Boeing Forecasts Middle East Aviation Services Market at $745 Billion

Boeing projects the Middle East will require $745 billion in aviation services through 2037 to keep pace with growing passenger and freight traffic in the region, the aviation giant said in a press release Tuesday. The projections came in a new report released on the sidelines of the International trade fair for maintenance, repair and […]

Malawi mourns vice-president and 9 others killed in plane crash

Malawi’s Vice-President, Saulos Chilima, and nine others were killed when a small military plane crashed in a northern mountainous region, the country’s president said in a live televised address on Tuesday. The wreckage of the plane was found after a search that lasted more than 24 hours since it disappeared on Monday (10 June) but […]

Africa: AfDB- Natixis $50 million agreement to boost trade finance

The African Development Bank has signed a $50 million risk participation agreement, APR, with investment and corporate bank Natixis. The 50/50 risk-sharing agreement covers a portfolio of commercial transactions totaling $100 million, which will support commercial operations worth $600 million in Africa over the next three years, said the African financial institution in a press […]