Trending
- Africa’s leapfrogging from oil and gas is not the quick energy fix the world seems to think it will be
- Dry weather spell sours Kenya’s first quarter tea exports
- Tanzania’s X blockade signals deepening purge on opposition chiefs ahead of elections
- Fresh reforms to unlock Burkina-Ghana trade opportunities
- Integration vital in unlocking Africa’s $180Bn digital trade economy
- Tanzanian Prof Janabi nominated to steer WHO Africa Region office
- The anatomy of Italy-backed Mattei Plan to speed up Africa’s growth
- Global energy chiefs demand rapid shift in Africa’s resource strategy
Browsing: Qatar
A recent meeting between the President of Zanzibar, Dr Hussein Ali Mwinyi and Qatar’s First Vice-Chairman, Mohamed bin Twar Al Kuwari highlighted these figures. The two high-ranking officials met in Qatar. The Zanzibar president called on investors from the rich United Arab Emirates to invest in the island.…
Qatar Airways is in talks to buy a 49 per cent stake in RwandAir, its chief executive said.
Qatar Airways is also interested in doubling its holding in LATAM Airlines Group to 20 per cent with an objective of having equal stake with Delta Air Lines in LATAM.
Although no details have yet been revealed, like the amount of money Qatar airways is spending on the stake, the purchase will mean the government of Rwanda will remain with a controlling stake of 51 per cent in the airline.
Industry analysts say for both airlines the deal is a win-win situation and that owning shares in a growing African airline like RwandAir will act as a springboard for Qatar Airways into the African aviation market.
Also Read: RwandAir face competition from Kenya’s budget carrier
Qatar Airways acquiring a stake in RwandAir would widen its reach and potentially help the Airways bypass …