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

Nib international Bank Faces Heavy Hit from Forex Revaluation, Pays 348 Million Br in Penalties

Nib International Bank S.C. (NIB) has reported a significant loss of 2.9 billion Br, primarily due to extraordinary foreign exchange revaluation losses, this past Saturday, during its annual shareholders meeting at the Millennium Hall on Africa avenue, Airport Road. The bank faced substantial penalties amounting to 348.4 million Br. These penalties included a 251 million Br fine for liquidity shortages and a 97.4 million Br charge for violations related to Real-Time Gross Settlement (RTGS) payme...


Radar

Railway Network Upgrade Positioned as Engine of Economic Transformation

The National Railway Business Summit took place at Skylight Hotel on October 21, 2025, signalling a historic step in modernising its railway network as a foundation for national development and regional connectivity. Government officials, industry leaders, investors, and experts from around the world convened to discuss infrastructure expansion, financing models, and technology adoption. Asma Redi, chief portfolio director at Ethiopian Investment Holdings, noted that the Ethiopian Railways Co...


Radar

Gold Prices Ease After Recent Surge

The price of gold, which surged sharply in recent weeks, has started to decline in the current selling market. Over the past 15 days, 21-carat gold has traded between 24,000 and 25,000 Br per gram for imported products and around 21,000 Br for local gold. Imported 18-carat gold sold for 21,000 Br, while local 18-carat pieces were priced at 19,000 Br. Traders note that the recent increase was twice as high as typical fluctuations, attributing the spike to export patterns from Arab countries. ...