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Allan Olingo
The German logistics giant DHL has announced the signing of a joint venture agreement with Ethiopian Airlines, Africa's largest freight operator.
DHL will use Ethiopian Airline's network to deliver its goods
This announcement comes just three months after the two companies partnered to serve manufacturers in new industrial parks and other business centers. export to Ethiopia.
Tewolde Gebremariam, General Manager of Ethiopian Airlines, told Bloomberg last week that DHL will be transformed "in a few weeks" into a joint venture that will offer the German company a 49 percent stake .
DHL is a major customer of the airline, generating $ 50 million annually for the cargo business of Ethiopian Airlines.
News of the agreement indicates the first principle of the privatization plan recently announced for Ethiopian Airlines by Prime Minister Abiy Mohammed, as Addis seeks to
"On our seven or eight business units, some will be attractive for investors and could also benefit from outside participation, "said Tewolde.
"We are already negotiating with partners, including Boeing, Airbus and Bombardier, for our hospitality, airport and aerospace manufacturing sector," he added.
The new agreement is expected to change the freight transport sector, since it will provide DHL with a larger share of the last mile.
Storage and Distribution Centers
It is understood that the carrier is already in talks with global electronics giants like General Electric (GE), Samsung and Techno Mobile to define the extension of their storage and distribution centers in Addis Ababa, which will then allow for the airline to offer shipping services on the mainland, DHL providing last mile connectivity.
Ethiopian Cargo eight dedicated cargo aircraft – six B777-200 and two B757-200, and two B777 worth $ 615.4 million
It has a daily lifting capacity of more than 8500 tons. In June 2017, it opened a new cargo terminal at its Bole Airport hub in Addis Ababa, built at a cost of $ 150 million to handle 600,000 tons.
This is an improvement over the existing terminal that can handle 400,000 tons. The freight terminal, which now has a capacity equivalent to that of the cargo terminals of Amsterdam, Singapore and Hong Kong, includes a dry cargo terminal warehouse, a perishable cargo terminal with storage from the cold chain and "" We have invested in infrastructure projects to modernize and expand our freight facilities, "said GebreMariam.
"The new merchandise terminal, combined with our One will give us a total annual tonnage capacity of about one million tons, the largest of the African continent," he added.
The airfreight market
The latest data from the International Air Transport Association) for global air cargo markets shows that African carriers have recorded the fastest growth in cargo volumes of a year. year on the other, up 15.6% in December 2017 and an increase in capacity of 7.9% .. freight demand growth of 24.8% in 2017 – the fastest growth rate This is only the second time that African airlines have been at the top of the chart of global demand growth since 1990. Capacity in 2017 increased by 9.9%. was stimulated by the very strong growth of Afri trade than-Asia, which grew more than 64% in the first eleven months of last year, "said IATA
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