Ethiopian Airlines has been named among the World Economic Forum’s Global Growth Companies for 2015 – the world’s most dynamic and high-growth companies with potential to become global economic leaders.
The World Economic Forum released the list last week.
Olivier M. Schwab, Head of Business Engagement at the World Economic Forum, said the 2015 honourees “represent a dynamic group with clear potential to shape the future in different business sectors.”
The airline was among the high-growth companies nominated from a broad spectrum of sectors, who share a track record of exceeding industry standards in revenue, growth, promotion of innovative business practices and demonstration of leadership in corporate global citizenship.
The Global Growth Companies Community currently consists of 400 companies around the World.
Ethiopian Airlines says it is in the first year of the second phase implementation of its 15-year strategic roadmap, Vision 2025, which is expected to see it become the leading Aviation Group in Africa with seven profit centres grossing a total annual revenue of $10 billion by 2025.
The Airline is the most profitable in Africa. In 2014 it made a profit of $175 million, and this is more than the profit made by all airlines in Africa combined.
By Emmanuel Odonkor