Nigerians and Ethiopians drank more Heineken beer than other Africans

Heineken first quarter results have shown that Nigerians are drinking more beer than they did this time last year. The results, released on Wednesday, show that the volume of beer consumed by Africa, Middle East and Eastern Europe, grew by 4.6 percent in the first quarter of the year, most of the increase coming from Nigeria and Ethiopia. “Organic consolidated […]

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African aviation growing at 4.7% says IATA

The International Air Transport Association (IATA) has announced that African aviation has supported 6.9 million jobs and generated over USD80 billion in Gross Domestic Product (GDP). Africa’s aviation sector has also carried over 70 million passengers, and is predicted to grow 4.7% per year. However, IATA has stated that for Africa to realise its full economic potential, commercial air travel […]

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Nigeria to contribute over 25% to Africa’s GDP by 2020

Africa’s biggest economy, Nigeria, is to contribute over 25 per cent to the continent’s economic growth in the next four years. According to a new report, the country’s contribution is benchmarked at an average rate of 4.8 per cent yearly leading to year 2020. The document, which was made available yesterday to The Guardian by the Institute of Chartered Accountants […]

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Tourism becomes Number one foreign exchange earner for Rwanda

Rwanda’s tourism sector continues to grow positioning itself as the leading foreign earner for the country. During the financial year 2013/14, the sector registered a three per cent increase in the number of visitors to Rwanda, growing from 1.14 million visitors to 1.2 million visitors. This accounted for an increase in revenue to $303 million in 2014 from $293.4 million […]

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9 most globalized countries in Africa

Morocco is the most globalized country in Africa, according to Swiss Economic Institute KOF Index of Globalization 2016. Released last Friday, the report ranked Morocco 57th out of 207 countries, followed by Mauritius 58th, South Africa 61st, Egypt 66th, Tunisia 81st, Seychelles 82nd, Namibia 98th, Senegal 99th, and Nigeria 103rd. According to the index, the Netherlands topped the list, ahead […]

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We Want To be the biggest Airline that fly to Nigeria and Africa – Turkish Airline

Experts say that the higher the growth of the aviation industry, the higher a country’s GDP. The economic benefits of aviation are very important. Globally, it is 3.4 percent of the Gross Domestic Product (GDP). The vice president, Sub-Saharan Africa, Turkish Airlines, Mr Said Samil Karakas in an interview with WINIFRED OGBEBO, who was in Istanbul recently, said it’s important […]

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Aisuebeogun Advise Nigerian Government To Privatise 22 Airports

By Friday Nwosu Former Managing Director of the Federal Airport Authority of Nigeria (FAAN), Mr. Richard Aisuebeogun, has advised Nigerian government to privatise the 22 federal airports under the management of the agency (FAAN), According to Aisuebeogun, aside that it is the trend globally, the privatisation of the airports will enhance their (airports’) income generation capacity and make their very […]

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South Africa releases Tourism Satellite Account, TSA figure for 10 years

The importance of South African tourism industry, particularly its role in economic growth, job creation, attracting foreign exchange and its capacity to grow SA’s GDP is vital. In 2013 alone, for example, the number of persons employed in the tourism industry amounted to 4,5% of all employed persons in South Africa, providing jobs of all skill levels and in all […]

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East African countries fight for Regional secretariat

By Adam Ihucha Kenya and Uganda are scrambling for hosting the East African Court of Justice (EACJ), renewing political supremacy wars in the regional body. Kenya is the latest partner state to apply while Uganda had started its spirited lobbying blitz some years back, seeking to enhance its position in the region. Sources say Kenya demanded the EAC heads of […]

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The Kenya Airport cancellation story: Why I am Angry-by Denis Gathanju

When Kenya Airways launched the project Mawingu and announced the expansion of JKIA that was to include the current Terminal 1A (formerly T4), I was amongst the first journalists to get an interview session with the then KQ CEO Titus Naikuni. I was at the time working for a US-based aviation magazine covering aviation in all of Africa. Share our […]

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