Ethiopian Airlines to build new Sh505b airport

Ethiopian Airlines CEO Tewolde Gebremariam attends the Fortune Global Forum in Paris, France. [Reuters]

Ethiopian Airlines will start constructing a new $5 billion (Sh505 billion) airport later this year, its chief executive officer was quoted as saying yesterday, as the rapidly-expanding carrier outgrows capacity at its current base in Addis Ababa.

The airport, which will cover an area of 35 square kilometres, will be built in Bishoftu, a town 39km south-east of the capital, and have the capacity to handle 100 million passengers a year, the state-run Ethiopian News Agency quoted Tewolde Gebremariam (pictured) as saying.

By Titus Too 1 day ago
Business
NCPB sets in motion plans to compensate farmers for fake fertiliser
Business
Premium Firm linked to fake fertiliser calls for arrest of Linturi, NCPB boss
Enterprise
Premium Scented success: Passion for cologne birthed my venture
Business
Governors reject revenue Bill, demand Sh439.5 billion allocation