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Ethiopian Airlines Leases New Turboprop Aircraft to Air Congo


Ethiopian Airlines Leases New Turboprop Aircraft to Air Congo

Ethiopian Airlines has leased two new ATR 72-600 turboprops to Air Congo, the Democratic Republic of Congo's flag carrier, in which it holds a 49pc stake. The aircraft, equipped with the latest engines, are expected to enter service in February 2026, marking the first introduction of this model in the DRC. The announcement, made at the Dubai Airshow this week, marks the country's return to Aérospatiale Alenia (ATR) operations after three decades. It follows a July 2024 agreement to establish ATR maintenance capability in the city, a step intended to position Ethiopian's Maintenance, Repair & Overhaul facilities as a regional hub for the Franco-Italian manufacturer's fleet. Group CEO Mesfin Tasew framed the lease as part of a wider effort to offer African carriers cost-effective regional connectivity. Air Congo CEO Mesfin Biru Weldegeorgis pointed to the aircraft's capacity to reach remote airstrips, an essential feature in the DRC's demanding geography. ATR CEO Nathalie Tarnaud Laude welcomed the collaboration, noting the growing uptake of the company's aircraft across the continent due to their lower operating costs and suitability for emerging markets. The lease underscores Ethiopian Airlines' expanding role in advancing intra-African air transport and supporting partner airlines under its Vision 2035 strategy.

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Customs Authorities Intercept Major Alleged Contraband Shipment Worth 422 Million Br

The Customs Commission seized alleged contraband goods worth more than 422 million Br during inspections conducted between June 25 and June 30, 2026. The haul included clothing, electronics, ammunition, construction materials, coffee, vehicle spare parts, cosmetics, khat, narcotics, minerals, livestock and foreign currency. The Addis Abeba Airport, Moyale and Awash customs branches recorded the largest seizures, valued at 115 million Br, 93 million Br and 61 million Br, respectively. Authorit...


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Hijira Bank Posts Record Growth as Assets Reach 31.45 Billion Br

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Gadaa Bank Offers One Million Shares to Public Investors

Gadaa Bank has offered one million shares to the public at 1,050 Br per share following approval from the Ethiopian Securities Exchange (ESX) on June 22, 2026. The share sale keeks to expand the bank's capital base and strengthen shareholder value. The offering will run until September 17, 2026, and is open to existing shareholders and new investors who meet ESX requirements. It is open to existing shareholders and new investors who meet ESX requirements...