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 to Resume Flight to Athens after 18 Years

Oct 26 , 2019


[ssba-buttons]

Ethiopian Airlines, the national air carrier, announced the resumption of its flights to Athens, Greece, effective December 13, 2019, after 18 years. Athens marks Ethiopian's 20th destination in Europe. The ultra-modern B787 Dreamliner will operate the thrice-weekly flight to Athens. "With our direct flight, Greece will be closer to Africa than ever before and to the rest of our global network," said Tewolde Gebremariam, CEO of Ethiopian Airlines. The resumption of the service to Athens will help meet the exponential demand from global tourists, as well as provide them with more connectivity options within Ethiopia's extensive global network, the airline stated. Ethiopian Airlines' profit increased by 19pc to 232 million dollars in the 2017/18 fiscal year, and the airline transported 340,000tn through its cargo services. Ethiopian Airlines has more than 100 international destinations, 19 domestic routes and 39 freighters.


Radar

Annual U.S.–Ethiopia Real Estate Expo to Debut in July

Harvest Circle Inc., a U.S.-based organisation, will launch the first annual U.S.-Ethiopia Real Estate & Construction Expo in July 2026. The event will bring together Ethiopian and U.S. real estate developers, construction firms, banks, insurers, property managers, and investors to explore partnership, financing, and investment opportunities. Organisers say the platform seeks to promote private sector-led urban development, facilitate diaspora investment, and expand market access for Ethiop...


Radar

Addis Abeba Housing Bureau Warns Landlords against Illegal Rent Hikes, Threatens Legal Action

The Addis Abeba Housing Development and Administration Bureau has issued a warning to landlords attempting to impose unauthorised rent increases or carry out unlawful evictions as the residential leasing cycle nears its statutory June 30 deadline. The warning follows reports of landlords pressuring tenants to vacate properties under claims of personal use or sale, alongside demands for steep rent hikes, according to comments made to state media. Kidist W. Giorgis, Head of the Bureau, said...


Radar

Development Bank Turns Corner as Profit Hits Eight Billion Br

The Development Bank of Ethiopia (DBE) posted a gross profit of eight billion Br in the first nine months of the fiscal year while repaying 15.6 billion Br in outstanding debt. Total income reached 17.3 billion Br, exceeding its target by 12pc. Presenting its performance to the House of Peoples' Representatives Standing Committee for Government Development Organizations, the bank highlighted progress from ongoing reforms, including reducing its non-performing loan ratio to 13.4pc, below the Nati...