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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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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

Hijira Bank posted 3.55 billion Br in income in 2025/26, exceeding its combined earnings over the previous four years, while gross profit reached 1.9 billion Br. Assets rose 115pc to 31.45 billion Br, deposits doubled to 24 billion Br, and capital increased 202pc to 7.45 billion Br. Digital transaction value surged 86pc to 41.72 billion Br, foreign currency earnings reached 158 million dollars, and total banking transactions hit 615.39 billion Br. The bank also disbursed 1.5 billion Br in col...


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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...