Business
Ethiopian Airlines Meets Envoys Over Passengers’ Detention
Most popular carrier in Ethiopian Airlines Meets Envoys Over Passengers’ DetentionAfrica, the Ethiopian Airlines, has met with the ambassadors of Nigeria, Ghana and six other African countries with a view to finding amicable solutions to the reported delays and detention of some passengers at the Bole International Airport, Addis Ababa, Ethiopia.
The Group Chief Executive Officer of Ethiopian Airlines, Mesfin Tasew, in a statement obtained on Monday, spoke against the backdrop of the recent reports alleging maltreatment of Nigerians by Ethiopian police and immigration officials.
While denying the allegations that Nigerians travelling through the Bole Airport hub are maltreated unjustly and subjected to unfair police and immigration detention, he noted that only passengers who fail to comply with the required international security standards are delayed or sometimes detained for normal police and immigration processes.
The Nigerian Ministry’s of Foreign Affairs had earlier said over 270 Nigerians are serving various prison terms in Ethiopia, adding that most of them were imprisoned for drug-related offences.
The Ministry was reacting to a recent viral video by one Dr. Paul Ezike on social media on the alleged plight of Nigerian inmates in the Kaliti Prison in Ethiopia.
However, the Ethiopian Airlines GCEO, had told journalists in Addis Ababa last week, that efforts were being made by the carrier to address the issue.
This, he said, led to a recent meeting with the ambassadors of some eight African countries in Addis Ababa.
“We had to call about eight ambassadors from West Africa to my office. They were kindly willing to come to Nigeria, Togo, Senegal, Ghana. They expressed their concern.
“So, we are discussing this. It is unfortunate, we don’t want any passenger to be inconvenienced as they pass through Addis Ababa Airport, but some of these things are beyond our control. That is the case. Otherwise we don’t want anyone to be inconvenienced”, Tasew said.
Lamenting the situation further, the Africa largest carrier boss said its findings had shown that some passengers transiting through the Bole Airport hub often were carrying beyond the required amount of dollars or precious metals allowed by the Ethiopian government laws.
He observed that the failure to declare such huge amount to the Customs officials at the point of entry often had led to the arrest and detention of such passengers.
Tasew, however, noted that plans were on by the government of Ethiopia and Nigeria to resolve the matter through diplomatic channels.
“Some passengers are found carrying drugs. If they are found carrying drugs, definitely they are not allowed to continue their flight.
“The security people will take them under custody. If they are found carrying weapons without permission, they do the same thing until they investigate and see that it is an approved weapon and so on.
“So, some passengers, when they are found to be non-compliant, they can go under the custody of police.
“The second problem that we witness is that some people carry a lot of money on paper, a lot of dollars, or valuables like gold in large size or dollars for example in tens of thousands, hundreds of thousands, sometimes even millions; over a million dollars are carried in their bags.
“Such passengers might probably not have incurred the wrath of the Ethiopian government if they were not passing perhaps a day in the country during their flight.
”If they are transiting without coming to Addis, the security people don’t touch them. They can carry the money because it’s their money, they are not coming to the country.
“However, for some reason, if they want to pass a day or a night to get their connection and they have to come out to the hotel, the national regulation says that all passengers carrying over $10, 000 or its equivalent or in gold or other normal ornament, have to declare it at the Customs section on arrival.
“You have to tell them that ‘I am carrying $30,000’. They may ask you, ‘where is it’? You can take it out from your bag and show them. You are then asked to sign on a piece of paper they will give you.
“And the next morning when you are going out, as you pass through the X-ray, the Custom officials are there. If they see it and ask you whether you have a permit to carry the money, you then show that paper and nothing will happen. You are free to carry out your money, even if it is $1m. All they are asking you to do is to declare it.
“If you don’t declare, then the government assumes some Ethiopians had met with you in order to take such hard currencies out of the country. So, the government assumes that if you didn’t declare it when you were coming in, then it means it’s not your money; somebody in the city has given you the money, so it is illegal to take out the money.
“The government confiscates the money. This is another problem that we have. So, to protect them from doing this, you may have heard that before the flight arrives, the cabin crew announce to all our esteemed passengers to declare to Customs if they are carrying more than $10,000”, he explained.
By: Conlins Walter
Business
Bank Supports Female Entrepreneurs With Grants
Kolomoni Microfinance Bank has awarded grants to five female entrepreneurs to boost their businesses as part of its commitment to promoting women in business.
The initiative, organized to mark International Women’s Day, was themed “Accelerate Her Growth.”
According to the bank, the decision to support women was inspired by World Bank data, which shows that 41 percent of Nigeria’s micro-businesses are owned by women.
Delivering the keynote address, business strategist, Ebun Akinwale, emphasized that entrepreneurship requires resilience, creativity, and passion.
She illustrated this by recounting her own business challenges and highlighting the critical role passion plays in overcoming obstacles.
