Ethiopian Airlines unlocks trapped funds though $140m remains abroad

Ethiopian Airlines Group has repatriated 360 million dollars from nearly half a billion dollars trapped in foreign accounts. Yet, 140 million dollars remains inaccessible abroad. Chief commercial officer Lemma Yadecha described these efforts as notable headway, with the airline now deploying funds locally for fuel and services.

Ethiopian Airlines Group has made progress in accessing funds stuck overseas due to foreign exchange restrictions. From nearly half a billion dollars trapped abroad, the airline has repatriated 360 million dollars, equivalent to almost two-thirds of the total. However, 140 million dollars still cannot be brought back.

Lemma Yadecha, the airline's chief commercial officer, described these achievements as “notable headway” in addressing the ongoing challenge of trapped funds. He noted that difficulties remain, but the company is adapting by spending the funds locally in the countries where they are held—purchasing fuel and paying for services on the ground.

The development was reported on December 20, 2025, by Fortune staff writer Bezawit Huluager. This issue stems from broader currency constraints affecting revenues earned by airlines in various nations, highlighting persistent hurdles in global aviation operations. The partial recovery bolsters Ethiopian Airlines' financial position amid these pressures.

Makala yanayohusiana

Ahadu Bank concluded its latest financial year with strong profits, marking a notable achievement for a young lender, yet it faces capital constraints. The bank expanded rapidly and earned substantially, but reforms in Ethiopia's financial sector are outpacing its balance sheet adaptations. This highlights challenges for late-entrant banks in a rapidly liberalizing market.

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Global Bank Ethiopia has achieved the National Bank's minimum capital requirement of five billion birr through new share sales and subscriptions. Total revenue increased to 5.56 billion birr from 4.05 billion birr the previous year, reflecting robust financial performance. The growth was primarily fueled by interest income from loans.

The Central Bank of Egypt announced that remittances from Egyptians working abroad reached unprecedented levels of about $33.9 billion in the first 10 months of 2025, compared to around $23.7 billion in the same period last year. On a monthly basis, remittances rose 26.2% year-on-year in October to approximately $3.7 billion.

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Ethiopia's push for digital payments is encountering resistance from cash preferences, as reported in a recent article. The piece from Addis Fortune highlights this ongoing challenge in the country's financial landscape.

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