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
-
Ethiopia’s State-Owned Telco Teams Up With Ericsson to Expand and Upgrade Its Network
13:44
-
China’s MMG Plans $400 Million Investment to Expand Botswana Copper Mine
13:30
-
Renewable Developer Anthem Secures Financing for South Africa’s Largest Solar Project
13:29
-
Kenya Looks to Algeria’s Eid Demand to Open a New Market for Sheep Exports
13:07
-
German Cooperation Injects €4m Into Climate-Smart Farming Drive in Northern Cameroon
10:01
-
Cameroon considers co-financing youth incubation programme in plantain value chain
09:55
-
Cameroon to Showcase Produce at Italian Trade Fair, Seek Export Partnerships
09:43
-
Tunisia opens applications for startups to exhibit at Tunis International Book Fair
08:35
-
Benin opens applications for 2026 International AI Olympiad team
08:21
-
Google adds Yoruba and Hausa to AI search features
08:19
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Military escalation between Iran, Israel, and the United States has raised the risk of disruptions...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...
Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom network. The project will upgrade about 1,500 mobile...
Chinese mining group MMG plans to invest $400 million in 2026 to expand the Khoemacau copper mine in Botswana. The project aims to raise output...
Anthem has reached financial close on the 475 MW Notsi Solar PV project in South Africa’s Free State province. The project will supply electricity to...
Kenya is in talks with Algeria to export sheep ahead of Eid al-Adha in May 2026. Algeria’s livestock import program could require up to 1 million...
African-born artists generated $77.2 million in auction sales in 2024, down 31.9% year-on-year. Women artists accounted for about $22...
In April 2026, the Amani Festival will change venues. Forced to leave Goma for Lubumbashi due to growing insecurity, the event turns displacement into an...