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

Somali Region Advances Budget Independence as Revenues Rise

Somali Regional State is moving closer to fiscal independence, with nearly half its budget now funded locally. Officials point to rising agricultural output and stronger tax enforcement as key drivers behind growing revenues. The region plans to cover 32.5 billion Br from its own resources in the upcoming fiscal year. Communication Head Mohammed Abdi credited last year's tax collection of 18 billion Br, exceeding the 17 billion Br target, to agriculture, khat, and other taxable goods. The reg...


Radar

Environmental Protection Authority Shuts Down Polluters

Addis Abeba's Environmental Protection Authority (EPA) has taken enforcement action against 3,249 manufacturers and service providers found violating environmental standards in the 2024/25 fiscal year. The violations, ranging from air and noise pollution to improper waste disposal, were identified during inspections of 14,872 businesses citywide. Penalties included warnings and closures, with shutdown orders issued to six plastic factories, 23 block factories, a soft paper plant, 102 nightclu...


Radar

Ministry Mandates Full Electronic Clearance for Top Taxpayers

Taxpayers under the Ministry of Revenues' Medium No. 1 branch will have to ditch paper filings and switch entirely to the e-Clearance system for non-audited services starting August 1, 2025. The mandate, routed through the Ministry's e-filing portal, is pitched as part of a broader push to modernise tax administration and advance the government's digital agenda. Officials say the platform lets users process clearance requests remotely via the Fayda national ID, cutting out manual paperwork. A...