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Ethiopian Resumes Athens Route as Demand Spikes

Jun 25 , 2022


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The Ethiopian Airlines Group has resumed operating flights to Athens, Greece three times a week in response to increased demand. Travel to Greece has exhibited a sharp uptick in recent weeks, edging closer to pre-pandemic levels for a country that is heavily dependent on tourism. Industry insiders foresee demand will continue to rise in the coming month. Ethiopian Airlines flies to more than 130 international passenger and cargo destinations across five continents. The Group is one of 27 state-owned enterprises to come under the wing of the newly-formed Ethiopian Investment Holdings, the country's first sovereign wealth fund. Other giant enterprises, such as the Commercial Bank of Ethiopia (CBE) and Ethio telecom, have also been placed under the purview of the wealth fund established earlier this year.


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Abay Bank Lists on Ethiopian Securities Exchange as Fifth Entrant

Abay Bank Share Company began trading on the Main Board of the Ethiopian Securities Exchange (ESX) on June 25, becoming the fifth company to list after registering its ordinary shares with the Ethiopian Capital Market Authority (ECMA). The stock debuted at 1,800 Br a share, making all 9.66 million ordinary shares immediately tradable. The listing follows a year of strong financial and digital growth. For the fiscal year ended June 30, 2025, the bank reported a three-billion-Br profit, assets...


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Court Freezes Bank Accounts and Assets in Cosmo Trading Dispute

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Bule Hora, Kebri Dehar Universities Sign Austrian Partnership

Bule Hora and Kebri Dehar universities have signed separate memoranda of understanding with Austria's Leoben University to strengthen training in mining, petroleum and energy as Ethiopia seeks to build resource-based industrial capacity. The partnerships aim to enhance academic and practical skills in mining engineering, petroleum studies and energy systems, disciplines viewed as critical to the country's long-term extractive and industrial ambitions. Under the agreement, Bule Hora Univers...