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

Nib international Bank Faces Heavy Hit from Forex Revaluation, Pays 348 Million Br in Penalties

Nib International Bank S.C. (NIB) has reported a significant loss of 2.9 billion Br, primarily due to extraordinary foreign exchange revaluation losses, this past Saturday, during its annual shareholders meeting at the Millennium Hall on Africa avenue, Airport Road. The bank faced substantial penalties amounting to 348.4 million Br. These penalties included a 251 million Br fine for liquidity shortages and a 97.4 million Br charge for violations related to Real-Time Gross Settlement (RTGS) payme...


Radar

Railway Network Upgrade Positioned as Engine of Economic Transformation

The National Railway Business Summit took place at Skylight Hotel on October 21, 2025, signalling a historic step in modernising its railway network as a foundation for national development and regional connectivity. Government officials, industry leaders, investors, and experts from around the world convened to discuss infrastructure expansion, financing models, and technology adoption. Asma Redi, chief portfolio director at Ethiopian Investment Holdings, noted that the Ethiopian Railways Co...


Radar

Gold Prices Ease After Recent Surge

The price of gold, which surged sharply in recent weeks, has started to decline in the current selling market. Over the past 15 days, 21-carat gold has traded between 24,000 and 25,000 Br per gram for imported products and around 21,000 Br for local gold. Imported 18-carat gold sold for 21,000 Br, while local 18-carat pieces were priced at 19,000 Br. Traders note that the recent increase was twice as high as typical fluctuations, attributing the spike to export patterns from Arab countries. ...