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Ethiopian Airlines Group, AfDB Ink Mandate Letter To Provide $500M For Africa’s Largest Aviation Infrastructure Project
Following the signing of the Letter of Intent (LoI) on March 24th, 2025, Ethiopian Airlines Group (EAG) and the African Development Bank (AfDB) signed a landmark mandate letter appointing the Bank as Initial Mandated Lead Arranger (IMLA) for the financing of Ethiopian Airlines’ mega airport, a transformative aviation hub poised to redefine air connectivity across Africa. Under this Mandate Letter, AfDB will provide a loan of $500 million and lead the mobilisation of the remaining…
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