Ethiopian Resumes Athens Route as Demand Spikes

Jun 25 , 2022


[ssba-buttons]

The Ethiopian Airlines Group has resumed operating flights to Athens, Greece three times a week in response to increased demand. Travel to Greece has exhibited a sharp uptick in recent weeks, edging closer to pre-pandemic levels for a country that is heavily dependent on tourism. Industry insiders foresee demand will continue to rise in the coming month. Ethiopian Airlines flies to more than 130 international passenger and cargo destinations across five continents. The Group is one of 27 state-owned enterprises to come under the wing of the newly-formed Ethiopian Investment Holdings, the country's first sovereign wealth fund. Other giant enterprises, such as the Commercial Bank of Ethiopia (CBE) and Ethio telecom, have also been placed under the purview of the wealth fund established earlier this year.


Radar

Construction Sector Faces 'Serious Trouble,' Minister Warns

The construction industry in Ethiopia is in "serious trouble," said Chaltu Sani, Minister of Urban & Infrastructure Development, citing major challenges with finance, competitiveness and material costs. Speaking at the opening of the BIG 5 Construct Ethiopia expo and the inaugural East African Infrastructure & Water Expo at Millennium Hall last week, Chaltu stressed the need for concerted efforts from government, private sector, and international partners to support the 67 billion dol...


Radar

Wegagen Bank, Gift Real Estate Partner to Promote Diaspora Homeownership

Wegagen Bank S.C. and Gift Real Estate Plc. signed a Memorandum of Understanding (MoU) on June 23, to offer housing loans for homebuyers, with a special focus on the Ethiopian diaspora. The agreement enables eligible diaspora members to access loans covering up to 80pc of a home's value at reasonable interest rates. The bank's Deputy CEO Kidane Gebreselassie noted the deal will promote the real estate sector and expand homeownership options. Founder and CEO of Gift Real Estate, Gebreyesus Igata...


Radar

Jimma University Signs Sports Science Agreement to Strengthen National Programmes

Jimma University has signed a four-party Memorandum of Understanding (MoU) with the Ethiopian Academy of Sciences, Derartu Tulu Sports Training & Research Institute, and the Oromia Youth & Sport Bureau to advance Ethiopia's sports science and training capacity. Signed on June 26, the agreement includes joint research, shared facilities, and hosting of national and international competitions. It is expected to strengthen youth development, public health, and national pride through coor...