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Washington and Beijing both want a piece of Ethiopia’s massive $12.5 billion Bishoftu airport, but so far, Ethiopian Airlines is the only one actually footing the bill.Originally published on September 15, this is the audio version of Jim Stenman's Horn Horizons article, published before the latest fighting flared up in Tigray.The piece breaks down how Ethiopian Airlines has already poured $3.2 billion of its own equity into land acquisition and resettlement housing, while major lenders like the African Development Bank stay on the sidelines. Then there is the geopolitical tug-of-war: Washington is dangling financing, but with strict conditions regarding Chinese firms, even though Chinese contractors hold a notable share of the shortlisted slots.To unpack all of this, Jim brings together an expert panel:• Sean Mendis (Aviation Analyst)• Mered Fikireyohannes (Addis-based Investment Adviser)• Yufan Huang (Chinese Lending Researcher)• Michael Rubin (Senior Fellow at the American Enterprise Institute)They get into why this mega-project has zero sovereign guarantee, what Washington and Boeing are really after, and the heavy local impacts. This includes the thousands of farmers displaced from their land in Oromia and how global supply chain shifts have impacted regional diesel supplies.Read the full piece on Substack:https://hornhorizons.substack.com/p/bishoftu-airport-financing-us-chinaFollow Horn Horizons on LinkedIn: https://www.linkedin.com/newsletters/horn-horizons-7333815312498200576#GlobalPowerShifts #HornHorizons #Ethiopia #Bishoftu #EthiopianAirlines #Africa
