Ethiopian Airlines and the Agence Française de Développement (AFD) signed a loan agreement of 50 million euros on June 20, 2014 at the Ethiopian Airlines Headquarters. The agreement is aimed at financing the construction of the new state-of-the art cargo terminal.
Chief Executive Officer of Ethiopian Airlines, Tewolde Gebremariam, and Mr. Christian YOKA, AFD Regional Director signed the agreement at Ethiopian Headquarters on 20 June 2014 in the presence of H.E. Ms. Brigitte Collet, French Ambassador to Ethiopia.
“Infrastructure development is one of the four pillars of our fast, profitable and sustainable growth strategic roadmap, Vision 2025. This loan from AFD will enable us to build our new cargo terminal, which is being constructed in 2 phases, and when completed will have 1.2 million tons annual capacity, making it one of the largest in the world. The new cargo terminal is part of our Ethiopian Cargo Vision 2025, which aims first and foremost to support our country’s fast growing export of perishables such as flowers, fruits, vegetables and meat. As part of our Ethiopian Cargo Vision 2025, we plan to operate 18 dedicated freighters serving 37 international cargo destinations by 2025.
I wish to thank our longtime partner AFD, the French Government, and the French Embassy in Addis Ababa for their continued support. Our Academy expansion is also being undertaken thanks to the financial support of AFD. We look forward working for a successful and continued partnership with AFD”, said Mr. Tewolde G. Mariam, Chief Executive Officer of Ethiopian.
“This credit agreement is the second of its kind after the one signed for the expansion and upgrading of Ethiopian Airlines multinational aviation training center which is nearly completed partially in operation. The new agreement shows our commitment to further support Ethiopian in its growth plan,” said Mr. Christian YOKA, AFD Regional Director for Ethiopia, Sudan, South Sudan, Somalia and Eritrea.
Ethiopian Cargo currently has dedicated freighter services to 26 cargo destinations in Africa, the Gulf, Middle East, Asia and Europe, using 6 dedicated cargo freighters including B777-200Fs. Ethiopian Cargo is an award winning cargo service provider and is ranked 43rd by revenue out of the top 50 global cargo operators.
I was really curious about Samuel Zemichael , the more I listen and watch his interview the more I am really puzzled by how far he has gone. You see, he has some true points and there are few hard to grasp facts, but the society was accepting him in wide open hand with out any doubt, if he is really a fake person I think he is taking advantage of our innocent people. That is CRIME! But how he can make such claims such as he was a student's president at Addis Ababa University? This is a simple fact any Addis Ababa student can find out easily, unless all his classmates are dead. Also, he said he had a TV and Radio talk show, well that is should not be fake either. It better not. I think he is a good public speaker than an engineer. Remember he might be an engineer too. Still no one is discrediting him with facts. Now it will be up to us to find out about his credentials. For now I did mine, for my surprise he was famous in 2011. That is about three years ago. I will dig more and will bring more info. For now see all the people who are nixed by him if is he fake.
