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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.

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Annual U.S.–Ethiopia Real Estate Expo to Debut in July

Harvest Circle Inc., a U.S.-based organisation, will launch the first annual U.S.-Ethiopia Real Estate & Construction Expo in July 2026. The event will bring together Ethiopian and U.S. real estate developers, construction firms, banks, insurers, property managers, and investors to explore partnership, financing, and investment opportunities. Organisers say the platform seeks to promote private sector-led urban development, facilitate diaspora investment, and expand market access for Ethiop...


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Addis Abeba Housing Bureau Warns Landlords against Illegal Rent Hikes, Threatens Legal Action

The Addis Abeba Housing Development and Administration Bureau has issued a warning to landlords attempting to impose unauthorised rent increases or carry out unlawful evictions as the residential leasing cycle nears its statutory June 30 deadline. The warning follows reports of landlords pressuring tenants to vacate properties under claims of personal use or sale, alongside demands for steep rent hikes, according to comments made to state media. Kidist W. Giorgis, Head of the Bureau, said...


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Development Bank Turns Corner as Profit Hits Eight Billion Br

The Development Bank of Ethiopia (DBE) posted a gross profit of eight billion Br in the first nine months of the fiscal year while repaying 15.6 billion Br in outstanding debt. Total income reached 17.3 billion Br, exceeding its target by 12pc. Presenting its performance to the House of Peoples' Representatives Standing Committee for Government Development Organizations, the bank highlighted progress from ongoing reforms, including reducing its non-performing loan ratio to 13.4pc, below the Nati...