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

Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


Radar

MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum,. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the prolifera...


Radar

Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...