Public Management

Ethiopian Airlines to build Africa’s biggest airport, starting this year

Ethiopian Airlines to build Africa’s biggest airport, starting this year
Thursday, 16 January 2020 11:55

Ethiopian Airlines announced plans to start building a new airport this year. Set to accommodate 100 million passengers, the $5 billion infrastructure will be Africa’s biggest airport.

It will be built on a 35 km2 land in a place called Absera, around the town of Bishoftu, about 48 km from the capital Addis Ababa. The facility will also have duty free shopping malls, hotels, logistics, and training centers among others.

In an exclusive interview with Ethiopian News Agency, Ethiopian Airlines Group CEO Tewolde Gebremariam (pictured) said that Ethiopia has completed its vision 2025 seven years ahead of time. Tewolde says the construction of the new airport is to relieve congestion at the Bole International Airport, which is nearing saturation despite recent expansion works that has increased its annual capacity to 22 million passengers.

Bole Airport is not going to accommodate us; we have a beautiful expansion project, the airport looks very beautiful and very large but with the growth that we are having every year, in about 3 or 4 years we are going to be full,” said Tewolde Gebremariam.

For the fiscal year 2018/2019, the company’s fleet included nearly 120 aircraft deployed to 127 destinations in 81 countries around the world (Africa, Europe, America, Middle East and Asia). It has become the world's fifth-largest carrier in destinations.

Over the same period, Ethiopian Airlines carried more than 12 million passengers with a net profit of $180 million and a turnover of $4 billion.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Renaprov raises 1.1 billion CFA francs, below 8.4 billion target Second subscription window extended to May 15 after weak demand IPO seen as...
Central purchasing body aims to curb high living costs System introduces price controls and consumer reporting tools Launch follows a...
Pilot shows mixed feedback, with 40% of users dissatisfied Tool aims to boost transparency and consumer role in regulation Côte d'Ivoire...
AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW plant to power over 100,000 homes Project highlights...
Most Read
01

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
02

M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...

In Africa, Banks Face a New Rival: Telecom Operators
03

Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...

Algeria Opens Satellite Market to Competition, Inviting Global Operators
04

Driven by above-average growth and rapidly expanding demographics, Francophone Africa is emerging as...

Francophone Africa: A Rising Economic Giant With Weak Internal Trade
05

Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...

Over 260 Namibian SME Owners Trained as Sector Faces Mounting Losses
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.