AfDB to Lead $7.8 Billion Funding Drive for Africa’s Largest Airport in Bishoftu, Ethiopia











The African Development Bank Group (AfDB) has been officially tasked with mobilizing the $7.8 billion in financing needed for the construction of the Bishoftu International Airport—a transformative infrastructure project set to redefine Africa’s aviation landscape.

Prime Minister Abiy Ahmed is scheduled to formalize the partnership on Monday in Addis Ababa, signing alongside Akinwumi Adesina, President of the AfDB. The agreement marks one of Ethiopia’s most ambitious transport investments to date, signaling a major push to position the country as a global aviation hub.

Located 40 kilometers south of Addis Ababa in the rapidly developing town of Bishoftu, the new facility will surpass all existing African airports in scale. Upon completion of its first phase, Bishoftu International Airport will handle 60 million passengers annually—more than double the traffic of Africa’s current busiest airports, such as O. R. Tambo International in Johannesburg and Cairo International Airport, which process between 18 million and 29 million passengers a year. At full build-out, the airport’s capacity will reach a staggering 110 million passengers, placing it on par with some of the world’s largest aviation hubs in Asia and the Middle East.

Construction Timeline and ScopeThe first phase of construction is expected to break ground in late 2025, incorporating multiple runways, advanced passenger terminals, a state-of-the-art cargo handling center, and integrated rail and expressway links to the capital. The existing Bole International Airport—already stretched near its design limits—will be reconfigured primarily for domestic flights, allowing Bishoftu to absorb the bulk of international and regional operations.

Ethiopian Airlines at the CoreEthiopian Airlines Group, Africa’s largest and most profitable carrier, views the project as the keystone of its Vision 2035 strategy, which focuses on network expansion, infrastructure modernization, and workforce development. The carrier expects the new hub to enhance its global competitiveness, enabling faster connections between Africa, Asia, Europe, and the Americas while expanding its already dominant cargo operations.

Continental and Global SignificanceThe Bishoftu project aligns with broader African Union goals, particularly Agenda 2063 and the African Single Air Transport Market (SAATM), both of which seek to boost intra-African connectivity, reduce travel times, and promote economic integration. Industry analysts note that the airport’s scale and location could make it a primary transfer point for Africa-bound intercontinental flights, challenging established hubs in the Gulf states and Europe.

Beyond aviation, the mega-project is expected to generate tens of thousands of jobs during construction and spur economic growth in the Bishoftu area, which is poised to become a major logistics, hospitality, and services hub.

With AfDB spearheading resource mobilization, Ethiopia is signaling that it intends to move swiftly on a project that could redefine not only its own transportation network but also the future map of global air travel.