ABOUT ETHIOPIA
The official map and flag (publishable photos in high resolution format)
BASIC GEOPOLITICAL INFORMATION
Ethiopia stands as one of the oldest nations in the world, with its territorial boundaries having shifted throughout its extensive history. The capital city, Addis Ababa, meaning “New Flower,” is often referred to as “the capital of Africa” due to its significant historical, diplomatic, and political role on the continent. Additionally, Ethiopian Airlines is recognized as “Africa’s Link to the World.”
Ethiopia, officially known as the Federal Democratic Republic of Ethiopia, is situated in the Horn of Africa, which is part of East Africa. The country is bordered by Eritrea to the north, Djibouti to the northeast, Somalia to the east, Kenya to the south, South Sudan to the west, and Sudan to the northwest. It encompasses a total land area of 1,104,300 square kilometers.
Ethiopia named as the “water tower of Africa” due to its significant hydropower potential from its rivers, stemming from its mountainous terrain and abundant water resources. This potential could meet the energy needs of nearly all of sub-Saharan Africa. As the source of the Blue Nile, the continent’s longest river, Ethiopia is working to become Africa’s energy hub by developing its water resources through dams, reservoirs, and hydropower facilities, including the nearly completed Grand Ethiopian Renaissance Dam, which will be Africa’s largest hydroelectric dam.
Ethiopia stands out as a nation that has never experienced colonization and was one of the earliest independent countries to endorse the Charter of the United Nations. It played a significant role in providing both moral and material assistance for the decolonization of Africa and the advancement of Pan-African collaboration. These initiatives ultimately led to the formation of the Organization of African Unity, now known as the African Union since 2002, as well as the United Nations Economic Commission for Africa. Both organizations are headquartered in Addis Ababa, thereby designating Ethiopia as the capital city of Africa.
The country boasts a wealth of archaeological discoveries and historical architecture, contributing to its rich cultural heritage. Consequently, Ethiopia is esteemed as the birthplace of both humanity and civilization. Ethiopia is esteemed as the origin of coffee, where the initial coffee cherries flourished in their natural habitat and the coffee plant first emerged. This nation is recognized as the geographic cradle of Arabica coffee, the primary species responsible for 60% of the world’s coffee output. The significance of coffee is deeply embedded in Ethiopia’s historical, cultural, and economic fabric. The practice of coffee cultivation in Ethiopia has a history that spans more than a millennium.
With an estimated population of approximately 129 million in 2024, Ethiopia ranks as the second most populous country in Africa, following Nigeria, and is noted for having the fastest-growing economy in the region.
Ethiopia has experienced some of the highest GDP growth rates globally in recent years and has made significant advancements in the fields of health and education. The country aims to attain lower-middle-income status by the year 2025.
Basic guide/information for visitors to the country (weather, electrical plug types, dressing, security, medical assistance, currency, etc)
Ethiopia has established itself as a leading African nation in the organization of international conferences. The capital city, Addis Ababa, recognized as the third most significant diplomatic city globally, serves as the headquarters for the African Union and the UN Economic Commission for Africa, both of which facilitate numerous conferences annually. Delegates attending the AIO will have the opportunity to experience the renowned Ethiopian hospitality during their visit to Addis Ababa, often referred to as the “thirteen months of sunshine.”
Addis Ababa weather in May 2025
The climate in Addis Ababa during May is generally pleasant, with temperatures ranging from a low of 13°C to a high of 24°C. Delegates should anticipate approximately 3 to 8 days of rainfall throughout the month. It is advisable to carry an umbrella to avoid being caught in inclement weather. Additionally, we strongly encourage delegates to check the 14-day weather forecast for Addis Ababa prior to their arrival. Overall, Ethiopia’s climate varies significantly across its diverse geographical regions. The central plateau experiences a temperate climate with slight seasonal temperature fluctuations. The average minimum temperature during the coldest season is 5.5°C (42°F), while the average maximum temperature seldom exceeds 26°C (79°F).
