FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




Ethiopian Signs Agreement with Ghana

May 18 , 2019


[ssba-buttons]

Ethiopian Airlines has signed an agreement with Ghana’s government to begin giving local and international flight services from Accra. Tewelde Gebremariam, the Airline’s CEO, signed a strategic partnership agreement with Joseph Kofi Adda, aviation minister of Ghana. The Ghanaian government along with private investors will own 51pc of the newly formed airline, while Ethiopian will own the rest. Ghana Airways, in which the government had a 60pc stake, collapsed in 2004 and gave way to Ghana International Airways, 70pc of which was owned by the government. But that too ceased operating in March 2010. Ever since then, Ghana has not had a national carrier. This partnership for Ethiopian with another African country’s government will be the fourth one. In the past it had entered into partnerships with the governments of Malawi, Zambia and Guinea to restart existing carriers or start up new ones.


Radar

Abay Bank Lists on Ethiopian Securities Exchange as Fifth Entrant

Abay Bank Share Company began trading on the Main Board of the Ethiopian Securities Exchange (ESX) on June 25, becoming the fifth company to list after registering its ordinary shares with the Ethiopian Capital Market Authority (ECMA). The stock debuted at 1,800 Br a share, making all 9.66 million ordinary shares immediately tradable. The listing follows a year of strong financial and digital growth. For the fiscal year ended June 30, 2025, the bank reported a three-billion-Br profit, assets...


Radar

Court Freezes Bank Accounts and Assets in Cosmo Trading Dispute

The Federal High Court Civil Bench has ordered the Commercial Bank of Ethiopia, Awash Bank, Hibret Bank and Bank of Abyssinia to freeze accounts held by Cosmo Trading Plc and Haileyesus Mengistu, blocking transactions of up to 400 million Br. The order follows the House of Federation's April 27, 2026 decision to suspend enforcement of earlier commercial rulings while it reviews a constitutional dispute over inheritance and contested business assets. The case centres on a nine-storey hotel on...


Radar

Bule Hora, Kebri Dehar Universities Sign Austrian Partnership

Bule Hora and Kebri Dehar universities have signed separate memoranda of understanding with Austria's Leoben University to strengthen training in mining, petroleum and energy as Ethiopia seeks to build resource-based industrial capacity. The partnerships aim to enhance academic and practical skills in mining engineering, petroleum studies and energy systems, disciplines viewed as critical to the country's long-term extractive and industrial ambitions. Under the agreement, Bule Hora Univers...