Ghana inks deal with Ethiopian Airlines for a national carrier
Tuesday, 21 May 2019 15:25
Ghana has signed a partnership agreement with Ethiopian Airlines to launch a new public airlines company. This was announced by Tewolde Gebremariam (photo), Ethiopian Airlines’ CEO, last week.
The new entity will be 51% owned by Ghana and its private sector while 49% will go to Ethiopian Airlines. In a bid to restrict the government's authority on the new company, Ghana’s stake in it would be later capped at 10%.
Amid African airspaces’ interconnection process, the new operation is aimed at boosting the presence of local airlines in the continental market. Currently, just 20% of the market is served by local firms. “This has to change. It has to be at least fifty-fifty. Till we Africans cooperate and change the diminishing market share of African airlines, there will not be any homegrown airlines after ten years,” Tewolde Gebremariam said.
Moutiou Adjibi Nourou
Additional Info
- communiques: Non
- couleur: N/A
Live News
-
Indorama Invests $525 Million in Egypt Phosphate Fertilizer Complex
11:53
-
Cameroon Signs Defence Agreements to Expand Local Production and Cut Imports
09:33
-
Niger Looks to Morocco to Tackle Skills Gap
09:20
-
Ethiopia’s Ethio Telecom, Mastercard Move to Expand Payments Partnership
09:10
-
Ukraine Targets Ghana With Flour Production Plan Amid Demand Surge
06:06
-
Schalk Nolte Takes On Global Financial Fraud with Entersekt
04:15
-
Ndaedzo Madume rethinks rental market with tenant deposit financing solution
04:13
-
Cameroon Backs Palm Oil Expansion With New 25,000-Ton Plant
04:10
-
Cameroon’s Trade Gap With Gulf Narrows, but Energy Dependence Persists
21:02
-
Cameroon’s Frozen Fish Import Bill Surges as Local Supply Falls Short
20:41
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
MTN Ghana completes separation of mobile money into new entity Move aims to boost fintech growth ...
Indorama Corporation signed a deal to build a $525 million phosphate fertilizer complex in Egypt. The project will produce 600,000 tonnes...
Niger, Morocco sign agreements to boost education, vocational training Talks focus on human capital amid high dropout, capacity...
Ethio Telecom, Mastercard discuss expanding cross-border payments partnership Collaboration targets remittances, fintech integration, multi-currency...
Ukraine explores wheat flour production project in Ghana following 2025 cooperation deal; Ghana’s wheat imports surge 56.7% to 1.09 million tonnes in...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...