Flight Resumes to Mogadishu


Ethiopian Airlines resumed commercial flights to Mogadishu, capital of Somalia, after 41 years. The airlines will fly three times a week to Mogadishu. Ethiopian will play a big role in strengthening the economic ties between the two countries, according to the Tewolde Gebremariam, CEO of Ethiopian Airlines. The flight enables Somali nationals to fly to their homelands through Addis Abeba, said Tewolde. “We are planning to start cargo flights and increase the flight frequencies to twice a day,” he added. The resumption of the flight service to Somalia came after Prime Minister Abiy and Somali President Mohamed Abdullahi Mohamed agreed to strengthen relations between the countries. The latter was on a visit to the country last week.


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Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the total grant, UNICEF committed 70 million dollars to support its water, nutrition, education, health, sanitation, child protection, and gender projects. Meanwhile, UNFPA pledged 16.1 million dollars for family planning, maternal health, adolescent and youth development, and gender equality and women empo...


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Authority Reports Fuel Import Stats

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Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 billion dollars in remittances, with the Bank's Diaspora banking service and CBE Birr contributing 89.9 million dollars to the total. The performance details were shared during CBE's annual review meeting last week. "This achievement is particularly gratifying given the challenging economic climat...


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