FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers New TRADE AFRICA New

Fortune Logo



Ethiopian to Receive Bombardier

Oct 23 , 2018

[ssba-buttons]

Ethiopia Airlines is set to get a new Bombardier aircraft from Chorus Aviation Capital (CAC), an aircraft leasing company. Chorus provided Ethiopian with two Bombardier aircraft a year ago. “We are very pleased to build upon our relationship with Ethiopian Airlines as they grow their portfolio of leased aircraft with Chorus Aviation Capital,” said Steve Ridolfi, President of Chorus Aviation Capital. Chorus Aviation Capital now includes 13 lessees in 13 countries, two of which are based in Africa. With this latest transaction completed, Chorus will have a total of 81 aircraft on lease throughout the world. The company was only just established on January 4, 2017

Radar

Milkii App Disburses 25 Million Br in Collateral-Free Loans in Two Months

Oromia Bank's new collateral-free digital lending app, Milkii, has disbursed 25 million Br in loans without requiring collateral. Of this, 16 million Br has already been repaid, generating 1.4 million Br in revenue within just two months. Developed in partnership with Quantum Technology PLC, the app plans to make lending more accessible and inclusive, aligning with Oromia Bank's contribution to the Digital Ethiopia initiative. According to a press release, Milkii promotes financial inclusi...

Read more >>

Radar

Ethiopia Partners with UK to Ease Shipping Bottlenecks

The Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) and the British International Freight Association (BIFA) signed a memorandum of understanding (MoU) on May 27, 2025, at Hyatt Regency Addis Abeba, to address skills gaps, customs delays, and corridor inefficiencies in the freight and logistics sector. The partnership focuses on technical cooperation, training, and regulatory reform. With over 90pc of trade dependent on the Djibouti corridor, rising congestion, customs...

Read more >>

Radar

Education Authority Sanctions Mishqen College for Rule Violations

The Education & Training Authority has issued a decisive directive last week, mandating legal action against Mishqen College for persistently defying regulatory orders and unlawfully continuing to offer higher education services. Mishqen College had previously been licensed to conduct undergraduate distance learning programs across multiple regions from 2019 to 2022. However, after serious regulatory breaches, the institution was ordered to cease all instruction, complete pending academic...

Read more >>