12 °c
London
Wednesday, October 4, 2023
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Travel

Ethiopian Airlines continues to grow despite challenges – Abiy

FurtherAfrica by FurtherAfrica
June 17, 2022
in Africa, Ethiopia, Travel
Reading Time: 2 mins read
0 0
0

Recent reforms have enabled Ethiopian Airlines to overcome challenges and continue making a stride, according to Prime Minister Abiy Ahmed.

The Ethiopian Airlines Group, which managed the Covid- pandemic that hit the aviation sector without the need for bailouts, is getting back on a growth trajectory and adding new destinations.

Speaking to parliamentarians, PM Abiy said the reforms taken by the government in the past three and half years has helped the airline’s growth to continue unabated.

Also read: Ethiopia invested for ‘investable’ economy: What’s next?

Since the start of the reform, Ethiopian has increased its number of aircraft from 100 to 135 and international destinations from 115 to 127. The annual customer accommodation capacity of Bole International Airport has increased from 6 million to 22 million passengers.

These expansions have enabled the airline’s annual revenue to increase from 3.3 billion to 4.8 billion US dollars, Abiy said.

“While many of its competitors struggle, the airline has managed the pandemic without bailouts and continues its growth,”
Abiy said. This is because the reform created an enabling environment to lead the aviation sector properly, according to the PM.

Ethiopian revenue growth in recent years is underpinned by its quick shift to cargo services after the passenger service was hit by the pandemic that restricted travel, and booming demand in the air freight market due to surges in online shopping and pandemic-linked supplies.

Ethio telecom

Ethio Telecom, the country’s sole telecom services provider, is also among the institutions that benefited from the reform and registered growth despite challenges including security and pandemic, according to Abiy.

Also read: Doctors Without Borders return to Ethiopia

The telco’s customers grew from 37.9 million to 65.5 million while its revenue grew from 33.5 billion to 55 billion birr.

“These remarkable results” were registered in spite of the fact that Ethio Telecom is unable to cover areas due to conflict, and decisions to tariff cuts, the Prime Minister said.

Related

Source: Ethiopian Monitor
Tags: Abiy Ahmedair freight marketairline’s growthaviation sectorBole International AirportEthio telecomEthiopiaEthiopian AirlinesEthiopian Airlines continues to grow despite challenges - AbiyFeaturegrowth trajectorynew destinationsreformsTravelэфиопияأثيوبياエチオピア埃塞俄比亚
FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Economy

Mozambique’s bond market rebounds after UBS settlement

by FurtherAfrica
October 4, 2023
Airline

Ethiopian expands Djibouti service to three weekly flights

by FurtherAfrica
October 4, 2023
Mining

Angola’s diamond industry expects poor results in 2023

by FurtherAfrica
October 4, 2023
Africa

Eni’s Africa biofuel feedstock plan to cost €700M

by FurtherAfrica
October 4, 2023
Economy

IMF board approves US$1.32B resilience loan for Morocco

by FurtherAfrica
October 3, 2023
Mozambique eVisa
 
MozParks

Translate this page

Read the Latest

Economy

Mozambique’s bond market rebounds after UBS settlement

by FurtherAfrica
October 4, 2023
0

Mozambique's bonds surged following UBS Group AG's announcement of a settlement with the southeast African nation regarding Credit Suisse's involvement...

Read more

Ethiopian expands Djibouti service to three weekly flights

October 4, 2023

Angola’s diamond industry expects poor results in 2023

October 4, 2023

Eni’s Africa biofuel feedstock plan to cost €700M

October 4, 2023

IMF board approves US$1.32B resilience loan for Morocco

October 3, 2023

FurtherAfrica Partners Network

The Exchange Farmers Review Africa 360 Mozambique
TechGist Africa Energy Capital & Power Club of Mozambique
Taarifa Rwanda Web3Africa See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
O Económico Digilogic Africa  

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 107.3K other subscribers
FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?