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




Ethiopian Faces Suspension After Eritrea Cites Service Issues


[ssba-buttons]

Ethiopian Airlines has confirmed its flight suspension to Eritrea within the next two months. This follows a statement from the Eritrean Civil Aviation Authority issued last week, suspending Ethiopian Airlines flights. A letter circulating on social media attributes the decision to "luggage theft and damages, prolonged flight delays, and unjustified price hikes." While the Group acknowledges receiving a letter dated July 21, 2024, executives maintain that specific reasons for the suspension have not been disclosed to them. Air travel between Ethiopia and Eritrea resumed six years ago, with Ethiopian Airlines operating flights twice daily, five days a week, from Addis Ababa to Asmara. The suspension notice came amidst discussions with Eritrean authorities to increase the number of flights to 15 per week. Ethiopian Airlines disclosed on its official social media channels that they are currently seeking clarification from Eritrean authorities and are committed to resolving the issues amicably and promptly.


Radar

Liquidity Relief, Reform Pressure Meet as World Bank Prepares Major Budget Support

The World Bank is set to approve a 1.45 billion dollar budget support package for the Ethiopian government on June 25, 2026. The announcement came alongside a high-level consultation at the Ethiopian Skylight Hotel, where leaders from the Ethiopian Chambers of Commerce and Sectoral Associations (ECCSA) met with private sector representatives and the National Council. The package follows an earlier 17 billion dollar credit and summer service support allocation. The institution has anchored key...


Radar

Cabinet Approves 502b Birr Budget as City Returns to Federal Subsidy

The Addis Abeba City Cabinet has approved a 502 billion Br budget for the 2026/27 fiscal year, a fiscal plan that marks a return to federal subsidies despite previous claims of municipal self-sufficiency. The budget, now awaiting final ratification by the City Council, incorporates a federal subsidy of more than 74 million Br. This policy reversal follows the 2025/26 mid-year salary revisions for civil servants, implemented to buffer the inflationary impact of the floating Birr on the cost of...


Radar

Global Analytics Meets Local Insight as WAAS Partners With Kantar in Ethiopia Expansion

WAAS International Plc has partnered with global analytics firm Kantar on June 12, 2026, to introduce predictive analytics and consumer tracking tools into the country's corporate market. The collaboration blends Kantar's global methodologies with WAAS's 35-year local data archive to support business leaders operating in a liberalising economy. WAAS Managing Director Efera Busa said the partnership connects global expertise with local context, delivering standardised metrics without losing cu...