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.


Radar

Abyssinia Bank Strategic Moves Pay Off, Driving Profit Growth

The Bank of Abyssinia (BoA) enjoyed another profitable year, amassing 4.23 billion Br net profits, an increase of 10.5pc from last year. The Bank announced total assets of 222.3 billion Br, surging by 17.3pc. Total deposits mobilised through the year climbed by 33.97 billion Br to 192.51 billion Br, while loans and advances reached 167.7 billion Br. However, the bank exhibited a nominal decline in its foreign currency earnings totalling 424 million dollars. Earnings per share also showed a ma...


Radar

$100m Project Mulls Public Transportation Make-Over

A 100-million-dollar project aims to manufacture over 5,000 diesel-powered and electric public transport vehicles for the capital. The proposed project was launched hoping to replace the ageing vehicles and improve safety, efficiency and quality across the city's urban transport system. Last week saw an MoU inked between executives of Multiverse Enterprise Plc and Addis Abeba Minibus Associations and was held at Vamdas Entertainment near Megenagna. The agreement includes plans to replace 15,000...


Radar

Safaricom Soars with 6.1 million Customers

Safaricom Ethiopia reported significant commercial growth in the first six months of the 2025 fiscal year (April to September 2024), with notable increases in both mobile (GSM) and M-PESA services. The company's network and services reached a population coverage of 46pc, growing from 30pc in the previous year. This expansion was supported by the addition of over 1,000 network sites, bringing the total to more than 3,000 across the country. Safaricom Ethiopia saw a surge in its customer base,...


Back
WhatsApp
Telegram
Email