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Nigeria now holds US$743 million in frozen airline funds
Preventing airlines from repatriating funds may seem like an easy way to replenish depleted coffers, but ultimately the local economy will pay dearly, says IATA. Over the years, Nigeria, the continent's largest economy, has emerged as one of the world's worst performers in blocking airline funds.
Air Peace leads Fastest growth by fleet
Air Peace has recorded the fastest growth by fleet when compared to its African rivals in the continent’s aviation market, Prime Business Africa’s finding has shown.
In Africa’s aviation market, there are several African heavyweight air transports; such as Air Peace, Ethiopian Airlines, Egyptair, Royal Air Maroc and Air Algérie comp… read more
Air Peace begins direct flights from Nigeria to Israel
West Africa’s biggest carrier, Air Peace has attained another milestone, as it begins its first direct flight from Nigeria to the State of Israel on April 20, 2023. This is a great feat for the airline and a huge relief to Nigerians and Israelis who have to travel for 27 hours from Nigeria to Israel via other nations but direct fli… read more
Air France increases number of non-stop Nairobi-Paris flights
French national carrier Air France has increased its non-stop flights between Nairobi and Paris in response to growing demand.
Beginning June 15, 2023, the airline will fly to Nairobi seven times per week, up from four previously. The route expansion is aimed at benefiting French and Kenyan companies, especially i… read more
Radisson Hotel Group continues to break hotel-opening records in Africa
Radisson Hotel Group, one of the fastest-growing hotel companies in Africa, plans to strengthen its robust African presence in 2023 further with the opening of eight new hotel already confirmed to date. The Group aims to reach 150 hotels within the next five years across the continent, reinforcing Africa as a key growth market.… read more
Sierra Leone expresses preparedness for ICAO audit with BAGAIA’s assistance
The Sierra Leone Civil Aviation Authority (SL- CAA) says, it looks forward to a successful audit by the International Civil Aviation Organisation (ICAO). This is because the Banjul Accord Group Accident Investigation Bureau (BAGAIA) said it has made progress with the Sierra Leone Aircraft Accident Investigation Bureau ( SL-AAIB) to… read more
Hospitality and Tourism sector will boom with Sanwo-Olu’s Return…Sunmonu
President, Nigeria Hotel and Catering Institute (NHCI), Mr. Gbenga Sunmonu, says his association is over joyed at the reelection of governor Babajide sanwo-Olu for a second term in office.
According to him, his selection will have a multiplyer effects on growth of Hospitality, Tourism and catering businesses in the state.
… read more
Accra Weizo returns with a Bang after a 3 year break due to...
Accra Weizo Travel Expo is a travel event that seeks to grow seamless Travel in West Africa and it is organised by Akwaaba African Travel Market in partnership with Ghana Tourism Authority.
West Africa is the biggest region in Africa with over 400 million people rich in culture and tourist attractions. It receive… read more
Air Peace: ‘Leaving No City Behind’
It is incontrovertible that Nigeria’s aviation industry is laden with humongous challenges, ranging from forex crunch, fuel crisis, inadequate technical manpower, statutory bottlenecks, etc, making it tough for airlines to stay afloat and sustain themselves. These factors, coupled with other internal drawbacks, have led to the untimely de… read more
$744m Blocked funds: Nigeria risks discouraging FDI by disrespecting BASA tenets – IATA tells FG
The International Air Transport Association (IATA) has said that for over a year, Nigeria has been the country with the highest amount of airline blocked funds in the world and this will affect Foreign Direct Investment (FDI) in Nigeria, the image of a country that does respect contractual obligations as well as reduced connectivit… read more
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