Pressdia Ad

Ethiopia Launches $12.5 Billion Project for Africa’s Largest Airport

Ethiopia has officially commenced construction of the Bishoftu International Airport, a $12.5 billion development projected to be Africa’s largest aviation hub upon completion around 2030. According to Reuters, Prime Minister Abiy Ahmed inaugurated the project in Bishoftu, approximately 45 km southeast of Addis Ababa, signaling the start of site works for what is set to become a transformative infrastructure project for the country.

The airport, led by Ethiopian Airlines Group, is receiving backing from international partners, including the African Development Bank, which is coordinating key financing arrangements. Preliminary earthworks, budgeted at around $610 million, have begun, while full-scale construction is expected to kick off in August 2026, Reuters reports.

Once operational, Bishoftu International Airport will feature four runways, parking for 270 aircraft, and the capacity to handle 110 million passengers annually, surpassing the throughput of the current Bole International Airport by more than four times. The facility will also include cargo terminals and integrated logistics services, enhancing Ethiopia’s role in continental trade and aviation.

Officials say the airport will address existing capacity constraints, support regional connectivity under the African Continental Free Trade Area, and attract investment into Ethiopia’s transport and logistics sectors, according to the Ethiopian Ministry of Transport and Trade.

Pressdia Ad

Subscribe to Newsletter

Get the latest in luxury, business, and elite trends—subscribe now!

Pressdia Ad

Subscribe

Latest Posts

Marriott Expands Egypt Footprint as Tourism Boom Fuels Hospitality Investment

Marriott International is strengthening its presence in Egypt as the world’s...

Renault Posts Record Sales in Morocco as Africa’s Leading Automotive Hub Strengthens

France’s largest carmaker, Renault Group, has recorded its highest-ever vehicle sales...

Cabo Verde World Cup Hero Vozinha Secures Move to Chilean Giants Colo Colo

Cabo Verde international goalkeeper Vozinha has secured an 18 month contract...

Tinubu Approves Nigerian Army Expansion to 12 Divisions With 28,000 New Recruits

President Bola Tinubu has approved a major expansion of the Nigerian...

AfDB Approves $114 Million Loan to Advance Morocco’s Battery Gigafactory Ambitions

The African Development Bank (AfDB) has approved a €100 million ($114...

Ecuador–Canada Trade Deal to Make 99.6% of Exports Tariff-Free

Ecuador and Canada have signed a landmark Free Trade Agreement (FTA)...

Black Market Targets Guinness World Record With Star-Studded Nollywood Cast

Leading Nollywood actors Lateef Adedimeji and Linda Ejiofor-Suleiman will headline Black...

Preserving African Craftsmanship Through Contemporary Luxury — KÍLÉNTÁR

Founded in 2019 by British Nigerian designer Michelle Adepoju, KÍLÉNTÁR is...

Assemble Summit 2026 to Inspire Young Professionals to Build Beyond Barriers in Lagos

As Nigeria’s next generation of entrepreneurs, professionals, and innovators navigate an...

Related Posts

Renault Posts Record Sales in Morocco as Africa’s Leading Automotive Hub Strengthens

France’s largest carmaker, Renault Group, has recorded its highest-ever...

Ecuador–Canada Trade Deal to Make 99.6% of Exports Tariff-Free

Ecuador and Canada have signed a landmark Free Trade...

LEAVE A REPLY

Please enter your comment!
Please enter your name here