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Ethiopian to Receive Bombardier

Oct 23 , 2018

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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

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Korenti, Agelegel Microfinance Ink EV Financing Deal

Korenti Auto Trading PLC has signed a strategic agreement with Agelegel Microfinance to provide accessible financing options for electric vehicle (EV) buyers. The partnership seeks to ease EV ownership by offering fair pricing and loan packages with affordable rates. The initiative supports Ethiopia's push for clean transport and aligns with national sustainability goals. Korenti's managing director said the move reflects the company's commitment to expanding electric mobility. Customers can now...

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NBE Leads Week-Long Bank Supervision Application Forum

The National Bank of Ethiopia (NBE) is hosting a week-long Bank Supervision Application (BSA) User Group meeting that began on July 7, 2025. The BSA system, developed by a pan-African consortium of central banks including the NBE, automates supervisory work for financial regulators. NBE will take over the rotating BSA chairmanship in September. Opening the session, Frezer Ayalew, Director of Bank Supervision, stressed the need for modern tools to handle growing regulatory demands amid cyberse...

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Six Fuel Companies Banned, Seven Warned, Authority Noted Illicit Activity

The Ethiopian Petroleum & Energy Authority has taken disciplinary action against 13 fuel distribution companies for illegally trading 2.8 million litres of fuel outside the digital system in the past two months. Six firms face a one-month suspension from the fuel import and trading market, while seven others received final warnings and must rectify their operations within a month. Director General Destawe Mekwanant (PhD) said the companies failed to monitor fuel stations and ensure proper...

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