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Hibret Bank reports 1.44 bln Birr profit in 2020/2021 fiscal year
Spread the NewsHibret Bank has reported a profit of 1.44 billion Birr before tax in the concluded fiscal year of 2020/2021. The profit has increased by 309.49 million or by 27.4 percent from that of the previous fiscal year performance, according to Hibret’s annual report. With regard to assets, the Bank’s asset has increased by…

African nations call for transformation of air transport, tourism sectors
Spread the NewsThe Economic Commission for Africa (ECA), in collaboration with Google Africa and Africa 24, held the fifth Africa Business Forum on the margins of the thirty-fifth ordinary session of the African Union Assembly of Heads of State and Government. Delegates from the public and private sectors met in person and virtually to discuss…

Ethiopian Airlines to commence Cargo flights to Dire Dawa, Jigjiga
Spread the NewsEthiopian Cargo and Logistics Services, the largest cargo service provider in Africa, is poised to commence domestic cargo flights to Dire Dawa and Jigjiga cities. The thrice-weekly cargo flights from its main hub in Addis Ababa to east Ethiopian cities will start as of August 30, Ethiopian announced on Tuesday. The announcement comes…

Ethiopian Airlines conducts B737 MAX demo flight
Spread the NewsEthiopian Airlines, Africa’s largest and the leading Aviation Group has returned its B737 MAX back to the skies on Tuesday in a non-stop flight of 4:30 hour in different parts of Ethiopia. The flight was initially planned to take place to Mount Kilimanjaro in Tanzania from Addis Abeba. However, that flight to Tanzania…
Mesfin Tasew elected by IATA board
Spread the News By Kaleyesus Bekele from Doha, Qatar The CEO of Ethiopian Airlines Group, Mesfin Tasew, elected member of the board of directors of the International Air Transport Association (IATA). Mesfin was elected at the IATA Annual General Meeting which kicked off today in Doha Qatar. Hosted by Qatar Airways, the 78th IATA Annual…

Ethiopia plans upgrades to meet 10M digital IDs target by 2023, draft law approved
Spread the NewsEthiopia’s National Identity Program (NIDP) says it is looking forward to upgrading its hardware infrastructure and software licenses to be able to meet its 2022/2023 fiscal year target of issuing more than 10 million digital IDs to citizens. The NIDP also announced the completion of the use-case pilot phase of the MOSIP-based project…