The African Development Bank Ethiopian Airlines Partner on $500m Addis Airport Project

The African Development Bank (AfDB) has partnered with Ethiopian Airlines to contribute $500 million towards building a new airport in Addis Ababa, Ethiopia. The project, expected to be Africa’s largest when completed in 2029, marks a significant milestone for the continent’s aviation sector.

Speaking to VOC News, Dr. Paul Kariuki, Executive Director of the Democracy Development Programme at the University of KwaZulu-Natal and Convener at the Africa Policy Circle, said the project is particularly notable because it is funded from within Africa.

“It’s going to be one of the biggest airports and a very exciting situation,” Kariuki said. “It’s being funded by a continental development bank, by Africans for Africans. It sends a strong message that we as a continent have the potential to influence our own development trajectory and mobilize resources continentally to support our initiatives.”

Kariuki highlighted that Ethiopian Airlines is positioning itself as a major carrier in Africa, with Addis Ababa emerging as a key international hub. “I’m also a frequent flyer with Ethiopian Airlines and can vouch for their professionalism,” he noted. “They put the client at the center of their business model, which is crucial in the highly competitive post-COVID aviation industry.”

He said the airline’s expansion, paired with the AfDB’s investment, strengthens regional integration and economic opportunities. “It’s intriguing to see this kind of partnership in aviation, backed by a bank that is committed to African-led development,” he added.

Ethiopian Airlines, known for its on-time performance and excellent service, already connects Africa to destinations worldwide. Kariuki believes the new airport is a clear response to growing demand. “If you visit Addis, you’ll see the airport is busy day and night. This expansion speaks volumes about their vision to be not just a national airline, but a continental and global leader.”

The project, he said, is a “powerful story for the year” one that reflects Africa’s ability to invest in its own future and build world-class infrastructure on its own terms.

Listen to the full interview below:

VOC News

Photo: VOCfm

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Lee-Yandra Paulsen

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