Ethiopia: African Development Bank to Invest $500 Million in New Airport

Ethiopia: African Development Bank to invest $500 million in new airport

The African Development Bank will be leading efforts to raise as much as $8 billion for the airport's construction.

Ethiopian Airlines AfDB Deal Powers $10 Billion Bishoftu Airport | Ethiopian News: Trusted, In-Depth Analysis

The Habesha News Desk August 10, 2025 Ethiopian Airlines and the African Development Bank (AfDB) have signed a financing contract to build a new international airport near Bishoftu. Costing about $10 billion and set to roll out in five phases, the AfDB will act as the lead arranger. At the signing ceremony were Ahmed Shide, Lt. Gen. Yilma Merdassa, and Dr. Akinwumi Adesina—marking a bold step for Ethiopia’s growth. This mega-project aims to boos…

AfDB Anchors $500M Financing for Ethiopia’s Mega-Airport

African Development Bank takes lead-arranger role for Bishoftu International Airport, a pan-African logistics hub set to transform trade, regional integration, and investment across the continent. The African Development Bank (AfDB) has been appointed as Initial Mandated Lead Arranger (IMLA) for Ethiopian Airlines’ flagship infrastructure project, the Bishoftu international airport. As Ethiopia’s most ambitious aviation venture to date, this str…

Ethiopia Is Building Africa’s Biggest Airport After Securing Mega Deal

Ethiopian Airlines has signed an agreement with the African Development Bank (AfDB) to finance the construction of what is set to become Africa’s largest airport, the Abusera Mega Airport in Bishoftu, about 40 kilometres south of Addis Ababa. The deal, formalised on Monday at a ceremony in the Ethiopian capital, was attended by Finance Minister Ahmed Shide, AfDB President Akinwumi Adesina, senior government officials, diplomats and airline execu…

AfDB to inject $500m in Ethiopia's new airport

The African Development Bank (AfDB) will contribute $500 million towards the financing of a new airport in Ethiopia, Reuters reported on Monday, August 11. The airport is expected to be Africa's largest when completed in 2029. ALSO READ: Ethiopia saves $2.7bn through import substitution in eight months State-owned Ethiopian Airlines has signed an agreement for the design of the four-runway airport near the town of Bishoftu, around 45 km southeas…