Giant global aerospace manufacturer Boeing is set to open its African headquarters in Ethiopia, putting an end to speculation about Kenya or South Africa being the preferred locations for the expansion on the continent.
In 2023, Ethiopia and Boeing entered into a joint venture to manufacture some airplane parts in Ethiopia. Boeing anticipates that African carriers will need over 1,000 new jet aircraft within the next 20 years, with 80% of these deliveries aimed at expanding the existing fleet.
