African nations are investing billions in airport infrastructure as passenger traffic across the continent is projected to double to 300 million annually by 2040, according to the International Air Transport Association (IATA), which forecasts average growth of 5.7% per year through 2034. Ethiopia leads this transformation with plans for Africa’s largest airport near Bishoftu, 40km […]
The African Development Bank, through its Financial Sector Development’s Trade Finance operations, has launched a Transaction Guarantee instrument designed to provide up to 100% cover for non-payment risk to regional and international banks, for trade transactions initiated by local banks in Africa. The guarantee will cover an array of trade finance instruments, including confirmed letters […]
The Iraqi government has placed two Boeings stationed in Tunisia since 1991 for sale three years after a deal with the North African country to remove aircrafts expired. Boeing 747SP-70 YI-ALM which belonged to the Iraqi government under former and late President Saddam Hussein and Boeing 747 – MSN 22366 owned by national carrier Iraqi […]
