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.
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
MTN Mobile Money Zambia partnered with Indo Zambia Bank to enable payments via bank POS terminals....
UBA UK, BII sign intent to expand trade finance in Africa Partnership targets funding gaps for in...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
The government plans a new restructuring and relaunch of Congo Airways after persistent operational failures. Authorities flag legal, financial,...
PIDG invests €4.3 million in Afreenergy Solar to expand commercial and industrial solar solutions in Senegal. The project targets 30 MW of...
by Sophie Kafuti, General Manager for Visa in the DRC For years, efforts to modernize payments in the Democratic Republic of the Congo have focused...
Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lilly in growing obesity drug market High obesity...
Top 50 ranking highlights women across core tourism service segments Tourism contributes $168 billion to GDP and supports over 24 million...
AI forces newsrooms to balance automation with credibility and trust Agentic AI boosts efficiency but risks scaling disinformation...