Ethiopian Airlines and the African Development Bank have signed an agreement to collaborate on an airport project.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Ethiopian Airlines, one of Africa’s top airlines, situated primarily in Ethiopia, recently signed a deal with the African Development Bank to work on an airport project.

Both parties inked a memorandum of understanding concerning the Bishoftu International Airport Development Project in Ethiopia.

The signing was spearheaded by Mr. Mesfin Tasew, Ethiopian Airlines Group CEO, and Mrs. Nnenna Nwabufo, Vice President for Regional Development, Integration, and Strategy, representing the African Development Bank (AfDB), in the presence of AfDB president Dr. Akinwumi Adesina.

To meet the increasing demand for passengers and cargo, Ethiopian Airlines initiated the $7.8 billion project.

Source: newsthemegh.com