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



Private Partnership Avails Flight Payment System


Private Partnership Avails Flight Payment System

A digital credit service that offers customers post-flight payment modalities for up to a year was launched last week. Dubbed Guzogo, the mobile application is integrated with 10 airline companies including Emirates, Lufthansa, Qatar and Kenya Airways. A call centre alternative is availed for non-smartphone users where they can compare the prices of flights and choose destinations. Tewodros Shiferaw, CEO of Guzogo, said the "Fly now pay later" facilitation goes beyond professional investments and proves to be a practical solution during security concerns where travellers cannot get their hands on enough cash for instant payments. Partnering with Eagle-Lion System Technology, Sol-get Travel Plc launched the application at the Hyatt Regency last week. According to Bersufekad Getachew, CEO of Eagle-Lion, a system where travellers can get tickets from commercial banks was also availed with 1,000 branches in Abyssinia and Berhan banks with plans to integrate others in the coming months. Recalling the Covid-19 pandemic that challenged travel agencies and flight operators, Bersufekad disclosed they have provided agent platforms.

[ssba-buttons]

Radar

Prime Capital Joins ESX, Seeks Securities Dealership Licence

Prime Capital has secured trading membership on the Ethiopian Securities Exchange (ESX) and is pursuing a securities dealership licence to expand its brokerage and investment banking services, according to Head of Business Development and Marketing Fikremarkos. The firm received its trading membership after obtaining an investment banking licence from the Ethiopian Capital Market Authority (ECMA) and meeting all ESX requirements. The licence authorises Prime Capital to execute securities tran...


Radar

Parliament Ratifies Tax Amendment, Assigns PMO to Lead Conciliation, Imposes 10pc Penalty on Late Evidence

The Prime Minister's Office will appoint independent tax conciliators while taxpayers face a 10pc penalty for late evidence under the Federal Tax Administration Amendment ratified by Parliament last week. By shifting the selection of “conciliators” from the tax authority to the PMO, authorities aim to establish a neutral dispute-resolution system to speed up out-of-court settlements. Experts describe the move as a high-stakes reform with notable institutional risks. The legislation, pa...


Radar

ZamZam Bank Registers Shares, Eyes Capital Market Debut

ZamZam Bank has secured approval from the Ethiopian Capital Market Authority (ECMA) to register its shares, becoming the first fully interest-free bank to complete the regulatory process for public trading. The approval covers five million existing shares worth five billion Br and one million bonus shares valued at one billion Br, paving the way for the Bank's future participation in Ethiopia's capital market. ZamZam plans to raise its capital to 15 billion Br and introduce Sharia-compliant i...