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Ethiopia blocks 75 million airlines funds
Spread the NewsBy Kaleyesus Bekele from Doha, Qatar The International Air Transport Association (IATA) revealed that the Ethiopian government has blocked 75 million USD international airlines funds. This was disclosed at the IATA annual general assembly that is being held in Doha, Qatar. International airlines operating to Addis Ababa sell their air tickets in Ethiopia…

Safaricom Ethiopia PLC partners with Ethiopian Electric Utility for aerial fibre cabling
Spread the NewsSafaricom Telecommunications Ethiopia PLC and Ethiopian Electric Utility (EEU) have signed a three-year lease agreement to enable aerial fibre installation through the existing poles infrastructure in Addis Abeba and across the country. As Safaricom continues to build a new network in Ethiopia, investments in infrastructure and strategic partnerships are being prioritized to ensure…

FAO opens Africa Regional Conference during hunger crisis
Spread the News The Food and Agriculture Organization of the United Nations (FAO) opened the 32nd Session of the Regional Conference for Africa on Wednesday, 13 April 2022. The first day of the conference officially kicks off on Thursday, 14 April in Equatorial Guinea’s capital Malabo. Here, the spotlight will be placed on the FAO Strategic…

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…

Nyala Insurance amasses gross profit of 194.3 mln Birr
Spread the NewsNyala Insurance S.C. reported that it has amassed a gross profit of 194.3 million Birr in the concluded fiscal year in June 2021. Nyala Insurance conducted its 27th regular and 20th extraordinary general meeting on Thursday at Sheraton Addis Hotel. During the meeting, Getachew Birbo, Chairperson of the Board Directors said: “The profit…

Nib Bank, Insurance, private firm sign insurance premium financing agreement
Spread the NewsIn pursuit of their strategic aspiration to expand customer base and boost growth, Nib Insurance Share Company and its sister company Nib International Bank signed a tripartite agreement with Gasha Commission Agent PLC to launch a premium financing scheme for code 1 and 3 public transport service provider vehicle owners. The agreement aims…