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
BGFIBank Cameroon raises capital from 20 to 50 billion CFA Move exceeds new CEMAC minimum capital requirement Reform aims to boost resilience, expand...
EIB invested 3.1 billion euros in Africa 2025 About 46% allocated to climate, sustainability projects Funding aligned with EU Global Gateway...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on research, feasibility and investment support for SMEs and...
IFC plans to invest up to $52 million in a microfinance group operating in Kenya, Uganda and Tanzania. The funding will support local...
Most Read
01

Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...

Amazon Turns to Kenya as Its Next Low-Orbit Satellite Internet Bet in Africa
02

Dangote to list $20-25 billion refinery within five months NNPC holds 7.25% stake; dividends...

Dangote Sets IPO Timeline for Its $20B+ Nigerian Refinery, Eyes Retail Investors
03

DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...

DRC seeks ITC support to advance battery mineral value chains
04

Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...

Algeria’s NESDA, ASICOM Sign SME Investment Deal; Funding Details Unspecified
05

Siguiri mine produced 289,000 ounces in 2025, up 6% Fourth-quarter output rose 15%, boosting annu...

Guinea's Largest Gold Mine Records 6% Output Rise in 2025
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.