Ethiopian Resumes Flights to 40 Destinations

Jul 13 , 2020


Ethiopian Airlines resumed service to Dubai, furthering its ending of the lockdown and its opening for leisure travelers as of July 8, 2020. Djibouti has also announced that it will end its lockdown on July 17, and Ethiopian will resume normal service to Djibouti as of the ending date of the lockdown, according to the company. These resumptions will bring the total number of destinations served by Ethiopian to 40. "As countries continue to open up their airports for passenger arrival, Ethiopian will announce a list of these destinations in due course," read the statement from the airline. The company made face masks mandatory for travel and requests that travellers satisfy destination entry requirements such as health certificates and health declaration forms.


Radar

Tech Ministry Falters as Audits Expose Mismanagement, Unmet Ambitions

The Ministry of Innovation & Technology is under scrutiny after an audit revealed lapses in project management and financial oversight. This raised questions about governance standards within a Ministry central to the country's tech-driven growth ambitions. According to the Federal Auditor General, the Ministry has completed only 11pc of its planned projects with its overall financial administration standing at 37.4pc for a year-long project that commenced in 2022. Budget mismanagement an...


Radar

Central Bank Keeps Lending Lid Tight as Inflation Squeezes Economy

The Central Bank has reaffirmed its decision to maintain an 18pc cap on credit growth, reinforcing a commitment to tighter monetary policy during persistent inflation and economic uncertainty. The National Bank of Ethiopia's (NBE) monetary policy committee cited ongoing concerns over inflation, which stood at 19.9pc year-on-year (YoY), and liquidity imbalances as reasons to uphold the restriction on lending. Bankers and analysts interpret this move as evidence of regulators' determination to...


Radar

Ethio Telecom Expands Services with DStv Streaming

Ethio telecom enters the entertainment pool with bundled DStv streaming services through high-speed broadband internet and mobile data packages. The partnership with MultiChoice Ethiopia aspires to merge the telecom's fiber broadband and mobile network with DStv's content. Subscribers can access DStv channels through mobile data or fiber broadband bundles, with discounts of up to 35pc through Telebirr or My Ethiotel (*999#) and up to 26.5pc at sales centers for fiber broadband bundles. Acc...