The Ethiopian Airlines Group and the Ministry of Finance have held high-level talks with the Bank of China over financing for the planned Bishoftu International Airport, a $12.5 billion project expected to become Africa’s largest aviation hub.

The April 1, 2026 meeting comes as Ethiopia steps up efforts to secure funding for the mega-project, while the African Development Bank (AfDB) continues to lead the financing structure as mandated lead arranger. Officials say the talks are aimed at building a stronger and more sustainable financial package for the airport’s construction.

During the discussions, the Ethiopian delegation briefed Bank of China executives on the project’s technical readiness and its broader economic case. They said the airport is being structured not just as a transport facility, but as an “Airport City” that will include hotels, shopping malls and a high-speed railway link to Addis Ababa

Ethiopia also stressed its efforts to reduce the debt risks that often accompany large infrastructure projects by improving the project’s bankability and long-term financial sustainability.

The Bank of China said it has a strong interest in the project, citing its global experience in airport investments and the strategic value of high-impact infrastructure in Africa. The lender also confirmed that it is holding joint consultations with the African Development Bank, opening the door to closer coordination on loan terms and financing options.

The AfDB has already committed $500 million to the project and is working to mobilize up to $8 billion, making the participation of the Bank of China potentially critical to closing the financing gap.

Ethiopian Airlines Group Chief Executive Officer Mesfin Tasew told Capital Newspaper that Bole International Airport, which currently handles about 25 million passengers, is nearing capacity. He said the first phase of the Bishoftu project, targeted for completion in 2030, will accommodate 60 million passengers a year, with total capacity expected to reach 110 million when fully completed.

Both sides agreed to continue technical and financial consultations in the coming period as Ethiopia pushes ahead with one of its most ambitious infrastructure projects to date.

If the partnership is finalized, the Bishoftu airport could become a major model for financing and delivering large-scale infrastructure in developing countries.

The Ethiopian Maritime Authority (EMA) has announced a shortage in the supply of empty containers for Ethiopia’s export products, citing disruptions in maritime transport caused by the security crisis in the Middle East.

In an official letter sent to the Ethiopian Customs Commission, the Authority indicated that container supplies have become inconsistent because several shipping lines harbor safety concerns regarding voyages to Djibouti.

Yalew Tesfaye, The Authority’s Lead Executive Officer for Logistics Administration, stated in the letter “Due to security risks faced by shipping companies, the number of vessels arriving at Djibouti has decreased, leading to a shortage of the empty containers exporters need to pack and ship their goods.”

It was noted that this problem has emerged specifically during a peak period for coffee exports, which could negatively impact the country’s foreign exchange earnings.

Since this is a season where high volumes of coffee are supplied to the global market and buyer demand is at its peak, the Authority emphasized that the concerted effort of all stakeholders is essential to meet the set export targets.

To address this challenge, a call has been made for the rapid release and distribution of empty containers currently held at domestic dry ports to exporters.

Currently, there are a total of 2,005 twenty-foot and 2,471
forty-foot containers holding import cargo at the Modjo and Kaliti dry ports; importers are expected to clear their goods quickly and return these containers.

The Ethiopian Customs Commission has been requested to provide the necessary monitoring and support to ensure these containers are urgently unstuffed and made available for the export trade.

Furthermore, in accordance with prior directives from the Ministry of Transport and Logistics, a reminder was issued to strengthen controls ensuring that containers entering the country are not returned empty to Djibouti without the explicit verification of shipping agents.

The Authority concluded that to ensure the sustainability of the export sector and protect the country’s economic interests, all relevant parties must work in coordination to resolve the current container shortage.

The Monetary Policy Committee (MPC) of the National Bank of Ethiopia (NBE) concluded its latest meeting on Tuesday without issuing a concrete decision on the much-anticipated lifting of the credit cap, opting instead to maintain current policy settings amid rising global economic uncertainty.
In a statement released following the March 31 session, the MPC indicated that it would convene for an extraordinary meeting in less than a month to reassess the situation, driven largely by geopolitical tensions in West Asia.

The committee noted that sustaining the single-digit inflation recorded since December 2025 still requires a continued tight monetary policy stance. It reaffirmed its commitment to using all available instruments to maintain price stability, deciding to keep both the policy rate and the annual credit growth caps unchanged.

However, the MPC highlighted growing concerns over heightened global economic uncertainty fueled by the conflict in the Middle East and its potential spillover effects on the domestic economy. In response, the committee emphasized the need for more frequent reviews of key macroeconomic developments.

The committee agreed to reconvene by late April, or earlier if circumstances warrant, to evaluate whether additional policy measures are required.

Citing the International Monetary Fund’s January 2026 outlook, the MPC noted that global growth was projected at around 3.3 percent for 2026 and 3.2 percent for 2027. But it warned that this outlook is now subject to significant downside risks following a sharp oil price shock tied to escalating Middle East tensions.

“The sharp rise in energy prices is expected to dampen global growth by raising production costs, eroding real incomes, and tightening financial conditions, particularly in oil-importing economies,” the statement read. While baseline projections remain broadly intact, the committee noted that the balance of risks has shifted to the downside, with the severity of the impact depending on the duration and intensity of the conflict and the persistence of high oil prices.
On the domestic front, the MPC underscored that Ethiopia’s external position has shown resilience since the comprehensive economic reforms launched in July 2024. The country’s balance of payments registered a surplus during the first eight months of the 2025/26 fiscal year, driven by significant improvements in exports—particularly coffee and gold—along with growth in private transfers, net service trade, and capital account inflows.

Minister of Trade and Regional Integration (MoTRI) , Kassahun Gofe announced that over 180,000 metric tons of fuel, which Ethiopia intended to import, has failed to reach the country due to the war and instability in the Middle East.

The Minister disclosed this during a briefing regarding new government decisions aimed at mitigating the impact of the ongoing international crisis.

According to Kassahun, Ethiopia’s long-term fuel procurement contracts with Middle Eastern suppliers have been disrupted by the conflict.

As suppliers officially notified the government of their inability to deliver the product, the 180,000 metric tons of fuel currently in the procurement process could not enter the country.

This disruption has placed significant pressure on the domestic fuel supply, specifically causing the daily supply of diesel to drop from 9.2 million liters to 4.5 million liters.

Regarding the impact of the war on global fuel prices, the Minister explained that the price of a barrel of diesel has skyrocketed from $80 before the war to $230 today, while gasoline surged from $70 to $150. Despite these prices tripling on the global market, he noted that the government continues to provide substantial subsidies to protect citizens’ livelihoods.

Currently, the government is subsidizing 95 Birr per liter for diesel and 42 Birr per liter for gasoline. To date, the government has spent approximately 262 billion Birr on fuel subsidies, with a monthly allocation ranging from 15 to 20 billion Birr.

To manage the current supply shortage fairly, a priority allocation system has been implemented effective on today March 31,2026.

Under this directive, priority for fuel supply will be given to fuel-transporting tankers, export-oriented organizations, special national projects, vehicles transporting basic consumer goods, tractors for modernized agriculture, and public transport services.

In terms of enforcement and public cooperation, the Minister revealed that 658 individuals, including officials, have been detained for illegal activities in the fuel trade, and over 720,000 liters of fuel have been seized and confiscated.