Africa: Core investors unsettle Nigeria Air

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The last minute pull out of core investors forced Nigeria to suspend the establishment of a national carrier, Nigeria Air, information and culture minister Lai Mohammed has disclosed. He said in Lagos that the decision became necessary because the Federal Government resolved not to finance the project alone. He noted, however, that the project was still on course but that […]

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Africa: Ghana drops VAT charge on domestic fares as 10 investors seek to Operate local Airlines

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The Ministry of Aviation has received proposals from 10 foreign and local investors to operate in the country’s domestic airline industry. The Minister of Aviation, Ms Cecilia Abena Dapaah, made this known at the opening of this year’s International Air Transport Association (IATA) day in Accra. It is being organised by IATA, which is the trade association for the world’s […]

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Private equity builds African war chest amid commodity rout

Private-equity companies amassed a $4.3 billion war chest for investment opportunities in Africa last year as the global commodity rout and weakening local currencies cut prices of potential target companies. The fundraising was the highest since at least 2010 and compares with $1.9 billion in 2014, according to the London-based African Private Equity and Venture Capital Association. The industry group […]

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Massive rail and road projects threaten the environment in Africa

Africa’s natural environments and spectacular wildlife are about to face their biggest challenge ever. In a paper published today in Current Biology, my colleagues and I assess the dramatic environmental changes that will be driven by an infrastructure-expansion scheme so sweeping in scope, it is dwarfing anything the Earth’s biggest continent has ever been forced to endure. People, food and […]

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