Africa: Rethinking Uganda Airlines

uganda aviation

Rethinking Uganda Airlines Analysts say the government needs Shs800bn subsidy annually to keep national carrier in the air. The good news is that if President Yoweri Museveni’s New Year 2017 pledge is implemented, Uganda could end this year with a revived national air carrier. The bad is that the revived Uganda Airlines could end up like a dove flying among […]

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Africa: FG to complete Cameroun, Nigeria border highway

FG to complete Cameroun, Nigeria border highway The Federal government has reiterated its commitment to the completion of Nigeria-Cameroun border highway and also to ensure that bridges on its highways across the country receive necessary attention. The Nigeria – Cameroon Multinational Highway and Transport Facilitation Programme for the Bamenda – Enugu Road Corridor was conceived as far back as 2002 […]

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World Bank: Africa’s Tourism will grow faster when promoted in Regional blocks

According to a new report by the World Bank, The Unexplored Potential of Trade in Services in Africa, the key to boosting tourism on the continent could be to actively brand travel to regions within sub-Saharan Africa – encouraging visitors to east, west, southern Africa – rather than just individual countries. The report uses the examples of the Caribbean and […]

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Africa: 10 Nigerian banks make top 1000 world bank ranking

Zenith

Ten Nigerian banks led by Zenith, First Bank and Guarantee Trust Bank (GTB) have made the 2016 Top 1,000 World Bank ranking by Financial Times. The prestigious financial magazine published top 1,000 banks for 2015. The survey evaluated over 1250 banks from over 100 countries. Chinese banks continued to improve their position with 3 out of the top 5 banks […]

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Africa: How Gambia is handling Sex Tourism with laws

By Fabakary Jammeh and Kristin Palitza Banjul – On a windy evening, Oumie Sanneh, 42, sits in front of her small house in the beach town of Kololi and looks forlornly out to sea. Ruefully, she thinks back to the day a Dutch tourist arrived in the former fishing village, which lies on the Senegambia Strip, in the heart of […]

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African economy: Kenya receives sh15bn for youth jobs from World Bank

The World Bank has given Kenya Sh15 billion to finance initiatives that help stem the tide of joblessness in the country. The money, which the bank’s directors approved early this month, is earmarked for the establishment of a business grants programme, support companies that offer to bridge jobs skills gaps among college graduates and to strengthen Kenya’s policy on youth […]

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Rwanda To Hold 26th WORLD ECONOMIC FORUM FOR AFRICA

By Friday Nwosu Rwanda is set to hold the 26th World Economic Forum for Africa, to further integrate the African continent through digital integration. The forum which is expected to hold from the 11th-13 May 2016, with the theme: “Connecting Africa’s Resources through Digital Transformation”, will bring together regional and global leaders from business, government and civil society in Africa […]

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Kenya To Benefit From Nigeria And South Africa Economic Slump

Kenya and other East African nations are seen benefiting from the economic slump being experienced in two of the continent’s biggest economies. Analysts at CfC-Stanbic Bank, owned by South Africa’s Standard Bank, has tipped Kenya to benefit from the economic slowdown that is being experienced in Nigeria and South Africa, Standard reported. “South Africa may witness sovereign credit downgrade yet […]

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Share of world living in poverty to fall below 10% says World Bank

The World Bank has said that for the first time less than 10% of the world’s population will be living in extreme poverty by the end of 2015. The bank said it was using a new income figure of $1.90 per day to define extreme poverty, up from $1.25. It forecasts that the proportion of the world’s population in this […]

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Ghana to launch National carrier, build new terminal as Turkish goes double daily to Accra

President John Dramani Mahama says government is working assiduously to get a new national airline established on a Public-Private-Partnership basis soon, after a successful prefeasibility study. “Government’s plan to set up a new national airline under a PPP arrangement to support the policy-objective of establishing Kotoka International Airport (KIA) as an aviation hub is also on-going. It is my expectation, […]

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