinions on the changing skyline has been formed with some nostalgic for the capital's rustic look while others fawn for the metropolitan sleek looks.

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Radar

AMG Holdings Breaks Ground on Industrial Rail Link to Ethio-Djibouti Railway

AMG Holdings has launched construction on a 2.5-kilometer railway connecting its Sheger Industrial Park to the Ethio-Djibouti Railway's Endode Station. The Ethiopian-led project comprises 1.7 Kms of main track and 800 meters of side rail. Chief Project Manager Engineer Nigist Hailu said the line is expected to be completed within six months, facilitating the transport of raw materials and finished goods to Djibouti's port. More than 100 local workers have already joined the project, with addi...


Radar

Ethiopian Deposit Insurance Fund Achieves Full Q1 Collection Target

The Ethiopian Deposit Insurance Fund collected 2.08 billion Br in the first quarter of 2025. This meets 100 percent of the target and represents a 26.83 percent increase compared with the same period last year. The rise in premiums was attributed to higher deposits from member financial institutions. To date, the fund has collected a total of 15.93 billion Br in premiums from member institutions, with 14.51 billion Br coming from regular deposits and 1.42 billion Br from interest-free depo...


Radar

Oromia Bank, Ethiopian Airlines Introduce Fly Now, Pay Later via Milkii Digital App

Oromia Bank's Milkii Digital App, launched on May 3, 2025, has introduced a “Fly Now, Pay Later” service that lets customers book Ethiopian Airlines tickets using digital loans, with payments spread over six months after travel with 16.5 interest rate and allows customers to book flights upto 300,000 Br. Developed in collaboration with Ethiopian Airlines, the platform is part of a broader effort to expand digital finance and simplify access to services. The initiative seeks to enhance conven...