The Ethiopian Airlines Group and Ministry of Finance held high-level talks with the Bank of China over financing the $12.5 billion Bishoftu International Airport project. The April 1, 2026 meeting aims to strengthen the financial package, with the African Development Bank leading as arranger.
The Ethiopian Airlines Group and the Ministry of Finance held high-level talks with Bank of China executives on April 1, 2026, regarding financing for the $12.5 billion Bishoftu International Airport, set to become Africa's largest aviation hub.
The Ethiopian delegation briefed the bank on the project's technical readiness and economic rationale, positioning it as an "Airport City" featuring hotels, shopping malls, and a high-speed rail link to Addis Ababa. They highlighted efforts to mitigate debt risks and enhance bankability for long-term sustainability.
Bank of China expressed strong interest, citing its experience in global airport investments and the strategic importance of such infrastructure in Africa. The bank confirmed joint consultations with the African Development Bank (AfDB), the lead arranger that has committed $500 million and aims to mobilize up to $8 billion.
Ethiopian Airlines Group CEO Mesfin Tasew noted that Bole International Airport, handling about 25 million passengers annually, is nearing capacity. The first phase of Bishoftu, due by 2030, will handle 60 million passengers yearly, expanding to 110 million at full capacity. Both sides agreed to ongoing technical and financial discussions.
