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
-
Cameroon fertilizer imports rise to CFA44.4bn in H1 2025 despite local plans
03:13
-
Cameroon power sector lost CFA4.65bn from prepaid tariff gap in 2024
20:15
-
Guinea-Bissau Sets Legislative and Presidential Elections for December 6, 2026
19:34
-
Three African Films Enter Golden Bear Race at Berlinale 2026
19:30
-
Italy’s Eni to Sell 10% Stake in Côte d’Ivoire’s Largest Oil Field
19:17
-
South Sudan Approves $9 Billion Fiber Network to Accelerate Digital Push
18:54
-
Madagascar to Train 1,000 Young People in Digital Skills by June Under D-CLIC Program
17:54
-
Zimbabwe Deploys Starlink to Expand Internet Access in Schools
17:51
-
Burundi Digitizes Tax Collection With Launch of e-KORI System
17:47
-
Paulo Matos Uses AI to Turn Corporate Ideas Into Measurable Results
17:33
Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...
Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...
The BoxCommerce–Mastercard Partnership introduces prepaid cards, giving SMEs instant access to e...
Nigeria licensed Amazon’s Project Kuiper to operate satellite services from 2026, setting up dir...
Gas-fired plants and renewables anchor Mauritania’s electricity expansion plan New thermal, solar...
Guinea-Bissau scheduled both legislative and presidential elections for December 6, 2026 by presidential decree. The transition government said...
Eni agreed to sell a 10% stake in the Baleine project to Azerbaijan’s state oil company SOCAR, subject to regulatory approval. The deal leaves Eni as...
South Sudan approved more than $9 billion to build a national fiber-optic backbone. Authorities created a supervisory committee to tighten...
Emmerson Plc launched the initial phase of arbitration against Morocco over the Khemisset potash project. The $525 million project stalled after...
Three African productions secured places among the 22 films competing for the Golden Bear at the 76th Berlin International Film Festival. Berlinale...
Ambohimanga is a hill located about twenty kilometres northeast of Antananarivo, in Madagascar’s Central Highlands. It holds a central place in the...