African Airlines' Passenger Revenue Jump by 8% in Q1 2024 AFRAA
The world airline industry has maintained its trajectory of recovery during the first quarter of 2024 with a rebound in passenger demand, according to African Airlines Association (AFRAA). International traffic [...]
Interswitch Partners with Elie Technologies for Contactless Payments
Interswitch East Africa (Kenya) Limited has partnered with Elie Technologies to unveil a contactless payment solution for merchants and customers in Kenya. The solution, dubbed Tumatap, will enable Micro, Small, [...]
Qatar Airways Acquires 25% Stake in South African Regional Carrier
Qatar Airways has acquired a 25% stake in South African regional carrier Airlink as part of its ambitions to expand operations further across Africa. “Having Qatar Airways as an equity [...]
Ghana Begins Construction of US$12 Billion Petroleum Hub
Ghana’s state-owned Petroleum Hub Development Corp. (PHDC) and a consortium of private-sector partners have formally broken ground on the first phase of the country's first integrated downstream petroleum hub According [...]
IM Group Posts KSh6.1 Billion Profit in H1 2024
IM Group PLC posted a profit of KSh6.1 billion in the first half of this year, a 21% growth from KSh5.03 billion during the same period last year. Customer deposits [...]
BasiGo Secures KSh1.3 Billion from DFC for Electric Buses Assembly
BasiGo has secured KSh1.3 billion from United States International Development Finance Corporation (DFC) to increase local assembly of its buses. “We are currently producing in partnership with Kenya Vehicles Manufacturers [...]
MTN Group Service Revenue Falls to US$4.78 Bn in H1 2024
MTN Group has posted a half-year 2024 loss, weighed down by devaluation of the Nigerian naira and operational challenges in Sudan. At the end of the period, MTN's total subscriber [...]
Nigeria's Inflation Eases for the First Time Since 2022
Nigeria’s headline inflation rate eased to 33.4% in July 2024, slowing for the first time in almost 2 years, down from a 28-Year high of 34.19% in the previous month. [...]
Tanzania Signs US$77 Million Contract for Iron Ore Mining
Tanzania's National Development Corporation (NDC) has signed a US$77 million contract with Fujian Hexingwang Industry Tanzania to facilitate iron ore mining. According to NDC Managing Director, Dr Nicolous Shombe, the [...]
Ethiopian Airlines has posted US$7.02 billion in revenue for the fiscal year 2023/2024, which ended on July 7. This represents a 14 per cent increase compared to the fiscal year [...]
Qatar Airways Announces 11 Weekly Flights from Doha to Entebbe
Qatar Airways has increased its flight frequency from Doha to Entebbe, Uganda, from a daily service to 11 weekly flights, with effect from 1st August to 30th September. “The increased [...]
What a Single African Air Transport Market Means for African Airlines
The Single African Air Transport Market (SAATM) is a flagship project of the African Union Agenda 2063, an initiative of the African Union to create a single unified air transport [...]
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