Ethiopia Moves Forward on Airport Financing with Bank of China

Addis Ababa, April 1, 2026 (FMC) – Ethiopia is advancing talks with the Bank of China to secure financing for its new airport project, with a delegation from the Ethiopian Airlines Group and the Ministry of Finance providing a detailed briefing on the initiative.

The Ethiopian team presented the project’s technical design, implementation timeline, and financial framework, highlighting recent progress aimed at improving efficiency, enhancing bankability, and ensuring long-term fiscal sustainability.

Officials emphasized the airport’s regional significance, noting its potential to strengthen Ethiopia’s position as a major aviation hub and support trade, tourism, and broader economic growth.

The Bank of China expressed interest in participating, citing its experience in airport investments and strategic focus on high-impact infrastructure projects in Africa. The bank confirmed that the project aligns with its priorities and expertise in large-scale transport financing.

The Bank is also engaging with the African Development Bank, the project’s Mandated Lead Arranger, to understand the financing framework and explore potential collaboration. Discussions focused on financing options, coordination with prospective lenders, and alignment on due diligence requirements.

Both sides agreed to maintain close coordination to advance technical and financial discussions. They underscored the importance of continued information sharing to ensure the Bank of China can effectively contribute to the project’s successful financing and implementation.