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Awash Insurance Secures Ethiopian Airlines Passenger Health Cover Deal


Awash Insurance Secures Ethiopian Airlines Passenger Health Cover Deal

Awash Insurance has won the bid to provide health insurance coverage to passengers of Ethiopian Airlines, formalising the partnership at a signing ceremony held last week at the Skylight Hotel. Travellers will be able to purchase coverage directly through the Ethiopian Airlines mobile application, with protection valid during flight time. The agreement marks the second collaboration between the two companies, following their COVID-19 insurance partnership during the pandemic. Lemma Yadecha, chief Commercial Officer of Ethiopian Airlines, said Awash Insurance secured the deal through a competitive bidding process. He noted that the national carrier currently works with insurance providers in the UK and Europe for international health coverage, resulting in premium payments flowing abroad. He urged Awash Insurance to ensure the new arrangement helps retain premium revenues in the country.

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Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


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MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the proliferat...


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Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...