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

AMG Holdings Breaks Ground on Industrial Rail Link to Ethio-Djibouti Railway

AMG Holdings has launched construction on a 2.5-kilometer railway connecting its Sheger Industrial Park to the Ethio-Djibouti Railway's Endode Station. The Ethiopian-led project comprises 1.7 Kms of main track and 800 meters of side rail. Chief Project Manager Engineer Nigist Hailu said the line is expected to be completed within six months, facilitating the transport of raw materials and finished goods to Djibouti's port. More than 100 local workers have already joined the project, with addi...


Radar

Ethiopian Deposit Insurance Fund Achieves Full Q1 Collection Target

The Ethiopian Deposit Insurance Fund collected 2.08 billion Br in the first quarter of 2025. This meets 100 percent of the target and represents a 26.83 percent increase compared with the same period last year. The rise in premiums was attributed to higher deposits from member financial institutions. To date, the fund has collected a total of 15.93 billion Br in premiums from member institutions, with 14.51 billion Br coming from regular deposits and 1.42 billion Br from interest-free depo...


Radar

Oromia Bank, Ethiopian Airlines Introduce Fly Now, Pay Later via Milkii Digital App

Oromia Bank's Milkii Digital App, launched on May 3, 2025, has introduced a “Fly Now, Pay Later” service that lets customers book Ethiopian Airlines tickets using digital loans, with payments spread over six months after travel with 16.5 interest rate and allows customers to book flights upto 300,000 Br. Developed in collaboration with Ethiopian Airlines, the platform is part of a broader effort to expand digital finance and simplify access to services. The initiative seeks to enhance conven...