US agencies pledge support for Bishoftu airport project

Ethiopia has secured major backing from US government agencies, finance institutions and companies for the Bishoftu International Airport construction. The institutions announced support via the Washington financial roadmap. Officials described it as one of Africa's flagship aviation projects.

Addis Ababa – High-level US officials have expressed firm confidence in Ethiopia's economic transformation agenda and growth prospects.

Finance Minister Ahmed Shide stated that the Bishoftu airport will act as a hub for trade and investment. He noted it strengthens bilateral ties between the two countries and opens broad business opportunities for American firms beyond economic reforms.

Ethiopian Airports Enterprise CEO Mesfin Tasew said the partnership with US institutions helps meet rising demand for international transport. Africa's Development Bank Finance Director President Hassatu Selle highlighted the project's strong foundation, feasibility and regional impact. She added that it enhances competitiveness and fosters sustainable development across Africa.

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Photorealistic image depicting the construction of Bishoftu Airport in Ethiopia, financed via Wall Street model, with Ethiopian Airlines involvement and African Union Summit backdrop.
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Ethiopia adopts Wall Street model for Bishoftu Airport

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Ethiopia is employing a Wall Street-inspired financing model for the Bishoftu Airport project amid discussions at the African Union Summit. Ethiopian Airlines has contributed 700 million dollars as initial investment toward the 12.5 billion dollar venture. A special-purpose company will oversee borrowing, with financiers choosing contractors.

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.

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An Ethiopian delegation trained by Finance Minister Ahmed Shide held discussions with high-level officials from Italy's Mattei Plan in Addis Ababa. The talks focused on progress in the Koysha electric power plant and Bishoftu world-class airport apron projects. These efforts seek to strengthen Ethiopia's power exports and aviation development for sustainable growth.

Deputy Prime Minister Temesgen Tiruneh stated at the launch of Ethiopia's Basic Infrastructure and Construction Week in Addis Ababa that ongoing national projects serve as reliable foundations for sustainable development. He emphasized the leadership principle of creativity, speed, and quality as key to Ethiopia's transformation. The event aligns with efforts toward national development visions.

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Ethiopian Prime Minister Abiy Ahmed, Deputy Prime Minister Temesgen Tiruneh, Oromia President Shumelis Abdisa, and National Bank Governor Eyob Tekalgn visited development works and inaugurated projects in Wellega zones of Oromia region on the same day. Projects including the Busa Gonofa integrated food industry complex and Geter Corridor development were highlighted as key for agro-industry, job creation, and economic growth.

Ethiopia's Finance Minister Ahmed Shide met with Liu Yunfeng, deputy director general of China's International Development Cooperation Agency, in Addis Ababa. The discussion centered on advancing Ethiopia's development priorities through bilateral cooperation. Both nations agreed to expand ties in key sectors including infrastructure and health.

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At the 16th African Risk Capacity assembly in Addis Ababa, Ethiopian officials described the initiative as a symbol of African unity beyond national finance mechanisms. Commissioner Dr. Sheferaw Teklemariam and Deputy Prime Minister Temesgen Tiruneh highlighted Ethiopia's work on aviation risks and disaster resilience amid climate change. The event focused on unity, togetherness, and institutional strengthening.

 

 

 

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