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Nigeria’s Access Bank acquires Kenyan bank
Nigerian banks have continued to make their foray into East Africa’s financial sectors, with the recent acquisition of Kenya’s Transnational Bank by Access Bank of Nigeria.
According to standardmedia.co.ke, Access is not the first Nigerian bank to get a foothold in Kenya; Guaranty Trust (GT) and UBA already have a presence here. The choice… read more
Pandemic Hits African Tourism
At mid-year, African economies, already battered by the Covid-19 pandemic are now facing a total GDP loss of at least $145.5 billion. With many countries recording an unprecedented surge in the number of infections, and the continent's total cases surpassing the half million mark as per World Health Organisation data, Africa is forecast to suffe… read more
KQ with rock-bottom fares on reopned domestic routes
Nigeria: Domestic airlines risk collapse as load factor declines
Exactly a week after commercial airlines resumed flight services on Lagos-Abuja route, local airlines are struggling to sustain operations and meet cost as load factor hovers around 40 per cent.
The day-one optimism of about 70 per cent traffic across some of the local carriers has waned. Some of the operators c… read more
The best places to watch chimpanzees in Uganda
Nigeria: Why FG must rescue
The Federal Government’s laidback disposition to the plight of Nigerian flag carriers abroad is suffocating investment and efforts of local operators to have a stake in the competitive international airspace. WOLE OYEBADE writes.
Refusal by the United Kingdom’s government to grant Air Peace airlines a landing permit, t… read more
Aviation’s role in rebuilding tourism in Africa
Aviation is perhaps the engine room of the entire tourism sector. By its basic definition of tourism means the two can only be bedfellows. The World Tourism Organisation, United Nation’s agency responsible for the promotion of sustainable tourism defines tourism as a social, cultural, and economic phenomenon that entails the movement of people t… read more
South Africa reopens three additional domestic airports!
South Africa’s Minister of Transport, Fikile Mbalula, today (16 July 2020) announced that in addition to the 11 airports in South Africa that are currently operating in alert level three of the country’s risk-adjusted strategy to manage the spread of COVID-19, the following three domestic airports have met all the requirements and will re… read more
SAA To Receive Even More Government Cash
South African Airways will receive even more funding after the South African government signed its support on a business rescue plan for the airline today. As a result, the government will provide R10.1bn (USD$600m) to restructure the airline. Today, the South African government has shared that it will support its national carrier with ad… read more
Radisson Hotel Group Signs 15 New Hotels Across EMEA in Q2 2020 →
Radisson Hotel Group announces 15 new hotel signings across EMEA in Q2 2020. The new signings re-affirm the Groups commitment to its ambitious 5-year development plan. Radisson Hotel Group continues to expand its new brand architecture and further strengthen its presence across EMEA.
Elie Younes, Executive Vice President & Chie… read more
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