Ethiopian Airlines Extends Liege Cargo Agreement

Jul 18 , 2021


Ethiopian Airlines has extended its agreement with Belgium's Liege Airport for the coming five years. The extension will make Ethiopian Airlines a cargo gateway between Europe and Africa until 2026. Since the airline started flying to the Liege airport 15 years ago, it has transported one million tonnes of cargo with 15,000 freighter flights. According to a report from the African Airlines Association’s (AFRAA), Ethiopian has been ranked as the largest African operator in passenger and cargo traffic in 2020. Ethiopian carried half a million tonnes of freight and over five million passengers through its main hub, Bole International Airport, in 2020. Ethiopian Cargo & Logistics Services provides airport-to-airport services by stretching its wings to 127 cargo and passenger destinations across five continents.


Radar

E-Passport Service Begins with Local Production Set for October

Immigration & Citizenship Services (ICS) has commenced e-passport issuance supported by an inventory of 1.5 million passports, with local production scheduled to begin in October. ICS invested 2.5 billion Br in telecom and data center infrastructure, and an additional 80 million dollar in document procurement. This included 1.5 million passports (50 dollars each), 300,000 alien passports and yellow cards (eight dollars each), and half a million emergency travel documents and laissez-passers...


Radar

Sovereign Fund Reviews Mid-Year Performance of Line Companies, Calls for Strategic Improvements

Ethiopian Investment Holdings (EIH) launched its mid-year performance review for its portfolio companies, displaying mixed results for the first half of the fiscal year. Ethiopian Sugar Industry Group (ESIG) reached 95.3pc of its sales goal, selling 64,190tn of sugar for 6.1 billion Br—a 132pc year-on-year growth—despite capacity and supply issues. The Ethiopian Petroleum Supply Enterprise (EPSE) met 92pc and 97pc of its purchase and sales targets, respectively, stating it has benefitt...


Radar

Digital Pay Uptake Booms Among SMEs, Visa Study Finds

Over 80pc of surveyed small- and medium-sized Enterprises (SMEs) have started accepting digital payments in the last two years, according to a new Visa report titled, ‘Value of Acceptance: Understanding the Digital Payment Landscape in Ethiopia'. Citing increased convenience, the report indicates reduced fraud risk and improved efficiency as factors in the uptake. A substantial 66pc of these SMEs believe that investing in digital payment technologies will support future business growth. The...