The event underscored Kolomoni’s mission to empower women and support small businesses in Nigeria.
Other speakers at the occasion were Odunayo Oyebolu, a seasoned entrepreneur; Victori Ajiboye, a marketing strategist with global experience; and Simi Ojumu, a finance expert.
The beneficiaries said the financial support was a validation of their hard work and a boost of confidence towards scaling through in their businesses.
The winners were selected after sharing their entrepreneurial journeys and presenting business proposals for financial assistance from the bank.
Business
Nigerian SME Awards: Providus, Access, Others Compete For Honor
The 8th edition of the Nigeria Small and Medium Enterprises (SMEs) Summit and Awards (Nigeria SMEAwards) is set to take place in Lagos for the first time in its history, marking a significant milestone for this prestigious event.
Endorsed by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), the annual awards celebrate the entrepreneurial spirit driving Nigeria’s economy.
The visionary convener of NigeriaSMEAwards 2025, Adedayo Olalekan, said, “Governors from Zamfara, Sokoto, Ebonyi, Borno, Enugu, Ekiti, Benue, and Kaduna States have all implemented transformative initiatives that have greatly benefitted local enterprises.
“Their contributions will serve as a beacon of inspiration for the nation.”
Speaking at a recent press conference in Lagos, Olalekan emphasised that the event would introduce a fresh and unique approach, moving away from tradition.
“Despite economic challenges, Nigerians continue to show an unwavering commitment to progress”, he said.
He noted that the awards will not only honor outstanding individuals, but also recognise the critical role state governments play in nurturing vibrant SMEs.
“State governments have been instrumental in fostering a supportive environment for SMEs, which in turn benefits both the awardees and the larger economy.
“With major banks like Providus, Access, and First Banks competing for top honors, the 8th NigeriaSMEAwards promises to be a night of celebration, recognising exceptional contributions to Nigeria’s SME landscape”, Olalekan added.
Amid global challenges such as inflation, geopolitical instability, and the ongoing conflict in Ukraine, Nigerians continue to show remarkable resilience.
Their efforts, according to reports, have contributed to job creation, economic growth, and overall prosperity, with SMEs at the forefront of this success.
This year’s awards will recognise governors who have made significant strides in advancing the SME sector within their states.
Business
SMEs Experts Urge MSMEs To Remain Focused
Small and Medium Enterprises (SMEs) consultants in Rivers State have called on entrepreneurs to be focused and avoid distractions.
The experts, who were speaking on the recent developments about the change of leadership in the state, said entrepreneurs need to put more efforts in their businesses in order to break even in the present situation in Rivers State.
Speaking in a chat with The Tide, an international SMEs consultant, Amb. Larry Goodwill Ajiola, said the political moves is capable of distracting SMEs who are not grounded in their businesses, adding that “the serious minded business men and women would utilise the opportunity to increase their revenues”.
Amb Ajiola, who is the President and Chief Executive Officer (CEO) of Rumuomasi Co-operative and Credit Society Limited, Port Harcourt, said, “Rugged entrepreneurs look out for business opportunities in situations around them, whether good or bad”.
He reiterated that the loan facility given to 3,000 SMEs in the state revived and expanded businesses, adding that the empowered businesses should continue to push, no matter the situation.
“credit is a powerful tool for achieving financial security.
“We can only keep imagin the economic value that the over 3,000 MSMEs would add to the positive economic dynamics of Rivers State and the Local Government Areas in terms of Gross Domestic Prooduct (GDP), increased tax returns, employment creation, income distribution, and production of goods and services”, he said.
Another SMEs Expert, a business consultant and SMEs trainer, Mr. Chisom Sam-Orji, in his advice, noted that every SME in the state should realize that change is the only constant thing.
He said SMEs should also know that “tough times never last, but tough people do”, adding the need for every entrepreneur to stay focused on creating value and remain resilient.
“This is not the time to be distracted by every noise around your space, but to maximize every time you have to focus on the essentials and keep creating value.
“For some people, it may just be the time to diversify, create new products and services to serve a new or existing market. But this must be based on the facts available to you via research and market surveys”, he said.
The SMEs expert also said the present time in the life of an entrepreneur is a time to cut off unnecessary excesses that surround one’s business.
“Those extra costs that may hamper your growth in this season and beyond, and focus on just essentials.
“SMEs should find certain leverages that are available to aid their business growth. This could be in form of grants, knowledge, and other leverage tools.
“Collaboration is one big way to grow in this season. Finding ways to collaborate with like minds instead of competing could enable a product or service gain advantage in the market and beyond.
“They should also find ways to sustain and grow their customer relationship as this is key to sustaining business flow. They must seek new and efficient ways to serve their customers and gain their loyalty”, he stated.
He further called on every entrepreneur to keep building capacity and never take their eyes off their visions, adding the need to muster every courage it takes to keep building and moving forward.
Lilian Peters