Electric plug types and voltage converter
Delegates traveling to Ethiopia for the AIO conference should acquire a travel adapter to facilitate a comfortable stay. The electrical outlets in Ethiopia are of type C and F, with a voltage of 220V and a frequency of 50Hz. Therefore, it is essential to have both a travel adapter and a converter for any electrical devices.
Dressing code and Packing for the Weather in Ethiopia
When visiting Ethiopia, it is recommended to bring lightweight and comfortable clothing, as the weather can vary significantly with the seasons. In May, travelers may encounter a blend of weather conditions that necessitate a versatile wardrobe.
An essential aspect of Ethiopian culture is the expectation for individuals, including foreign visitors, to adhere to specific dress standards. While the dress code is not as strict as in some other nations, it is customary to cover both shoulders and knees. Western attire, including suits, is generally acceptable. Fabrics such as cotton, linen, and bamboo are ideal for maintaining comfort in warmer temperatures. Although May tends to be relatively dry, occasional rain may occur, making it prudent to pack a waterproof jacket and appropriate footwear.
Security in Addis Ababa
The overall security situation in Addis Ababa is considered to be relatively safe and stable. The crime rate is categorized as low to moderate, largely due to the presence of over 120 international missions and embassies, which establish the city as a centre for international diplomatic activities in Africa. Additionally, the headquarters of the African Union and the United Nations Economic Commission for Africa (UNECA) are located within the city. Nevertheless, it is recommended that delegates remain vigilant and closely supervise their personal belongings to ensure a secure visit.
Medical Assistance
As the capital of Ethiopia, Addis Ababa is equipped with sufficient health facilities and medical service providers, both private and government-owned, to cater to delegates. The majority of these health facilities are conveniently located near major hotels and in the city center, ensuring accessible services for the delegates.
Currency
The Ethiopian Birr, identified by the official code ETB, is the currency of Ethiopia. Delegates must exchange their currencies for Ethiopian Birr before making purchases in shops and dining establishments. However, it is also permissible for delegates to use USD, GBP, or other prominent currencies at hotels. Currency exchange services are conveniently located at Bole International Airport, hotels, banks, and Forex exchange desks.
For travellers and tourists, it is recommended to maintain various payment options and ensure access to cash. Using a travel debit card in Ethiopia is typically a cost-effective, safe, and convenient choice. ATMs dispense limited amounts of local currency. In Addis Ababa, credit cards are accepted at major hotels, restaurants, and larger retail outlets. It is prudent to have multiple methods for accessing funds.
The sociocultural/touristic aspects of Ethiopia with pictures (at least 15 pictures of high resolution quality)
Welcome to Ethiopia, the Land of Origins
Ethiopia extends an invitation to explore its rich heritage and understand why it is regarded as the cradle of civilization. As you journey through this remarkable country, you will reconnect with your own roots, for it is indeed a Land of Origins.
Ethiopia adheres to a unique ancient calendar that lags seven years behind the Gregorian system and comprises thirteen months. This distinctive feature is the reason Ethiopia proudly refers to itself as the “Land with 13 Months of Sunshine.” Additionally, Ethiopia boasts its own alphabet, one of the oldest in existence. The Ethiopic script consists of 26 letters, all of which denote consonants. These letters can be transformed into syllabic forms by adding the appropriate vocalic markers.
Welcome to Addis Ababa: the capital city of Africa and the hub of the world!
Located on a well-watered plateau surrounded by hills and mountains, in the geographic center of the country, Addis Ababa is one of the booming and fast-growing capital cities in Africa. Addis Ababa The city which nestled under the Entoto Mountains is the world’s third-highest capital city and has both an African and international feel. Called to be the diplomatic capital of Africa, Addis Ababa has served as the headquarters of the Organization of African Unity (now African Union) since its inception in 1963.
