Ethiopian Adds Two Aircraft to Fleet

Nov 7 , 2020


[ssba-buttons]

The Ethiopian Airlines Group has added two brand new aircraft to its fleet. Along with the reception of the two A-350 aircraft with a new business class seating configuration of 1-2-1, the airline has also donated humanitarian medical equipment brought onboard the new aircraft to the Ministry of Health. The handover ceremony was held at the headquarters of the Ethiopian Cargo & Logistics Services. The Ethiopian Cargo & Logistics Services, the largest cargo network operator in Africa, also announced its readiness for the distribution of a potential COVID-19 vaccine across Africa and the rest of the world through its Ethiopian Pharma Wing last week. Ethiopian Airlines Group commands the lion’s share of the Pan-African passenger and cargo network and operates its fleet to 127 international passenger and cargo destinations across five continents. Ethiopian's fleet includes aircraft such as the Airbus A350, Boeing 787-8, Boeing 787-9, Boeing 777-300ER, Boeing 777-200LR, Boeing 777-200 Freighter, and Bombardier Q-400 double cabin with an average fleet age of five years.


Radar

Amendment Expands Access for Foreign Traders

Foreign participation in Ethiopia's wholesale, retail, import, and export trade sectors has come under renewed focus as the Ethiopian Investment Board(EIB) approved a significant amendment to Directive No. 1001/2016  in its meeting on May 23, 2025. The amendment, proposed by the Ethiopian Investment Commission(EIC), focuses on refining the legal framework governing foreign investment in these sectors. The decision is part of a broader strategy to enhance the country's appeal as an investment...


Radar

NBE Sets Four Percent Ceiling on Foreign Exchange Fees

The National Bank of Ethiopia (NBE) issued a new foreign exchange market directive on May 20, 2025, that caps commercial banks' forex service fees at a maximum of four percent. Banks are instructed to adapt competitive, transparent, and streamlined pricing for all forex-related services. Effective May 26, 2025, total charges for purchasing foreign exchange whether for imports, service payments, or cash note purchases must not exceed the newly set limit. The directive also prohibits banks f...


Radar

SantimPay Launches Zero-fee Digital Remittance Platform

SantimPay has rolled out FrankRemit, first fully integrated, zero-fee digital remittance platform, in partnership with Bank of Abyssinia(BOA). The service smoothly connects all commercial banks and major mobile money providers, including Telebirr, M-Pesa, and CBE Birr which is a first of its kind in the country. FrankRemit is expected to revolutionise how the Ethiopian diaspora sends money home. Developed locally and tested over the past two weeks with successful transfers from multiple count...