Addis Ababa is a city transforming. For over a decade, Ethiopia’s GDP has been growing over 10% annually.
According to the World Bank, the percentage of Ethiopians living in extreme poverty has dropped dramatically. And for over 50 years the city has been a unifying point for Africa as host to the African Union (AU).
Looking to the future, a light rail commuter system is helping the city to improve productivity. It will be a crucial element in the city’s future development with all estimates pointing towards the population doubling to over eight million residents by 2040.
Behind most economic successes there is usually also an aviation success story.
One of the big advantages for Addis is that Ethiopia is an early adopter of the Yamoussoukro Decision 1999
The Ethiopian air transport market has grown dramatically in recent years. The country’s origin-to-destination air traffic has grown from 1 million passengers in 2006, to 2.8 million in 2016.
One of the big advantages for Addis is that Ethiopia is an early adopter of the Yamoussoukro Decision 1999. The Ethiopian economy benefits from some of the best intra-Africa connectivity—Ethiopia is now the fourth-best connected country on the continent, up from 11th in 2007.
Aviation’s development is helping Africa’s 1.2 billion inhabitants grow more prosperous
Word seems to be spreading. At a recent AU Summit held in Addis, some 20 African nations signed up to the creation of a single air transport market for Africa, with its launch expected in 2018.
There is a good base to build from. Aviation accounts for 6.8 million jobs and $73 billion of GDP on the continent. But with only 77 million passengers annually African aviation accounts for just 2.3% of the global total.
Aviation’s development is helping Africa’s 1.2 billion inhabitants grow more prosperous. And market liberalization will only accelerate the process.