Harrar the living museum
This sacred, historic and fenced town is an enthralling web of slender alleys. Established in the early 16th century, it’s the most ancient Islamic town in Africa and one of the best tourist attractions in Ethiopia. It was one time the commercial connection between Africa and the Middle East and now is a captivating lost-in-time town that’s renowned for the attractive fences and centuries-old edifices. There are nearly 99 mosques within the town. With its 368 alleyways squeezed into just 1 sq.km., Harar is believed to be the fourth holiest city after Mecca, Medina, and Jerusalem. Harar Jugol was inscribed as a UNESCO, World Heritage Site in 2006. Awarded the UNESCO Cities for Peace Prize in 2002, Harar is a delightful and welcoming city to explore on foot, its winding labyrinth of alleys leading to busy market places where colorfully-draped local women sell deliciously juicy tropical fruits, pastel-painted cafes brewing coffee plucked from the surrounding hills, and craftspeople such as cotton traditions weavers, jewelers, and bookbinders.
Unity Park
The Unity Park, a newly refurbished park at the Grand Palace, covering about 20 acres of land, is suitable for a cosmopolitan traveler with a fantastic mix of old Ethiopia with the new, impartially dealing with the history of the rulers of Ethiopia of the last 200 years. The park puts the recent history of Ethiopia briefly and simply and is supported by interactive multimedia featuring more than 1000 display items, 6 attractions: the historical buildings, indigenous plants exhibition, indigenous black mane lion zoo, a green area, and the nine regions pavilion and a zoo.
The Science Museum
Ethiopia Science Museum a National Science Museum located in the heart of Addis Ababa. This initiative is part of a series of efforts to provide the Ethiopian public as well as international visitors a view of history, cultural heritage, and natural heritage as well as showcasing science promoting a new era whereby people will experience and envision a hopeful future for all.
National Museum of Ethiopia
The National Museum of Ethiopia (NME), also referred to as the Ethiopian National Museum, is a national museum in Ethiopia. It is located in the capital, Addis Ababa.
The museum houses Ethiopia’s artistic treasures. It contains many precious local archaeological finds such as the fossilized remains of early hominids, the most famous of which is “Lucy,” the partial skeleton of a specimen of Australopithecus afarensis. Recently added to the basement gallery is a display on Selam, found between 2000 and 2004. This archaic fossil is estimated to date to 3.3 million years ago.
Rift Valley Lakes
One of the most wonderful tourist attractions in Ethiopia, The Rift Valley extends from the Red Sea to Mozambique. It’s a magnificent patch of real estate and millions of years from today the cracking procedure, that is continuing, will totally divide the African continent in two. It’s one of the small numbers of geographic elements that’s noticeable from outer space! It’s a marvelous road to make a journey overland, leading southeast from Addis Ababa, through Mojo, Lake Ziway, Awahs National Park, and further on. There are a full of five lakes along the road, each with their own distinctive view and feel.
Simien Mountains
The Simien Mountain range is a nominated UNESCO World Heritage Site and a wonderful tourist attraction which is accordingly familiar as God’s playfield. A trek along the slope offers one of the most extraordinary panoramas in the country. You’re also assured to run into a crowd of the Gelada bleeding heart baboons. Inside the Simien National park is a broad diversity of wildlife like the Walia ibex, a goat seen nowhere else on Earth.
Aksum
It is a place soaked in legends. Thought to have been the abode of the Queen of Sheba and the ultimate resting spot of the Ark of the Covenant, this is one of the most ancient towns in total Africa. Find over the fences of the St Mary of Zion Church Complex where the Ark is probably kept and go to the Northern Stelea Field to find the old Aksumite Obelisks. In spite of the magnificent history in this place, because it’s a tiny city, Aksum is frequently overlooked by travelers. Relish locating the remains throughout the town, travel mountaintop monasteries, and visit below ground to see Aksumite empire graves. Don’t miss Mai Shum, a big rock carved water body that native tribes think the Queen of Sheba utilized as her bath.
