Ethiopian Airlines, AfDB seek to partner on new $7.8bn airport
Ethiopian Airlines Group CFO Mensfin Tasew (left) and AfDB Vice President Nnenna Nwabufo display copies of the signed letter of intent. Standing behind them are Ethiopia’s Finance Minister Ahmed Shide (left) and Bank Group President Akinwumi Adesina.
Ethiopian Airlines and the African Development Bank (AfDB) have signed a letter of intent (LOI) to finance the construction of a multibillion-dollar airport in Abusera, 40 kilometres south of Addis Ababa.
The project aims to solidify Ethiopian Airlines' status as Africa’s largest carrier, while reinforcing Addis Ababa’s position as a key aviation hub.
