Ethiopian Airlines is set to receive eight new passenger aircraft and expand its international destinations by six in the coming months. The airline has placed orders for a total of 26 aircraft from Boeing and Airbus, with eight of them scheduled for delivery in the near future.
Ethiopian Airlines honored travel agencies and tour operators for their exceptional contributions to the growth of tourism and the economy of Ethiopia. The award ceremony, themed "Celebrating Partnership with Renewed Commitment," was attended by Alemu Sime, the Minister of Transport and Logistics, Nasise Chali, the Minister of Tourism, Mesfin Tasew, the CEO of Ethiopian Airlines, and representatives from various travel agencies and tour operators.
The Ethio-Djibouti Railway (EDR) has announced its plan to increase its annual freight turnover capacity from two million to six million within the next five years. An additional goal on the company's agenda is a rise in revenue from Birr three billion to eight billion annually.
The International Development Association (IDA) has awarded a USD 730 million grant to the Horn of Africa Initiative's Regional Economic Corridor Project to enhance the Addis-Djibouti corridor, a vital trade route from Ethiopia to the port of Djibouti.
The Ethio-Djibouti railway has seen a significant increase in revenue in the 2022/2023 fiscal year, earning Birr 3.3 billion. This is a 35% increase from the previous period. The railway transported 2.1 million tonnes of cargo and 124,000 passengers during the year.