Gondar
The 18th century of Ethiopia was Gondar, where then Emperor Fasiladas established his legendary fortresses. This UNESCO World Heritage Site is today a beautiful museum compound and a wonderful tourist attractions in Ethiopia that exhibits the final centuries of the country’s kings. Sitting in a bowl of hills, the Camelot of Africa is a wonderful view. The prosperity and magnificence of this old epicenter can still be found in the present day town. In spite of its size, Gondar is unusually walkable – begin from the Italian piazza in the town center and take a walk through tin-covered stone edifices. Wonderful shopping, eateries, and hotels are all accessible in this place. In adjacent Gorgora you’ll see a little but magnificent Christian monastery.
The Omo Valley
This is a magnificently distinctive view into the tribal community of Ethiopia. Alike the Maasai in Kenya, the villages in the Lower Omo Valley hasn’t been affected by the outer world. In this place, you’ll interconnect with people whose tradition is completely dissimilar from your own. Go to Daasanach village, try not to gaze at the Mursi’s incredible lip-plates, or see the leaping of the bull’s ceremony with the Hammer. The area itself is a beautiful open grassy plain leading up to jungles in the hills. And if you’re fascinated, you can also attempt an African safari while you’re in this place
The Blue Nile falls
The Nile River is the lengthiest in Africa and its two headwaters are the White Nile and the Blue Nile. The Blue Nile starts in Ethiopia and along its route you’ll see the Blue Nile Falls – a site to opponent Niagara. Nearly 90 minutes from Bahar Dar the surroundings in this place is really stunning. Locally familiar as Tis Abbay, or ‘great smoke,’ the falls are nearly 45 meters elevated during the rainy season. Right downstream from the falls you’ll see Ethiopia’s early stone bridge, established in the 17th century.
Babile Elephant Sanctuary
Just nearly 1,000 elephants survive in Ethiopia, and undoubtedly the biggest and most noticeable group resides in the Babile Elephant Sanctuary. A little drive from Harar, Babile is also abode to gazelles, lions, leopards, cheetahs, and plenty of guest birds. The scenerty changes smoothly from rocky formaitons to beautiful tree spotted sceneries. Nearly 400 elephants reside in this place and you’ll truly like the strolling safaris that run every day.
Lalibela
This place virtually knocks the mind of everybody who travels. This medieval accommodation was planned to be a type of second Jerusalem and present-day citizens feel proud of this significance. Lalibela is nestled in the center of a wide church compound made full of rock. There are 11 churches in the accommodation, huge and magnificent, all established by King Lalibela as early as the 12th century. Exceptional because of the architectural outline, the churches are basically excavated into the ground. The most renowned, and most charming, is St George’s Cathedral, a breathtaking sight. If you’re so willing, there are some monasteries in the adjacent region that are worth traveling.
Danakil Depression
Located on the frontier between Ethiopia and Eritrea is the Danakil Depression. It’s formally one of the aridest and warmest spots on Earth. With temperatures that frequently pass 50+ degrees, it’s effortless to find why. This is a surreal slice of land that’s scattered with active volcanoes, salted basins, warm springs, and a lava lake – all of which merge to form very moon-like scenery. Lying below sea level, it’s the lowest spot in Africa and second on earth (after the Dead Sea). Do a little bit of groundwork before you visit as the climate can be severe if you aren’t ready. But the charm and enigma of this location make any arrangement well worth it.
Nechisar National Park
One of the biggest tourist attractions in Ethiopia, this national park is located in southwest of the country. Its mixed land extends over slopes, wetlands, and jungle. Zebras and gazelles wander the huge grassy land of the Nechisar Plains. The big, brown-red Lake Abaya lies on the north side of the hilly “Bridge of God” passage. To the south is Lake Chamo, familiar for its large Nile crocodiles. The park is the abode to plenty of birds, incorporating the endangered Nechisar nightjar.
