Tourism: Bloomberg list Namibia, Tanzania and Tunisia as the African countries in its Top 22 destinations for 2018

bloomberg

Plenty of cities are always worth a visit. But when destinations are in the midst of an evolution—bursting with new, standard-setting hotels and restaurants, or chock-full of new cultural attractions—you can expect a spark of electricity in the air. The alchemy of being in the right place at the right time is exactly what transforms a good vacation into a […]

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Aviation: Asian Airlines may stop free drinks on board until Oil prices increases

Rising fuel prices stemming from last week’s OPEC production cuts could heap pressure on Asia’s already overburdened aviation sector and force its biggest carriers to nix the giveaways that have long been integral to their service. And the first ballast to be cast off might be free alcohol and in-flight entertainment, which has been standard on most of the continent’s […]

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Aviation: Dubai Airport handles more international passengers than Atlanta and Beijing Airports

Dubai

In 2015, based on passenger traffic, Atlanta Hartfield-Jackson International Airport in Georgia, USA was the number 1 ranked busiest airport in the world. This hub for US carrier, Delta, handled 101.5 million passengers last year, compared to number 2 ranked Beijing Capital International Airport Chaoyang-Shunyi, in Beijing, China, which saw 89.9 million passengers pass through its gates. But who is […]

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Africa: How Saudi Arabia is destroying Nigerian economy through market subsidy

Last week, Saudi Aramco, the world’s largest oil exporter, lowered the pricing terms for its Arab Light sold to Asia. The development comes at a time refineries are dealing with falling margins and global oversupply of oil. Chineme Okafor in this report examines the impact of this development on Nigeria, a country already in serious economic downturn. Saudi Arabia’s state-owned […]

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Africa: Mauritius Eyes Nigeria, Other Africa Markets to Grow Tourism

Mauritius is targeting Nigeria and other African nations to help sustain growth in tourism revenue that’s expected to reach almost 10 per cent this year, the country’s Deputy Prime Minister and Tourism Minister, Xavier Luc Duval has said. The country received 114,796 visitors from Africa in the first five months of this year, accounting for 22 per cent of the […]

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Aviation in Africa: Has The forex crisis driven United Airlines out of Nigeria?

airlines united

… as British Airways re-evaluate Nigerian route United Airlines, one of the US carriers flying to Nigeria has hinted its customers in the country that it will soon cease flight operations to the country from the 30th of June 2016. The airlines said the last flight from Houston to Lagos will operate on June 29th, 2016 and Lagos to Houston […]

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Zambia’s Kwacha Resurrects As World Best Performing Currency In 2016

By Kevin Mwanza Zambia’s kwacha has emerged from being the third worst performing currency in the world in 2015 to being the best so far this year, beating more than 150 other currencies tracked by Bloomberg. The kwacha has climbed about 20 percent in just four month of 2016, cutting its last year’s loss by half, and ahead of the […]

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Beijing overtakes New York as new ‘billionaire capital’

Beijing has overtaken New York as the city with the highest number of billionaires for the first time, a new report by China-based firm Hurun says. A total of 100 billionaires are now living in the Chinese capital, compared with 95 in New York, the report says. Shanghai, China’s centre of commerce, comes in fifth place. Hurun, which tracks wealth […]

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Here comes the boom as Kenya Airways plans $690 million restructuring

By Bella Genga (Bloomberg). Kenya Airways, sub-Saharan Africa’s third-largest airline, is planning a 70 billion-shilling ($690 million) restructuring program that includes reducing its fleet and cutting staff, Chief Executive Officer Mbuvi Ngunze said. The carrier, based in the capital, Nairobi, has been working on a turnaround plan after reporting the largest loss in Kenyan corporate history last year. The carrier […]

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Zuma’s visit to Nigeria: resolving discontent, to strengthen relations

-as President Buhari slams MTN as aiding B/Haram -Zuma promises to refund seized $15million arms deal RennOffor As has been speculated to be a strategic move to clear the increasing bubbles that may hinder businesses between two of Africa’s lion States, President Jacob Zuma’s visit to Nigeria with a large business delegation, coupled with the granting of 10 year multiple […]

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