Bunna Bank strikes partnership with Thunes for cross-border payments

Bunna Bank strikes partnership with Thunes for cross-border payments

Bunna Bank Share Company, among the most profitable banks in Ethiopia, has partnered with Thunes, a Singapore-based global payments network, to facilitate the faster and cheaper remittance of money into Ethiopia from around the world. The agreement provides Bunna bank customers with easy access to remittances from around the world and provides reliable and efficient…

Ethiopian receives IATA’s Certificate of Excellence in logistics

Ethiopian receives IATA’s Certificate of Excellence in logistics

Ethiopian Airlines, the largest aviation group in Africa, announced that it has received IATA’s Center of Excellence for Independent Validators in Pharmaceutical Logistics (CEIV Pharma) certification as an airline and ground handling in December 2021. Ethiopian Airlines is the first airline in Africa to receive the CEIV pharma certification. Achieving this great milestone will further…

Ethiopian Reinsurance posts gross profit of 220 mln Birr

Ethiopian Reinsurance posts gross profit of 220 mln Birr

Ethiopian Reinsurance Share Company (Ethiopian Re) said Thursday that it has registered a gross profit of 220 million Birr in the concluded fiscal year on June 30, 2021. The registered profit is higher than previous year’s performance by 34 million Birr, said Hailemariam Assefa, Chairperson of the Board of Directors at Ethiopian Reinsurance Share Company…

Ethiopian Airlines became fourth-largest global airline for its destinations

Ethiopian Airlines became fourth-largest global airline for its destinations

Ethiopian Airlines, Africa’s leading airline, has achieved the fourth rank in terms of the largest number of countries served. The rank has been given according to their number of destinations before the Covid-19 pandemic disrupted the aviation industry. Ethiopian has expanded its network across 81 countries, celebrating 75 years of excellent services in 2021. The…

Nyala Insurance launches Diaspora Special product

Nyala Insurance launches Diaspora Special product

In a view to provide insurance covers to Ethiopian nationals and Ethiopian descent diaspora, who are permanently residing outside of the country, Nyala Insurance S.C. (NISCO) announced that it has launched a new insurance product dubbed “Diaspora Special Assistance”. The new product which is to be realized in collaboration with the world’s largest reinsurance groups…

Ethio Telecom discounts 51% service rate for homecoming diaspora

Ethio Telecom discounts 51% service rate for homecoming diaspora

Ethiopia Telecom announced that it has discounted a 51% rate on its services for the home coming Ethiopian diaspora. Preparatory activities to welcome the diaspora are in progress. Hotels and transport service providers are working in a special manner to host the Diaspora, including 30 percent discount for them. Prime Minister Abiy Ahmed (PhD) invited…

Purpose Black receives 400 hectare of land as it launches franchise model

Purpose Black receives 400 hectare of land as it launches franchise model

Purpose Black ETH Training, an institution that mainly intends to solve economic problems of the black people, has launched a unique franchise concept dubbed “Qeleb Kegeberew Shareholder Franchise”. As part of the new scheme, the company has received 400 hectare of land at Arba Minch town from Gamo Gofa Zone that will be used to…