Telebirr to Introduce Airline Ticket Sales Feature

Apr 22 , 2022


[ssba-buttons]

The country's two largest public enterprises have inked a deal to begin the sale of airline tickets on the state-owned Ethio telecom's Telebirr mobile money platform. Ethiopian Airlines and the telecom operator began piloting the digital ticket sales in February, selling 6.7 million Br worth of domestic and international tickets. Telebirr has garnered over 127 million customers since it was launched last May. It has facilitated transactions worth 12.8 billion Br. The platform also offers options for digital remittances, thus far facilitating the transfer of a little under 530,000 dollars. Ethio telecom has plans to integrate the platform with 20 governmental and non-governmental institutions, allowing users to pay for services online through Telebirr. There are 52 partners using Telebirr for online payments; including traffic fines and utility bills.


Radar

NBE Expands Diaspora Warning Over Unlicensed Remittance Firms

The National Bank of Ethiopia (NBE) has issued an expanded public warning targeting unlicensed remittance operators abroad, flagging four U.S.-based companies it says are undermining Ethiopia's financial regulations. The warning includes newly disclosed findings and specific cases that underscore growing concerns about illicit cross-border financial activity. Remittance flows remain a vital lifeline for Ethiopia's economy, supporting households and supplying critical foreign currency. But as...


Radar

Stricter Standards Unveiled for Public Auditors, Accounting Firms

The Accounting & Auditing Board of Ethiopia (AABE) has issued a new directive aimed at strengthening oversight and professional standards in the accounting and auditing sector. Grounded in the Financial Reporting Proclamation, the directive addresses long-standing regulatory gaps while preparing the sector for the country's emerging capital market. Key provisions introduce stricter licensing standards for public auditors, professionals permitted to audit public interest entities. Applican...


Radar

Export Recovery Gains Ground, Industry Still Lags Potential

The Ministry of Industry (MoI) has reported a modest rebound in Ethiopia's manufacturing exports, with revenues climbing eight percent in the 2025 fiscal year to reach 318 million dollars. Minister Melaku Alebel attributed the growth to a gradual sectoral recovery but acknowledged the figures remain well below the country's industrial potential. Speaking at a forum held with 60 top-performing manufacturers, Melaku said the ministry is working to unlock bottlenecks and improve coordination. Th...