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



Hibret Bank Broadens Choice for Online Ticket Booking


Hibret Bank Broadens Choice for Online Ticket Booking

Clients with accounts at Hibret Bank now have a broadened choice in buying tickets online, with the addition of services to online booking it has been offering in partnership with Ethiopian Airlines for four years. Last week its executives signed with GuzoGo, a travel booking application, allowing its clients to buy tickets online from a carrier of their choice and place using the Hibir Mobile Banking app. Travelers are not to be subject to service fees, and the tickets are issued immediately upon completion of the transactions. Sol-Get Travel is the parent company that owns the GuzoGo travel application and businesses such as Nahoo TV and Rosetta Real Estate. Earlier this month, it launched CashGo, a remittance and crowdfunding application, in partnership with Bank of Abyssinia. Hibret's services with Ethiopian Airlines remain as options, company officials said. Hibret Bank posted 893.9 million Br in net profit during the past fiscal year, and its paid-up capital also expanded massively by 40.7pc to 3.2 billion Br over the same period.

[ssba-buttons]

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...