Bale Mountains
The Bale Mountains are a portion of the Ethiopian Highlands. They incorporate Tullu Demtu, the second-elevated mountain in Ethiopia, and Mount Batu. The Weyib River, a headwater of the Jubba River, mounts in these mountains east of Goba. The Bale Mountains National Park spreads over 2,200 square kilometers of these mountains. The main draws of the park are the wild alpine landscape and the comparative ease with which tourists can find distinctive birds and mammals. The Bale Mountains are the abode to plenty of Ethiopia’s endangered animals, particularly the Ethiopian wolf, seen on the Sanetti Plateau. The park also holds the Harenna Forest, located to the south of the mountains, which is a mostly unexplored region thought to hold plenty of undetected types of reptile as well as lions, leopards and different kinds of antelope. The biggest group of Ethiopian wolves is seen in this spot. Other typical big mammals are mountain nyalas, Menelik’s bushbucks, warthogs, and bohor reedbucks
Unity Park
The construction of Unity Park was initiated by Prime Minister Abiy Ahmed (Dr.) in 2018 and officially inaugurated and opened to the public on October 10/ 2019. Unity Park is located in the premises of the Grand Palace and it is composed of various historical, natural, and cultural sites. The Grand Palace, where Unity Park is located, was established in 1887 and the palace served as the living and working space of seven Ethiopian leaders. The palace covers an area of 40 hectares and contains myriads of historical buildings and plants that date back to the time of Emperor Menelik II.
Flora and fauna
Ethiopia’s rich biodiversity stems from its tropical location and varied altitudes, ranging from 4,533 meters to 116 meters below sea level. The country boasts a high level of endemism, with over 140 vertebrate species unique to its territory, including more than 40 mammals and 18 birds. Its diverse ecosystems feature the world’s largest Afro-alpine moorland, along with forests, savannahs, deserts, and agricultural lands. Ethiopia is home to a wide range of Afro-tropical fauna, including endemic species like the Ethiopian wolf, gelada baboon, and Prince Ruspoli’s turaco. The flora includes over 1,000 woody plant species, with 125 endemic, and 736 grass species. Ethiopia also has one of Africa’s most diverse faunas, with connections to the Palaearctic region, notably in the Bale Mountains, which host sub-Saharan breeding populations of Palaearctic birds like the golden eagle and ruddy shelduck.
Nightlife in Addis!
Addis Ababa caters to a wide array of preferences, featuring contemporary pubs and clubs alongside traditional music venues and late-night cafes, appealing to international travelers prior to their departure.
Renowned for its deep historical roots and cultural richness, Addis Ababa also boasts a lively and varied nightlife. The city presents an array of entertainment options, from bustling bars and nightclubs to cultural showcases and late-night dining experiences, establishing itself as a top destination for nightlife aficionados in Africa. The music scene in Addis Ababa is particularly vibrant, with live performances encompassing traditional Ethiopian music, jazz, reggae, and contemporary styles available at numerous establishments. Visitors can immerse themselves in Ethiopia’s cultural heritage through captivating rhythms, emotive vocals, and energetic dance performances. A journey into Ethiopian Jazz promises a soul-stirring and unforgettable experience that should not be overlooked while in Addis Ababa.
An overview of the Ethiopian insurance sector
The concept of insurance is not a novel idea in Ethiopia; rather, it is deeply embedded in the cultural traditions of the people. The traditional practices of “Iqub” and “Idir” have existed for centuries and continue to be integral to the financial landscape of Ethiopia. These practices reflect the communal values and social fabric of Ethiopian society, where individuals come together to support one another in times of need.
The modern insurance transaction is believed to have originated in Ethiopia in 1905, initiated by a foreign institution known as The Egyptian Bank. This marked a significant development in the financial landscape of the country, as it introduced structured risk management practices to a society that had previously relied on informal methods of protection against loss.
As of December 2024, the Ethiopian insurance market is characterized by a diverse array of 18 insurance companies, which includes one state-owned entity. Composite insurance is allowed within Ethiopia. This sector is primarily composed of 14 (Fourteen) composite insurance firms that provide a wide range of services, engaging in both long-term insurance, which typically covers life and health policies, and general insurance, which encompasses non-life products such as property and casualty insurance. In addition to these composite firms, there are 4(four) general insurance companies that focus exclusively on non-life or short-term insurance offerings, catering to the immediate and varied needs of consumers and businesses alike. In a significant development towards inclusivity and diversification of insurance products, five insurance companies have been authorized to offer non-conventional, Sharia-compliant insurance products, known as takaful, operating as “window operators.”
