Air travel growth in Africa is projected to hit 6% in 2026, exceeding the global average anticipated at 4.9%, slightly above the 5.2% expected this year. However, despite outshining the rest of the world in terms of air travel growth, the African aviation industry’s profit margins of 1.3% still lack the lustre as African airlines...
Out of total US$1.2 billion of global aviation industry funds blocked by governments, 93% of the capital is trapped in Africa and Middle East (AME) countries. In fact, 10 countries across Africa, the Middle East, and South Asia account for 89% of the total blocked funds, amounting to US$1.08 billion. The AME region total blocked...
The Petroleum Training and Education Fund (Petrofund) this week unveiled its new brand identity, inaugurated its head office and launched its revamped website alongside PetroConnect, a digital CV repository system. Petrofund’s refreshed brand identity features two intertwined petroleum drops, symbolising strong collaboration between public and private institutions and reaffirming Namibia’s commitment to developing local expertise...
Angola has taken a proactive approach with the deployment of SITA’s Advance Passenger Information and Passenger Name Record Gateway (API PNR Gateway) at Dr António Agostinho Neto International Airport. The new system is supported by SITA’s Passenger Information Unit (PIU) consultancy services. As aviation’s tech engine, SITA aims to make travel safer, easier, and more...
Namibia Revenue Agency (NamRA) Commissioner Sam Shivute has urged small online importers to work closely with the agency, saying trade is the “engine of economic growth” and a key driver of business development in the country. Shivute was speaking during a stakeholder engagement session in Windhoek with “Order with Me” operators, small businesses that help...
The new Minister of Industries, Mines and Energy, Modestus Amutse, during his introduction to the ministry staff on Monday, has called for stronger action to expand renewable energy and improve responsibility in the mining sector. “The country must increase its use of clean energy, especially solar power. Why has the nation not yet built more...
The European Union (EU) reflected that its partnership with Namibia has been stronger, as the two sides celebrated 35 years of diplomatic and economic relations. Speaking at a media engagement on Wednesday evening, EU ambassador to Namibia Ana Beatriz Martins said that the EU remains Namibia’s biggest trading partner and the largest single market for...
The global airlines industry is expected to achieve a combined total net profit of US$41 billion (about N$700 billion) next year, up from US$39.5 billion (just over N$674 billion) this year. This is according to the latest figures from the International Air Transport Association (IATA) that noted while the expected Net Profit would set a...
ABU DHABI – Deep in the Abu Dhabi desert, a vast AI campus a quarter the size of Paris is starting to emerge, the oil-rich UAE’s boldest bet yet on technology it hopes will help transform its economy. Towering cranes clank as long, low buildings take shape below, the eventual home of data centres powered...
Key to the Paratus Group’s impressive expansion plan has been the addition of East Africa, and Martin Cox, chief commercial officer, who has spearheaded the group’s efforts to make it a reality. When Cox joined the Paratus Group in 2021, his principal mandate was to champion the group’s ambitious expansion across Africa. “I’m very proud...