Browsing: Ethiopia Airlines

• Ethiopia is set to construct Africa’s largest airport at a projected cost of $7.8 billion.
• Set for completion in 2040, the airport will have the capacity to handle 110 million passengers a year and provide aprons for 270 aircraft.
• While AfDB has pledged ‘full commitment’ to fund the project, Ethiopian Airlines Group is engaging other financiers, including the EXIM Bank of China.

Ethiopia, home to Africa’s largest airline, has announced plans to build the continent’s biggest airport, set to rival global aviation hubs such as Dubai International and London’s Heathrow. Designed as a state-of-the-art airport city, the facility will have the capacity to handle over 100 million passengers annually, positioning Ethiopia as a key player in global air travel.

Already holding the title of Africa’s leading airline in passenger numbers, destinations, fleet size, and revenue, Ethiopian Airlines is now aiming for another milestone—constructing the continent’s largest airport. Additionally, Ethiopian Airlines …

The Entebbe airport stands to transform Uganda’s movement over time as it advances to become an oil economy alongside Tanzania.

South Africa, one of the wealthiest countries, has the largest road network, 750,000kms, while Tanzania, East Africa’s competitive economy, has more than 86,000km of roads.

In the current economic scenario, where uncertainty brought by economic shocks from the pandemic and political tensions force nations to expand their horizon of influence, the past years have shown why African infrastructures must be robust and conducive to enhancing value creation.

Whoever moves fast and swiftly dominates the economic conversation. South Africa, Kenya, Namibia and Nigeria are among the top African nations with more robust economies.…

The novel coronavirus pandemic (COVID-19) has brought the skies down, even the aviation industry is not safe from the virus wrath. In this case, the African aviation industry is vulnerable, as the international body predicted earlier that, the pandemic would hurt the sector hard, as carriers.

According to information from Bloomberg, Africa’s biggest carriers, Ethiopian Airlines, South African Airways and Kenya Airways are among national airlines staring at mounting losses and the destruction of growth plans put in place before the COVID-19 outbreak.

The International Air Transport Association (IATA) said last week, African carriers may lose $4 billion in 2020 revenue as demand for travel around the continent grinds to a halt.

All three of Africa’s biggest carriers have to find a resolution to ensure amicable solutions reach as carriers “will, in some shape or form, have to enter into conversations with their respective governments about bailouts,” Mike Mabasa, chairman …