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Telebirr to Introduce Airline Ticket Sales Feature

Apr 22 , 2022


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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.


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Abay Bank Lists on Ethiopian Securities Exchange as Fifth Entrant

Abay Bank Share Company began trading on the Main Board of the Ethiopian Securities Exchange (ESX) on June 25, becoming the fifth company to list after registering its ordinary shares with the Ethiopian Capital Market Authority (ECMA). The stock debuted at 1,800 Br a share, making all 9.66 million ordinary shares immediately tradable. The listing follows a year of strong financial and digital growth. For the fiscal year ended June 30, 2025, the bank reported a three-billion-Br profit, assets...


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Court Freezes Bank Accounts and Assets in Cosmo Trading Dispute

The Federal High Court Civil Bench has ordered the Commercial Bank of Ethiopia, Awash Bank, Hibret Bank and Bank of Abyssinia to freeze accounts held by Cosmo Trading Plc and Haileyesus Mengistu, blocking transactions of up to 400 million Br. The order follows the House of Federation's April 27, 2026 decision to suspend enforcement of earlier commercial rulings while it reviews a constitutional dispute over inheritance and contested business assets. The case centres on a nine-storey hotel on...


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Bule Hora, Kebri Dehar Universities Sign Austrian Partnership

Bule Hora and Kebri Dehar universities have signed separate memoranda of understanding with Austria's Leoben University to strengthen training in mining, petroleum and energy as Ethiopia seeks to build resource-based industrial capacity. The partnerships aim to enhance academic and practical skills in mining engineering, petroleum studies and energy systems, disciplines viewed as critical to the country's long-term extractive and industrial ambitions. Under the agreement, Bule Hora Univers...