Ethiopian and DHL to Build Leading Cargo Company in Africa
- Chidozie Uzoezie
- Jul 27, 2018
- 1 min read
DHL Global Forwarding and Ethiopian Airlines, the largest aviation group in Africa, have signed a new agreement to form a joint venture company – DHL-Ethiopian Airlines Logistics Services Ltd.
The JV company will be the Leading Cargo Logistics provider in all of Africa. It will be based in Ethiopia and do business in Africa, enhancing Ethiopia’s logistics infrastructure and connections.
Ethiopian assumes a majority stake in the JV and will provide regulatory & operational support as DHL establishes freight connections between Ethiopia’s main trade hubs and the world.
Pramod Bagalwadi, a DHL veteran with over 20 years of experience, has been appointed to lead the JV. Pramod currently leads the Industrial Projects Team for DHL in Sub-Saharan Africa.
The joint venture is another step in an extended partnership between DHL Global Forwarding and Ethiopian Airlines. The JV was formed by the long-time partners to leverage growth.
Since 2010, DHL Global Forwarding has been supporting the maintenance, repair, and overhaul (MRO) operations of Ethiopian Airlines’ commercial segment.
The JV will provide freight capacity and logistics infrastructure to Africa, where soaring economic growth has rapidly driven up demand for international forwarding and handling services.
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