In terms of reinsurance, the Ethiopian market is supported by Ethio-Re, a locally established reinsurance firm that plays a crucial role as a domestic reinsurer. The Ethiopian insurance market also hosts two prominent international reinsurance firms, Africa-Re and PTA-Re (ZEP-RE), both of which maintain local offices in Ethiopia.
The insurance landscape is further enriched by a network of professionals, including 2,894 insurance agents who serve as intermediaries between the insurance companies and the policyholders, 62 insurance brokers who facilitate the purchase of insurance on behalf of clients, 117 loss assessors who evaluate claims, and three surveyors who provide expert assessments of risks and damages.
The written premium for the insurance industry for the period concluded in June 2024 reached an impressive total of Birr 28.4 billion. This figure reflects the total amount of premiums that insurance companies have collected from policyholders during this timeframe, indicating a robust demand for insurance products and services within the market.
In addition to the written premium, the financial health of the insurance sector is further illustrated by the total assets and total capital held by these companies. The total assets have grown to an impressive Birr 65.8 billion, showcasing the substantial resources and investments that insurance companies have accumulated. This figure is indicative of the industry’s capacity to meet its obligations and support its operations effectively.
Moreover, the total capital of the insurance companies has reached Birr 22.4 billion. This capital serves as a critical buffer for the companies, providing them with the necessary financial strength to absorb potential losses and ensure stability in their operations. The combination of these financial metrics—written premiums, total assets, and total capital—paints a picture of a thriving insurance industry that is well-positioned for future growth and capable of providing security and peace of mind to its policyholders.
In Ethiopia, the insurance industry plays a crucial role within the broader financial sector and the national economy. Its contribution to the country’s macroeconomic stability and growth aspirations is significant. Currently, insurance penetration is at 0.5%, yet data indicates substantial potential for expansion within the insurance market in Ethiopia. The increasing demand for various types of insurance, including vehicle, property, and health coverage, is propelling the revenues of local insurance firms. Additionally, factors such as rising life expectancy, tax benefits related to insurance products, and attractive savings options linked to insurance are further motivating consumers across different insurance categories.
The Ethiopian insurance sector is regulated by the National Bank of Ethiopia (NBE). By the year 2025, there will be a focus on creating independent governance and a specialized supervisory authority to ensure effective oversight and to promote a conducive regulatory framework.
The profile of the in-coming AIO President.
Yared Mola boasts an impressive career spanning over 35 years, during which he has cultivated a wealth of expertise in risk management, insurance, and leadership. His current roles as the president of the Association of Ethiopian Insurers (AEI) and the CEO of Nyala Insurance S.C. highlight his significant influence in the Ethiopian insurance landscape. Under his stewardship, Nyala Insurance has experienced remarkable growth and transformation over the past 12 years, establishing itself as a leader in the industry and earning the distinction of being the most profitable private insurance firm in Ethiopia.
Before joining Nyala Insurance, Yared honed his skills and knowledge at the Ethiopian Insurance Corporation, where he made substantial contributions to the organization. His outstanding performance and innovative approach to insurance management did not go unnoticed; he was honored with the prestigious ‘CEO of the Year’ award from the African Insurance Organization (AIO). This accolade is a testament to his exceptional leadership abilities and his significant impact on the insurance sector, both in Ethiopia and across the continent.
In addition to his professional achievements, Yared is a devoted family man. He is married and a proud father of four children, balancing his demanding career with his commitment to his family. Yared’s academic credentials further complement his professional experience; he holds a Bachelor of Arts degree in Management from Addis Ababa University, which laid the foundation for his career, and a Master of Business Administration from the University of Greenwich in the United Kingdom, equipping him with advanced knowledge and skills in business management.
Yared Mola’s extensive experience, proven leadership, and dedication to the insurance industry position him as a key figure in shaping the future of insurance in Ethiopia and beyond. His contributions continue to inspire others in the field, and his commitment to excellence remains unwavering.
