Africa: AfDB Signs Agreement to Mobilize $8b for Construction of Africa's Largest Airport in Ethiopia

Africa: AfDB Signs Agreement to Mobilize $8b for Construction of Africa's Largest Airport in Ethiopia

Addis Abeba -- The African Development Bank Group (AfDB) has signed an agreement with Ethiopian Airlines Group to mobilize $8 billion for the construction of Bishoftu International Airport, which is set to become Africa's largest airport upon completion.

AfDB provides $500M for new Ethiopian airport

The African Development Bank will contribute $500 million for the construction of a new international airport in Ethiopia that is expected to carry 100 million passengers a year by 2029.The AfDB’s contribution, when approved by its board, follows the bank’s designation as the lead arranger to raise nearly $8 billion for Bishoftu International Airport, which will be located 45 km outside the capital Addis Ababa. The airport will be a boost for st…

Ethiopia Appoints AfDB to Help Raise $10 Billion Airport Funding

Ethiopia appointed the African Development Bank to lead efforts to raise as much as $8 billion for the construction of what would be Africa’s biggest airport.

Ethiopian Appoints AfDB to Mobilize Finance for Africa’s Largest Airport – Ethiopian Monitor

Ethiopian Airlines Group has signed an agreement with African Development Bank (AfDB) Group, appointing the Bank as Initial Mandated Lead Arranger (IMLA) for financing for its mega airport project. The construction of the Airport, which upon completion will be Ethiopian Airlines’ new global hub and Africa’s largest airport, is estimated to cost a total of $10 billion. Under the new agreement, AfDB will provide a loan of USD 500 million and lead …

AfDB, Ethiopia Sign $8B Bishoftu Airport Financing Pact for Africa’s Largest Aviation Hub

Ethiopia’s ambitious plan to build Africa’s largest airport took a significant step forward as top government officials and the African Development Bank (AfDB)…

AfDB Earmarks $500m For Funding Of Largest Airport In Africa

By Enyichukwu Enemanna The African Development Bank (AfDB) will make a financial contribution of not less than $500 million towards the financing of a new airport to be located in Ethiopia, expected to be the largest in Africa, the bank announced on Monday. “The bank has itself earmarked up to $500 million, subject to board approval, to anchor the funding of this transformational regional integration project,” AfDB said in a statement. 2029 has …