Browsing: Aviation Industry

• Tanzania has one of the largest international airports in East Africa
• Tanzania Standard Gauge Railway is slated to commence operation by the end of April 
• Tanzania is a gateway serving competitive landlocked neighbouring countries.

Tanzania’s economy is moving at a steady pace. According to the Bank of Tanzania, the inflation rate is at 3.6 per cent, and the nation’s GDP stands at 5.2 per cent (3^rd Quarter 2021).

The United Nations argues that the African Continental Free Trade Area (AfCFTA) is expected to increase intra-African trade in transport services by nearly 50 per cent.

In 2015, the African Development Bank (AfDB) approved $346.38 million to improve 500 km of roads across the country over the next five years.

On the other hand, in 2014 World Bank, another development funder to Tanzania, furnished the nation with $300 million to improve rail and transport infrastructure, which ultimately boosted intra-region trade with …

The aviation industry in Africa is expected to suffer a revenue loss of $8.103 billion this year due to COVID-19, according to a report by the African Airlines Association (AFRAA).

The analysis among the first series of study by AFRAA examining the impact of the COVID-19 pandemic on Africa’s air transport sector.

The African Airlines Association report shows that passenger revenue in the first quarter of this year dropped to $0.403 billion which represents 13.8 per cent year-over-year with more impact seen in Q2 2020 costing $2.740 billion.

Also Read: Air passengers travel confidence key to salvaging African airlines

According to the AFRAA analysis, air transport recovery is expected to start from Q3 2020 with domestic operations taking the lead followed by regional and international flights.

For the month of May, the report shows that the aviation industry recorded a 90.3 per cent year on year passenger traffic reduction.

According …

South African Airways (SAA)—one of Africa’s largest carrier has just proposed to the south African government a $ 1.2 billion bailout assist debt settlement and resume flying as the second-largest economy anticipates to reopen the economy.

The fresh plan has received mixed feelings as Public Enterprises Minister Pravin Gordhan powerfully disapproved to that plan, and announced his ambitions for the creation of a new airline at the start of the month.

While on Sunday, President Cyril Ramaphosa restated the government’s purpose to revive SAA, according to information from Bloomberg News.

As the Ethiopian Airlines CEO Tewolde Gebremariam assures the world of a decent return for African planes, “here in Africa we expect to be slightly faster in recovery,” Gebremariam said in an interview with Bloomberg, SAA administrators eye a massive return.

According to information from Bloomberg News, the plan includes about 977 million rands that will go toward repaying South …